VANCOUVER, British Columbia, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Skeena Resources Limited (TSX: SKE, NYSE: SKE) (“Skeena Gold & Silver”, “Skeena” or the “Company”) is pleased to announce the receipt of its British Columbia (“B.C.”) Mines Act Permit (“MA”) for the Company’s 100%-owned Eskay Creek Gold-Silver Project (“Eskay” or the “Project”) located in Northwestern B.C., Canada. The receipt of the MA builds upon B.C.’s first Section 7 Declaration Act agreement, entered into jointly with the Tahltan Central Go ...

VANCOUVER, British Columbia, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Skeena Resources Limited (TSX: SKE, NYSE: SKE) (“Skeena Gold & Silver”, “Skeena” or the “Company”) is pleased to announce that it has received its Environmental Assessment Certificate (“EAC”) for the Company’s 100%-owned Eskay Creek Gold-Silver Project (“Eskay” or the “Project”) located in Northwestern British Columbia (“B.C.”), Canada. The results of the Environmental Assessment have been reviewed by Canada’s Minister of Environment and Climate ...

Skeena Resources Limited (NYSE:SKE) is among the 15 Best Performing Silver Stocks to Buy. Canaccord Maintains Speculative Buy on Skeena Resources Limited (SKE) TheFly reported on December 16, 2025, that Canaccord lifted the price target for Skeena Resources Limited (NYSE:SKE) from C$30 to C$40. It kept the shares’ rating at Speculative Buy. Skeena Resources Limited (NYSE:SKE) declared on December 15, 2025, that the impact-benefit agreement for the construction and management of the Eskay Creek gold and ...

Core Points - The Tahltan Nation has voted in favor of the Impact Benefit Agreement (IBA) for the Eskay Creek Gold-Silver Project, which is fully owned by Skeena Resources Limited [1][2] - The IBA aims to establish a framework for shared benefits, including employment opportunities, training initiatives, and financial participation for the Tahltan Nation [5] - Skeena Resources is focused on advancing the Eskay Creek Project, which is expected to be one of the highest-grade and lowest-cost open-pit precious metals mines globally [3] Group 1 - The Tahltan Central Government Board of Directors will consider a decision regarding consent for the Eskay Creek Project in January 2026 [2] - Walter Coles, Executive Chairman of Skeena, expressed gratitude to the Tahltan leadership for their collaboration and emphasized the innovative nature of the IBA [2] - The IBA is seen as a foundation for a long-term partnership between Skeena and the Tahltan Nation, reflecting their environmental, cultural, and economic priorities [2] Group 2 - Skeena Resources is committed to sustainable mining practices and aims to foster positive relationships with Indigenous communities [3] - The Eskay Creek Project is located in the Golden Triangle of British Columbia and is expected to produce substantial silver by-products [3] - The IBA includes provisions for employment and business opportunities for Tahltan members, training initiatives, and funding for facilities benefiting Tahltan elders [5]

Core Viewpoint - Skeena Resources Ltd. is highlighted as a promising investment in the silver mining sector, with RBC Capital maintaining an Outperform rating and a price target of C$34 [1][2]. Financial Performance - In Q3 2025, Skeena reported no revenue as it remains in the pre-production stage, with all expenditures directed towards development [2]. - The net loss improved to C$36.8 million from C$84.9 million in Q3 2024, attributed to lower exploration costs focused on efficient resource upgrades [2]. - The company missed the consensus estimate of a C$0.06 loss due to increased administrative expenses related to equity incentives [2]. Asset Growth - Total assets increased to C$647.2 million from C$274.4 million at the beginning of the year, primarily driven by a rise in mineral properties valued at C$437.7 million, up from C$144.2 million [3]. - Operating cash use decreased to C$17.8 million from C$41.0 million, aided by C$48.9 million in non-cash derivative gains and reduced fieldwork [3]. Company Overview - Skeena Resources Ltd. is a Canadian mining exploration and development company focused on silver, advancing the Eskay Creek project towards production through open-pit development, and progressing the Snip Project, a previously high-grade producing mine [4].

