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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 reported financial results for its Brucejack project, demonstrating that the mine continues to deliver strong cash flow, and is on track to meet its FY/20 guidance.
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Joe Reagor, ROTH Capital Partners

"Pretium Resources Inc. reported its Q3/20 financial and operating results; results were above expectations mainly due to higher than estimated gold grades. As such, we are increasing our price target."

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Chen Lin, What Is Chen Buying? What Is Chen Selling?

"It is earnings season, and we had a good report from Pretium Resources Inc. . .the company had very strong cash flow, and it is a cash generating machine. Sooner or later it will start to pay a dividend or share buyback."

Andrew Mikitchook, BMO Capital Markets

"The main takeaway from Pretium Resources Inc.'s conference call this morning is a continued management focus to fine tune operations with a focus on improving operational stability and flexibility at Brucejack to continue to meet guidance. The company is on track to achieve 2020 production guidance, and operations have been uninterrupted through the COVID-19 pandemic."

Anita Soni, CIBC World Markets

"Pretium Resources Inc. reported an in line quarter with headline earnings per share (EPS) of $0.17 (and CIBC calculated adjusted EPS of $0.18). . .production, throughput and grades were exactly in line with our estimates, while cash costs and all-in sustaining costs were slightly better than our estimates on the back of slightly better production costs and lower capex spend."

Andrew Mikitchook, BMO Capital Markets

"Pretium Resources Inc.'s Brucejack delivered Q3/20 performance largely in line with expectations and remains on track to meet guidance (325–365 Koz) with 86,136 oz produced in Q3/20 and 259,443 oz year to date. . .overall, the company delivered another strong quarter with no negative surprises, continuing to build a track record under new management."

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Joe Reagor, ROTH Capital Partners

"Pretium Resources Inc. is scheduled to release its Q3/20 operating and financial results on Oct. 29, 2020 and hold its earnings call the following day. . .we estimate production of 79,931 oz gold based on an operating rate of 3.5 Ktpd and an average grade of 8 g/t. . .this is in line with management's guidance."

Pretium Resources reported Q2/20 financial results that included a 47% increase in YoY revenue driven by higher gold prices and strong production at its Brucejack Mine in British Columbia.
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More Expert Comments

Experts Following This Company

Adam Graf – B. Riley Securities
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Chen Lin What Is Chen Buying? What Is Chen Selling?
Kevin MacKenzie, Analyst – PI Financial
Andrew Mikitchook, Analyst – M Partners
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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

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