Skeena Raises US$750 Million to Advance Eskay Creek Gold Project
Skeena Resources has raised US$750 million to advance the Eskay Creek gold project in British Columbia. The funding will help restructure the company's capital stack, reduce gold stream obligations, and support project development, with production expected to start by spring 2027.
Skeena Resources has priced US$750 million in senior secured notes to support the Eskay Creek gold project. The project, located in British Columbia's Golden Triangle, is expected to start production by spring 2027. The funding will help reduce gold stream obligations and support project development. Skeena has all necessary regulatory approvals and has completed 49% of the project. The company plans to use the funds for project costs, interest payments, and general corporate purposes. The financing is expected to improve margins and project economics.
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