5 Best Junior Gold Mining Stocks To Buy Now

2. Seabridge Gold Inc. (NYSE: SA)

Toronto, Canada-based Seabridge mines gold and other precious metals. The company operates the Kerr Sulphurets Mitchell mine located at about 65km north-west of Stewart in British Columbia. According to estimates, the mine is expected to produce 130,000t of gold, copper, silver and molybdenum ore per day. In December, Canadian mining company Pretivm Resources agreed to sell its Snowfield gold mining property to  Seabridge Gold for $100 million in cash.

With a $34.4 million stake in Seabridge Gold Inc., Weiss Asset Management owns 1.6 million shares of the company as of the end of the fourth quarter of 2020. Our database shows that 9 hedge funds held stakes in Seabridge Gold as of the end of the fourth quarter, versus 10 funds in the third quarter.