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Skeena Resources ( (TSE:SKE) ) has provided an update.
Skeena Resources has secured its British Columbia Mines Act permit for the Eskay Creek gold-silver project, a key regulatory milestone that follows the project’s Environmental Assessment Certificate and stems from B.C.’s first Section 7 Declaration Act agreement with the Tahltan Central Government. With the companion Environmental Management Act permit now under review and expected in February, the company is moving toward final approvals needed to commercially develop and operate Eskay Creek, targeting initial production in the second quarter of 2027, a timeline that could materially advance its transition from developer to producer in the precious metals sector.
The most recent analyst rating on (TSE:SKE) stock is a Hold with a C$45.00 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 TSE:SKE Stock
According to Spark, TipRanks’ AI Analyst, TSE:SKE is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and significant cash burn with rising leverage). Technicals are a meaningful positive due to a strong uptrend, but overbought signals temper that strength. Valuation is also pressured because losses make the negative P/E an unfavorable indicator and there is no dividend support.
To see Spark’s full report on TSE:SKE stock, click here.
More about Skeena Resources
Skeena Resources, marketed as Skeena Gold & Silver, is a Canadian precious metals developer focused on advancing its 100%-owned Eskay Creek gold-silver project in British Columbia’s Golden Triangle. The company aims to develop Eskay Creek into one of the highest-grade, lowest-cost open-pit precious metals mines globally, with significant silver by-product output, and emphasizes sustainable mining and partnership with the Tahltan Nation to deliver long-term value to stakeholders.
Average Trading Volume: 414,616
Technical Sentiment Signal: Buy
Current Market Cap: C$5.33B
Find detailed analytics on SKE stock on TipRanks’ Stock Analysis page.