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Pretium Resources Inc.

TICKER: PVG:TSX; PVG:NYSE

Pretium Resources Inc. is creating value through gold at its high-grade, advanced-exploration-stage Brucejack project. Located in northern British Columbia, Brucejack offers the potential for near-term gold production in an area of permitted gold mining. Brucejack hosts a significant, undeveloped, high-grade gold resource. Gold resources in the Valley of the Kings total 4.9 Moz Indicated (8.9 Mmt grading 17.3 g/t gold) and 10.4 Moz Inferred (12.7 Mmt grading 25.5 g/t gold). A feasibility study on the Brucejack high-grade gold opportunity is underway.


The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

Dan Rollins, RBC Capital Markets (12/12/14) "Assuming environmental approval is received and the remainder of the funding package is put in place over the next few months, construction of Pretium Resources Inc.'s Brucejack project could begin mid-2015. . .the company appears quite confident it can put in place a $750M funding package over the next few months. . .approval of the provincial environmental assessment is expected to be received in March 2015. Approval of the federal environmental assessment is expected to follow shortly thereafter. . .with a 2-year development timeline, initial production from Brucejack is likely to occur in mid-2017."

Ash Guglani, Salman Partners (12/12/14) "The gross proceeds to Pretium Resources Inc. have increased to ~CA$99M, which are intended to fund the capital expenditures of the Brucejack project. . .this is positive for the company as it once again demonstrates that the company is able to attract long-term investors to raise equity and strengthen its balance sheet (with ~CA$64M cash at the end of Sept. 30, 2014) in the current weak environment."

Jeff Killeen, CIBC World Markets (12/9/14) "Pretivm Resources Inc. has announced that Zijin Mining Group Co. has agreed to make a CA$81M strategic investment in the company, for 12.8M shares or 9.9% of the company. . .in our view, the strategic investment is a positive step forward for Pretivm and its Brucejack project, providing a portion of the financing required to build the mine. . .although primarily for initial capex, we expect a portion of the investment will go towards assessment work and underground development within the Valley of Kings deposit leading up to a build decision in mid-2015."

Jeff Wright, H.C. Wainwright & Co. (12/9/14) "Yesterday, Pretium Resources Inc. announced a pact with Zinjin Mining Group, the largest gold producer in China, for a strategic investment of CA$80.8M, representing 9.9% ownership in Pretium at closing. We view this transaction as a positive for Pretium, as it secures a long-term strategic investment under the current weak gold market conditions. . .this transaction is expected to represent a significant portion of the equity component of the capital required to move the Brucejack project into construction."

GMP Securities (12/8/14) "Pretium Resources Inc.'s sizable, high-grade Brucejack project, which is expected to have all sustaining cash costs of under $450/oz (based on the revised feasibility study from 2014) is a rare find these days and makes the company of interest to existing mid/large-cap producers."

more comments

Teresa Matich, Resource Investing News (12/8/14) "Pretium Resources Inc. is one step closer to financing the development of its exceptionally high-grade Brucejack project in Northern British Columbia. On Monday, the company announced a whopping CA$81M strategic investment from China's Zijin Mining. . .certainly, buying up 10% of Pretium's stock is a strong vote of confidence, and investors will be watching to see how financing for the high-grade mine progresses."

Ovais Habib, Scotia Capital (12/8/14) "Pretium Resources Inc. announced that Zijin Mining Group has agreed to make a strategic investment in the company which will result in Zijin owning approximately 9.9% of Pretium's issued and outstanding shares. . .Pretium plans to use proceeds from the offering to fund capex for its Brucejack gold project in British Columbia including procurement of long-lead items and camp infrastructure. Permits to advance Brucejack to the construction stage are expected in H1/15."

Joe Reagor, ROTH Capital Partners (12/8/14) "On December 8, 2014, Pretium Resources Inc. announced a CA$81M strategic investment by Zijin Mining Group. This represents a significant portion of the equity component needed to fund the Brucejack mine construction. We believe Pretium could break ground as early as June on the mine and we are reiterating our Buy rating."

The Gold Report Interview with Douglass Loud and Jeffrey Mosseri (12/3/14) "Among the near-term producers we like Pretium Resources Inc. and its Brucejack project in British Columbia. Its grades are superb: 11.5 Moz of half-ounce material. The CEO is Bob Quartermain, the man who took Silver Standard Resources from $50M to $2.5B. I think that he's going to shepherd Brucejack into production within three years. It's going to be a real superstar." More >

Jeff Wright, H.C. Wainwright & Co. (11/20/14) "We are reiterating our Buy recommendation on Pretium Resources Inc.. . .we continue to view Brucejack as a premier, high-grade undeveloped gold asset and note that the project remains robust even in today's lower-price environment."

The Gold Report Interview with Chen Lin (11/17/14) "I like Pretium Resources Inc. a lot. I've been there twice, as recently as a few months ago. Its Brucejack deposit in British Columbia is phenomenal—one of the highest grades in the world in a politically safe jurisdiction. It is looking to become a very low-cost producer: just over $400/oz. So even if gold drops below $1,000/oz, the mine will be built. Brucejack will be a relatively small, underground mine in a brownfields location. It was permitted before, and getting a new permit should be relatively easy. . .the lake close to Brucejack has no fish, so the mine will have a small impact on the environment. . .this is a very low-cost operation. The recent takeovers were producers at about $1,000/oz, as opposed to Pretium's $400/oz. I believe any takeover would be at a significant premium to the current stock price." More >

Dan Rollins, RBC Capital Markets (11/12/14) "Pretium Resources Inc. continues to derisk the development of its high-grade Brucejack project. . .with C$62M raised in July, the company ended Q3/14 with C$64M cash on hand, sufficient to fund its current exploration plans and likely take the project up to development. . .Pretium is likely on the radar of a number of larger producers given that Brucejack is one of the larger and higher grade deposits not in the hands of an existing producer, with underlying exploration potential and a location in a geopolitically stable and mining-friendly jurisdiction."

Jeff Wright, H.C. Wainwright & Co. (11/6/14) "We believe it is productive to highlight multiple companies that are progressing through the current challenging markets, maintaining strong balance sheets, and sustaining the potentially prolonged weakness in the precious metals market. . .Pretium Resources Inc. continues to report high-grade drill results at the Brucejack project and is currently on track to secure the environmental assessment certificate in Q2/15. Pretium intends to follow up with additional underground drilling in Q1/15 from an access ramp currently under construction at the 1260 level."

