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:

Lawrence Roulston
Once seen as remote, British Columbia's Golden Triangle has opened up dramatically, with two mines now in production, three new hydro-power facilities, a link to the provincial power grid, and roads throughout the region. Lawrence Roulston, managing director of WestBay Capital Advisors, discusses the changing mining landscape there and profiles a number of companies exploring that highly prospective region.
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Joe Reagor, ROTH Capital Partners (5/14/18)
"We are maintaining our Buy rating as we believe Pretium Resources Inc. is on the right track to reach steady state production later this year. . .the company reported revenue of $89.4M. . .Pretium maintained its H1/18 all-in sustaining cost guidance of $700–900/oz."

David Haughton, CIBC World Markets (5/10/18)
"Pretium Resources Inc.'s adjusted Q1/18 EPS of $0.03 beat our estimate of $0.02. . .the H1/18 guidance remains at 150–200 Koz gold at an all-in sustaining cost of $700–900/oz. . .cash and cash equivalents are $70M, up from $56M at 2017E."

Andrew Kaip, BMO Capital Markets (5/10/18)
"Pretium Resources Inc.'s headline Q1/18 earnings were $0.04. . .the company noted it remains on track to deliver on its H1/18 gold production guidance of 150–200 Koz and all-in sustaining cost of $700–900/oz and expects steady state production to be achieved by mid- to late 2018."

Andrew Kaip, an analyst with BMO Capital Markets, reviewed this company's Q1/18 production numbers.
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Joe Reagor, ROTH Capital Partners (4/12/18)
"We are encouraged by the improvement Pretium Resources Inc. demonstrated in February and March and believe the company will show incremental improvement in each subsequent quarter of 2018. . .Pretium is poised to meet H1/18 guidance of 150–200 Koz gold."

Andrew Kaip, BMO Capital Markets (4/11/18)
"We are just back from the Pretium Resources Inc. investor presentation. . .improvement to +10 g/t gold in February and March reflects renewed access to higher-grade stopes and, in March, the full benefit of grade control. . .FY18 guidance will be provided mid-year and will represent moving to reserve grade in H2/18 as a primary objective."

Andrew Kaip, BMO Capital Markets (4/11/18)
"Pretium Resources Inc. delivered Q1/18 production that was above our expectations, with the grade control program now fully integrated into its mining process. . .the company announced Q1/18 gold production of 75.7 Koz, above our expectation of 67.9 Koz. The beat was primarily driven by above-estimated milling rates of 2.9 Ktpd. . .positively, grades improved during the quarter."

Canaccord Genuity analyst Eric Zaunscherb discussed this precious metals company's recent request to the government of British Columbia.
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More Expert Comments

Experts Following This Company

David Haughton – CIBC World Markets
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Andrew Kaip, Analyst – BMO Capital Markets
Philip Ker, Mining Analyst – PI Financial
Jeff Killeen, Analyst – CIBC World Markets
James Kwantes Resource Opportunities
Rick Mills Ahead of the Herd
Bob Moriarty, Author 321 Gold
Joe Reagor, Analyst – ROTH Capital Partners
Lawrence Roulston – WestBay Capital Advisors
Lobo Tiggre, Founder and CEO – Casey Research
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