SAN FRANCISCO, CA--(Marketwired - August 05, 2016) - Seabridge Gold Inc. (TSX: SEA) (NYSE MKT: SA) hosts one of the world's largest gold resources, offering shareholders exceptional leverage to a rising gold price. Chairman and CEO Rudi Fronk explains his company's value-enhancing strategy of obtaining resources at low cost and spinning them into gold.
Included in this article is: Seabridge Gold Inc. (TSX: SEA) (NYSE MKT: SA)
The Gold Report: Would you tell us about Seabridge Gold's strategy?
Rudi Fronk: Our strategy is essentially to turn cash into gold. When we founded the company 17 years ago, it was to give our shareholders maximum exposure to the gold price. That meant taking a different approach to the business. If you look at what the gold mining industry is doing, they are turning what we believe to be a superior form of money -- gold into an inferior one -- the dollar.
At Seabridge, we like to think of ourselves as modern alchemists turning cash into gold. Over the last 17 years, we have used cash from our shareholders to fund acquisitions and exploration of gold projects in Canada with the aim of increasing gold ownership per share as measured by our ounces of gold resources and reserves in the ground relative to our shares outstanding. We think there is a place for this strategy among those shareholders who value gold ownership over cash flow.
Continue reading this interview: Seabridge Is Turning Cash into Gold
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Seabridge Gold Inc. had final approval of the content and is wholly responsible for the validity of the statements. Opinions expressed are the opinions of Rudi Fronk and not of Streetwise Reports or its officers.
Rudi Fronk: I was not paid by Streetwise Reports to participate in this interview. I had the opportunity to review the interview for accuracy as of the date of the interview and am responsible for the content of the interview. I or my family own shares of the following companies mentioned in this interview: Seabridge Gold Inc.
The full disclosure is at the end of the published article.