NYSE$SA

Seabridge Gold Inc · Q3 2025 earnings

Q3 2025 earnings · · Investor relations

Briefing

Seabridge Gold filed Q3 2025 results showing a net loss of $32.3M ($0.32 per share) with $52.9M invested in projects.

The company reported a Q3 net loss of $32.3 million as exploration and project spending continued at KSM, Iskut, and other assets. Net working capital was $83.2 million. No operating revenue; focus remains on advancing KSM and exploration programs.

  • Q3 net loss $32.3M on project investment.
  • KSM and Iskut exploration advanced.
  • Working capital $83.2M at quarter end.
  • No gold production; pre-revenue developer.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$0.32

No prior period
Mineral project spending

$38M

No prior period
Net working capital

$59.8M

No prior period
Net Income

-$32.3M

No prior period
Operating Income

-$23.2M

No prior period

Revenue & EPS history

Seabridge Gold · Revenue · Quarterly

$0

Q3 2025

Forward guidance

The quarterly filing discusses operating priorities, capital returns, and sector risks.

Tailwinds

  • MD&A highlights liquidity, capital, and core business trends.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure near-term margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 5 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-1.0%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+9.2%

Avg return

30 days after

33%

3 / 9 earnings

Positive

+6.8%

Q4 2023

Best reaction

-10.1%

Q2 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025-6.7%-2.0%+19.6%
Q2 2025-0.5%-2.5%+13.0%
Q1 2025+0.0%+3.4%+13.6%
Q4 2023+6.8%+4.5%+11.5%
Q4 2022-2.1%-6.3%-11.7%
Q1 2011+2.6%
Q3 2010-0.5%
Q2 2010-10.1%
Q1 2010+1.3%

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