Geomechanics.io

  • Free Tools
Sign UpLog In

Geomechanics.io

Geomechanics, Streamlined.

© 2026 Geomechanics.io. All rights reserved.

Geomechanics.io

CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

Industries

MiningConstructionTunnelling

Company

Terms of UsePrivacy PolicyLinkedIn
    AllGeotechnicalMiningInfrastructureMaterialsHazardsEnvironmentalSoftwarePolicy
    Projects
    Contract Award

    Versamet’s US$360m Eskay Creek gold stream: project economics for mine planners

    April 6, 2026|

    Reviewed by Tom Sullivan

    Versamet’s US$360m Eskay Creek gold stream: project economics for mine planners

    First reported on MINING.com

    30 Second Briefing

    Versamet Royalties has agreed a US$360 million cornerstone gold stream on Skeena Resources’ Eskay Creek open-pit redevelopment in British Columbia’s Golden Triangle, securing 3.5% of payable gold for life-of-mine with no caps, step-downs or buyback rights and paying 10% of spot for delivered ounces. Eskay Creek, 49% built and targeting first production in Q2 2027, has 50.1 million tonnes at 2.6 g/t Au and 63 g/t Ag, with a 2023 study projecting 455,000 gold-equivalent oz per year for the first five years. The stream, expected to yield Versamet over 10,000 oz Au annually initially and lift its Canadian exposure to ~50% by 2028, is funded via an expanded credit package including a US$250 million revolver and new US$150 million term facility.

    Technical Brief

    • Eskay Creek previously produced 3.3 Moz Au and 160 Moz Ag between 1994 and 2008 at high underground grades.
    • 2023 feasibility defines 50.1 Mt at 2.6 g/t Au and 63 g/t Ag (4.1 Moz Au, 101.4 Moz Ag).
    • Life-of-mine production in the study totals 2.8 Moz Au and over 81 Moz Ag across a 12‑year schedule.
    • Versamet’s free cash flow yield of 9.7% is cited as highest among royalty and streaming peers.

    Our Take

    With Eskay Creek already 49% built and Skeena targeting first production in Q2 2027, this stream reduces development and schedule risk in Versamet’s book compared with earlier‑stage royalties that dominate many of the other gold‑tagged financings in our coverage.

    Versamet’s plan to have roughly 50% of its portfolio exposure in Canada by 2028, supported by this British Columbia asset, suggests a deliberate reweighting away from higher‑risk regions that feature prominently in other recent gold and silver items in our database, such as Russia‑adjacent coal and Panama copper operations.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    Mining
    about 13 hours ago

    Minerals Council of Australia backs GRX26: technical takeaways for mine project teams

    Minerals Council of Australia has been confirmed as Endorsing Partner for the Global Resources Innovation Expo (GRX26), positioning the event as a ‘by industry, for industry’ platform for Australia’s mining and METS sector. The MCA, the peak body for major iron ore, coal, gold, copper and critical minerals producers, will use the partnership to promote technology-led productivity, decarbonisation and skills development. For engineers and suppliers, GRX26 now offers a more direct channel to operators and policy influencers shaping mine automation, electrification and processing innovation in Australia.

    Mining
    about 13 hours ago

    Sandvik DD423i development drill rig: drill‑and‑blast control insights for engineers

    Sandvik has launched the DD423i automated twin-boom development drill rig, built on the DD422i platform but engineered for higher drilling accuracy, automation readiness and data integration in underground hard-rock mines. The rig is designed for multi-face development with intelligent drilling controls, compatibility with Sandvik’s AutoMine and OptiMine systems, and upgraded onboard diagnostics to reduce unplanned downtime. For mine engineers, the DD423i targets tighter drill-and-blast control, improved overbreak management and more consistent advance per blast in high-cost development headings.

    Mining
    about 14 hours ago

    St George Mining–Boston Metal MOE trial: flowsheet implications for niobium projects

    St George Mining has signed an MoU with Boston Metal to trial molten oxide electrolysis (MOE) for niobium production at St George’s 100%-owned Araxá niobium-rare earths project in Minas Gerais, Brazil. The joint project will test MOE’s ability to improve niobium recovery and processing efficiency compared with conventional pyrometallurgical and hydrometallurgical routes. For mine developers and metallurgists, the trial will indicate whether MOE can offer a lower-emission, potentially lower-cost flowsheet option for future niobium and REE concentrate processing at Araxá-scale deposits.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    Tunnelling

    Specialised solutions for tunnelling projects including grout mix design, hydrogeological analysis, and quality control.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.