Latest news with #SkeenaResourcesLimited
Yahoo
05-05-2025
- Business
- Yahoo
Skeena Confirms Filing of Joint BC Mines Act and Environmental Management Act Applications; Releases Video Highlighting Environmental Assessment Application for Eskay Creek
VANCOUVER, BC / / May 5, 2025 / Skeena Resources Limited (TSX:SKE)(NYSE:SKE) ("Skeena Gold and Silver", "Skeena" or the "Company") is pleased to report continued progress on the permitting timeline for its 100%-owned Eskay Creek Gold-Silver Project ("Eskay" or the "Project"). The Company has filed the Joint Permit Application for the BC Mines Act ("MA) and Environmental Management Act ("EMA") with the BC Major Mine Office (MMO) for joint review with the Tahltan Central Government ("TCG"). Uploading of the application started on April 22 and was completed on April 30, 2025. Randy Reichert, Chief Executive Officer of Skeena, commented: "We are proud to announce that we have filed both the revised Environmental Assessment application and the BC Mines Act and Environmental Management Act application in close succession. This achievement is noteworthy within the industry and demonstrates our commitment to advancing the project according to our timeline. The EA Certificate and amended authorizations under the MA and EMA are anticipated in the fourth quarter of this year, marking a significant milestone toward restarting operations at Eskay Creek." Short Documentary Highlighting Environmental Assessment Application Skeena is pleased to release a short video that brings to life the recently submitted Environmental Assessment Certificate (EAC) Application for the Project. The video provides an overview of the comprehensive EA process in British Columbia and showcases the Company's commitment to socially responsible development in close collaboration with the Tahltan Nation. It highlights key areas of environmental stewardship, community engagement, and sustainable project design that form the foundation of the EAC Application. The video is now available here, on our website, and social media channels. About Skeena Skeena is a leading precious metals developer that is focused on advancing the Eskay Creek Gold-Silver Project - a past producing mine located in the renowned Golden Triangle in British Columbia, Canada. Eskay Creek will be one of the highest-grade and lowest cost open-pit precious metals mines in the world, with substantial silver by-product production that surpasses many primary silver mines. Skeena is committed to sustainable mining practices and maximizing the potential of its mineral resources. In partnership with the Tahltan Nation, Skeena strives to foster positive relationships with Indigenous communities while delivering long-term value and sustainable growth for its stakeholders. On behalf of the Board of Directors of Skeena Gold & Silver, Walter ColesExecutive Chairman Randy ReichertPresident & CEO For further information, please contact: Galina MelegerVice President Investor RelationsE: info@ 604-684-8725W: SOURCE: Skeena Resources Limited X / Facebook / LinkedIn / Instagram Skeena's Corporate Head office is located at Suite #2600 - 1133 Melville Street, Vancouver BC V6E 4E5 Cautionary note regarding forward-looking statements Certain statements and information contained or incorporated by reference in this news release constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation (collectively, "forward-looking statements"). These statements relate to future events or our future performance. The use of words such as "anticipates", "believes", "proposes", "contemplates", "generates", "targets", "is projected", "is planned", "considers", "estimates", "expects", "is expected", "potential" and similar expressions, or statements that certain actions, events or results "may", "might", "will", "could", or "would" be taken, achieved, or occur, may identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements. Specific forward-looking statements contained herein include, but are not limited to, statements regarding the progress of development at Eskay, including the construction budget, schedule and required funding in respect thereof; outcome related to the EA certificate and the restart of operations, future progress at Eskay Creek and adherence to the timeline, future actions and commitments regarding environmental stewardship and community engagement; and the results of the Definitive Feasibility Study, processing capacity of the mine, anticipated mine life, probable reserves, estimated project capital and operating costs, sustaining costs, results of test work and studies, planned environmental assessments, the future price of metals, metal concentrate, and future exploration and development. Such forward-looking statements are based on material factors and/or assumptions which include, but are not limited to, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and the assumptions set forth herein and in the Company's MD&A for the year ended December 31, 2024, its most recently filed interim MD&A, and the Company's Annual Information Form ("AIF") dated March 31, 2025. Such forward-looking statements represent the Company's management expectations, estimates and projections regarding future events or circumstances on the date the statements are made, and are necessarily based on several estimates and assumptions that, while considered reasonable by the Company as of the date hereof, are not guarantees of future performance. Actual events and results may differ materially from those described herein, and are subject to significant operational, business, economic, and