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:

Joe Reagor, ROTH Capital Partners (7/6/17)
"On July 3, 2017, Pretium Resources Inc. announced that the Brucejack mine had achieved commercial production during the month of June 2017. . .we believe the company is poised for a number of significant catalysts over the remainder of 2017 including: production results in Q3, achieving nameplate capacity, potential to exceed nameplate capacity and an anticipated rerating as a producer. Thus, we are reiterating our Buy rating."

Heiko Ihle, Rodman & Renshaw (7/6/17)
"On July 3, 2017, Pretium Resources Inc. announced the beginning of commercial production at its Brucejack mine. . .we remain impressed with management's ability to accelerate and complete commissioning of the site on time, as well as their efforts to begin commercial production in a smooth fashion."

Andrew Kaip, BMO Capital Markets (7/4/17)
"Pretium Resources Inc. announced that it declared commercial production at its Brucejack mine, a full quarter ahead of our estimate. The focus for the company now turns toward troubleshooting in the plant, ramping up to full design rates and moving toward reserve grade."

Jeff Killeen, CIBC World Markets (7/4/17)
"Pretium Resources Inc. declared commercial production at the Brucejack mine on July 3, which is slightly earlier than our expectation of mid-Q3/17. The company noted the plant operated at an average of ~87% of nameplate capacity of ~2,700 tpd in June. . .Pretium signaled that 'higher grade ore' is now being fed through the plant."

Eric Zaunscherb, Canaccord Genuity (7/4/17)
"Yesterday, Pretium Resources Inc., the British Columbia-based company, announced that commercial production had been achieved at its high-grade Brucejack project. . .the company waited only three days into H2/17 to deliver the exciting news, saying in a release yesterday that over 70 Kt ore had been processed at Brucejack during the month of June."

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."

Pretium has introduced ore to the commissioning process to prepare for production at its Brucejack mine.
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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
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