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Also traded in: Canada, Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash-to-Debt No Debt
SA's Cash-to-Debt is ranked higher than
99% of the 1545 Companies
in the Global Gold industry.

( Industry Median: 291.20 vs. SA: No Debt )
Ranked among companies with meaningful Cash-to-Debt only.
SA' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.25  Med: No Debt Max: No Debt
Current: No Debt
Piotroski F-Score: 2
Altman Z-Score: 18.57
WACC vs ROIC
2.90%
-3.54%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
ROE % -2.17
SA's ROE % is ranked higher than
65% of the 1395 Companies
in the Global Gold industry.

( Industry Median: -10.31 vs. SA: -2.17 )
Ranked among companies with meaningful ROE % only.
SA' s ROE % Range Over the Past 10 Years
Min: -10.21  Med: -5.16 Max: 9.99
Current: -2.17
-10.21
9.99
ROA % -2.01
SA's ROA % is ranked higher than
66% of the 1566 Companies
in the Global Gold industry.

( Industry Median: -9.58 vs. SA: -2.01 )
Ranked among companies with meaningful ROA % only.
SA' s ROA % Range Over the Past 10 Years
Min: -9.76  Med: -4.84 Max: 9.34
Current: -2.01
-9.76
9.34
ROC (Joel Greenblatt) % -3.03
SA's ROC (Joel Greenblatt) % is ranked higher than
65% of the 1487 Companies
in the Global Gold industry.

( Industry Median: -13.76 vs. SA: -3.03 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
SA' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -13.05  Med: -6.02 Max: 5.95
Current: -3.03
-13.05
5.95
3-Year EBITDA Growth Rate -15.40
SA's 3-Year EBITDA Growth Rate is ranked higher than
64% of the 1105 Companies
in the Global Gold industry.

( Industry Median: -18.10 vs. SA: -15.40 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
SA' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -34.3  Med: 23.9 Max: 90.1
Current: -15.4
-34.3
90.1
3-Year EPS without NRI Growth Rate -23.50
SA's 3-Year EPS without NRI Growth Rate is ranked lower than
57% of the 990 Companies
in the Global Gold industry.

( Industry Median: -20.60 vs. SA: -23.50 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
SA' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -23.5  Med: -4.85 Max: 65.8
Current: -23.5
-23.5
65.8
GuruFocus has detected 1 Warning Sign with Seabridge Gold Inc $SA.
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» SA's 30-Y Financials

Financials (Next Earnings Date: 2017-08-11 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

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Guru Trades

Q2 2016

SA Guru Trades in Q2 2016

Jim Simons 166,500 sh (+7.56%)
Chuck Royce 282,000 sh (unchged)
Arnold Van Den Berg 1,724,872 sh (-4.36%)
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Q3 2016

SA Guru Trades in Q3 2016

Chuck Royce 282,000 sh (unchged)
Jim Simons Sold Out
Arnold Van Den Berg 1,699,042 sh (-1.50%)
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Q4 2016

SA Guru Trades in Q4 2016

Jim Simons 51,400 sh (New)
Chuck Royce Sold Out
Arnold Van Den Berg 1,646,631 sh (-3.08%)
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Q1 2017

SA Guru Trades in Q1 2017

Jim Simons 66,700 sh (+29.77%)
Arnold Van Den Berg 1,598,207 sh (-2.94%)
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Business Description

Industry: Metals & Mining » Gold    NAICS: 212221    SIC: 611
Compare:OTCPK:RMGGF, OTCPK:NMKTF, AMEX:SAND, OTCPK:PAFRF, OTCPK:SEMFF, OTCPK:GUYFF, NYSE:RIC, OTCPK:ELKMF, OTCPK:ALIAF, OTCPK:PIRGF, AMEX:AKG, OTCPK:ICGQF, AMEX:GSV, OTCPK:DPMLF, OTCPK:WDOFF, OTCPK:ARNGF, OTCPK:DRLDF, OTCPK:HRTFF, AMEX:GSS, OTCPK:EROFF » details
Traded in other countries:SEA.Canada, SRM.Germany,
Headquarter Location:Canada
Seabridge Gold Inc is engaged in the acquisition and exploration of gold properties in North America. It owns five properties with gold resources through its KSM Project, its Courageous Lake Project and its newly acquired Iksut Property.