regulatory risks and uncertainties. The risks and uncertainties that may affect the forward-looking statements in this news release include, among others: the inherent risks involved in exploration and development of mineral properties, including permitting and other government approvals; the receipt and timing of the environmental assessment certificate,; changes in economic conditions, including changes in the price of gold and other key variables; changes in mine plans and other factors, including accidents, equipment breakdown, bad weather and other project execution delays, many of which are beyond the control of the Company; environmental risks and unanticipated reclamation expenses; and other risk factors identified in the Company's MD&A for the year ended December 31, 2024, its most recently filed interim MD&A, the AIF dated March 31, 2025 the Company's short form base shelf prospectus dated March 19, 2025, and in the Company's other periodic filings with securities and regulatory authorities in Canada and the United States that are available on SEDAR+ at or on EDGAR at Readers should not place undue reliance on such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and the Company does not undertake any obligations to update and/or revise any forward-looking statements except as required by applicable securities laws. SOURCE: Skeena Resources Limited View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
25-04-2025
- Business
- Yahoo
Skeena Resources Limited (SKE): Among the Best Precious Metals Stocks to Buy According to Analysts
We recently published a list of . In this article, we are going to take a look at where Skeena Resources Limited (NYSE:SKE) stands against other best precious metals stocks to buy according to analysts. Gold prices set new records in early 2025, driven by growing interest in gold as a safe haven asset amid rising tariffs and trade wars between the United States and China. The precious metal exceeded $3,000/oz recently. Lately, gold is acting both as a hedge against inflation and a competitor to yield-earning assets like the US Treasurys. This has created what analysts call a 'smile profile,' where gold tends to go up whether US yields rise or fall. Natasha Kaneva, head of Global Commodities Strategy at J.P. Morgan, commented: 'We maintain our multi-year bullish outlook on gold. From a macro perspective, a universal tariff scenario would likely supercharge the broad price effects for precious metals. Boosted economic growth concerns and higher inflation risks could continue to fuel strong investor demand for gold.' Similarly, Jim Wyckoff, a senior analyst at Kitco Metals, said on April 15: 'Traders are waiting for the next major fundamental development to drive the gold market, but the charts remain bullish. There's still safe-haven demand.' In line with that, European private banking firm Commerzbank wrote in a note to investors: 'The rise in the gold price is also partly in line with the continuing weakness of the dollar, which points to a gradual erosion of the U.S. currency's status as a safe asset – gold is likely to be an alternative for many USD investors.' Goldman Sachs has lifted its gold price forecast from $3,300 to $3,700 per ounce by the end of 2025. This forecast is supported by higher central bank purchases and increased ETF inflows amid growing global economic uncertainty. President Trump's unpredictable trade policies are the basis for this market upheaval. While gold remains a haven in volatile times, it lacks income-generating potential and incurs storage costs. Still, mining stocks are also gaining appeal, with lower energy costs boosting profits. According to the Silver Institute, the silver market is moving towards its fifth consecutive year of a supply deficit in 2025, with demand exceeding supply again. Industrial use, especially in green tech, electric vehicles, and electronics, is driving much of this demand and is expected to reach a new record this year. Prices also rebounded in early 2025, partly due to growing uncertainty around President Trump's potential tariff policies, which have resulted in more short covering and deliveries of silver into CME warehouses. At the same time, ongoing global and economic concerns have helped push investors back toward safe-haven assets like silver. Still, silver investment has faced some challenges. Ongoing concerns about China's economy have held back demand, and the persistently high gold-to-silver ratio suggests that investors still favor gold. Overall, silver demand is expected to stay steady at around 1.2 billion ounces. While industrial and retail investment will rise, jewellery and silverware demand, especially in India, is expected to fall due to high local prices. For this article, we searched multiple credible websites to compile a large list of US-listed precious metals stocks. Next, we manually searched for the average upside potential of each stock and selected 13 stocks with the highest values. The list below is ranked in ascending order of the upside potential as of April 16. We have also mentioned the hedge fund sentiment as per Insider Monkey's database of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A mining operation in a remote location, the mine entrance illuminated with headlamps. Number of Hedge Fund Holders: 10 Average Upside Potential: 17.09% Skeena Resources Limited (NYSE:SKE) is a Canadian mining company that explores and develops precious metal deposits, including gold, silver, and copper. The company was founded in 1979 and is headquartered in Vancouver. On February 26, SKE closed a