Canaccord Genuity’s Morning Coffee (10/23/14) "Pretium Resources Inc. reported the remaining assay results from its infill surface drilling in the Valley of the Kings, targeting the deeper portion of the 2013 Mineral Resource estimate block model. Results included 13.81 g/t gold over 22.10m, including 1,085 g gold uncut over 0.50m; and 125.35 g/t gold over 4.45m, including 1,620 g gold uncut over 0.50m and 2,930 g gold uncut over 0.50m. The 2014 surface drill program was also successful in confirming the continuity of gold mineralization. . .below the area defined by the 2013 Mineral Resource estimate."

Ovais Habib, Scotia Capital (10/22/14) "Pretium Resources Inc. reported the remaining assay results from infill surface drilling in the Valley of the Kings which was planned to target the deeper portion of the 2013 mineral resource estimate block model. . .permitting for Brucejack continues to advance. . .we believe Pretium remains well funded for planned exploration and development activities."

Ash Guglani, Salman Partners (10/22/14) "Pretium Resources Inc. announced the remaining assay results from deep infill drilling in the Valley of the Kings. Highlights include hole SU-644-W1 (22.10m at 13.81 g/t Au, including 1,085 g gold uncut over 0.50m) and hole SU-644-W2 (4.45m at 125.35 g/t Au, including 1,620 g gold uncut over 0.50m and 2,930 g gold uncut over 0.50m). . .the drill program was successful in confirming the grade and continuity of gold mineralization in the Indicated and Inferred resources categories."

The Gold Report Interview with Jeff Wright (10/15/14) "One of the companies I cover is Pretium Resources Inc. (Rated: Buy). I conducted a site visit in August of its Brucejack project in northern British Columbia. The company has done a very good job managing the project, increasing the size and the quality of the reserve. The grades there are phenomenal. It is a near-surface, underground mine, so the development is not that expensive. The company has to raise approximately $700M, but the updated feasibility study shows the project is still quite profitable at $1,200/oz gold. [The capital for mine construction] will probably be a mixture of debt and equity, but with the scale tilted more toward debt. I don't see management wanting to overly dilute the project. I think that's a really good example of management not trying to unnecessarily accelerate development. Pretium is letting the project play out. It's looking to grow a true mining company with a good resource base and a reserve that will be mined with outstanding economics for 15–20 years. $700M is a large number to fund, but it makes sense based on the grade and the tonnage that the project can sustain. . .the project is on track to get its permits by the middle of 2015. Brucejack doesn't have the environmental concerns of some other projects. It's in a fairly isolated place with no major water or wildlife issues, and management has a good relationship with the First Nations in that area of British Columbia. It's a mine that makes sense." More >

The Gold Report Interview with Adrian Day (10/13/14) "Pretium Resources Inc. has given us many good opportunities for profits. It's a good buy again at $5/share. The market rewards discovery." More >

The Gold Report Interview with Jeff Killeen (9/10/14) "In late August I visited Pretium Resources Inc.'s Brucejack project in northern British Columbia. This was my third time there and my focus was to have a closer look at the underground bulk sample area of the Valley of the Kings deposit and see how both the geology and the mineralization compare with some of the interpretations and estimates Pretium has laid out. I looked at the stockwork veining that hosts much of the gold and silver mineralization and witnessed how the company has assessed its resource. I returned from the trip with an improved comfort level around the company's interpretations. Questions from the broader market about the realized mine grade will persist until it goes into operation, but nonetheless the site should perform well.

That type of investment [Boston-based Liberty Metals & Mining Holdings] often gives investors the idea that there is further financial support available for an asset like Brucejack. That builds some confidence from the market's perspective that Pretium will be able to find financing to move the project forward. But no single investor investing in an asset could build full confidence in any one project. It's a positive step, yet many other pieces would have to fall into place to get a complete stamp of approval from the market. We rate Pretium a Sector Outperformer so we think it's certainly a stock with upside. At CIBC we have taken a more conservative approach to modeling Brucejack and the Valley of the Kings deposit relative to how the company designed its feasibility study. Even so, our NAV for Brucejack alone is north of $11 based on Pretium's current share count. I would note, though, that a takeout premium is priced into our $11.50 target because most stocks in the junior space are trading in the 0.4-0.6x NAV range. In order to build and sustain a significant takeout premium, Pretium will have to undertake a few more derisking steps over the next 12 months." More >

The Gold Report Interview with Charles Oliver (9/8/14) "Pretium Resources Inc.'s Brucejack has a great many positive attributes. It is a very small, very high-grade gold-silver mine with a very small environmental footprint. So tailings will be a relatively smaller issue for Pretium. Indeed, it is so high grade that dry-stack tailings may be possible. On permitting, Brucejack was a historic mine as recently as the 1980s, which will make approvals easier to get. The project is going underground, so Brucejack will not have one of those big open pits that some people do not like. . .many nuggety gold deposits have been produced successfully in the past, and they will continue to be produced successfully in the future. Brucejack has the advantage that it has seen a surprisingly large number of high-grade nugget hits. The resources are there. Mining this project may result in some lumpy quarters, but I do believe that the mine will be permitted and will be very profitable." More >

Dan Rollins, RBC Capital Markets (9/3/14) "Following our recent site visit and underground tour, we have more confidence in the high-grade potential of Pretium Resources Inc.'s Brucejack project and suitability of long-hole stoping as the primary mining method. . .the tour showcased the high-grade nature of Brucejack with notable visible gold (electrum) throughout an envelope of lower-grade stockwork mineralization (less than 5 g/t). . .given the variable nature of high-grade mineralization, the use of selective mining techniques would not only be expensive, but inefficient. With high-grade ore contained within a low-grade envelope of stockwork mineralization, the use of long-hole stoping appears to be the most suitable method of extraction."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (9/2/14) "Good projects will likely succeed and get funded. I am glad that the market started to differentiate the good ones. Pretium Resources Inc. is a perfect example. The all-in cost is in the $400s and the mine is highly profitable even at $800/oz gold."

The Gold Report Interview with Keith Phillips (8/27/14) Pretium Resources Inc.'s Brucejack is a spectacular asset. Pretium CEO Bob Quartermain has done a great job, but this is a technically complex asset that would require proper due diligence. My sense is the Pretium management and board have their interests properly aligned with shareholders, so I suspect it's a matter of time before a larger company makes a compelling proposal." More >

Vivien Diniz, Resource Investing News (8/26/14) "Happily for Pretium Resources Inc., a recent site tour seems to have only helped strengthen the analysts' stance on the company, due in large part by the visual of the Valley of the Kings mineralization. . .Pretium is currently waiting on key permits, which it expects in H1/15, and a construction decision (slated for next summer)."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (8/25/14) "I just came back from a very impressive visit of Pretium Resources Inc.'s Brucejack project. The company just came out with its feasibility study in June. . .all-in sustaining costs are $448/oz. This tells you how robust the project is. . .I have been studying about gold miners and talking to people in the industry lately. In general, the market condition is getting more rational in gold miners. A few good projects are getting funded. Pretium has one of the few that will likely become a mine in the next few years."

