Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Pretium Resources Inc    PVG   CA74139C1023

PRETIUM RESOURCES INC

(PVG)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Pretium Resources : gold output at Brucejack falls short of estimates

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/12/2019 | 04:53am EDT

Canadian gold producer Pretium Resources (TSX, NYSE: PVG) said output at its Brucejack underground mine in British Columbia fell just shy of fourth quarter and full-year production guidance.

In the last three months of 2018, the Vancouver miner generated 96,342 ounces of gold, resulting in the mine producing nearly 189,000 ounces of the precious metal for the second half of the year, or 95% of Pretiums expected 200,000 ounces.

For the full year, gold production from Brucejack totalled 376,000 ounces or 97% of production guidance of 387,000 ounces.

President and CEO Joseph Ovsenek said the company`s grade control program would continue to be refined over the coming quarters to improve short-term grade estimation and predictability.

"As we continue to generate significant cash flow, we will build on what we have learned mining the gold mineralization at the Valley of the Kings over the first six quarters of production to further refine our grade control programme and mining methods in order to reduce dilution and optimize grade to the mill," he said.

Commercial production at the mine started in July 2017, with ramp-up extending into the first half of 2018. Brucejack has been operating at full tilt since July 2018.

In 2016, the operation was named the worlds highest grade rookie gold mine, ranked according to gold concentration in reserves, based on available data.

Last month, Pretium received amended permits that allow it to increase production rate at Brucejack. The mill upgrades are expected to cost less than C$25 million ($19 million).

The company will release full results on February 14.

(c) The Observer 2019 Observer Media Ltd. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PRETIUM RESOURCES INC
03/22PRETIUM RESOURCES INC. : - Independent Counsel Concludes Pretivm-Initiated Inves..
AQ
03/22PRETIUM RESOURCES : Independent Counsel Concludes Pretivm-Initiated Investigatio..
AQ
03/21PRETIUM RESOURCES : Independent Counsel Concludes Pretivm-Initiated Investigatio..
AQ
03/19AURAMEX RESOURCE COR : Options Additional Golden Triangle Property, Silver Crown
AQ
03/04Toronto Stock Exchange falls 0.19 percent
RE
02/15PRETIUM RESOURCES : 4Q Earnings Snapshot
AQ
02/14Pretivm Reports 2018 Results and 2019 Outlook
GL
02/04Teuton Resources Corp. - Geological Interpretation Outlines New, Substantial ..
AQ
01/23TSX gains as Poloz assures economy in good shape
RE
01/12PRETIUM RESOURCES : gold output at Brucejack falls short of estimates
AQ
More news
Financials ($)
Sales 2019 521 M
EBIT 2019 152 M
Net income 2019 126 M
Debt 2019 548 M
Yield 2019 -
P/E ratio 2019 12,38
P/E ratio 2020 10,47
EV / Sales 2019 4,07x
EV / Sales 2020 3,06x
Capitalization 1 574 M
Chart PRETIUM RESOURCES INC
Duration : Period :
Pretium Resources Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PRETIUM RESOURCES INC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 11,5 $
Spread / Average Target 34%
EPS Revisions
Managers
NameTitle
Joseph J. Ovsenek President, Chief Executive Officer & Director
Robert Allan Quartermain Executive Chairman
David William Prins Vice President-Operations
Tom S. Q. Yip Chief Financial Officer & Executive Vice President
George N. Paspalas Lead Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
PRETIUM RESOURCES INC-0.86%1 574
BHP GROUP LTD9.87%127 892
BHP GROUP PLC6.58%127 892
RIO TINTO13.43%95 557
RIO TINTO LIMITED20.01%95 557
ANGLO AMERICAN12.27%36 414