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Skeena Resources Down 5.5% In US Premarket As Prices US$750 Million Notes Offering
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Skeena Resources Down 5.5% In US Premarket As Prices US$750 Million Notes Offering
Apr 2, 2026 4:38 AM

07:29 AM EDT, 04/02/2026 (MT Newswires) -- Skeena Resources ( SKE ) was at last look down 5.5% in US premarket trade Thursday as it announced the pricing of its offering of US$750 million of 8.5% senior notes due 2031. The offering is expected to close on April 10.

Skeena intends to use US$184 million of the proceeds to fund a partial buyback of a US$200 million gold stream agreement. The buyback will lower the stream percentage deliverable from Eskay Creek production by 66.7%.

The company will also use US$94 million of the proceeds to fund an interest reserve account containing the first three semi-annual interest payments due under the notes. The remaining proceeds will be used to advance the Eskay Creek project.

Skeena has amended the stream agreement with Orion to terminate the stream cost over-run facility and current US$350 million senior secured term loan. The company said it does not expect to incur any fees in connection with the cancellations.

Shares in SKE rose 3.9% in Canada and 4.3% in the U.S. yesterday.

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