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Redevelops the past-producing, high-grade Eskay Creek gold-silver mine in British Columbia.
Redevelops the past-producing, high-grade Eskay Creek gold-silver mine in British Columbia.
Has no production yet and so no sales; construction is funded by investors and lenders. Once running, it would sell its gold and silver to smelters and refiners at market prices. Eskay Creek lies in British Columbia's Golden Triangle, where it produced before.
Moat: narrow (installed base, regulatory licence). Redeveloping a known, ultra-high-grade past producer lowers geological and permitting risk.
Headquarters: Vancouver, Canada · Founded: 2012 · Employees: 170
Size Skeena Resources (SKE.TO) is a Canada Materials company (Precious Metals) with a market value of $3.90B, the 138th largest of 420 Canada companies the cockpit tracks. Shares closed at C$43.58 on 6 Nov 2026.
Performance Over six months the shares gained 5.5%, against -2.5% for the median peer and +5.2% for the Canada market (cap-weighted) — 8th highest of 21 in its peer set.
Valuation It trades at 31.93× book value against a peer median of 3.06× (most expensive of 21).
Price implies The share price implies a return on equity of about 388.4%; Skeena Resources delivers -175.2%, so the price asks more than the business earns today.
Credit Skeena Resources has 1 bond outstanding ($750M), rated B- by the agencies and trading like BB- at a weighted spread of 238 bp.
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$0 | C$0 | C$0 | C$0 | C$0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | -C$1.76M | -C$1.82M | -C$8.22M | -C$2.40M | -C$1.91M |
| EBITDA | -C$76.1M | -C$55.4M | -C$167M | -C$113M | -C$111M |
| Net income | -C$248M | -C$183M | -C$152M | -C$109M | -C$88.9M |
| Free cash flow | -C$455M | -C$353M | -C$131M | -C$99.3M | -C$112M |
| Capital expenditure | C$405M | C$294M | C$11.0M | C$23.1M | C$19.2M |
| Total debt | C$1.12B | C$63.1M | C$13.5M | C$32.4M | C$3.56M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Skeena Resources SKE.TO | $3.90B | +6% | n/a | -175% | 31.93× | 388.4% |
| Seabridge Gold SEA.TO | $2.87B | -8% | n/a | 3% | 3.63× | 38.3% |
| Coeur Mining CDE | $15.9B | -17% | +117% | 13% | 1.53× | 17.0% |
| Hecla Mining HL | $9.90B | -21% | +30% | 22% | 3.56× | 35.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SKE.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.2% | -0.4% | 9th highest of 21 |
| 6-month return | +5.5% | -2.5% | 8th highest of 21 |
| Return on equity | -175.2% | 23.1% | lowest of 21 |
| Price / book | 31.93× | 3.06× | most expensive of 21 |
| ROE the price implies | 388.4% | 26.0% | most demanding of 21 |
| ROE delivered | -175.2% | 25.4% | lowest of 20 |
| Bond spread | 238 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Skeena Resources SKE.TO | Canada | $3.90B | +6% | n/a | -175% | 31.93× | 388.4% | -175.2% |
| Pan African Resources PAF.L | United Kingdom | $3.79B | -25% | +106% | 45% | 3.00× | 26.4% | 45.0% |
| Aya Gold & Silver AYA.TO | Canada | $3.68B | +40% | +265% | 25% | 7.41× | 68.5% | 25.4% |
| Vault Minerals VAU.AX | Australia | $4.19B | +21% | +35% | 13% | 2.83× | 25.1% | 13.5% |
| Westgold Resources WGX.AX | Australia | $3.64B | -2% | +79% | 20% | 2.21× | 17.1% | 20.4% |
| Centerra Gold CG.TO | Canada | $4.25B | +27% | +44% | 21% | 1.90× | 19.5% | 20.6% |
| Regis Resources RRL.AX | Australia | $3.49B | -3% | +43% | 38% | 2.30× | 25.4% | 37.7% |
| Capricorn Metals CMM.AX | Australia | $4.42B | -1% | +45% | 26% | 4.45× | 44.0% | 25.5% |
| Hochschild Mining HOC.L | United Kingdom | $3.37B | -27% | +37% | 37% | 3.48× | 25.6% | 37.4% |
| Western Region Gold 601069.SS | China | $3.29B | -26% | +118% | 10% | 4.27× | 39.7% | n/a |
| Aris Mining ARIS.TO | Canada | $3.24B | -15% | +94% | 21% | 1.81× | 23.3% | 20.8% |
| Allied Gold AAUC.TO | Canada | $3.24B | -19% | +54% | -14% | 5.77× | 31.4% | -14.0% |
| Hunan Gold 002155.SZ | China | $4.72B | -33% | +1% | 20% | 3.57× | 35.1% | 19.7% |
| Ramelius Resources RMS.AX | Australia | $4.78B | +3% | -14% | 4% | 1.76× | 17.1% | 4.3% |
| Montage Gold MAU.TO | Canada | $4.79B | +17% | n/a | -18% | 11.15× | 134.3% | -18.1% |
| K92 Mining KNT.TO | Canada | $4.86B | +10% | +62% | 45% | 4.91× | 36.8% | 45.5% |
| Predictive Discovery PDI.AX | Australia | $3.08B | -13% | n/a | -7% | 2.71× | 19.2% | -7.4% |
| Emerald Resources NL EMR.AX | Australia | $3.04B | +6% | +40% | 33% | 4.79× | 35.9% | 33.1% |
| Torex Resources TXR.TO | Canada | $5.02B | +16% | +76% | 28% | 1.93× | 18.0% | 27.5% |
| JCHX MINING MANAGEMENT 603979.SS | China | $5.09B | -12% | +23% | 26% | 2.68× | 20.3% | 26.3% |
| Greatland Resources GGP.AX | Australia | $5.11B | -31% | +118% | 48% | 3.12× | 34.5% | 48.3% |
Skeena Resources has 1 bond outstanding with $750M face value. The agencies rate it B-; its bonds trade like BB-. Weighted yield 7.01%, a spread of 238 bp over government bonds.