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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:

Andrew Mikitchook, BMO Capital Markets

(5/6/21)
"Pretium Resources Inc.'s Q1/21 production of 85,795 oz was in line with our expectations, and all-in sustaining costs of $1,005/oz were better than our estimates. . .overall, Q1/21 represents the fifth quarter under the new management team led by Jacques Perron the company met expectations."

headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

(5/6/21)
"Pretium Resources Inc.'s Q1/21 production of 85,795 oz gold was slightly above our estimate of 84,991. . .operating costs and cash flow were better than anticipated."

Anita Soni, CIBC World Markets

(5/4/21)
"Pretium Resources Inc. reported positive exploration results from its underground expansion drill program, with high-grade gold mineralization intercepted at depth and to the east of the Valley of the Kings deposit out of one of the lowest mining levels at the Brucejack mine (the 1080 level). Drill results highlighted were 245.9 g/t over 7.5m and 1,400 g/t over 1m."

headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

(3/1/21)
"Pretium Resources Inc. announced its financial results for Q4/20 and full year 2021. . .the most significant takeaway was that 2020 production reconciled within a normal range. . .Q4/20 revenue of $169.6M was slightly above our $167.2M."

Anita Soni, CIBC World Markets

(2/25/21)
"Pretium Resources Inc. reported an adjusted earnings per share beat in Q4/20 driven by higher sales. . .results of the phase 1 drilling of the North Block zone include 19.3 g/t Au over 9m and 2,590 g/t Au over 1m with four intersections assayed above 1,000 g/t Au."

Pretium Resources reported that FY/20 gold production exceeded the mid-point of its yearly guidance and that it greatly reduced its debt by making a $160 million discretionary payment toward its credit line.
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headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

(1/19/21)
"Pretium Resources Inc.'s Q4/20 production of 88,299 oz gold was above our estimate of 81,929 oz. We attribute the higher than anticipated production to higher grades; production grades averaged 8.9 g/t gold compared to our 8.2 g/t estimate during Q4/20."

Pretium Resources' recent drill results, undervalued exploration potential and 2021 plan are covered in a BMO Capital Markets report.
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Through the transaction, Pretium Resources improves its balance sheet and Seabridge Gold gains mineral resources.
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Pretium Resources reported a new discovery at the Hanging Glacier Zone, projecting significant near-mine exploration potential at its Brucejack Mine.
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Pretium Resources agrees to sell Snowfield to Seabridge Gold.
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More Expert Comments

Experts Following This Company

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Chen Lin What Is Chen Buying? What Is Chen Selling?
Kevin MacKenzie, Analyst – Canaccord Genuity
Andrew Mikitchook, Analyst – BMO Capital Markets
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

Company News

5/5/2021 – Pretivm Provides the Annual General and Special Meeting Voting Results

5/3/2021 – Pretium Resources Inc.: Underground Exploration Drilling at Brucejack Extends Mineralization Below the Current Mining Levels and Intercepts High-Grade Gold to the East

4/15/2021 – Pretivm Provides Notice of First Quarter 2021 Operational and Financial Results Release Date and Conference Call Details

2/25/2021 – Pretivm Reports 2020 Operating and Financial Results; Achieves Guidance, Delivers Record High Free Cash Flow and Significantly Reduces Debt

2/25/2021 – Underground Exploration Drilling at Brucejack Extends Mineralization with High-Grade Intercepts

2/17/2021 – Pretivm Lifts COVID-19 Travel Restrictions at Brucejack

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