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Skeena Resources Ltd

US:SKETSX:SKEUS:SKREFUS:SKREDTSXV:SKE
US$30.47Close 7 Oct 2026 · delayed

Past year: ▲ 92%(22.69 – 51.99 CAD)

Market cap
A$5.23bn
Shares on issue
121m
Story beats
46 since 2021
Last event
10 Apr 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

13 May 2026regulatory community update● Neutral

Skeena released its 2025 Sustainability Report, titled 'Where Voices Meet, Progress Follows', following the 2024 report of May 2025. The filing text is only a cover form and gives no figures from the report.

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10 Apr 2026regulatory community update● Neutral

A routine transfer-agent notice from Computershare: the annual general meeting is set for 22 June 2026 in Vancouver, with a record date of 6 May 2026. It carries no financial or project news.

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10 Apr 2026debt financing● NeutralMajor

Per the headline, Skeena completed the US$750 million senior secured notes offering and says it has optimized its capital structure. This closes the financing proposed on 31 March and priced on 2 April. The filing text is only a cover form, so it does not give what was repaid or the size of the stream buyback.

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2 Apr 2026debt financing● NeutralMajor

Per the headline, Skeena priced the US$750 million senior secured notes offering, proposed on 31 March 2026, to refinance the former project financing and fund a partial gold stream buyback. The filing text is only a cover form, so the interest rate, maturity and final terms are not stated here.

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31 Mar 2026debt financing● NeutralMajor

Skeena announced a proposed US$750 million senior secured notes offering, per the headline, to refinance the former project financing and fund a partial buyback of the existing gold stream. This relates to the June 2024 Orion package (US$350m loan, gold stream with a buyback right). The filing text is only a cover form, so terms such as interest rate and maturity are not given.

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28 Jan 2026regulatory community update▲ GoodMajor

Per the headline, Skeena secured the BC Mines Act permit for Eskay Creek the day after receiving the Environmental Assessment Certificate. This continues the permitting thread from the April/May 2025 joint applications. The filing body is only a cover page, so it does not say whether the Environmental Management Act permit or any conditions were included.

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27 Jan 2026regulatory community update▲ GoodMajor

Skeena announced it has received the BC Environmental Assessment Certificate and federal Impact Assessment approval for Eskay Creek. The filing text provided is only the cover form; the headline is the only content, so details such as conditions are not available. The headline resolves the environmental assessment thread running since the August 2024 application, and it arrived in Q1 2026 against the Q4 2025 expectation (the strike-related delay was flagged in Oct 2025).

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8 Oct 2025capital raising announcement▲ GoodMajor

The bought deal closed at C$143.8 million after the underwriters took their over-allotment in full - 5,991,500 shares at C$24.00 - for continued advancement of Eskay Creek.

What it means for a shareholder

6.0m new shares at C$24.00 to raise about C$144m. That's 5.3% dilution: every existing holder's slice gets 5.3% smaller. If you held C$1,000 of shares (42 at the issue price), your slice goes from 0.0000387% to 0.0000367% of the company. To keep it you'd need 2 more shares - about C$48 at the issue price.

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2 Oct 2025capital raising announcement● NeutralMajor

Skeena announced a C$125 million bought deal of 5,210,000 shares at C$24.00 through a BMO-led syndicate, with a 15% over-allotment option. It also flagged an unanticipated permitting delay from the BC government employee strike, and said the Tahltan Impact Benefits Agreement vote, once expected within weeks, had no set date pending negotiations.

What it means for a shareholder

5.2m new shares at C$24.00 to raise about C$125m. That's 4.6% dilution: every existing holder's slice gets 4.6% smaller. If you held C$1,000 of shares (42 at the issue price), your slice goes from 0.0000387% to 0.0000369% of the company. To keep it you'd need 2 more shares - about C$48 at the issue price.

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22 May 2025material agreement▲ GoodMajor

Signed an interconnection and transmission agreement with Coast Mountain Hydro, partly owned by the Tahltan Nation, letting Eskay Creek tie into an existing line 17 kilometres away instead of building its own transmission infrastructure to reach the BC Hydro grid. The first tie-ins to the 287-kilovolt line are done.

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6 May 2025regulatory community update● Neutral

Skeena published its 2024 Sustainability Report. It reports 766 full-time workers (450 contractors, 316 employees), C$97 million spent on BC goods and services (C$37.8 million with Indigenous-owned businesses), and a 3.3 injury frequency rate with no serious injuries. It carries no new financial or project results.

