Seabridge Gold CEO Rudi Fronk
Seabridge Gold (TSE: SEA) expects to receive the “substantial start’ designation under British Columbia laws for permits allowing KSM, the world’s largest undeveloped gold project, CEO Rudi Fronk said in an interview.
The company applied for the designation for the Golden Triangle project, which includes silver and copper, early this year. It would lock in construction permits for the project’s lifetime instead of expiring in 2026. With environmental permits in place, Seabridge has already invested around C$500 million in early construction and is seeking a deep-pocketed partner.