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:

Jeff Killeen, CIBC World Markets (2/14/17)
"We are resuming coverage of Pretium Resources Inc. with the completion of the US$100M aggregate principal convertible senior subordinated notes, which included the overallotment option of US$10M. . .commercial production [at Brucejack] in early Q3/17 seems likely with development on track and process plant construction ~2 months ahead of schedule."

Andrew Kaip, BMO Capital Markets (2/14/17)
"Pretium Resources Inc. closed its convertible notes offering for gross proceeds of US$100M. The company intends to use the proceeds for working capital during start-up of the Brucejack mine and for general corporate purposes. . .as PVG anticipates dry commissioning of the mill in March and wet commissioning in April, we now forecast the company to have adequate capital resources, including the remaining portion of its undrawn credit facility, to fund the remainder of capital construction as well as the required working capital during start-up."

Heiko Ihle, Rodman & Renshaw (2/6/17)
"Pretium Resources Inc. announced that commissioning of its high-grade Brucejack gold project is expected to occur ahead of schedule. . ..we highlight that the updated timeline is ahead of our estimate for mid-year commissioning; therefore, we are increasing our gold production estimate for the year to just shy of 120 Koz from just over 93 Koz ounces."

Joe Reagor, ROTH Capital Partners (2/5/17)
"Pretium Resources Inc. provided an update on its Brucejack project; the project is ahead of schedule with dry commissioning expected in March and wet commissioning expected in April. Previously, the company had estimated a mid-2017 commissioning of the mill, making this a two- to four-month improvement, in our view."

Jeff Killeen, CIBC World Markets (2/3/17)
"Construction and commissioning of Pretium Resources Inc.'s Brucejack is two to three months ahead of schedule. . .some of the extra spending has resulted in being ahead of schedule on a number of items, and the company plans to now be commissioning the process plant in early April versus late Q2 previously. It was noted that underground development remains on track and that ~100 Kt ore has been stockpiled ahead of commissioning."

Eric Zaunscherb, Canaccord Genuity (2/3/17)
"Pretium Resource Inc. released a project update on the high grade underground Brucejack gold project. . .with news of cost overruns out of the way, a major component of execution risk is now out of the way and priced in, potentially creating an attractive entry point. . .management notes that its financial resources are sufficient to complete construction and commissioning."

Upward revision of gold reserves estimates at Pretium Resources' Valley of the Kings deposit, along with announcement of a management change, caught the attention of a handful of analysts, who offered their takes on future development of the Brucejack mine.
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More Expert Comments

Experts Following This Company

Doug Groh, Senior Research Analyst – Tocqueville Asset Management L.P.
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Andrew Kaip, Analyst – BMO Capital Markets
Jeff Killeen, Analyst – CIBC World Markets
Byron King, Editor – Agora Financial
Chen Lin What Is Chen Buying? What Is Chen Selling?
Gwen Preston, Founder Resource Maven
Joe Reagor, Analyst – ROTH Capital Partners
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