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:

Joe Reagor, ROTH Capital Partners (3/12/18)
"Pretium Resources Inc.'s Q4/17 revenue of $107.1M was above our estimate of $90.8M. . .most significantly, management confirmed H1/8 guidance and confirmed that the goal is to achieve parity grade reconciliation through additional grade control and drilling. . .we are reiterating our Buy rating and $20 price target."

Andrew Kaip, BMO Capital Markets (3/8/18)
"Pretium Resources Inc.'s headline Q4/17 earnings were ($0.01)/share. . .operating cash flow of $33.2M was ahead of our estimate for $28.1M while free cash flow of ($3.3M) was ahead of our estimate of ($15.1M). . .the company exited the quarter with cash and equivalents of $56.3M."

Joe Reagor, ROTH Capital Partners (1/19/18)
"On Jan. 23, 2018, Pretium Resources Inc. announced its Q4/17 production results and provided initial guidance for 2018. . .Q4/17 production was 70,281 oz gold. . .throughput and recovery rates were both above our expectations. . .the company guided to 150–200 Koz gold production in H1/18."

Andrew Kaip, BMO Capital Markets (1/11/18)
"Pretium Resources Inc. delivered one of the smoothest ramp-ups to commercial production in 2017 of any junior developer over the last 15 years. Despite this strong execution, the company continues to trade at a significant discount to the peer average on grade concerns."

Joe Reagor, ROTH Capital Partners (1/1/18)
"On December 21, PVG announced that it had filed an application to increase its mill throughput from 2,700 TPD to 3,800 TPD. . .We had previously anticipated the company would file for a production rate increase and had assumed a rate of 2,900 TPD beginning in late 2018. Thus, this increase is significantly above our expectations and we view it as a major positive catalyst for PVG. . .This increase had a major impact on our DCF and as such, we are increasing our price target from $17 to $21, while reiterating our Buy rating."

Canaccord Genuity analyst Eric Zaunscherb discussed this precious metals company's recent request to the government of British Columbia.
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Eric Zaunscherb, Canaccord Genuity (12/22/17)
"Pretium Resources Inc. has just submitted an application to the British Columbia (B.C.) Ministry of Energy, Mines and Petroleum Resources and the B.C. Ministry of Environment and Climate Change Strategy which outlines an increase in capacity at the Brucejack mill to 3,800 tpd, up from the current 2,700 nameplate. . .with an expansion, we would theoretically see a move to nearly 640 Koz/year, representing a 42% increase per year."

Increased production and increased sales are leading to a cash-positive quarter at this gold miner's flagship project in northern British Columbia.
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More Expert Comments

Experts Following This Company

Adrian Day, Founder – Adrian Day Asset Management
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Louis James, Editor – Casey Research
Andrew Kaip, Analyst – BMO Capital Markets
Philip Ker, Mining Analyst – PI Financial
Jeff Killeen, Analyst – CIBC World Markets
Byron King, Editor – Agora Financial
James Kwantes Resource Opportunities
Bob Moriarty, Author 321 Gold
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 Mine in British Columbia, Canada
Ramping Up Production to Steady State
Local and Regional Exploration Potential
Pretium Resources Inc. Content