Skeena Reports Q3 2021 Financial Results
Skeena Reports Q3 2021 Financial Results
Vancouver, BC ( November 12 , 202 1) Skeena Resources Limited (TSX: SKE, NYSE: SKE)
(“Skeena” or the “Company”) reports the interim financial results for the quarter ended September 30,
2021. The 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.sedar.com
and EDGAR at www.sec.gov.
About Skeena
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 by Q1 2022.
On behalf of the Board of Directors of Skeena Resources Limited,
Walter Coles Jr.
President & CEO
Contact Information
Investor Inquiries: [email protected]
Office Phone: +1 604 684 8725
Company Website: www.skeenaresources.com
The scientific and technical information in this press release was approved by Paul Geddes, P.Geo.,
a Qualified Person as defined under National Instrument 43-101 and Vice President, Exploration and
Resource Development for the Company.
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 results of the PFS, completion
of a feasibility study, processing capacity of the mine, anticipated mine life, probable reserves, estimated project capital
and operating cos ts, 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 assumptio ns 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 oper ating 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 Management’s
NR: 21-39 | November 12, 2021
Discussion and Analysis (“MD&A”) for the year ended December 31, 202 0, and the Company’s Annual Information Form
(“AIF”) dated March 25, 2021. Such forward -looking statements represent the Company’s management expectations,
estimates and projections regarding future events or circumstances on the date the statements are ma de, 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 press 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 acci dents, 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 2020 MD&A and AI F, 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.sedar.com or on EDGAR
at www.sec.gov.
Readers should not place undue reliance on such forward -looking statements. The Company does not undertake any
obligations to update and/or revise any forward-looking statements except as required by applicable securities laws.