Skeena Resources: Helikon, Riggio disclose 16.87M shares, 14.67%

Rhea-AI Filing Summary

Skeena Resources Ltd (SKE): Schedule 13G/A (Amendment No. 3)—Helikon Investments Limited and Federico Riggio reported beneficial ownership of 16,871,819 common shares, representing 14.67% of the class as of the event date 09/30/2025.

The reporting persons disclose shared voting power: 16,871,819 and shared dispositive power: 16,871,819, with no sole voting or dispositive power. The percentage is calculated based on 115,034,504 shares outstanding. They certify the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Skeena Resources Ltd

(Name of Issuer)

Common Shares, no par value

(Title of Class of Securities)

83056P715

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 83056P715

1

Names of Reporting Persons

Helikon Investments Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 16,871,819.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 16,871,819.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

16,871,819.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.67 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP No. 83056P715

1

Names of Reporting Persons

Federico Riggio

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ITALY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 16,871,819.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 16,871,819.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

16,871,819.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.67 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Skeena Resources Ltd
(b)	Address of issuer's principal executive offices: 1133 Melville Street, Suite 2600, Vancouver, British Columbia, V6E 4E5, Canada
Item 2.
(a)	Name of person filing: (i) Helikon Investments Limited, a United Kingdom public limited company ("Helikon UK"), with respect to the American Depositary Shares ("ADSs"), each representing 20 Class B common shares ("Class B Shares") of Empresa Distribuidora y Comercializadora Norte S.A., an Argentinian corporation (the "Company"), held by Helikon Long Short Equity Fund Master ICAV (the "Helikon Fund") managed by Helikon UK; and (ii) Federico Riggio ("Mr. Riggio", and together with Helikon UK, the "Reporting Persons"), with respect to the ADS's directly held by the Helikon Fund.
(b)	Address or principal business office or, if none, residence: (i) Helikon UK; 17 Waterloo Place, London SW1Y 4AR. (ii) Mr. Riggio 17 Waterloo Place, London SW1Y 4AR.
(c)	Citizenship: Helikon UK is a United Kingdom public limited company organized under the laws of the United Kingdom. Mr. Riggio is a citizen of the Italy.
(d)	Title of class of securities: Common Shares, no par value
(e)	CUSIP No.: 83056P715
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Helikon UK is an investment manager, authorized and regulated by the Financial Conduct Authority in the United Kingdom which is comparable to the regulatory scheme applicable to the investment advisers covered by Item 3(e) above.
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 115,034,504 Shares outstanding.
(b)	Percent of class: 14.67%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See Item 2(a).
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Helikon Investments Limited

Signature:	/s/ Paul McLernon
Name/Title:	Paul McLernon - Director
Date:	10/28/2025

Federico Riggio

Signature:	/s/ Federico Riggio
Name/Title:	Federico Riggio
Date:	10/28/2025

Exhibit Information

Exhibit I JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. Dated: Nov 14, 2025 Helikon Investments Limited By: /s/ Paul McLernon Paul McLernon | Director Federico Riggio By: /s/ Federico Riggio

FAQ

What stake in Skeena Resources (SKE) is reported in this 13G/A?

The filing reports 16,871,819 common shares, equal to 14.67% of the class.

Who are the reporting persons in the Skeena Resources Schedule 13G/A?

The reporting persons are Helikon Investments Limited and Federico Riggio.

What voting and dispositive powers are disclosed?

They report shared voting power: 16,871,819 and shared dispositive power: 16,871,819, with no sole power.

What is the date of the event requiring the filing?

The date of event is 09/30/2025.

What share count was used to calculate the ownership percentage?

The calculation is based on 115,034,504 shares outstanding.

Does the filing indicate an intent to influence control at Skeena Resources?

No. It certifies the holdings are in the ordinary course of business and not to change or influence control.

What form type is this filing for Skeena Resources (SKE)?

It is a Schedule 13G/A (Amendment No. 3).