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Skeena Resources Ltd.

TSX:SKELive AI agent

Skeena Gold & Silver is a Canadian mining company focused on gold and silver development in the Golden Triangle of British Columbia.

Investor website: https://skeenagoldsilver.com/

About

Skeena Gold & Silver is a Canadian mining company focused on gold and silver development in the Golden Triangle of British Columbia. The company aims to be a positive force in society by creating value for stakeholders and contributing to a better world. Its flagship asset, Eskay Creek, is an open-pit mine being developed in partnership with the Tahltan Nation, with production expected to start in 2027.

Verified company data

Cash position
C$40.0 million
Shares outstanding
60952631
Mineral resource
Eskay Creek Reserves & Resources – Pit-constrained (as of December 31, 2023) | | Tonnes <br>(Mt) | Au<br>(gpt) | Ag<br>(gpt) | AuEq<br>(gpt) | Au oz<br>(Moz) | Ag oz<br>(Moz) | AuEq Oz<br>(Moz) | | --- | --- | --- | --- | --- | --- | --- | --- | | **Mineral Reserves** | | | | | | | | | Proven | 28.0 | 3.0 | 80.9 | 4.1 | 2.7 | 72.7 | 3.7 | | Probable | 11.9 | 1.8 | 40.1 | 2.3 | 0.7 | 15.3 | 0.9 | | **Total Proven & Probable Reserves** | **39.8** | **2.6** | **68.7** | **3.6** | **3.3** | **88.0** | **4.6** | | | | | | | | | | | **Mineral Resources** | | | | | | | | | Measured | 27.8 | 3.3 | 87.9 | 4.6 | 3.0 | 78.6 | 4.1 | | Indicated | 22.3 | 1.6 | 32.0 | 2.1 | 1.1 | 22.9 | 1.5 | | **Total Measured & Indicated resources** | **50.1** | **2.6** | **63.0** | **3.4** | **4.1** | **101.4** | **5.5** | | Inferred Resources | 0.65 | 1.5 | 32.4 | 1.9 | 0.03 | 0.7 | 0.04 | Notes for Reserves: 1. Mineral Resources are reported at the point of delivery to the process plant, using the 2014 CIM Definition Standards, with an effective date of November 14, 2023. The Qualified Person for the estimate is Ms. Terre Lane, MMSA QP, a GRE employee. 2. Mineral Resources are constrained within an open pit shell that uses the following assumptions: gold price of US$1,700/oz, Mineral Reserves are stated within the final design pit based on a US$1,800/oz gold price and US$23.00/oz silver price. Gold and silver recoveries were 83% and 91%, respectively during the LOM scheduling. An NSR cut-off of C$24.45/t was used to estimate Mineral Reserves based on preliminary processing costs of $18.22/t ore processed and G&A costs of C$6.23/t ore processed. Final operating costs within the pit design were C$2.96/t mined, with associated process costs of C$19.16/t ore processed, G&A costs of C$5.69/t ore processed and water treatment costs of C$2.50/t ore processed. Pit slope inter-ramp angles ranged from 26–51°. 3. Mineral Reserves are reported at a net smelter return cut-off of C$24.45/t, using the equation AuEq = ((Au (g/t) * 1,800 * 0.83) + (Ag (g/t)* 23 * 0.91))/(1,800 * 0.83), and inputs of processing costs of C$18.22/t ore processed and G&A costs of C$6.23/t ore processed. 4. Numbers have been rounded and may not sum. Notes for Resources: 1. Mineral Resources are reported insitu, using the 2014 CIM Definition Standards, with an effective date of June 20, 2023. The Qualified Person for the estimate is Ms. Terre Lane, MMSA QP, a GRE employee. 2. CIM Definition Standards, with an effective date of June 20, 2023. The Qualified Person for the estimate is Ms. Terre Lane, MMSA QP, a GRE employee. 3. Mineral Resources are reported inclusive of those Mineral Resources converted to Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. 4. Mineral Resources are constrained within a conceptual open pit shell that uses the following assumptions: gold price of US$1,700/oz, silver price of US$23/oz; metallurgical recoveries of 84% for gold and 88% for silver; reference mining cost of US$3.00/t mined; mining dilution of 5%; mining recovery of 95%; processing cost of US$15.50/t processed; general and administrative costs of US$6.00/t processed; transportation and refining costs of US$18.5/oz Au and US$7/oz Ag; and overall pit slope angles of 45°. 5. Mineral Resources are reported at a cut-off grade of 0.7 g/t AuEq, using the equation AuEq = ((Au (g/t) * 1,700 * 0.84)+ (Ag (g/t)* 23 * 0.88))/(1,700 * 0.84). 6. Numbers have been rounded and may not sum. **Eskay Creek Resources – Underground** (as of December 31, 2023) | | Tonnes <br>(Kt) | Au<br>(gpt) | Ag<br>(gpt) | AuEq<br>(gpt) | Au oz<br>(Koz) | Ag oz<br>(Koz) | AuEq Oz<br>(Koz) | | --- | --- | --- | --- | --- | --- | --- | --- | | **Mineral Resources** | | | | | | | | | Measured | 834 | 5.3 | 142.6 | 7.3 | 142 | 3,830 | 196 | | Indicated | 988 | 4.1 | **55.7** | 4.9 | 131 | 1,766 | 156 | | **Total Measured & Indicated Resources** | **1,821** | **4.7** | **95.6** | **6.0** | **273** | **5,699** | **352** | | Inferred Resources | 272 | 4.2 | 25.4 | 4.6 | 37 | 222 | 40 | Notes to Accompany Mineral Resources Potentially Amenable to Underground Mining Methods: 1. Mineral Resources are reported insitu, using the 2014 CIM Definition Standards, with an effective date of June 20, 2023. The Qualified Person for the estimate is Ms. Terre Lane, MMSA QP, SME Registered Member, a GRE employee. 2. CIM Definition Standards, with an effective date of June 20, 2023. The Qualified Person for the estimate is Ms. Terre Lane, MMSA QP, a GRE employee. 3. Mineral Resources are reported inclusive of those Mineral Resources converted to Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. 4. Mineral Resources are constrained within stope-optimized shapes that use the following assumptions: gold price of US$1,700/oz, silver price of US$23/oz; metallurgical recoveries of 84% for gold and 88% for silver; reference mining cost of US$100/t mined; processing cost of US$25/t processed; general and administrative costs of US$12/t processed; transportation and refining costs of US$18.50/oz Au and US$7/oz Ag, and a mining recovery of 95%. 5. Mineral Resources are reported at a cut-off grade of 3.2 g/t AuEq, using the equation AuEq = ((Au (g/t) * 1,700 * 0.84)+ (Ag (g/t)* 23 * 0.88))/(1,700 * 0.84). 6. Numbers have been rounded and may not sum.
