Pretium Resources (TSX:PVG) (NYSE: PVG) reviewed 10-03-2020
Market Cap: $2.4 Billion (USD)
Share Price: $12.82 (USD)
Shares outstanding: 184,595,000
Cash and cash equivalents: $124.7 M (USD) as of 30 June 2020
Debt: $382.76 M (USD) as of 30 Jun 2020
Credit facility: Unknown
Current operations: Yes
Insider holdings: Low
Institutional: 234 holders at approx. 75% of float
Website: pretivm.com
Investor Presentations: https://www.pretivm.com/investors/presentations/default.aspx
President, CEO and Director: Jacques Perron
HQs in Vancouver, Canada
Operations: British Colombia, Canada. Has one mine in operation, Brucejack
Gold production was 173,307 oz. for the 1st half of 2020, at mill grade of 8.3 g/t and 96% recovery
Pretium’s Brucejack Mine produced 90,419 oz Au and 109,332 oz. Ag in 2Q 2020. The mine poured its one millionth ounce of gold in May 2020
Expected 2020 production is 325,000 – 365,000 oz Au
AISC is $911 (USD)
Free cash-flow is probably around $125M (USD) at $1500 gold
Good exploration potential
The Snowfield (100% owned) project is 21 km south of Barrick’s historic Eskay Creek mine in BC
Bottom line:
- Two large projects in the Golden Triangle of BC
Needs to address the balance sheet, and will need help to build out Snowfield, but Brucejack is clearly already a winner. Total est. 50 M oz Au & 200 M oz Ag reserves (both properties)