Seabridge Gold's Q3 Loss Widens as Exploration Spending Surges to Record High

Seabridge Gold Inc. reported a widened net loss of $32.3 million in Q3 2025, compared to $27.6 million in Q3 2024, due to increased investment in exploration projects. The company spent a record $52.9 million in mineral interests, almost double the $28.1 million spent in the previous year. Net working capital stood at $83.2 million as of September 30, 2025.