Pretium Resources Inc. today announced that it is currently managing 9 cases of COVID-19 among employees and contractors at the Brucejack Mine in British Columbia. All are in isolation, remain in good health and have exhibited limited symptoms. In partnership with the local health authority, BC Northern Health, contact tracing was undertaken to determine the potential for additional exposures. Close contacts [...]
Pretium Resources Inc. announces fourth quarter and full year 2020 production results and a $160 million discretionary payment against its credit facility. Pretivm also provides production and financial guidance for 2021. The Company produced 347,743 ounces of gold in 2020, slightly above the midpoint of its guidance range of 325,000 ounces to 365,000 ounces. For 2021, the Company expects gold production to be in the [...]
Pretium Resources Inc. announces the resignation of Robin Bienenstock from the Company’s Board of Directors effective immediately. Ms. Bienenstock joined the Company’s Board in 2018 and was a key member of the Compensation Committee, acting as its Chair since February 2019, as well as the Corporate Governance and Nominating Committee. “On behalf of Pretivm’s Board of Directors, I would like to thank Ms. Bienenstock [...]
Pretium Resources Inc. announces that it, along with its wholly-owned subsidiary, Pretium Exploration, has closed the previously announced sale of the Snowfield property to KSM Mining ULC, a wholly-owned subsidiary of Seabridge Gold Inc. Under the terms of the Agreement, Pretivm has received US$100 million in cash, and will receive further consideration comprised of the following: A 1.5% net smelter royalty in [...]
Pretium Resources Inc. announces the results of the 2020 regional grassroots exploration program, including a discovery at the Hanging Glacier Zone, and plans for the Company’s 2021 exploration programs. The 2020 regional grassroots exploration program included 25,350 meters of diamond drilling completed in four mineralized zones across the 1,200-square kilometer property that surrounds the Brucejack Mine. The [...]
Pretium Resources Inc. announces that it, along with its wholly-owned subsidiary, Pretium Exploration Inc., has entered into an agreement with KSM Mining ULC to sell its Snowfield property located in northwest British Columbia . Under the terms of the Agreement, Pretivm will receive consideration comprised of the following: US$100 million in cash payable upon closing of the Transaction. A 1.5% net smelter royalty in [...]
Pretium Resources Inc. announced today that the Board of Directors has appointed Tom Peregoodoff as an independent director of the Company. “We will benefit from Tom’s extensive expertise across the mining sector. His knowledge and experience with geology, resource development and corporate transactions will complement our Board’s capabilities,” said Board Chair Richard O’Brien. “We look forward to his contributions [...]
Pretium Resources Inc. announces that, as part of an effort to streamline its management structure, Michelle Romero, Executive Vice President, Corporate Affairs and Sustainability, will be departing the Company in December and that John Hayes, Senior Vice President, Business Development and Investor Relations will be departing the Company on November 6, 2020. Ms. Romero joined Pretivm in 2011 shortly after its [...]
Third Quarter and First Nine Months 2020 Highlights: Gold production – Q3: 86,136 ounces; YTD: 259,443 ounces AISC1 – Q3: $1,016 per ounce of gold sold; YTD: $971 per ounce of gold sold Free cash flow1 – Q3: $66.8 million; YTD: $191.4 million Production and sales volume on-track, unaffected by COVID-19 End of quarter cash balance: $175.0 million All amounts are in US dollars unless otherwise noted. This release [...]
Pretium Resources Inc. will release third quarter 2020 operational and financial results after market close on Thursday, October 29th, 2020. The webcast and conference call to discuss Q3 2020 will take place Friday, October 30th, 2020 at 8:00 am PT and can be accessed at www.pretivm.com. Third quarter 2020 webcast and conference call details: Friday, October 30, 2020 at 8:00 am PT Webcast www.pretivm.com Toll Free [...]
Further to its announcement regarding leadership change in respect of the Chief Financial Officer role, Pretium Resources Inc. announces that Tom S.Q. Yip, Executive Vice President and Chief Financial Officer, will step down from his role as Chief Financial Officer of the Company on September 30, 2020. Mr. Yip will continue to serve as Executive Vice President and assist with an orderly transition until October 30 [...]
Pretium Resources Inc. announces that Tom S.Q. Yip, Executive Vice President and Chief Financial Officer, will be departing the Company on October 30, 2020 or such earlier date as may be mutually agreed. Further, Pretivm is pleased to announce that Matthew Quinlan will be joining the Company on September 9, 2020 as Vice President, Finance and, following Mr. Yip’s departure, as Chief Financial Officer. Mr. Yip will [...]
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