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.
PVG:TSX PVG:NYSE

Expert Comments:

Byron King, Gold Speculator (1/10/17)
"Pretium Resources Inc. offers bonanza-grade gold potential, moving toward production in 2017. . .this is the year when cash starts flowing. . .the key gold mining project is de-risked, and thus presents limited downside and excellent upside in an eventual rising gold price environment. . .Pretium is cashed up and has ample credit if cash runs short. Management is outstanding. . .Pretium’s share price will doubtless drift up and down with sector sentiment. . .still, over time, and as gold prices rise, Pretium is highly leveraged to the upside. Maintain buy on PVG up to $11.00 per share."

Andrew Kaip, BMO Capital Markets (1/9/17)
"We are initiating coverage of Pretium Resources Inc., a fully funded developer poised to bring one of the highest grade gold deposits toward production during H2/17; an Outperform (Speculative) rating for shares of PVG is supported by relative valuation, asset quality, development stage, financing level, and "safe haven" status. . .the Brucejack mine is forecast to deliver annual gold production of +400koz/year over an approximately 20-year mine life based on an 8.7Moz reserve. . .the Brucejack project is fully funded through the end of construction and we expect the company to begin producing first gold in Q3/17."

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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Byron King, Gold Speculator (12/20/16)
"Pretium Resources Inc.'s current share price is below Brexit levels and an excellent opportunity for long-term holders. Last week, Pretium released stunning news about its work in the Valley of the Kings region of British Columbia. . .proven mineral reserves increased to 1.6 Moz gold—this is sufficient to complete all requirements for the first three years of mine life. . .Pretium offers bonanza-grade gold potential, moving towards production in 2017, the project is de-risked. . .Pretium is cashed up and has ample credit if cash runs short and management is outstanding."

Heiko Ihle, Rodman & Renshaw (12/16/16)
Pretium Resources Inc. management highlighted it was able to complete the exterior construction of the mill building in October [for Brucejack]. . .Brucejack has been derisked from a financial point of view, as all of the required capital necessary to reach production has been secured. . .construction has continued to progress without major hiccups—an impressive accomplishment on management's part. . .we continue to believe commissioning should occur towards mid-2017, with 2018 serving as the first full year of production at the large-scale high-grade gold project."

Jeff Killeen, CIBC World Markets (12/15/16)
Pretium Resources reported an updated Valley of the Kings Reserve estimate for the Brucejack project in British Columbia, which includes an increase of ~17% in Proven and Probable gold ounces on the back of the detailed infill program from the past year. . .the reserve update implies our life-of-mine model will increase by >2 years. . .the overall reserve grade has increased by ~3% and the increased ounces and mine life increase our NAV by ~5%. . .we continue to rate PVG as Outperformer."

Joe Reagor, ROTH Capital Partners (12/15/16)
"Pretium Resources Inc. provided an updated reserves estimate for its flagship Brucejack project. . .we believe the reserve updated was an anticipated positive and that the management change was a logical progression as the company moves towards production. . .proven and probable reserves increased from 6.9 Moz in the June 2014 feasibility study to 8.1 Moz . .the company also announced that current CEO Robert Quartermain would be transitioning to the role of Executive Chairman and that Joseph Ovsenek would assume the role of President and CEO. . .we view this transition as a logical step."

More Expert Comments

Experts Following This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
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?
Greg McCoach, Editor – Mining Speculator
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