Does Project Financing and Index Inclusion Reinforce the Long-Term Case for Skeena Resources (TSX:SKE)?

• In recent news, Skeena Resources was upgraded to Buy by analysts after achieving full project financing and making strong progress on its Eskay Creek gold-silver project, along with being included in the S&P/TSX Composite Index.
• This development reflects growing institutional confidence in Skeena's high-grade asset base and enhances its visibility among investors and market participants.
• We'll explore how the successful funding of Eskay Creek is shaping Skeena Resources' investment story and future potential.

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What Is Skeena Resources' Investment Narrative?

For many investors, the core belief behind supporting Skeena Resources centers on the transformative potential of its Eskay Creek project, which remains the company’s main short-term catalyst as it progresses towards production. With full project funding now secured and recent index inclusions, the most immediate financing and liquidity risks have shifted meaningfully, eliminating one of the biggest overhangs in previous quarters. This recent step changes the risk profile and should bring more attention from institutional investors. However, while these are positive developments, the company remains unprofitable and continues to report substantial net losses, reflecting ongoing project execution and operational risks. Legal uncertainties around mineral rights and the lack of any current revenue generation still hang over the investment story. The announcement of strong institutional confidence may set a new narrative, but investors should keep in mind that the path to profitability and successful project execution remains critical. Contrast this with the unresolved court decision, which is still an important consideration for shareholders.

Skeena Resources' shares have been on the rise but are still potentially undervalued. Find out how large the opportunity might be.

Exploring Other Perspectives

Five distinct valuation estimates from the Simply Wall St Community range from C$18.31 to a very large C$183.09 per share, underscoring how investors interpret Eskay Creek’s impact very differently. That diversity is especially relevant given the company’s legal and profitability risks, which could sway the story sharply in either direction. Explore the range of opinions behind these numbers.

Explore 5 other fair value estimates on Skeena Resources - why the stock might be worth 20% less than the current price!

Build Your Own Skeena Resources Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Skeena Resources research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.
• Our free Skeena Resources research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Skeena Resources' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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