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PVG:TSX; PVG:NYSE

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".
PVG:TSX PVG:NYSE

Expert Comments:

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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headshot of Chen Lin

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

(8/7/20)
"Pretium Resources Inc. released strong results. . .the company is a cash generating machine at the current gold price. I still believe it could be a great acquisition for Newmont."

headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

(8/6/20)
"As we highlighted in our previous note, we believed Pretium Resources Inc. had room to exceed market expectations with its Q2/20 results, and it did. . .with a strong Q2/20 in the rear view and new management confirming production guidance, we believe the company will outperform its peers as it closes a significant value gap."

Kevin MacKenzie, Canaccord Genuity

(8/6/20)
"Pretium Resources Inc. reported Q2/20 adjusted earnings per share of $0.26/share, which was materially above our estimate of $0.15/share and consensus at $0.14/share. . .Q2/20 delivered an impressive beat, driven by a materially higher-than-expected average head grade."

Andrew Mikitchook, BMO Capital Markets

(8/6/20)
"Pretium Resources Inc.'s Brucejack is on track for 2020 guidance and is building a track record under new management. . .the company's free cash flow increased to $82.7M in Q2/20, a substantial increase compared to $41.8M in Q1/20; it exited Q2/20 with a cash position of $124.7M in the treasury."

Andrew Mikitchook, BMO Capital Markets

(8/6/20)
"We are increasing our target price to $18.50 from $15 as Pretium Resources Inc. continues to build an operating track record under new management with Q2/20 production exceeding expectations and Brucejack poised to deliver strong free cash flows in H2/20 and beyond. . .the company is on track to achieve 2020 production guidance, and operations have been uninterrupted through the COVID-19 pandemic."

headshot of Bhakti Pavani

Bhakti Pavani, Alliance Global Partners

(8/6/20)
"Pretium Resources Inc. reported Q2/20 revenue/earnings per share of $166.5M/$0.18 versus our estimate of $148.4M/$0.13; the higher-than-expected revenue can be primarily attributed to higher gold production/sales and higher realized metal prices. In Q2/20, the company produced/sold 90,419/96,047 oz gold at an average price of $1,738/oz versus our estimate of 87,790 oz at an average price of $1,675/oz."

Pretium Resources' flagship mine continues to generate free cash flow.
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Pretium Resources reported that it filed an updated technical report for its Brucejack Mine and stated that it will announce Q1/20 earnings on April 30, 2020.
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More Expert Comments

Experts Following This Company

Adam Graf – B. Riley FBR Inc.
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

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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