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:

The changes are based on the company's first six quarters of commercial production there.
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Joe Reagor, ROTH Capital Partners

"On April 4, 2019, Pretium Resources Inc. provided an update reserve estimate and mine plan for the Brucejack mine. . .we believe the company is set up to meet or exceed expectations moving forward. Thus, we anticipate a significant positive correction in its valuation."

Anita Soni, CIBC World Markets

"Pretium Resources Inc. provided an updated mineral reserve and 3.8 Ktpd life-of-mine plan. The company reported reduced mineral reserves estimates (tons, grade and ounces), bringing the reserve estimate more in line with market expectations for the asset of around 12 g/t. . .the stock reacted favorably to the announcement."

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Andrew Kaip, BMO Capital Markets

"Pretium Resources Inc. announced updated mineral reserves and resources and a life-of-mine plan for Brucejack that were largely in line with our expectations. . .an average production of over 440 Koz is estimated over the 14-year mine life. At $1,300/oz gold, the net present value 5% is estimated at $2.59B post tax."

Andrew Kaip, BMO Capital Markets

"From Pretium Resources Inc.'s Investor Day presentation, we come away with more confidence on a number of fronts, including mine plan, costs and geological controls that flow into resource and reserve discussions. . .expansion plans are tracking well, and we see no reason why the company should not ramp up to sustained milling rates of 3.8 Ktpd by 2019E."

Andrew Kaip, BMO Capital Markets

"Joseph Ovsenek, president/CEO of Pretium Resources Inc., presented at the 2019 BMO Global Metals & Mining Conference. . .Ovsenek outlined a number of catalysts for the company, including updated reserves and resources and a life-of-mine plan in Q2/19, the ramp-up of the Brucejack mine to 3.8 Ktpd, reserve expansion, regional exploration and debt reduction."

headshot of Bhakti Pavani

Bhakti Pavani, Alliance Global Partners

"Pretium Resources Inc. reported Q4/18 revenue of $109 million. . .also, the company sold gold and silver ounces of 94,458 oz Au and 87,110 oz Ag. . .with regards to cost, the production cost of $56 million in Q4/18 was significantly below our estimate of $69 million."

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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The Canadian company has a roughly 70,000-meter drill program planned for 2019.
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More Expert Comments

Experts Following This Company

The Critical Investor – The Critical Investor
David Haughton – CIBC World Markets
headshot of Andrew Kaip
Andrew Kaip, Analyst – BMO Capital Markets
headshot of Rick Mills
Rick Mills Ahead of the Herd
headshot of Bhakti Pavani
Bhakti Pavani – Alliance Global Partners
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
headshot of Lawrence Roulston
Lawrence Roulston – WestBay Capital Advisors
Anita Soni, Analyst – CIBC World Markets
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Lobo Tiggre, Founder and CEO – Louis James LLC

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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