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Seabridge Gold (SA) Reports Maiden Resource Estimate for Snip North Deposit

Seabridge Gold Inc. (NYSE:SA) is one of the 15 Best Precious Metal Stocks to Buy According to Wall Street Analysts.

On April 15, 2026, Seabridge Gold Inc. (NYSE:SA) reported its first mineral resource estimate for the Snip North deposit at its wholly owned Iskut Project in the Golden Triangle region of northwestern British Columbia. The maiden inferred resource totaled 9.2 million ounces of gold, 28.3 million ounces of silver, and 923 million pounds of copper, based on 605.7 million tonnes grading 0.47 g/t gold, 0.07% copper, and 1.5 g/t silver. The company said the resource remains open in multiple directions.

Seabridge also announced that the Iskut Project will be renamed the Bronson Corridor Project to reflect the broader mineralized belt where its deposits are located. Snip North marks the second discovery at the project, alongside the Bronson Slope deposit.

Last month, Seabridge updated mineral resource estimates for its KSM Project using higher metal price assumptions of $2,000 per ounce of gold, $4.00 per pound of copper, $25 per ounce of silver, and $22 per pound of molybdenum. The company had previously used lower assumptions for the past decade.

Under the updated assumptions, measured and indicated resources increased by 6.8 million ounces of gold, 1.5 billion pounds of copper, 42.7 million ounces of silver, and 93 million pounds of molybdenum compared with the January 2024 estimate. Inferred resources rose by 12.9 million ounces of gold, 4.2 billion pounds of copper, 108.8 million ounces of silver, and 140 million pounds of molybdenum. Management said the resource model itself did not change, only the metal price and cost assumptions used to calculate cut-off grades. CEO Rudi Fronk said the updated estimates better align with pricing assumptions used by major mining companies as Seabridge moves toward a potential joint venture for KSM.

Seabridge Gold Inc. (NYSE:SA) acquires and explores gold properties across North America and also has exposure to silver, copper, and molybdenum deposits.

While we acknowledge the risk and potential of SA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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