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Jul 6. 2020
VANCOUVER, British Columbia, July 06, 2020 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Company”) announces that Patrick Godin will be joining the Company as Vice President and Chief Operating Officer effective August 1, 2020. Mr. Godin will succeed David Prins, Pretivm’s Vice President, Operations.
Mr. Godin brings more than 25 years of mining industry experience to the Pretivm team. Most recently, Mr. Godin was President, Chief Executive Officer and Director of Stornoway Diamond Corporation, from January 2019 until June 2020. He joined Stornoway Diamond in May 2010 as Vice President and Chief Operating Officer and was directly responsible for the construction and the operations of the Renard Diamond Mine, Québec’s first diamond mine. Prior to joining Stornoway Diamond, Mr. Godin acted as Vice President, Project Development for GMining Services Inc. (2008-2010), Vice-President of Operations for Canadian Royalties Inc. (2007-2008), and President ...
Jun 22. 2020
VANCOUVER, British Columbia, June 22, 2020 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Company”) announces that it has accepted the resignation of David Prins, Vice President, Operations, who will be departing the Company on August 31, 2020 or such other date as may be mutually agreed. The Company is initiating a search for a new leader for its operations and Mr. Prins will continue to assist in his current role until his departure in order to ensure an orderly transition. Mr. Prins was appointed Vice President, Operations in 2018. He joined Pretivm in 2016 as Project Director responsible for completing the construction of the Brucejack Mine and transmission line. “Dave’s leadership has been instrumental in the success of the Brucejack Mine, and the Company in general,” said Jacques Perron, President and Chief Executive Officer of Pretivm. “We thank Dave for leading the teams that successfully and safely built and ramped up Brucejack’s operations. We ...
Jun 16. 2020
VANCOUVER, British Columbia, June 16, 2020 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Company”) announces that it has filed a final short form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada, and a corresponding shelf registration statement on Form F-10 with the U.S. Securities and Exchange Commission under the U.S. Securities Act of 1933, as amended. The base shelf prospectus, together with the corresponding shelf registration statement on Form F-10, will allow Pretivm to offer up to US$600,000,000 of common shares, debt securities, warrants, units, subscription receipts and share purchase contracts from time to time over the 25-month period after Canadian securities regulatory authorities have issued a receipt for the final short form base shelf prospectus. A copy of the final short form base shelf prospectus may be obtained from the Company by emailing invest@pretivm.com or directing a ...
Jun 5. 2020
VANCOUVER, British Columbia, June 05, 2020 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Company”) announces that it has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada. The base shelf prospectus, together with a corresponding shelf registration statement on Form F-10 to be filed with the U.S. Securities and Exchange Commission, when made final or effective, will allow Pretivm to offer up to US$600,000,000 of common shares, debt securities, warrants, units, subscription receipts and share purchase contracts from time to time over the 25-month period after Canadian securities regulatory authorities have issued a receipt for the final short form base shelf prospectus. This news release does not constitute an offer of any securities for sale. About Pretivm Pretivm is an intermediate gold producer with the high-grade gold underground Brucejack Mine. For further ...
Apr 30. 2020
Gold production: 82,888 ounces AISC1: $996 per ounce of gold sold Free cash flow1: $41.8 million End of quarter cash balance: $40.6 million; subsequently drew down $16.0 million from revolving portion of the Loan Facility to improve liquidity Brucejack Mine operations continue through the COVID-19 pandemic Remain on track to achieve 2020 gold production guidance, AISC guidance and free cash flow forecast 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 months ended March 31, 2020 and 2019 available on the Company’s website and on SEDAR and EDGAR. VANCOUVER, British Columbia, April 30, 2020 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announces operating and financial results for the first quarter 2020 (See “Key Operating Metrics” and “Key Financial Metrics” tables below). Impact of COVID-19 ...
Apr 27. 2020
VANCOUVER, British Columbia, April 27, 2020 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announced today that the Board has appointed Jacques Perron as President and Chief Executive Officer, effective April 27, 2020. Mr. Perron’s career of more than 35 years in the global mining industry has included extensive technical and operational experience. Most recently Mr. Perron was President, Chief Executive Officer and Director of Thompson Creek Metals Company Inc. until it was acquired by Centerra Gold Inc in 2016. He joined Thompson Creek as Chief Executive Officer in 2013 and took on the additional role of President in 2014. Among his previous senior executive positions in mining, he was President and CEO of St. Andrew Goldfields (2007-2013), Senior Vice President of Iamgold (2006-2007) and Senior Vice President Canada of Cambior Inc. (2004-2006). Mr. Perron has been a director of the Canadian Mineral Industry Education Foundation since 2007. He ...
Apr 23. 2020
VANCOUVER, British Columbia, April 23, 2020 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announces that, further to its news release dated March 9, 2020, 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 long-life underground 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 March 9, 2020 (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 on the Company’s website at www.pretivm.com . The Technical Report was prepared by Ivor W.O. Jones, M.Sc., P.Geo., FAusIMM of Ivor Jones Pty Ltd., Maureen Phifer, B.Sc., P.Eng. of Tetra Tech Canada Inc. (“Tetra Tech”), ...