Jeff Killeen, CIBC World Markets (8/25/14) "On August 20, we attended an analyst site visit to Pretivm Resources Inc.'s Brucejack. . .overall, we came away confident from the trip from the standpoint that the underground review of veining and mineralization appeared to largely confirm the interpretations made by the company in its resource/reserve estimates."

The Gold Report Interview with Michael Fowler (8/25/14) "In April, Boston-based Liberty Metals & Mining Holdings bought roughly 5.78M Pretium Resources Inc. common shares at CA$6.92 apiece and received a seat on the board. Private equity wants to be involved in the decision-making. . . Pretium is not a straightforward asset. It's not easy to define a resource when you have such a high-grade deposit, but if a suitor is looking at Pretium, that company is going to decide how it would mine Brucejack. It may be that it's not 2,000 tpd through a mill but rather 1,000 tons. It's a great deposit but nobody will know the actual grade of Brucejack until it's mined. I still think that Pretium will be looked at strongly by some larger companies. . .the tire kickers are out there and looking at Pretium. They're probably trying to understand exactly how big this resource is, its grade and how it can be mined for a profit." More >

Ben Kramer-Miller, Seeking Alpha (8/23/14) "Pretium Resources Inc. has two enormous projects in Canada, Brucejack and Snowfield, with a whopping 50 Moz gold. . .the Snowfield project is being assigned very little value. . .a rising gold price can, therefore, send the value of Snowfield soaring."

Joe Reagor, ROTH Capital Partners (8/22/14) "Our site visit exceeded our expectations and reinforced our view that Pretium Resource Inc.'s Brucejack is an elite gold project. We are reiterating our Buy rating. . .we believe that the resource supports the company's goal of developing a bulk mining underground operation as host rock is clearly defined."

Ovais Habib, Scotia Capital (8/22/14) "We visited Pretium Resources Inc.'s 100%-owned Brucejack gold project in northern British Columbia on August 20. . .overall, we felt the underground tour did a good job of demonstrating the lateral and vertical continuity of mineralized domains 17 and 20 in the bulk sample area. . .permitting for the project is advancing."

Ash Guglani, Salman Partners (8/20/14) "This morning, Pretium Resources Inc. announced the results from deep infill drilling underway in the Valley of the Kings. Highlights include hole SU-632-W4 (2.1m at 335.65 g/t Au from depth of 78.76m, including 4,130 g gold uncut over 0.8m and 3,530 g gold uncut over 0.5m). . .we reiterate our Buy recommendation."

Ovais Habib, Scotia Capital (8/20/14) "Pretium Resources Inc. released assays from additional surface drill holes at its 100%- owned Brucejack gold project in northern British Columbia. . .highlighted hole SU-632-W4 (wedged downhole off drillhole SU-632 at 272.5m) intersected 335.65 g/t Au over 2.1m, including 4,130 g/t Au (uncut) over 0.80m and 3,530 g/t Au uncut over 0.50m. These results confirm the continuity of mineralization in VOK beneath the area defined by the 2013 mineral resource, according to Pretium."

Ash Guglani, Salman Partners (8/15/14) "Yesterday, Pretium Resources Inc. announced that the environmental assessment certificate application for its high-grade gold Brucejack project has been screened and accepted for filing by the British Columbia Environmental Assessment Office (BCEAO). The BCEAO now has a 180-day period to complete a review. . .it then prepares an assessment report for a decision by the Minister of Environment and the Minister of Energy and Mines."

Joe Reagor, ROTH Capital Partners (8/12/14) "Pretium Resources Inc. continues to work toward permitting its flagship Brucejack project, which we continue to view as an elite undeveloped gold project. . .for 2014, the company has produced and sold 3,120 oz gold from only 1 Kt ore (over 3 oz/ton), demonstrating the high-grade nature of the Brucejack deposit. . .we believe Pretium will receive permits and be able to finalize arranging financing for the Brucejack deposit in early 2015 and begin construction in the first half of 2015. . .we are maintaining our Buy rating."

The Gold Report Interview with Ralph Aldis (7/30/14) "We're still big fans of Pretium Resources Inc. Brucejack is going to be a mine. This is the real thing. It's just going to take time. It's going to have a small mine footprint but be very profitable.

TGR: Pretium took a credibility hit based on some resource work that was being conducted on Brucejack. Did that make you question management?

No. The engineering firm had processed maybe 3–4% of the bulk sample when those comments were made. It's insane to me. Yes, it is a complicated resource estimate and the mine plan will be complex, too; it's not a simple bulk-mining situation. There is some complexity but Pretium is probably one of the best takeout candidates out there. Nobody knows for sure but if that resource calculation is correct, then it's a tenbagger." More >

Ovais Habib, Scotia Capital (7/29/14) "Pretium Resources Inc. intends to use the net proceeds from the common share offering (~CA$51M, based on our estimates) to fund environmental and engineering activities at its 100%-owned Brucejack gold project in British Columbia, advance Brucejack permitting, fund continued exploration at Brucejack, and for general corporate purposes. For the balance of 2014, the company plans to focus on permitting and project funding. . .we maintain our Sector Perform rating and CA$10/share one-year target price."

The Gold Report Interview with Doug Loud (7/23/14) "There are a lot of good projects in northern British Columbia, like Pretium Resources Inc., with its huge, high-grade gold discovery that's just waiting to be taken advantage of." More >

The Gold Report Interview with David H. Smith (7/7/14) "One of the most exciting exploration stories in the world, in my opinion, is Pretium Resources Inc. in British Columbia. It has incredible grades. These are not long veins, but the grades and intercepts are amazing. It's in a mining friendly jurisdiction where the environmental impact can be controlled. And the management is top flight. When Pretium collapsed last year it didn't bother me much—I bought it after it lost half of its value. It has reclaimed all of that and is hitting new intermediate highs." More >

Ovais Habib, Scotia Capital (7/3/14) "Deep geological drilling at Pretium Resources Inc.'s Brucejack confirms continuity of mineralization along the Latite dyke structure. . .holes SU-628 and SU-629 intersected mineralization in the stock work system associated with the latite dyke intersected by the previously reported hole SU-627 (43.57 g/t Au over 10.93m). These results confirm the continuity of mineralization in Valley of the Kings beneath the area defined by the 2013 mineral resource, according to Pretium."

