PVG:TSX; PVG:NYSE

Pretium Resources Inc.

Pretivm is creating value through gold by ramping up production of the 100%-owned Brucejack Mine.

The Brucejack Mine is a 2,700 tonnes-per-day high-grade gold underground mine located in northwestern British Columbia, approximately 65 kilometers north of Stewart. The mine began commercial operation in the summer of 2017 and produced 154,484 ounces of gold during the first six months of ramp-up.

A feasibility study completed in June 2014 and updated in December 2016 has outlined Proven and Probable mineral reserves in Brucejack’s Valley of the Kings comprising 8.1 million ounces of gold (15.6 million tonnes grading 16.1 grams per tonne gold).

Pretivm trades on the TSX and NYSE under the ticker symbol "PVG".
PVG:TSX PVG:NYSE

Expert Comments:

Key points from the miner's company update at the Denver Gold Forum are summarized in a CIBC report.
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The new arrangement will go into effect at the end of this month.
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Anita Soni, CIBC World Markets

(9/17/19)
"Pretium Resources Inc. President and CEO Joseph Ovsenek presented at the 2019 Denver Gold Forum, highlighting the company's progress on ramp-up and longitudinal longhole stoping development. Pretium is on track to achieve 3.8 Ktpd by late Q4/19, its exploration upside and target to deliver a new life of mine plan in early 2020; we have raised our price target to CA$18 from CA$15.50."

headshot of Andrew Kaip

Andrew Kaip, BMO Capital Markets

(9/16/19)
"This morning, Pretium Resources Inc. announced that it had reached an agreement to repurchase 100% of its gold offtake agreement on Sept. 30, 2019. The offtake agreement was part of the company's 2015 construction financing packaging. . .Pretium will eliminate 100% of the offtake obligation with Triple Flag and Osisko Gold Royalties for an aggregate of about $80M."

Key points management made on a recent investor tour are presented in a BMO Capital Markets report.
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Andrew Kaip, BMO Capital Markets

(9/5/19)
"At the beginning of the year, questions centered around Pretium Resources Inc.'s grade reconciliation and quarterly production results; while these questions are pertinent, post delivering an in line H1/19, we sense investors are beginning to become more comfortable with the company's execution and are now more focused on future priorities such as upcoming catalysts."

headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

(9/4/19)
"As a result of our higher gold and silver price forecasts for 2019 and 2020, we are increasing our price target from $15 to $16 for Pretium Resources Inc. However, we believe the company's performance over the next year will be more tied to guidance than metals price appreciation; additionally, we continue to believe Pretium will achieve production guidance for 2019."

headshot of Bhakti Pavani

Bhakti Pavani, Alliance Global Partners

(8/5/19)
"Pretium Resources Inc. noted that underground development has been increased to 1,000m/mo in order to support the increased throughput capacity of 3.8 Ktpd. . .the company already processed over 3.5 Ktpd of throughput in Q2/19. Given the pace of underground development, we believe Pretium might achieve the 3.8 Ktpd of throughput capacity by Q3/19E or early Q4/19."

headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

(8/4/19)
"Pretium Resources Inc.'s Q2/19 production of 90,761 oz gold was in line with our estimate of 90,731 oz. . .the company also reported adjusted earnings per share of $0.09, compared to our estimate of $0.07 as costs continued to track below expectations. . .based on the in line performance in Q2/19 and our expectations for the remainder of 2019, we expect to see a continued steady climb in Pretium's market valuation."

Meanwhile, elsewhere on the property, the Canadian company continues exploration.
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Recent drill results and their implications were addressed in a BMO Capital Markets report.
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More Expert Comments

Experts Following This Company

headshot of Andrew Kaip
Andrew Kaip, Analyst – BMO Capital Markets
headshot of Chen Lin
Chen Lin What Is Chen Buying? What Is Chen Selling?
headshot of Bhakti Pavani
Bhakti Pavani – Alliance Global Partners
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
Anita Soni, Analyst – CIBC World Markets

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
 
High-Grade Underground Gold Mine in British Columbia, Canada
 
Ramping Up Production to Steady State
 
Local and Regional Exploration Potential
Pretium Resources Inc. Content