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Skeena Resources Completes Robust Feasibility Study for Eskay Creek: After-Tax NPV (5%) of C$1.4B, 50% IRR and 1 Year Payback
VANCOUVER, BC / ACCESSWIRE / September 8, 2022 / Skeena Resources Limited (TSX:SKE) (NYSE:SKE) ("Skeena" or the "Company") is pleased to announce the results of
About this update from Skeena Resources Limited
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / September 8, 2022 / Skeena Resources Limited (TSX:SKE) (NYSE:SKE) (\"Skeena\" or the \"Company\") is pleased to announce the results of the Feasibility Study (\"FS\") for the Eskay Creek gold-silver project (\"Eskay Creek\" or the \"Project\") located in the Golden Triangle of British Columbia. Eskay Creek 2022 FS Highlights: After-tax net present value (\"NPV\") (5%) of C$1.41 billion at a base case of US$1,700 gold and US$19 silver Robust economics with an after-tax internal rate of return (\"IRR\") of 50.2% and an industry leading after-tax payback on pre-production capital expenditures of 1 year High-grade open-pit averaging 3.87 g/t gold equivalent (\"AuEq\") (2.99 g/t gold, 79 g/t silver) (diluted) with a strip ratio of 7.5:1 Years 1 - 5 average annual production of 431,000 AuEq ounces, places Eskay Creek as a tier one operation Life of mine (\"LOM\") production of 3.2 million AuEq ounces from 2.4 million ounces of gold and 66.7 million ounces of silver Estimated pre-production capital expenditures (\"CAPEX\") of C$592 million, yielding a compelling after-tax NPV:CAPEX ratio of 2.4:1 LOM all-in sustaining cost (\"AISC\") of US$652/oz AuEq recovered in concentrate Proven and Probable open-pit mineral Reserves of 29.9 million tonnes containing 2.87 million ounces gold and 75.5 million ounces silver (combined 3.85 million AuEq oz) A carbon intensity of 0.20 t CO2e/oz AuEq produced, positioning Eskay Creek to be one of the lowest carbon intensity mines worldwide The Company will be hosting a conference call to present the FS results for Eskay Creek on Thursday September 8th at 8:00 AM PT / 11:00 AM ET. A presentation by management will be followed by Q&A. Conference Call Webcast and Dial in Details: Webcast URL with audio Participant Telephone Numbers - Canada/US 1-800-319-4610, International Toll +1-604-638-5340 Feasibility Study Presentation If you'd 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. Skeena's President, Randy Reichert commented, \"The Feasibility Study confirms the robust economics of the world-class Eskay Creek Project originally shown in the Prefeasibility Study but with improved definition. The open-pit mineable, high-grade ore combined with the existing infrastruct...