Skeena Resources Ltd (SKE) Form 6-K — Aug 13, 2026
Skeena Resources reported a Q2 2026 net loss of C$35.2 million, or C$(0.28) per share, versus a C$36.0 million loss a year earlier, with no revenue as the company remains in development stage. The first-half 2026 loss widened to C$139.7 million from C$74.3 million, driven mainly by financing-related items rather than operations. On April 10, 2026, the company completed US$750 million of 8.50% Senior Secured Notes due April 1, 2031, using US$184 million to buy back 66.67% of the Eskay Creek Gold Stream, US$400 million to fund construction, and US$94.2 million for an interest reserve. Carrying value of the debt stood at C$1.08 billion at June 30, 2026.
Key figures
- Eps
- -0.28 Q2 2026; -1.14 H1 2026 (CAD, basic and diluted)
- Revenue
- 0
- Net Income
- -35,220,000 CAD Q2 2026 (vs -36,033,000 Q2 2025); -139,677,000 CAD H1 2026 (vs -74,281,000 H1 2025)
- Total Debt
- 1,082,552,000 CAD carrying value of long-term debt
- Debt Amount
- US$750,000,000 (C$1,036,761,000) Senior Secured Notes
- Total Assets
- 1,917,096,000 CAD
- Cash Position
- 134,808,000 CAD
- Interest Rate
- 8.5
- Maturity Date
- April 1, 2031
- Shares Outstanding
- 125139335
- Restricted cash
- 500,853,000 CAD
- Interest reserve
- US$94,208,000 (three semi-annual coupon payments)
- Impairment h1 2026
- 10,784,000 CAD (write-off of terminated US$350M term loan facility costs)
- Nsr royalty liability
- 78,709,000 CAD; additional NSR royalty liability 136,009,000 CAD
- Gold stream repurchase
- US$184,000,000 for 66.67% of the Gold Stream
- Notes transaction costs
- 19,903,000 CAD
- Weighted avg shares q2 2026
- 123696505
- Commercial production target
- 2027
- Foreign exchange loss h1 2026
- 17,684,000 CAD
- Terminated term loan facility
- US$350,000,000 (no draws, terminated April 10, 2026)
- Nsr royalty minimum paid value
- 100,000,000 CAD
- Gold stream derivative liability
- 209,286,000 CAD (from 421,902,000 at Dec 31, 2025)
- Construction disbursement funding
- US$400,000,000
- Gold spot price assumption usd oz
- 4017
- Interest and finance fee expense h1 2026
- 19,851,000 CAD (vs 1,536,000 H1 2025)
AI analysis
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