Projects
["Skeena Gold & Silver Secures Environmental Assessment Certificate and Federal Impact Assessment Approval for Eskay Creek\n\nJanuary 27, 2026\n\nVancouver, B.C. (January 27, 2026) Skeena Resources Limited (TSX: SKE, NYSE: SKE) (“Skeena Gold & Silver”, “Skeena” or the “Company”) is pleased to announce that it has received its Environmental Assessment Certificate ( “EAC”) for the Company’s 100%-owned Eskay Creek Gold-Silver Project (“Eskay” or the “Project”) located in Northwestern British Columbia (“B.C.”), Canada. The results of the Environmental Assessment have been reviewed by Canada’s Minister of Environment and Climate Change and approved under the Federal Impact Assessment Act.\n\nThe EAC was issued by the B.C. Minister of Mining & Critical Minerals and the B.C. Minister of Environment & Parks and jointly approved by the Tahltan Central Government. Receipt of the EAC represents a major milestone for the Project and concludes a rigorous Environmental Assessment process initiated in August 2024. The process included more than 60 engagement sessions within local communities and over 500 meetings with the Tahltan Central Government. Skeena also engaged with both local and non-local Indigenous groups as part of its consultation efforts. This included engagement with the Nisga’a Lisims Government, Gitanyow Hereditary Chiefs, the Tsetsaut Skii km Lax Ha Nation, the Southeast Alaska Indigenous Transboundary Commission, and other constituent Alaska tribes. More than 4,000 written comments from community members were received and individually addressed throughout the environmental assessment process. The Tahltan Nation’s consent to the Project is embedded within the EAC, marking a historic first in Canada through a landmark Section 7 agreement signed in 2022 between the Government of British Columbia and the Tahltan Central Government.\n\nNalaine Morin, Senior Vice President of Environment & Social Affairs of Skeena, commented: “This achievement is especially meaningful to me as a member of the Tahltan Nation. Receiving our EA Certificate as the first company in Canadian history through the Section 7 agreement, demonstrates what is possible when Indigenous rights and responsible resource development are advanced together. This milestone reflects years of trust-building, hard work, and a shared commitment to doing things differently. At Skeena, we are proud of what has been accomplished and remain firmly committed to reconciliation as an ongoing, living practice that guides how we operate today and into the future.”\n\nRandy Reichert, Chief Executive Officer of Skeena, commented, “This is a defining moment in our Company’s history. I would like to thank the Government of British Columbia for its support of the Project and for prioritizing our application approval. I would also like to thank the Tahltan Nation for their partnership and collaboration over the last ten years. The issuance of the EAC reflects this collaboration and reinforces Eskay Creek’s position as setting the standard for responsible, world-class development in British Columbia. I further extend my appreciation to the Skeena Regulatory Engagement team for their tireless efforts in advancing a rigorous environmental assessment. The team set new benchmarks for meeting timelines while skillfully navigating new challenges associated with the Section 7 agreement.”\n\nHonourable Jagrup Brar, Minister of Mining and Critical Minerals, stated, “I would like to extend my thanks to Skeena Gold and Silver for its collaborative approach and its commitment to working respectfully with the Tahltan Nation and government partners throughout the process. This kind of collaboration is critical to advance important projects like Eskay Creek, which will benefit the entire province while protecting the environment and continuing on our path to reconciliation.”"]
Leadership
Walter Coles (Executive Chairman), Randy Reichert (President & CEO), Nalaine Morin (Senior Vice President, Environment and Social Affairs, Recognized professional with extensive expertise in mining and environmental assessments. Former Lands Director for the Tahltan Central Government.), Andrew Osterloh (Vice President of Project Engineering and Construction, Professional engineer with over 25 years of mining industry experience in process engineering and project management.), Timothy Sewell (Vice President of Health and Safety, Distinguished HSEST and Risk Management Professional with over 30 years of experience.), Karen Leven (Vice President of Environment and Regulatory Affairs, Canadian Certified Environmental Professional with 25 years of mining experience specializing in environmental and regulatory management.), Hansjoerg Plaggemars (Director, Finance professional with extensive experience on public company boards and in structured debt finance.)

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