Skeena Gold & Silver Announces Successful Tahltan Nation Vote Supporting the Eskay Creek Impact Benefit Agreement
Rhea-AI Summary
Skeena Gold & Silver (TSX: SKE, NYSE: SKE) announced that the Tahltan Nation membership voted in favour of an Impact Benefit Agreement (IBA) related to Skeena’s 100%‑owned Eskay Creek Gold‑Silver Project on December 15, 2025.
The IBA outlines shared benefits including employment and business opportunities, training and education initiatives, funding for a facility for Tahltan elders, and meaningful financial participation in the Project. A Tahltan Central Government Board decision on formal consent is scheduled for January 2026.
Positive
- Tahltan membership voted to approve the IBA on Dec 15, 2025
- IBA includes employment and business opportunities for Tahltan members
- IBA commits to training and education initiatives and an elders facility
- Agreement provides for financial participation by the Tahltan Nation
Negative
- Final Tahltan Central Government Board consent remains pending in January 2026
- IBA ratification by membership does not yet equate to project consent
Market Reaction 15 min delay 4 Alerts
Following this news, SKE has gained 5.53%, reflecting a notable positive market reaction. Our momentum scanner has triggered 4 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $25.79. This price movement has added approximately $155M to the company's valuation.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.
Key Figures
Market Reality Check
Peers on Argus 1 Up
Key peers in Other Industrial Metals & Mining were under pressure, with moves such as -8.92% (TMC) and -7.50% (VZLA), suggesting broader sector softness while this IBA news is company-specific.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 13 | Q3 2025 earnings | Neutral | -1.7% | Interim Q3 2025 financial results and leadership transition at Eskay Creek. |
| Oct 08 | Financing closed | Neutral | +6.9% | Closing of C$143.8M bought deal share offering to fund Eskay Creek. |
| Oct 03 | Prospectus supplement | Neutral | +3.9% | Filing of prospectus supplement for ~C$125M bought deal equity financing. |
| Oct 01 | Financing announced | Neutral | -0.3% | Announcement of C$125M bought deal to advance Eskay Creek amid permitting delays. |
| Aug 14 | Q2 2025 earnings | Neutral | -3.2% | Release of Q2 2025 financial results and related disclosures. |
Recent financings and earnings updates have seen modest price reactions without a clear positive or negative pattern.
Over the last six months, Skeena Gold & Silver announced multiple financings and routine earnings updates. In August 2025 and November 2025, Q2 and Q3 results were released with limited share price impact. In early October 2025, the company announced and then closed a bought deal financing of up to C$143.8M to fund the Eskay Creek project, again with moderate price moves. Today’s Tahltan Nation vote on the Impact Benefit Agreement ties directly into advancing Eskay Creek alongside that previously disclosed funding and permitting work.
Market Pulse Summary
The stock is up +5.5% following this news. A strong positive reaction aligns with the strategically important nature of the Tahltan Nation’s vote supporting the Impact Benefit Agreement. Prior news around financings and earnings saw relatively modest moves, so a larger reaction to this IBA outcome would highlight its perceived significance for advancing Eskay Creek. Investors could weigh how much of the project progress and recent equity financings at around $24.00 per share already reflected this milestone.
Key Terms
impact benefit agreement regulatory
AI-generated analysis. Not financial advice.
VANCOUVER, British Columbia, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Skeena Resources Limited (TSX: SKE, NYSE: SKE) (“Skeena Gold & Silver”, “Skeena” or the “Company”) is pleased to announce that the Tahltan Nation has voted in support of the Impact Benefit Agreement (“IBA”) in relation to the development and future operation of Skeena’s
In a referendum vote among its membership, the Tahltan Nation voted in favor of the proposed Impact Benefits Agreement in relation to the Eskay Creek Project. A decision from the Tahltan Central Government Board of Directors regarding consent to the Eskay Creek Project will be under consideration in January 2026.
The IBA establishes a framework that ensures shared benefits, including:
- Employment and business opportunities for Tahltan members and companies;
- Training and education initiatives to build long-term capacity;
- Funding for a facility to benefit Tahltan elders; and
- Meaningful financial participation in the Eskay Creek Project.
Walter Coles, Executive Chairman of Skeena, commented: “We extend our sincere appreciation to the leadership of the Tahltan Central Government, Tahltan Band, and Iskut Band for trusting Skeena to advance Eskay Creek. The ratification of this IBA reflects the hard work we have achieved together. This innovative agreement sets new industry standards for First Nation involvement in environmental protection and sharing of benefits from the Project.”
