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:

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Joe Reagor, ROTH Capital Partners

"Pretium Resources Inc. announced its financial results for Q4/20 and full year 2021. . .the most significant takeaway was that 2020 production reconciled within a normal range. . .Q4/20 revenue of $169.6M was slightly above our $167.2M."

Anita Soni, CIBC World Markets

"Pretium Resources Inc. reported an adjusted earnings per share beat in Q4/20 driven by higher sales. . .results of the phase 1 drilling of the North Block zone include 19.3 g/t Au over 9m and 2,590 g/t Au over 1m with four intersections assayed above 1,000 g/t Au."

Pretium Resources reported that FY/20 gold production exceeded the mid-point of its yearly guidance and that it greatly reduced its debt by making a $160 million discretionary payment toward its credit line.
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Joe Reagor, ROTH Capital Partners

"Pretium Resources Inc.'s Q4/20 production of 88,299 oz gold was above our estimate of 81,929 oz. We attribute the higher than anticipated production to higher grades; production grades averaged 8.9 g/t gold compared to our 8.2 g/t estimate during Q4/20."

Anita Soni, CIBC World Markets

"Pretium Resources Inc. reported Q4/20 gold production of 88.4 Koz, slightly above our estimate of 85.4 Koz, bringing FY20 production to 347.7 Koz, slightly above the mid-range of the 2020 production guidance of 325–365 Koz. The production beat was mainly driven by higher average grade of 8.9 g/t in Q4/20 versus our estimate of 8.5 g/t."

Andrew Mikitchook, BMO Capital Markets

"Yesterday, Pretium Resources Inc. announced Q4/20 production above our expectations as well as guidance for 2021 sustaining and expansion capital to ensure reliability and efficiency of operations. . .we are encouraged that the company is ensuring reliability of performance and expect the stock to react positively in 2021 to consistent results and growing cash balances."

Pretium Resources' recent drill results, undervalued exploration potential and 2021 plan are covered in a BMO Capital Markets report.
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Through the transaction, Pretium Resources improves its balance sheet and Seabridge Gold gains mineral resources.
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Andrew Mikitchook, BMO Capital Markets

"The closing of the $100M Snowfield sale will allow Pretium Resources Inc. to accelerate debt repayment in 2021. . .we reiterate our Outperform rating as the company continues to build an operating track record that should attract further rerating for it."

Pretium Resources reported a new discovery at the Hanging Glacier Zone, projecting significant near-mine exploration potential at its Brucejack Mine.
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Pretium Resources agrees to sell Snowfield to Seabridge Gold.
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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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More Expert Comments

Experts Following This Company

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Chen Lin What Is Chen Buying? What Is Chen Selling?
Kevin MacKenzie, Analyst – Canaccord Genuity
Andrew Mikitchook, Analyst – BMO Capital Markets
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Bhakti Pavani – Alliance Global Partners
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
Anita Soni, Analyst – CIBC World Markets

Company News

2/25/2021 – Pretivm Reports 2020 Operating and Financial Results; Achieves Guidance, Delivers Record High Free Cash Flow and Significantly Reduces Debt

2/25/2021 – Underground Exploration Drilling at Brucejack Extends Mineralization with High-Grade Intercepts

2/17/2021 – Pretivm Lifts COVID-19 Travel Restrictions at Brucejack

2/11/2021 – Pretivm Reports COVID-19 Outbreak at Brucejack, Temporarily Restricts Travel

2/7/2021 – Pretivm Provides COVID-19 Update at Brucejack

1/18/2021 – Pretivm Achieves Above Mid-Point of 2020 Production Guidance; Significantly Reduces Debt with a Discretionary Payment of $160M; and Provides 2021 Production, Cost and Free Cash Flow Outlook

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