PVG:TSX
PVG:NYSE

Pretium Resources Inc.

Pretium Resources Inc. is creating value through gold at its high-grade, advanced-exploration-stage Brucejack project. Located in northern British Columbia, Brucejack offers the potential for near-term gold production in an area of permitted gold mining. Brucejack hosts a significant, undeveloped, high-grade gold resource. Gold resources in the Valley of the Kings total 4.9 Moz Indicated (8.9 Mmt grading 17.3 g/t gold) and 10.4 Moz Inferred (12.7 Mmt grading 25.5 g/t gold). A feasibility study on the Brucejack high-grade gold opportunity is underway.

Expert Comments:

"Last year, I visited many projects in the Yukon and in British Columbia. One of the very exciting upcoming projects is Pretium Resources Inc.'s Brucejack. It just got provincial approval. It probably will get the final approval very soon. Then we'll see the financing and buildout of the mine. It's a very high-grade, low-cost, exciting story." read more >

Ash Guglani, Salman Partners (3/27/15)
"This morning, Pretium Resources Inc. announced it was issued an Environmental Assessment Certificate by the Minister of the Environment and Minister of Energy and Mines of British Columbia for its Brucejack project. Management now awaits the conclusion of the federal review process by the Canadian Environmental Assessment Agency with an expected referral to the Minister of Environment anticipated later this spring. . .the company anticipates mine construction to begin this summer."

"The near-term production story with the biggest potential is Pretium Resources Inc.'s Brucejack project in British Columbia. If its resource matches its published results, this is one of the best discoveries we've seen in the last decade. Its initial bulk sampling delivered 10% more ounces than expected. It is now drilling to confirm that the ore body is pretty well mathematically modeled. We anticipate substantial value correction based on our models. Pretium probably leads the pack in that category right now." read more >

"Pretium Resources Inc. is a particularly important example because sometimes it is about keeping the faith. About a year ago, one of its consultants quit, saying some very negative things about the company on the way out. The other consultants who were working on the project disagreed. But we knew management. We trusted CEO Bob Quartermain. So when the rumors were flying and the stock was suffering, we were able to buy shares at $3. Subsequently, Pretium was vindicated. The bulk sample not only didn't disappoint the way the guy who quit said it would, but it overdelivered by almost 50% of the amount of gold that it had. It was too conservative. Pretium, quite simply, has one of the richest gold discoveries in decades, possibly history. . .Pretium Resources has 13 Moz gold averaging about 0.5 oz/ton. This is extremely high grade and extremely large by modern standards. . .Pretium's Brucejack project is in Canada, one of the best mining jurisdictions in the world. Now, what's really best about this story is that it's on sale. And the company keeps discovering more gold at bonanza grades. It was down in the deep-bargain rack with all the other dreck that had no gold at all besides in the name of the company. So you could back up the truck and within months double your money. And it still has the potential to go vertical." read more >

Joe Reagor, ROTH Capital Partners (3/17/15)
"Following on the key aspects of our M&A panel, we believe Integra Gold Corp. and Pretium Resources Inc. demonstrated to investors that they have significantly derisked their assets and that they are nearing financing and construction decisions. We believe this creates opportunity for near-term value creation and that it brings these assets to a point where mid-to-large cap companies could look to acquire them. "

Dan Rollins, RBC Capital Markets (3/16/15)
"Pretium Resources Inc. is in a key derisking phase that could pave the way for development of Brucejack to commence later this year. . .final environmental approval is expected to occur in H1/15. Environmental approval would clear a major hurdle for the development of Brucejack as it would pave the way for construction activities to begin this summer."

More Comments

Experts Commenting on This Company


The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Investing Highlights
 
High-Grade Underground Gold Project in BC
 
Commercial Production Target 2017
 
Located in an Area of Permitted Mining
Pretium Resources Inc. Content