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:

Pretium Resources' recent drill results, undervalued exploration potential and 2021 plan are covered in a BMO Capital Markets report.
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Through the transaction, Pretium Resources improves its balance sheet and Seabridge Gold gains mineral resources.
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Andrew Mikitchook, BMO Capital Markets

"The closing of the $100M Snowfield sale will allow Pretium Resources Inc. to accelerate debt repayment in 2021. . .we reiterate our Outperform rating as the company continues to build an operating track record that should attract further rerating for it."

Pretium Resources reported a new discovery at the Hanging Glacier Zone, projecting significant near-mine exploration potential at its Brucejack Mine.
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Andrew Mikitchook, BMO Capital Markets

"Pretium Resources Inc. announced a new discovery at the Hanging Glacier zone and headlined broad intervals of consistent gold mineralization at fairly shallow depths. . .these broad intervals also contained sizable higher grade intercepts of 3.68 g/t over 10.5m and 9.55 g/t over 13m, respectively, comparable to the grade and thickness of mineralization currently being mined at Brucejack."

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Joe Reagor, ROTH Capital Partners

"Pretium Resources Inc. is likely to reach net cash positive in early 2021. . .having positive net cash on its balance sheet could allow the company's board to implement a dividend, which we believe could provide a significant positive catalyst for Pretium. . .it remains undervalued compared to its peers, and the implementation of a dividend could help to close this gap."

Pretium Resources agrees to sell Snowfield to Seabridge Gold.
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Andrew Mikitchook, BMO Capital Markets

"Pretium Resources Inc. announced the sale of the Snowfield property to Seabridge for $100M cash and a 1.5% net smelter returns royalty that positions the company well to accelerate debt repayments. . .management intends to pay down the revolver portion of Pretium's credit facility."

Pretium Resources reported financial results for its Brucejack project, demonstrating that the mine continues to deliver strong cash flow, and is on track to meet its FY/20 guidance.
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Joe Reagor, ROTH Capital Partners

"Pretium Resources Inc. reported its Q3/20 financial and operating results; results were above expectations mainly due to higher than estimated gold grades. As such, we are increasing our price target."

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Chen Lin, What Is Chen Buying? What Is Chen Selling?

"It is earnings season, and we had a good report from Pretium Resources Inc. . .the company had very strong cash flow, and it is a cash generating machine. Sooner or later it will start to pay a dividend or share buyback."

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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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
Anita Soni, Analyst – CIBC World Markets

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