Skeena Gold & Silver Reports Q3 2024 Financial Results
Skeena Gold + Silver TSX: SKE | NYSE: SKE 1
www.skeenaresources.com
Skeena Gold & Silver Reports Q3 2024 Financial Results
Vancouver, BC (November 14, 2024) Skeena Resources Limited (TSX: SKE, NYSE: SKE) (“Skeena Gold & Silver”,
“Skeena” or the “Company”) reports interim financial results for the quarter ended September 30, 2024. The
interim financial statements and management’s discussion and analysis (“MD&A”) are available on Skeena’s
website and have been posted under the Company’s profile on SEDAR+ at www.sedarplus.ca and EDGAR at
www.sec.gov.
About Skeena
Skeena is a leading precious metals developer that is focused on advancing the Eskay Creek Gold -Silver
Project – a past producing mine located in the renowned Golden Triangle in British Columbia, Canada. Eskay
Creek will be one of the highest -grade and lowest cost open -pit precious metals mines in the world, with
substantial silver by-product production that surpasses many primary silver mines. Skeena is committed to
sustainable mining practices and maximizing the potential of its mineral resources. In part nership with the
Tahltan First Nation, Skeena strives to foster positive relationships with Indigenous communities while
delivering long-term value and sustainable growth for its stakeholders.
On behalf of the Board of Directors of Skeena Gold & Silver,
Walter Coles Randy Reichert
Executive Chairman President & CEO
Contact Information
Investor Inquiries: [email protected]
Office Phone: +1 604 684 8725
Company Website: www.skeenaresources.com
Qualified Persons
In accordance with National Instrument 43 -101 Standards of Disclosure for Mineral Projects, Paul Geddes,
P .Geo., Senior Vice President, Exploration & Resource Development, is the Qualified Person for the Company
and has prepared, validated, and approved the technical and scientific statements and information contained
or incorporated by reference in the news release. The Company strictly adheres to CIM Best Practices
Guidelines in conducting, documenting, and reporting the exploration activities on its projects.
Cautionary note regarding forward-looking statements
Certain statements and information contained or incorporated by reference in this news release constitute “forward -looking
information” and “forward -looking statements” within the meaning of applicable Canadian and United States securities
legislation (collectively, “forward-looking statements”). These statements relate to future events or our future performance. The
use of words such as “anticipates” , “believes” , “proposes” , “contemplates” , “generates” , “targets” , “is projected” , “is planned” ,
“considers” , “estimates” , “expects” , “is expected” , “potential” and similar expressions, or statements that certain actions,
events or results “may” , “might” , “will” , “could” , or “would” be taken, achieved, or occur, may identify forward-looking
statements. All statements other than statements of historical fact are forward -looking statements. Specific forward -looking
2 Skeena Gold + Silver TSX: SKE | NYSE: SKE
statements contained herein include, but are not limited to, statements regarding the progress of development at Eskay,
including the construction budget, schedule and required funding in respect thereof; the timing for and the Company's progress
towards commencement of commercial production; the Company's capital structure; the Company's ability to buy back the
gold stream in the future; amounts drawn and the timing of and completion of conditions precedent in respect of the Senior
Secured Loan, gold stream agreement, additional equity investment and the cost over-run facility, the availability of the Senior
Secured Loan as a source of future liquidity; and the results of the Definitive Feasibility Study, processing capacity of the mine,
anticipated mine l ife, probable reserves, estimated project capital and operating costs, sustaining costs, results of test work
and studies, planned environmental assessments, the future price of metals, metal concentrate, and future exploration and
development. Such forward-looking statements are based on material factors and/or assumptions which include, but are not
limited to, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices ,
taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability
of financing, the receipt of regulatory approvals, environmental risks, title disputes and the assumptions set forth herein and in
the Company’s MD&A for the year ended December 31, 2023, its most recently filed interim MD&A, and the Company’s Annual
Information Form (“AIF”) dated March 28, 2024. Such forward -looking statements represent the Company’s management
expectations, estimates and projections regarding future events or circumstances on the date the statements are made, and are
necessarily based on several estimates and assumptions that, while considered reasonable by the Company as of the date
hereof, are not guarantees of future performance. Actual events and results may differ materially from those described herein,
and are subject to significant operational, business, economic, and regulatory risks and uncertainties. The risks and
uncertainties that may affect the forward -looking statements in this new s release include, among others: the inherent risks
involved in exploration and development of mineral properties, including permitting and other government approvals; changes
in economic conditions, including changes in the price of gold and other key variables; changes in mine plans and other factors,
including accidents, equipment breakdown, bad weather and other project execution delays, many of which are beyond the
control of the Company; environmental risks and unanticipated reclamation expenses; and other risk factors identified in the
Company’s MD&A for the year ended December 31, 2023, its most recently filed interim MD&A, the AIF dated March 28, 2024,
the Company’s short form base shelf prospectus dated January 31, 2023, and in the Company’s other periodic filings with
securities and regulatory authorities in Canada and the United States that are available on SEDAR+ at www.sedarplus.ca or on
EDGAR at www.sec.gov.
Readers should not place undue reliance on such forward -looking statements. Any forward-looking statement speaks only as
of the date on which it is made and the Company does not undertake any obligations to update and/or revise any forward-looking
statements except as required by applicable securities laws.