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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:

headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

"Pretium Resources Inc. is scheduled to release its Q3/20 operating and financial results on Oct. 29, 2020 and hold its earnings call the following day. . .we estimate production of 79,931 oz gold based on an operating rate of 3.5 Ktpd and an average grade of 8 g/t. . .this is in line with management's guidance."

Pretium Resources reported Q2/20 financial results that included a 47% increase in YoY revenue driven by higher gold prices and strong production at its Brucejack Mine in British Columbia.
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Chen Lin, What Is Chen Buying? What Is Chen Selling?

"Pretium Resources Inc. released strong results. . .the company is a cash generating machine at the current gold price. I still believe it could be a great acquisition for Newmont."

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Joe Reagor, ROTH Capital Partners

"As we highlighted in our previous note, we believed Pretium Resources Inc. had room to exceed market expectations with its Q2/20 results, and it did. . .with a strong Q2/20 in the rear view and new management confirming production guidance, we believe the company will outperform its peers as it closes a significant value gap."

Kevin MacKenzie, Canaccord Genuity

"Pretium Resources Inc. reported Q2/20 adjusted earnings per share of $0.26/share, which was materially above our estimate of $0.15/share and consensus at $0.14/share. . .Q2/20 delivered an impressive beat, driven by a materially higher-than-expected average head grade."

Andrew Mikitchook, BMO Capital Markets

"Pretium Resources Inc.'s Brucejack is on track for 2020 guidance and is building a track record under new management. . .the company's free cash flow increased to $82.7M in Q2/20, a substantial increase compared to $41.8M in Q1/20; it exited Q2/20 with a cash position of $124.7M in the treasury."

Andrew Mikitchook, BMO Capital Markets

"We are increasing our target price to $18.50 from $15 as Pretium Resources Inc. continues to build an operating track record under new management with Q2/20 production exceeding expectations and Brucejack poised to deliver strong free cash flows in H2/20 and beyond. . .the company is on track to achieve 2020 production guidance, and operations have been uninterrupted through the COVID-19 pandemic."

Pretium Resources' flagship mine continues to generate free cash flow.
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More Expert Comments

Experts Following This Company

Adam Graf – B. Riley Securities
headshot of Chen Lin
Chen Lin What Is Chen Buying? What Is Chen Selling?
Kevin MacKenzie, Analyst – PI Financial
Andrew Mikitchook, Analyst – M Partners
headshot of Bhakti Pavani
Bhakti Pavani – Alliance Global Partners
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners

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