How did SKE's expenses impact profits in Q4 2024?

Skeena Resources (SKE) reported a net loss of $3.23 million for Q4 2024. The expenses associated with the company's operations and development during this period had a significant impact on its profitability. 1. **Mining Operations Costs**: As a mining company, SKE incurs various expenses related to exploration, development, and production. These costs can include drilling, excavation, processing, and transportation of minerals. In Q4 2024, these expenses were likely higher due to the company's ongoing efforts to develop its Eskay Creek Gold-Silver Project. 2. **Permitting and Regulatory Costs**: SKE has been actively seeking permits and approvals for its project, which involves significant costs associated with environmental assessments, community consultations, and regulatory compliance. The receipt of the Bulk Technical Sample permit, although a milestone, likely incurred additional costs prior to the official approval. 3. **Financing Costs**: SKE has been securing financing for its project, which includes both equity and debt financing. The costs associated with these financings, such as interest, fees, and legal expenses, would have been reflected in the quarterly expenses. The acquisition of a 7.18% stake in SKE by Selwyn Lower Holdings L.P. for CAD 51.4 million is an example of such financing activity. In summary, SKE's expenses in Q4 2024 were primarily driven by mining operations, permitting, and financing costs. These expenses, combined with other factors such as market conditions and operational efficiencies, resulted in the company's net loss for the quarter.