Seabridge Gold Inc was incorporated under the Company Act (British Columbia) on September 14, 1979. The Company engaged in the acquisition and exploration of gold properties located in North America. The Company owns five properties with gold resources and its material properties are its KSM Project and its Courageous Lake Project and its newly acquired Iksut Property. The KSM Project has completed a joint harmonized environmental assessment review as outlined by the British Columbia Environmental Assessment Act and the Canadian Environmental Assessment Act. The current focus of work at Courageous Lake is to improve its economics by adding higher grade resources and extending mine life. The Company holds a 100% interest in each of its properties, however, each of the Quartz Mountain, Red Mountain and Castle Black Rock projects are subject to option agreements under which the option may acquire a 100% interest in such project.

Top Ranked Articles about Seabridge Gold Inc

Seabridge Gold Confirms Transfer of Red Mountain Claims to IDM Mining
Seabridge Gold Files First Quarter Financial Statements and MD&A
Seabridge Gold Publishes 2016 Annual Report
Seabridge Gold Announces Closing of $15.7 Million Bought Deal Public Offering of Common Shares
Seabridge Saddened to Report the Death of a Director
Seabridge Gold Has Filed 2016 Year End Audited Financial Statements and MD&A on Form 40-F with SEC
Southern Arc to Vend Southern Arc Minerals Japan KK Into Sky Ridge Resources Ltd. and Become Largest Shareholder of New Japan-Focused Exploration Company

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 6, 2016) - Southern Arc Minerals (TSX VENTURE:SA) ("Southern Arc" or "the Company") is pleased to announce that the Company has signed a letter of intent effective July 4, 2016 pursuant to which the Company has agreed to sell its wholly-owned subsidiary, Southern Arc Minerals Japan KK ("SAMJ"), to Sky Ridge Resources Ltd. ("Sky Ridge") (the "Acquisition"). SAMJ has filed 80 mineral prospecting rights license applications in Japan (the "Japan Licenses"). Highlights:

Launch of Japan Gold Corp., the first foreign mineral exploration company to focus solely on Japan
80 mineral prospecting license applications across eight distinct projects prospective for gold and porphyry mineralization, including several historical high-grade gold mines
Experienced management team and Board of Directors
Proposed $5 million financing at $0.20 to undertake exploration and advance the properties

