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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".

Expert Comments:

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Joe Reagor, ROTH Capital Partners

"In recent months, Pretium Resources Inc.'s share price performance has significantly lagged that of its peers. . .we believe the market has misread the situation and created artificially low expectations entering the company's Q2/20 results. We view this as a significant opportunity for a market correction to the upside following results."

Joe Reagor, ROTH Capital Partners

"Pretium Resources Inc.'s discounted cash flow valuation improved significantly as a result of our higher gold and silver price forecasts. . .we are reiterating our Buy rating as we believe the company has reset expectations and can now look to regain investor confidence."

Pretium Resources' flagship mine continues to generate free cash flow.
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Joe Reagor, ROTH Capital Partners

"Pretium Resources Inc. produced 82,888 oz gold in Q1/20. . .the company's new CEO Jacques Perron suggested that quarter to quarter grade may continue to vary throughout 2020, but that Pretium anticipates quarterly grade within annual guidance. . .on the COVID-19 front, the company has seen no impact to production so far."

Andrew Mikitchook, BMO Capital Markets

"Our takeaway from Pretium Resources Inc.'s Q1 results is that Brucejack remains on track to meet guidance (325,000-365,000oz) even under COVID-19 precautions that will have a more substantial impact in Q2. . .Q1 cash costs of US$787/oz and AISC of US$966/oz are in line with our estimates of US$790/oz and US$1,015/oz, respectively. . .We are increasing our target price to $13.00 from $12.00 to reflect Brucejack's progress towards achieving 2020 guidance as well as new management."

Pretium Resources reported that it filed an updated technical report for its Brucejack Mine and stated that it will announce Q1/20 earnings on April 30, 2020.
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Joe Reagor, ROTH Capital Partners

"Pretium Resources Inc. released its updated technical report for the Brucejack mine. After reviewing the report, we note a number of areas where the report is more robust economically than our current estimates. . .we are increasing our price target."

Andrew Mikitchook, BMO Capital Markets

"Pretium Resources Inc. filed the 43-101 technical report for the 2020 life of mine plan for its Brucejack project. . .the updated technical report is in line with previous disclosures."

Pretium Resources' flagship gold operation in B.C. should generate strong cash flow well into the future, the company stated.
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Pretium Resources also provides guidance for 2020 costs, cash flow and debt reduction.
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A conference call is to follow shortly afterward.
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More Expert Comments

Experts Following This Company

Adam Graf – B. Riley FBR Inc.
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Andrew Kaip, Analyst – BMO Capital Markets
headshot of Chen Lin
Chen Lin What Is Chen Buying? What Is Chen Selling?
Andrew Mikitchook, Analyst – M Partners
headshot of Bhakti Pavani
Bhakti Pavani – Alliance Global Partners
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
Anita Soni, Analyst – CIBC World Markets

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

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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