NEW YORK, December 29, 2025, 04:51 ET — Premarket
- Skeena Resources fell 1.8% in premarket trading after closing up 3.8% on Friday.
- Gold and silver pulled back from recent highs as investors took profits, weighing on precious-metals shares.
- Investors are watching swings in bullion and a January 2026 consent decision tied to Skeena’s Eskay Creek project.
Shares of Skeena Resources (SKE) slipped 1.8% to $24.97 in premarket trading on Monday, after the Canadian gold-silver developer finished Friday’s session up 3.8% at $25.42.
The early dip tracks a broader pullback in precious metals after a sharp year-end run that has lifted mining shares and related equities.
That matters for Skeena because the company is still in the development stage, leaving its valuation closely tied to investor sentiment on gold and silver prices rather than operating cash flow.
Spot gold fell 1.7% to $4,455.34 an ounce in early trading, while silver slid 4.6% to $75.47 after briefly rising above $80, Reuters reported.
“A combination of profit-taking and… a potential peace deal have put gold, silver on the back foot,” said Tim Waterer, chief market analyst at KCM Trade. Reuters
Reuters said investors have been paring back safe-haven trades after comments from U.S. President Donald Trump about progress in talks with Ukrainian President Volodymyr Zelenskiy.
Major precious-metals names also traded lower before the opening bell, with Newmont down 2.2% and Pan American Silver off 2.7%, according to Stock Analysis data.
Skeena’s shares are within sight of a 52-week high of $26.05, and the stock’s recent strength has mirrored the broader rally across gold-linked equities this year.
The company is advancing the Eskay Creek gold-silver project in British Columbia’s Golden Triangle, a past-producing mine that it describes as 100% owned.
In its most recent company update, Skeena said on Dec. 15 that members of the Tahltan Nation voted to support an impact benefit agreement, which outlines employment, training and financial participation tied to the project.
A decision from the Tahltan Central Government board on consent for the project will be under consideration in January 2026, the company said.
Traders are also watching the macro backdrop for bullion, with Reuters noting markets are awaiting the Federal Reserve’s minutes from its December meeting for clues on the rate path. Lower interest rates tend to support gold because it does not pay interest.
Premarket moves can be choppy because fewer shares typically change hands before the regular 9:30 a.m. ET open, which can amplify swings in either direction.
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