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Dec 2. 2019
VANCOUVER, British Columbia, Dec. 02, 2019 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announces that it has paid the final US$20 million tranche under the Offtake Repurchase Agreement (see news release dated September 16, 2019). With the 100% repurchase of the Offtake Agreement, all components of the 2015 construction financing package are now extinguished. About Pretivm Pretivm is a low-cost intermediate gold producer with the high-grade underground Brucejack Mine in northern British Columbia. For further information contact: Joseph Ovsenek                                      President & CEO Troy Shultz Manager, Investor Relations & Corporate Communications Pretium Resources Inc.
Suite 2300, Four Bentall Centre, 1055 Dunsmuir Street
PO Box 49334 Vancouver, BC V7X 1L4
(604) 558-1784
invest@pretivm.com (SEDAR filings: ...
Nov 14. 2019
VANCOUVER, British Columbia, Nov. 14, 2019 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) is pleased to announce that its Board of Directors  (the “Board”) has appointed Richard O’Brien and Jeane Hull as independent directors of the Company. Mr. O’Brien will assume the role of Board Chair following the retirement of Robert Quartermain, Executive Chairman, on December 31, 2019. Mr. O’Brien previously served as President and CEO of Newmont Mining Corporation and President and CEO of Boart Longyear Limited. During his career, Mr. O’Brien has also served as a CFO at Newmont as well as at several power and utility companies. Mr. O’Brien serves on the Boards of Xcel Energy Inc. and Vulcan Materials Company. Ms. Hull previously held the positions of Chief Operating Officer for Rio Tinto plc at the Kennecott Utah Copper Mine and Executive Vice President and Chief Technical Officer of Peabody Energy Corporation.  Ms. Hull is a Registered ...
Oct 30. 2019
Ninth Consecutive Quarter of Positive Earnings; Record $77.8 Million Operating Cash Flow; Adjusts Guidance VANCOUVER, British Columbia, Oct. 30, 2019 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) reports operating and financial results for the third quarter 2019, Pretivm’s 9th consecutive quarter of positive adjusted earnings and record operating cash flow. All amounts are in US dollars unless otherwise noted. This release should be read in conjunction with the Company’s Financial Statements and Management’s Discussion and Analysis (“MD&A”) for the three and nine months ended September 30, 2019 and 2018, available on the Company’s website and on SEDAR and EDGAR. Third Quarter 2019 Operating Summary Production of 88,227 ounces of gold. Mill feed grade of 9.1 grams per tonne gold. Gold recovery rate of 97.0%. Ore milled 309,754 tonnes. Daily average ore milled 3,367 tonnes per day. Third Quarter 2019 Financial Summary Revenue of $132.7 million ...
Oct 9. 2019
VANCOUVER, British Columbia, Oct. 09, 2019 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) will release third quarter 2019 operational and financial results after market close on Wednesday, October 30 th , 2019. The webcast and conference call to discuss Q3 2019 will take place Thursday, October 31 st , 2019 at 8:00 am PT (11:00 am ET) and can be accessed at www.pretivm.com . Webcast and conference call details:   Thursday, October 31, 2019 at 8:00 am PT (11:00 am ET)   Webcast www.pretivm.com   Toll Free (North America) 1-800-319-4610   International and Vancouver 604-638-5340 About Pretivm Pretivm is a low-cost intermediate gold producer with the high-grade gold underground Brucejack Mine. For further information contact: Joseph Ovsenek Troy Shultz President & CEO Manager, Investor Relations &   Corporate Communications Pretium Resources Inc. Suite 2300, Four Bentall Centre, 1055 Dunsmuir Street PO Box 49334 ...
Sep 16. 2019
VANCOUVER, British Columbia, Sept. 16, 2019 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) has reached an agreement (the “Offtake Repurchase Agreement”) to repurchase 100% of its gold offtake (the “Offtake Agreement”), on September 30, 2019. With the repurchase of the Offtake Agreement, all components of the 2015 construction financing package will be extinguished. “Brucejack’s robust cash flow has enabled us to pay down the construction financing package quickly.  In 2018, the first year after the start of commercial production, we repurchased 100% of the precious metals stream for $237 million and refinanced the construction credit facility with a $480 million bank debt facility. Now, we are repurchasing 100% of the offtake agreement for roughly $80 million.  With the construction financing package cleaned up, we have set our sights on paying off the bank debt facility as rapidly as possible,” said Joseph Ovsenek, President and CEO of ...
