RBC Capital Reaffirms Outperform Rating on Skeena Resources (SKE), Keeps C$34 PT

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].