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 Andrew Kaip

Andrew Kaip, BMO Capital Markets

"Joseph Ovsenek, president/CEO of Pretium Resources Inc., presented at the 2019 BMO Global Metals & Mining Conference. . .Ovsenek outlined a number of catalysts for the company, including updated reserves and resources and a life-of-mine plan in Q2/19, the ramp-up of the Brucejack mine to 3.8 Ktpd, reserve expansion, regional exploration and debt reduction."

headshot of Bhakti Pavani

Bhakti Pavani, Alliance Global Partners

"Pretium Resources Inc. reported Q4/18 revenue of $109 million. . .also, the company sold gold and silver ounces of 94,458 oz Au and 87,110 oz Ag. . .with regards to cost, the production cost of $56 million in Q4/18 was significantly below our estimate of $69 million."

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Joe Reagor, ROTH Capital Partners

"Pretium Resources Inc. announced that the mined stopes during 2018 reconciled within 90% of the planned grade of those stopes in the 2016 mine plan and 92% in the final nine months following the ramp-up of the grade control system. . .this was significantly better than most investors appeared to have hoped for, and this makes the company's updated reserve estimate in April a potential significant positive catalyst for Pretium."

headshot of Andrew Kaip

Andrew Kaip, BMO Capital Markets

"Pretium Resources Inc.'s Q4/18 adjusted earnings per share was $0.11, above our estimate and consensus for $0.08 on lower-than-expected costs. Operating cash flow of $43M was above our estimate for $30M and translated into stronger free cash flow of $36M versus our expectations of $22M; the company posted a solid free cash flow yield of close to 12% in 2018."

Andrew Kaip, BMO Capital Markets

"Pretium Resources Inc.'s Brucejack is a tier 1 mine. . .an asset like this underscores our Outperform (Speculative) rating. We view clarity on grade control, reserve and expansion to 3.8 tpd over the next quarter to be positive catalysts."

Anita Soni, CIBC World Markets

"Pretium Resources Inc. reported Q4/18 production results of 96.3 Koz compared with 92.6 Koz in Q3 and below our Q4 forecast of 108.7 Koz. . .the milling rate of 2.9 Ktpd was above Q3/18 of 2.6 Ktpd and our forecast of 2.7 Ktpd. . .cash on hand was $45M at year-end after the debt refinancing and stream repurchasing. . .The performance of Brucejack is the key driver for the stock, and we are looking for consistent ore grade delivery in the coming quarters to build market confidence."

A Raymond James report relayed how this royalty and streaming firm intends to use the proceeds.
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A BMO Capital Markets report presented the terms of the transaction and related financing.
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The Canadian company has a roughly 70,000-meter drill program planned for 2019.
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A BMO Capital Markets report relayed this company's recent news and updates.
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The company also reported that it has achieved steady-state production at its mine.
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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 Rick Mills
Rick Mills Ahead of the Herd
headshot of Bhakti Pavani
Bhakti Pavani – Alliance Global Partners
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
headshot of Lawrence Roulston
Lawrence Roulston – WestBay Capital Advisors
Anita Soni, Analyst – CIBC World Markets
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Lobo Tiggre, Founder and CEO – Louis James LLC

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