09:18 AM EST, 12/31/2024 (MT Newswires) -- Orion Mine Finance on Tuesday said it sold 7.72 million Skeena Resources ( SKE ) shares for $51.4 million, or $6.65 each, to Selwyn Lower Holdings.

The sale is part of a broader syndication transaction between Orion and Selwyn for the development of Skeena's Eskay Creek Project in the Golden Triangle of British Columbia.

With the sale, Orion halved its stake in Skeena to 7.2%.