Seabridge Gold (TSX: SEA) (NYSE: SA) says it has recovered C$4.4 million ($3.2 million) from a British Columbia Supreme Court ruling that reversed a previous decision by the Canada Revenue Agency (CRA) to deny the company’s tax credits for 2010 and 2011.
Toronto-based Seabridge had received a refund for the C$15.8 million ($11.4 million) in exploration expenditures incurred in the two years, which it claimed as qualifying expenses under the BC Income Tax Act that are eligible for tax credits under the BC Mineral Exploration Tax Credits (BC METC) program. However, the CRA later denied the claims, arguing that the expenditures did not meet the program criteria.
The miner subsequently challenged the CRA’s decision, and its appeal was heard before the BC Supreme Court in late 2024. In March 2025, a judge ruled largely in favor of Seabridge, having determined that 92% of the claimed expenses qualified for…
