Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest update is out from Skeena Resources ( (TSE:SKE) ).
On March 31, 2026, Skeena Gold & Silver announced plans to issue US$750 million of senior secured notes due 2031, guaranteed by subsidiaries tied to the Eskay Creek project and secured by first-priority liens on key assets and accounts. The notes are to be privately placed to qualified institutional buyers in the United States and to investors in Canada under prospectus exemptions.
Skeena plans to allocate about US$184 million of the proceeds to partially buy back its existing US$200 million gold stream, cutting the stream percentage on Eskay Creek production by two-thirds, and around US$100 million to an interest reserve covering the first three semi-annual coupon payments. Remaining funds will advance Eskay Creek, cover transaction costs and bolster liquidity, while the company concurrently cancels an undrawn US$350 million term loan and cost over-run facility, moves that are intended to improve future operating margins, increase leverage to gold prices and enhance project economics for stakeholders.
The most recent analyst rating on (TSE:SKE) stock is a Sell with a C$35.00 price target. To see the full list of analyst forecasts on Skeena Resources stock, see the TSE:SKE Stock Forecast page.
Spark’s Take on SKE Stock
According to Spark, TipRanks’ AI Analyst, SKE is a Neutral.
The score is primarily constrained by weak financial performance (pre-revenue profile, ongoing losses, and sustained cash burn with higher 2025 free-cash-flow pressure). Technicals add further downside bias (below key short-term averages with negative MACD), while valuation is also penalized by negative earnings and no dividend support.
To see Spark’s full report on SKE stock, click here.
More about Skeena Resources
Skeena Resources Limited, branded as Skeena Gold & Silver, is a precious metals development company focused on advancing its fully permitted Eskay Creek gold-silver project in British Columbia’s Golden Triangle. The open-pit mine is under construction and targeted for initial production and cash flow in the second quarter of 2027, with expectations of being one of the world’s highest-grade, lowest-cost precious metals operations and a significant silver producer.
Average Trading Volume: 488,699
Technical Sentiment Signal: Buy
Current Market Cap: C$4.64B
See more insights into SKE stock on TipRanks’ Stock Analysis page.