The short release for Skeena Gold & Silverâs Q2âŻ2025 results does not disclose the specific production costâperâounce (or per metric ton) figures, nor the quarterâoverâquarter or yearâoverâyear changes. The MD&A that accompanies the filing is where the company normally reports its cash costâperâounce, allâin sustaining costâperâounce and the comparable metricâtonne cost for its silverâgold projects. Because those numbers are not quoted in the summary, we cannot state the exact magnitude of the shift versus Q1âŻ2025 or Q2âŻ2024.
From a trading perspective, the absence of costâperâounce guidance in the headline release is itself a signal. Investors typically watch cost trends to gauge margin pressure; a disclosed reduction would have been bullish for the stock, while any uptick would raise redâflag concerns about profitability, especially given the current highâgold price environment. Until the detailed MD&A is reviewed, a prudent shortâterm approach is to hold in a neutral stance, monitor Skeenaâs upcoming earnings conference call for any commentary on cost control, and watch the price action around the release for volumeâdriven moves that could set the next support/resistance levels. If the detailed filing later shows a meaningful cost decline (e.g., >5â10âŻ% YoY), it would support a buying opportunity; conversely, a cost increase of similar magnitude would warrant a defensive position or tightening of stopâlosses.