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Dec 21. 2017
Pretium Resources Inc. (TSX:PVG) (NYSE:PVG) (“Pretivm” or the “Company”) is pleased to announce that an application has been submitted to the BC Ministry of Energy , Mines and Petroleum Resources and the BC Ministry of Environment and Climate Change Strategy to increase the Brucejack Mine production rate to 3,800 tonnes per day.  The application submitted on December 20, 2017 reflects a production rate increase to an annual average of 1.387 million tonnes from 0.99 million tonnes (daily average of 3,800 tonnes from 2,700 tonnes). The approval process is expected to take approximately six to twelve months. Engineering is underway to assess the mill capacity upgrades required to increase the production rate. Based on preliminary engineering, the capital cost to increase the mill capacity is estimated to be less than US$25 million and will be updated when the engineering process is complete. Lyle Morgenthaler , B.A.Sc., P.Eng., Chief Mine Engineer, Pretium Resources Inc. is the Qualified ...
Dec 5. 2017
VANCOUVER, British Columbia, Dec. 05, 2017 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX:PVG) (NYSE:PVG) (“Pretivm” or the “Company”) is pleased to provide an update on its regional grass-roots exploration program on the Bowser Claim Group east of the Brucejack Mine. An extensive regional exploration campaign was initiated in 2015 to identify mineralized zones on the 1,250-square-kilometer, wholly-owned property similar to the Valley of the Kings and Eskay Creek deposits. A final data analysis is underway to refine high-priority targets for drilling in Spring 2018. The comprehensive regional exploration program has included the collection of over 11,000 samples, regional mapping, prospecting, airborne geophysics, ground geophysics, hyperspectral mapping, and data compilation.  To date, the program has resulted in the identification of three distinct areas that have the potential to host epithermal mineralization. Several gold and silver epithermal targets have been identified in the ...
Nov 10. 2017
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to report financial and operating results for the third quarter ended September 30, 2017 . In the news release all quoted figures are in USD$ unless otherwise noted. The Company uses the following non-IFRS measures: total cash costs, all-in sustaining costs ("AISC"), average realized gold price, average realized margin, adjusted earnings (loss), and adjusted earnings (loss) per basic share. Refer to the Company's Management Discussion and Analysis and the "Non-IFRS Financial Performance Measures" section at the end of this news release for an explanation and discussion of these non-IFRS measures. Third Quarter 2017 Overview Commercial production was declared at the Brucejack Mine at the onset of the third quarter and announced on July 3, 2017. Production totaled 82,203 ounces of gold and 83,233 ounces of silver. Mill feed grade averaged 10.5 grams per tonne gold. Gold recoveries averaged 96.5%. Process ...
Oct 11. 2017
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to report third quarter 2017 production results for the high-grade gold Brucejack Mine . Third Quarter Production Highlights 82,203 ounces of gold produced 96.49 % gold recovery rate 261,262 tonnes of ore milled 2,840 tonnes per day on average processed Brucejack Mine Ramp-up During the third quarter of 2017, the Brucejack Mine produced 82,203 ounces of gold. In July, at the onset of the quarter, mill feed was predominately from low-grade stockpiles and development muck and 16,882 ounces of gold were produced (see news release dated August 10, 2017). As the ramp-up progressed, the mill began processing stope ore exclusively and an additional 65,321 ounces of gold were produced in the last two months of the quarter. For the quarter, mill feed grade and gold recoveries averaged 10.52 grams per tonne gold and 96.49% respectively. Mill feed grade and gold recoveries averaged 12.36 grams per tonne gold and ...
Sep 21. 2017
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to report that the ramp-up continues to advance at the high-grade gold Brucejack Mine , and the mine is targeting steady state production for the end of 2017. With the grade ramping up and the mill now exclusively processing stope ore, production of doré and flotation concentrate has increased. As a result of the increased production and the concomitant proceeds from the sale of doré and flotation concentrate, the Company is expected to achieve positive working capital by the end of this quarter. All of the main operating units in the mill building are performing as expected, and the plant is consistently operating at nameplate capacity of 2,700 tonnes per day or better. Optimization of the gold recovery process is ongoing and the start-up issues encountered within the gold room have been addressed. The production of metallic slag has been eliminated. Gold recovery at the shaker table has significantly ...
Aug 10. 2017
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to report highlights from the second quarter of 2017 and commissioning updates for its high-grade gold Brucejack Mine . During commissioning in June and grade ramp-up in July a total of 25,392 ounces of gold were produced from low-grade stockpiles, development muck and, in July, the addition of stope ore. Gold sales have commenced. Significant Events On June 20, 2017 , we announced that the first gold was poured at the Brucejack Mine and that the flotation and gravity circuits were operational.

During commissioning, 8,510 ounces of gold were produced in June from low-grade stockpiles and development muck.