Ash Guglani, Salman Partners (7/3/14) "This morning, Pretium Resources Inc. announced that results from exploration drilling (all collared from the same location and drilled to the south) at the Valley of the Kings (VOK) have verified the continuity of mineralization below the area defined by the 2013 mineral resource estimate. . .drilling activities below the current resource block model at VOK continue to show the further potential to expand the size of VOK."

Ash Guglani, Salman Partners (7/2/14) "This morning, Pretium Resources Inc. announced that it has submitted the environmental assessment certificate application to the British Columbia Environmental Assessment Office for its Brucejack project. The 30-day screening period to make sure the application is complete has now begun. . .we reiterate our Buy recommendation."

Jeff Killeen, CIBC World Markets (6/26/14) "Pretium Resources Inc. released its updated feasibility study for its Brucejack project. . .meaningful production and robust economics of Brucejack could position the company as a takeout candidate in the coming 12–18 months. . .the company estimates an internal rate of return of 28.5% and 5% NPV of CA$1.45B for the Brucejack project on an after-tax basis. . .mineral reserves for the project now sit at 7.5 Moz Au and 30.6 Moz Ag, and it maintains its status as one of the highest-grade development projects globally. . .we are increasing our price target to CA$11.50/share."

Ash Guglani, Salman Partners (6/24/14) "Pretium Resources Inc. released strong updated feasibility results on Friday for its Brucejack project. . .a processing rate of 2,700 tpd is planned, mining a total of 16.5 Mt of ore life of mine (LOM) at an average mill feed grade of 14.1 g/t Au. . .LOM production for Brucejack is estimated to total 7.27 Moz Au and 27.63 Moz Ag. . .the company should garner attention as it is expected to produce an average of 400 Koz Au annually over the LOM in a safe mining jurisdiction; we reiterate our Buy recommendation."

Dan Rollins, RBC Capital Markets (6/20/14) "Pretium Resources Inc. released an updated feasibility study for its Brucejack project, which outlined its strong potential economics. . .further validation of the project's economics is likely to bring new investors into the fold, which in turn is likely to reduce financing risk and future equity dilution. Such efforts could also spur the interest of larger industry players, given that few projects offer similar economic prospects, especially projects which are located in mining-friendly jurisdictions such as British Columbia, Canada."

Joe Reagor, ROTH Capital Partners (6/20/14) "Pretium Resources Inc. announced the results of an updated feasibility study on the Brucejack deposit. . .it confirmed the robust project economics even in a depressed gold price environment. Thus, we continue to view Brucejack as an elite gold project with takeout potential."

Travis McPherson, CEO.CA (6/20/14) "Pretium Resources Inc., which is developing the Brucejack project, released an updated feasibility study on the project late yesterday which showed strong economics and viability even at low gold prices. . .importantly, the updated study shows increased average mineable grades, from 12 g/t gold life of mine to 14.1 g/t gold (an increase of 18%)."

Ovais Habib, Scotia Capital (6/4/14) "Pretium Resources Inc. provided an update on its 100%-owned Brucejack gold project and released assays from one of three deep geological drill holes. . .the first of three geological holes (SU-627) to test Valley of the Kings (VOK) gold mineralization at depth returned intercepts of 43.57 g/t Au over 10.93m including two 0.5m intervals of 531 g/t Au and 156 g/t Au, and one 0.71m interval of 167.5 g/t Au. Pretium interprets these intersections as the down dip extension of the northern part of VOK."

The Gold Report Interview with Louis James (5/28/14) "One company at the top of my potential takeover list is Pretium Resources Inc., Bob Quartermain's company in British Columbia that has one of the biggest, high-grade deposits in the world. There are very few million-ounce-plus deposits that are such high grade. This one has more than 10 Moz of Measured, Indicated and Inferred ounces. It's the sort of project that produces robust margins, such as the very robust 35.7% internal rate of return in the company's preliminary economic assessment (PEA). This has to be a very interesting target for potential shoppers like Goldcorp, which lost the bidding war for Osisko and now has about $3B burning a hole in its pocket." More >

The Mining Report Interview with Jeff Wright (5/27/14) "Pretium Resources Inc. has the Brucejack project in British Columbia. It is a large-scale project that successfully completed a bulk sample at the beginning of 2014. That size and scale stand out from the basic junior or even mid-cap company. It's going to be a mine with high-grade, high-production and low-cost metrics. That's what we're looking for. Work on the permitting is ongoing and, while that's not the sexiest thing to do in any business, it's certainly a necessity. Permitting is a long process. It's not something that's up on horizon in the next quarter or two, but it's definitely one of the biggest gating items to move that project forward. We're looking for some updates toward the end of the year. Pretium is going to have to update the feasibility study, which could be a catalyst. We don't anticipate the update to the feasibility study being revolutionary. The project has been fairly well defined at current gold prices, and it's still very positive. The information we got back with the bulk sample and the metallurgical work that was associated with it had positive results. A lot of those concerns and considerations have worked themselves out to the company's favor. The next step is the permitting, updating the feasibility, and coming up with a plan to either organically put the project in production or put itself into play for acquisition." More >

The Gold Report Interview with Charles Oliver (5/19/14) "Pretium Resources Inc. is among my top holdings. . .I visited Brucejack in British Columbia last year. It's a "nuggety" project that's difficult to model. It takes a lot of drilling to get that necessary level of confidence. Last year the company processed a 10,000-ton bulk sample that produced around 6 Koz or about 0.6 ounces per ton. In February, Pretium sent another 1,000-ton sample to the mill and it produced around 3 ounces gold per ton. The important thing to look at with this company is that there is lots of gold underground; the model still needs work to figure out how best to mine it. Pretium is proceeding with further studies on Brucejack, but I think it will be a mine. It's also a potential acquisition as it is high-grade deposit in Canada." More >

The Gold Report Interview with Joe Reagor (4/23/14) "One of the larger companies that we cover is Pretium Resources Inc. It has been a very controversial story this year. But it now appears that Strathcona Mineral Services Ltd. has stepped away a little too early from Pretium. If it had stayed on for the full 10,000 ton bulk sample that Pretium produced, the situation may have been different. We think that Pretium is a good story because a lot of people lost interest in it after Strathcona got cold feet, prematurely. And this is the type of situation that provides a value opportunity because it has not been perfectly mediated by the market." More >

Jeff Killeen, CIBC World Markets (4/17/14) "Pretium Resources Inc. has processed 1,000 tonnes of ore in the Valley of the Kings zone, including a total of 3,120 oz gold. . .this further confirms the presence of high grades at the Brucejack project. . .we expect the implied grade of 3.1 oz/t gold will generate interest in the company, as well as additional funds for working capital."

