#4 - Skeena Resources (NYSE:SKE)
If you’re looking for a small-cap alternative for mining precious metals and are willing to accept the risk that comes from penny stocks, you should consider Skeena Resources Limited (NYSE: SKE). The company mines gold, silver, copper, and other precious metals in British Columbia’s Golden Triangle region.
The immediate catalyst for SKE stock comes as the company updated its Mineral Resource Estimate (MRE) for its Eskay Creek gold-silver project. However, the company is not generating revenue from this project or any of its operations at this time.
That’s one thing weighing on the price of SKE stock. The other is the fact that the company’s revenue is closely linked to commodity prices. Gold and copper prices, in particular, have been volatile in 2023, although both are trending upward. And with copper demand expected to be at elevated levels for the next decade. Skeena Resources is a stock that merits close attention.
About Skeena Resources
Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.
Read More - Current Price
- $9.34
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