In exchange for its ownership in SAMJ, Southern Arc will receive 50,000,000 pre-Consolidation (as defined below) common shares of Sky Ridge. In connection with the proposed Acquisition, Sky Ridge intends to complete a private placement financing involving the issuance of 25,000,000 pre-Consolidation common shares at a price of $0.20 per share, for gross proceeds of $5,000,000 (the "Concurrent Financing"). Sky Ridge intends to change its name to "Japan Gold Corp." upon completion of the Acquisition. Sky Ridge is an arm's length company listed on the NEX Board of the TSX Venture Exchange ("TSX-V") under the symbol "SYR.H". Sky Ridge's current capital structure consists of 17,128,107 common shares, 1,639,663 common share purchase stock options and 7,600,000 common share purchase warrants. Following completion of the Acquisition and the Concurrent Financing, Sky Ridge intends to consolidate its share capital on a one-for-two basis (the "Consolidation"). Southern Arc will hold approximately 49% of Sky Ridge on a fully diluted basis and be the largest shareholder following completion of the Acquisition and the Concurrent Financing. "Japan Gold Corp. will be the first foreign (international) mineral exploration company to be solely focused on advancing gold opportunities in Japan," said John Proust, Chairman and Chief Executive Officer of Southern Arc. "This Acquisition assembles the Board experience and capital required to undertake a substantial exploration program to rapidly advance the Japan Licenses. This is a unique and exciting opportunity for Southern Arc as the largest shareholder of this promising new venture." Following completion of the Acquisition, it is contemplated that Sky Ridge's Board of Directors will be reconstituted such that it then consists of the following seven members: John Proust, Dr. Michael Andrews, Robert Gallagher, John Carlile, Tao Feng, and two more appointees that are acceptable to both Southern Arc and Sky Ridge. A short biography for each named Director is provided at the end of this news release. In addition, it is contemplated that John Proust, Chairman and Chief Executive Officer of Southern Arc, will become the Chairman and Chief Executive Officer of Sky Ridge, and that Dr. Michael Andrews, President, Chief Operating Officer and a Director of Southern Arc, will become the Chief Operating Officer of Sky Ridge. "Southern Arc, as a project generator, continues to identify undervalued or underexplored assets, acquires large prospective land positions, and then seeks out funding partners to advance the properties while minimizing Southern Arc's risk," continued Mr. Proust. "As the largest shareholder of Japan Gold Corp., and with active participation on the Executive Team and the Board of Directors, Southern Arc will continue to leverage its expertise in Japan by leading the exploration program and growing Japan Gold Corp. for the benefit of shareholders." Closing of the Acquisition is subject to a number of conditions including entering into definitive agreements, consolidation of Sky Ridge's share capital on a one-for-two, completion of the Concurrent Financing, receipt of all required shareholder, regulatory and third party consents, including TSX-V approval, and the satisfaction of other customary closing conditions. The Acquisition cannot close until the required approvals are obtained. There can be no assurance that the Acquisition will be completed as proposed or at all. Under the policies of the NEX Board and the TSX Venture Exchange ("TSX-V"), the Acquisition will constitute a reverse takeover of Sky Ridge by Southern Arc. Trading in the common shares of Sky Ridge will remain halted pending further filings with the TSX-V. About the Japan Licenses The Tertiary volcanic arc terrains of Japan host 76 known past-producing gold mines and five one-million-plus-ounce gold deposits.1 These include one of the world's highest-grade gold mines, the Hishikari Mine on Kyushu Island, which has been in production since 1985. The Hishikari Mine had produced 210.2 tons (more than 6 million ounces) of gold as of March 2014 and continues to produce more than 200,000 ounces of gold per year at a grade averaging 40 g/t gold.2 Management considers Japan to be largely underexplored, despite a history of significant gold production and known mineral occurrences. Southern Arc's leadership team has long recognized Japan's prospectivity for gold, silver and copper. When Japan's mining laws were changed in 2012 to re-activate the mining industry, Southern Arc moved quickly to review historical data and identify key exploration targets and was the first foreign exploration company to apply for prospecting licenses. Based on a desktop review of historical gold production and Japan's extensive geoscientific database, Southern Arc pinpointed areas that are very compelling from a geological perspective. Southern Arc initially lodged 38 contiguous exploration applications in northern Hokkaido targeting high-grade epithermal gold deposits. Subsequently, Southern Arc lodged another 42 prospecting rights license applications throughout Hokkaido and northern Honshu targeting three other prospective epithermal gold areas and four areas of gold-bearing advanced argillic alteration lithocaps, which could indicate the presence of a porphyry mineral environment. The combined area under application by SAMJ currently comprises 27,153 hectares over the eight project areas (Figure 1: http://media3.marketwire.com/docs/SA76.jpg). All 80 of the prospecting rights license applications have been accepted for further government review, reserving the land for SAMJ and allowing low impact forms of exploration to immediately commence, such as mapping, surface sampling and geophysics. SAMJ has completed an extensive review of the Metal Mining Agency of Japan database, which includes detailed and relevant information about historical drilling results and mine production. Field work to date has comprised mostly confirmatory checking of historical mine works and MMAJ alteration mapping, with a focus on the lithocap/porphyry targets. Ikutawara is SAMJ's most advanced project (Figure 1), with some mapping/sampling and orientation ground magnetics completed in 2015. The Ikutawara applications host numerous historical gold workings including the Kitano-o mine, which has recorded production of 96,450 ounces of gold between 1924 and 1943 from sinterous and sub-sinter quartz veins.3 SAMJ has located several high-priority exploration targets which require varying levels of work to focus drilling. Upon receipt of the prospecting licenses, SAMJ intends to commence with trenching and drilling at the Ikutawara targets while continuing with preliminary exploration on the other projects. Japan is considered one of the most stable and corruption-free jurisdictions in the world. The mining regulatory framework is well established and transparent, with easy access to government officials and a comprehensive support program to facilitate stakeholder consultation. SAMJ deliberately chose applications in sparsely populated areas with a history of mining, and has received strong local support to date. The technical information in this news release has been reviewed by Southern Arc's President & Chief Operating Officer, Dr. Mike Andrews, PhD, FAusIMM, who is a Qualified Person as defined by National Instrument 43-101. 1 Konomai Mine: 2.1 Moz, Sado Mine: 2.2 Moz, Kushikino Mine: 1.6 Moz, Taio Mine: 1.0 Moz, Hishikari Mine: 7.6 Moz. Data collected from the Metal Mining Agency of Japan database. 2 Metal Mining Agency of Japan database and Sumitomo Metal Mining Co., Ltd. website. 3 Metal Mining Agency of Japan database. Proposed Japan Gold Board of Directors and Executive Team The proposed Japan Gold Board of Directors will bring decades of technical and business experience to the company, with a proven track record of growing resource companies from grassroots exploration through to production. John Proust, CDir

