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 Limited (TSX:SKE, NYSE:SKE) announced the repurchase of a 0.5% net smelter return (NSR) royalty from Barrick Gold for C$17.5 million on its Eskay Creek gold-silver project in British Columbia. This buyback reduces the original 1% NSR royalty by half, enhancing potential profitability. A right of first refusal was granted to Franco-Nevada on a 0.5% NSR, which will be subject to a competitive auction process by October 2, 2023. This strategic move aims to increase shareholder value and optimize the project’s economics.
Skeena Resources Limited has filed a detailed technical report for its Eskay Creek gold-silver project, compliant with NI 43-101 Standards. The report includes key findings from the feasibility study released on September 8, 2022, highlighting an open-pit average grade of 4.00 g/t AuEq, an after-tax NPV5% of C$1.4B, a 50% IRR, and a 1-year payback at US$1,700/oz Au and US$19/oz Ag. The full report is accessible on Skeena's website and filed on SEDAR and EDGAR.
Skeena Resources Limited announced the results of the Feasibility Study for its Eskay Creek gold-silver project, revealing a post-tax NPV of C$1.41 billion at US$1,700 gold and US$19 silver. The project boasts a 50.2% IRR and a payback period of just 1 year. Estimated pre-production capital expenditures are C$592 million with life-of-mine production of 3.2 million AuEq ounces. The project is noted for its low carbon intensity at 0.20 t CO2e/oz AuEq, aiming to be among the lowest emitting mines globally. A conference call is scheduled for September 8, 2022, to discuss the results.
Skeena Resources Limited (TSX:SKE)(NYSE:SKE) announced promising drilling results from its 2022 exploration programs at the Eskay Creek gold-silver Project. Key highlights include:
- Results of up to 47.50 g/t Au over 12.12 m
- Significant in-pit discoveries that enhance the 21A West Zone
- Additional mineralization expected from ongoing drilling
The company will host a conference call on September 8, 2022, to discuss a new feasibility study.
Skeena Resources Limited (TSX:SKE, NYSE:SKE) reported its interim financial results for the quarter ending June 30, 2022. The Prefeasibility Study for the Eskay Creek project indicates an after-tax NPV of C$1.4B and an IRR of 56%. The company is conducting infill and exploration drilling to advance the project toward a full Feasibility Study. Financial statements are accessible on the company's website and on SEDAR and EDGAR.
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Skeena Resources Limited (TSX:SKE)(NYSE:SKE) held its Annual General Meeting of Shareholders on June 22, 2022, in Vancouver, BC, where all motions were approved. Notably, all five directors were re-elected, including Walter Coles, Jr., who received 99.69% of votes. A total of 40,155,295 shares were voted, representing 58.44% of outstanding shares. Grant Thornton LLP was reappointed as the company’s auditor. Skeena continues to focus on the Eskay Creek gold-silver mine, planning to progress towards a full Feasibility Study in 2022, following a promising Prefeasibility Study released in July 2021.
Skeena Resources Limited (TSX:SKE)(NYSE:SKE) announced a historic decision-making agreement with the Province of British Columbia and the Tahltan Central Government for the Eskay Creek gold-silver project. This agreement marks the first mining project to receive permits authorized by an Indigenous Government, enhancing the rights of the Tahltan Nation. It establishes a new environmental assessment framework that respects Indigenous values, promoting sustainable mining practices. The agreement aims to bolster the revitalization of the Eskay Creek mine, providing legal consent from the Tahltan Nation.
Skeena Resources Limited (TSX:SKE)(NYSE:SKE) announced the completion of its acquisition of QuestEx Gold & Copper Ltd. through a plan of arrangement, valued at approximately C$18.7 million. QuestEx shareholders received C$0.65 and 0.0367 of a Skeena share per share. Additionally, Skeena sold certain QuestEx properties to Newmont Corporation for about C$27 million, fully funding the acquisition. This strategic move expands Skeena's land position in the Golden Triangle and enhances exploration potential at its KSP and Kingpin projects.
Skeena Resources Limited (TSX:SKE, NYSE:SKE) announced its interim financial results for Q1 2022, revealing significant progress in its operations. The company is advancing the Eskay Creek project, which features an estimated after-tax NPV of C$1.4B and an IRR of 56%. Infill and exploratory drilling are ongoing to complete a full feasibility study by year-end. Skeena aims to revitalize the historic gold-silver mine in British Columbia, with a prefeasibility study indicating an impressive open-pit average grade of 4.57 g/t AuEq.