Apr 2. 2020
VANCOUVER, British Columbia, April 02, 2020 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) remains committed to the safety and health of our workforce and neighbouring communities in northwest British Columbia. The Brucejack Mine continues to operate under the strict guidance and directives of federal, provincial and regional health authorities. There are no confirmed cases of COVID-19 at Brucejack. Brucejack Mine Operations Brucejack Mine Personnel A significant number of steps have been taken to protect the site workforce and limit the risk of COVID-19 exposure for crews, and in turn their families and communities.  In order to minimize the number of individuals on site at Brucejack, only personnel necessary to support gold production will continue to work at the mine.  Consequently, all capital projects and expansion drilling have been placed on hold and crews have been demobilized. In order to decrease the frequency of crew changes ...
Mar 26. 2020
Pretium is following COVID-19 infection prevention guidance and directives as updated by federal, regional and provincial authorities in respect of general and minesite-specific protocols to operate the Brucejack Mine.  The camp environments are reassessed daily to minimize the possibilities for transmission of infection. Recent guidance has been provided by Ministry of Energy, Mines and Petroleum Resources (EMPR) Guidance to mining and smelting operations during COVID‐19 (March 23, 2020); and Northern Health COVID-19: Interim Guidelines for Industrial Camps (draft) (March 25, 2020). The following protocols are in effect at Brucejack Mine: Restricted Mine and Camps Access The Brucejack Mine is off-limits to anyone who has travelled anywhere outside of Canada; mandatory self-isolation for recent travel is in effect. Brucejack minesite and camps are restricted to only those personnel required to ensure the essential operations of the mine. A list of personnel working onsite is ...
Mar 14. 2020
Pretium has been responding to the rapidly-evolving novel coronavirus (COVID-19) crisis to protect our workforce and the local communities in the northwest region of British Columbia where the Brucejack Mine is located. Pretium is following guidance and directives as updated by federal, regional and provincial health authorities in respect of general and minesite-specific protocols. Travel and Quarantine Protocols The following company-wide restrictions are in effect: Access to the Brucejack Mine is off-limits to anyone who has travelled anywhere outside of Canada. In all corporate locations, employees have been asked to avoid all non-essential travel outside of Canada. Mandatory 14-day self-quarantine is in effect for employees returning from anywhere outside of Canada. On-site Medical Services at Brucejack Mine The Brucejack Mine is located in a remote location and as it needs to be self-sufficient, we maintain an on-site primary care clinic that can respond effectively with ...
Mar 9. 2020
VANCOUVER, British Columbia, March 09, 2020 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announces an updated Mineral Reserve (the “2020 Mineral Reserve”), Mineral Resource (the “2020 Mineral Resource”) and Life of Mine (“LOM”) plan (the “2020 LOM Plan”, and together with the 2020 Mineral Reserve and 2020 Mineral Resource, the “2020 Updates”) for the Brucejack Mine (“Brucejack”), which highlight the continued robust economics of the long-life underground operation. The effective date of the 2020 Mineral Reserve and 2020 Mineral Resource is January 1, 2020. The 2020 Updates will be detailed in a National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) Technical Report (the “2020 Report”) prepared by Tetra Tech Canada Inc. and co-authored by consultants listed under “Independent Qualified Persons” below. The 2020 Report updates the operating parameters contained in the “Technical Report on the Brucejack Gold Mine, ...
Feb 12. 2020
2019 Gold production: 354,405 ounces 2020 Gold production guidance: 325,000 to 365,000 ounces 2020 Estimated free cash flow1: $100 million - $170 million at a gold price of $1,450 Brucejack Mine Preliminary Production Outlook: Ongoing gold production in the Valley of the Kings expected to be in line with the guidance range for 2020 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. VANCOUVER, British Columbia, Feb. 12, 2020 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announces results for the fourth quarter and full year 2019, with 2019 gold production of 354,405 ounces at an all in sustaining cost1 (“AISC”) of $888 per ounce of gold sold. Free cash flow1 for 2019 was $184.2 million and total debt decreased by $180.4 million compared to year-end ...
Feb 10. 2020
VANCOUVER, British Columbia, Feb. 10, 2020 (GLOBE NEWSWIRE) - Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) will release fourth quarter and year-end 2019 operational and financial results pre-market on Wednesday, February 12 th , 2020. The webcast and conference call to discuss Q4 and year-end 2019 will take place Wednesday, February 12 th , 2020 at 7:00 am PT (10:00 am ET) and can be accessed at www.pretivm.com . Fourth quarter and year-end 2019 Webcast and conference call details:   Wednesday, February 12, 2020 at 7:00 am PT (10:00 am ET)   Webcast www.pretivm.com   Toll Free (North America) 1-800-319-4610   International and Vancouver 604-638-5340
Updated Mineral Resource and Mineral Reserve Estimates Updated Mineral Resource and Mineral Reserve estimates for the Valley of the Kings and an updated life of mine plan for the Brucejack Mine is expected to be provided later in the first quarter of 2020. About Pretivm Pretivm is a low-cost ...