Skeena Resources Ltd. (NYSE:SKE) is one of the best silver mining stocks to invest in right now. On November 19, RBC Capital reiterated an Outperform rating on Skeena Resources Ltd. (NYSE:SKE) and kept the price target unchanged at C$34.
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Independently of the analyst action, Skeena released its Q3 2025 results on November 14 where it stated that it did not generate any revenue. Management explained that the company is still in the pre-production stage and all spending during the quarter went to development rather than sales. The net loss improved to C$36.8 million from C$84.9 million in Q3 2024, driven by lower exploration costs as drilling focused on efficient resource upgrades instead of broad expansion, as noted by management. However, the company missed the tighter consensus of C$0.06 loss due to rising admin expenses from equity incentives.
During the quarter, assets grew to C$647.2 million from C$274.4 million at year-start, led by C$437.7 million in mineral properties (up from C$144.2 million) as Eskay investments ramped. Also, operating cash use dropped to C$17.8 million from C$41.0 million, thanks to C$48.9 million non-cash derivative gains and reduced fieldwork, according to management.
Skeena Resources Ltd. (NYSE:SKE) is a Canadian mining exploration and development company, mainly targeting silver. The company is advancing Eskay Creek toward production through open-pit development, and is progressing the Snip Project, another past-producing high-grade mine.
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Disclosure: None. This article is originally published at Insider Monkey.