Justin Himmelright, Senior Vice President of External Affairs, commented: “We see the IBA as the foundation for a long-term, meaningful partnership between Eskay Creek and the Tahltan Nation. Over the years, the Tahltan Nation has played a key role in shaping the direction of the project. They have shared their environmental, cultural, and economic priorities and we have worked together to ensure those values are reflected in the Project.”
About Skeena
Skeena is a leading precious metals developer that is focused on advancing the Eskay Creek Gold-Silver Project – a past producing mine located in the renowned Golden Triangle in British Columbia, Canada. Eskay Creek will be one of the highest-grade and lowest cost open-pit precious metals mines in the world, with substantial silver by-product production that surpasses many primary silver mines. Skeena is committed to sustainable mining practices and maximizing the potential of its mineral resources. In partnership with the Tahltan Nation, Skeena strives to foster positive relationships with Indigenous communities while delivering long-term value and sustainable growth for its stakeholders.
On behalf of the Board of Directors of Skeena Gold & Silver,
| Walter Coles Executive Chairman | Randy Reichert President & CEO |
For further information, please contact:
Galina Meleger,
Vice President Investor Relations
E: info@skeenagold.com
T: 604-684-8725
W: www.skeenagoldsilver.com
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Skeena’s Corporate Head office is located at Suite #2600 – 1133 Melville Street, Vancouver BC V6E 4E5
Cautionary note regarding forward-looking statements
Certain information contained or incorporated by reference in this news release, including any information as to our strategy, projects, plans or future financial or operating performance, constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities legislation (collectively, “forward-looking statements”). All statements other than statements of historical fact are forward-looking statements. The use of words such as “anticipate”, “believe”, “propose”, “contemplate”, “generate”, “target”, “progress”, “invest”, “continue”, “develop”, “on track”, “ongoing”, “project”, “plan”, “consider”, “estimate”, “expects”, “expect”, “potential” “may”, “might”, “will”, “could”, “should” or “would” and similar expressions identify forward-looking statements. In particular, this news release contains and incorporates by reference forward-looking statements including, but not limited to those regarding: the expected consent decision from the Tahltan Central Government Board of Directors; the projected generation of benefits for the Tahltan Nation; the progress of development at Eskay, including the construction budget, schedule and required funding in respect thereof; the timing for and the Company’s progress towards commencement of commercial production; production guidance in respect of costs or quantities; projected capital, operating and exploration expenditures; the Company’s capital structure; ongoing relationships with its stakeholders, including Indigenous communities; statements regarding the anticipated timing of receipt of the Environmental Assessment certificate; and the results of the Definitive Feasibility Study, processing capacity of the mine, anticipated by-products of the mine; anticipated mine life, probable reserves, estimated project capital and operating costs, sustaining costs, results of test work and studies, planned environmental assessments, the future price of metals, metal concentrate, and future exploration and development. Such forward-looking statements are based on material factors and/or assumptions which include, but are not limited to, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and the assumptions set forth herein and in the Company’s MD&A for the year ended December 31, 2024, its most recently filed interim MD&A, and the Company’s Annual Information Form (“AIF”) dated March 31, 2025. Such forward-looking statements represent the Company’s management expectations, estimates and projections regarding future events or circumstances on the date the statements are made, and are necessarily based on several estimates and assumptions that, while considered reasonable by the Company as of the date hereof, are not guarantees of future performance. Actual events and results may differ materially from those described herein, and are subject to significant operational, business, economic, and regulatory risks and uncertainties. The risks and uncertainties that may affect the forward-looking statements in this news release include, among others: the inherent risks involved in exploration and development of mineral properties, including permitting and other government approvals; changes in economic conditions, including changes in the price of gold and other key variables; changes in mine plans and other factors, including accidents, equipment breakdown, bad weather and other project execution delays, many of which are beyond the control of the Company; environmental risks and unanticipated reclamation expenses; and other risk factors identified in the Company’s MD&A for the year ended December 31, 2024, its most recently filed interim MD&A, the Company’s AIF dated March 31, 2025, the Company’s short form base shelf prospectus dated March 19, 2025, and in the Company’s other periodic filings with securities and regulatory authorities in Canada and the United States that are available on SEDAR+ at www.sedarplus.ca or on EDGAR at www.sec.gov.
Readers should not place undue reliance on such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and the Company does not undertake any obligations to update and/or revise any forward-looking statements except as required by applicable securities laws.
FAQ
What did Skeena (SKE) announce about the Eskay Creek IBA on December 15, 2025?
What key benefits does the Eskay Creek IBA offer Tahltan members according to Skeena (SKE)?
Is Tahltan Central Government consent for Eskay Creek final after the Dec 15, 2025 vote?
How does Skeena describe the IBA’s role in the Eskay Creek project partnership?
What is the next milestone for Eskay Creek after the Tahltan membership vote mentioned by Skeena (SKE)?
