Skeena Loses Appeal Over BC Chief Gold Commissioner Decision At Albino Waste Storage Facility

It appears that the decision of the BC Chief Gold Commissioner is all but final for Skeena Resources (TSX: SKE) as it relates to a decision handed down in February for materials at its Albino Waste Storage Facility. The company has seen its appeal to the British Columbia Supreme Court dismissed by Justice Iyer.

The appeal dismissal relates to a decision made by the BC Chief Gold Commissioner on a matter between Skeena Resources and an individual, Richard Mill. Mill managed to secure a mineral claim on lands underneath Skeena’s Albino Lake Storage Facility, and then in August 2021 applied to the Commissioner for a determination on who owns materials deposited into the facility by previous operators of the Eskay Creek Mine.

The materials in question consists of tailings and minerals containing sulfides and deleterious elements. The materials had come from the Eskay Creek Mine, and were subsequently managed by Skeena under a Lands Act surface lease as well as authorizations via the Mines Act and Environmental Management Act. The materials had previously been actively managed and environmentally monitored by Skeena and Barrick Gold, prior to Skeena taking ownership of the asset.

“We feel this sets a grave precedent for mineral exploration, development, and environmental liability management in British Columbia. Skeena will utilize all legal avenues to remedy this situation within the BC court system and we have already begun the appeal process,” said CEO Walter Coles at the time of the ruling in February 2022.

Skeena has indicated it intends to appeal the decision to dismiss its appeal on the matter.

As we said in February: “the lesson here appears to be simple – if you’re going to accept the environmental liability for historic materials, make sure you actually own the rights to them – and the mineral claims for where they’re situated.

Skeena Resources last traded at $7.62 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Copper Juniors Could Explode After This Trade War Move | Christian Easterday – Hot Chili

Silver Is Rarer Than Gold, And the Market’s Waking Up | Shawn Khunkhun – Dolly Varden Silver

Gold Will Hit North of $4,000: Who’s Actually Producing? | Shane Williams – West Red Lake

Recommended

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Related News

Skeena Resources Uplists to Toronto Stock Exchange

Skeena Resources (TSXV: SKE) is going big time. The BC-based miner this morning announced that...

Thursday, August 20, 2020, 08:49:20 AM

Canaccord Initiates Coverage On Skeena Resources With $5.00 Price Target

Canaccord Genuity has initiated coverage on Skeena Resources (TSX: SKE) with a C$5 price target...

Monday, August 31, 2020, 12:31:23 PM

Skeena Closes $30.9 Million Financing From Franco-Nevada

Skeena Resources (TSX: SKE) has closed its previously announced private placement. The firm indicated on...

Monday, December 27, 2021, 01:02:00 PM

Skeena Resources Announces Flow Through Financing Hours After Closing Financing Package With Franco-Nevada

Skeena Resources (TSX: SKE) is swallowing up whatever capital it can get its hands on....

Tuesday, December 19, 2023, 08:38:15 AM

Skeena Resources Makes $9.5 Million Flipping Eskay Creek Royalty

Skeena Resources (TSX: SKE) has evidently made a “quick-flip” out of a royalty on its...

Tuesday, January 3, 2023, 08:43:34 AM