Seabridge Gold Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	103.1	49.82	82.44	46.15	11.52	17.53
Short-Term Investments	8.18	5.4	3.75	85.39	32.61	23.73
Cash & Short-Term Investments	111.29	55.22	86.19	131.54	44.13	41.26
Cash Growth	97.91%	-35.93%	-34.48%	198.05%	6.97%	158.86%
Other Receivables	6.83	1.31	4.49	4.25	1.7	2.79
Receivables	6.83	1.31	4.49	4.88	1.7	2.79
Prepaid Expenses	6.81	1.62	3.27	3.97	8.33	2.18
Total Current Assets	124.92	58.15	93.95	140.39	54.16	46.23
Property, Plant & Equipment	1,388	1,251	1,128	881.5	662.28	591.68
Long-Term Investments	1.3	0.91	1.25	1.39	2.43	2.61
Other Long-Term Assets	192.54	142.25	127.3	72.35	28.27	6.77
Total Assets	1,707	1,453	1,351	1,096	747.74	647.82
Accounts Payable	7.72	8.53	27.3	15.69	10.19	2.52
Accrued Expenses	25	-	-	-	-	-
Current Portion of Leases	0.34	0.35	0.37	0.51	0.09	0.04
Current Unearned Revenue	-	6.94	5.54	4.18	1.37	2.28
Other Current Liabilities	8.69	4.51	6.19	31.61	5.66	5.35
Total Current Liabilities	41.75	20.32	39.41	51.99	17.3	10.19
Long-Term Debt	583.14	562.55	573.89	263.54	-	-
Long-Term Leases	0.96	1	1.06	1.12	0.18	0.21
Long-Term Deferred Tax Liabilities	23.32	20.3	-	31.93	23.16	19.03
Other Long-Term Liabilities	1	5.54	6.68	6.5	4.76	3.66
Total Liabilities	650.17	609.72	621.04	355.09	45.41	33.1
Common Stock	1,275	1,052	934.61	856.46	809.27	704.6
Additional Paid-In Capital	39.48	39.48	39.48	36.16	36.13	36.09
Retained Earnings	-227.28	-217.89	-186.64	-157.38	-149.98	-150.88
Comprehensive Income & Other	-30.66	-30.33	-57.53	5.29	6.92	24.91
Shareholders' Equity	1,057	843.02	729.92	740.53	702.33	614.72
Total Liabilities & Equity	1,707	1,453	1,351	1,096	747.74	647.82
Total Debt	584.44	563.9	575.32	265.17	0.27	0.25
Net Cash (Debt)	-473.15	-508.68	-489.14	-133.63	43.86	41.01
Net Cash Growth	-	-	-	-	6.95%	161.80%
Net Cash Per Share	-4.85	-5.73	-5.89	-1.67	0.57	0.62
Filing Date Shares Outstanding	104.35	100.22	86.85	81.64	79.63	74.81
Total Common Shares Outstanding	103.84	91.91	86.11	81.34	78.98	74.16
Working Capital	83.17	37.83	54.54	88.39	36.86	36.04
Book Value Per Share	10.18	9.17	8.48	9.10	8.89	8.29
Tangible Book Value	1,057	843.02	729.92	740.53	702.33	614.72
Tangible Book Value Per Share	10.18	9.17	8.48	9.10	8.89	8.29
Construction In Progress	332.67	277.98	198.07	121.2	27.06	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.