Skeena Resources Ltd (SKE)

[douginil]

Skeena Resources aggressively pushing Eskay Creek further along the development curve


A very interesting article 2 Feb 2020

The Rich History of BC's Greatest Gold Mine - Eskay Creek: 1932-Today

by Greg Nolan, HighballerStocks.com

Eskay Creek 2019 PEA Highlights:

High-grade open-pit averaging 3.23 g/t Au, 78 g/t Ag (4.17 g/t AuEq) (diluted);
After-tax NPV5% of C$638M (US$491M) and 51% IRR at US$1,325/oz Au and US$16/oz Ag;
After-tax payback period of 1.2 years;
Pre-production capital expenditures (CAPEX) of C$303M (US$233M);
After-tax NPV: CAPEX Ratio of 2.1:1;
Life of Mine (“LOM”) average annual production of 236,000 oz Au, 5,812,000 oz Ag (306,000 oz AuEq);
LOM all-in sustaining costs (AISC) of C$983/oz (US$757/oz) AuEq recovered;
LOM cash costs of C$949/oz (US$731/oz) AuEq recovered;
6,850 tonne per day (TPD) mill and flotation plant producing saleable concentrate.



Read at (includes maps):
https://ceo.ca/@highballerstocks/the-rich-history-of-bcs-greatest-gold-mine-eskay-creek-1932-today