Skeena Resources Ltd. Engages with Tahltan Nation Ahead of Eskay Creek Mine Referendum
Skeena Resources Ltd. (TSX: SRL) has announced that it is actively working with the Tahltan Nation to develop a mining model that emphasizes respect, reconciliation, and economic opportunity. The company’s focus remains on the historic Eskay Creek gold‑silver mine located approximately 80 kilometres northwest of Stewart, British Columbia, within the province’s prolific Golden Triangle.
Key Developments
| Date | Event | Impact |
|---|---|---|
| 12 Dec 2025 | Skeena Gold + Silver releases statement outlining partnership with the Tahltan Nation | Signals commitment to local employment and governance structures |
| 12 Dec 2025 | Tahltan First Nation members receive $10 K upfront payments from Skeena ahead of the IBA vote | Raises concerns about timing; highlights community sensitivity |
| 10 Dec 2025 | Silver price surges above $60 USD per ounce, reflecting increased demand for precious metals | Supports the economic rationale for reopening Eskay Creek |
| 10 Dec 2025 | Showcase Minerals announces acquisition of neighbouring gold projects | Indicates broader activity in the region, potentially affecting regional dynamics |
Eskay Creek Impact Benefit Agreement (IBA)
The proposed IBA is a legal framework that sets out:
- A royalty scheme for the Tahltan Central Government
- Compensation for the use of resources on the site
- Provisions to manage environmental and social impacts
The IBA will be subject to a community referendum scheduled for the upcoming weekend. Skeena has reported that the IBA includes a $10 000 upfront payment to each Tahltan member, a measure intended to support immediate community needs.
Community Response
While some Tahltan members appreciate the financial support, others have expressed concerns that the payment could influence the referendum outcome. The timing of the payment, just days before the vote, has been cited as a potential conflict of interest by community leaders.
Market Context
The recent doubling of silver prices, as noted by Mittelstand Cafe, reinforces the value proposition for reactivating the Eskay Creek mine. Skeena’s focus on precious metals aligns with broader market trends favouring gold and silver as safe‑haven assets amid economic uncertainty.
Outlook
Skeena Resources Ltd. remains committed to advancing its exploration and development plans for Eskay Creek while maintaining transparent dialogue with the Tahltan Nation. The outcome of the IBA referendum will be a critical milestone in determining the project’s future trajectory.