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5 May 2025regulatory community update▲ GoodMajor

Skeena confirmed it filed the joint BC Mines Act and Environmental Management Act permit applications, with uploading completed 30 April 2025, for joint review with the Tahltan Central Government. It says the environmental assessment certificate and the amended permits are anticipated in Q4 2025. This follows the April environmental assessment filing.

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22 Apr 2025other▲ GoodMajor

The Supreme Court of Canada refused Richard Mill and Orogenic Gold permission to appeal, so the Court of Appeal's July 2024 judgment for Skeena stands and the ownership question goes back to the Gold Commissioner for rehearing. Three years of litigation over the Albino Lake material end in Skeena's favour on the law, though the rehearing is still to come.

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17 Apr 2025regulatory community update▲ GoodMajor

Skeena finished uploading its revised environmental assessment application for Eskay Creek on 14 April 2025, for joint review with the Tahltan Central Government; this follows the initial application of August 2024. The CEO says it expects the environmental assessment certificate in Q4 2025. It also released economic impact modelling (C$14 billion GDP impact and C$3.6 billion tax revenue over the mine life, at US$2,500 gold and US$30 silver).

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26 Feb 2025capital raising announcement▲ GoodMajor

Closed a C$88.3 million bought deal: 3,290,000 shares at C$14.70 and 2,230,000 flow-through shares at C$17.93, with the over-allotment taken in full and BMO as sole bookrunner. Raised at more than double the C$6.05 of the September 2022 deal and the C$8.53 flow-through price of December 2023.

What it means for a shareholder

3.3m new shares at C$14.70 to raise about C$88.3m. That's 3.0% dilution: every existing holder's slice gets 3.0% smaller. If you held C$1,000 of shares (68 at the issue price), your slice goes from 0.0000632% to 0.0000613% of the company. To keep it you'd need 2 more shares - about C$29 at the issue price.

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31 Jan 2025other● Neutral

Renamed itself Skeena Gold & Silver to reflect the 88 million ounces of silver in the Eskay Creek reserve. Tickers unchanged; nothing else changed.

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27 Jan 2025asset acquisition disposition● Neutral

Skeena took about 13% of TDG Gold by handing over the 9,000-hectare Sofia property plus C$7 million cash for 22,000,000 TDG shares. The reason is location: TDG's Greater Shasta-Newberry claims sit within 200 metres of the AuRORA gold-silver-copper discovery Freeport-McMoRan and Amarc Resources announced in the Toodoggone, on the same trend. A speculative stake in someone else's discovery rather than anything to do with Eskay Creek.

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16 Jan 2025drilling result▲ GoodMajor

Skeena's first KSP drill program (22 holes, 9,182 metres) discovered a gold-copper porphyry at Camp Porphyry, 5 kilometres from Snip, which earlier operators had recognized but never focused on. Hole CP-24-004 returned 0.71 g/t gold over 381.47 metres of core length from 50 metres depth, and the mineralization was traced about 1,000 metres along strike.

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6 Jan 2025debt financing▲ GoodMajor

Skeena drew US$45 million on 30 December 2024, the second of five tranches of the Orion gold stream, released once the bulk sample permit came through. The remaining three tranches are US$50 million each and must be drawn before 31 March 2026 subject to further conditions; Skeena can cut the stream by two-thirds for a year after project completion by repaying the deposit with an imputed 18% return.

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16 Dec 2024regulatory community update▲ GoodMajor

British Columbia approved extraction of a 10,000-tonne bulk technical sample at Eskay Creek, which authorises the 2025 development work and, more consequentially, satisfies the condition Orion attached to releasing the remaining US$195 million of its US$200 million gold stream. The environmental assessment application filed in mid-August 2024 has entered its 180-day statutory review.

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5 July 2024other▲ GoodMajor

The BC Court of Appeal overturned both the Chief Gold Commissioner and the BC Supreme Court, finding that Skeena never relinquished its rights to the waste rock and tailings in the Albino Lake facility and that the Commissioner was "clearly and palpably wrong" to hold otherwise. Reverses the losses of February and November 2022 in the dispute with Richard Mill and Orogenic Gold.

