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:

Recent drill results and their implications were addressed in a BMO Capital Markets report.
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Chen Lin, What Is Chen Buying? What Is Chen Selling?

"Pretium Resources Inc. is generating good cash here and has huge leverage to the gold price. It was a short target for a few years, and we could have a nice short squeeze here; I am looking for a breakout into double digits."

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Andrew Kaip, BMO Capital Markets

"Results from two drill holes targeting the Flow Dome zone east of Pretium Resources Inc.'s Valley of the Kings (VOK) deposit at the Brucejack mine extend the envelope of gold mineralization 240m to the east. More drilling will be required to substantiate grade, but given the validation of continuity of VOK-style mineralization to the east, we ask whether the company should accelerate exploration to begin outlining the eastern resource potential of the VOK deposit."

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Bhakti Pavani, Alliance Global Partners

"Pretium Resources Inc. reported Q1/19 revenue/earnings per share of $103M/$0.02 versus our estimate of $101.8M/$0.08. The revenue was slightly above our estimate and was primarily driven by higher gold production (79,180 oz actual versus 78,324 estimated) and sales than we had estimated."

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Joe Reagor, ROTH Capital Partners

"On May 2, 2019, Pretium Resources Inc. reported its financial results for Q1/19; for the most part, results were above our expectations. Thus, we view Q1/19 as positive for the company and believe it will demonstrate steady growth throughout the year; as a result, we are reiterating our Buy rating."

Anita Soni, CIBC World Markets

"Pretium Resources Inc. reported Q1/19 headline earnings per share (EPS) of $0.02, adjusted EPS of $0.09 versus consensus of $0.07 and our estimate at $0.01, with the beat driven by higher sales, lower costs and depreciation versus our forecast, plus adjustments. . .the company announced that executive chairman Robert Quartermain will retire on Dec. 31, 2019. A replacement will be named prior to year-end."

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Andrew Kaip, BMO Capital Markets

"Pretium Resources Inc. beat our Q1/19 production expectations and solidly beat our and consensus' earnings per share estimates. Shares of the company should do well, and it is off to a good start to meet 2019 guidance."

The changes are based on the company's first six quarters of commercial production there.
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A Raymond James report relayed how this royalty and streaming firm intends to use the proceeds.
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A BMO Capital Markets report presented the terms of the transaction and related financing.
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More Expert Comments

Experts Following This Company

The Critical Investor – The Critical Investor
David Haughton – CIBC World Markets
headshot of Andrew Kaip
Andrew Kaip, Analyst – BMO Capital Markets
headshot of Chen Lin
Chen Lin What Is Chen Buying? What Is Chen Selling?
headshot of Bhakti Pavani
Bhakti Pavani – Alliance Global Partners
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
Anita Soni, Analyst – CIBC World Markets
headshot of Lobo Tiggre
Lobo Tiggre, Founder and CEO – Louis James LLC

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