Canadian miner updates gold project’s net present value to US$1.1BN

Photo: Skeena Resources

Canada’s miner Skeena Resources has released its preli-minary feasibility study for the Eskay Creek gold project, updating the pro-perty’s after-tax net present value to some C$ 1.4 billion (US$1.1 billion).


The shovel open pit gold project involves a defunct mine in close proximity to Stewart in British Columbia. Under the plan, Skeena Resources is to invest some C$ 488 million in the pre-production phase, following which additional sustaining capital of C$ 47 million and reclamation costs of C$ 92 million are to be injected in the Canadian project, according to data from the miner.


Set up in 1979, the gold exploration company is based in Vancouver. The miner says its efforts are focused on developing precious metal properties in the Tahltan Territory in the Golden Triangle of British Columbia, Ca-nada.