Welcome to our dedicated page for Skeena Resources news (Ticker: SKE), a resource for investors and traders seeking the latest updates and insights on Skeena Resources stock.
Skeena Resources Limited (Skeena Gold & Silver, TSX: SKE, NYSE: SKE) is a precious metals developer focused on the Eskay Creek Gold-Silver Project, a past producing mine in the Golden Triangle of British Columbia, Canada. This news page aggregates company-issued updates and regulatory disclosures that relate to Skeena’s progress in advancing Eskay Creek and managing its broader corporate activities.
Visitors can review news releases covering topics such as interim financial results, bought deal equity financings, and material change reports connected to the company’s capital structure and funding plans for Eskay Creek. The feed also includes announcements about permitting milestones, including the submission of an Environmental Assessment Application and a Major Mines Permit Application, as well as updates on Impact Benefit Agreement negotiations and votes with the Tahltan Nation.
Skeena’s news often highlights its partnership with Indigenous communities, particularly the Tahltan Nation, and describes frameworks for shared benefits such as employment and business opportunities, training and education initiatives, and financial participation in the Eskay Creek Project. Corporate governance developments, including Annual General Meeting results, board appointments and changes in senior management roles related to environment, social affairs, project engineering, construction, health and safety, and regulatory affairs, are also reported.
In addition, the news stream may reference Skeena’s investment in TDG Gold Corp. and related early warning reports, as well as links between news releases and Form 6-K filings on EDGAR and documents on SEDAR+. Investors and observers can use this page to follow Skeena’s official communications on project development, financing, regulatory processes and corporate leadership.
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.
Etruscus Resources (ETRUF) announced significant results from its 2024 IP survey at the Rock & Roll Property in British Columbia's Golden Triangle. The survey revealed an expanded Zappa anomaly, doubling from 300m to 700m eastward beneath the Twin Glacier. The chargeability anomaly measures 300m in width by 700m in length, extending 400m deep.
The target shows extensive QSP alteration with silica flooding and 2-10% disseminated pyrite, suggesting proximity to an intrusion. The location near the 'Red Line' Triassic-Jurassic unconformity indicates favorable early Jurassic age intrusions. Recent regional discoveries by Seabridge Gold (3km away) and Skeena Resources validate the area's potential, with Seabridge reporting 303m of 0.75 g/t Au and 0.10% Cu.
The company is planning a drill program for 2025 to test this expanded target.
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.