SCHEDULE: Van Eck Associates Discloses 8.24% Stake in Seabridge Gold

Van Eck Associates Corporation has reported beneficial ownership of 8.24% of Seabridge Gold Inc.'s common shares as of September 30, 2025.

Summary

• Van Eck Associates Corporation filed a Schedule 13G, indicating beneficial ownership in Seabridge Gold Inc.
• The filing reports beneficial ownership of 8,290,002 common shares of Seabridge Gold Inc.
• This ownership represents 8.24% of the total class of securities.
• Van Eck Associates Corporation holds sole voting power over 8,251,761 shares and sole dispositive power over 8,290,002 shares.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 7

Explanation: The filing indicates a significant beneficial ownership stake by a major investment adviser, Van Eck Associates Corporation, which can be interpreted as a vote of confidence in Seabridge Gold Inc. However, it is a routine disclosure of ownership and does not contain new operational or financial performance data.

Positives

• Van Eck Associates Corporation, a recognized investment adviser, has disclosed a significant beneficial ownership of 8.24% in Seabridge Gold Inc., potentially signaling institutional confidence.

Industry Context

Van Eck Associates Corporation is a prominent investment adviser known for its focus on precious metals and natural resources. Their significant stake in Seabridge Gold Inc. aligns with their established investment strategies within the gold mining sector, indicating continued interest in the industry.

Stakeholder Impact

• Shareholders may view the significant beneficial ownership by Van Eck Associates Corporation as a positive indicator of institutional interest in Seabridge Gold Inc.

Key Dates

Recommendation

The disclosure of a significant stake by Van Eck Associates Corporation, a well-known investment adviser, suggests institutional confidence in Seabridge Gold Inc. While this is a positive signal, the filing itself does not provide new operational or financial data to warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate for existing investors, acknowledging the institutional interest without overreacting to a routine ownership disclosure.

Keywords

Seabridge Gold Inc, Van Eck Associates Corp, Schedule 13G, Common Shares, Beneficial Ownership, Investment Adviser, Gold Mining