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:

Pretium Resources also provides guidance for 2020 costs, cash flow and debt reduction.
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Bhakti Pavani, Alliance Global Partners

"Pretium Resources Inc. reported Q4/19 revenue/earnings per share of $135.5M/$0.11 versus our estimate of $128.9M/$0.14; the higher-than-expected revenue can be primarily attributed to both higher gold sales and better-than-expected gold price realizations. The company sold 93,248 oz gold at an average price of $1,480/oz versus our estimate of 88,156 oz gold sold at an average price of $1,450/oz."

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Joe Reagor, ROTH Capital Partners

"Pretium Resources Inc. announced its financial and operating results for Q4/19 and FY19, which were slightly better than expected. . .the company announced it has started a management transition plan and is looking to replace the current CEO. Also, Pretium's chief geologist resigned."

A conference call is to follow shortly afterward.
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Joe Reagor, ROTH Capital Partners

"Pretium Resources Inc. announced that it would release its Q4/19 and FY19 operational and financial results on Feb. 12, 2020. . .we are updating for reported spot prices of $1,482/oz gold and $17.29/oz silver. . .on the production front, we are maintaining our estimate of 92 Koz gold in Q4/19. We also estimate an average grade of 9 g/t gold."

Adam Graf, B. Riley FBR Inc.

"Pretium Resources Inc. is our favorite midcap, single-asset gold producer; located in the safe jurisdiction of British Columbia, Canada, the company is one of the few single-asset producers of size with low operating costs and substantial mine life. We see Pretium as an attractive candidate to participate in industry consolidation."

Adam Graf, B. Riley FBR Inc.

"We expect Pretium Resources Inc., a value-oriented gold name, to outperform. . .we believe the company offers potential upside to valuation at current metal prices. . .EBITDA growth at Pretium will likely be driven in part by mine ramp-up or expansion."

Adam Graf, B. Riley FBR Inc.

"In our view, Pretium Resources Inc. is the most attractive small cap gold producer from a takeout perspective. The company is effectively a single asset company, in a low risk jurisdiction, with high gold grades and a low cost structure."

Key points from the miner's company update at the Denver Gold Forum are summarized in a CIBC report.
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The new arrangement will go into effect at the end of this month.
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Key points management made on a recent investor tour are presented in a BMO Capital Markets report.
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More Expert Comments

Experts Following This Company

Adam Graf – B. Riley FBR Inc.
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Andrew Kaip, Analyst – BMO Capital Markets
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Chen Lin What Is Chen Buying? What Is Chen Selling?
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Bhakti Pavani – Alliance Global Partners
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Joe Reagor, Analyst – ROTH Capital Partners
Anita Soni, Analyst – CIBC World Markets

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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