This past June, we took a big leap forward in Skeena’s journey by securing project financing totaling US$750 million with Orion Resource Partners to advance Eskay Creek towards production.
Orion Resource Partners, a global investment firm specializing in the mining sector, has committed to a financing package comprised of three components, including an equity investment, a gold stream and a senior secured loan.
Securing this financing provides Skeena with the financial foundation necessary to embark on development and ensures that we have the resources needed to see the project through to completion. This achievement is a testament to our collective hard work and dedication. While we celebrate this milestone, it’s essential to recognize that a considerable amount of work remains ahead of us, including gaining the necessary permits from relevant authorities for full-scale construction. This summer we began finalizing our early works programs and detailed engineering plans, including site preparation, road work and early infrastructure development. Subject to receiving all the required permits, we are projecting initial production in early 2027.
Special thanks to team members involved in securing the project financing for your hard work and dedication. The achievement would not have been possible without your efforts.