Chairman & CEO, Director

John Proust has successfully managed, directed and advised public and private companies regarding debt and equity financing, mergers and acquisitions and corporate restructuring since 1986, and has served on the boards and held senior operating positions with numerous private and TSX Venture Exchange listed companies. Mr. Proust is currently Chairman and CEO of Southern Arc Minerals, Chairman and a Director of Canada Energy Partners, Chairman and CEO of CarbonOne Technologies, and Interim President & CEO and a Director of Outrider Energy. Mr. Proust has extensive experience in corporate governance, is a graduate of The Directors College, Michael G. De Groote School of Business at McMaster University and holds the designation of Chartered Director. Dr. Michael Andrews, PhD, FAusIMM

President and COO, Director

Mike Andrews is a geologist with nearly 40 years of research and mining industry experience in gold, copper, coal and iron exploration. He holds an honours degree in Geology from the University of Reading, and a doctorate in exploration geochemistry from the University of Wales. Dr. Andrews is currently President and Chief Operating Officer of Southern Arc Minerals. He was a founding director of Kingsrose Mining and played an instrumental role in the discovery, exploration, feasibility and development of its Way Linggo Gold Mine in Indonesia. Dr. Andrews also held the positions of executive director and chief geologist of AuIron Energy Ltd., Director of Gold Operations for Meekatharra Minerals Ltd., and managed the Teck-MM Gold Indonesian Joint Venture, an exploration portfolio of thirteen gold and copper projects in Indonesia. He also held senior exploration positions with Ashton Mining Ltd, Aurora Gold Ltd and Muswellbrook Energy and Minerals Ltd. Robert Gallagher, BApSc

Director

Bob Gallagher has worked in the mining industry for over 32 years. Mostly recently, he was President, CEO and a Director of New Gold Inc., an intermediate gold producer with projects on three continents, from 2008 until retiring in June 2016. Prior to the merger of Peak Gold, Mettalica, and New Gold, Mr. Gallagher was the President and CEO of Peak Gold. Previously, he spent 15 years with Placer Dome Inc. and seven years with Newmont Mining Corporation, most recently as Vice President Operations, Newmont Asia Pacific. During his time at Newmont, Mr. Gallagher oversaw the development of the Batu Hijau Mine, the billion-ton, world-class copper-gold mine located in Indonesia. Mr. Gallagher has extensive knowledge of the development and operation of large-scale mining projects, coupled with his experience in all aspects of the Indonesian mining industry. John Carlile, BSc, MSc, FAusIMM

Director

John Carlile is a geologist with more than 35 years of experience in the resource industry. Mr. Carlile has held senior executive and director positions with both major and junior resource companies, including as President of Indonesian and Philippines subsidiaries of Newcrest Mining Limited. As a geologist, Mr. Carlile has a proven track record of mineral discovery and business building in Asia, most notably as Exploration Manager, Asia for Newcrest Mining Limited when it discovered its Gosowong mine. Mr. Carlile has served on the boards of several resource companies, and currently holds the position of director for Southern Arc Minerals, Equator Gold and Arc Exploration Limited. He holds a BSc in Geology from University of Reading, England, and an MSc in Mineral Exploration from the Royal School of Mines, Imperial College, University of London. Mr. Carlile is a Fellow of the AusIMM and a Fellow of the Geological Society of London. Tao Feng, MSc, PhD (Statistics)

