Stonegate Capital Partners Updates Coverage on Seabridge Gold Inc. (SA) 2Q26

Dallas, Texas--(Newsfile Corp. - August 20, 2026) - Seabridge Gold Inc. (NYSE: SA): Stonegate Capital Partners Updates Coverage on Seabridge Gold Inc. (NYSE: SA). Seabridge's 2Q26 materially strengthened the KSM development and financing setup. The Company continues to advance an earn-in JV with its preferred partner, while the subsequent US$100M strategic facility provides funding certainty for planned KSM work and, in our view, represents an additional validation point as the partnership process advances. Quarterly financials remain secondary, with Q2 net income largely reflecting the one time Courageous Lake distribution gain.

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