Skeena Hosts Webcast On Eskay Financing Package
Skeena Hosts Webcast On Eskay Financing Package
Vancouver, BC (June 26, 2024) Skeena Resources Limited (TSX: SKE, NYSE: SKE) (“Skeena” or
the “Company”) is pleased to announce that it has secured a financing package totaling US$750
million (equivalent to over C$1 billion) with Orion Resource Partners for the development of the Eskay
Creek Gold-Silver Project (“Eskay” or the “Project”), as per the Company’s news release dated June
25, 2024.
Today, the Company will be hosting a webcast to provide investors and stakeholders with a
comprehensive understanding of this development and the strategic rationale behind this deal. During
the webcast, Walter Coles, Executive Chairman, Randy Reichert, President & Chief Executive Officer
and Andrew MacRitchie, Chief Financial Officer, alongside other members of the Management team,
will provide insights into how this financing package will enhance the strategic direction of the
Company.
Date: Wednesday, June 26, 2024
Time: 2:30pm Eastern (EDT) / 11:30am Pacific (PDT)
Webcast URL with audio: https://services.choruscall.ca/links/skeenres2024jun.html
Telephone: Canada & US: +1 844-763-8274
International: +1 647-484-8814
Replay link: https://services.choruscall.ca/links/skeenres2024jun.html
We look forward to your participation in the webcast.
About Skeena
Skeena is a fully financed leading gold developer that is focused on advancing the Eskay Creek Gold-
Silver Project and the Snip Gold Project – two past producing mines located in the renowned Golden
Triangle in British Columbia, Canada. Eskay Creek represents 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 partnership with the Tahltan First Nation, Skeena
strives to foster positive relationships with Indigenous communit ies while delivering long -term value
and sustainable growth for its stakeholders.
On behalf of the Board of Directors of Skeena Resources Limited,
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
NR: 24-06 | June 26, 2024
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 content of
this 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 press 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 statements contained herein include, but are not limited to, statements regarding the progress of development at
Eskay, including the construction budge t, 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 life, 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 materia l 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 rec ently 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 news 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 f actors,
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 regu latory 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.