Ash Guglani, Salman Partners (4/16/14) "This quarter, Pretium Resources Inc. expects to file its environmental assessment certificate (EAC) application once it receives the final application information requirements from the British Columbia Environmental Assessment Office. Both provincial and federal approval of the EAC application and the environmental impact statement will allow for issuance of permits to begin construction of the mine. . .the 2014 exploration program at Brucejack has been planned with a focus on continued resource definition in the Valley of the Kings."

The Gold Report Interview with Jeff Killeen (3/26/14) "In the junior nonproducer space, my top picks would include Pretium Resources Inc. It has assets with higher grades, is sufficiently financed to complete all planned work for the next year, and will continue to generate meaningful news flow over the next year, which can add value to its assets and keep the investment community engaged. Pretium is expected to file an environmental assessment certificate with the British Columbia government within the next month. That will kick off the formal review process for the mine plan. The company will continue to work toward completion of its feasibility study for the Brucejack project in H2/14. In the meantime, the company will continue underground drilling within the Valley of the Kings and is expected to extract another 1,000 ton sample from the zone for processing." More >

Fun Trading, Seeking Alpha (3/17/14) "Pretium Resources Inc.'s Brucejack project presents real potential for the next few years. . .CEO Robert A. Quatermain and COO James Currie lead a top-tier experienced management team, which is very positive for a development project of this size. . .the Valley of the Kings presents exceptional, unique potential. The December 2013 updated resource estimate increased the Au grades to 5 g/t eq Measured, 8.7 Moz Indicated, 15.3 Mt grading at 17.6 g/t; and 4.9 Moz Inferred with 5.9 Mt grading at 25.6 g/t. . .these are some really impressive numbers that do not occur often in Canada."

Jeff Desjardins, Tickerscores (2/12/14) "Pretium Resources Inc.'s Brucejack is arguably one of the best gold deposits in the world. The company is in the feasibility stage and has 13 Moz gold at 13.5 g/t. . .Pretium has a current market cap of approximately $745M, which means it is trading around $57/oz."

Adam Graf, Cowen Securities (2/11/14) "We recently attended a technical presentation on Pretium Resources Inc.'s updated Valley of the Kings resource at the company's Brucejack district; following the presentation, we remain confident that the statistical techniques used are appropriate for orebodies with non-normal grade distribution. We continue to believe in the robust economics of the asset and see it as under-appreciated in the market. . .our Outperform rating reflects our view that the company offers exposure to significant metal endowment through its assets, and to a management team focused on generating value by exploring and developing these assets."

The Gold Report Interview with Adrian Day (1/31/14) "Pretium Resources Inc. had two independent consultants, Strathcona and Snowden. Strathcona is the company that blew the whistle on Bre-X, so it has credibility. Pretium was doing a bulk sample to assess the value of Brucejack because the deposit is high-grade but spotty. The two companies had different methodologies for conducting and assessing this sample. These were technical differences, and I don't know why Strathcona believed it had to resign from the project so publicly.

"I know Pretium's CEO, Bob Quartermain, and his integrity is unquestioned. Nonetheless, I knew that a very public controversy like this would cause the stock to decline for quite some time, which it did. Then the initial bulk sample results were released, and they were excellent. So I thought it was time to jump back in. I feel very positive about the deposit, and the bulk sample results have only gone to support that confidence. I think Pretium is a good buy at this point." More >

The Gold Report Interview with Lawrence Roulston (1/29/14) "Pretium Resources Inc. has a large, high-grade deposit in a favorable jurisdiction. The company's challenge is that the gold distribution within the deposit is very erratic. It has found spectacularly high-grade intercepts in the drilling, and the bulk sample confirmed the grade is there. Pretium needs to convincingly average its high-grade points across a larger bulk of material that can be mined. The challenge is for the engineering firms involved to agree on an approach that allows Pretium to project drilled samples across the larger volume of material. The results of the bulk sample were better than predicted, but the challenge is getting to a suitable level of confidence by averaging across the entire volume. . .Pretium's price recovered fairly strongly after it announced results for the first part of the bulk sample. The engineers are now working with those numbers. There is a lot of upside potential here. Nobody doubts that there is a lot of gold in the ground. But it is necessary to be able to predict the distribution of gold within the deposit in order to develop a reliable mine plan. That will be done; it's just a matter of how long it will take to finish." More >

Jeff Wright, H.C. Wainwright & Co. (1/27/14) "We are initiating coverage on Pretium Resources Inc. with a Buy rating and a 12-month price target of $11. The company's Brucejack project is a textbook example of what a large-scale, high-grade mine should look like. . .we believe the timing opportunistic to establish a position ahead of the revised feasibility study and final permitting."

The Gold Report Interview with Chen Lin (1/13/14) "I follow Pretium Resources Inc., which has the Brucejack project in northern British Columbia. I think this project is relatively straightforward. The company already had a permit on another part of the property. That expired years ago, but we are talking about a reapplied permit situation. This is an already disturbed area—it's not greenfields. There has been a mine in this area before. There are no fish in the nearby lake. Right now, the real controversy is the grade of the mine. There was a big dispute between two geological companies—Strathcona and Snowden—about the Valley of the Kings portion of Brucejack. Strathcona quit working for Pretium because it believes Snowden's resource estimate was overaggressive. Of course, Snowden believes otherwise.

The bulk sampling results were fantastic. Pretium mined 10,300 tons and produced 5,865 oz gold and 4,950 oz silver. As a result, its stock rebounded very nicely. I and some of my subscribers made good money buying those shares at a dip. In 2014, the company will do a better-defined reserve estimate and a prefeasibility study. Eventually, I think Pretium will probably be sold to a major. Bottom line, I feel that permits should not be a problem. The deposit has very high-grade but very thin veins, and there is a dispute about how to measure this resource. Having been to the property, I take the side of Snowden and Pretium's management." More >

Zacks Equity Research (12/30/13) "Pretium Resources Inc. has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, the company has beaten estimates by at least 20% in both cases, suggesting it has a nice short-term history of crushing expectations."

Ash Guglani, Salman Partners (12/20/13) "Pretium Resources Inc. released an updated resource estimate for its Valley of Kings deposit at its flagship Brucejack high-grade project. . .the updated resource estimate incorporates better drilling density and further test work conducted during the bulk sample program and should help further renew confidence in the geological interpretation of the Brucejack deposit."