Core Viewpoint - Skeena Resources Limited reports interim financial results for the quarter ended September 30, 2025, highlighting its ongoing commitment to advancing the Eskay Creek Gold-Silver Project and acknowledging the planned departure of a key executive [1][2]. Company Overview - Skeena is a leading precious metals developer focused on the Eskay Creek Gold-Silver Project, which is expected to be one of the highest-grade and lowest-cost open-pit precious metals mines globally, with significant silver by-product production [3]. - The company emphasizes sustainable mining practices and aims to foster positive relationships with Indigenous communities, particularly the Tahltan Nation, while delivering long-term value and sustainable growth for stakeholders [3]. Executive Changes - The company announces the planned departure of Paul Geddes, Senior Vice President of Exploration and Resource Development, who has contributed significantly to the Eskay Creek Project and the company's growth over his eight-year tenure [2].

Financial Performance - The company reported a loss of CAD 36,797,000 for the three months ended September 30, 2025, compared to a loss of CAD 84,887,000 for the same period in 2024, indicating a 56.6% improvement [3]. - Loss per share improved to CAD (0.32) for Q3 2025 from CAD (0.80) in Q3 2024 [3]. - The company incurred general and administrative expenses of CAD 12,218,000 for Q3 2025, up from CAD 7,020,000 in Q3 2024, reflecting a 74.5% increase [3]. - Exploration and evaluation expenses were CAD 2,681,000 for Q3 2025, significantly lower than CAD 51,981,000 in Q3 2024, a decrease of 94.8% [3]. - Net cash used in operating activities was CAD 17,806,000 for Q3 2025, compared to CAD 40,963,000 for Q3 2024, a reduction of 56.5% [5]. Assets and Liabilities - Total assets increased to CAD 647,203,000 as of September 30, 2025, up from CAD 274,391,000 at December 31, 2024, representing a growth of 135% [2]. - Shareholders' equity decreased to CAD 85,261,000 as of September 30, 2025, down from CAD 90,613,000 at December 31, 2024 [2]. - Total liabilities increased to CAD 561,942,000 as of September 30, 2025, compared to CAD 183,778,000 at December 31, 2024, an increase of 205% [2]. Financing Activities - The company raised CAD 88,347,000 through a bought deal offering during the nine months ended September 30, 2025 [4]. - The Company has entered into a Project Financing Package with Orion Resource Partners, which includes private placements, a Gold Stream, and a Senior Secured Term Loan facility [9]. - The Project Financing Package includes private placements of $122,750,000, a Gold Stream of $200,000,000, and a Senior Secured Term Loan facility of $350,000,000 [38]. - On February 26, 2025, the company raised gross proceeds of $88,347,000 through a bought deal offering, issuing 3,290,000 common shares at $14.70 each [47]. - In October 2025, the company closed another bought deal offering, raising gross proceeds of $143,796,000 by issuing 5,991,500 common shares at $24.00 each [48]. Capital Expenditures - Total additions to mineral property for the nine months ended September 30, 2025 amounted to $308,290,000, including $71,801,000 for mineral property and $176,528,000 for construction-in-progress [35][36]. - The company recognized total depreciation of $11,960,000 during the nine months ended September 30, 2025, with $9,312,000 capitalized to mineral property and construction-in-progress [36]. - The company incurred an availability fee of $4,712,000 during the nine months ended September 30, 2025, with $3,661,000 capitalized to other non-current assets [43]. - The company reported $12,738,000 in additions to mineral property, plant, and equipment during the three months ended September 30, 2025 [57]. Stock and Shareholder Information - As of September 30, 2025, the company had 6,804,529 stock options outstanding with a weighted average exercise price of $10.28 [55]. - The company granted 927,325 stock options and 364,100 RSUs during the nine months ended September 30, 2025 [56]. - Share-based payments for the nine months ended September 30, 2025 totaled $22,318,000, a significant increase from $9,719,000 in 2024 [56]. - The weighted average fair value per unit of stock options granted in 2025 was $6.09, compared to $2.96 in 2024 [56]. - The company granted stock options at an exercise price of $25.57 per share in October 2025 [53]. Management and Personnel - Key management personnel received total remuneration of $1,055,000 for the three months ended September 30, 2025, up from $928,000 in 2024 [59]. - As of September 30, 2025, accounts payable to key management personnel amounted to $1,658,000, down from $2,106,000 at the end of 2024 [61]. Risk and Valuation - The Company has a total liquidity risk exposure of $442,874,000 in undiscounted financial liabilities and commitments as of September 30, 2025 [30]. - A 1% increase in interest rates would have decreased net loss before tax by $797,000 based on cash and cash equivalents at September 30, 2025 [24]. - The Company is exposed to a 5% increase in the forward gold price curve, which would increase net loss before tax by $9,881,000 [28]. - The fair value of the Gold Stream derivative liability is based on a forecasted gold spot price of $3,807 per ounce as of September 30, 2025, compared to $2,611 per ounce as of December 31, 2024 [20]. - The balance of the Gold Stream derivative liability as of September 30, 2025 is $379,706,000, reflecting proceeds and changes in fair value [42].

