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:

The Canadian company has a roughly 70,000-meter drill program planned for 2019.
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Bhakti Pavani, Alliance Global Partners (11/12/18)
"With the cash balance of $190M at Sept. 30, 2018 and the expected operating cash flow of $64M in Q4/18, we believe Pretium Resources Inc. remains on track and should have sufficient liquidity to buy back the stream for the acquisition price of $237M. . .the management team further noted that they expect to receive the updated mine permit for expanding the Brucejack mine's production from 2.7 Ktpd to 3.8 Ktpd by 2018E."

Joe Reagor, ROTH Capital Partners (11/12/18)
"Pretium Resources Inc.'s Q3/18 results were better than expected as the company continues to show improvement at Brucejack. Additionally, we believe it is poised for a strong finish to the year; thus, we are increasing our price target from $20 to $21 and reiterating our Buy rating."

Andrew Kaip, BMO Capital Markets (11/9/18)
"Pretium Resources Inc.'s headline Q3/18 earnings were $0.06. After adjustments, adjusted earnings per share came in at $0.14, above our estimate and consensus for $0.09; the beat versus our estimate was primarily due to better costs and lower taxes."

Bhakti Pavani, Alliance Global Partners (11/1/18)
"We are initiating coverage on Pretium Resources Inc. with a Buy rating and price target of $11. . .with an average reserve grade of ~14.5 g/t Au, the Brucejack mine is not only one of the high grade gold mines, but also the nature of mineralization is very unique. . .the gold-carrying veins in the mine move in all directions and vary in diameter (thickness), unlike veins in other traditional mines that move along a particular path and are of a certain thickness (width)."

Andrew Kaip, BMO Capital Markets (10/9/18)
"Pretium Resources Inc.'s Q3/18 cash flow was well above our expectations; the company indicated it added $48M to cash on hand during Q3/18, finishing with over $190M as of Sept. 30. Following the announcement last week of a new debt facility, the strong cash position at quarter-end and our production expectations for Q4/18, we see Pretium as well-positioned to refinance its credit facility and to repurchase its precious metals stream."

Joe Reagor, ROTH Capital Partners (10/9/18)
"Pretium Resources Inc.'s Q3/18 production of 92,641 oz gold was slightly above our 91,012 oz estimate. The slightly higher than estimated production is attributed to slightly higher than anticipated average grade of 12.4 g/t gold compared to our estimate of 12 g/t. . .all in, we view Q3/18 as a good quarter for the company."

A BMO Capital Markets report relayed this company's recent news and updates.
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The company also reported that it has achieved steady-state production at its mine.
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Lobo Tiggre
Lobo Tiggre of Independent Speculator discusses an attack piece by short sellers against Pretium Resources.
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A report provides ROTH Capital Partners' new estimates for gold, silver and other metals throughout 2018 and net effect on the financial projections of this miner.
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A ROTH Capital Partners report interpreted this company's quarterly results.
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Drilling was completed on two holes at a site in British Columbia's Golden Triangle.
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More Expert Comments

Experts Following This Company

David Haughton – CIBC World Markets
Andrew Kaip, Analyst – BMO Capital Markets
Rick Mills Ahead of the Herd
Bhakti Pavani – Alliance Global Partners
Joe Reagor, Analyst – ROTH Capital Partners
Lawrence Roulston – WestBay Capital Advisors
Lobo Tiggre, Founder and CEO – Louis James LLC
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