huge financing deal that raised nearly C$88.3 million. The company sold 3.29 million common shares at C$14.70 each and 2.23 million flow-through shares at C$17.93 each. This money will be utilized to finance the Eskay Creek gold-silver project, with the rest going toward general company needs. It is one of the best metal stocks to invest in. On February 14, 2025, Skeena Resources Limited (NYSE:SKE) and its subsidiary QuestEx Gold & Copper invested strategically in TDG Gold Corp by purchasing 22 million shares for C$11 million. The acquisition was financed by selling QuestEx's Sofia property for $4 million and a C$7 million cash payment. Before this deal, Skeena only held 1 million shares of TDG, but now it owns 23 million shares, making up roughly 13% of the company. According to Insider Monkey's fourth quarter database, 10 hedge funds were bullish on Skeena Resources Limited (NYSE:SKE), compared to 9 funds in the prior quarter. Overall, SKE ranks 13th on our list of best precious metals stocks to buy according to analysts. While we acknowledge the potential of precious metals stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SKE but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
16-03-2025
- Business
- Yahoo
Institutional investors are Skeena Resources Limited's (TSE:SKE) biggest bettors and were rewarded after last week's CA$82m market cap gain
Institutions' substantial holdings in Skeena Resources implies that they have significant influence over the company's share price A total of 10 investors have a majority stake in the company with 51% ownership Recent sales by insiders To get a sense of who is truly in control of Skeena Resources Limited (TSE:SKE), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 46% to be precise, is institutions. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Last week's 5.1% gain means that institutional investors were on the positive end of the spectrum even as the company has shown strong longer-term trends. The gains from last week would have further boosted the one-year return to shareholders which currently stand at 143%. In the chart below, we zoom in on the different ownership groups of Skeena Resources. See our latest analysis for Skeena Resources Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that Skeena Resources does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Skeena Resources, (below). Of course, keep in mind that there are other factors to consider, too. Our data indicates that hedge funds own 10% of Skeena Resources. That catches my attention because hedge funds sometimes try to influence management, or bring about changes that will create near term value for shareholders. Looking at our data, we can see that the largest shareholder is Helikon Investments Limited with 10% of shares outstanding. BlackRock, Inc. is the second largest shareholder owning 6.8% of common stock, and Blackstone Inc. holds about 6.7% of the company stock. We did some more digging and found that 10 of the top shareholders account for roughly 51% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our most recent data indicates that insiders own some shares in Skeena Resources Limited. The insiders have a meaningful stake worth CA$40m. Most would see this as a real positive. If you would like to explore the question of insider alignment, you can click here to see if insiders have been buying or selling. The general public, who are usually individual investors, hold a 23% stake in Skeena Resources. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. Private equity firms hold a 13% stake in Skeena Resources. This suggests they can be influential in key policy decisions. Some might like this, because private equity are sometimes activists who hold management accountable. But other times, private equity is selling out, having taking the company public. Our data indicates that Private Companies hold 4.1%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. For instance, we've identified 3 warning signs for Skeena Resources (1 doesn't sit too well with us) that you should be aware of. Ultimately the future is most important. You can access this free report on analyst forecasts for the company. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Globe and Mail
26-02-2025
- Business
- Globe and Mail
Skeena Resources Closes C$88.3 Million Bought Deal Financing
VANCOUVER, BC / ACCESS Newswire / February 26, 2025 / Skeena Resources Limited (TSX: SKE)(NYSE: SKE) ("Skeena Gold & Silver", "Skeena" or the "Company") is pleased to announce the closing of the previously announced bought deal offering of 3,290,000 common shares of the Company (the " Common Shares"), at a price of C$14.70 per Common Share (the " Common Share Offering Price") and 2,230,000 Common Shares issued as "flow-through shares" (the " Flow-Through Common Shares" and together with the Common Shares, the " Offered Shares") as defined in subsection 66(15) of the Income Tax Act (Canada) (the " Tax Act") at a price of $17.93 per Flow-Through Common Share (the " Flow-Through Offering Price"), for aggregate gross proceeds of C$88,346,900 (the " Offering"). The Underwriters (as defined below) elected in full to have 2,230,000 Common Shares issuable as Flow-Through Common Shares at the Flow-Through Offering Price and exercised in full their option to purchase up to an additional 720,000 Common Shares at the Common Share Offering Price under the Offering. The Offered Shares are offered by way of a prospectus supplement to the Company's base shelf prospectus (the " Base Shelf Prospectus") in all of the provinces of Canada, excluding