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Skeena Resources Limited

SKE
Industrial Materials · Basic Materials
Price
$25.18
-0.13 (-0.51%)
Market Cap
$3.12B
Exchange
New York Stock Exchange
Winston Score
Winston looking sleepy
No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+92.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 59.8M (2021) → 115.2M (2025)

Skeena Resources is a Canadian mining company focused on developing gold and silver deposits in British Columbia, Canada. Its main project is the Eskay Creek mine, a historic high-grade gold and silver property in northwestern BC that was once one of the highest-grade gold mines in the world. The company is working to bring Eskay Creek back into production after it was shut down in 2008.

Skeena does not yet generate revenue from mining — it is in the development stage, spending money on exploration, engineering, and permitting to build the mine. The company is based in Vancouver and operates entirely within Canada, relying on equity raises and capital markets to fund its work. The key growth driver is successfully permitting and financing Eskay Creek into production, but the main risk is that mine development is expensive, slow, and subject to regulatory hurdles, commodity price swings, and the need to raise significant additional capital.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

-138.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

Research and development spending

Insider Activity

26.4%ownership

Insiders own a meaningful stake in the company

Cash Runway

~1 months

$43M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Skeena Resources Limited has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
N/A
Data not available
Operating Margin
N/A
Data not available
ROCE
-11.1%
Weak — -11.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
N/A
Data not available
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
N/A
Data not available

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Stability

Debt / Equity
0.09
Conservative — low debt load (0.09)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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