PVG:TSX; PVG:NYSE

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".
PVG:TSX PVG:NYSE

Expert Comments:

Andrew Kaip, BMO Capital Markets (10/9/18)
"Pretium Resources Inc.'s Q3/18 cash flow was well above our expectations; the company indicated it added $48M to cash on hand during Q3/18, finishing with over $190M as of Sept. 30. Following the announcement last week of a new debt facility, the strong cash position at quarter-end and our production expectations for Q4/18, we see Pretium as well-positioned to refinance its credit facility and to repurchase its precious metals stream."

Joe Reagor, ROTH Capital Partners (10/9/18)
"Pretium Resources Inc.'s Q3/18 production of 92,641 oz gold was slightly above our 91,012 oz estimate. The slightly higher than estimated production is attributed to slightly higher than anticipated average grade of 12.4 g/t gold compared to our estimate of 12 g/t. . .all in, we view Q3/18 as a good quarter for the company."

David Haughton, CIBC World Markets (10/9/18)
"Pretium Resources Inc. reported Q3/18 production results of 92.6 Koz. . .the company reiterated the H2/18 production goal of 200–220 Koz. . .cash on hand increased by $48M to ~$190M in Q3/18."

Andrew Kaip, BMO Capital Markets (10/4/18)
"Pretium Resources Inc. announced that it has signed a commitment letter for a $480M debt facility, paving the way for the company to refinance is existing credit facility and providing the company additional support to repurchase its precious metals stream."

Joe Reagor, ROTH Capital Partners (10/4/18)
"On Oct. 4, 2018, Pretium Resources Inc. announced a commitment letter for the refinancing of its construction loan. We view this as a significant positive for the company. . .the new facility adds the necessary balance sheet flexibility to cover any shortfall for repurchasing the gold stream. Thus, we are increasing our price target from $19 to $20 and reiterating our Buy rating."

Joe Reagor, ROTH Capital Partners (9/30/18)
"On Sept. 24, 2018, Pretium Resources Inc. announced it had given notice to the holders of its gold stream that the company intends to repurchase 100% of the stream by 2018E. We view this as a positive signal. . .we believe the stream will be repurchased as part of a larger debt refinancing package by year-end."

A BMO Capital Markets report relayed this company's recent news and updates.
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The company also reported that it has achieved steady-state production at its mine.
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Lobo Tiggre
Lobo Tiggre of Independent Speculator discusses an attack piece by short sellers against Pretium Resources.
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A report provides ROTH Capital Partners' new estimates for gold, silver and other metals throughout 2018 and net effect on the financial projections of this miner.
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A ROTH Capital Partners report interpreted this company's quarterly results.
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Drilling was completed on two holes at a site in British Columbia's Golden Triangle.
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Lawrence Roulston
Once seen as remote, British Columbia's Golden Triangle has opened up dramatically, with two mines now in production, three new hydro-power facilities, a link to the provincial power grid, and roads throughout the region. Lawrence Roulston, managing director of WestBay Capital Advisors, discusses the changing mining landscape there and profiles a number of companies exploring that highly prospective region.
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More Expert Comments

Experts Following This Company

David Haughton – CIBC World Markets
Andrew Kaip, Analyst – BMO Capital Markets
Rick Mills Ahead of the Herd
Bob Moriarty, Author 321 Gold
Joe Reagor, Analyst – ROTH Capital Partners
Lawrence Roulston – WestBay Capital Advisors
Lobo Tiggre, Founder and CEO – Casey Research
Eric Zaunscherb, Analyst – Canaccord Genuity

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

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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