Skeena Gold & Silver (TSX: SKE; NYSE: SKE) is working to revitalize an old underground mine at its Eskay Creek project in northwestern British Columbia’s Gold Triangle region into an open-pit operation with an estimated 12-year life.
President and CEO Walter Coles says that in the first five years of the project, it could yield grades of about 5.5 grams gold-equivalent per tonne and produce almost 10 million oz. of silver.
“Eskay will be one of the largest primary silver mines in the world,” Coles said last month during The Northern Miner’s International Metals Symposium in London. “Our shareholders should care about that (because) silver companies trade at a premium multiple to gold companies. That’s why we recently changed the name from Skeena Resources to Skeena Gold & Silver to emphasize the silver production we’re going to have.”
Flush with a US$750-million financing package from Orion Resource Partners last June, Skeena has all the money it needs to advance the project to construction. For its next big step, Skeena’s looking towards securing the final operating permit for Eskay Creek, expected next year, Coles said.
Watch the full chat below with The Northern Miner’s interim editor-in-chief, Colin McClelland.
JV videos are paid-for content in arrangement with The Northern Miner.
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