PVG:TSX; PVG:NYSE

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.
PVG:TSX PVG:NYSE

Expert Comments:

Heiko Ihle, Rodman & Renshaw (11/7/16)
"Pretium Resources Inc.'s drill program achieved its goal of increasing Measured and Indicated resources, which now stand at 16.4 million tonnes grading 17.2 g/t gold for a total of 9.1 million ounces of gold. . .management continues to conduct regional grassroots exploration efforts, which we think could bear fruit in the future. . .Brucejack's increased resource base now firmly positions the project as one of the world's premier large-scale, high-grade, undeveloped gold projects that still maintains significant expansion potential. . .We are reiterating our Buy rating and $16.50/share price target."

Eric Zaunscherb, Canaccord Genuity (11/4/16)
"We expect Pretium Resources Inc. to continue to re-rate as 500,000oz/a gold production is delivered by late 2017, ultimately attracting a premium valuation given Brucejack’s projected scale, profitability and strong exploration upside, as well as low sovereign risk. . .working capital at 30 September was $153M, sufficient for all development work plus the first three months of working capital. . .Pretivm is trading at 0.64x normalized P/NAV(5%) as compared to the 0.79x mean for covered small-to mid-cap gold producers. . .we are maintaining our C$17.00 target price and SPECULATIVE BUY rating on Pretium Resources(Pretivm)."

"Pretium Resources Inc. is a very interesting developer. Over the last few years as the gold market turned down, it was up against the wind developing its deposit in the Valley of the Kings in northern British Columbia. There's been a lot of criticism of the project, but I'm very hopeful and excited to watch as it goes into commercial production in the next year. It has identified amazing grades. I feel very comfortable that it is going to achieve its objectives. We might see sporadic production over the years because of the nature of that deposit and the nature of the high grade there, but I'm quite optimistic that it'll work out well. I think the naysayers will be humbled in due course but there probably will be ups and downs along the way, which will make it exciting for investors if they like to trade. . .as much as the mine management team is well prepared for operating in difficult weather conditions and mining a high-grade deposit with relatively narrow veins, there will likely be periods when operations don't go as planned. And yet, it is an amazing ore deposit, which in time should yield tremendous value." read more >

Eric Zaunscherb, Canaccord Genuity (8/31/16)
"We recently completed a site visit to Pretium Resources Inc.'s Valley of the Kings high grade underground gold deposit. . .mineralization is hosted in a relatively complex epithermal system ~188-183Ma overprinted or remobilized on a 110Ma deformation event. Key individual veins are fairly continuous and traceable between levels. . .geologists have been experimenting with various proxy indicators but a powerful indicator has emerged recently. A package defined by anomalous Fe/S/As demonstrates excellent predictability for higher grade, leading to the potential for geologists to map and guide mine development with handheld spectrometers to minimize dilution and maximize head grade."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (8/29/16)
"I visited Brucejack of Pretium Resources Inc. last week. . .in general the construction is going very well. Though the management maintains the message of commercial production around mid of 2017, they are set to have everything ready by the end of the year; I won't be surprised if they start turning the mill and producing some gold either the end of this year or early next year, ahead of schedule. . .when I asked management for comments on my observation, the official answer I got was 'due to favorable weather condition and dedicated workforce, we are slightly ahead of schedule.'"

Joe Reagor, ROTH Capital Partners (8/26/16)
"ROTH attended a site visit to Pretium Resources Inc.'s Brucejack project in northern British Columbia, CA. We came away impressed with the progress since our last site visit in August 2014 and believe the company is comfortably on schedule for commissioning in mid-2017. . .management was clearly confident in being able to meet its public time frame. . .but they did not suggest they were ahead of schedule. . .we continue to believe that PVG is on schedule and on budget to enter production in 2017, with mine commissioning in mid-2017."

More Expert Comments

Experts Following This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Doug Groh, Senior Research Analyst – Tocqueville Asset Management L.P.
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Jeff Killeen, Analyst – CIBC World Markets
Chen Lin What Is Chen Buying? What Is Chen Selling?
Greg McCoach, Editor – Mining Speculator
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