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:

Adam Graf, B. Riley FBR Inc.

"We expect Pretium Resources Inc., a value-oriented gold name, to outperform. . .we believe the company offers potential upside to valuation at current metal prices. . .EBITDA growth at Pretium will likely be driven in part by mine ramp-up or expansion."

Adam Graf, B. Riley FBR Inc.

"In our view, Pretium Resources Inc. is the most attractive small cap gold producer from a takeout perspective. The company is effectively a single asset company, in a low risk jurisdiction, with high gold grades and a low cost structure."

PriceTarget Research

"Pretium Resources Inc.'s future returns on capital are forecasted to exceed the cost of capital; accordingly, the company is expected to continue to be a major value builder. It has a current value trend rating of A (highest rating). . .Pretium's stock is selling well below targeted value."

headshot of Bhakti Pavani

Bhakti Pavani, Alliance Global Partners

"Pretium Resources Inc. reported Q3/19 revenue and earnings per share of $132.7M and $0.03. . .the company sold 90,713 oz gold and 108,250 oz silver. . .Pretium plans to report an updated mineral reserve and resource estimate, the life of mine plan, cost estimates, etc. in Q1/20."

BMO Capital Markets

"Pretium Resources Inc. has had a strong start to the year, having paid down $65M of debt during H1/19. With a move to higher metal prices, we expect strong free cash flow will persist and that the company is likely to continue to prioritize debt repayment."

Key points from the miner's company update at the Denver Gold Forum are summarized in a CIBC report.
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The new arrangement will go into effect at the end of this month.
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Anita Soni, CIBC World Markets

"Pretium Resources Inc. President and CEO Joseph Ovsenek presented at the 2019 Denver Gold Forum, highlighting the company's progress on ramp-up and longitudinal longhole stoping development. Pretium is on track to achieve 3.8 Ktpd by late Q4/19, its exploration upside and target to deliver a new life of mine plan in early 2020; we have raised our price target to CA$18 from CA$15.50."

Key points management made on a recent investor tour are presented in a BMO Capital Markets report.
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More Expert Comments

Experts Following This Company

Adam Graf – B. Riley FBR Inc.
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

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