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:

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."

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."

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

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
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