Skeena Resources Limited Announces Pricing of US$750 Million Senior Secured Notes Offering

Skeena Resources Limited has announced the pricing of its US$750 million offering of 8.500% Senior Secured Notes due 2031. The offering is expected to close on or about April 10, 2026. The proceeds will be used to refinance former project financing and to fund a partial buyback of an existing gold stream, along with funding an interest reserve account and advancing the Eskay Creek project. Skeena intends to use approximately US$184 million for the Stream Buy-Down, US$94 million for an interest reserve account, and the remaining proceeds for the Eskay Creek project and general corporate purposes. The company also plans to cancel its existing US$350 million senior secured term loan and cost over-run facility. This offering is expected to improve operating margins, increase exposure to gold prices, and enhance the overall economics of the Eskay Creek project.