PVG:TSX; PVG:NYSE

Pretium Resources Inc.

Pretivm is creating value through gold at its 100%-owned, advanced-stage Brucejack Project located in northern British Columbia. The high-grade gold opportunity at Brucejack, one of the largest and highest-grading undeveloped gold projects in the world, is the catalyst for near-term production, and our focus.

A feasibility study completed in June 2014 has outlined Proven and Probable mineral reserves in Brucejack’s Valley of the Kings comprising 6.9 million ounces of gold (13.6 million tonnes grading 15.7 grams per tonne gold). Pretivm is advancing Brucejack to production as a 2,700 tonnes per day underground mine.

All of the major regulatory permits required to begin development work on the high-grade underground gold mine at Brucejack have been issued, and commercial production is targeted to commence in 2017.
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Expert Comments:

Eric Zaunscherb, Canaccord Genuity (8/17/17)
"We are reiterating our recently increased CA$18.50 target price and Speculative Buy rating on Pretium Resources Inc. following a recent positive site tour, which has reinforced our confidence in the ramp-up process. The company has made encouraging progress in processing plant optimization, mining rates and grade control while eyeing organic growth. . .recent share price weakness delivers a notable investment opportunity ahead of steady-state production."

Heiko Ihle, H.C. Wainwright & Co. (8/17/17)
"While the decline and the mill foundation were still being finished last time we visited Pretium Resources Corp.'s Brucejack property, the project has now become a mine, in our view. The management team has clearly put a great deal of time and money into the site. . .while we expect minor hiccups during the ramp-up of production, we do not anticipate any major issues."

Jeff Killeen, CIBC World Markets (8/16/17)
"Pretium Resources Corp.'s Brucejack asset showed well on the first of three days of site tours this week. . .the successful mill ramp-up has the company already contemplating a throughput increase up to >3 Ktpd within the next 18 months. Management indicated current recoveries are in the 90% range and anticipate the mine will be free cash flow positive by Q4/17."

"If we're talking high-grade gold, we can't leave out Pretium Resources Inc. and its Brucejack project up in the Golden Triangle in British Columbia. . .Pretium recently announced commercial production at Brucejack. The mine is high grade, but also has size. There have been gold mines in the Golden Triangle, which used to be quite an active mining area, with higher grades, but none of them was nearly as large as Brucejack. It will be interesting to see how that one plays out. Of course, there was some controversy over the resource and whether the grades hold up. Now Pretium is feeding ore into the mill. So that'll be a good one to watch for the coming years." read more >

Heiko Ihle, H.C. Wainwright & Co. (8/14/17)
"Pretium Resources Inc.'s throughput at Brucejack continued to improve in July, with the processing plant operating at 99.9% of its monthly capacity; this resulted in 16,822 oz gold produced from low-grade stockpiles, development ore and initial stope ore in July. We note that a total of 25,392 oz gold was produced during the two months of commissioning."

Eric Zaunscherb, Canaccord Genuity (8/11/17)
"We are increasing our target price on Pretium Resources Inc. to CA$18.50 from CA$17.50. . .the ramp-up at Brucejack is progressing faster than we expected. . .we would not be surprised to see the mill outperform nameplate capacity, and the mine appears to be prepared to keep ahead of the hungry mill."

Once again analysts are talking about this British Columbia mining company that just announced its first gold pour.
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Pretium has introduced ore to the commissioning process to prepare for production at its Brucejack mine.
read more >

More Expert Comments

Experts Following This Company

Adrian Day, Founder – Adrian Day Asset Management
Doug Groh, Senior Research Analyst – Tocqueville Asset Management L.P.
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Louis James, Editor – Casey Research
Andrew Kaip, Analyst – BMO Capital Markets
Philip Ker, Mining Analyst – PI Financial
Jeff Killeen, Analyst – CIBC World Markets
Byron King, Editor – Agora Financial
James Kwantes Resource Opportunities
Chen Lin What Is Chen Buying? What Is Chen Selling?
Joe Reagor, Analyst – ROTH Capital Partners
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 Project in British Columbia, Canada
 
Fully Permitted, Financed and Currently Under Construction
 
Commercial Production Target 2017
Pretium Resources Inc. Content