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:

headshot of Bhakti Pavani

Bhakti Pavani, Alliance Global Partners

(5/6/19)
"Pretium Resources Inc. reported Q1/19 revenue/earnings per share of $103M/$0.02 versus our estimate of $101.8M/$0.08. The revenue was slightly above our estimate and was primarily driven by higher gold production (79,180 oz actual versus 78,324 estimated) and sales than we had estimated."

headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

(5/5/19)
"On May 2, 2019, Pretium Resources Inc. reported its financial results for Q1/19; for the most part, results were above our expectations. Thus, we view Q1/19 as positive for the company and believe it will demonstrate steady growth throughout the year; as a result, we are reiterating our Buy rating."

Anita Soni, CIBC World Markets

(5/2/19)
"Pretium Resources Inc. reported Q1/19 headline earnings per share (EPS) of $0.02, adjusted EPS of $0.09 versus consensus of $0.07 and our estimate at $0.01, with the beat driven by higher sales, lower costs and depreciation versus our forecast, plus adjustments. . .the company announced that executive chairman Robert Quartermain will retire on Dec. 31, 2019. A replacement will be named prior to year-end."

headshot of Andrew Kaip

Andrew Kaip, BMO Capital Markets

(5/2/19)
"Pretium Resources Inc. beat our Q1/19 production expectations and solidly beat our and consensus' earnings per share estimates. Shares of the company should do well, and it is off to a good start to meet 2019 guidance."

The changes are based on the company's first six quarters of commercial production there.
read more >
headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

(4/4/19)
"On April 4, 2019, Pretium Resources Inc. provided an update reserve estimate and mine plan for the Brucejack mine. . .we believe the company is set up to meet or exceed expectations moving forward. Thus, we anticipate a significant positive correction in its valuation."

Anita Soni, CIBC World Markets

(4/4/19)
"Pretium Resources Inc. provided an updated mineral reserve and 3.8 Ktpd life-of-mine plan. The company reported reduced mineral reserves estimates (tons, grade and ounces), bringing the reserve estimate more in line with market expectations for the asset of around 12 g/t. . .the stock reacted favorably to the announcement."

A Raymond James report relayed how this royalty and streaming firm intends to use the proceeds.
read more >
A BMO Capital Markets report presented the terms of the transaction and related financing.
read more >
The Canadian company has a roughly 70,000-meter drill program planned for 2019.
read more >

More Expert Comments

Experts Following This Company

The Critical Investor – The Critical Investor
David Haughton – CIBC World Markets
headshot of Andrew Kaip
Andrew Kaip, Analyst – BMO Capital Markets
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
headshot of Lobo Tiggre
Lobo Tiggre, Founder and CEO – Louis James LLC

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

Pretium Resources Inc. is a sponsor of Streetwise Reports. The company's sponsorship fees pay for Streetwise Reports to create and update this "Investor Summary Page," to which links are placed on Streetwise Reports' websites and newsletters. Streetwise Reports does not accept stock for the payment of fees. See disclaimer for more details.

The company description, investing highlights and catalyst calendar on this page were prepared by the company. The Expert Comments and Experts Following This Company sections of this page are compiled by Streetwise Reports. There may be other information about the company that is not placed on this page. Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on this page.

The Expert Opinions above are excerpted from third-party sources not affiliated with or controlled by Streetwise Reports. The statements or opinions expressed in the Expert Opinions above are those of the authors indicated, and Streetwise Reports has not verified the accuracy of material excerpted here. Publications excerpted above may receive payment or sponsorship from the company mentioned.

Streetwise Reports does not provide investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security.Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

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