The Gold Report Interview with Ralph Aldis (12/18/13) "Pretium Resources Inc.'s stock was knocked down hard because of a difference of opinion over the initial quality of its bulk sample. We took advantage of that and increased our exposure in the stock. The gold output from a bulk sample program topped its target by about 47%, producing 5,865 oz gold from 10,302 dry tonnes of ore from the Valley of the Kings deposit." More >

Canaccord Genuity (12/16/13) "Pretium Resources Inc. reported that 5,865 oz gold have been produced from the 10,302 dry t excavated material from the Valley of the Kings bulk sample program; this implies an overall grade profile of ~17.7 g/t. The company was expecting to produce ~4 Koz."

Jay Taylor, Gold, Energy & Tech Stocks (12/13/13) "Pretium Resources Inc. is another of my top 13 gold share exploration picks. . .recent bulk sample results have reaffirmed my optimism and bode well for this company's British Columbia, high-grade but nugget-prone deposit."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (12/2/13) "Pretium Resources Inc. released excellent drill results. The stock is up nicely even as gold and most gold stocks got hammered today. I expect the bulk sampling should be done this week from the last press release. Then the final results can come out next week."

Michael Allan McCrae, Mining.com (12/2/13) "Pretium Resources Inc. announced more high-grade gold intersections at its Valley of the Kings project, which pushed the stock up by 5.73%. . .Eight of the intersections reported were greater than 1,000 g/t gold uncut from 6,164 m of drilling in 46 holes."

Ash Guglani, Salman Partners (12/2/13) "This morning, Pretium Resources Inc. released the final drill results from its 2013 underground drilling program in the Valley of the Kings (VOK) zone, including 8 intersections >1,000 g/t Au (uncut). . .highlight holes include hole VU-365 (328.91 g/t Au over 20.5m, including 13,400 g/t Au over 0.5m) and hole VU-369 (96.71 g/t Au over 44.95m, including 7,700 g/t Au over 0.5m. . .underground drilling has expanded the VOK high-grade mineralization to the east and remains open in all directions."

Lawrence Roulston, Resource Opportunities (11/29/13) "Highly encouraging interim results from Pretium Resources Inc.'s bulk sample program at the Valley of the Kings zone provided a big boost to the share price. . .while we await the final gold content and the results of the statistical analysis, we note that recovering 4,200 oz gold from a fairly large bulk sample certainly confirms that the mineralized zone contains a substantial gold content, whether the media deems those ounces to be valid or not."

Morning Coffee (11/25/13) "Shares of Pretium Resources Inc. surged after the company released initial results from the Valley of the Kings bulk sample program. A total of 8,090 dry tonnes of material was excavated, which yielded a total of 4,215 oz gold, along with 3,593 oz silver. . .the company noted that processing is continuing on track and is expected to be completed by the first week of December. . . Snowden Mining Industries, which is processing the bulk sample, maintains its stance that the November 2012 mineral resource estimate remains valid. . .chalk one up for the company."

Jeff Killeen, CIBC World Markets (11/25/13) "Pretium Resources Inc. reported that 4,215 oz gold have been produced from 8,090 dry tons of excavated material from the Valley of the Kings bulk sample program. . .given that the total ounces produced have already met the company's estimate with only ~80% of the tons processed, it is possible that total ounces will exceed expectations. As of Nov. 24, we upgrade Pretium to a Sector Outperform (from Sector Perform)."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (11/22/13) "Pretium Resources Inc.'s shares almost doubled as of this typing. I have been accumulating shares for a while now and I can't believe the market has been so wrong about the company. I am taking some off of the table, because the profits are too tempting to resist. . .I am very happy to book very nice profits from recent Pretium trades and wait for the next opportunity the market offers. I am still keeping a position in the company and plan to watch it closely."

John Hayes, BMO Capital Markets (11/22/13) "Pretium Resources Inc. announced initial results from processing of the 10 Kt bulk sample from the Valley of the Kings. . .the amount of gold recovered from the bulk sample processed to date is about 5% greater than the expected 4 Koz with about 1.8 Kt remaining to be processed. . .BMO Research is upgrading Pretium to Outperform from Market Perform. Although a degree of technical risk remains due to the statistical noise inherent in high-grade gold deposits, the bulk sample represents a broad technical validation of the project."

Jay Taylor, Gold, Energy & Tech Stocks (11/22/13) "Good bulk sample results lifted Pretium Resources Inc.'s stock. . .[the] stock had come under pressure when one of two highly regarded engineering firms disagreed with the assaying process on the company's Valley of the Kings gold deposit in British Columbia. . .the good news is that the bulk sample not only lived up to management's suggestion of a 0.40 oz/tonne average grade but in fact revealed a grade of 0.53 oz/tonne. . . The extremely high values [for parts of the deposit are] what have people so excited about this deposit."

Joe Reagor, ROTH Capital Partners (11/22/13) "Today, Pretium Resources Inc. reported an update to its bulk sample results for the Brucejack deposit. . .the average grade to date is now 16.2 g/t gold, well above the 13.6 g/t average that the company was targeting. . .we continue to have faith in Pretium management's ability to execute on its plan of derisking and then potentially selling the project to a major mining company."

Ash Guglani, Salman Partners (11/22/13) "This morning, Pretium Resources Inc. announced that it has processed 8,090 dry tonnes of the initial 10 Kmt bulk sample and the results so far have produced 4,215 oz gold, including 2,542 oz from gravity concentrate and 1,588 oz from flotation concentrate. This is roughly equivalent to an average gold grade of 16.2 g/t. . .the results are positive, as the company has surpassed its expectations of 4 Koz with more than 1,800 mt remaining to be processed and brings further confidence to Snowden's MIK approach to the resource estimate at the Valley of the Kings."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (11/14/13) "The most exciting part thing about Pretium Resources Inc. is the recent discovery of the Cleopatra vein. Right now the vein is 75m wide, 50m uptick and 50m downtick. It is still open at all directions. The grade is 100 g/t and the company estimates right now that it has 200–300 Koz gold right in the vein, next to the bulk-sampling tunnel and ready to mine. Pretium management thinks they can take this gold out, generating ~$300M in cash flow. That's the half of the capex needed to build the mine!"

