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.
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Expert Comments:

Byron King, Gold Speculator (4/11/17)
"We're right on the cusp of Pretium Resources Inc. moving to production here. . .it won't be long before the company is up and running as a true gold producer. . .over time, and as gold prices rise, Pretium is highly leveraged to the upside."

Andrew Kaip, BMO Capital Markets (4/3/17)
"Pretium Resources Inc. announced that the 57 km transmission line connecting the Brucejack mine to the British Columbia hydro power grid was completed on March 21 and was energized on March 31. . .we view the completion and energizing of the transmission as a positive development for the company, which will provide lower cost power to operations."

Byron King, Gold Speculator (3/28/17)
"Pretium Resources Inc. is already mining ore to create a stockpile for the mill; we're looking for final checkouts and to get the mill up and running. Then the company will begin to transition from advanced-stage developer to a full-fledged producer, with cash flow from sale of gold. . .over time, and as gold prices rise, Pretium is highly leveraged to the upside."

Heiko Ihle, Rodman & Renshaw (3/8/17)
"Pretium Resources Inc. continues to advance its high-grade Brucejack project toward production while minimizing the impact from the very few issues, notably the power line, that did not go as planned. In our opinion, the heavy lifting with regard to the project has been completed, and we expect to see the commissioning of Brucejack next month."

Andrew Kaip, BMO Capital Markets (2/28/17)
"Pretium Resources Inc. is nearing completion of construction at Brucejack, with commissioning on track for early April 2017. All major components have been delivered to site, and the company has over 130 Kt ore stockpiled on surface and underground."

Jeff Killeen, CIBC World Markets (2/14/17)
"We are resuming coverage of Pretium Resources Inc. with the completion of the US$100M aggregate principal convertible senior subordinated notes, which included the overallotment option of US$10M. . .commercial production [at Brucejack] in early Q3/17 seems likely with development on track and process plant construction ~2 months ahead of schedule."

Upward revision of gold reserves estimates at Pretium Resources' Valley of the Kings deposit, along with announcement of a management change, caught the attention of a handful of analysts, who offered their takes on future development of the Brucejack mine.
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More Expert Comments

Experts Following This Company

Doug Groh, Senior Research Analyst – Tocqueville Asset Management L.P.
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Andrew Kaip, Analyst – BMO Capital Markets
Jeff Killeen, Analyst – CIBC World Markets
Byron King, Editor – Agora Financial
Chen Lin What Is Chen Buying? What Is Chen Selling?
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