Skeena Resources Ltd
For the period ended Dec 31, 2025. Filed Mar 24, 2026.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2025 · Filed Mar 24, 2026
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Contents
EX-99.3 · Availability fee
Availability fee
During the year ended December 31, 2025, the Company incurred an availability fee of $6,319,000 (2024 – $3,406,000), of which $4,910,000 (2024 – $2,649,000) relates to the Senior Secured Term Loan and is capitalized to Other non-current assets, and $1,409,000 (2024 – $757,000) relates to the Gold Stream additional deposit and is recognized as finance fee expense. As of December 31, 2025, the availability fee relating to the Senior Secured Term Loan amounts to $7,559,000 (2024 – $2,649,000).
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|---|---|---|
| | | 29 |
| 12. | Provision for Closure and Reclamation |
The following is a continuity schedule of the provisions for closure and reclamation:
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| In $000s · · Eskay · · Snip · · Total | |||||||||
| Balance, December 31, 2023 | | $10,468 | | $3,186 | | $13,654 | |||
| Change in estimate | | | 23,574 | | | 1,070 | | | 24,644 |
| Accretion | | | 154 | | | 47 | | | 201 |
| Balance, December 31, 2024 | | $34,196 | | $4,303 | | $38,499 | |||
| Change in estimate | | 7,734 | | | (587) | | 7,147 | ||
| Accretion | | | 516 | | | 65 | | | 581 |
| Balance, December 31, 2025 | | $42,446 | | $3,781 | | $46,227 | |||
The Company periodically updates information and assumptions in order to enable it to refine its estimate of the present value of its future closure and reclamation obligations. Inputs include anticipated costs of required remediation work and environmental monitoring as well as the pre-tax real discount rate used (2025 –1.87%, 2024 –1.51%).
| 13. | Capital Stock and Reserves |
Authorized – unlimited number of voting common shares without par value.
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