Helikon Boosts Skeena Stake, Eyes Gold, Silver Production

Helikon Investments has significantly increased its stake in Skeena Resources, now holding an 18.5% share, making it their top holding. Skeena, a Vancouver-based explorer, focuses on gold and silver projects in British Columbia. The stock has surged 140% in the past year, with a market cap of $3.85 billion. Helikons move indicates high conviction in Skeenas potential as a cash flow producer, despite the stocks recent run-up. Skeenas Eskay Creek project is 49% complete, with engineering at 92% and most costs locked in. Production is still targeted for Q2 2027, but the budget has been increased to $659 million due to inflation and upgrades. Helikons investment, along with Skeenas recent funding, sets the stage for substantial upside as these mines come online. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f737a04caf7ca263