Skeena Resources (TSX: SKE) is reporting this morning that it has made progress on the permitting of its flagship Eskay Creek gold-silver project in British Columbia.
The junior developer on April 30 filed a joint permit application under the BC Mines Act and the Environmental Management Act with the BC Major Mine Office. The application is expected to be reviewed jointly with the Tahltan Central Government.
The Eskay Creek project is a planned open-pit operation that would see the restart of the past producing Eskay Creek Mine. A 2023 definitive feasibility study outlined an operation with a 12 year life of mine, producing on average 228,000 ounces of gold and 6.6 million ounces of silver a year, with average recoveries of 83% and 81%, respectively. All in sustaining costs on a co-product basis were estimated at $687 per ounce of gold equivalent.
“We are proud to announce that we have filed both the revised Environmental Assessment application and the BC Mines Act and Environmental Management Act application in close succession. This achievement is noteworthy within the industry and demonstrates our commitment to advancing the project according to our timeline. The EA Certificate and amended authorizations under the MA and EMA are anticipated in the fourth quarter of this year, marking a significant milestone toward restarting operations at Eskay Creek,” commented Randy Reichert, CEO of Skeena Resources.
Skeena Resources last traded at $15.52 on the TSX.
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