Group 1 - The focus is shifting towards NYSE-listed shares of Skeena Resources Limited (SKE) in alignment with market expectations [1] - Alberto, with a Master's degree in Business Economics, possesses a strong managerial and economic background, covering various sectors and stock types [1] - The investment strategy described is adaptable for different investor profiles, including dividend investors and those seeking value or growth opportunities [1]

Group 1 - The focus is shifting towards NYSE-listed shares of Skeena Resources Limited (SKE) in alignment with market expectations [1] - Alberto, with a Master's degree in Business Economics, possesses a strong managerial and economic background, emphasizing a quantitative approach [1] - The investment strategy discussed is versatile, catering to various investor profiles, including dividend investors and those seeking value or growth opportunities [1]

Summary of Skeena Resources Limited Conference Call Company Overview - **Company**: Skeena Resources Limited (NYSE:SKE) - **Industry**: Mining, specifically gold and silver production - **Flagship Asset**: Eskay Creek, a past-producing gold and silver mine in British Columbia Key Points and Arguments 1. **Historical Significance of Eskay Creek**: - Formerly operated by Barrick Gold Corporation until 2008 - Known as the highest-grade open-pit gold mine globally, with an average gold grade of 45 grams per ton and silver grade over 2,000 grams per ton [2][3] 2. **Current Development Status**: - Advancing the Eskay Creek project for about 10 years, now in the construction phase, fully financed for production in 2027 [3][4] - Transitioning from underground to open-pit mining methods [3] 3. **Production and Financial Metrics**: - Targeting 450,000 ounces of gold-equivalent metal per year with a grade profile of 5.5 grams per ton, significantly above the global average [4][12] - Projected after-tax annual free cash flow of approximately $1.1 billion Canadian at current spot prices [4][8] - NPV of the project estimated at $6.1 billion Canadian with an IRR of 86% and a payback period of about 200 days [8] 4. **Strategic Location and Partnerships**: - Located in the Golden Triangle of northwestern British Columbia, an area with significant geological potential [4] - Collaborative relationship with the Tahltan Nation, facilitating project advancement [5] 5. **Regulatory and Environmental Considerations**: - Fast-tracked by the provincial government due to tariffs imposed by the Trump administration, with the project at the top of the list [5] - Expecting to receive the environmental assessment certificate in Q4 2025, which is a key catalyst for share price [6] 6. **Cost Advantages**: - Existing infrastructure includes a fully permitted tailings facility, saving approximately $150 million in capital expenditures [6] - Access to hydroelectric power at $0.06 per kilowatt hour, significantly lower than other Canadian mines [6][7] 7. **Production Profile and Future Plans**: - Initial five years of production will focus on high-grade material, with plans to incorporate the Snip asset to smooth production in later years [9][10][16] - Potential to increase production to over 500,000 ounces by monetizing additional critical minerals like antimony, lead, and zinc [17] 8. **Market Valuation and Shareholder Profile**: - Current market capitalization of approximately $3 billion, with a target of $10 billion based on projected cash flows and EBITDA multiples [9][15] - Institutional ownership at about 65%, with significant interest from mining-focused funds [15] Additional Important Information - The project is positioned to be a leading gold and silver investment vehicle due to its high-grade reserves and substantial byproduct credits from silver [13] - The company is exploring refinancing options for its senior secured loan to optimize capital costs [11] - The production profile is designed to maximize profitability in a cyclical industry by focusing on high-grade ore [12]