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".

Expert Comments:

BMO Capital Markets

"Pretium Resources Inc. has had a strong start to the year, having paid down $65M of debt during H1/19. With a move to higher metal prices, we expect strong free cash flow will persist and that the company is likely to continue to prioritize debt repayment."

Key points from the miner's company update at the Denver Gold Forum are summarized in a CIBC report.
read more >
The new arrangement will go into effect at the end of this month.
read more >

Anita Soni, CIBC World Markets

"Pretium Resources Inc. President and CEO Joseph Ovsenek presented at the 2019 Denver Gold Forum, highlighting the company's progress on ramp-up and longitudinal longhole stoping development. Pretium is on track to achieve 3.8 Ktpd by late Q4/19, its exploration upside and target to deliver a new life of mine plan in early 2020; we have raised our price target to CA$18 from CA$15.50."

headshot of Andrew Kaip

Andrew Kaip, BMO Capital Markets

"This morning, Pretium Resources Inc. announced that it had reached an agreement to repurchase 100% of its gold offtake agreement on Sept. 30, 2019. The offtake agreement was part of the company's 2015 construction financing packaging. . .Pretium will eliminate 100% of the offtake obligation with Triple Flag and Osisko Gold Royalties for an aggregate of about $80M."

Key points management made on a recent investor tour are presented in a BMO Capital Markets report.
read more >

Andrew Kaip, BMO Capital Markets

"At the beginning of the year, questions centered around Pretium Resources Inc.'s grade reconciliation and quarterly production results; while these questions are pertinent, post delivering an in line H1/19, we sense investors are beginning to become more comfortable with the company's execution and are now more focused on future priorities such as upcoming catalysts."

headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

"As a result of our higher gold and silver price forecasts for 2019 and 2020, we are increasing our price target from $15 to $16 for Pretium Resources Inc. However, we believe the company's performance over the next year will be more tied to guidance than metals price appreciation; additionally, we continue to believe Pretium will achieve production guidance for 2019."

headshot of Bhakti Pavani

Bhakti Pavani, Alliance Global Partners

"Pretium Resources Inc. noted that underground development has been increased to 1,000m/mo in order to support the increased throughput capacity of 3.8 Ktpd. . .the company already processed over 3.5 Ktpd of throughput in Q2/19. Given the pace of underground development, we believe Pretium might achieve the 3.8 Ktpd of throughput capacity by Q3/19E or early Q4/19."

Meanwhile, elsewhere on the property, the Canadian company continues exploration.
read more >
Recent drill results and their implications were addressed in a BMO Capital Markets report.
read more >

More Expert Comments

Experts Following This Company

headshot of Andrew Kaip
Andrew Kaip, Analyst – BMO Capital Markets
headshot of Chen Lin
Chen Lin What Is Chen Buying? What Is Chen Selling?
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

The information provided above is from analysts, newsletters, the company and other contributors.

Pretium Resources Inc. is a sponsor of Streetwise Reports. The company's sponsorship fees pay for Streetwise Reports to create and update this "Investor Summary Page," to which links are placed on Streetwise Reports' websites and newsletters. Streetwise Reports does not accept stock for the payment of fees. See disclaimer for more details.

The company description, investing highlights and catalyst calendar on this page were prepared by the company. The Expert Comments and Experts Following This Company sections of this page are compiled by Streetwise Reports. There may be other information about the company that is not placed on this page. Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on this page.

The Expert Opinions above are excerpted from third-party sources not affiliated with or controlled by Streetwise Reports. The statements or opinions expressed in the Expert Opinions above are those of the authors indicated, and Streetwise Reports has not verified the accuracy of material excerpted here. Publications excerpted above may receive payment or sponsorship from the company mentioned.

Streetwise Reports does not provide investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security.Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

Readers should conduct their own research for all information publicly available concerning the company.

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