Seabridge Gold is trading 4.1% lower at $29.92 amid a broader risk-off session as the 10-year Treasury yield reaches 5.14%, a 19-year high. - U.S. stocks are lower after strong September business-activity data intensified inflation and interest-rate concerns. - No fresh company-specific negative announcement was identified for September 24, 2026; the September 22 KSM regulatory update remains the latest major company news. - The stock is declining despite strength in the materials sector.