Director

Tao Feng is a founding partner of NewMargin Ventures, a Chinese investment fund with approximately US$3 billion under management. Founded in 1999, NewMargin Ventures was the first venture capital management company in China to manage and advise both domestic and offshore funds. To date NewMargin Ventures has invested more than US$1.7 billion in approximately 160 companies, and has invested in more than 30 IPO companies. Mr. Feng received his Masters and Doctorate in Statistics from the University of Alberta and the University of Victoria, respectively. Mr. Feng has been frequently acknowledged as one of China's top investment managers, with inclusion in Fortune Magazine's "Top 25 Next Generation Global Leaders" in 2001, ranking as one of Time Magazine's "Top 5 Rainmakers in China's Investment Community" in 2005, and ranking in the top five of Forbes' "Top 50 Venture Capital Investors in China" from 2009 to 2015. Dr. Kotaro Ohga, PhD

Chief Engineer, Japan

Kotaro Ohga held the position of Associate Professor at Hokkaido University in the Graduate School of Engineering. With a PhD in Mining Engineering, Dr. Ohga has extensive experience with permitting and drill programs in Japan, with a particular focus in coal bed methane. As Southern Arc's Chief Engineer for its Japanese projects, Dr. Ohga is the main point of contact between Southern Arc and the Japanese Government, offering invaluable insight and expertise as Southern Arc advances its properties. Andrew Rowe, BSc, MAusIMM

Japan Country Manager

Andrew Rowe joined Southern Arc in 2006 as a Senior Geological Consultant and was soon promoted to Chief Geologist and then Executive Vice President, leading Southern Arc's exploration programs from grassroots exploration through to completion of the first resource estimate at the Company's West Lombok Project. Mr. Rowe planned and implemented large-scale exploration programs, managing both the technical and administrative aspects of the projects. Mr. Rowe briefly left Southern Arc in December 2014, and then rejoined the Company as a consultant in August 2015 to continue with Southern Arc's exploration projects in Japan. Mr. Rowe graduated with a Bachelor of Applied Science degree in Geology from the University of Technology, Sydney, Australia. He is a Member of the Australasian Institute of Mining and Metallurgy and a Fellow of the Society of Economic Geologists. Mr. Rowe has experience in mineral exploration and project management in Australia and various countries in Southeast Asia including Thailand, Indonesia, Mongolia, China and Laos. During this time he held exploration positions with Renison Goldfields, Normandy Anglo Asia, Phelps Dodge, Aurora Gold and Ivanhoe Mines. Immediately prior to joining Southern Arc he was the principal geologist for Pan Australian Resources Ltd (Laos) and part of the team responsible for successfully bringing the Phu Kham Cu-Au porphyry deposit through to bankable feasibility. On behalf of the Board of Southern Arc Minerals Inc., John Proust Chairman & CEO, Director About Southern Arc Southern Arc Minerals Inc. is a Canadian mineral exploration company focused on gold and copper-gold exploration. The Company holds an interest in the West Lombok project in Indonesia, a resource-stage property with several gold-rich copper porphyry and epithermal gold vein prospects. Southern Arc also holds an investment in Osisko Mining Inc., which is advancing a number of gold projects in Canada's Abitibi Gold Belt, including the high-grade Windfall Lake Gold Project in Quebec, Canada. In addition, Southern Arc has applied for 80 prospecting rights licenses in Japan in an area with known gold occurrences and a history of mining. More information is available at www.southernarcminerals.com. Cautionary Note Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, the uncertainties resulting from potential delays or changes in plans, the uncertainties resulting from working in a new political jurisdiction, the occurrence of unexpected events, the Company's ability to complete the Acquisition, and the Company's capability to execute and implement future plans. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.





Southern Arc Contact
Rhylin Bailie
Vice President, Communications & Investor Relations
604-609-6147
[email protected]




