Wednesday, October 8, 2025

Latest

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 flagship Eskay Creek Project, found in British Columbia. The firm has re-sold a royalty, months after re-purchasing it from Barrick Gold (TSX: ABX).

The company has closed on the sale of a 0.5% net smelter returns royalty to that of Franco-Nevada (TSX: FNV). The NSR was issued in connection with the granting of a right of first refusal in 2021 for the royalty, which accompanied a $30.9 million strategic investment made by Franco-Nevada via a flow-through financing at $21.00 a share.

The 0.5% NSR was sold for $27 million in closing cash consideration, and a contingent cash consideration of $1.5 million.

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

The sale effectively returns outstanding royalties on the Eskay Creek project to 1.00%. In September, Skeena had repurchased a 0.5% NSR from Barrick Gold for $17.5 million, with Barrick still holding a 0.5% royalty on the project. The subsequent sale to Franco-Nevada effectively resulted in the company flipping a royalty on its own project, making $9.5 million in the process based on the closing cash consideration figure.

Proceeds from the transaction are expected to be used for further exploration and development of the Eskay Creek project, as well as for general administration and corporate purposes.

Skeena Resources last traded at $7.21 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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Barrick Gold Considers Leaving Canada For The U.S.

Barrick Gold (TSX: ABX), one of Canada’s largest mining companies, is contemplating a move to...

Friday, February 14, 2025, 09:26:51 AM

Skeena To Acquire 100% Interest In Eskay Creek Project, Barrick Gold To Become Major Shareholder

Skeena Resources (TSXV: SKE) announced this morning that it will be exercising its option to...

Monday, July 6, 2020, 09:18:42 AM

Precious Metals: Canaccord Comments On Record Capital Returns From Producers

Recently, Canaccord put out a note titled, “Record return of capital and building cash.” Within,...

Tuesday, September 7, 2021, 04:47:00 PM

Skeena Resources Gains Strategic Investor Via $7.0 Million Flow Through Financing

It appears funding its exploration program is no problem for Skeena Resources (TSX: SKE). The...

Thursday, September 9, 2021, 08:46:13 AM

Franco-Nevada Q4 Earnings: Good Not Great

After what was arguably a terrible year for Franco-Nevada (TSX: FNV), the company actually managed...

Saturday, March 15, 2025, 12:31:00 PM