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Thx. Quite a range, from $12 to $18.50....
https://theenterpriseleader.com/2020/09/24/brokerages-set-pretium-resources-inc-nysepvg-target-price-at-15-23.html
Brokerages Set Pretium Resources Inc (NYSE:PVG) Target Price at $15.23
Posted by Martin Roberts on Sep 24th, 2020
Pretium Resources logoPretium Resources Inc (NYSE:PVG) (TSE:PVG) has received an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $15.23.
Several brokerages recently weighed in on PVG. Scotiabank lifted their price target on Pretium Resources from $11.00 to $12.00 and gave the company a “sector perform” rating in a research note on Monday, July 20th. HC Wainwright lifted their price target on Pretium Resources from $10.50 to $17.50 and gave the company a “buy” rating in a research note on Monday, August 10th. TheStreet upgraded Pretium Resources from a “c” rating to a “b-” rating in a research note on Thursday, August 20th. ValuEngine upgraded Pretium Resources from a “sell” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, BMO Capital Markets lifted their price target on Pretium Resources from $15.00 to $18.50 and gave the company an “outperform” rating in a research note on Friday, August 7th.
yep, will look to move into $16 calls...
PVG continues to surge - $14.44 now...
Closed out my $14 calls today...good money....more to come???
I believe you have to go back some 10 years to find a close over $14 like it had today!
Wow, that was quite a jump with no news. PVG may finally be beginning to be recognized.
Big jump at the open and now up over 8% - significantly more than other gold companies that are up a few percent on the increased price of gold. Hmmm....
Scotiabank will nail JPMorganChase for metals market rigging, London trader Maguire says
Submitted by cpowell on Fri, 2020-08-28 04:28. Section: Daily Dispatches
12:28a ET Friday, August 28, 2020
Dear Friend of GATA and Gold:
The fine of $124 million that Scotiabank has agreed to pay the U.S. government for manipulating the gold and silver markets with "spoofing" is tiny compared to the offense, London metals trader Andrew Maguire says in his interview this week with Shane Morand of Kinesis Money, but that's because the fine is not the end of the case against the bullion bank.
Scotiabank, Maguire says, remains vulnerable to criminal charges of wire fraud and so is cooperating with the U.S. Justice Department in prosecution of the biggest gold and silver market-rigger of all, JPMorganChase.
Further, Maguire adds, the prosecution is linked to a pending "reset" of gold and silver prices.
In connection with that "reset," Maguire says, the Bank for International Settlements has built an unprecedentedly large unallocated foreign-exchange gold position as it distributes desperately needed metal to banks around the world.
Behind the extraordinary recent volatility of the gold and silver markets, Maguire says, the banks are striving to shake out speculators while getting long themselves.
Maguire's interview is 31 minutes long and can be viewed at YouTube here:
Warren Buffet is selling big banks and buying gold.
https://www.thestreet.com/investing/buffett-takes-barrick-gold-stake?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
News: $PVG Exploring Mining Podcast Episode 90: News from (NYSE: HL) (NYSE: IAG) (NYSE: PVG) (TSXV: APN)
Point Roberts, WA and Delta, BC - August 6, 2020 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering mining and metals stocks releases today's edition of Exploring Mining Podcast , featuring stock news from TSX, TSXV, CSE, ASX, NASDAQ, NYSE companies plus inte...
Find out more PVG - Exploring Mining Podcast Episode 90: News from (NYSE: HL) (NYSE: IAG) (NYSE: PVG) (TSXV: APN)
Nice Quarter. Maybe we have turned the corner. My thinking is the shorts will now be forced to cover.
https://www.globalbankingandfinance.com/category/news/pretivm-reports-second-quarter-2020-operating-and-financial-results-strong-production-at-brucejack-generates-record-free-cash-flow/
Pretivm Reports Second Quarter 2020 Operating and Financial Results; Strong Production at Brucejack Generates Record Free Cash Flow
Second Quarter (“Q2”) and First Six Months (“H1”) 2020 Highlights:
Gold production – Q2: 90,419 ounces; H1: 173,307 ounces
AISC1 – Q2: $911 per ounce of gold sold; H1: $950 per ounce of gold sold
Free cash flow1 – Q2: $82.7 million; H1: $124.6 million
Uninterrupted operations through the COVID-19 pandemic
Achieved production milestone of one million ounces of gold
End of quarter cash balance: $124.7 million
News: $PVG Pretivm Reports Fatality at Brucejack Mine
VANCOUVER, British Columbia, Aug. 02, 2020 (GLOBE NEWSWIRE) -- Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) is deeply saddened to report a fatality resulting from an incident that occurred Friday, July 31 st at the Brucejack Mine. The is...
Got this from PVG - Pretivm Reports Fatality at Brucejack Mine
Thanks, I had hoped for better results with increasing tonnage processed. We shall see if anything has changed, in a week!
I have held the shares I have for years. I look at this one as a long term investment. It is frustrating to see it go up and down, but for me the up has been a lot more than the down. If this quarter is not up to par, I do have my eye on another one (that I already hold a few shares in) that I will take about 20% of PVG off the table and put there. I do expect a comparitively good report from PVG though
Would be nice to see a real positive quarterly report on Aug 5. Maybe the shorts would be forced to chase the price! I had cut my holdings earlier this year because of all the shorting.