Working capital at June 30, 2017 was a deficit of US$12.9 million , which includes liabilities of US$12.4 million that are not expected to result in cash outflows during our short-term working capital deficit. We expect as gold production ramps up this deficit will reverse. ...
Jul 3. 2017
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company) is pleased to announce that commercial production has been achieved at the Brucejack Mine . Under the credit agreement among Pretivm and its lenders, the Commercial Production Date is defined as the first day of the calendar month immediately following the first calendar month during which the process plant processes ore at an average rate of 60% of one-twelfth of yearly nameplate capacity (985,500 tonnes per year or 2,700 tonnes per day). During the month of June, the process plant at Brucejack processed 70,805 tonnes of ore (87.4% of one-twelfth of yearly nameplate capacity) for an average of 2,360 tonnes per day. Higher grade ore has begun to be introduced to the process plant as work continues on optimizing recoveries in the gravity and flotation circuits. Lyle Morgenthaler , B.A.Sc., P.Eng., Chief Mine Engineer, Pretium Resources Inc. is the Qualified Person ("QP") responsible for Brucejack Mine development. ...
Jun 20. 2017
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company) is pleased to announce that the first gold has been poured at the Brucejack Mine and that the flotation and gravity circuits are now operational. In addition, gold-silver flotation concentrate is being produced and bagged, with initial shipments scheduled. To view a photo of the first doré bars being poured please see the following link: http://media3.marketwire.com/docs/pvg0620goldpour.jpg. Construction crews continue to be phased out as construction winds down and the operations team ramps up toward commercial production. About Pretivm Pretivm is ramping-up toward commercial production at the high-grade underground Brucejack gold mine in northern British Columbia . (SEDAR filings: Pretium Resources Inc.) Forward-Looking Statements This News Release contains "forward-looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities legislation. Statements ...
Jun 13. 2017
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") announces that the United States District Court for the Southern District of New York has dismissed the consolidated putative securities class action lawsuit brought against the Company and certain of its officers and directors in January 2014 , In re Pretium Resources Inc. Securities Litigation, Case No. 13-CV-7552. The Court ruled in favor of the Company and certain of its officers and directors on all claims and ordered the case closed. The Company is not aware of whether the plaintiffs will appeal the dismissal of the claims or will file any post-dismissal motions. About Pretivm Pretivm is commissioning the high-grade underground Brucejack gold mine in northern British Columbia with commercial production targeted for 2017. Forward-Looking Statements This News Release contains "forward-looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities ...
May 15. 2017
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") announces the voting results from its Annual General Meeting of Shareholders held on May 12, 2017 (the "Meeting"). A total of 121,908,040 (67.43%) of Pretivm's common shares were represented at the meeting. The eight nominees listed in the management proxy circular were elected as directors of Pretivm. Detailed results of the vote for the election of directors are set out below: Number of Directors Setting the number of Directors at eight Votes for % For Votes Against % Against 121,083,101 99.41% 721,718 0.59% Election of Directors Nominee Votes for % For Votes Withheld % Withheld Robert A. Quartermain 102,668,473 99.71% 300,424 0.29% C. Noel Dunn 102,695,684 99.73% 273,213 0.27% Joseph J. Ovsenek 102,737,813 99.78% 231,084 0.22% George Paspalas 102,693,846 99.73% 275,051 0.27% Peter Birkey 102,702,099 99.74% 266,798 0.26% Shaoyang Shen 102,688,276 99.73% 280,621 0.27% Nicole Adshead-Bell 102,695,220 ...
May 12. 2017
Pretium Resources Inc. (TSX:PVG) (NYSE:PVG) ("Pretivm" or the "Company") is pleased to report highlights from the first quarter of 2017 and that initial ore has been introduced to the mill at the high-grade gold Brucejack mine in northern British Columbia . Highlights On February 3, 2017 , we announced the acceleration of mine commissioning with dry commissioning scheduled to commence in March 2017 and wet commissioning scheduled to commence in early April 2017 . We also announced an updated forecast of the capital cost to complete construction of the Brucejack Mine , with capital cost including working capital estimated to be US$811.1 million .

On February 7, 2017 , we announced the offering of US$90 million of unsecured convertible senior subordinated notes, with an over-allotment option of US$10 million . On February 14, 2017 , we announced that the offering was completed for total gross proceeds of US$100 million which included the exercise of the full amount of the ...
May 1. 2017
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company) is pleased to report that wet commissioning is nearing completion at the Brucejack Mine . The commissioning process was initiated in April and the first ore has been introduced to the process in preparation for production. Construction of underground infrastructure, including the crusher, rock breaker, feeder, electrical substation, conveying system and transfer towers is substantially complete and commissioned. The conveyor gallery from the Valley of the Kings portal to the mill building has been installed and the conveyor has been commissioned. Nine hundred tonnes of ore has been introduced as part of the commissioning process and run through the crusher and conveyed to the surge bin in the mill building. Commissioning of the process plant and service systems is progressing. The variable frequency drives for the SAG and ball mills have been tested and commissioned, with electric motors bumped and drives coupled. ...
