Skeena Resources Ltd. March 23 reported the signing of an agreement with Barrick Gold to acquire the historic high-grade Snip gold mine in northwestern British Columbia, an operation that produced roughly 1 million ounces of gold from ore averaging 25 grams per metric ton gold.

Under terms of the agreement, Skeena may acquire a 100 percent interest in the Snip property by: issuing up to 3.25 m...