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Skeena Resources ( (TSE:SKE) ) just unveiled an update.
Skeena Resources reported that its Eskay Creek gold-silver project in northwest British Columbia had reached 49% overall completion as of February 28, 2026, with 66% of total project costs contractually committed since development work began in December 2024. Initial production remains scheduled for the second quarter of 2027, with commercial production expected in the third quarter.
Following receipt of its Environmental Assessment Certificate and key provincial permits in early 2026, the company updated its construction budget, lifting the total project cost estimate to US$659 million from the 2023 feasibility study’s US$560 million, mainly due to inflation, tighter water discharge standards, enhanced environmental and community commitments, and design improvements. Skeena has already invested about US$305 million by year-end 2025, with major construction areas such as process plant, power infrastructure, camp, water management and mining all progressing on schedule, leaving roughly US$354 million in remaining development spending to reach initial production.
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, which brands itself as Skeena Gold & Silver, is a Canadian precious metals developer focused on its 100%-owned Eskay Creek gold-silver project in northwest British Columbia. The company is advancing Eskay Creek from construction toward production, positioning itself within the high-grade gold and silver mining segment in North America.
Average Trading Volume: 488,699
Technical Sentiment Signal: Buy
Current Market Cap: C$4.64B
For a thorough assessment of SKE stock, go to TipRanks’ Stock Analysis page.