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SKE

Skeena Resources Limited

SKE

Skeena Resources Limited • NYSE
$20.83 ▲ 6.44% (+1.26)
Market Cap $2.52 B
52w High $21.16
52w Low $8.53
Dividend Yield 0%
P/E -29.76
Volume 582.48K
Outstanding Shares 121.05M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $14.84M ▼ $-36.797M ▼ 0% $-0.32 ▼ $-35.885M ▲
Q2-2025 $0 $15.127M ▲ $-36.033M ▲ 0% $-0.31 ▲ $-36.395M ▼
Q1-2025 $0 $10.432M ▼ $-38.248M ▼ 0% $-0.36 ▼ $-32.178M ▼
Q4-2024 $0 $37.327M ▼ $-3.231M ▲ 0% $-0.044 ▲ $-844.303K ▲
Q3-2024 $0 $41.587M $-62.736M 0% $-0.8 $-60.255M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $153.013M ▲ $647.203M ▲ $561.942M ▲ $85.261M ▼
Q2-2025 $108.482M ▼ $453.277M ▲ $340.661M ▲ $112.616M ▼
Q1-2025 $109.708M ▲ $334.203M ▲ $198.727M ▲ $135.476M ▲
Q4-2024 $97.89M ▲ $274.391M ▲ $183.778M ▲ $90.613M ▲
Q3-2024 $86.127M $227.06M $136.658M $90.402M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-36.797M ▼ $-17.806M ▼ $-103.385M ▼ $134.505M ▲ $13.764M ▲ $-109.83M ▼
Q2-2025 $-36.033M ▲ $-1.685M ▲ $-67.717M ▼ $66.341M ▼ $-3.537M ▼ $-66.324M ▼
Q1-2025 $-38.248M ▼ $-37.014M ▲ $-43.902M ▼ $81.901M ▲ $1.048M ▼ $-66.037M ▼
Q4-2024 $-4.649M ▲ $-41.774M ▼ $-7.095M ▼ $60.156M ▲ $12.081M ▲ $-42.381M ▼
Q3-2024 $-84.887M $-40.963M $-4.88M $3.003M $-42.401M $-41.01M

Five-Year Company Overview

Income Statement

Income Statement Skeena is still a pre‑revenue developer, so its income statement is driven almost entirely by exploration and corporate costs rather than sales. Over the past five years it has reported consistent losses, with no operating revenue yet coming in the door. Losses have been relatively steady but remain sizable, which is typical for a company moving large projects through studies and permitting. The picture here is an early‑stage mining business that is investing heavily now in the hope of future production, rather than one that is trying to optimize current profitability.

Balance Sheet

Balance Sheet The balance sheet is small but fairly straightforward. Assets have grown gradually as the company spends on its projects, with cash making up a meaningful portion of total assets. Debt has appeared but remains modest, suggesting limited financial leverage so far. Equity built up earlier and has drifted down more recently, which often reflects ongoing losses and past share issuances to fund work. Overall, the company still looks mostly equity‑funded and not overburdened by borrowings, but its financial strength ultimately depends on continued access to new capital until projects start generating cash.

Cash Flow

Cash Flow Cash flows reflect a company that is consuming cash to advance projects rather than generating it. Operating cash flow has been negative in most years, indicating that day‑to‑day activities and exploration work are funded from the balance sheet and external financing. Free cash flow is also negative, though direct spending on equipment and long‑lived assets has been relatively modest so far compared with the operating burn. This pattern is normal for a mining developer but underscores that Skeena remains reliant on capital markets or partners to keep funding progress toward construction and production.

Competitive Edge

Competitive Edge Skeena’s competitive position is built around a single standout asset: the Eskay Creek gold‑silver project in a well‑known Canadian mining district. Its advantages include a historically very high‑grade deposit, the potential for low operating costs helped by strong silver by‑product credits, and access to existing infrastructure and hydro power. The company also benefits from an unusually formal and cooperative relationship with the local Tahltan Nation, which can reduce permitting and social‑license risks compared with many peers. In a sector where many juniors have early‑stage or lower‑quality deposits, Skeena’s flagship project and strong local partnerships give it a more differentiated and arguably more resilient strategic position, though it still faces the usual execution, funding, and commodity‑price risks.

Innovation and R&D

Innovation and R&D Innovation at Skeena is less about lab‑style research and more about applying modern technology and data to a known district. The company is using advanced mineral processing (including very fine grinding) to improve metal recovery, and modern geophysics such as seismic surveys to find additional ore that older methods may have missed. It has also reinterpreted extensive historical drilling with new geological models, effectively “re‑mining the data” to redefine Eskay Creek as a large open‑pit opportunity. Beyond Eskay, projects like Snip and the new KSP gold‑copper discovery, plus the potential future extraction of critical metals such as antimony, point to a pipeline of ideas that could extend mine life, diversify revenue sources, and improve project economics over time—if the technical and economic studies support development.

Summary

Skeena is a development‑stage gold and silver company centered on revitalizing a past‑producing, high‑grade mine in a strong mining jurisdiction. Financially, it is still in the investment phase: no revenue, recurring losses, and ongoing cash burn funded mainly through equity and modest debt. Strategically, its strength lies in a high‑quality core asset, strong Indigenous partnerships, access to low‑carbon hydro power, and a sizeable exploration land package with recent promising discoveries. The main opportunities are tied to turning Eskay Creek into a low‑cost producer, extending its life, and potentially adding value from other metals and satellite deposits. The main risks are typical for this stage of mining: dependence on external funding, permitting and construction execution, technical outcomes from further studies, and future metal prices. Overall, Skeena combines a relatively concentrated but high‑potential asset base with standard early‑stage mining uncertainties.

NEWS

November 13, 2025 · 5:20 PM UTC

Skeena Gold & Silver Reports Q3 2025 Financial Results

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October 8, 2025 · 8:13 AM UTC

Skeena Resources Closes C$143.8 Million Bought Deal Financing

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October 3, 2025 · 8:33 PM UTC

Skeena Resources Limited Announces the Filing of the Prospectus Supplement in Respect of Its Approximately C$125 Million Bought Deal Financing

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October 1, 2025 · 4:45 PM UTC

Skeena Resources Limited Announces Approximately C$125 Million Bought Deal Financing

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