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SAN FRANCISCO, CA–(Marketwired – October 02, 2017) – Increased production and increased sales are leading to a cash-positive quarter at this gold miner’s flagship project in northern British Columbia.
Company included in article: Pretium Resources Inc. (TSX: PVG) (NYSE: PVG)
On Sept. 21, Pretium Resources Inc. (TSX: PVG) (NYSE: PVG) announced that its 100%-owned Brucejack project’s ramp-up continues to advance, “targeting steady state production for the end of 2017.” The company says it expects to achieve positive working capital by the end of the quarter due to increased production and sale from doré and flotation concentrate.
Eric Zaunscherb, an analyst with Canaccord Genuity, noted in a Sept. 21 update that Pretium is “continuing to fire on all cylinders, as is apparent from the latest update in which the company announced production ramp-up is progressing strongly at the flagship Brucejack gold mine.”
BMO Capital Markets analyst Andrew Kaip echoed Canaccord’s sentiments in a Sept. 21 report, stating, “the ramp-up at Brucejack continues to progress well, with the mill running exclusively on stope ore, and an increase in production contributing to an expectation of positive working capital by the end of the quarter. Q3/17 production is expected in October, which we expect will be a highly anticipated update and catalyst for the company.”
Continue reading this article: ‘Production Ramp-Up Is Progressing Strongly’ and Garners an Outperform Rating
About Streetwise Reports/The Gold Report
Investors rely on The Gold Report to share investment ideas for the precious, base and critical metals sector. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
The following companies mentioned in this article are sponsors of Streetwise Reports: Pretium Resources Inc. Reports does not accept stock in exchange for its services.
The full disclosure is provided at the end of the published article: ‘Production Ramp-Up Is Progressing Strongly’ and Garners an Outperform Rating
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Mon, 02 Oct 2017 13:00:00 GMT