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.
PVG:TSX PVG:NYSE

Expert Comments:

Joe Reagor, ROTH Capital Partners (11/13/17)
"Pretium Resources Inc.'s Q3/17 results were impacted by an inventory build and one-time items, however, we were encouraged by reported cash costs. Additionally, we continue to believe the company remains undervalued and that its market value will improve as production and revenue increase over the coming quarters; thus, we are maintaining our Buy rating and $17 price target."

Andrew Kaip, BMO Capital Markets (11/12/17)
"Pretium Resources Inc. reported adjusted earnings per share of $0.06, broadly in line with consensus and based on 55.4 Koz gold sold versus 82.2 Koz produced in Q3/17. As broadcast, the company reversed its negative working capital position recorded at Q2/17E; working capital at Q3/17E was $7.2M."

Canaccord Genuity Morning Coffee (10/12/17)
"Shares of Pretium Resources Inc. absolutely soared on Wednesday after the company announced first pour at the high-grade underground Brucejack mine in northern British Columbia. During Q3/17, the Brucejack mine produced 82,203 oz gold."

Joe Reagor, ROTH Capital Partners (10/11/17)
"On Oct. 11, 2017, PVG announced its first full quarter production results from its Brucejack mine; results were well above expectations, and we believe this underscores our prior belief that Brucejack is a world-class, high-grade mine and that the company is significantly undervalued. Thus, we are increasing our price target from $16 to $17 and reiterating our Buy rating."

Andrew Kaip, BMO Capital Markets (10/11/17)
"Pretium Resources Inc. reported Q3/17 Brucejack gold production of 82.2 Koz gold, solidly beating our estimate of 71.4 Koz gold on higher grade and tons processed. We would be buyers on this news."

Eric Zaunscherb, Canaccord Genuity (10/11/17)
"Pretium Resources Inc. released Q3/17 production results this morning, which highlight the company's quicker-than-expected ramp-up; 107,595 oz of gold have been produced to date, including 82,203 this past quarter. . .mill performance is outpacing nameplate capacity while recoveries are higher than expected."

Increased production and increased sales are leading to a cash-positive quarter at this gold miner's flagship project in northern British Columbia.
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Once again analysts are talking about this British Columbia mining company that just announced its first gold pour.
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More Expert Comments

Experts Following This Company

Adrian Day, Founder – Adrian Day Asset Management
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
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