Skeena clears final permit for Eskay Creek mine restart

Skeena advances Eskay Creek mine with final permit

Skeena Gold & Silver (TSX: SKE) has secured the last regulatory permit to restart the Eskay Creek gold-silver project in British Columbia.
The company received an Environmental Management Act permit in coordination with the Tahltan Central Government, completing the permitting process.
This approval follows the BC Mines Act permit granted on January 27, allowing Skeena to advance toward commercial development.

The Eskay Creek mine, a former Barrick Mining asset, was once the world’s highest-grade gold mine.
A 2023 feasibility study projected a 12-year mine life with average annual production of 320,000 ounces of gold-equivalent, including 455,000 ounces of gold in the first five years.
As a result, Skeena positions itself for long-term value creation while supporting local communities and employment.

Economic and operational impact of Eskay Creek restart

Mining operations are planned to restart in the second quarter of 2027, with construction ramping up over the next few years.
The project is expected to generate about 1,000 construction jobs and more than 770 operational jobs at peak activity.
Capital expenditure is projected at C$713 million, contributing roughly C$1.2 billion in provincial revenues and economic benefits to British Columbia.

Eskay Creek’s environmental assessment certificate requires substantial construction to begin by 2036.
Meanwhile, Skeena emphasizes collaboration with the Tahltan Nation and regulatory authorities to ensure sustainable development.
The project highlights how high-grade assets in Canada’s Golden Triangle remain critical for global gold-silver supply.

SuperMetalPrice Commentary:

The Eskay Creek restart positions Skeena as a key supplier of high-grade gold and silver in North America.
The project’s scale and economic benefits enhance investor confidence and local employment prospects.
If executed efficiently, Eskay Creek could set a benchmark for environmentally responsible mining in the region.