Mar 31. 2017
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company) is pleased to report that the Brucejack Mine transmission line is now energized and dry commissioning is underway. Wet commissioning remains on schedule to begin in early April with the first ore expected to be introduced to the mill in mid-April. The 57-kilometer long transmission line connecting the Brucejack Mine to the BC Hydro power grid was completed on March 21, 2017 and energized on March 31, 2017 following regulatory approval. The transmission line will provide low cost, clean energy to power the site including the mill and underground operations. Construction of underground infrastructure, including the crusher, conveyor, and transfer towers is nearing completion and the electrical substation has been energized. The underground conveying system has been completed with all belts installed. With the critical mechanical and electrical components in place, remaining roof decking and wall cladding will be ...
Mar 9. 2017
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to report the following highlights from the fourth quarter of 2016 and updates for its high-grade gold Brucejack mine in northern British Columbia . Highlights On December 15, 2016 , we announced an updated Mineral Reserve estimate for Brucejack's Valley of the Kings deposit, with an increase in Proven and Probable Mineral Reserves to 8.1 million ounces gold (15.6 million tonnes grading 16.1 grams per tonne gold). The Proven Mineral Reserves in the Valley of the Kings increased to 1.6 million ounces gold (3.3 million tonnes grading 14.5 grams per tonne gold) which is sufficient for the first three years of mine life. On December 15, 2016 , we also announced Brucejack development continued to progress on schedule, and that effective January 1, 2017 Robert Quartermain would assume the role of Executive Chair and Joseph Ovsenek would assume the role of President and Chief Executive Officer. Working capital ...
Feb 14. 2017
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") announced today the closing of its previously announced offering of US$100 million aggregate principal amount of 2.25% unsecured convertible senior subordinated notes due 2022 (the "Notes"), which includes the exercise of the full amount of the over-allotment option of US$10 million aggregate principal amount of Notes. The initial conversion rate for the Notes is 62.5000 common shares per US$1,000 principal amount of Notes, equivalent to an initial conversion price of US$16.00 per common share. The Company intends to use the net proceeds of the offering for working capital during start-up of the Brucejack mine and for general corporate purposes. The Notes, and the common shares into which the Notes are convertible (the "Shares"), have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or qualified by a prospectus in Canada. The Notes and the Shares may not ...
Feb 8. 2017
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") announced today that it has priced its previously announced offering of unsecured convertible senior subordinated notes due 2022 (the "Notes"). The Company is offering US$90 million aggregate principal amount of Notes (or US$100 million aggregate principal amount if the over-allotment option is exercised in full). The Notes will be issued at par value. The Company intends to use the net proceeds of the offering for working capital during start-up of the Brucejack mine and for general corporate purposes. The Notes will bear cash interest semi-annually at a rate of 2.25% per annum. The initial conversion rate for the Notes will be 62.5000 common shares per US$1,000 principal amount of Notes, equivalent to an initial conversion price of US$16.00 per common share. The initial conversion rate represents a premium of approximately 32.56% relative to today's closing sale price of Pretivm's common shares and is subject to ...
Feb 7. 2017
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") announced today that it is offering US$90,000,000 aggregate principal amount of unsecured convertible senior subordinated notes due 2022 (the "Notes") pursuant to private placement exemptions. The Company intends to use the net proceeds of the offering for working capital during start-up of the Brucejack mine and for general corporate purposes. Pretivm expects to grant the initial purchasers of the Notes an option to purchase up to an additional US$10,000,000 aggregate principal amount of Notes at any time on or before the 30th day after the initial closing of the offering. The final terms of the offering will be determined by Pretivm and the initial purchasers. The Notes will bear cash interest semi-annually at a fixed rate and be convertible by holders into Pretivm shares at an initial conversion price higher than the closing share price on the day the offering is priced. Pretivm currently expects that the Notes ...
Feb 3. 2017
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company) is pleased to report the acceleration of commissioning of the Brucejack Mine with dry commissioning now scheduled to commence in March and wet commissioning scheduled to commence in early April. In addition, an updated forecast of the capital cost to complete construction of the Brucejack Mine has been completed. The capital cost, including working capital, is now estimated to be US$811.1 million , an increase of 16% from the February 2016 capital cost estimate. Commissioning Construction has advanced ahead of schedule and dry commissioning of the mill is now planned for March with wet commissioning expected in early April. (Commissioning was previously planned for mid-2017.) Over 110,000 tonnes of ore has been stockpiled on surface and underground in preparation for mill commissioning. Underground development is well advanced with eleven stopes crosscut on two levels in preparation for long-hole drilling and cross ...