Skeena Releases 2024 Sustainability Report Entitled "Rebuilding Together"

Rhea-AI Summary

Skeena Resources Limited (TSX/NYSE: SKE) has released its 2024 Sustainability Report titled "Rebuilding Together," highlighting the company's sustainable development activities at its Eskay Creek Project in British Columbia. Key achievements include: employing 766 full-time workers with 28% Indigenous representation, maintaining a 3.3 Total Recordable Injury Frequency Rate, and spending $97 million in British Columbia, including $37.8 million with Indigenous-owned businesses. The company submitted an Environmental Assessment Certification application and conducted over 300 meetings with Indigenous groups, particularly the Tahltan Nation. Under CEO Randy Reichert and VP of Environment Nalaine Morin's leadership, Skeena continues to prioritize Indigenous partnerships, environmental stewardship, and community engagement in advancing the Eskay Creek Project.

Positive

• 28% of full-time employees are Indigenous, with 16% in management positions
• $97 million spent in British Columbia, with $37.8 million going to Indigenous-owned businesses
• Strong safety record with 3.3 TRIFR and no serious injuries
• Extensive community engagement with over 300 meetings with Indigenous groups

Negative

• None.

VANCOUVER, BC / ACCESS Newswire / May 6, 2025 / Skeena Resources Limited (TSX:SKE)(NYSE:SKE) ("Skeena Gold & Silver", "Skeena" or the "Company") today published its 2024 Sustainability Report, offering stakeholders an update on its sustainable development activities and performance. The report highlights Skeena's environmental, social and ethical business practices, as well as the significant economic benefits that Eskay Creek ("Eskay" or the "Project") will deliver to Indigenous Nations, the province of British Columbia and Canada.

Randy Reichert, Chief Executive Officer of Skeena, commented: "This report underscores our commitment to responsible mining, strong partnerships, and an inclusive approach that fosters collaboration and shared value. At the heart of these efforts is our meaningful engagement with Indigenous communities-particularly the Tahltan Nation-whose guidance continues to shape Skeena's approach to advancing the Eskay Creek Project in British Columbia."

Nalaine Morin, Vice President of Environment & Regulatory Affairs of Skeena, commented: "Over the past year, we've continued to prioritize our Indigenous partners at every stage of our work, recognizing their vital role in shaping decisions on Indigenous Lands. As a proud member of the Tahltan Nation, I am honored to bring an Indigenous perspective to Skeena and help guide this project in alignment with our values and vision."

2024 Sustainability Highlights:

• Developed and submitted a robust Environmental Assessment Certification application for Eskay Creek to BC and the Tahltan Central Government, incorporating community input and extensive environmental research.

• Maintained and added safety measures to protect our people and the environment, helping to record a 3.3 Total Recordable Injury Frequency Rate (TRIFR) per 200,000 hours worked with no serious injuries or cases of work-related illness.

• Employed 766 full-time workers, including 450 contractors and 316 employees; 28% of full-time Skeena employees were Indigenous, with 16% of these in management positions

• $97 million (after tax) was spent to procure products and services in British Columbia, of which $37.8 million were purchases from Indigenous-owned businesses and entities.

• Skeena representatives held over 300 meetings with the Tahltan Nation, other Indigenous groups and local community members with respect to the Eskay Creek Project - to gather input, share updates and foster positive, long-term relationships.

• Invested in our people through new and existing training, mentorship and safety programs, among other initiatives, and refreshed our core values.

• Refreshed Skeena's website to reflect our growth, new brand and to make information easier for stakeholders to access, and created a virtual open house that provides details about our actions for Eskay Creek related to engagement, public health, environmental topics such as water, air quality, land and wildlife, and more.

The 2024 Sustainability Report is aligned with the Sustainability Accounting Standards Board (SASB) framework and has been informed by the Global Reporting Initiative (GRI) standards. Skeena's 2024 Sustainability Report is available on the Company's website at www.skeenagoldsilver.com

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

SOURCE: Skeena Resources Limited

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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 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; outcome related to the EA certificate and the restart of operations, future progress at Eskay Creek and adherence to the timeline, future actions and commitments regarding environmental stewardship and community engagement; 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, 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; the receipt and timing of the environmental assessment certificate,; 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 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.

SOURCE: Skeena Resources Limited

View the original press release on ACCESS Newswire

FAQ

What percentage of Skeena Resources (SKE) employees are Indigenous in 2024?

28% of Skeena Resources' full-time employees are Indigenous, with 16% of these employees holding management positions.

How much did Skeena Resources (SKE) spend on local procurement in British Columbia in 2024?

Skeena Resources spent $97 million (after tax) in British Columbia, with $37.8 million specifically allocated to Indigenous-owned businesses and entities.

What is Skeena Resources' (SKE) safety record in 2024?

Skeena Resources maintained a 3.3 Total Recordable Injury Frequency Rate (TRIFR) per 200,000 hours worked, with no serious injuries or cases of work-related illness.

How many employees does Skeena Resources (SKE) have in 2024?

Skeena Resources employed 766 full-time workers, consisting of 450 contractors and 316 direct employees.

How is Skeena Resources (SKE) engaging with Indigenous communities for the Eskay Creek Project?

Skeena Resources held over 300 meetings with the Tahltan Nation and other Indigenous groups, gathering input and sharing updates while working closely with Indigenous partners in the Environmental Assessment Certification process.