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Latest Mining.com News
Jul 13, 2022
Moussa81/iStock via Getty Images Seabridge Gold (NYSE: SA ) plans to spend C$150M (US$115M) this year preparing the massive KSM project in British Columbia for development , Mining.com reported on Tuesday, but will need a joint venture partner with deep pockets to help build the mine. KSM, which Seabridge ( SA ) says is the largest undeveloped gold-copper deposit in the world by resources, has an estimated initial capital cost of C$8.3B (US$6.4B), which rises to C$12.5B (US$9.6B) when sustaining capital is added, according to Mining.com. "By the end of this year, we will probably have spent close to C$600M on KSM," Seabridge ( SA ) CEO Brent Murphy said, planning to spend C$150M this year on infrastructure needed to prepare the new mine for development, and as much again next year. Murphy said Seabridge ( SA ) would not take the KSM project through to full construction and mining operations, saying the company is looking for a major mining company that has "the technical, financial and social sustainability wherewithal to operate this project."
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Mining.com Frequently Asked Questions (FAQ)
When was Mining.com founded?
Mining.com was founded in 2011.
Where is Mining.com's headquarters?
Mining.com's headquarters is located at 580 Hornby Street, Vancouver.
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