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 Joe Reagor

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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headshot of Bhakti Pavani

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."

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Andrew Kaip, BMO Capital Markets

"We had the opportunity to visit Pretium Resources Inc.'s Brucejack mine, with company management, where operations at the site showed well. Pretium reiterated its confidence in being able to achieve 2019 guidance of 390–420 Koz gold. . .excess free cash flow is being prioritized to repay debt."

Recent drill results and their implications were addressed in a BMO Capital Markets report.
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headshot of Chen Lin

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."

headshot of Andrew Kaip

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."

headshot of Bhakti Pavani

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."

The changes are based on the company's first six quarters of commercial production there.
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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