Quebec. The Offered Shares are also offered by way of a U.S. prospectus supplement to the Company's registration statement on Form F-10 (including the Base Shelf Prospectus) in the United States. BMO Capital Markets acted as sole bookrunner for the Offering, on behalf of a syndicate of underwriters which includes Raymond James Ltd., RBC Dominion Securities Inc., Agentis Capital Markets LP, Canaccord Genuity Corp., CIBC World Markets Inc., Desjardins Securities Inc., and TD Securities Inc. (collectively, the " Underwriters"). The proceeds raised from the sales of the Common Shares will be used for continued advancement of the Company's Eskay Creek gold-silver project and for general corporate purposes. The proceeds raised from the sales of the Flow-Through Common Shares will be used by the Company to incur eligible "Canadian development expenses" (within the meaning of the Tax Act) (the " Qualifying Expenditures"). The Qualifying Expenditures will be incurred or deemed to be incurred and renounced to the purchasers of the Flow-Through Common Shares with an effective date no later than December 31, 2025. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Offered Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About Skeena Skeena is a leading precious metals developer that is focused on advancing the Eskay Creek Gold-Silver Project - a past producing mine located in the renowned Golden Triangle in British Columbia, Canada. Eskay Creek will be one of the highest-grade and lowest cost open-pit precious metals mines in the world, with substantial silver by-product production that surpasses many primary silver mines. Skeena is committed to sustainable mining practices and maximizing the potential of its mineral resources. In partnership with the Tahltan Nation, Skeena strives to foster positive relationships with Indigenous communities while delivering long-term value and sustainable growth for its stakeholders. Contact Information Galina Meleger Vice President Investor Relations E: info@ T: 604-684-8725 Cautionary note regarding forward-looking statements Certain statements and information contained or incorporated by reference in this news release constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation (collectively, "forward-looking statements"). These statements relate to future events or our future performance. The use of words such as "anticipates", "believes", "proposes", "contemplates", "generates", "targets", "is projected", "is planned", "considers", "estimates", "expects", "is expected", "potential" and similar expressions, or statements that certain actions, events or results "may", "might", "will", "could", or "would" be taken, achieved, or occur, may identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements. Specific forward-looking statements contained herein include, but are not limited to, statements relating to the tax treatment of the Flow-Through Common Shares, the use of the proceeds from the Offering and the Company's milestones. Such forward-looking statements represent the Company's management expectations, estimates and projections regarding future events or circumstances on the date the statements are made, and are necessarily based on several estimates and assumptions that, while considered reasonable by the Company as of the date hereof, are not guarantees of future performance. Actual events and results may differ materially from those described herein, and are subject to significant operational, business, economic, and regulatory risks and uncertainties. The risks and uncertainties that may affect the forward-looking statements in this news release include, among others: risks related to the tax treatment of the Flow-Through Common Shares, the inherent risks involved in development and construction of mineral properties, including permitting and other government approvals; changes in economic conditions, including changes in the price of gold and other key variables; changes in mine plans and other factors, including accidents, equipment breakdown, bad weather and other project execution delays, many of which are beyond the control of the Company; environmental risks and unanticipated reclamation expenses; and other risk factors identified in the Company's MD&A for the year ended December 31, 2023, its most recently filed interim MD&A, the AIF dated March 28, 2024, the Company's short form base shelf prospectus dated January 31, 2023, and in the Company's other periodic filings with securities and regulatory authorities in Canada and the United States that are available on SEDAR+ at or on EDGAR at Readers should not place undue reliance on such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and the Company does not undertake any obligations to update and/or revise any forward-looking statements except as required by applicable securities laws. View the original press release on ACCESS Newswire
Associated Press
26-02-2025
- Business
- Associated Press
Skeena Resources Closes C$88.3 Million Bought Deal Financing
