Skeena Resources Ltd 2025年度报告

Indicate the number of outstanding shares of each of the Registrant’s classes of capital or common stock as of the close of the period covered by this annual report: The Registrant had 121,300,287 Common Shares issued and outstanding as of December31, 2025. Indicate by check mark whether the Registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Exchange Act during the preceding 12months (or for suchshorter period that the Registrant was required to file such reports) and (2)has been subject to such filing requirements for the past 90days. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 ofthis chapter) during the preceding 12months (or for such shorter period that the Registrant was required to submit such files). Indicate by check mark whether the registrant is an emerging growth company as defined in Rule12b-2 of the Exchange Act. If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards † provided pursuant to Section13(a)of the Exchange Act.☐ † The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification afterApril5, 2012. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reportingunder Section404(b)of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section12(b)of the Exchange Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’sexecutive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ EXPLANATORY NOTE Skeena Resources Limited (the “Company” or the “Registrant”) is a British Columbia corporation that is permitted,under the multijurisdictional disclosure system adopted in the United States, to prepare this Annual Report onForm40-F (this “Annual Report”) pursuant to Section13 of the Securities Exchange Act of 1934, as amended (the“Exchange Act”), in accordance with Canadian disclosure requirements, which are different from those of the UnitedStates. The Company is a “foreign private issuer” as defined in Rule3b-4 under the Exchange Act and Rule405 underthe Securities Act of 1933, as amended (the “Securities Act”). Equity securities of the Company are accordinglyexempt from Sections 14(a), 14(b), 14(c), 14(f)and 16 (b) and (c) of the Exchange Act pursuant to Rule3a12-3thereunder. PRINCIPAL DOCUMENTS The following documents, filed as Exhibits 99.1, 99.2 and 99.3 hereto, are incorporated herein by reference into thisAnnual Report: A.Annual Information Formof the Company for theyear ended December31, 2025 (the “AIF”).B.Management’s Discussion and Analysis of the Company for theyear ended December31, 2025 (the “MD&A”).C.Audited Consolidated Financial Statements of the Company for theyear ended December31, 2025 (the “AuditedFinancial Statements”). CAUTIONARY NOTEREGARDING FORWARD-LOOKING STATEMENTS Certain statements in this Annual Report and the exhibits attached hereto are forward-looking statements under theprovisions of the United States Private Securities Litigation Reform Act of 1995, Section27A of the Securities Act,Section21E of the Exchange Act and forward-looking information within the meaning of applicable Canadiansecurities legislation (collectively, “forward-looking statements”). Forward-looking statements are subject to risks,uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied bythese forward-looking statements. Investors are cautioned not to put undue reliance on forward-looking statements.Applicable risks and uncertainties include, but are not limited to, those identified under the heading “Risk Factors” inthe AIF and MD&A and in other filings that the Company has made and may make with applicable securitiesregulatory authorities in the future. Please also see the section “Forward-Looking Statements” in the AIF and MD&Afor a discussion of forward-looking statements. Except as required by applicable law, the Company does not intend,and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information orfuture events, or otherwise. MINERAL RESERVE