Skeena Resources Limited Stock Price, News & Analysis

Skeena Resources (TSX: SKE; NYSE: SKE) has announced a C$70.5 million bought deal financing through an agreement with underwriters led by BMO Capital Markets. The deal involves selling 4,800,000 common shares at C$14.70 per share.

The underwriters have an option to increase the offering by 15% up to 48 hours before closing. They may also elect to have up to 2,230,000 shares issued as flow-through shares at C$17.93 per share, potentially increasing the total proceeds to C$78 million.

The proceeds will fund the advancement of Skeena's Eskay Creek gold-silver project and general corporate purposes. The offering is expected to close around February 26, 2025, subject to regulatory approvals.

Skeena Resources (TSX:SKE, NYSE:SKE) has announced its rebranding to Skeena Gold & Silver to better reflect the significant silver component at its flagship Eskay Creek Project in British Columbia's Golden Triangle. The company has launched a redesigned website at www.skeenagoldsilver.com and updated its investor materials to emphasize both gold and silver reserves. According to President & CEO Randy Reichert, this rebranding highlights the increasing importance of silver at Eskay Creek while maintaining the company's stock tickers on both exchanges.

Skeena Resources (TSX:SKE, NYSE:SKE) has announced a strategic investment in TDG Gold Corp to advance the Greater Shasta-Newberry project in British Columbia's Toodoggone District. The investment involves purchasing 22,000,000 TDG common shares through the sale of the Sofia Property and a C$7,000,000 payment.

Upon completion, Skeena will hold approximately 13% ownership in TDG's outstanding common shares. The Greater Shasta Project is strategically located adjacent to Freeport-McMoRan and Amarc Resources' recent AuRORA gold-silver-copper discovery, with the mineralized trend potentially extending onto TDG's claims. The Sofia Property, consisting of 9,000 hectares of mineral claims bordering TDG's northern concession boundary, is included in the transaction.

The deal is expected to close by February 14, 2025, subject to exchange approval and other customary conditions.

Skeena Resources (TSX:SKE)(NYSE:SKE) has announced significant drill results from their 2024 exploratory drilling program at the KSP Property in British Columbia's Golden Triangle. The company has discovered a new Gold-Copper Porphyry system with notable intercepts including 0.71 gpt gold over 381.47 metres.

The drilling program, consisting of 22 drillholes totaling 9,182 metres, revealed consistent mineralization across various targets. Key highlights include intercepts of 0.62 gpt Au, 2.84 gpt Ag, 0.14% Cu over 121.50 metres and 4.56 gpt Au over shorter intervals.

The Camp Porphyry area, located 5 kilometers southeast of Skeena's Snip Gold Project, hosts this previously unexplored porphyry body. The mineralization has been traced along a strike length of approximately 1,000 meters, with potential for expansion. The discovery was aided by a new widespread gold and copper geochemical anomaly identified during 2024 surface mapping and confirmed by ZTEM resistivity survey.

Skeena Resources (TSX/NYSE:SKE) has received US$45 million as the second tranche of its US$200 million gold stream arrangement for the Eskay Creek Gold-Silver Project. This funding follows receipt of Bulk Technical Sample permits in December 2024. Three remaining tranches of US$50 million each will be available until March 2026, subject to conditions.

The company maintains a buyback option to reduce the stream percentage by 66.67% within 12 months of project completion by repaying the deposit plus 18% IRR. During the 2024 season (June-November), early works activities included technical sample area clearing, pilot haul road development, infrastructure pad advancement, and civil earthworks for the Volcano Creek substation.

Engineering and procurement are progressing on budget with major mill equipment contracted, including structural steel, SAG/ball mills, flotation cells, and electrical components. The project remains on track for production in 2027.

Skeena Resources (TSX/NYSE:SKE) has received approval from British Columbia's Ministry of Mining for a 10,000-tonne bulk technical sample at its Eskay Creek Gold-Silver Project. This approval is important as it's a prerequisite for accessing the remaining US$195 million from a US$200 million gold stream funding agreement with Orion Resource Partners.

The company has also initiated the 180-day legislated application review process under BC's Environmental Assessment Act, following their August 2024 submission. The project represents a milestone in sustainable mining, being the first to have its Environmental Assessment Certificate authorized by a First Nations Government under the Declaration on the Rights of Indigenous Peoples Act (DRIPA).

Skeena is actively conducting public consultations, including in-person and virtual sessions across Tahltan territory and regional communities, with final Environmental Assessment submission planned for late Q1 2025.

Skeena Gold & Silver (TSX:SKE)(NYSE:SKE) announced its Q3 2024 financial results for the period ending September 30, 2024. The interim financial statements and MD&A are accessible on the company's website, SEDAR+, and EDGAR. Key highlights include a focus on exploration and development activities, with specific progress in the Eskay Creek project. The company highlighted its operational advancements and financial health, though specific financial figures were not disclosed in the press release.

Skeena Resources (TSX:SKE)(NYSE:SKE) has released its Q2 2024 financial results and provided a corporate update. The company announced key management appointments to strengthen its leadership team:

Galina Meleger as Vice President Investor Relations, bringing nearly 20 years of mining sector experience.

Kyle Foster as Vice President Operations, an international mining professional with over 15 years of experience in operations and project management.

Eric Casey as Vice President Finance, a Chartered Professional Accountant with experience in closing capital and financing packages exceeding $1.4 billion.

The interim financial statements and MD&A are available on Skeena's website and have been posted on SEDAR+ and EDGAR.

Skeena Resources (TSX:SKE, NYSE:SKE) announced a victory in the British Columbia Court of Appeal regarding the Eskay Creek Mine waste rock and tailings in the Albino Lake Storage Facility. The Court overturned previous decisions by the Chief Gold Commissioner and the British Columbia Supreme Court, which had ruled in favor of Richard Mill and Orogenic Gold Corp. The Court of Appeal found that Skeena had not relinquished its rights to the Eskay Creek Material and that the original ruling was incorrect. The case is now referred back to the current Chief Gold Commissioner for reconsideration. The decision is seen as a significant win for Skeena, although the Eskay Creek Material is not part of the company's current Resource or Reserve Statements.