Seabridge Gold (SA) Reports Maiden Resource Estimate for Snip North Deposit

Seabridge Gold reported a maiden inferred resource for the Snip North deposit on April 15, 2026: 9.2 million oz gold, 28.3 million oz silver and 923 million lbs copper (605.7 Mt at 0.47 g/t Au, 0.07% Cu, 1.5 g/t Ag). The Iskut Project is being renamed Bronson Corridor Project; Snip North is the project’s second discovery. Separately, Seabridge updated KSM resource estimates using higher metal price assumptions ($2,000/oz Au, $4.00/lb Cu, $25/oz Ag, $22/lb Mo), materially increasing measured/indicated and inferred metal counts. Market impact on spot gold (XAUUSD) is likely limited in the near term — the deposit size is small relative to global gold supply — but the higher price assumptions and stronger resource statements may boost mining-sector sentiment and investor interest in gold equities and M&A/JV activity, providing modest underlying support for gold prices over the medium term.