TSX:SKEMetals and Mining
Should Skeena’s US$750M Note Deal and Stream Cut Reshape Expectations for Skeena Resources (TSX:SKE)?
Skeena Resources has recently priced and completed a US$750 million offering of 8.500% senior secured notes due 2031, using the funds to reduce its existing gold stream, fund interest reserves, advance construction at the Eskay Creek project, and bolster its cash position.
A key implication is the 66.67% reduction in Eskay Creek’s gold streaming commitments, which shifts more future project output back to Skeena.
We’ll now explore how this large note issuance and stream reduction shape...