Skeena Resources Ltd (SKE) Form 6-K — May 15, 2026
Skeena Resources reported a Q1 2026 net loss of CAD $104.5 million, significantly higher than the CAD $38.2 million loss in the prior year period. The increase was primarily driven by a CAD $54.4 million mark-to-market loss on its gold stream derivative liability due to rising gold prices, and a CAD $10.8 million impairment charge related to the termination of a previous senior secured term loan facility. Despite the accounting losses, the company secured critical long-term funding by closing a US$750 million offering of senior secured notes on April 10, 2026. The notes bear 8.5% interest, mature in 2031, and are non-callable for the first two years.
Key figures
- Debt Amount
- 750000000
- Total Assets
- 1131950000
- Cash Position
- 25551000
- Interest Rate
- 8.5
- Maturity Date
- 2031-04-01
- Shares Outstanding
- 124084385
- Impairment loss
- 10784000
- Gold spot price usd
- 4554
- Nsr royalty liability
- 110004000
- Interest reserve deposit
- 94208000
- Gold stream repurchase amount
- 184000000
- Gold stream derivative liability
- 476291000
- Additional nsroyalty option liability
- 146185000
AI analysis
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