• 9 min read • Author: Fabian Dawson • Print • Privacy & Disclaimer

Skeena Resources brings a new shine to BC’s Golden Triangle

Skeena has been making waves in the investment world recently being named a "Top Pick" at CEM’s prestigious Bermuda Capital Event. In this spotlight, we take a deep dive into the company with the CEO and Director, Randy Reichert.
"When you combine our high-grade production profile, top-notch infrastructure, community support and low production costs, it's clear why Skeena's projects are considered world-class."
- Randy Reichert, Skeena’s CEO and Director

British Columbia's Golden Triangle, a storied region renowned for its rich deposits of gold, silver, and a range of other valuable minerals, stands as a beacon in the global mining landscape.

For centuries, this area has magnetized the bold and visionary, drawn by its geological bounty. Since the late 1800s, over 150 mines have operated here, developing the Triangle's diverse mineral tapestry.

Today, the Golden Triangle is experiencing a renaissance, driven by geopolitical tensions and the global shift towards renewable energy, which have escalated the demand for gold, silver, and other critical metals that lie beneath the rugged terrain of Northwestern British Columbia. 

At the forefront of this resurgence is Skeena Resources, which is revitalizing the historic Eskay Creek and Snip Projects, located in the traditional territory of the Tahltan First Nation.

Eskay Creek, once the world's highest-grade gold mine, produced 3.3 million ounces of gold and 160 million ounces of silver, with average grades of 45 g/t gold and 2,224 g/t silver between 1994 and 2008. In November 2023, Skeena completed a Definitive Feasibility Study on Eskay Creek, revealing high-grade, pit-constrained reserves of 4.6 Moz AuEq at an average grade of 3.6 g/t AuEq, with an after-tax NPV5% of C$2 billion, a 43% IRR, and a 1.2-year payback at US$1,800/oz Au and US$23/oz Ag.

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