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25 June 2024debt financing▲ GoodMajor

Orion Resource Partners committed a US$750 million package covering Eskay Creek through construction: US$350 million of committed capital in a senior secured loan (1% standby fee, no break fee), a US$200 million gold stream buyable back up to 66.7% for a year after commercial production, a US$100 million equity investment above the five-day average share price, and a US$100 million cost-overrun facility structured as a second stream. Most of it is available before the mine is permitted, which is the point - but the loan is secured and the stream is a permanent claim on production, so the funding certainty is bought with claims that rank ahead of shareholders.

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8 Feb 2024drilling progress report▼ BadMajor

The 2023 programme largely failed to repeat 2022. Thirteen near-mine holes found footwall mineralisation around the 22 Zone - SK-23-1203 at 19.87 g/t gold and 59.1 g/t silver over 2.95 metres was the best - but the company states outright that these are not expected to materially affect existing 22 Zone resources or reserves. At Eskay Deeps, eight holes and two wedges totalling 13,787 metres chasing the 2022 discovery hole SK-22-1081 hit only anomalous trace mineralisation in the target Contact Mudstone; the sole real intercept, SK-23-1182 at 3.92 g/t gold over 5.38 metres, sat 120 metres below that horizon. A seismic survey is planned for 2024 before further deep drilling.

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27 Dec 2023capital raising announcement● Neutral

The flow-through placement closed at C$10.7 million on 1,258,709 shares at about C$8.53, slightly above the announced size.

What it means for a shareholder

1.3m new shares at about C$8.50 to raise about C$10.7m. That's 1.6% dilution: every existing holder's slice gets 1.6% smaller. If you held C$1,000 of shares (118 at the issue price), your slice goes from 0.000151% to 0.000149% of the company. To keep it you'd need 2 more shares - about C$17 at the issue price.

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22 Dec 2023resource reserve update● Neutral

Filed the NI 43-101 technical report behind the November 2023 updated feasibility study. Comparing the filed report's figures against the 14 November announcement, the headline C$2.0 billion net present value, 43% return, 1.2-year payback, C$713 million capital and 39.8 million tonne reserve are identical; the small movements are all-in sustaining cost US$687/oz against US$684, first five-year output 450,000 ounces a year against 455,000, and free cash flow C$467 million a year against C$474 million.

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20 Dec 2023capital raising announcement● Neutral

A non-brokered flow-through placement of up to 1,223,530 shares at about C$8.53 for up to C$10.4 million, to fund Golden Triangle exploration.

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18 Dec 2023capital raising announcement● NeutralMajor

Franco-Nevada put up C$81 million: C$56 million for a further 1.0% net smelter royalty on Eskay Creek, taking its total royalty to 2.5% across all the Eskay ground, plus a C$25 million unsecured convertible debenture at 7% maturing on the earlier of December 2028 or completion of project financing. Management said plainly it is avoiding ordinary share issuance because the market for Canadian mine developers is difficult, and that the extra 1% royalty adds about US$20/oz to an all-in sustaining cost of US$687/oz.

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15 Nov 2023resource reserve update▲ GoodMajor

The definitive feasibility study raised after-tax net present value to C$2.0 billion (5% discount, US$1,800 gold and US$23 silver) on reserves about 20% larger - 39.8 million tonnes containing 3.3 million ounces of gold and 88.0 million ounces of silver - with first five-year output of 455,000 ounces a year at 5.5 g/t AuEq. Pre-production capital rose to C$713 million from C$592 million and the return fell to 43% from 50%, so the higher value comes from more tonnes and a higher assumed gold price rather than better economics per ounce. The same filing carries a shareholder rights plan agreement with Computershare dated the same day - a takeover defence adopted alongside the study.

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7 Nov 2023other● Neutral

Dial-in and webcast details for the definitive feasibility study conference call. The filing carries nothing else.

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5 Oct 2023drilling progress report● Neutral

First-pass work on KSP, the 64,000 hectares acquired with QuestEx, was stream-sediment sampling, mapping and rock grabs - no drilling. Selected grab samples returned 14.20 g/t gold with 1.09% copper at the Tami target, 6.52 g/t gold with 3.82% zinc at Khyber Gap and 31.34% zinc but almost no gold at Pins. Grab samples are chosen for being mineralised and say nothing about grade over any width; what they establish is that a 17-kilometre stretch of the Bronson Corridor carries porphyry, skarn and epithermal styles worth drilling.

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