• Measured and indicated resources under NI 43-101 stand at 27.8 million ounces of gold and 5.3 billion pounds of copper.
  


• Inferred resources total another 22.1 million ounces of gold and 2.9 billion pounds of copper. Programs are underway to increase resources and upgrade inferred resources to indicated.

Dahlman Rose & Co. Initiates Coverage on Seabridge Gold Inc.

Adam P. Graf, CFA Director of Equity Research states, “Seabridge Gold Inc. has among the largest gold resource bases of any pre-producer, while maintaining a low share count and no debt. In addition, the vast majority of gold resource is contained in two large, long-lived assets. This awards Seabridge not only with strong optionality for the gross value of its assets, but high leverage on an ounce-per-share basis.”

Per Share Gold Leverage for Select Emerging Miners