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:

Andrew Kaip, BMO Capital Markets (1/13/19)
"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 (1/10/19)
"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."

Joe Reagor, ROTH Capital Partners (1/10/19)
"We believe the obvious conclusion from Pretium Resources Inc.'s overall 2018 production is that Brucejack is a world-class asset and the company remains significantly undervalued. . .Pretium produced 376,012 oz gold in 2018 at an all-in sustaining cost of under $800/oz, based on our estimates. Simply repeating this production rate for the existing mine life would make Brucejack one of the best gold mines in the world."

Andrew Kaip, BMO Capital Markets (1/9/19)
"Pretium Resources Inc. delivered Q4/18 gold production from its Brucejack mine of 96.3 Koz. . .the company ended the quarter with over $45M in cash following the repurchase of its precious metals stream. . .we continue to rate shares of Pretium Outperform based on valuation and the quality of the Brucejack mine."

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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Andrew Kaip, BMO Capital Markets (12/18/18)
"As expected, Pretium Resources Inc. has closed the previously announced $480M debt facility, allowing it to repurchase the callable 8% gold and silver stream and refinance its existing construction credit facility. . .we still see a number of catalysts on the horizon, including Q4/18 production mid-January and a discussion on reconciliation either with Q4/18 production results or shortly thereafter."

Joe Reagor, ROTH Capital Partners (12/17/18)
"On Dec. 14, 2018, Pretium Resources Inc. announced it had received approval to increase the production rate at Brucejack from 2,700 tpd to 3,800 tpd. . .we view this as a significant positive for the company. . .we note that in order to increase production to this rate on a continuous basis the company needs to invest approximately $25M in mill upgrades."

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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Lobo Tiggre
Lobo Tiggre of Independent Speculator discusses an attack piece by short sellers against Pretium Resources.
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A report provides ROTH Capital Partners' new estimates for gold, silver and other metals throughout 2018 and net effect on the financial projections of this miner.
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A ROTH Capital Partners report interpreted this company's quarterly results.
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More Expert Comments

Experts Following This Company

The Critical Investor – The Critical Investor
David Haughton – CIBC World Markets
Andrew Kaip, Analyst – BMO Capital Markets
Rick Mills Ahead of the Herd
Bhakti Pavani – Alliance Global Partners
Joe Reagor, Analyst – ROTH Capital Partners
Lawrence Roulston – WestBay Capital Advisors
Anita Soni, Analyst – CIBC World Markets
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