Skeena Resources Limited has signed a binding agreement with QuestEx Gold & Copper Ltd. (“QuestEx”) whereby Skeena will acquire all of the issued and outstanding shares of QuestEx for a total consideration of approximately $48.6 million.

Skeena has signed a concurrent binding agreement with Newmont Corporation to vend certain QuestEx properties to Newmont via an asset purchase agreement on completion of the QuestEx transaction for approximately $27 million.