Skeena Resources ( (TSE:SKE) ) has provided an update.
Skeena Resources has successfully closed a C$88.3 million bought deal financing, involving the issuance of common shares and flow-through shares. The proceeds will be used to advance the Eskay Creek project and for general corporate purposes, with flow-through shares specifically funding eligible Canadian development expenses. This financing strengthens Skeena’s financial position, supporting its strategic focus on developing one of the world’s premier gold-silver mines.
More about Skeena Resources
Skeena Resources is a leading precious metals developer focused on advancing the Eskay Creek Gold-Silver Project, a past-producing mine located in the Golden Triangle of British Columbia, Canada. The project is set to become one of the highest-grade and lowest-cost open-pit precious metals mines globally, with significant silver by-product production. Skeena is committed to sustainable mining practices and fostering positive relationships with Indigenous communities, particularly the Tahltan Nation, to deliver long-term value and growth for its stakeholders.
YTD Price Performance: 4.95%
Average Trading Volume: 267,122
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$1.53B
For an in-depth examination of SKE stock, go to TipRanks’ Stock Analysis page.