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:

Kevin MacKenzie, Salman Partners (11/18/15)
"We are transitioning coverage of Pretium Resources Inc. with a Buy rating. . .we consider the company to be one of the premier gold developers within the industry, given its robust project economics, long reserve mine life and safe operating jurisdiction. As a result of the significant discount to Pretium's fundamental valuation, we feel that today's share price presents an attractive entry point for long-term investors."

Heiko Ihle, Rodman & Renshaw (11/9/15)
"Q3/15 consisted of two significant events for Pretium Resources Inc.: the receipt of all major permits as well as the completion of a financing package for construction of the high-grade Brucejack project. Due to the recent financing, the firm now has $453.2M of cash, compared with $34.5M at the end of last year."

Joe Mazumdar, Canaccord Genuity (11/6/15)
"Pretium Resources Inc. reported its Q3/15 financials, which were predominantly in line with our expectations. The company ended Q3/15 with a cash and working capital position of CA$453M (versus our CA$449M estimate) and CA$431M (versus our CA$437M estimate), respectively. . .we continue to model the company as a potential takeover candidate (after 2018) after a full year of steady-state production with a significant production profile (300 Koz/year over the first 8 years of steady-state production). . .in a stable jurisdiction (northwest British Columbia)."

Joe Mazumdar, Canaccord Genuity (11/4/15)
"We have made minor modifications to our estimates and forecasts regarding the timing of the receipt of funds from Pretium Resources Inc.'s closed $540M financing and 2015–2016 capital expenditure profile. . .we also adjusted our working capital and diluted share count for the earlier than modeled exercise of employee stock options. The adjustments had no impact on our valuation; hence, we retain our Speculative Buy recommendation on the company's stock."

"One of my favorite stocks, Pretium Resources Inc., is developing its mine in northern British Columbia. It is very high grade, low cost. So that will be a nice takeover target for other companies, either in the development stage or after it gets into production. The mine looks so good I think any gold major with the ability would like to buy it." read more >

Joe Mazumdar, Canaccord Genuity (10/22/15)
"The higher Canadian dollar gold price combined with moving our valuation ahead to the end of 2016 generated a positive impact on the valuation of Pretium Resources Inc.'s permitted, high-grade, underground Brucejack gold project, which is currently under construction in northwest British Columbia. This netted out to an increase of CA$0.35/share in the company's stock, or 3–4% overall, to a target price of CA$9.50/share. . .leading us to upgrade our recommendation to Speculative Buy from Hold, as our target price implies a 15% return to current levels."

More Expert Comments

Experts Following This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Matt Badiali, Editor – Stansberry Research
Jayant Bhandari
Cheryl Brandon, Portfolio Manager – Waterton Global
Doug Casey, CEO / Chair – Casey Research
Jeff Clark, Senior Editor – Casey Research
Robert Cohen, VP and Portfolio Manager, GCIC Ltd. – Dynamic Funds
Brent Cook, Analyst, Geologist Exploration Insights
Adrian Day, Founder – Adrian Day Asset Management
Michael Fowler, Senior Mining Analyst – Loewen, Ondaatje & McCutcheon
Ash Guglani, Analyst – Salman Partners
Ovais Habib, Analyst – Scotia Capital
Wayne Hewgill, Analyst – Mackie Research Capital
Frank Holmes, Chairman – U.S. Global Investors
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Louis James, Analyst – Casey Research
Jeff Killeen, Analyst – CIBC World Markets
James Kwantes Resource Opportunities
Pierre Lassonde, President – Franco-Nevada Corp.
Chen Lin What Is Chen Buying? What Is Chen Selling?
Douglass Loud, Executive Director – Greystone Asset Management, LLC., Axiom Capital
Kevin MacKenzie, Analyst – Salman Partners
Joe Mazumdar, Sr. Analyst – Canaccord Genuity
Brad Mills, Fund Manager/CEO – Plinian Capital
Bob Moriarty, Author 321 Gold
Jeffrey Mosseri, President, Director – Greystone Asset Management, LLC., Axiom Capital
Gwen Preston, Founder Resource Maven
Joe Reagor, Analyst – ROTH Capital Partners
Carsten Ringler, Founder – Ringler Research
Dan Rollins, Analyst – RBC Capital Markets
Lawrence Roulston – Metallica Development Fund Ltd., Quintana Resources Capital ULC
Rick Rule, Chairman – Sprott Global Resource Investments Ltd.
Florian Siegfried, Senior Portfolio Manager – AgaNola
Maria Smirnova, Analyst – Sprott Asset Management
David H. Smith, Analyst – Silver-Investor.com
Jay Taylor, Author Gold, Energy & Tech Stocks
David Thomas, Managing Parter – Resource Capital Funds
Dan Wilton – Pacific Road Capital Management
Paul Wong, Senior Portfolio Manager – Sprott Asset Management
Jeff Wright – Wolfpack Capital

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