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Skeena Closes Strategic Investment From Franco-Nevada

Dec 24, 2021•over 3 years ago
Vancouver

Description

(TSX:SKE)(NYSE:SKE) ("Skeena" or the "Company") is pleased to announce that, on December 23, 2021, it closed the structured non-brokered private placement offering (the "Offering") announced on December 13, 2021 with Franco-Nevada Corporation ("Franco-Nevada").

Company Information

Company

Skeena

Location

Vancouver, Washington, United States

About

Skeena Resources Limited is a Canadian mining exploration and development company focused on revitalizing the past-producing Eskay Creek gold-silver mine located in Tahltan Territory in the Golden Triangle of northwest British Columbia, Canada. The Company released a Prefeasibility Study for Eskay Creek in July 2021 which highlights an open-pit average grade of 4.57 g/t AuEq, an after-tax NPV5% of C$1.4B, 56% IRR, and a 1.4-year payback at US$1,550/oz Au. Skeena is currently completing both infill and exploration drilling to advance Eskay Creek to full Feasibility Study in Q1 2022. On behalf of the Board of Directors of Skeena Resources Limited, Walter Coles Jr.President & CEO