Seabridge Gold’s KSM Project Receives Environmental Approval

Seabridge Gold Inc. (TSX:SEA,NYSE:SA) announced that its application for an Environmental Assessment Certificate for its KSM project has received final approval from the British Columbia Ministers of the Environment and Energy and Mines. The ministers said “that the construction, operation and decommissioning of the KSM Project are not likely to result in significant adverse effects.”

As quoted in the press release:

The KSM Project has been undergoing a joint harmonized federal-provincial environmental assessment review as outlined by the British Columbia Environmental Assessment Act and the Canadian Environmental Assessment Act. On July 21, 2014, the Canadian Environmental Assessment Agency (CEAA) released its final Comprehensive Study Report for the KSM Project which concluded that ‘the KSM Project is not likely to cause significant adverse environmental effects taking into account implementation of the mitigation measures described in the report.’ The report has been posted on the CEAA website for a 30-day public comment period, after which the Federal Minister of Environment will decide whether to approve the KSM Project. Seabridge expects the Federal Minster’s decision in the fall.

Rudi Fronk, chairman and CEO of Seabridge, commented:

This decision confirms that KSM is a well-designed, environmentally responsible project which is technically feasible and offers significant economic benefits to both British Columbia and Canada. This decision also affirms the value of extensive public consultation early in the environmental assessment process which helped us to understand the cultural, social, environmental and economic context of the KSM Project. We believe the conditions imposed on the project by the Province are reasonable and we are in full agreement with them. Furthermore, we regard this approval as an expression of trust in us not only to meet the obligations mandated in this approval but also to continue to respond to the ongoing needs of members of the communities in British Columbia’s northwest.

Click here to read the full Seabridge Gold Inc. (TSX:SEA,NYSE:SA) press release.