Skeena Gold & Silver Releases Construction Video Update for Eskay Creek
Rhea-AI Summary
Skeena Gold & Silver (TSX/NYSE: SKE) released a construction video update for its 100%-owned Eskay Creek Gold-Silver Project on February 17, 2026. The six-minute video features company leaders and shows on-site construction progress, safety focus, and management efforts to keep the project on schedule.
The video is available via the company website and social media channels for investor viewing.
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News Market Reaction
On the day this news was published, SKE declined 4.14%, reflecting a moderate negative market reaction. Argus tracked a trough of -3.6% from its starting point during tracking. Our momentum scanner triggered 17 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $166M from the company's valuation, bringing the market cap to $3.83B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
SKE gained 7.44% while momentum peers like BVN, HL, and VZLA showed downside moves (median about -2.6%). Broader basic materials names in the affinity list were mixed, highlighting a stock-specific reaction to this project update rather than a uniform sector swing.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 03 | Permitting complete | Positive | +6.2% | Final Environmental Management Act permit completing regulatory approvals for Eskay Creek. |
| Jan 28 | Mines Act permit | Positive | +4.5% | BC Mines Act Permit issuance advancing Eskay Creek toward commercial development. |
| Jan 27 | EAC & federal OK | Positive | +4.0% | Environmental Assessment Certificate and federal Impact Assessment Act approval for Eskay Creek. |
| Dec 15 | Tahltan IBA vote | Positive | +0.7% | Tahltan Nation vote in favour of Eskay Creek Impact Benefit Agreement terms. |
| Nov 13 | Q3 2025 results | Neutral | -1.7% | Release of Q3 2025 financials and notice of a senior exploration executive’s planned departure. |
Recent Eskay Creek-related announcements, especially permitting milestones, have tended to coincide with positive price reactions, suggesting the market has rewarded visible progress on advancing the project.
Over the last few months, Skeena has steadily de-risked the 100%-owned Eskay Creek project. Key permitting milestones were secured on Jan 27, 2026 (Environmental Assessment Certificate and federal approval), Jan 28, 2026 (BC Mines Act Permit), and Feb 3, 2026 (Environmental Management Act Permit), each followed by gains of 4.05%, 4.52%, and 6.21% respectively. Earlier, a Tahltan Nation vote on Dec 15, 2025 supporting an Impact Benefit Agreement also saw a modest 0.65% rise. Today’s construction video update fits into this sequence of de-risking and execution updates at Eskay Creek.
Market Pulse Summary
This announcement highlights visible construction progress at the 100%-owned Eskay Creek Gold-Silver Project through a six-minute leadership-led video. It follows a series of major permitting and community milestones that previously advanced the project toward commercial development. Investors may track future updates on schedule adherence, cost control, and execution at Eskay Creek, as these have historically coincided with notable share-price reactions when key regulatory or partnership steps were disclosed.
AI-generated analysis. Not financial advice.
VANCOUVER, British Columbia, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Skeena Resources Limited (TSX: SKE, NYSE: SKE) (“Skeena Gold & Silver”, “Skeena” or the “Company”) is pleased to share a construction video update for its
The video provides investors with a firsthand look at construction progress at site and the disciplined efforts of the Management team to deliver the project safely, efficiently, and on schedule.
The video is available here, on the company website and social media channels.
About Skeena
Skeena is a leading precious metals development company focused on advancing the fully permitted Eskay Creek Gold-Silver Project, located in British Columbia’s Golden Triangle, Canada. The Company is progressing Eskay Creek towards initial production and cash flow in the second quarter of 2027. Once in operation, Eskay Creek is expected to be one of the world’s highest-grade and lowest-cost open-pit precious metals mines, with significant silver by-product production that exceeds the output of many primary silver mines. Skeena is committed to responsible and sustainable mining while maximizing the value of its mineral resources to generate long-term shareholder returns.
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
X / Facebook / LinkedIn / Instagram
Skeena’s Corporate Head office is located at Suite #2600 – 1133 Melville Street, Vancouver BC V6E 4E5
Cautionary note regarding forward-looking statements
Certain statements and information contained or incorporated by reference in this news release constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities legislation (collectively, “forward-looking statements”). These statements relate to future events or our future performance. The use of words such as “anticipates”, “believes”, “proposes”, “contemplates”, “generates”, “targets”, “is projected”, “is planned”, “considers”, “estimates”, “expects”, “is expected”, “potential” and similar expressions, or statements that certain actions, events or results “may”, “might”, “will”, “could”, or “would” be taken, achieved, or occur, may identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements. Specific forward-looking statements contained herein include, but are not limited to, statements regarding 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; and the results of the Definitive Feasibility Study, processing capacity of the mine, anticipated mine life, probable reserves, estimated project capital and operating costs, sustaining costs, results of test work and studies, 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, 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; 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, expectations regarding the continued validity of the Project’s permits and environmental assessment certificate, as well as potential outcomes of any related current or future legal challenges; 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 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
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