Seabridge Gold, way too BIG to ignore!
From 2022-2024, Newmont’s EBIT averaged $2.7B/yr , and from 2025-27 the consensus is $7.6B/yr , a gain of +182% . Barrick Mining in 2022-24 averaged $3.4B/yr , with a 2025-27 forecast of $8.1B/yr , a gain of +140% . It’s increasingly clear that Majors need ever-larger acquisitions to move the needle. One can’t get any bigger than Seabridge Gold’s (TSX: SEA ) / (NYSE: SA ) extraordinary gold, copper, silver & molybdenum endowment spread across four projects in Canada + one in the U.S. New corporate presentation At spot pricing (ignoring the molybdenum) , Seabridge has ~278 million Au Eq. ounces . Not 1, but 2 orders of magnitude larger than most development-stage projects! In-situ value is C$1.25 TRILLION! That’s ~270 BILLION lbs. Cu Eq. Consider that Seabridge has twice as many Au Eq. ounces as Agnico Eagle, yet as a highly successful producer, Agnico has ~33x the valuation. Seabridge offers three things Agnico would benefit from. First, a tremendous pipeline of Au/Cu ounces –...