How Skeena’s New Tahltan Partnership Framework Could Shape Skeena Resources (TSX:SKE) Investors

• Skeena Resources reported that the Tahltan Nation has voted in support of the Impact Benefit Agreement for the 100%-owned Eskay Creek Gold-Silver Project, paving the way for potential final consent by the Tahltan Central Government Board of Directors in January 2026.
• The agreement lays out a structured approach to shared benefits, including employment, training, business opportunities, community facilities funding, and direct financial participation for Tahltan members in the project’s future.
• We’ll now examine how this impactful Indigenous partnership and its emphasis on shared economic benefits may influence Skeena Resources’ broader investment narrative.

Find companies with promising cash flow potential yet trading below their fair value.

What Is Skeena Resources' Investment Narrative?

To own Skeena Resources, you really need to believe that Eskay Creek can successfully transition from a high-potential project into a permitted, financed and ultimately operating mine, despite ongoing losses and dilution. The Tahltan Nation’s support for the Impact Benefit Agreement is a meaningful step in that direction, because Indigenous consent and social licence sit alongside permitting progress and funding as the key short term catalysts now. It potentially lowers the risk of community opposition becoming a bottleneck, complementing recent management hires focused on environment and regulatory affairs. At the same time, the stock’s very large multi‑year return, continued net losses and reliance on equity offerings keep financing, execution and valuation at the center of the risk discussion. This IBA vote fits into that picture as a de‑risking, not a done deal.

However, one important funding risk may surprise newer 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

The Simply Wall St Community’s five fair value estimates span from about CA$28.67 to almost CA$286.67, showing just how far apart views on Skeena’s upside really are. When you layer that uncertainty over a business still loss making and reliant on future Eskay Creek milestones, it underlines why checking multiple viewpoints can be crucial before forming your own stance.

Explore 5 other fair value estimates on Skeena Resources - why the stock might be worth over 8x more 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 2 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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