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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

Shares outstanding
60952631
Mineral resource
Proven and Probable Mineral Reserves for open-pit mining of 39.8 million tonnes ("Mt") containing 3.3 million ounces ("Moz") gold and 88.0 Moz silver (4.6 Moz AuEq). The effective date of the Mineral Resource Estimate is June 20, 2023. Mineral resources are reported inclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The number of metric tonnes and ounces were rounded to the nearest million. Any discrepancies in the totals are due to rounding.
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. Gold oz (Proven & Probable): 3.3M, Gold equivalent oz (Proven & Probable): 4.6M, Silver OZ (Proven & Probable): 88M, Reserves in proven category: 80%.","Snip Deposit: Located ~40km west of Eskay Creek, Skeena’s 100%-owned Snip Gold Project is a past producing underground mine that produced 1.1 million ounces of gold between 1991 – 1999 at an average grade of 27.5 gpt. Skeena obtained full ownership of Snip in 2017 from Barrick. The Snip vein mineralization, discovered in 1964 by Cominco geologist Ted Muraro, lay dormant until drilled in 1986 as part of a Cominco joint venture with Netolitzky-led Delaware Resources. Those drill results triggered a massive claim staking rush and exploration boom throughout the Golden Triangle that led to the discovery and development Eskay Creek. Snip represents a significant opportunity to bolster the latter half of Eskay Creek’s production profile by acting as a ‘satellite deposit’. Ore from Snip can be trucked to the mill at Eskay Creek and processed there. Snip’s high-grade ore also has the potential to increase concentrate grades and payabilities. None of the material at Snip is currently included in project economics."]
Leadership
Walter Coles, B.A. (Executive Chairman, Mr. Coles brings 20 years of leadership experience in the mining industry, having served as CEO and President of several Toronto Venture Exchange–listed junior exploration and development companies. His career in mining began with a deeply personal connection — the development of a mineral resource discovered on his family’s farmland in Virginia.), Randy Reichert, M.Sc. Eng., P.Eng. (President, Chief Executive Officer & Director, Mr. Reichert has 40 years of experience in the mining industry and prior to joining Skeena, was the Vice President of Operations at B2Gold Corp. where he oversaw their three international gold operations.), Craig Parry, B.Sc. (Lead Independent Director, Mr. Parry has served as CEO, President & Chairman for several Australian and Toronto Venture Stock Exchange listed mining companies. He is currently the Chairman of Vizsla Silver Corp.), Suki Gill, CA (Director, Ms. Gill currently serves as a partner at Smythe LLP. She is a Chartered Accountant with 19 years experience and specializes in providing assurance services to publicly traded companies.), Greg Beard, B.A. (Director, Mr. Beard has over 25 years of investment management experience. Most recently he was Global Head of Natural Resources at Apollo Global Management.), Nathalie Sajous, B.A., MBA (Director, Ms. Sajous has extensive experience leading teams and advising partners on the application of digital technologies, having worked with companies like Google and Microsoft.), Hansjoerg Plaggemars (Director, Mr. Plaggemars has extensive experience on public company boards and is a seasoned finance professional with experience in structured debt finance and equity capital markets.)

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