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 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.
Skeena Resources (TSX:SKE)(NYSE:SKE) announced a significant financing package worth US$750 million (over C$1 billion) from Orion Resource Partners for the development of its Eskay Creek Gold-Silver Project. This funding aims to enhance the strategic direction of the company. The announcement follows a news release dated June 25, 2024. Skeena is hosting a webcast today, June 26, 2024, to provide detailed insights into this development. Key company executives, including Executive Chairman Walter Coles, President & CEO Randy Reichert, and CFO Andrew MacRitchie, will discuss the strategic rationale behind the financing deal and its impact on the project's future. The webcast will commence at 2:30pm Eastern (EDT) / 11:30am Pacific (PDT), accessible via the provided link.
Skeena Resources has secured a US$750 million financing package from Orion Resource Partners to advance its Eskay Creek Gold-Silver Project. The funding includes a US$100 million equity investment, US$200 million gold stream, US$350 million senior secured loan, and US$100 million cost over-run facility. This financing is structured to provide flexibility and certainty, allowing the project to proceed efficiently towards production, targeted for H1 2027. The package exceeds the project's estimated capital expenditures of US$528 million. Key timelines include finalizing permits by end-2025, starting full-scale construction in 2026, and commencing production in 2027. The investment aims to deliver significant economic benefits to the local community, including potential contracts worth C$700 million to Tahltan businesses and creating over 800 direct jobs.
Skeena Resources announced the results of its Annual General Meeting (AGM) held on June 17, 2024, in Vancouver, BC. Shareholders overwhelmingly approved the re-election of all Directors and the reappointment of KPMG LLP as the company's auditor, with over 99% voting in favor. The Shareholder Rights Plan adopted in November 2023 expired on May 14, 2024, without needing further approval. The AGM saw a substantial turnout, with 64,349,256 shares voted, accounting for 70.9% of the common shares issued and outstanding. Detailed voting results for each director showed significant support, with Walter Coles receiving 99.8% approval, among others.
Skeena Resources (TSX:SKE)(NYSE:SKE) reported its Q1 2024 financial results and released its ESG report for the 2023 calendar year. The company's interim financial statements and MD&A are accessible on its website. Skeena showcased positive contributions across economic, environmental, social, and governance aspects, aiming to create value for shareholders and partners.