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:

Joe Reagor, ROTH Capital Partners (7/21/16)
"Pretium Resources Inc. announced an updated resource estimate for the Valley of the Kings deposit. The updated resource was slightly larger than the previous resource estimate and confirmed the high-grade nature of the deposit, in our view. . .the M&I resource increased from 8.7 Moz to 9.1 Moz due to an increase of 1.1 million tonnes of ore. . .we continue to believe that the key purpose for PVG's aggressive underground drilling program is to improve the company's ability to provide guidance once in production."

Eric Zaunscherb, Canaccord Genuity (7/21/16)
"We are increasing our target price on Pretium Resources Inc. (Pretivm) to C$17.00 from C$15.50. . .the increased target price reflects a stronger price deck and confidence from the updated mineral resource estimate released this morning for the Valley of the Kings high grade underground gold deposit on the wholly owned Brucejack project in northwestern British Columbia. . .Pretivm trades at a significant discount to the 0.82x mean for covered small- and mid-cap producers."

Eric Zaunscherb, Canaccord Genuity (6/29/16)
"We maintain a Speculative Buy rating on Pretium Resources Inc. but are increasing our target price to CA$15.50 from CA$12.00, predicated upon a stronger gold pricing and reduced discount rate (6.5% from 8.0%), reflecting ongoing project execution."

Gwen Preston, Resource Maven (6/12/16)
"Pretium Resources Inc. is still a year away from first production at Brucejack. . .underground infill drilling continues as Pretium probes the initial stope areas closely to develop accurate resource models. That means the market is getting continual reminders of just how high-grade the ore is at Brucejack (latest results included 150 g/t gold over 31 metres); that can't but help. . .takeover speculation will also continue."

Heiko Ihle, Rodman & Renshaw (6/1/16)
"Pretium Resources Inc. announced the completion of its infill drilling program at its wholly-owed Brucejack Project. . The program totalled 63,444 meters over a total of 364 holes including 49 intersections grading over 1,000 g/t gold. . High-grade mineralization confirmed by strong results. . . We note that the infill program continued to intersect high-grade mineralization at the Valley of the Kings. . .We highlight hole VU-746, which returned 149.95 g/t gold over 31.0 meters, including 9,200 g/t gold over 0.50 meters. . .We are reiterating a Buy rating and $14.10 per share price target on Pretium Resources. "

Eric Zaunscherb, Canaccord Genuity (5/31/16)
"Pretium Resources Inc. reported the tenth and last batch of drill results from its high grade underground Valley of the Kings development (VoK) in northwestern British Columbia. . .The release is highlighted by six 0.5m-intersections that returned gold grades north of 1,000 g/t Au; the entire program returned 49 similar intervals. . .at the end of Q1 2016, Pretium had cash and cash equivalents of $480 million. . .with cash on hand, the completion of a US$130 million equity offering (March 2016), and subsequent US$16 million participation of certain holders, the US$697 million estimated development cost of the Brucejack project is fully funded."

More Expert Comments

Experts Following This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
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
Jay Taylor, Author Gold, Energy & Tech Stocks
David Thomas, Managing Parter – Resource Capital Funds
Dan Wilton – Pacific Road Capital 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 British Columbia, Canada
Fully Permitted, Financed and Currently Under Construction
Commercial Production Target 2017
Pretium Resources Inc. Content