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:

Joe Reagor, ROTH Capital Partners (8/12/18)
"Pretium Resources Inc.'s Q2/18 results were relatively in line with our expectations, but we believe the market reaction was a demonstration that the company is putting its startup issues in the rear view. . .we attribute the move to Pretium's ability to demonstrate the quality of the Brucejack mine as it generated $72M in cash during the quarter."

Andrew Kaip, BMO Capital Markets (8/9/18)
"PVG reported a Q2/18 adjusted earnings per share beat on higher sales, lower costs and adjustments for other noncash items. Positively, cash costs and all-in sustaining cost were below our expectations. . .free cash flow was nicely above our estimates."

Joe Reagor, ROTH Capital Partners (7/11/18)
"We attended a site tour to Pretium Resources Inc.'s Brucejack mine. We came away impressed with the effectiveness of the company's grade control system and confident that management has a strong plan in place."

Andrew Kaip, BMO Capital Markets (7/11/18)
"We attended a site visit to Pretium Resources Inc.'s Brucejack mine with management; mine development is tracking well, and the benefits of grade control are evident. Importantly, we get the sense that grade control is leading to both positive and negative adjustments to grade and tons, but overall the net effect on contained ounces is minor."

Joe Reagor, ROTH Capital Partners (7/9/18)
"Pretium Resources Inc.'s Q2/18 production of 111,340 oz gold significantly exceeded our estimate of 83,427 oz; we attribute the beat to significantly higher-than-forecast average production grades. We note that our prior estimates were conservative, but this production level exceeded our more optimistic scenario as well."

David Haughton, CIBC World Markets (7/9/18)
"Pretium Resources Inc. reported strong Q2/18 production results that showed evidence of a grade reconciliation turnaround at Brucejack. The favorable H2/18 guidance should also be well received by the market."

Drilling was completed on two holes at a site in British Columbia's Golden Triangle.
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Lawrence Roulston
Once seen as remote, British Columbia's Golden Triangle has opened up dramatically, with two mines now in production, three new hydro-power facilities, a link to the provincial power grid, and roads throughout the region. Lawrence Roulston, managing director of WestBay Capital Advisors, discusses the changing mining landscape there and profiles a number of companies exploring that highly prospective region.
read more >
Andrew Kaip, an analyst with BMO Capital Markets, reviewed this company's Q1/18 production numbers.
read more >

More Expert Comments

Experts Following This Company

David Haughton – CIBC World Markets
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Andrew Kaip, Analyst – BMO Capital Markets
Jeff Killeen, Analyst – CIBC World Markets
James Kwantes Resource Opportunities
Rick Mills Ahead of the Herd
Bob Moriarty, Author 321 Gold
Joe Reagor, Analyst – ROTH Capital Partners
Lawrence Roulston – WestBay Capital Advisors
Lobo Tiggre, Founder and CEO – Casey Research
Eric Zaunscherb, Analyst – Canaccord Genuity

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