Welcome to our dedicated page for Skeena Resources news (Ticker: SKE), a resource for investors and traders seeking the latest updates and insights on Skeena Resources stock.
Overview of Skeena Resources Limited
Skeena Resources Limited (SKE) is a junior Canadian mining exploration company dedicated to the exploration and development of high-quality precious and base metals projects in the renowned Golden Triangle of northern British Columbia. With a focus on evolving past-producing sites into sustainable mining operations, Skeena employs rigorous technical evaluations and advanced exploration methodologies to unlock the potential of its mineral properties.
Core Business and Strategic Projects
The company’s primary activities involve the advancement of the Eskay Creek Gold-Silver Project, one of the world’s most promising open-pit operations characterized by its high-grade mineralization and significant silver by-product production. In addition to Eskay Creek, Skeena is actively evaluating and developing other key opportunities, including legacy assets acquired from industry leaders. By leveraging its deep technical expertise, the company navigates the complexities of mineral exploration to identify and maximize value in prospective deposits.
Industry Position and Competitive Advantage
Skeena Resources occupies a distinct niche in the mining exploration sector, capitalizing on the geological riches of the Golden Triangle. Its strategic focus on projects with past production histories provides an inherent advantage, offering a solid foundation for infill drilling and technical studies. The company’s commitment to sustainable mining practices, state-of-the-art evaluation techniques, and proactive stakeholder engagement distinguishes it from many of its peers in the competitive resource sector.
Operations and Methodologies
At the heart of Skeena’s operations lies a robust exploration program that integrates cutting-edge geophysical and geochemical surveys with detailed geological mapping. The company adheres to strict environmental, health, and safety standards, ensuring that all activities are conducted responsibly. In collaboration with Indigenous communities and local stakeholders, Skeena emphasizes transparency and social responsibility, which underpins its operational integrity and sustainable development vision.
Expertise, Experience, and Authoritativeness
Skeena Resources demonstrates a high level of expertise through its careful selection of technically sound targets and its rigorous adherence to best practices in mineral exploration. The company’s experienced management and technical teams bring decades of industry knowledge, enabling them to make informed decisions based on comprehensive data analysis and geological interpretation. This expertise not only supports successful project advancement but also builds investor confidence in the company’s ability to navigate the challenges of the mining industry.
Commitment to Sustainable Development and Community Engagement
Recognizing the importance of responsible resource development, Skeena Resources prioritizes environmental stewardship and social responsibility. The company works closely with First Nations, local communities, and regulatory bodies to ensure that its projects contribute positively to the surrounding regions. By integrating sustainable practices in every aspect of its operations, Skeena reinforces its commitment to creating long-term value while minimizing environmental impacts.
Key Takeaways
- Focused Exploration: Specializing in high-grade precious and base metals projects in British Columbia’s Golden Triangle.
- Technical Expertise: Utilizes advanced exploration techniques and robust geological studies to unlock project potential.
- Sustainable Practices: Committed to responsible mining with strong community and Indigenous engagement.
- Strategic Positioning: Leverages past-producing assets to build a foundation for future development within a competitive market.
Skeena Resources Limited (TSX:SKE)(NYSE:SKE) released its interim financial results for Q3 2022, reporting a Feasibility Study for the Eskay Creek project. Key highlights include an after-tax NPV5% of C$1.4B and an internal rate of return of 50% at a gold price of US$1,700/oz. The open-pit average grade stands at 4.00 g/t AuEq, with a projected 1-year payback. The company continues to explore drilling at the site, focusing on the revitalization of this past-producing gold-silver mine.
Skeena Resources Limited (TSX:SKE)(NYSE:SKE) has announced significant drilling results from the 21A West Zone at the Eskay Creek gold-silver Project in British Columbia. Drill hole SK-22-1122 revealed high-grade mineralization, averaging 20.43 g/t Au and 175.2 g/t Ag over 24.00 meters, including remarkable subintervals. This zone, discovered in late 2021, demonstrates continuity and potential for further expansion. Additionally, new mineralization has been identified below the proposed open-pit area. The 2022 drilling program totaled 55,652 meters and will contribute to a resource update in H2 2023.
