Skeena Resources Limited Stock Price, News & Analysis

Skeena Resources (TSX/NYSE: SKE) has announced significant leadership changes to strengthen its management team. Mr. Hansjoerg Plaggemars, a seasoned finance professional with extensive board experience and structured finance expertise, has been appointed to the Board of Directors. The company also announced several key promotions and appointments:

Nalaine Morin has been promoted to Senior Vice President of Environment and Social Affairs, recognized for her expertise in mining, environmental assessments, and Indigenous relations. Additionally, three new vice presidents were appointed: Andrew Osterloh as VP of Project Engineering and Construction, Timothy Sewell as VP of Health and Safety, and Karen Leven as VP of Environment and Regulatory Affairs.

These appointments come at a crucial time as Skeena progresses with engineering, permitting, and early works planned for this year, aiming to be construction-ready by year-end.

Skeena Resources Limited (TSX/NYSE: SKE) has released its 2024 Sustainability Report titled "Rebuilding Together," highlighting the company's sustainable development activities at its Eskay Creek Project in British Columbia. Key achievements include: employing 766 full-time workers with 28% Indigenous representation, maintaining a 3.3 Total Recordable Injury Frequency Rate, and spending $97 million in British Columbia, including $37.8 million with Indigenous-owned businesses. The company submitted an Environmental Assessment Certification application and conducted over 300 meetings with Indigenous groups, particularly the Tahltan Nation. Under CEO Randy Reichert and VP of Environment Nalaine Morin's leadership, Skeena continues to prioritize Indigenous partnerships, environmental stewardship, and community engagement in advancing the Eskay Creek Project.

Skeena Resources Limited (SKE) has achieved a significant permitting milestone for its Eskay Creek Gold-Silver Project by filing the Joint Permit Application for the BC Mines Act and Environmental Management Act with the BC Major Mine Office. The application submission, completed between April 22-30, 2025, will undergo joint review with the Tahltan Central Government.

The company has also submitted a revised Environmental Assessment application and released a documentary video highlighting their Environmental Assessment Certificate Application process. CEO Randy Reichert expects to receive the EA Certificate and amended authorizations in Q4 2025, marking a crucial step toward restarting operations at Eskay Creek.

Skeena Resources (TSX:SKE, NYSE:SKE) has received a favorable ruling from the Supreme Court of Canada, which dismissed appeals by Richard Mill and Orogenic Gold Corp. regarding the ownership of mineral rights to materials in the Albino Lake Storage Facility at Eskay Creek.

The B.C. Court of Appeal's July 2024 judgment, which found that Skeena had not relinquished the materials to the province, will stand. The court determined that the Province could not have granted ownership rights to Mill when he received the mineral claim over the Albino Lake area in 2017.

The matter will now proceed to a rehearing before the new Gold Commissioner, expected to conclude after Q4 2025. The company notes that the Eskay Creek Material in the Albino Lake Storage Facility is not included in the company's mineral resource or reserve statements, nor was it part of the November 2023 Definitive Feasibility Study.

Skeena Resources (TSX/NYSE:SKE) has filed its Environmental Assessment (EA) application for the Eskay Creek Gold-Silver Project with the BC Environmental Assessment Office for joint review with the Tahltan Central Government. The company expects to receive the environmental assessment certificate in Q4 2025.

The project's economic impact study reveals significant benefits:

• Projected $14 billion contribution to BC and Canada's GDP
• Expected $3.6 billion in tax revenues over mine life
• Creation of 949 direct jobs during peak construction and 771 during operations
• Total of 31,258 person-years of employment including indirect and induced jobs

Eskay Creek is positioned to become Canada's largest silver mine and will also produce critical minerals including antimony, zinc, lead, and copper. Since 2018, Skeena has invested over $460 million in BC, with significant portions benefiting the northwest region.

Skeena Resources (TSX:SKE, NYSE:SKE) has released its financial results for both the fourth quarter and full year ending December 31, 2024. The company has made these financial documents available on their corporate website and filed them with regulatory authorities through SEDAR+ and EDGAR.

Skeena Resources (TSX:SKE, NYSE:SKE) has filed an early warning report regarding its increased shareholding in TDG Gold Corp (TSXV:TDG). On February 14, 2025, Skeena and its subsidiary QuestEx Gold & Copper acquired 22,000,000 shares of TDG for C$11,000,000 (C$0.50 per share).

The transaction consisted of QuestEx's sale of its Sofia property valued at C$4,000,000 and a C$7,000,000 cash payment from Skeena. Following the transaction, Skeena's ownership in TDG increased from 1,000,000 shares (0.65%) to 23,000,000 shares, representing approximately 13% of TDG's outstanding shares.

Skeena Resources (TSX:SKE, NYSE:SKE) has successfully closed its previously announced bought deal financing, raising aggregate gross proceeds of C$88.3 million. The offering consisted of:

- 3,290,000 common shares at C$14.70 per share
- 2,230,000 flow-through common shares at C$17.93 per share

BMO Capital Markets acted as sole bookrunner, leading a syndicate of underwriters. The proceeds from common shares will fund the advancement of the Eskay Creek gold-silver project and general corporate purposes. The flow-through shares proceeds will be used for eligible Canadian development expenses, to be incurred and renounced to purchasers by December 31, 2025.

Skeena Resources (TSX:SKE)(NYSE:SKE) has announced a bought deal financing through a final prospectus supplement, offering 4,800,000 common shares at C$14.70 per share, aiming to raise approximately C$70.5 million.

The company has granted underwriters, led by BMO Capital Markets, an option to increase the offering by 15% up to 48 hours before closing. Underwriters can elect to have up to 2,230,000 shares issued as flow-through shares at C$17.93 per share, potentially increasing total proceeds to approximately C$78 million.

The offering, expected to close around February 26, 2025, will be available in all Canadian provinces (excluding Quebec) and the United States, subject to regulatory approvals including Toronto Stock Exchange and New York Stock Exchange listing approval.