UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
SPECIALIZED DISCLOSURE REPORT
SEABRIDGE GOLD INC.
(Exact name of registrant as specified in its charter)
Canada | 001-32135 | |
(State or other jurisdiction of incorporation) | (Commission File Number) | |
106 Front Street East, Suite 400 | ||
Toronto, Ontario, Canada | M5A 1E1 | |
(Address of principal executive offices) | (Zip code) |
Christopher Reynolds (VP Finance and CFO), Seabridge Gold Inc., (416) 367-9292
(Name and telephone number, including area code, of person to contact in connection with this report)
Check the appropriate box to indicate the rule pursuant to which this form is being filed.
☐ | Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31,_________. |
☒ | Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023. |
SECTION 1 - CONFLICT MINERALS DISCLOSURE
Item 1.01 - Conflict Minerals Disclosure and Report
Not applicable
Item 1.02 - Exhibit
Not applicable
SECTION 2 - RESOURCE EXTRACTION ISSUER DISCLOSURE
Item 2.01 Resource Extraction Issuer Disclosure and Report
Seabridge Gold Inc. (the “Company”) is subject to Canada’s Extractive Sector Transparency Measures Act (“ESTMA”). The Company is relying on the alternative reporting provision of Item 2.01 and providing its ESTMA report for the year ended December 31, 2023 to satisfy the requirements of Item 2.01. The Company’s ESTMA report is available on the Company’s website at https://www.seabridgegold.com/investors/financial-reports or on the Government of Canada’s website at https://natural-resources.canada.ca/our-natural-resources/minerals-mining/services-for-the-mining-industry/extractive-sector-transparency-measures-act/links-estma-reports/18198 .. The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.
SECTION 3 - EXHIBITS
Item 3.01. Exhibits
The following exhibit is filed as part of this report.
Exhibit Number | Description | |
2.01 | Extractive Sector Transparency Measures Act - Annual Report for the year ended December 31, 2023 |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned.
SEABRIDGE GOLD INC. | September 20, 2024 |
(Date) |
By: | /s/ Chris Reynolds | |
Name: | Chris Reynolds | |
Title: | VP Finance and CFO |
2
Exhibit 2.01
Extractive Sector Transparency Measures Act - Annual Report |
|||||||
Reporting Entity Name |
Seabridge Gold Inc. | ||||||
Reporting Year |
From | 1/1/2023 | To: | 12/31/2023 | Date submitted | 5/29/2024 | |
Reporting Entity ESTMA Identification Number |
E450999 | Original Submission Amended Report |
|||||
Other Subsidiaries Included (optional field) |
|||||||
Not Consolidated |
|||||||
Not Substituted |
|||||||
Attestation by Reporting Entity |
|||||||
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above. |
|||||||
Full Name of Director or Officer of Reporting Entity | Christopher J.Reynolds | Date | 5/29/2024 | ||||
Position Title | VP Finance & CFO |
Extractive Sector Transparency Measures Act - Annual Report | |||||||||||
Reporting Year | From: | 1/1/2023 | To: | 12/31/2023 | |||||||
Reporting Entity Name | Seabridge Gold Inc. | Currency of the Report | CAD | ||||||||
Reporting Entity ESTMA Identification Number |
E450999 | ||||||||||
Subsidiary Reporting Entities (if necessary) |
|||||||||||
Payments by Payee | |||||||||||
Country |
Payee Name1 |
Departments,
Agency, etc… |
Taxes |
Royalties |
Fees |
Production Entitlements |
Bonuses |
Dividends |
Infrastructure Improvement Payments |
Total Amount paid to Payee |
Notes34 |
Canada -Northwest Territories |
Government of Northwest Territories |
Department of Finance |
140,000 |
140,000 |
Licence and permits (claim fees) | ||||||
Canada -British Columbia | Provincial Government of British Columbia |
Ministry of Finance | 530,000 | 530,000 | licence and permits fees and reportable taxes | ||||||
United States of America | United States Government | United States Bureau of Land Management | 240,000 | 240,000 | Licence and permits (claim fees) | ||||||
Additional Notes: |
US$183,315
payment to the United States Bureau of Land Management was converted at 1.3151 (C$240,000)
on June 26, 2023.
