BC Court Upholds Seabridge Gold’s KSM Start Status but Orders Further Indigenous Consultation
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An announcement from Seabridge Gold ( (TSE:SEA) ) is now available.
On June 8, 2026, the Supreme Court of British Columbia ruled that the provincial Environmental Assessment Office’s 2024 finding that Seabridge Gold’s KSM project was substantially started was reasonable. However, the Court held that regulators had not adequately consulted the Tsetsaut Skii km Lax Ha and ordered a 90-day window for the group to make submissions before the determination is reconsidered.
A separate petition from SkeenaWild Conservation Trust was dismissed, allowing Seabridge to continue work at KSM during the new consultation and review process. The company’s chair and CEO said permanent physical improvements at KSM have been significantly enhanced, with total expenditures on permanent works reaching about $1.2 billion since applying for substantially started status in January 2024, underscoring KSM’s strategic importance to Seabridge and its regional partners.
The most recent analyst rating on (TSE:SEA) stock is a Buy
with a C$71.00 price target.
To see the full list of analyst forecasts on Seabridge Gold stock,
see the TSE:SEA Stock Forecast page.
Spark’s Take on SEA Stock
According to Spark, TipRanks’ AI Analyst, SEA is a Neutral.
The score is held down primarily by weak financial performance (no revenue, widening losses, and significant negative free cash flow indicating funding risk) and an unfavorable earnings-based valuation (negative P/E). These are partially offset by relatively strong technical momentum, with price above key moving averages and positive MACD/RSI readings.
To see Spark’s full report on SEA stock,
click here.
More about Seabridge Gold
Seabridge Gold is a Canadian mining company focused on advancing large-scale gold projects in North America. Its principal assets include the KSM and Bronson Corridor projects in British Columbia’s Golden Triangle, along with the Snowstorm project in Nevada’s Getchell Gold Belt and the 3 Aces project in the Yukon.
Average Trading Volume: 177,813
Technical Sentiment Signal: Buy
Current Market Cap: C$4.17B
For an in-depth examination of SEA stock, go to TipRanks’ Overview page.
