Skeena Resources (SKE) Q2 2026 earnings summary

Executive summary

• Advancing Eskay Creek Gold-Silver Project in British Columbia, fully permitted and under construction, targeting initial production and cash flow in Q2 2027.

• Eskay Creek expected to be among the highest-grade, lowest-cost open-pit precious metals mines globally, with significant silver by-product output.

• Committed to responsible, sustainable mining and partnerships with Indigenous communities to maximize long-term shareholder value.

Outlook and guidance

• Construction activities for Eskay Creek planned for the remainder of 2026, with key infrastructure completion and energization milestones.

• Commercial production at Eskay Creek anticipated to commence in 2027.

• Updated NI 43-101 Technical Report for Eskay Creek and Snip expected to potentially alter production profile and mine life.

• Senior Secured Notes proceeds expected to fund capital requirements through to commercial production.

Risk factors and uncertainties

• Risks include construction delays, cost overruns, commissioning failures, and inability to access financing when required.

• Potential for supply chain disruptions, inflation, labour shortages, adverse weather, and force majeure events.

• Regulatory, permitting, and Indigenous relations risks could impact project timelines and operations.

• Commodity price fluctuations, inaccurate resource estimates, and environmental incidents present additional uncertainties.