Adam Graf, Cowen & Co. (11/8/13) "Pretium Resources Inc. is advancing its 100%-owned Brucejack project in British Columbia. The company released a feasibility study for the project in mid-2013, which detailed a 400 Koz/year gold scenario at all-in cash costs of $508/oz. Initial capital is calculated to be ~$670M. Brucejack's high-grade nature and its presence of silver and gold make it an ideal fit for several senior producers. Additionally, the project is jurisdictionally safe."

Jay Taylor, Gold, Energy & Tech Stocks (10/25/13) "Pretium Resources Inc. announced excellent results from the first batch of the bulk sampling. The first 2,167 tonnes contains 281 oz of gold, compared to the estimate of 145 oz, which was based on the methodology using the sample tower methodology insisted on by Strathcona. . .for my part, I'm betting with Pretium. . .I do see the sudden plunge in the price of Pretium to suggest a 'march into the sea by Bay Street and Wall Street lemmings.' And that suggests to me there may be a golden opportunity to buy these shares at a bargain basement price."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (10/24/13) "Pretium Resources Inc. released another round of excellent drill results. I added more on the news. I can see Strathcona and Snowden disagreed with each other on how the reserve is measured, but the gold is there! I saw it with my own eyes. Maybe there are controversies on how to measure the grade, but gold is there, there is no question about it."

Ash Guglani, Salman Partners (10/24/13) "This morning, Pretium Resources Inc. announced final drill fan results for its underground bulk sample program at the Valley of the Kings zone at the Brucejack project; reported assays include 12 intersections grading greater than 1,000 g/t gold uncut. Highlight holes include hole VU-346 (exploration hole): 26m at 334 g/t Au from a depth of 30m (uncut), including 0.5m at 17,100 g/t Au from a depth of 54.13m (uncut)."

Richard Gray, Cormark Securities (10/23/13) "We believe that Pretium Resources Inc.'s value should appreciate significantly as the scope and economics of a potential underground mine targeting the high-grade Valley of the Kings Measured and Indicated resource are further defined and derisked. . .results from the first 2,167 tons processed from the bulk sample showed a contained gold estimate of 281 oz, or 4 g/t. . .we believe that bulk sample processing results should carry more weight than the optics surrounding the Snowden-Strathcona disagreement, and as such, upcoming bulk sample results should be material events for the stock price."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (10/22/13) "Pretium Resources Inc. announced excellent results from the first batch of the bulk sampling; the first 2000+ tons contain 281 oz gold versus the resource estimate of 145 oz. This is a low-grade area and may not give the big picture but still it is very encouraging news; I believe Pretium intentionally started with low grade so the high grade won't contaminate the lower grade results."

Morning Coffee (10/11/13) "Shares of Pretium Resources Inc. jumped after the company released drill results from its underground bulk sample at its Valley of Kings project. Highlights include Hole VU-279, which intersected 3,180 g/t gold over 0.50m and hole VU-281, which returned 2,010 g/t gold over 0.50m."

Joe Reagor, ROTH Capital Partners (10/9/13) "We continue to view Pretium Resources Inc.'s Valley of the Kings asset as an elite undeveloped gold project. The news today [Strathcona Mineral Services Ltd. resigned from the oversight of the Valley of the Kings bulk sample] needs further clarity before judging whether it has any materiality to our valuation of Pretium; the company is continuing with bulk sample work and expects to provide a resource update at its completion. . .Pretium's internal qualified person and Snowden are still overseeing the bulk sample."

Ash Guglani, Salman Partners (10/9/13) "As planned, processing at Pretium Resources Inc.'s Brucejack of the excavated 10 Kt is proceeding at a rate of approximately 1,000 tpw to produce gold/silver gravity and flotation concentrates. Roughly, 4 Koz gold are expected in total from the program. . .following the receipt of all assay data, an updated mineral resource estimate for the Valley of the Kings, incorporating all 2013 underground and surface drilling and milling results, is expected to be reported."

Jay Taylor, Gold, Energy & Tech Stocks (10/4/13) "If Pretium Resources Inc.'s bulk sampling program confirms the grades built into the feasibility study or higher, that should provide confidence for the pros to start touting this stock; combine a favorable bulk sampling report (which I think is more likely than not), along with a resumption of the gold bull market, and look out! This stock would likely be off to the races on the basis of Brucejack alone, which still has considerably more upside exploration potential."

Ash Guglani, Salman Partners (10/3/13) "Pretium Resources Inc. announced that processing has commenced for the 10 Kmt bulk sample from the Valley of the Kings (VOK). The custom mill in Montana is expected to process 1,000 tonnes per week (at a minimum rate of 220 tpd), producing a gold-silver gravity and flotation concentrate, which is expected to yield recoveries of ~90%. . .excavation of a drift has been completed on the Cleopatra vein, which has been defined for ~85m along strike and remains open in all directions. Additionally, the company completed its 5,000m surface drill program focused on targeting high-grade mineralization at VOK east of the bulk sample location. . .we rate Pretium with a Buy recommendation."

Russ Winter, Seeking Alpha (9/25/13) "We are seeing stunning outcomes from Pretium Resources Inc.'s Valley of the Kings mine. . .many of the mine's veins are 1,000+ g/t. . .there is a geologic footprint evolving that suggests this gold is widespread elsewhere in other domains. . .metallurgical results and rock assessments from domain 17 are described as 'very good.' At 98% recovery, that's a bit of an understatement."

The Gold Report Interview with Charles Oliver (9/23/13) "I visited the Brucejack deposit of Pretium Resources Inc. This summer it was doing a 10,000-ton bulk sample of its deposit from underground, with results expected in the next few quarters. The grade [at the Valley of Kings zone] is spectacular. It is going to be a mine, in my opinion. The biggest question is: What will the mining costs be and what type of mining will it try to get the most economic reserve? When I was underground I could see these veins extending a reasonable distance. Of course, you can't always trust what you see with the eye because the engineers are going to ultimately put some parameters around the width and grades and figure out what the best mining is going to be." More >

The Gold Report Interview with Adrian Day (9/11/13) "We've been looking at Pretium Resources Inc., which owns the Brucejack and the Snowfield projects. Brucejack has the very rich Valley of the Kings deposit. Snowfield is a very large but relatively low-grade project. The real interest for Pretium is Brucejack and particularly the Valley of the Kings zone, which had some astonishingly high grades. It's a very nuggety deposit, however, so the company is undertaking a 10,000-tonne bulk sample, which will be released before the end of the year. Assays released so far have shown very good overall grades, which is what we want. If the bulk sample confirms the grades that we've seen, then Pretium could move a lot higher, but that is a long way off." More >

Jeff Killeen, CIBC World Markets (9/10/13) "Pretium Resources Inc. has provided a drilling and bulk sample update for the current work program underway within the Valley of the Kings zone at the company's Brucejack project in British Columbia. . .recent underground drilling highlights include 1,622 g/t Au over 6.25m in hole VU-168. Drilling continues to intersect a mix of low to moderate gold grades and extreme high grades. . .we expect PVG will be sufficiently financed to year-end."

