Eskay Creek Feasibility Study: $659M Capex Over a 12-Year Mine Life
Skeena Gold & Silver Ltd.'s Eskay Creek in Canada, British Columbia (Tahltan Territory) has a Feasibility Study outlining initial capital of $659M. The mine plan runs 12 years at about 450000 oz AuEq per year.
Skeena Gold & Silver Ltd.'s Eskay Creek has reported Feasibility Study results for the gold & silver project in Canada, British Columbia (Tahltan Territory). It reflects Skeena Gold & Silver Ltd.'s (SKE.TO) latest disclosed economics for the asset.
Economics. Initial capital expenditure is estimated at $659M. The study models a payback period of 1.2 years. All-in sustaining costs are pegged at 687 USD/oz AuEq. Economics are based on Base case: $1,800/oz Au & $23/oz Ag (2023 DFS); also shown at spot $4,400/oz Au & $72/oz Ag; and $6,000/oz Au & $150/oz Ag.
Production and mine plan. The project envisions an open-pit operation. Life of mine is 12 years. Average annual production is approximately 450000 oz AuEq. Average head grade is 5.5 gpt AuEq in years 1-5; 4.2 gpt AuEq in years 1-10.
Resources and ownership. Mineral reserves: Proven & Probable: 39.8 Mt at 2.6 g/t Au, 68.7 g/t Ag, 3.6 g/t AuEq containing 3.3 Moz Au, 88.0 Moz Ag, 4.6 Moz AuEq. Mineral resources: Measured & Indicated (open pit): 50.1 Mt at 2.6 g/t Au, 63.0 g/t Ag, 3.4 g/t AuEq containing 4.1 Moz Au, 101.4 Moz Ag, 5.5 Moz AuEq. Underground M&I: 1,821 kt at 4.7 g/t Au, 95.6 g/t Ag, 6.0 g/t AuEq containing 273 Koz Au, 5,599 Koz Ag, 352 Koz AuEq. The company holds a 100% interest in the project. Royalties and streams: 66.67% of gold stream repurchased; remaining gold stream encumbrance on the project; additional royalties acquired after 2023 DFS.
These figures are extracted from Skeena Gold & Silver Ltd.'s technical disclosures and reflect the most recent Feasibility Study on file. Compare this project against other developers and producers in our project economics database, and always verify the numbers against the original technical report before making any investment decision.