OrbitonOpen research workspace →
Skeena Resources Ltd. logo

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, Canada.

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, Canada. The company aims to be a positive force in society by creating value for stakeholders and contributing to sustainable development. 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.
Projects
["Eskay Creek: Located in the heart of northwest British Columbia’s Golden Triangle region, Eskay Creek is a high-grade volcanogenic massive sulphide deposit that was previously operated as an underground mine from 1994-2008. Today, Skeena is redeveloping Eskay Creek as an open-pit mining operation with a projected 12-year mine life. The mine is 100%-owned by Skeena, and we are revitalizing it in full collaboration with the Tahltan Nation, while diligently ensuring that Tahltan rights, culture, land and resources are respected and safeguarded. Eskay Creek has all the attributes of a world-class mine including grade, scale, significant cashflow and a stable geopolitical jurisdiction. Eskay Creek is renowned for being one of the highest-grade and lowest-cost open-pit precious metals mines globally. Additionally, estimated silver by-product production will surpass many primary silver mines. With an excellent infrastructure already in place and funding secured to modernize the mine, we anticipate initial production to begin in 2027. Once operational, the restored Eskay Creek will bring new, meaningful economic and social benefits to our stakeholders, including the Province of British Columbia, through the creation of jobs, wealth generation, skills training, community development, local procurement and tax revenue."]
Leadership
Walter Coles, B.A. (Executive Chairman, 20 years of leadership experience in the mining industry, previously served as CEO and President of several Toronto Venture Exchange–listed companies.), Randy Reichert, M.Sc. Eng., P.Eng. (President, Chief Executive Officer & Director, 40 years of experience in the mining industry, previously Vice President of Operations at B2Gold Corp.), Craig Parry, B.Sc. (Lead Independent Director, has served as CEO, President & Chairman for several mining companies, currently Chairman of Vizsla Silver Corp.), Suki Gill, CA (Director, partner at Smythe LLP with 19 years of experience in assurance services for publicly traded companies.), Greg Beard, B.A. (Director, over 25 years of investment management experience, previously Global Head of Natural Resources at Apollo Global Management.), Nathalie Sajous, B.A., MBA (Director, extensive experience in digital technologies and business development at companies like Google and Microsoft.), Hansjoerg Plaggemars (Director, seasoned finance professional with extensive experience on public company boards and structured debt finance.)

Verified data last updated:

Recent filings