Skeena Resources Limited (TSX:SKE)(NYSE:SKE) announced significant drilling results from the first deep drill hole at Eskay Creek gold-silver Project, revealing a new occurrence of Rhyolite-hosted mineralization. Drill hole SK-22-1081 intersected a broad interval grading 3.79 g/t Au and 59.4 g/t Ag over 32.19 metres at a depth of 850 metres. This discovery indicates substantial exploration potential north and west of current resources. Senior Vice President Paul Geddes noted this supports the thriving mineralized system at depth, while Executive Chairman Walter Coles expressed excitement over the discovery's potential for underground exploration.
Skeena Resources Limited (TSX:SKE) announced the promotion of Randy Reichert to Chief Executive Officer, while Walter Coles transitions to Executive Chairman. The company focuses on the redevelopment of the Eskay Creek gold-silver mine in British Columbia, showcasing a Feasibility Study that reports an average open-pit grade of 4.00 g/t AuEq, an after-tax NPV5% of C$1.4B, and a 50% IRR based on US$1,700/oz Au. Skeena is actively engaged in exploration drilling at the site, continuing its commitment to advancing the project.
Skeena Resources announced promising drilling results from the 2022 exploration program at the Eskay Creek gold-silver Project in British Columbia. Key findings include:
- Drill hole SK-22-1069 reported 1.94 g/t Au and 32.3 g/t Ag over 26.50 m.
- Drill hole SK-22-1071 confirmed continuity of mineralization, intersecting 1.12 g/t Au over 109.82 m.
- New mineralization discovered in 21A West Zone, featuring a significant intersection of 1.12 g/t Au over 109.82 m.
The results suggest potential improvements in future open-pit operations.
Skeena Resources Limited (TSX:SKE)(NYSE:SKE) released promising drilling results from its 2022 exploration programs at the Eskay Creek gold-silver Project in British Columbia. Key findings include:
- Drill hole SK-22-1093 intersected 47.50 g/t Au and 73.4 g/t Ag over 12.12 m.
- Hole SK-22-1031 showed 2.21 g/t Au and 4.6 g/t Ag over 50.00 m.
- New mineralization discovered in the 21A West Zone is set to be included in future resource updates.
- Ongoing drilling aims to increase open pittable resources and convert to Probable Reserves.
Skeena Resources Limited (TSX:SKE, NYSE:SKE) announced the repurchase of a 0.5% net smelter return (NSR) royalty from Barrick Gold for C$17.5 million on its Eskay Creek gold-silver project in British Columbia. This buyback reduces the original 1% NSR royalty by half, enhancing potential profitability. A right of first refusal was granted to Franco-Nevada on a 0.5% NSR, which will be subject to a competitive auction process by October 2, 2023. This strategic move aims to increase shareholder value and optimize the project’s economics.
Skeena Resources Limited has filed a detailed technical report for its Eskay Creek gold-silver project, compliant with NI 43-101 Standards. The report includes key findings from the feasibility study released on September 8, 2022, highlighting an open-pit average grade of 4.00 g/t AuEq, an after-tax NPV5% of C$1.4B, a 50% IRR, and a 1-year payback at US$1,700/oz Au and US$19/oz Ag. The full report is accessible on Skeena's website and filed on SEDAR and EDGAR.
Skeena Resources Limited announced the results of the Feasibility Study for its Eskay Creek gold-silver project, revealing a post-tax NPV of C$1.41 billion at US$1,700 gold and US$19 silver. The project boasts a 50.2% IRR and a payback period of just 1 year. Estimated pre-production capital expenditures are C$592 million with life-of-mine production of 3.2 million AuEq ounces. The project is noted for its low carbon intensity at 0.20 t CO2e/oz AuEq, aiming to be among the lowest emitting mines globally. A conference call is scheduled for September 8, 2022, to discuss the results.
Skeena Resources Limited (TSX:SKE)(NYSE:SKE) announced promising drilling results from its 2022 exploration programs at the Eskay Creek gold-silver Project. Key highlights include:
- Results of up to 47.50 g/t Au over 12.12 m
- Significant in-pit discoveries that enhance the 21A West Zone
- Additional mineralization expected from ongoing drilling
The company will host a conference call on September 8, 2022, to discuss a new feasibility study.
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