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:

Gwen Preston, Resource Maven (5/20/16)
"Pretium Resources Inc. has completed the infill drill program at its under-construction Brucejack project in British Columbia; the program tested an area roughly 200 metres vertical by 250 metres strike, at 7.5 to 10-metre centres, in order to develop a very good understanding of the first tonnes to be mined. . .with the program now complete a new resource estimate is underway, expected in the third quarter. In general results were in line with expectations, confirming the style and grade distribution of the resource model."

Heiko Ihle, Rodman & Renshaw (5/16/16)
"Pretium completed a $146.2 million capital raise. . .we expect the firm’s focus to shift towards construction of the project, while continuing its efforts towards infill drilling for areas expected to be mined during earlier parts of the mine life. . .we expect the fully funded Brucejack Project to be moved across the construction finish line and to enter production in 2H17. . .we are reiterating our Buy rating."

Eric Zaunscherb, Canaccord Genuity (5/12/16)
"We are maintaining our CA$12 target price and Speculative Buy rating on Pretium Resources Inc. . .the company's ninth set of drill results is headlined by a 37,000 g/t gold intersection at Pretium's high-grade underground Valley of the Kings development in northwestern British Columbia. . . management recently re-iterated the project remains both on-schedule and on-budget for commissioning in the middle of 2017. . .at year-end, Pretium had cash and cash equivalents of US$388M and working capital of US$360M."

"We like Pretium Resources Inc. because it has very high-quality assets with a large number of gold ounces, high grade, in a good jurisdiction and has a solid management team with a proven track record. If a company has those things, then it's in position to turn it into a world-class producing asset. . .Pretium's recent drill results are a further confirmation of what everyone sees in that deposit. It's essentially a low-grade halo around some record-high gold intercepts over very short lengths, sub-5 meter intercepts, sometimes sub-1m intercepts of apparently significant high-grade gold. Having been underground at that deposit, I saw spots in the wall where a drill hole missed by two or three inches what would have been a significant high-grade intercept. Instead, it shows up as just a low-grade intercept. So the point of Pretium's infill drilling is to delineate as much as it can ahead of time an estimate of what production might look like, so that it can provide reasonable guidance to the market once it's in production sometime next year. One of the concerns that a lot of people still have is it will be very difficult to put a range on what production will be, given the highly variable nature of the deposit. That's why it's still doing additional drilling, even as it brings it into development." read more >

Eric Zaunscherb, Canaccord Genuity (4/28/16)
"Pretium Resources Inc.'s wholly owned Brucejack high-grade underground gold mine in northwestern British Columbia is proceeding on schedule and on budget. . .the June 2014 feasibility study projects 504 Koz/a gold production in years 1 to 8 or 404 Koz/a life of mine (LOM). LOM AISC is estimated at $448/oz. . .the company continues to project achievement of commercial gold production at Brucejack in 2017, having already received a positive Environmental Assessment Decision Statement from the Federal Minister of the Environment in July 2015 and all required provincial permits."

Gwen Preston, Resource Maven (4/27/16)
"Drill results from Pretium Resources Inc.'s underground infill program at Valley of the Kings generally confirm the kind of mineralization we’ve come to expect from Valley of the Kings, which includes some very high grade hits and visible gold. This set of results, for instance, included five intersections grading greater than 1,000 g/t gold. . .there are questions about how continuous the mineralization is along each vein and whether the nuggety-ness of the gold will cause problems around head grades or recoveries—this kind of intense and focused drill program is the best way to allay such concerns."

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
Robert Cohen, VP and Portfolio Manager, GCIC Ltd. – Dynamic Funds
Brent Cook, Analyst, Geologist Exploration Insights
Adrian Day, Founder – Adrian Day Asset Management
Ash Guglani, Analyst – Salman Partners
Ovais Habib, Analyst – Scotia Capital
Wayne Hewgill, Analyst – Mackie Research Capital
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Chen Lin What Is Chen Buying? What Is Chen Selling?
Douglass Loud, Executive Director – Axiom Capital
Kevin MacKenzie, Analyst – PI Financial
Joe Mazumdar Exploration Insights
Greg McCoach, Editor – Mining Speculator
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
Florian Siegfried, Senior Portfolio Manager – AgaNola
Maria Smirnova, Analyst – Sprott Asset Management
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
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 BC
Commercial Production Target 2017
Located in an Area of Permitted Mining