NEW YORK, December 30, 2025, 12:29 ET — Regular session
- Skeena Resources rose about 3% in midday New York trading, tracking a rebound in precious metals.
- Gold and silver recovered from Monday’s sharp pullback as investors repositioned into year-end.
- Traders are watching Fed minutes later Tuesday and a January consent decision tied to Eskay Creek.
Skeena Resources Ltd (NYSE: SKE) was up about 3.4% at $24.57 in midday trading on Tuesday, valuing the precious-metals developer at roughly $2.9 billion. About 565,000 shares had changed hands, below the stock’s average daily volume of roughly 909,000, according to market data.
The gains followed a rebound in precious metals after Monday’s steep pullback, keeping gold- and silver-linked miners in focus ahead of the Federal Reserve’s December meeting minutes, due later Tuesday. Spot gold rose 0.9% and silver gained 4.7%; “we saw very extreme volatility yesterday … but things have stabilised somewhat today,” said Peter Grant, vice president and senior metals strategist at Zaner Metals. Reuters
For Skeena, the day’s move also keeps attention on the permitting and community steps for Eskay Creek, its flagship gold-silver project in northwest British Columbia. The Vancouver-based company, which also trades in Toronto (TSX: SKE), said this month that the Tahltan Nation voted to support an Impact Benefit Agreement and that the Tahltan Central Government board would consider a consent decision in January 2026.
Mining shares were also a bright spot in Canada, where the S&P/TSX Composite edged higher as precious metal prices bounced back. Around noon in Toronto, RTT News cited gains of 3% to 4% in names including Skeena, Torex Gold and Aya Gold & Silver.
A report published on Monday said the agreement includes an upfront payment intended to deliver about $7,250 per Tahltan member in 2026, citing Tahltan officials. The report said Skeena did not respond to requests for comment and highlighted opposition from some Tahltan members and downstream Alaska groups concerned about potential impacts in shared watersheds.
Impact benefit agreements, often called IBAs, are contracts between developers and Indigenous communities that set out jobs, training, contracting and financial participation, along with governance and monitoring frameworks. Investors track them because they can influence permitting timelines and a project’s ability to secure financing.
Provincial materials describe Eskay Creek as a proposed open-pit gold-silver mine. For development-stage companies like Skeena, that means the shares can react quickly to both commodity swings and permitting headlines.
Tuesday’s bounce also underscored how thin year-end trading can amplify moves in higher-volatility miners. When bullion chops around, portfolio rebalancing and short-term hedging can push individual names harder than the metal itself.
For the rest of the session, attention is likely to stay on the Fed minutes and what they imply for U.S. rates and the dollar—two inputs that often steer gold. On the company side, traders are watching for any signal that the Eskay Creek consent and permitting path stays on schedule into early 2026.
