Skeena Gold & Silver is rapidly revitalising Eskay Creek, once the world’s highest-grade gold mine

Skeena’s well-timed renaissance comes as gold and silver prices remain elevated and investors seek miners with tier-one credentials. The company has established a strong working relationship with the Tahltan Nation, the storied mining region’s Indigenous community, and is now moving forward with full-scale construction. The company is poised for a major rerating as it eyes first production next year at Eskay Creek, which is set to become one of the lowest-cost, highest-grade open-pit gold mines globally.

Skeena achieved a major derisking milestone in February when it completed the permitting process for Eskay Creek, receiving all the required permits for construction, including environmental approval that the Tahltan Central Government jointly signed off. Construction was more than 50% complete at the time of writing, and the company is on track for initial production in the second quarter of 2027 with projected annual revenue of C$2.1 billion (at current approximate spot prices of $4,300/oz gold and $68/oz silver.

It’s been a rapid but carefully planned path for Skeena, which commenced work on Eskay Creek in 2017 when it originally agreed with a global mining major, Barrick Mining. It’s set to produce 9.5Moz of silver annually in the first five years of operation, from an 88Moz reserve grading 68.7g/t silver, positioning it in the top quartile of global primary silver producers.