Pasofino Gold Limited (TSXV: VEIN)
Re-defining the Dugbe Gold Project
For those seeking a stable and growth-oriented long-term investment, backed by real tangible assets, Seabridge Gold (TSX: SEA) shines as a premier choice. While not the most renowned name on the Toronto Stock Exchange, its world-class collection of undeveloped gold and copper reserves positions the company in a league of its own.
Seabridge Gold is not your traditional mining company. Instead, it specializes in resource development, focusing on owning the rights to valuable untapped mineral deposits. Its flagship project, the KSM (Kerr-Sulphurets-Mitchell) project, located in British Columbia’s “Golden Triangle,” is one of the world’s largest undeveloped gold-copper deposits. The KSM project boasts 47.3 million ounces of gold and 7.3 billion pounds of copper in proven and probable reserves.
With gold prices recently hitting an all-time high of $3,400 per ounce, the value of Seabridge’s in-ground resources has surged significantly.
Seabridge’s 2025 Q1 earnings report highlighted impressive progress. The company achieved a net profit of $10.6 million, a sharp turnaround from a loss of $8.2 million in the same period last year. Further, it secured $100 million in new financing, including $20 million from strategic investors, bringing its working capital to over $148 million.
Beyond KSM, the Iskut Project, also in British Columbia, has received $12 million in investments aimed at exploration and environmental remediation. These efforts have gained praise from the provincial government for responsible resource development.
The company’s additional assets include:
These projects add to Seabridge’s growing list of high-potential mineral deposits.
Seabridge employs a shareholder-friendly strategy: Over the past 20 years, the growth in its gold reserves has outpaced the rate of share dilution by a factor of 5. This means individual shares have continually grown in value, a rare feat in the mining sector.
Unlike dividend-yielding or defensive stocks, Seabridge does not distribute dividends. It is instead a long-term play for investors betting on the enduring value of gold and copper, particularly as global trends like green energy transitions and financial uncertainty drive demand for these precious metals.
Additionally, the company stands out with its zero long-term debt, robust cash reserves, and tight equity control. This financial discipline provides operational flexibility, allowing the company to strike lucrative development deals or asset sales at the right time.
Amid rising demand for gold and copper and a backdrop of increased financial uncertainty, Seabridge Gold represents a stable investment underpinned by real-world assets. Anchored by its disciplined operations and outstanding financial position, the company is an ideal choice for an investor looking to buy and hold for the long term.
Seabridge Gold is not just a speculative bet—it’s a strategic, real-value investment built for the future.
