Skeena Resources

In the world of mineral exploration, the playbook often involves finding entirely new deposits. But Skeena Resources charted a different course. Led by Canadian Mining Hall of Fame inductee Ron Netolitzky and former investment banker Walter Coles Jr., Skeena focused on breathing new life into forgotten giants within British Columbia's famous Golden Triangle. The company’s strategy was to acquire past-producing mines that were shuttered when gold prices were low or extraction technology was less advanced. Their portfolio includes the Snip gold mine, but the crown jewel is Eskay Creek, once the world's highest-grade gold mine which ceased operations in 2008. A pivotal moment arrived in 2020 when Skeena secured 100% ownership of the Eskay Creek project from mining giant Barrick Gold. This wasn't a simple cash deal; Barrick took a significant equity stake in Skeena, becoming a major shareholder and signaling strong confidence in Skeena's revitalization plan. This transaction transformed Skeena from a junior exploration company into a serious development player, focused on bringing Eskay Creek back into production as a more efficient open-pit mine. Following the acquisition, Skeena has been actively raising capital to fund the extensive work needed to move the project forward. The company is listed on the Toronto Stock Exchange and the New York Stock Exchange, providing access to a broad base of investors to finance the path to restarting one of Canada's most storied mines.