Aug 1. 2019
Brucejack Generates $113 Million in Revenue, $41 Million in Operating Cash Flow, Reduces Debt by $45 Million and Re-affirms 2019 Guidance VANCOUVER, British Columbia, Aug. 01, 2019 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) reports operating and financial results for the second quarter 2019, Pretivm’s eighth consecutive quarter of positive adjusted earnings. All amounts are in US dollars unless otherwise noted. This release should be read in conjunction with the Company’s Financial Statements and Management’s Discussion and Analysis (“MD&A”) for the three and six months ended June 30, 2019 and 2018, available on the Company’s website and on SEDAR and EDGAR. Second Quarter 2019 Operating Summary Production of 90,761 ounces of gold, on track to achieve 2019 annual guidance. Mill feed grade of 8.9 grams per tonne gold. Gold recovery rate of 96.9%. Ore milled 324,171 tonnes. Daily average ore milled 3,562 tonnes per day. Second Quarter 2019 ...
Jul 9. 2019
VANCOUVER, British Columbia, July 09, 2019 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) reports that initial observations from the third hole drilled as part of the 2019 deep underground exploration program continue to indicate that Brucejack-style mineralization extends at depth below the Valley of the Kings. Additionally, the mill modifications and upgrades required to sustain processing at the increased production rate of 3,800 tonnes per day are progressing on schedule. The current analyst and investor mine tour presentation is available here on our website. Testing the Continuation of Brucejack-style Mineralization at Depth To follow-up on the successful results of the 2019 deep underground exploration program carried out earlier this year (see news release dated June 5, 2019), a third deep hole, VU-2019, was added to the program to test both the extent of Brucejack-style mineralization and the porphyry potential directly below the Valley ...
Jun 5. 2019
VANCOUVER, British Columbia, June 05, 2019 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) reports that its 2019 deep underground exploration drilling program confirmed expectations for Brucejack-style mineralization and proximity to porphyry-style mineralization at depth and to the east of the Brucejack Mine, with 5.56 grams of gold per tonne intersected over 107.45 meters. ( See Table 1 below for assays. ) Two deep holes totaling more than 3,500 meters were drilled toward the southeast and northeast under the Flow Dome Zone, an area approximately 1,000 meters east of the Brucejack Mine where drilling in 2015 intersected Valley of the Kings-style high-grade gold (see news release dated October 8, 2015). Holes VU-1785 and VU-1787, both of which encountered Brucejack-style, gold-silver bearing quartz carbonate stockwork, were drilled from the eastern edge of the 1110-meter level in the Valley of the Kings underground development.  Continuation ...
May 17. 2019
VANCOUVER, British Columbia, May 17, 2019 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announces that, further to its news release dated April 4, 2019, announcing an updated Mineral Reserve and Mineral Resource and Life of Mine Plan for the Brucejack Mine which highlight the continued robust economics of the low-cost, long-life operation, the Company filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) technical report entitled “Technical Report on the Brucejack Gold Mine, Northwest British Columbia”, with an effective date of April 4, 2019 (the “Technical Report”). The Technical Report is available under the Company’s profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov , and here on the Company’s website . The Technical Report was prepared by Ivor W.O. Jones, M.Sc., P.Geo., FAusIMM, CP(Geo) of Ivor Jones Pty Ltd., Mark Horan, P.Eng. of Tetra Tech Canada Inc. (“Tetra Tech”), Jianhui (John) ...
May 2. 2019
Brucejack Generates $40 Million in Cash, Reduces Debt by $20 Million and Re-affirms 2019 Guidance VANCOUVER, British Columbia, May 02, 2019 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) reports operating and financial results for the first quarter 2019, Pretivm’s seventh consecutive quarter of positive adjusted earnings. All amounts are in US dollars unless otherwise noted. This release should be read in conjunction with the Company’s Financial Statements and Management’s Discussion and Analysis (“MD&A”) available on the Company’s website and on SEDAR and EDGAR. First Quarter 2019 Operating Summary Production of 79,180 ounces of gold. Mill feed grade of 8.7 grams per tonne gold. Gold recovery rate of 96.8%. Ore milled 295,122 tonnes. Daily average ore milled 3,279 tonnes per day. First Quarter 2019 Financial Summary Revenue of $103.1 million on 81,434 ounces of gold sold. Total cost of sales $74.0 million or $908 per ounce of gold sold ...
May 2. 2019
VANCOUVER, British Columbia, May 02, 2019 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) today announced that Executive Chairman and founding shareholder, Robert Quartermain, will be retiring from the Company on December 31, 2019.  Pretivm’s Board of Directors has undertaken a succession plan to ensure a smooth transition and will elect a new Chair prior to year-end.  It has also initiated a search process to identify a new director.
Dr. Quartermain indicated that in making the announcement at the Company’s Annual General Meeting today, he wanted to give the Board ample time to plan the transition prior to his retirement. “I have had the great pleasure over the past nine years to work with the highly professional team at Pretivm in developing the Brucejack project into Canada’s newest, profitable, high-grade gold mine.  Brucejack has evolved as envisaged when Pretivm was launched in 2010, and as a major shareholder, I have full confidence ...