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SnipGold Shareholders Overwhelmingly Approve Arrangement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 15, 2016) - Seabridge Gold Inc. (TSX:SEA)(NYSE:SA) ("Seabridge") and SnipGold Corp. (TSX VENTURE:SGG) ("SnipGold") are pleased to announce that SnipGold held its annual general and special meeting of shareholders earlier today, and that the previously announced statutory arrangement (the "Arrangement") involving Seabridge and SnipGold was overwhelmingly approved by SnipGold's shareholders. Approximately 76% of SnipGold's shares were represented at the meeting in person or by proxy. 98.41% of the shares represented at the meeting were voted in favour of the Arrangement and 98.30% of the shares represented by "minority" shareholders (shareholders other than SnipGold's CEO and his related parties and joint actors, as required by applicable securities laws) were voted in favour of the Arrangement. Shareholders also approved all other matters presented at the meeting, including the proposed option extension. Pursuant to the Arrangement, SnipGold shareholders will receive 1/63rd of a common share of Seabridge for each common share of SnipGold held. SnipGold will apply for a final order approving the Arrangement in the Supreme Court of British Columbia on June 17, 2016. If all conditions specified in the Arrangement Agreement are satisfied or waived, it is anticipated that the Arrangement will become effective on or about June 21, 2016. About SnipGold Corp. SnipGold Corp. (formerly Skyline Gold Corporation) is a Canadian exploration company focused on exploration in the Golden Triangle Area of northwestern B.C. SnipGold's primary asset is a contiguous block of ground in excess of 286 sq km in size which has been consolidated through a series of transactions that began in 2005. The consolidated land package has undergone intermittent exploration with the majority of the work carried out in the late 1980s and early 1990s. This early work was undertaken by over 30 independent operators and their efforts have highlighted numerous targets which have seen little to no follow up work in the past 20 years. About Seabridge Gold Inc. Seabridge's principal assets are the 100% owned KSM property located near Stewart, British Columbia, and the 100% owned Courageous Lake gold project located in the Northwest Territories. For a breakdown of Seabridge's mineral resources by project and resource category please visit the company's website at www.seabridgegold.net. On Behalf of the Board of Directors, SnipGold Corp. Patrick Soares, Chairman of the Board On behalf of the Board of Directors, Seabridge Gold Inc. Rudi Fronk, Chairman and Chief Executive Officer NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE Forward-Looking Information Disclaimer This release contains certain "forward-looking information" under applicable Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 concerning the events and transactions contemplated by the Arrangement Agreement. Forward-looking information and forward looking statements (herein "forward-looking information") reflect SnipGold's and Seabridge's current internal expectations or beliefs and is based on information currently available to the two companies and includes statements with respect to the effective date of the Arrangement. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Assumptions upon which such forward-looking information is based include, among others, that the conditions to closing of the Arrangement will be satisfied, that the transactions contemplated by the Arrangement Agreement will be completed on the terms set out the Arrangement Agreement, that all required regulatory, court and governmental approvals will be obtained on a timely basis, and that the business prospects and opportunities of each of the companies will proceed as anticipated. Many of these assumptions are based on factors and events that are not within the control of SnipGold or Seabridge, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially from those predicted herein include, without limitation: that the Arrangement will not be completed at all or on the terms less favourable to one party or the other, that required regulatory or court approvals will not be obtained and that the business prospects and opportunities of each of the companies will not proceed as anticipated. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding (and the risk of inadequate insurance or inability to obtain insurance to cover these risks), as well as the risks disclosed by Seabridge and SnipGold in their respective filings on SEDAR at www.sedar.com. Forward-looking information is not a guarantee of future performance and actual results and future events could differ materially from those discussed in any such forward-looking information. All of the forward-looking information contained in this news release is qualified by these cautionary statements. Readers cannot be assured that actual results will be consistent with such statements. The Arrangement may not be completed on the terms described above, or at all. Accordingly, readers are cautioned against placing undue reliance on any of the forward-looking information contained herein. SnipGold and Seabridge expressly disclaim any intention or obligation to update or revise any forward-looking information in this news release, whether as a result of new information, events or otherwise, except as required by applicable securities laws.





SnipGold Corp.
Patrick Soares
604.681.3989




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ISS and Glass Lewis Recommend SnipGold Shareholders Vote FOR Arrangement with Seabridge

