Seabridge Gold, Inc. (SA)

NYSE: SA · Gold and Silver Ores · Toronto, ON · filing with the SEC since 2004

Full chart Alerts Compare

Grade3.4

◀ Past 4.1● Present 3.1▶ Future 2.7

3 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Seabridge Gold, Inc.

Nine metrics read from its own filings, by tense

Headline grade

3.4/10

◀ Past4.140% of the headline

● Present3.135% of the headline

▶ Future2.725% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 6 read as filed from the record and 3 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.1/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

6.0/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 60th percentile among 73 sector filers · read for itself

From the record

Seabridge Gold, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

1.1/10

What has it actually done, year after year?

-19.2% a year over 5 filed years; profitable in 1 of 5.

weight 33% of this tense · 12th percentile among 44 sector filers · read for its customers

From the record

Seabridge Gold, Inc.'s 5 filed years say what it did: revenue went from CAD 169 thousand in fiscal 2018 to CAD 72 thousand in fiscal 2022, down 19.2% a year; it rose in 0 of 4 years; the deepest fall was 57% from fiscal 2018 to fiscal 2022; net income was positive in 1 of 5 of those years (its annual reports).

What it rests on

revenue growth over the filed span-19.2%bottom 6% of its family
the share of years revenue rosebottom 4% of its family
the share of filed years with a profitbottom 19% of its family
the deepest fall from a revenue peak57.4%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

4.8/10

How has it treated the people who own it?

SI estimate 4.8/10, confidence 35 of 100 (one part).

weight 22% of this tense · 48th percentile among 63 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 48% of 63 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 63 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Seabridge Gold, Inc.'s shareholder treatment is put at 4.8 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 48% of 63 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.1/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

4.0/10

Is it financially healthy right now?

ROE -5%: lost 5¢ per shareholder dollar. Leverage 36%: owes 36¢ per asset dollar.

weight 45% of this tense · 40th percentile among 62 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Seabridge Gold, Inc. lost about 5 cents for every dollar of shareholders' money. Leverage: it owed about 36 cents per dollar of assets, and net share issuance: its share count grew 13.7% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 40% of its family
return on equitybottom 39% of its family
the share count against the year beforebottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

0.6/10

How strong is its position in its industry?

bottom 6% of 44 in its family; net margin -10269.4%.

weight 33% of this tense · 6th percentile among 44 sector filers · read for its customers

From the record

Seabridge Gold, Inc.'s standing among 44 graded names in its industry family: revenue of CAD 72 thousand in fiscal 2022 is not ranked by size, since the family reports in another currency; a net margin of -10269.4% ranks in the bottom 1%; revenue growth of -15.9% a year over the last 3 filed years ranks in the bottom 10% (its annual reports).

What it rests on

net margin-10269.4%bottom 1% of its family
three-year revenue growth-15.9%bottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.3/10

What are the people in charge doing?

SI estimate 5.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 16 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 16 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 16 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Seabridge Gold, Inc.'s leadership is put at 5.3 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 16 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

2.7/1025% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

SI estimate

4.1/10

How much room does it have to grow?

SI estimate 4.1/10, confidence 35 of 100 (one part).

weight 22% of this tense · 41st percentile among 65 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, cash less debt against assets, which ranks in the bottom 41% of 65 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read: The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned: one part: cash less debt against assets, the one part on file, ranked among 65 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Seabridge Gold, Inc.'s room to expand is put at 4.1 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the bottom 41% of 65 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed

2.9/10

What could actually drive growth from here?

bottom 29% of 41 in its family for growth drivers.

weight 33% of this tense · 29th percentile among 41 sector filers · read for its customers

From the record

Seabridge Gold, Inc.'s growth drivers, from the filed years to fiscal 2022: revenue grew -15.9% a year over the last three filed years against -19.2% over all 5, speeding up (top 44% of its family); the newest year grew -13.3% (bottom 6%); capital spending grew -8.4% a year (bottom 25%) (its annual reports). Seabridge Gold, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span+3.3 points a yeartop 44% of its family
the newest year's revenue growth-13.3%bottom 6% of its family
three-year growth of capital spending-8.4%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

1.8/10

Did its newest year beat what its own record pointed to?

bottom 18% of 38 in its family for expectations against reality.

weight 45% of this tense · 18th percentile among 38 sector filers · read for its shareholders

From the record

Seabridge Gold, Inc.'s newest year against its own record: revenue of CAD 72 thousand in fiscal 2022 came in 4.7% above the CAD 69 thousand its prior three years' pace pointed to (bottom 28% of its family); net income of CAD 7 million against a prior three-year average of CAD 9 million (bottom 23%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 4%) (its annual reports).

What it rests on

revenue against the prior three years' pace4.7%bottom 28% of its family
net income against the prior three years' average+14%bottom 23% of its family
net margin against its prior averagedown more than 100 pointsbottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton SA · research, not advice