Apr 4. 2019
Brucejack expected to produce an average of over 525,000 ounces of gold annually over first 10 years at all-in sustaining cost of $535 per ounce VANCOUVER, British Columbia, April 04, 2019 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announces an updated Mineral Reserve (the “2019 Mineral Reserve”) and Mineral Resource (the “2019 Mineral Resource”) and Life of Mine Plan (collectively, the “2019 Updates”) for the Brucejack Mine (“Brucejack”), which highlight the continued robust economics of the low-cost, long-life operation. The 2019 Updates will be detailed in a National Instrument 43-101 Technical Report (the “2019 Report”) prepared by Tetra Tech. The 2019 Report updates the operating parameters contemplated in the Brucejack Feasibility Study entitled “Feasibility Study and Technical Report Update on the Brucejack Project, Stewart, BC” with an effective date of June 19, 2014 (the “2014 Report”) before the mine was constructed and operating, ...
Apr 3. 2019
2019 Guidance Re-affirmed VANCOUVER, British Columbia, April 03, 2019 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) reports that its planned ramp-up to 3,800 tonnes per day production rate at its Brucejack Mine, and its underground exploration drilling program, are both progressing on schedule. The company also re-affirms its 2019 production guidance. "Our goal is to provide long-term cash generation and profitability at Brucejack,” said Joseph Ovsenek, President & CEO of Pretivm. “Brucejack has proven itself as a low cost, highly profitable mine. Now with reserve expansion drilling underway, we are focused on demonstrating the potential for Brucejack to be a top-tier gold producer well into the future.” 2019 Production Guidance Maintained The Company expects to achieve its 2019 gold production guidance of 390,000 ounces to 420,000 ounces and the planned production ramp-up from 2,700 tonnes per day to 3,800 tonnes per day over the course of the ...
Mar 21. 2019
VANCOUVER, British Columbia, March 21, 2019 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) reports that independent legal counsel and a consultant retained to investigate recent trading in its shares have reached two clear, main conclusions.  First, the investigation found no evidence of an information leak by the Company. Second, there is evidence of instances of market manipulation in trading of Pretivm shares by an outside party or parties.  The findings of the investigation, summarized below, have been turned over to the US and Canadian securities regulators for possible further action relating to the evidence of market manipulation. Pretivm initiated the external investigation into unusual trading of its shares Pretivm engaged independent legal counsel to examine unusual trading activity in its shares leading up to its news release dated January 9, 2019. The investigation comprised an examination of a) Pretivm’s internal and external ...
Feb 14. 2019
Brucejack Generates Cash from Operations of $197 Million in 2018 VANCOUVER, British Columbia, Feb. 14, 2019 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) reports financial and operating results for the fourth quarter and year-end 2018 and outlook for 2019. All amounts are in US dollars unless otherwise noted. This release should be read in conjunction with the Company’s Financial Statements and Management’s Discussion and Analysis (“MD&A”) available on the Company’s website and on SEDAR and EDGAR. “In our first full year of production we generated almost $200 million in cash from operations, producing 376,012 ounces of gold with an average realized cash margin of $608 per ounce of gold sold,” said Joseph Ovsenek, President & CEO of Pretivm. “Our All-In Sustaining Cost for the second half of 2018 was $745, which was well within our financial guidance of $710 to $770 per ounce of gold sold. With fourth quarter adjusted earnings of over $20 ...
Jan 10. 2019
VANCOUVER, British Columbia, Jan. 10, 2019 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) reports that it has retained independent legal counsel to initiate an investigation of unusual trading activity in its shares.
About Pretivm Pretivm is a low-cost intermediate gold producer with the high-grade underground Brucejack Mine in northern British Columbia. For further information contact:                       Joseph Ovsenek    Troy Shultz         President & CEO  Manager, Investor Relations & Corporate Communications                     Pretium Resources Inc. Suite 2300, Four Bentall Centre, 1055 Dunsmuir Street PO Box 49334 Vancouver, BC V7X 1L4 (604) 558-1784 invest@pretivm.com (SEDAR filings: Pretium Resources Inc.)
Source: Pretium Resources Inc ...
Jan 9. 2019
VANCOUVER, British Columbia, Jan. 09, 2019 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) reports full year and fourth quarter 2018 gold production results and summary for its underground Brucejack Mine. Full Year 2018 Production Summary Fourth Quarter 2018 Production Summary 376,012 ounces of gold produced (achieving 97% of guidance of 387,000 ounces for the full year) 96,342 ounces of gold produced (achieving 95% of guidance of 200,000 ounces for the second half of 2018) 11.9 grams per tonne gold mill feed grade (12.9 g/t for Q2-Q4 with grade control program implemented) 11.5 grams per tonne gold mill feed grade 97.3% gold recovery rate 97.0% gold recovery rate 1,005,603 tonnes of ore milled 267,048 tonnes of ore milled 2,755 tonnes per day ore milled 2,903 tonnes per day ore milled Fourth Quarter 2018 Company Highlights Repurchased 100% of the construction financing 8% precious metals stream for US$237 million Closed US$480 million bank debt ...