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Skeena Resources Ltd (4)
Symbol SKE
Shares Issued 125,491,699
Close 2026-09-15 C$ 42.61
Market Cap C$ 5,347,201,294
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Globe says Reynolds keen on Skeena Resources

2026-09-16 04:37 ET - In the News

The Globe and Mail reports in its Wednesday, Sept. 16, edition that RBC analyst Harrison Reynolds has resumed coverage on Skeena Resources with an "outperform" recommendation and a $64 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $52.49. Mr. Reynolds sees Skeena "on the doorstep of the next major Canadian gold-silver mine." He says in a note: "Skeena is building one of the highest-grade open-pit precious metals mines globally in BC's Golden Triangle. Initial production is on track for 2Q27 with construction well advanced. We anticipate multiple expansion as Skeena transitions from developer to producer, underpinned by a front-loaded production profile of 450,000 ounces per year gold equivalent in years one to five with potential for incremental asset value through an updated mine plan in early 2027. Scarce asset with strategic optionality backed by a team with deal-making and mine-building expertise. Eskay Creek will be one of Canada's largest precious metals mines and one of three operating mines in the Golden Triangle alongside Newmont's Brucejack and Red Chris. The combination of scale, grade and jurisdiction carries strategic value."

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