Skeena Resources Limited - SKE STOCK NEWS

Skeena Resources (TSX:SKE, NYSE:SKE) announced a victory in the British Columbia Court of Appeal regarding the Eskay Creek Mine waste rock and tailings in the Albino Lake Storage Facility. The Court overturned previous decisions by the Chief Gold Commissioner and the British Columbia Supreme Court, which had ruled in favor of Richard Mill and Orogenic Gold Corp. The Court of Appeal found that Skeena had not relinquished its rights to the Eskay Creek Material and that the original ruling was incorrect. The case is now referred back to the current Chief Gold Commissioner for reconsideration. The decision is seen as a significant win for Skeena, although the Eskay Creek Material is not part of the company's current Resource or Reserve Statements.

Skeena Resources (TSX:SKE)(NYSE:SKE) announced a significant financing package worth US$750 million (over C$1 billion) from Orion Resource Partners for the development of its Eskay Creek Gold-Silver Project. This funding aims to enhance the strategic direction of the company. The announcement follows a news release dated June 25, 2024. Skeena is hosting a webcast today, June 26, 2024, to provide detailed insights into this development. Key company executives, including Executive Chairman Walter Coles, President & CEO Randy Reichert, and CFO Andrew MacRitchie, will discuss the strategic rationale behind the financing deal and its impact on the project's future. The webcast will commence at 2:30pm Eastern (EDT) / 11:30am Pacific (PDT), accessible via the provided link.

Skeena Resources has secured a US$750 million financing package from Orion Resource Partners to advance its Eskay Creek Gold-Silver Project. The funding includes a US$100 million equity investment, US$200 million gold stream, US$350 million senior secured loan, and US$100 million cost over-run facility. This financing is structured to provide flexibility and certainty, allowing the project to proceed efficiently towards production, targeted for H1 2027. The package exceeds the project's estimated capital expenditures of US$528 million. Key timelines include finalizing permits by end-2025, starting full-scale construction in 2026, and commencing production in 2027. The investment aims to deliver significant economic benefits to the local community, including potential contracts worth C$700 million to Tahltan businesses and creating over 800 direct jobs.

Skeena Resources announced the results of its Annual General Meeting (AGM) held on June 17, 2024, in Vancouver, BC. Shareholders overwhelmingly approved the re-election of all Directors and the reappointment of KPMG LLP as the company's auditor, with over 99% voting in favor. The Shareholder Rights Plan adopted in November 2023 expired on May 14, 2024, without needing further approval. The AGM saw a substantial turnout, with 64,349,256 shares voted, accounting for 70.9% of the common shares issued and outstanding. Detailed voting results for each director showed significant support, with Walter Coles receiving 99.8% approval, among others.

Skeena Resources (TSX:SKE)(NYSE:SKE) reported its Q1 2024 financial results and released its ESG report for the 2023 calendar year. The company's interim financial statements and MD&A are accessible on its website. Skeena showcased positive contributions across economic, environmental, social, and governance aspects, aiming to create value for shareholders and partners.

Skeena Resources (SKE) releases its fourth quarter and annual financial results for 2023, showcasing positive growth and performance. The financial statements, MD&A, and AIF are accessible on Skeena's website and regulatory platforms.

Skeena Resources Limited (SKE) announces positive drilling results from the 2023 exploration program at the Eskay Creek Gold-Silver Project and outlines plans for the 2024 exploration programs. The company reported new occurrences of gold-silver mineralization, including high-grade intervals, near the 22 Zone and in the Eskay Deeps area. The 2023 drill program yielded a refined interpretation of the Eskay Creek Rift Model at depth, which will be further analyzed in conjunction with a proposed 2024 seismic survey. Skeena also plans to conduct a large airborne magnetics survey and data compilation for the new Hoodoo Project, with a focus on alkalic porphyry deposits. An accelerated exploration model will be employed in the second half of 2024, culminating in drilling targets on the KSP and Hoodoo properties.

Skeena Resources Limited (SKE) has closed its non-brokered private placement, issuing 1,258,709 flow-through common shares at an average price of approximately C$8.53 per share for aggregate gross proceeds of approximately C$10.7 million. The net proceeds will be used to fund exploration activities in the Golden Triangle of British Columbia. The Placement is subject to the final approval of the Toronto Stock Exchange.

Skeena Resources Limited (TSX:SKE)(NYSE:SKE) has filed a detailed Technical Report for the November 2023 Updated Feasibility Study at its 100% owned Eskay Creek Gold-Silver Project. The Report is compliant with National Instrument 43-101 Standards of Disclosure for Mineral Projects. Highlights include an after-tax net present value of C$2 billion at a base case of US$1,800 gold and US$23 silver, an industry-leading after-tax internal rate of return of 43%, and proven and probable mineral reserves for open-pit mining of 39.8 million tonnes containing 3.3 million ounces gold and 88.0 million ounces silver.