VANCOUVER, BC / ACCESS Newswire / February 26, 2025 / Skeena Resources Limited (TSX:SKE)(NYSE:SKE) ('Skeena Gold & Silver', 'Skeena' or the 'Company') is pleased to announce the closing of the previously announced bought deal offering of 3,290,000 common shares of the Company (the 'Common Shares'), at a price of C$14.70 per Common Share (the 'Common Share Offering Price') and 2,230,000 Common Shares issued as 'flow-through shares' (the 'Flow-Through Common Shares' and together with the Common Shares, the 'Offered Shares') as defined in subsection 66(15) of the Income Tax Act (Canada) (the 'Tax Act') at a price of $17.93 per Flow-Through Common Share (the 'Flow-Through Offering Price'), for aggregate gross proceeds of C$88,346,900 (the 'Offering'). The Underwriters (as defined below) elected in full to have 2,230,000 Common Shares issuable as Flow-Through Common Shares at the Flow-Through Offering Price and exercised in full their option to purchase up to an additional 720,000 Common Shares at the Common Share Offering Price under the Offering. The Offered Shares are offered by way of a prospectus supplement to the Company's base shelf prospectus (the 'Base Shelf Prospectus') in all of the provinces of Canada, excluding Quebec. The Offered Shares are also offered by way of a U.S. prospectus supplement to the Company's registration statement on Form F-10 (including the Base Shelf Prospectus) in the United States. BMO Capital Markets acted as sole bookrunner for the Offering, on behalf of a syndicate of underwriters which includes Raymond James Ltd., RBC Dominion Securities Inc., Agentis Capital Markets LP, Canaccord Genuity Corp., CIBC World Markets Inc., Desjardins Securities Inc., and TD Securities Inc. (collectively, the 'Underwriters'). The proceeds raised from the sales of the Common Shares will be used for continued advancement of the Company's Eskay Creek gold-silver project and for general corporate purposes. The proceeds raised from the sales of the Flow-Through Common Shares will be used by the Company to incur eligible 'Canadian development expenses' (within the meaning of the Tax Act) (the 'Qualifying Expenditures'). The Qualifying Expenditures will be incurred or deemed to be incurred and renounced to the purchasers of the Flow-Through Common Shares with an effective date no later than December 31, 2025. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Offered Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About Skeena Skeena is a leading precious metals developer that is focused on advancing the Eskay Creek Gold-Silver Project - a past producing mine located in the renowned Golden Triangle in British Columbia, Canada. Eskay Creek will be one of the highest-grade and lowest cost open-pit precious metals mines in the world, with substantial silver by-product production that surpasses many primary silver mines. Skeena is committed to sustainable mining practices and maximizing the potential of its mineral resources. In partnership with the Tahltan Nation, Skeena strives to foster positive relationships with Indigenous communities while delivering long-term value and sustainable growth for its stakeholders. Contact Information Galina Meleger Vice President Investor Relations T: 604-684-8725 Cautionary note regarding forward-looking statements Certain statements and information contained or incorporated by reference in this news release constitute 'forward-looking information' and 'forward-looking statements' within the meaning of applicable Canadian and United States securities legislation (collectively, 'forward-looking statements'). These statements relate to future events or our future performance. The use of words such as 'anticipates', 'believes', 'proposes', 'contemplates', 'generates', 'targets', 'is projected', 'is planned', 'considers', 'estimates', 'expects', 'is expected', 'potential' and similar expressions, or statements that certain actions, events or results 'may', 'might', 'will', 'could', or 'would' be taken, achieved, or occur, may identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements. Specific forward-looking statements contained herein include, but are not limited to, statements relating to the tax treatment of the Flow-Through Common Shares, the use of the proceeds from the Offering and the Company's milestones. Such forward-looking statements represent the Company's management expectations, estimates and projections regarding future events or circumstances on the date the statements are made, and are necessarily based on several estimates and assumptions that, while considered reasonable by the Company as of the date hereof, are not guarantees of future performance. Actual events and results may differ materially from those described herein, and are subject to significant operational, business, economic, and regulatory risks and uncertainties. The risks and uncertainties that may affect the forward-looking statements in this news release include, among others: risks related to the tax treatment of the Flow-Through Common Shares, the inherent risks involved in development and construction of mineral properties, including permitting and other government approvals; changes in economic conditions, including changes in the price of gold and other key variables; changes in mine plans and other factors, including accidents, equipment breakdown, bad weather and other project execution delays, many of which are beyond the control of the Company; environmental risks and unanticipated reclamation expenses; and other risk factors identified in the Company's MD&A for the year ended December 31, 2023, its most recently filed interim MD&A, the AIF dated March 28, 2024, the Company's short form base shelf prospectus dated January 31, 2023, and in the Company's other periodic filings with securities and regulatory authorities in Canada and the United States that are available on SEDAR+ at or on EDGAR at Readers should not place undue reliance on such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and the Company does not undertake any obligations to update and/or revise any forward-looking statements except as required by applicable securities laws.
