TSX- and NYSE- listed Skeena Resources has closed the previously announced bought-offering of 5 702 479 shares of the company at C$6.05 each, raising C$34.5-million.
The company will use the proceeds to exercise its right to buy down a 0.5% net smelter return royalty, currently held by Barrick Gold, for a payment of C417.5-million, as well as general administration and corporate purposes.
Skeena is revitalising the past-producing Eskay Creek gold/silver mine in the Golden Triangle of north-west British Columbia.