# Untitled mining news story Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/mining-news--b53fc912-cccf-4010-a4c0-07a5c8cf8ace Original source: https://www.sec.gov/Archives/edgar/data/1713748/000155837022017495/tmb-20221110xex99d2.htm Publisher: research Original announcement: Unknown date Analysis by Minestarters Atlas Atlas analysis published: 2026-11-07T19:29:21.872Z Atlas analysis updated: 2026-11-07T19:29:21.872Z - Company: Unavailable - Ticker: SKE - Exchange: TSX - Region: British Columbia - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Other, Resource update - Extracted: 2026-11-07 19:29:21 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Skeena’s MD&A highlights the 2022 Eskay Creek feasibility study, including an after-tax NPV\(5%\) of C$1.41 billion, 50.2% IRR, and open-pit proven and probable reserves of 29.9 Mt. The document also covers corporate transactions, exploration spending, permitting, and other operating updates for the quarter and nine months ended September 30, 2022. Reasoning: The substantive current event is the publication and discussion of the Eskay Creek feasibility study and related project economics, not drilling or resource estimation. - Positive factor: The document reports a completed feasibility study for Eskay Creek with after-tax NPV\(5%\) of C$1.41 billion and after-tax IRR of 50.2%. - Positive factor: It also discloses open-pit reserves of 29.9 million tonnes containing 2.87 million oz gold and 75.5 million oz silver. - Negative factor: It is an MD&A rather than a standalone technical study release, so the economic study is embedded in broader corporate reporting. - Negative factor: No new drill assay results are reported in this document. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 4 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Story-specific tag Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The technical information is stated to have been reviewed by Paul Geddes, P.Geo, a qualified person defined by NI 43-101, and the study is presented within that reporting framework. Evidence · text > a qualified person as defined by National Instrument 43-101 **QP/CP Signed** Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Paul Geddes, P.Geo, is named as the qualified person responsible for the technical information. Evidence · text > reviewed by Paul Geddes, P.Geo **Mill Route** Polarity: neutral Story-specific tag Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: The feasibility study states processing throughput, gold recovery and silver recovery for the Eskay Creek open-pit project, indicating a mill-based processing circuit rather than a leach-only route. Evidence · table > Processing Throughput \(million tonnes per annum\) Context: Table 2: 2022 Eskay Creek Feasibility Study Project Parameters **Open Pit** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The study and MD&A explicitly describe Eskay Creek as an open-pit project with a strip ratio of 7.5:1. Evidence · table > Strip Ratio \(Waste: Mineralization\) \| 7.5:1 Context: Table 2: 2022 Eskay Creek Feasibility Study Project Parameters **Nearology Play** Polarity: neutral Story-specific tag Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The release emphasizes near-mine and regional exploration with targets proximal to the proposed processing facilities and the historical mine footprint. Evidence · text > preference given to targets with spatial proximity to the proposed processing facilities ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--b53fc912-cccf-4010-a4c0-07a5c8cf8ace#fact-resource-facts-0) Eskay Creek Revitalization Project · gold #### Identity - Project: Eskay Creek Revitalization Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: SKE #### Resource scope - Estimate type: reserve - Effective date: 2022-09-19T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Geddes - Resource group id: resource:fe6cfda615a85052d42f - Deposit or zone: Eskay Creek - Mining method: combined - Material type: diluted - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 29900000 - Grade: 2.99 - Grade Unit: g/t - Contained Metal: 2874 - Contained Unit: koz #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Ausenco #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No Reasoning: This row captures the reserve-grade gold estimate embedded in the feasibility study economics. - Positive factor: The feasibility study is a major project milestone. - Positive factor: The reserve sits within a large open-pit development plan with substantial contained gold. - Negative factor: The study is already completed rather than new operating performance. - Negative factor: The document does not provide a separate cut-off grade for the reserve row. Evidence · table > Average Diluted Gold Grade \(g/t\) \| 2.99 Context: Table 2: 2022 Eskay Creek Feasibility Study Project Parameters #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--b53fc912-cccf-4010-a4c0-07a5c8cf8ace#fact-resource-facts-1) Eskay Creek Revitalization Project · silver #### Identity - Project: Eskay Creek Revitalization Project - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: SKE #### Resource scope - Estimate type: reserve - Effective date: 2022-09-19T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Geddes - Resource group id: resource:fe6cfda615a85052d42f - Deposit or zone: Eskay Creek - Mining method: combined - Material type: diluted - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 29900000 - Grade: 78.55 - Grade Unit: g/t - Contained Metal: 75538 - Contained Unit: koz #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Ausenco #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No Reasoning: This captures the silver reserve-grade and contained silver disclosed in the feasibility study table. - Positive factor: Silver is a major co-product in the feasibility study. - Positive factor: Contained silver is very large and supports the project economics. - Negative factor: The row is part of a completed feasibility study rather than a new operational result. - Negative factor: No separate operating recovery assumptions are restated here beyond the table values. Evidence · table > Average Diluted Silver Grade \(g/t\) \| 78.55 Context: Table 2: 2022 Eskay Creek Feasibility Study Project Parameters #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--b53fc912-cccf-4010-a4c0-07a5c8cf8ace#fact-resource-facts-2) Eskay Creek Revitalization Project · gold #### Identity - Project: Eskay Creek Revitalization Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: SKE #### Resource scope - Estimate type: reserve - Effective date: 2022-09-19T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Geddes - Resource group id: resource:fe6cfda615a85052d42f - Deposit or zone: Eskay Creek - Mining method: combined - Material type: diluted - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 29900000 - Contained Metal: 2419 - Contained Unit: koz #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Ausenco #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No Reasoning: The table discloses life-of-mine gold production from the feasibility study. - Positive factor: Life-of-mine gold production is explicitly quantified. - Positive factor: The production profile is strong for a feasibility-stage open-pit project. - Negative factor: This is production guidance from a study, not actual mined output. - Negative factor: The figure is stated as LOM production rather than a resource or reserve grade. Evidence · table > LOM Gold Production \(koz\) \| 2,419 Context: Table 2: 2022 Eskay Creek Feasibility Study Project Parameters #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--b53fc912-cccf-4010-a4c0-07a5c8cf8ace#fact-resource-facts-3) Eskay Creek Revitalization Project · silver #### Identity - Project: Eskay Creek Revitalization Project - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: SKE #### Resource scope - Estimate type: reserve - Effective date: 2022-09-19T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul Geddes - Resource group id: resource:fe6cfda615a85052d42f - Deposit or zone: Eskay Creek - Mining method: combined - Material type: diluted - Resource basis: gross #### Resource Data - Category: probable - Tonnes: 29900000 - Contained Metal: 66707 - Contained Unit: koz #### Metal Equivalent - Assumptions Disclosed: Yes #### Lab - Laboratory: Ausenco #### Location - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No Reasoning: The table discloses life-of-mine silver production from the feasibility study. - Positive factor: Life-of-mine silver production is very large. - Positive factor: Silver materially contributes to the project’s economics. - Negative factor: This is a study output rather than actual production. - Negative factor: It is not a standalone resource update. Evidence · table > LOM Silver Production \(koz\) \| 66,707 Context: Table 2: 2022 Eskay Creek Feasibility Study Project Parameters #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.