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Skeena Resources Ltd T.SKE

Alternate Symbol(s):  SKE

Skeena Resources Limited is a precious metals developer that is focused on advancing the Eskay Creek Gold-Silver Project, a past producing mine located in the Golden Triangle in British Columbia, Canada. Eskay Creek represents one of the highest-grade and lowest cost open-pit precious metals mines in the world, with substantial silver by-product production. It also owns the past-producing Snip gold mine (Snip). In addition to Eskay Creek and Snip, the Company also owns several exploration stage mineral properties in the Golden Triangle and Liard Mining Division of British Columbia. Its 100%-owned Eskay Creek Project is a high-grade volcanogenic massive sulphide (VMS) deposit. The Snip mine consists of one mining lease and eight mineral claims totaling approximately 4,546 hectares (ha) in the Liard Mining Division. It has staked a 74,633-ha Hoodoo Project, located approximately 65 kilometers northwest of Eskay Creek. It also has interests in KSP property.


TSX:SKE - Post by User

Post by templetooth2on Dec 28, 2022 2:53pm
506 Views
Post# 35194068

New Year's Wish

New Year's WishVancouver (Rueters Jan 14)

W.Coles, chair of Skeena Resources, today announced a takeover offer for a larger rival, Centerra Gold. Mr. Coles urged the shareholders of Centerra to accept the offer of 1.25 shares of Skeena for each share of Centerra. According to Coles, 'This offer represents an immediate premium of 25% for Centerra shareholders, and allows them exposure to the exciting development potential of Skeena's Eskay Creek project.'

'The combined company would allow Centerra shareholders to return to the coveted million ounce per year status once Eskay Creek starts producing. Skeena shareholders would benefit from Centerra's cash pile which would mostly be used to fund Eskay construction'.

Mr. Randy Reichert, CEO of Skeena commented, 'These poor suckers (Centerra shareholders) have been wandering the investment desert for some years. By combining with a company with proven management and a project that can commmand investor interest, they will finally have an opportunity to enjoy some investment rewards.'

Rueters was unable to contact executive level response from Centerra. The company receptionist explained that the company's entire management team was doing due diligence at a mushroom farm they were interested in acquiring.
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