Balance Sheet

Current Liabilities	39.4m
Accounts Payable	32.7m
Other Current Liabilities	6.7m
Non-Current Liabilities	581.6m
Long-Term Debt	575m
Other Non-Current Liabilities	6.7m

Currency: CAD

	Dec-2014	Dec-2015	Dec-2016	Dec-2017	Dec-2018	Dec-2019	Dec-2020	Dec-2021	Dec-2022	Dec-2023
Assets
Cash & Cash Equivalents	6	16	8	16	20	13	37	41	128	82
Cash Equivalents	6	16	8	16	20	13	37	41	128	82
Short-Term Investments	5	4	5	7	3	3	4	3	4	4
Total Receivables	5	0	0	0	1	2	3	2	5	4
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Other Receivables	0	0	0	0	0	0	0	2	0	0
Other Current Assets	0	0	0	0	0	1	2	8	4	3
Total Current Assets	16	20	13	24	25	19	46	54	140	94
PP&E Net	261	279	323	358	395	426	592	662	882	1 128
PP&E Gross	0	0	0	0	0	426	592	662	882	1 128
Accumulated Depreciation	0	0	0	0	0	0	0	0	2	5
Note Receivable	0	0	0	0	0	1	1	14	52	106
Long-Term Investments	0	0	0	0	3	2	3	2	1	1
Other Long-Term Assets	2	2	2	1	1	1	7	15	21	21
Total Assets	278 N/A	301 +8%	338 +12%	383 +13%	424 +11%	449 +6%	648 +44%	748 +15%	1 096 +47%	1 351 +23%
Liabilities
Accounts Payable	4	1	6	4	5	5	5	12	17	33
Accrued Liabilities	0	0	0	0	0	0	0	0	26	0
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Current Portion of Long-Term Debt	0	0	0	0	0	0	0	0	20	0
Other Current Liabilities	1	1	0	2	2	2	5	5	9	6
Total Current Liabilities	5	2	6	6	7	7	10	17	72	39
Long-Term Debt	0	0	0	0	0	0	0	0	245	575
Deferred Income Tax	12	15	17	19	23	22	19	23	32	0
Other Liabilities	1	1	4	3	7	5	4	5	7	7
Total Liabilities	19 N/A	19 N/A	27 +44%	27 +3%	37 +35%	34 -7%	33 -3%	45 +37%	355 +682%	621 +75%
Equity
Common Stock	296	326	361	406	457	495	705	809	857	935
Retained Earnings	51	67	82	87	104	114	125	141	153	183
Additional Paid In Capital	15	23	32	36	36	36	36	36	36	39
Other Equity	0	0	1	1	2	2	1	2	1	61
Total Equity	260 N/A	282 +9%	311 +10%	356 +14%	387 +9%	415 +7%	615 +48%	702 +14%	741 +5%	730 -1%
Total Liabilities & Equity	278 N/A	301 +8%	338 +12%	383 +13%	424 +11%	449 +6%	648 +44%	748 +15%	1 096 +47%	1 351 +23%
Shares Outstanding
Common Shares Outstanding	48	52	54	58	61	64	74	79	81	86

Seabridge Gold Inc
TSX:SEA