The Globe and Mail reports in its Tuesday edition that RBC Dominion Securities analyst Michael Siperco has reaffirmed his "outperform" recommendation for Skeena Resources. The Globe's David Leeder writes in the Eye On Equities column that Mr. Siperco gave his share target a $3 boost to $26. Analysts on average target the shares at $19.82. Mr. Siperco sees Skeena Resources' Eskay Creek mine in Northwestern British Columbia as "a top-tier gold (and silver) project, with substantial funding in place and a clear path to production in mid-2027." Mr. Siperco says in a note: "Skeena has mobilized an owner-operated mining equipment fleet, including recently commissioned larger haul trucks, to pre-strip the pit, targeting 3 million tons of material in 2025, using the waste rock for construction. First ore from the high-grade near-surface orebody is expected by mid-2026 with plans for more than 1mt of stockpiled ore ahead of mill commissioning. Early infrastructure items on track and under budget. Key milestones ahead include the enclosure of the mill building ahead of this winter and the completion of the Volcano Creek substation and permanent camp construction by January 2026 to support peak workforce during full construction."
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