Loading ...Seabridge Gold to spend $115 million this year prepping KSM mine in British Columbia
The company behind what is said to be the largest undeveloped gold-copper deposit in the world – the massive KSM project 65 kilometres northwest of Stewart, British Columbia – plans to spend C$150 million ($115m) this year preparing the massive project for development.
But Seabridge Gold (TSX:SEA) will need a joint venture partner with deep pockets to help build the mine, which has an estimated initial capital cost of C$8.3 billion ($6.4 bn). When sustaining capital is added, the total capital cost of the project is C$12.5 billion ($9.6 bn).
Seabridge Gold to spend $115 million this year prepping KSM mine in British Columbia