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:

headshot of Bhakti Pavani

Bhakti Pavani, Alliance Global Partners

"Pretium Resources Inc. noted that underground development has been increased to 1,000m/mo in order to support the increased throughput capacity of 3.8 Ktpd. . .the company already processed over 3.5 Ktpd of throughput in Q2/19. Given the pace of underground development, we believe Pretium might achieve the 3.8 Ktpd of throughput capacity by Q3/19E or early Q4/19."

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Joe Reagor, ROTH Capital Partners

"Pretium Resources Inc.'s Q2/19 production of 90,761 oz gold was in line with our estimate of 90,731 oz. . .the company also reported adjusted earnings per share of $0.09, compared to our estimate of $0.07 as costs continued to track below expectations. . .based on the in line performance in Q2/19 and our expectations for the remainder of 2019, we expect to see a continued steady climb in Pretium's market valuation."

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Andrew Kaip, BMO Capital Markets

"Pretium Resources Inc. posted an in line quarter on both earnings per share and production relative to our expectations and slightly ahead of consensus. . .excess free cash flow was directed to debt in the quarter with $45M paid down. We expect the shares to be up on these results."

Anita Soni, CIBC World Markets

"Pretium Resources Inc. reported Q2/19 headline earnings per share (EPS) of $0.06 and adjusted EPS of $0.09, in line with our estimate at $0.09 and a slight beat versus consensus of $0.08. . .Q2/19 production came in at 91 Koz (86 Koz sold)."

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Joe Reagor, ROTH Capital Partners

"One of our key takeaways from our Brucejack tour was that Pretium Resources Inc.'s ramp-up to 3.8 Ktpd is going well and that management believes the mill will be able to operate at 3.8 Ktpd consistently by year-end 2019. . .a second key takeaway from our tour was that the company is not only focused on production growth, but is also focused on continuously evaluating ways to reduce costs."

Meanwhile, elsewhere on the property, the Canadian company continues exploration.
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Bhakti Pavani, Alliance Global Partners

"Pretium Resources Inc. noted that the first phase of the 70,000m 2019 underground drilling program, which is focused on reserve definition at depth below the 1,200m level, is approximately 90% complete. Additionally, the second phase of the drilling program, which is focused on reserve definition westward toward the Brucejack fault, is now approximately 55% complete."

Recent drill results and their implications were addressed in a BMO Capital Markets report.
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The changes are based on the company's first six quarters of commercial production there.
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The Critical Investor – The Critical Investor
David Haughton – CIBC World Markets
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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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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