Skeena Resources: Canadian Gold And Silver Exploration Stock With Significant Upside

Group 1 - The gold price has reached record highs, positively impacting gold and silver exploration stocks [1] - A notable gold exploration company operates in the Golden Triangle of northwest British Columbia, adjacent to Newmont Mining's significant assets [1] - The historical mine produced 3.3 million ounces of gold at a grade of 45 g/t and 160 million ounces of silver, with a revenue split of approximately 60% gold and 40% silver [1] Group 2 - As of November 2023, the project has proven and probable reserves of 3.3 million ounces of gold and 88 million ounces of silver, with an after-tax NPV of C$3.1 billion and an IRR of 57% [2] - The capital expenditures for mine construction are estimated at over C$700 million, with a secured financing package of C$1 billion from Orion Resource Partners [2] - Production is expected to start in the first half of 2027, with an annual output of around 450,000 gold equivalent ounces for the first five years [2] Group 3 - The company acquired the Snip project in 2017, which has a historical production of 1.1 million ounces at a grade of 27.5 g/t Au, and a 2023 resource estimate shows an increase of 579,000 ounces [3] - The current share price of Skeena Resources is $7.50, with an enterprise value of approximately $700 million, and the valuation is expected to rise towards the project's NPV of C$3.1 billion [3] - The gold price is anticipated to double by 2027, potentially increasing Skeena's share price significantly, with a target of 5x the current level [3]