Seabridge Gold Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	117.53	49.82	82.44	46.15	11.52
Short-Term Investments	8.75	5.4	3.75	85.39	32.61
Cash & Short-Term Investments	126.28	55.22	86.19	131.54	44.13
Cash Growth	128.69%	-35.93%	-34.48%	198.05%	6.97%
Other Receivables	2.71	1.31	4.49	4.25	1.7
Receivables	2.71	1.31	4.49	4.88	1.7
Prepaid Expenses	1.77	1.62	3.27	3.97	8.33
Other Current Assets	83.39	-	-	-	-
Total Current Assets	214.15	58.15	93.95	140.39	54.16
Property, Plant & Equipment	1,348	1,251	1,128	881.5	662.28
Long-Term Investments	1.07	0.91	1.25	1.39	2.43
Long-Term Deferred Tax Assets	12.41	-	-	-	-
Other Long-Term Assets	192.54	142.25	127.3	72.35	28.27
Total Assets	1,768	1,453	1,351	1,096	747.74
Accounts Payable	13.05	7.61	27.3	15.69	10.19
Current Portion of Leases	0.37	0.35	0.37	0.51	0.09
Current Unearned Revenue	-	6.94	5.54	4.18	1.37
Other Current Liabilities	27.47	5.42	6.19	31.61	5.66
Total Current Liabilities	40.88	20.32	39.41	51.99	17.3
Long-Term Debt	598.52	562.55	573.89	263.54	-
Long-Term Leases	1.07	1	1.06	1.12	0.18
Long-Term Deferred Tax Liabilities	-	20.3	-	31.93	23.16
Other Long-Term Liabilities	2.41	5.54	6.68	6.5	4.76
Total Liabilities	642.88	609.72	621.04	355.09	45.41
Common Stock	1,378	1,052	934.61	856.46	809.27
Additional Paid-In Capital	39.48	39.48	39.48	36.16	36.13
Retained Earnings	-271.06	-217.89	-186.64	-157.38	-149.98
Comprehensive Income & Other	-21.22	-30.33	-57.53	5.29	6.92
Shareholders' Equity	1,125	843.02	729.92	740.53	702.33
Total Liabilities & Equity	1,768	1,453	1,351	1,096	747.74
Total Debt	599.96	563.9	575.32	265.17	0.27
Net Cash (Debt)	-473.68	-508.68	-489.14	-133.63	43.86
Net Cash Growth	-	-	-	-	6.95%
Net Cash Per Share	-4.69	-5.73	-5.89	-1.67	0.57
Filing Date Shares Outstanding	107.37	100.22	86.85	81.64	79.63
Total Common Shares Outstanding	106.55	91.91	86.11	81.34	78.98
Working Capital	173.27	37.83	54.54	88.39	36.86
Book Value Per Share	10.56	9.17	8.48	9.10	8.89
Tangible Book Value	1,125	843.02	729.92	740.53	702.33
Tangible Book Value Per Share	10.56	9.17	8.48	9.10	8.89
Construction In Progress	355.15	277.98	198.07	121.2	27.06

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.