TORONTO, ONTARIO--(Marketwired - Jun 6, 2016) - Seabridge Gold Inc. (TSX:SEA)(NYSE:SA) ("Seabridge") and SnipGold Corp. (TSX VENTURE:SGG) ("SnipGold") are pleased to announce that ISS Proxy Advisory Services ("ISS") and Glass, Lewis & Co. ("Glass Lewis") have both recommended that SnipGold's shareholders vote FOR the resolution to approve a statutory arrangement (the "Arrangement") through which Seabridge will acquire all of the issued and outstanding common shares of SnipGold. The resolution will be considered at the upcoming Annual General and Special Meeting of SnipGold's shareholders to be held on Wednesday, June 15, 2016 at 10th Floor, 595 Howe Street, Vancouver, British Columbia at 10:00 a.m. (Pacific Time). ISS and Glass Lewis are independent proxy advisory firms which, among other services, provide proxy voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders. Seabridge Gold Chairman and CEO Rudi Fronk noted that Seabridge plans to begin work on SnipGold's Iskut Project immediately after the proposed Arrangement is approved by SnipGold's shareholders and it is effective. "We are anxious to get going. We have raised financing for a program that includes $3 million of drilling at the Iskut Property this summer. We are targeting opportunities identified by SnipGold, further definition of existing resources and new targets that reflect our understanding of Iskut's geology which clearly resembles what we have been exploring intensively at KSM for the past 10 years. Our primary focus will be the property's high-grade gold potential similar to its historical production. We will also be assessing and interpreting the wealth of historical data to refine the property's many other targets. At the same time, we intend to begin implementing a robust environmental program to remediate the effects of historical production." The Arrangement Pursuant to the Arrangement it is proposed that Seabridge will acquire each outstanding common share of SnipGold for 1/63rd of a Seabridge share. The Arrangement has been unanimously approved by SnipGold's board of directors and the board has recommended that SnipGold shareholders vote in favour of the Arrangement. Details of the Arrangement are disclosed in SnipGold's information circular, which is available on its website at www.snipgoldcorp.com and on its SEDAR profile at www.sedar.com Voting Shareholders are reminded to vote their proxy prior to the proxy voting deadline of Monday, June 13, 2016 at 10:00 a.m. (Pacific Time). Due to the approach of the voting deadline, shareholders are urged to vote today using one of the alternatives below. Registered Shareholders: Shareholders who have physical certificates representing SnipGold shares may vote by telephone or via the internet. To vote by telephone call 1-866-732-8683 from a touch tone phone. When prompted, enter your Control Number listed on the proxy and follow the voting instructions. To vote via the internet, go to www.investorvote.com and enter your Control Number listed on the proxy and follow the voting instructions on the screen. If you vote by telephone or via the internet, do not complete or return the form of proxy. Beneficial Shareholders: Shareholders who hold their shares through a broker or other intermediary may vote via the internet at www.proxyvote.com or follow the other instructions found on their voting instruction form. Shareholders who have any questions about the information contained in the information circular or require assistance with voting should contact SnipGold's Proxy Solicitor, Laurel Hill Advisory Group, toll-free at 1-877-452-7184 or send an email to [email protected]. About SnipGold Corp. SnipGold Corp. (formerly Skyline Gold Corporation) is a Canadian exploration company focused on exploration in the Golden Triangle Area of northwestern B.C. SnipGold's primary asset is a contiguous block of ground in excess of 286 sq km in size which has been consolidated through a series of transactions that began in 2005. The consolidated land package has undergone intermittent exploration with the majority of the work carried out in the late 1980s and early 1990s. This early work was undertaken by over 30 independent operators and their efforts have highlighted numerous targets which have seen little to no follow up work in the past 20 years. About Seabridge Gold Inc. Seabridge's principal assets are the 100% owned KSM property located near Stewart, British Columbia, and the 100% owned Courageous Lake gold project located in the Northwest Territories. For a breakdown of Seabridge's mineral resources by project and resource category please visit the company's website at www.seabridgegold.net. On Behalf of the Board of Directors

SnipGold Corp. Patrick Soares, Chairman of the Board On Behalf of the Board of Directors

