Seabridge Gold is trading 4.7% down at $31.70 after the Gitxsan Huwilp Government withdrew its 2013 letter supporting the KSM Project and called for further consultation with Tsetsaut Ski km La Ha.
- Court-ordered consultation remains underway; submissions are due September 28, 2026, before the regulator reconsiders whether KSM was substantially started.
- The decline is company-specific: Seabridge fell while the Materials sector gained 1.55%, making broader market weakness an unlikely primary explanation.