The Gold Report Interview with Ash Guglani (8/26/13) "Pretium Resources Inc.'s flagship asset is its high-grade Brucejack project. In the Brucejack feasibility study, the capex was $663.5M. For that amount of money it would produce 7.1 Moz gold over a 22-year mine life. This bodes well for the project. There are not a lot of high-grade discoveries like this out there right now. The feasibility study showed the numbers are very strong. The bulk sampling remains the major catalyst for the story and we're hoping to see that by the end of 2013. . .to verify the strength of the economics. . .given what we've seen with this project, I don't expect it will have any problem getting the capital it needs." More >

Chen Lin, What Is Chen Buying? What Is Chen Selling? (8/16/13) "Pretium Resources Inc. is hosting an investor conference in New York on Sept. 11. . .Pretium remains one of my favorites despite that the company is not in production yet due to the high-grade nature of the deposit."

Ash Guglani, Salman Partners (8/15/13) "Pretium Resources Inc. announced additional drill results, which continue to confirm the projection of high-grade gold from the bulk-sample program being completed at the Valley of the Kings (VOK) zone at the Brucejack project. . .highlight holes include 5.2m at 2,270 g/t Au from a depth of 49.3m (uncut), including 0.5m at 10,850 g/t Au from a depth of 54m (uncut). . .the company is also currently conducting additional underground drilling to test the extent of the recently discovered high-grade Cleopatra Vein, which remains open in all directions."

The Gold Report Interview with Louis James (8/14/13) "Large high-grade projects, like Pretium Resources Inc.'s Brucejack project, with its bonanza-grade Valley of the Kings zone, are very few and far between. . .the No. 1 pick has to be Pretium Resources. Bob Quartermain's large, high-grade discovery, the Valley of the Kings zone at the Brucejack project, is one for the record books. There are people who are skeptical of the current resource model. Some of these are not just people who are professional critics, but good people with years of experience in the field. They know how tricky Mother Nature can be, and that's fine. However, if you're going to speculate on a mineral discovery, you want to speculate on something that's really big or really high grade. This project is both. It could be a mega-bonanza-grade deposit—and not in some kleptocratic banana republic. It's certainly worth a swing for the bleachers on this one. The project is undergoing a bulk-sampling test now. The results, expected in the fall, should tell us if it's real.

"By the way, while this is going on, Pretium is still making discoveries. It just announced results from the Cleopatra Vein where it reported 2.5 kilos—not grams, not ounces, but kilos—of gold over a thickness of more than 5m. That's a honking fat vein for such high grades." More >

The Gold Report Interview with Ralph Aldis (7/24/13) "We own stock in Pretium Resources Inc., which is up almost 16%. . .about a year ago, Pretium was an $18 stock. It can [return to] $18/share. Pretium is a binary story in that if this bulk sample works, its mine could be put into production for a relatively small amount of money. It could be a fourfold or fivefold lift on the stock. It's just not much money relative to some of these multibillion dollar projects." More >

Jordan Roy-Byrne, The Daily Gold (7/17/13) "Pretium Resources Inc.'s Brucejack project could be the premier development-stage project in the entire world. . .[it] is extremely economic at current metals prices and would be ridiculously economic if $1,550 gold became a floor again. . .this project is not that far from being deemed a near-term production asset. . .meanwhile, relative to the gold and silver stock sector, this company is extremely low risk. Pretium boasts an experienced management team with a proven track record and highly credible institutional backing. . .most important, this is a world-class project that can make money even at $1,000 gold."

The Gold Report Interview with Jeff Killeen (6/28/13) "Pretium Resources Inc. could be a very attractive asset for many producers. The company has just completed a bankable feasibility study on the Brucejack project in northern British Columbia and is underway to completing an underground bulk sample from the Valley of the Kings zone, which constitutes the majority of resources at Brucejack. Many people are awaiting the results of this bulk sample test to see how well it reconciles to the reserves listed in the feasibility study. If the sample and reserves reconcile well, Brucejack could be high on the list of many producers. It could be one of the highest-grade mines in Canada in the future." More >

Jeff Killeen, CIBC World Markets (6/26/13) "On June 20 we attended a site trip to Pretium Resources Inc.'s Brucejack project. . .we left with greater confidence that bulk mining of the Valley of the Kings (VOK) is feasible. The visit included a review of recently released feasibility estimates for the project, site infrastructure and bulk sampling methodology. . .two VOK domains were viewed in situ and visible gold was observed."

The Gold Report Interview with Chen Lin (6/21/13) "Finally, there is Pretium Resources Inc., which is one of the nonproducers I own. The company has a very high-grade gold mine in the Yukon. Some ore runs at 1 kilogram per tonne. Pretium just announced a feasibility study, showing an internal rate of return on investment of 43% at $1,350/oz gold and $20/oz silver. The payback time is 2.1 years. So if you believe in the long-term future of gold and silver, this is one stock to own." More >

Ash Guglani, Salman Partners (5/28/13) "Pretium Resources Inc. reported the initial results from its 15,000m underground drill program for the two mineralized domains being evaluated at the Valley of the Kings project. Hole VU-01 confirms the projection of high-grade domains of gold mineralization. A highlight from the hole includes 12m at 21.57 g/t Au, including 0.5m at 388 g/t Au and 0.5m at 99.7 g/t Au. . .we reiterate our Buy recommendation."

Ash Guglani, Salman Partners (5/8/13) "Pretium Resources Inc. announced that it has completed the underground access ramp to the Valley of the Kings deposit at its flagship Brucejack project. . .we currently have a Buy recommendation with a 12-month target price of CA$27.50/share on the company."

The Gold Report Interview with Greg Dorsey (4/17/13) "We like Pretium Resources Inc., which was spun off from Silver Standard Resources Inc. a couple of years ago. The company has a high-grade gold resource in British Columbia. Pretium's two projects are located side by side. Its Brucejack project has 8.5 Moz Indicated and more than 16 g/ton. A feasibility study is due out in a couple of months. This will be a long-life mine with relatively modest capital expenditures. The property has not been fully explored and could add substantially to the reserves over time. The Snowfield project has a low-grade deposit of copper and gold. Development there is at least a decade off, but it could add to the company considerably." More >

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