Seabridge Gold is trading 6.04% down now at $28.79, with no confirmed catalyst identified for the decline. - The KSM project’s 90-day consultation period on its Substantially Started Designation review concludes September 28; the regulator’s review and decision process will continue afterward. This is relevant background, not a confirmed cause. - Higher yields, rising oil prices, and pressure on materials and precious metals may be weighing on shares, but available evidence does not establish a direct catalyst.