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.

Expert Comments:

Once again analysts are talking about this British Columbia mining company that just announced its first gold pour.
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Eric Zaunscherb, Canaccord Genuity (6/21/17)
"Yesterday Pretium Resources Inc. announced it had poured its first gold from the Brucejack project; this is a major milestone for the company as it has been working diligently to bring the project into commercial production, a declaration expected in the back half of this year. Pretium also announced that the flotation and gravity circuits at its newly constructed mill are in operation, with gold-silver flotation concentrate production underway and shipment forthcoming."

Andrew Kaip, BMO Capital Markets (6/21/17)
"Pretium Resources Inc. announced that it poured first gold at its Brucejack mine. The focus for the company now turns towards the ramp-up to commercial production, and while we model a declaration for the end of Q3/17, Pretium could declare commercial production earlier than expected."

"An example of a company just about to complete its run up the Golden Runway is Pretium Resources Inc., Bob Quartermain's monster-sized, super-high-grade gold play in British Columbia. What's interesting is that it's on the verge of pouring its first bar of gold, but the stock has not yet risen as much as we'd expect. That's despite the company completing construction ahead of schedule. The reason is that because the deposit is so exceptional, Pretium has done some things differently. This has some critics saying the mine will not produce as much gold as projected. But Pretium's bulk sample produced something like 60% more gold than was expected based on the model. That tells me that the company was not being risky or cavalier; in fact, it was being conservative. We're about to find out if I'm right. So, instead of production being the end of the story for this company, I see it as a beginning." read more >

Pretium has introduced ore to the commissioning process to prepare for production at its Brucejack mine.
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Eric Zaunscherb, Canaccord Genuity (5/1/17)
"Pretium Resources Inc. will have much of the execution risk associated with mine building behind it over the next few months, likely making the current share price lull an attractive opportunity. . .in our view, the company should have ample financial resources to later in 2017."

Joe Reagor, ROTH Capital Partners (5/1/17)
"Pretium Resources Inc. specifically stated that wet commissioning at Brucejack was nearing completion and that it had begun introducing ore into the process. Additionally, the company stated that underground infrastructure construction was close to fully complete and commissioned. . .we believe Brucejack will begin initial gold production in the coming weeks and that it will steadily increase production over the remainder of 2017."

Andrew Kaip, BMO Capital Markets (5/1/17)
"Pretium Resources Inc. highlighted that it remains on track for the production of gold concentrate and doré in the coming weeks. . .the test stope is ready for production and four other production stopes are being drilled. Handover from the construction team to the operations crew has been completed."

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
Jeff Killeen, Analyst – CIBC World Markets
Byron King, Editor – Agora Financial
Chen Lin What Is Chen Buying? What Is Chen Selling?
Joe Reagor, Analyst – ROTH Capital Partners
Eric Zaunscherb, Analyst – Canaccord Genuity

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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