Skeena Resources – US$750Mil Finance Package To Fully Fund The Development Of Eskay Creek, Golden Triangle in BC

June 26, 2024

Walter Coles, Executive Chairman of Skeena Resources (TSX: SKE, NYSE: SKE) joins me to discuss the US$750mil finance package to develop the Eskay Creek Gold-Silver Project in the Golden Triangle in BC. 


We start by outlining the various components of the financing package, comprising a $100 million equity investment, a $200 million gold stream, $350 million in senior secured debt, and a $100 million cost overrun facility. We discuss the importance of each component. Walter also explains the strategy behind overcapitalizing the project to avoid cost overruns and the importance of maintaining flexibility and optionality with no major break fees on the debt. 


Walter outlines the next steps, including permitting milestones, local agreements, and a detailed timeline for bringing the mine into full production. Additionally, Walter provides insights into Skeena’s exploration plans and clarifies how the financing package positions the Company as a potential acquisition target while emphasizing a significant silver component that could attract better market valuations. 


If you have any follow up questions for Walter and the team please email me at



Click here to visit the Skeena website and read over the full news release outlining the financing package.