Seabridge Gold Inc. Rudi Fronk, Chairman and Chief Executive Officer NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE Forward-Looking Information Disclaimer This release contains certain "forward-looking information" under applicable Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 concerning the events and transactions contemplated by the Arrangement Agreement. Forward-looking information and forward looking statements (herein "forward-looking information") reflect SnipGold's and Seabridge's current internal expectations or beliefs and is based on information currently available to the two companies and includes statements with respect to the plan to begin an exploration program and an environmental program at SnipGold's Iskut Property immediately after the Arrangement is approved by shareholders and is effective. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Assumptions upon which such forward-looking information is based include, among others, that the conditions to closing of the Arrangement will be satisfied, that the transactions contemplated by the Arrangement Agreement will be completed on the terms set out the Arrangement Agreement, that all required regulatory, security holder, court and governmental approvals will be obtained on a timely basis, and that the business prospects and opportunities of each of the companies will proceed as anticipated. Many of these assumptions are based on factors and events that are not within the control of SnipGold or Seabridge, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially from those predicted herein include, without limitation: that the Arrangement will not be completed at all or on the terms less favourable to one party or the other, that required regulatory, security holder or court approvals will not be obtained and that the business prospects and opportunities of each of the companies will not proceed as anticipated. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding (and the risk of inadequate insurance or inability to obtain insurance to cover these risks), as well as the risks disclosed by Seabridge and SnipGold in their respective filings on SEDAR at www.sedar.com. Forward-looking information is not a guarantee of future performance and actual results and future events could differ materially from those discussed in any such forward-looking information. All of the forward-looking information contained in this news release is qualified by these cautionary statements. Readers cannot be assured that actual results will be consistent with such statements. The Arrangement may not be completed on the terms described above, or at all. Accordingly, readers are cautioned against placing undue reliance on any of the forward-looking information contained herein. SnipGold and Seabridge expressly disclaim any intention or obligation to update or revise any forward-looking information in this news release, whether as a result of new information, events or otherwise, except as required by applicable securities laws.





SnipGold Corp.
Patrick Soares
604.681.3989




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Ratios

vs
industry
vs
history
PB Ratio 2.42
SA's PB Ratio is ranked lower than
58% of the 1388 Companies
in the Global Gold industry.

( Industry Median: 2.03 vs. SA: 2.42 )
Ranked among companies with meaningful PB Ratio only.
SA' s PB Ratio Range Over the Past 10 Years
Min: 0  Med: 0 Max: 3.67
Current: 2.42
0
3.67
Current Ratio 2.49
SA's Current Ratio is ranked higher than
52% of the 1502 Companies
in the Global Gold industry.

( Industry Median: 2.17 vs. SA: 2.49 )
Ranked among companies with meaningful Current Ratio only.
SA' s Current Ratio Range Over the Past 10 Years
Min: 1.81  Med: 8.48 Max: 124.45
Current: 2.49
1.81
124.45
Quick Ratio 2.49
SA's Quick Ratio is ranked higher than
57% of the 1502 Companies
in the Global Gold industry.

( Industry Median: 1.71 vs. SA: 2.49 )
Ranked among companies with meaningful Quick Ratio only.
SA' s Quick Ratio Range Over the Past 10 Years
Min: 1.81  Med: 8.48 Max: 124.45
Current: 2.49
1.81
124.45

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -4.60
SA's 3-Year Average Share Buyback Ratio is ranked higher than
74% of the 1131 Companies
in the Global Gold industry.

( Industry Median: -12.90 vs. SA: -4.60 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
SA' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -33.1  Med: -5.15 Max: -3.3
Current: -4.6
-33.1
-3.3

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.41
SA's Price-to-Tangible-Book is ranked lower than
54% of the 1342 Companies
in the Global Gold industry.

( Industry Median: 2.29 vs. SA: 2.41 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
SA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.3  Med: 5.08 Max: 13.34
Current: 2.41
1.3
13.34
Earnings Yield (Greenblatt) % -1.23
SA's Earnings Yield (Greenblatt) % is ranked lower than
55% of the 1748 Companies
in the Global Gold industry.

( Industry Median: -0.10 vs. SA: -1.23 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
SA' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -4.4  Med: 0 Max: 0
Current: -1.23
-4.4
0

More Statistics

EPS (TTM) $ -0.10
Beta0.23
Short Percentage of Float23.84%
52-Week Range $7.35 - 15.88
Shares Outstanding (Mil)56.67

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $)
EPS ($) -0.12 -0.12 -0.13
EPS without NRI ($) -0.12 -0.12 -0.13
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for SA

Headlines

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Seabridge Saddened to Report the Death of a Director Apr 11 2017 
Seabridge Gold Has Filed 2016 Year End Audited Financial Statements and MD&A on Form 40-F with SEC Apr 07 2017 
Seabridge Gold Announces $14.3 Million Bought Deal Offering of Common Shares and a Concurrent $20.0 Mar 31 2017 
Seabridge Gold Achieves Further Expansion of Deep Kerr Resource Feb 16 2017 
Seabridge Gold to Acquire Snowstorm Project Feb 14 2017 
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