Skeena Resources Business Summary

Skeena Resources Ltd (SKE) is a Canadian precious metals developer focused on the revitalization of high-grade past-producing mines in the Golden Triangle of British Columbia. The company’s primary business segment is the 100%-owned Eskay Creek gold-silver project, which is transitioning from the permitting phase to full-scale construction following the receipt of its final Environmental Management Act (EMA) permit in February 2026. Skeena generates value through the exploration and development of its asset portfolio, which also includes the high-grade Snip gold project and the Spectrum gold-copper project. As a development-stage entity, the company currently generates no operational revenue, instead relying on strategic financing—including a $750 million package from Orion Resource Partners and royalty deals with Franco-Nevada—to fund its path toward a planned production restart in Q2 2027. Skeena competes with other regional developers and producers such as Ascot Resources, Seabridge Gold, and Artemis Gold, distinguishing itself through an open-pit mining model at Eskay Creek that targets exceptionally low all-in sustaining costs (AISC) and high-grade silver by-products. Leadership is led by Executive Chairman Walter Coles and CEO Randy Reichert, who have spearheaded the company’s revitalization since acquiring Eskay Creek in 2020. Coles, a former investment banker at UBS and Cadence Investment Partners, provides deep capital markets expertise, while Reichert brings over 40 years of operational experience, including senior roles at B2Gold and the development of the Kupol and Fekola mines. The executive team is further bolstered by CFO Andrew MacRitchie, a CPA with a track record of raising over $1.5 billion in mining capital, and SVP Justin Himmelright, who manages the company’s critical partnership with the Tahltan Nation. Notable institutional backing includes Franco-Nevada Corporation, which holds a 2.5% Net Smelter Return (NSR) royalty on Eskay Creek, and Orion Resource Partners, reflecting strong market confidence in the project’s economic viability and the team’s execution pedigree.