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Skeena Resources ( (TSE:SKE) ) just unveiled an announcement.
On April 10, 2026, Skeena Resources closed a US$750 million offering of 8.500% senior secured notes due 2031, which are non-callable for two years and pay interest semi-annually. The financing replaces an undrawn US$350 million senior secured loan and a cost overrun facility linked to a US$200 million gold stream with Orion, allowing Skeena to proceed without cancellation fees and materially reshaping its capital structure.
The company plans to use the note proceeds to repurchase 66.67% of the Orion gold stream for US$184 million and to prefund 18 months of interest with US$94 million. The remaining roughly US$470 million is earmarked to support remaining construction at the Eskay Creek project, for general corporate purposes, and for issuance expenses, strengthening funding certainty for project completion and reducing future stream-related off-take obligations.
The most recent analyst rating on (TSE:SKE) stock is a Buy with a C$52.00 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 is a Canadian mining company based in Vancouver, British Columbia. The company is focused on advancing the Eskay Creek gold project, a major precious metals development in British Columbia, and structures its financing around large-scale mine construction and associated capital needs.
Average Trading Volume: 492,363
Technical Sentiment Signal: Buy
Current Market Cap: C$5.37B
See more data about SKE stock on TipRanks’ Stock Analysis page.