Skeena Completes Positive Definitive Feasibility Study for Eskay Creek: After-Tax NPV (5%) of C$2.0 Billion, 43% IRR and 1.2 Year Payback

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[{"type":"text","content":"Skeena Completes Positive Definitive Feasibility Study for Eskay Creek: After-Tax NPV (5%) of C$2.0 Billion, 43% IRR and 1.2 Year PaybackVANCOUVER, BC / ACCESSWIRE / November 14, 2023 / Skeena Resources Limited (TSX:SKE )(NYSE:SKE ) (\"Skeena\" or the \"Company\") is pleased to announce the results of the Definitive Feasibility Study (\"DFS\" or the \"Study\") for its 100% owned Eskay Creek Gold-Silver Project (\"Eskay Creek\" or the \"Project\") located in Tahltan Territory in the Golden Triangle of northwest British Columbia.Eskay Creek 2023 DFS Highlights:After-tax net present value (\"NPV\")(5%) of C$2.0 billion at a base case of US$1,800 gold and US$23 silverIndustry-leading after-tax internal rate of return (\"IRR\") of 43% and an after-tax payback of 1.2 years on pre-production capital expenditures (\"CAPEX\")Life of mine (\"LOM\") all-in sustaining cost (\"AISC\") of US$684/oz gold equivalent (\"AuEq\") soldProven and Probable Mineral Reserves for open-pit mining of 39.8 million tonnes (\"Mt\") containing 3.3 million ounces (\"Moz\") gold and 88.0 Moz silver (4.6 Moz AuEq)Years 1-5: Average annual production of 455,000 oz at 5.5 g/t AuEq and average annual after-tax free cashflow of C$474 millionYears 1-10: Average annual production of 370,000 oz at 4.2 g/t AuEq and average annual after-tax free cashflow of C$365 millionEstimated pre-production CAPEX of C$713 million, yielding a compelling after-tax NPV:CAPEX ratio of 2.8:1The Company will be hosting a conference call to present the DFS results for Eskay Creek on November 15 at 8:00 AM PT / 11:00 AM ET. A presentation by management will be followed by an opportunity for Q&A.Conference Call Webcast and Dial in Details:Webcast URL with Audio - https://services.choruscall.ca/links/skeenaresources202311.htmlParticipant Telephone Numbers - Canada/US 1-800-319-4610, International Toll +1-604-638-5340Definitive Feasibility Study Presentation - https://skeenaresources.com/investors/2023-definitive-feasibility-study-presentation/ *presentation will be available on the morning of November 15, 2023If you would like to ask a question, please dial in. All callers should dial in 5-10 minutes prior to the scheduled start time and simply ask to join the call. If you are unable to join the call, a replay will be made available here following the completion of the call.Randy Reichert,...

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