|
Extractive Sector Transparency Measures Act - Annual Report | ||||||||||
Reporting Year | From: | 1/1/2023 | To: | 12/31/2023 | ||||||
Reporting Entity Name | Seabridge Gold Inc. | Currency of the Report | CAD | |||||||
Reporting Entity ESTMA Identification Number |
E450999 | |||||||||
Subsidiary Reporting Entities (if necessary) |
||||||||||
Payments by Project | ||||||||||
Country |
Project Name1 |
Taxes |
Royalties |
Fees |
Production Entitlements |
Bonuses |
Dividends |
Infrastructure Improvement Payments |
Total Amount paid by Project |
Notes23 |
Canada -British Columbia | KSM | 500,000 | 500,000 | licence and permits fees and reportable taxes | ||||||
Canada -Northwest Territories | Courageous Lake | 140,000 | 140,000 | Licence
and permits (claim fees) | ||||||
United States of America | Snowstorm | 240,000 | 240,000 | Licence
and permits (claim fees) | ||||||
Additional Notes3: |
US$183,315 payment to the United States Bureau of Land Management was converted at 1.3151 (C$240,000) on June 26, 2023. The Company uses the foreign exchange rate in effect on the payment date to convert payments in currencies other than Canadian dollars.
|
1 | Enter the project that the payment is attributed to. Some payments may not be attributable to a specific project, and do not need to be disclosed in the "Payments by Project" table. |
2 | When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment. |
3 | Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the "Additional Notes" row or the "Notes" column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions. |
Document Information |
12 Months Ended |
---|---|
Dec. 31, 2023 | |
Document Information: | |
Document Type | 2.01 SD |
Amendment | false |
CIK | 0001231346 |
Registrant Name | SEABRIDGE GOLD INC |
Period End Date | Dec. 31, 2023 |
Reporting Currency | CAD |
Payments, by Category - CAD ($) |
Fees |
Total Payments |
---|---|---|
Total | $ 910,000 | $ 910,000 |
Payments, by Project - 12 months ended Dec. 31, 2023 - CAD ($) |
Fees |
Total Payments |
---|---|---|
Total | $ 910,000 | $ 910,000 |
KSM | ||
Total | 500,000 | 500,000 |
Courageous Lake | ||
Total | 140,000 | 140,000 |
Snowstorm | ||
Total | 240,000 | 240,000 |
Iskut | ||
Total | $ 30,000 | $ 30,000 |
Payments, by Government - 12 months ended Dec. 31, 2023 - CAD ($) |
Fees |
Total Payments |
---|---|---|
Total | $ 910,000 | $ 910,000 |
Government of Northwest Territories | ||
Total | 140,000 | 140,000 |
Provincial Government of British Columbia | ||
Total | 530,000 | 530,000 |
United States Government | ||
Total | $ 240,000 | $ 240,000 |
Payments, Details - 12 months ended Dec. 31, 2023 - CAD ($) |
Amount |
Type |
Country |
Govt. |
Project |
Resource |
Segment |
Ext. Method |
---|---|---|---|---|---|---|---|---|
#: 1 | ||||||||
$ 500,000 | Fees | CANADA | Provincial Government of British Columbia | KSM | Gold | Exploration Department | Underground Mining | |
#: 2 | ||||||||
30,000 | Fees | CANADA | Provincial Government of British Columbia | Iskut | Gold | Exploration Department | Underground Mining | |
#: 3 | ||||||||
140,000 | Fees | CANADA | Government of Northwest Territories | Courageous Lake | Gold | Exploration Department | Underground Mining | |
#: 4 | ||||||||
$ 240,000 | Fees | UNITED STATES | United States Government | Snowstorm | Gold | Exploration Department | Underground Mining |