Research analysts covering Skeena Resources.
Recent press releases and 8-K filings for SKE.
Skeena Resources Reports Q3 2025 Financial Results
SKE
Earnings
New Projects/Investments
Debt Issuance
- Skeena Resources reported a loss and comprehensive loss of $36,797 thousand for Q3 2025, with a loss per share of $(0.32). For the nine months ended September 30, 2025, the loss was $111,078 thousand, with a loss per share of $(0.98).
- The decrease in loss for Q3 2025 compared to Q3 2024 was primarily driven by a significant reduction in exploration and evaluation expenses to $2,681 thousand (Q3 2024: $51,981 thousand) and a gain of $26,767 thousand on marketable securities. This was partially offset by an increased loss on the revaluation of the derivative liability to $48,940 thousand.
- The company's cash and cash equivalents totaled $108,216 thousand as of September 30, 2025. Net cash provided by financing activities for the nine months ended September 30, 2025, was $282,747 thousand, largely due to proceeds from the gold stream of $206,876 thousand and bought deal financing of $88,347 thousand.
- Skeena Resources transitioned its Eskay Creek Project to the development phase at the end of December 2024, resulting in the capitalization of project costs as mineral property, plant and equipment, which increased to $437,742 thousand as of September 30, 2025.
Nov 13, 2025, 10:04 PM
Skeena Resources Closes C$143.8 Million Equity Offering
SKE
New Projects/Investments
- On October 8, 2025, Skeena Resources Limited closed a bought deal offering of 5,991,500 common shares at C$24.00 per common share.
- The offering generated aggregate gross proceeds of C$143,796,000, which included the full exercise of the over-allotment option.
- The company intends to use the proceeds for the continued advancement of its Eskay Creek gold-silver project and for general corporate purposes.
Oct 10, 2025, 1:38 AM
Skeena Resources Limited Outlines Eskay Creek Project Development and Financial Projections
SKE
New Projects/Investments
Guidance Update
Debt Issuance
- Skeena Resources Limited is developing its flagship Eskay Creek gold-silver project in British Columbia, targeting production in 2027. The project is fully financed with a $1 billion Canadian commitment from Orion Resource Partners against an initial CapEx of $765 million Canadian.
- The Eskay Creek project is projected to generate $1.1 billion Canadian in after-tax annual free cash flow and $1.8 billion Canadian in EBITDA during the first five years of production, with an after-tax NPV of $6.1 billion Canadian and an IRR of 86%.
- The company anticipates receiving its environmental assessment certificate in Q4 2025, which is identified as a major catalyst for its share price.
- Eskay Creek is expected to produce 450,000 ounces of gold-equivalent metal per year with a robust grade profile of 5.5 grams per ton equivalent in its initial years, positioning it among the highest-grade open-pit mines globally.
- Management projects a potential market capitalization of $10 billion in two years, up from the current $3 billion, driven by project advancement and cash flow generation.
Oct 9, 2025, 6:30 AM
Skeena Resources Closes C$143.8 Million Bought Deal Financing
SKE
New Projects/Investments
- Skeena Resources Limited closed a bought deal offering on October 8, 2025, raising C$143,796,000 in gross proceeds.
- The offering involved the sale of 5,991,500 common shares at a price of C$24.00 per common share, including the full exercise of the over-allotment option.
- The proceeds from this financing will be used for the continued advancement of the Eskay Creek gold-silver project and for general corporate purposes.
Oct 8, 2025, 12:31 PM
Skeena Resources Announces C$125 Million Bought Deal Financing
SKE
New Projects/Investments
- Skeena Resources Limited announced a bought deal offering of 5,210,000 common shares at C$24.00 per share, expecting to raise approximately C$125,040,000 in gross proceeds.
- An over-allotment option for an additional 781,500 common shares could increase the total gross proceeds to approximately C$143,796,000 if fully exercised.
- The offering is anticipated to close around October 8, 2025, with proceeds allocated to advancing the Eskay Creek gold-silver project, general corporate purposes, and securing liquidity for permitting.
- This financing represents approximately 4.5% dilution to the Company's total market capitalization.
Oct 6, 2025, 10:04 AM
Skeena Resources Announces C$125 Million Bought Deal Financing
SKE
New Projects/Investments
- Skeena Resources Limited announced a C$125 million bought deal financing through the sale of 5,210,000 common shares at C$24.00 per share, led by BMO Capital Markets.
- The proceeds will primarily fund the continued advancement of the Eskay Creek gold-silver project and general corporate purposes, ensuring liquidity for permitting, which is a condition for accessing a US$750 million financing package from Orion Resource Partners.
- The offering, expected to close around October 8, 2025, will result in approximately 4.5% dilution to the Company's total market capitalization.
- As of September 30, 2025, the company had unaudited cash of approximately C$105 million.
- Government permitting for the Eskay Creek project is experiencing an unanticipated delay due to a BC government employee strike, while negotiations for the Impact Benefits Agreement are ongoing.
Oct 2, 2025, 1:21 AM
Skeena Resources Nears Permitting Completion for Fully Financed SK Creek Project
SKE
New Projects/Investments
Guidance Update
Debt Issuance
- Skeena Resources is advancing its fully financed SK Creek project, an open-pit gold-silver mine, towards production in 2027. The company expects to receive final permits, including the EA certificate and Major Mines Act permit, in Q4 2025.
- The project is projected to generate $1 billion in annual after-tax free cash flow and $1.7 billion in annual EBITDA in the first five years of operation at spot prices, with an after-tax IRR of 80% and a payback period of 0.6 years.
- SK Creek is expected to produce approximately 450,000 ounces of gold equivalent metal and 9.5 million ounces of silver annually in its initial five years, with a life-of-mine grade of 5.5 grams per ton equivalent.
- The company's current market capitalization is $3 billion, with a projected target valuation of $10 billion within two years as it moves into cash flow and production.
Sep 10, 2025, 9:30 PM
Skeena Details Eskay Creek Project's High-Grade Production, Strong Financials, and Permitting Timeline
SKE
New Projects/Investments
Guidance Update
Revenue Acceleration/Inflection
- Skeena's flagship Eskay Creek (SK Creek) project is being developed as a sizable open-pit mine, projected to produce 450,000 ounces of gold-equivalent metal per year at an average grade of 5.5 grams per ton equivalent, positioning it as one of the highest-grade open-pit mines globally.
- The project is fully financed with CAD 1 billion from Orion, exceeding the initial CapEx of CAD 765 million, and is expected to begin production in Q2 of 2027. Key permits, including the EA certificate, are anticipated in Q4 of 2025.
- Financial projections include an after-tax IRR of 80% and a payback period of 0.6 years, with annual after-tax free cash flow of $1 billion per year in the first five years. The company believes a $10 billion market cap is a realistic valuation within the next two years, significantly higher than its current $3 billion market cap.
- SK Creek also features a substantial silver component, with expected annual production of 9.5 million ounces per year in years 1-5, making it one of the largest primary silver mines globally and contributing to low unit costs.
Sep 10, 2025, 9:30 PM
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more