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Skeena Resources Completes PFS for Eskay Creek: After-Tax NPV(5%) of C$1.4B, 56% IRR and 1.4 Year Payback
VANCOUVER, BC / ACCESSWIRE / July 22, 2021 / Skeena Resources Limited (TSX:SKE) (OTCQX:SKREF) ("Skeena" or the "Company") is pleased to announce the results of
About this update from Skeena Resources Limited
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / July 22, 2021 / Skeena Resources Limited (TSX:SKE) (OTCQX:SKREF) (\"Skeena\" or the \"Company\") is pleased to announce the results of the Prefeasibility Study (\"PFS\") completed by Ausenco Engineering Canada Inc. (\"Ausenco\"), supported by SRK Consulting (Canada), and AGP Mining Consultants, for the Eskay Creek gold-silver project (\"Eskay Creek\" or the \"Project\") located in the Golden Triangle of British Columbia. Eskay Creek 2021 PFS Highlights: High-grade open-pit averaging 3.37 g/t Au, 94 g/t Ag (4.57 g/t AuEq) (diluted) Proven and Probable Mineral Reserves of 3.88 Moz AuEq (26.4 Mt at 3.37 g/t Au and 94 g/t Ag). After-tax NPV5% of C$1.4 billion, (US$1.1 billion) and 56% IRR at US$1,550/oz Au and US$22/oz Ag After-tax payback period of 1.4 years Pre-production capital expenditures (CAPEX) of C$488M (US$381M) After-tax NPV:CAPEX Ratio of 2.9:1 Life of mine (\"LOM\") average annual production of 249,000 oz Au, 7,222,000 oz Ag (352,000 oz AuEq) over a 9.8-year mine life LOM all-in sustaining costs (\"AISC\") of C$702/oz (US$548/oz) AuEq recovered LOM cash costs of C$651/oz (US$509/oz) AuEq recovered 7,945 tonne per day (\"tpd\") mill and flotation plant producing saleable concentrate LOM average greenhouse gas (\"GHG\") emissions of 0.18 t CO2e/oz AuEq Exchange Rate (US$/C$) of 0.78 Cash costs are inclusive of mining costs, processing costs, site G&A, treatment and refining charges and royalties AISC includes cash costs plus estimated corporate G&A, sustaining capital and closure costs t CO2e = tonnes of carbon dioxide equivalent Skeena's CEO, Walter Coles Jr. commented, \"Eskay Creek has a rare combination of attributes: scale, impressive grade and location in a tier one mining jurisdiction with strong First Nations support. In the first 5 years of operation, it is anticipated that Eskay Creek will produce, on average, 450,000 gold equivalent ounces per year. We expect further increases to the annual production profile as we move to the Feasibility Study in Q1 of 2022, and beyond. Our goal is to create a mine producing 500,000 gold equivalent ounces per year for 10 years. The PFS is only based on the current open-pit resources. Skeena has a 35,000-metre exploration program underway at Eskay Creek to continue to grow the open-pit resources, and we have yet to focus on the considerable...