These days of decreasing share price while gold price increases kind of make me wonder if desperate shorts are not attempting to manipulate. If it were only PVG I would not be suspicious, but it seems to be wide spread.
Stornoway’s Godin becomes Pretivm COO
https://www.miningweekly.com/article/stornoways-godin-becomes-pretivm-coo-2020-07-06
Blackrock filed a notice regarding their ownership of PVG shares. Don't know what the previous number was but probably significantly lower based on today's share price reaction.
Amount beneficially owned:
14,027,097
Percent of class
7.6%
Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) will release second quarter 2020 operational and financial results after market close on Wednesday, August 5th, 2020.
The webcast and conference call to discuss Q2 2020 will take place Thursday, August 6th, 2020 at 8:30 am PDT (11:30 am EDT) and can be accessed at www.pretivm.com.
Second quarter 2020 webcast and conference call details:
Thursday, August 6, 2020 at 8:30 am PDT (11:30 am EDT)
Webcast www.pretivm.com
Toll Free (North America) 1-800-319-4610
International and Vancouver 604-638-5340
Pretivm Appoints Vice President and Chief Operating Officer
https://markets.businessinsider.com/news/stocks/pretivm-appoints-vice-president-and-chief-operating-officer-1029368612#
Just reading tea leaves but POG has increased,. And there was this last month:
https://www.mining.com/seabridge-confirms-improved-ksm-project-economics/
Probably dreaming, but it would be huge.
They did explore that a few years back, but have as far as I know dismissed it. Who knows though.
Shared infrastructure on a Snowfield/KSM project?
How would that benefit PVG?
How about a JV with Seabridge?
Yes, I saw that also. I wonder about the reason. They must have something in mind.
Pretivm Files Preliminary Base Shelf Prospectus
Source: GlobeNewswire Inc.
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.
Up nearly 3% on below average volume. Wasn’t due to gold price which was only up fractionally.
Zacks now has PVG a buy.
1st quarter looks good. Guess investors thought so too as PVG currently up more than 9%.
First Quarter 2020 Operational and Financial Results – Webcast and Conference Call
Pretivm plans to release its first quarter 2020 operational and financial results after market close on Thursday, April 30, 2020. The webcast and conference call to discuss these results will take place Friday, May 1, 2020 at 8:00 am PT (11:00 am ET) and can be accessed
Yes, it seems they did over promise and under deliver, but those are still good grades.
BRUCEJACK UPDATE
Looks like the 2020 update uses a lower average grade resulting in reduced PVP.
It may be they are being much more conservative on their predictions.
"Due to limited stope inventory, production mining in the fourth quarter will focus on maximizing tonnes to the mill, and all stopes above cut-off grade of approximately 5.0 grams per tonne gold will be mined and processed as they become available. The updated life of mine plan, which is planned to b"
I may be wrong, but I believe that the decision to process lower grade ores may very well greatly increase our mine life. We will know the answer to this on March 31st.
I did sell some immediately when this Q was released, because I felt it would drop, but yesterday and today I replaced what I sold. If they dont preform over the next few Quarters, they may very well get bought out by one of the big boys. JMHO
Awww man......Sorry to see guys.........Hopefully this won't hurt Scotties
http://www.miningweekly.com/article/pretium-shares-takes-a-knock-on-production-guidance-ceo-and-chief-geologist-step-down-2020-02-13
Drops instantly down to (a measure of) support.....because that's what these "stock chartists" DO......They're pathetic !
Appears they expect gold oz/ton to remain low and below earlier estimate.
My thinking is that they have learned not to over promise.
Always nice to have a bit of history but would have liked more info on current production.
Slide 31 shows they have produced 786,664 oz gold through 3rd Q 2019 (avg of 87,407/Q) but no info on 4th Q.
Also, they expect to hit the 1 MM oz mark in 2020.
Actually, they would hit the 1MM mark in the 2Q of 2020 if they produced at the average of the last 9 quarters for the 4thQ 2019 plus 1st two Q's of 2020. To hit the 1MM oz mark by mid-year would only require some 71,000 per quarter.
Seems they could have said they expected to hit the 1MM oz mark before mid-2020 which would have been a more positive statement.
JMO
They could be correct, or they could be incorrect. I dont pay a lot of attention to those unless the consensus is overwhelming. One or two negative predictions can easily be an attempt to manipulate. JMHO
2/26/20 is for the earnings report. Company could and probably will report operational information sooner than that.
Fidelity has Q4 report date of 2/26/20. Analysts expect earnings per share of 0.15 vs 0.18 in Q3.
I am looking forward to their production numbers for the last quarter. I suspect they will be much better.
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PRETIVM’S BRUCEJACK IS THE HIGHEST-GRADING UNDEVELOPED LARGE-SCALE GOLD PROJECT. LOCATED IN NORTHERN BRITISH COLUMBIA, IT IS BEING ADVANCED AS AN UNDERGROUND GOLD MINE WITH COMMERCIAL PRODUCTION TARGETED FOR 2017.
Pretium Resources Inc. TSX/NYSE:PVG
BRUCEJACK PROJECT
High-Grade Gold Reserves
Proven and Probable Mineral Reserves for Valley of the Kings (at June 2014): • 6.9 Million ounces gold (13.6 Mt @ 15.7 g/t gold)
Brucejack Project Milestones
2014: Plans: Advance permitting; plan and implement underground exploration program; planning excavation of 1,000 tonnes of high-grade ore.
2014: Filed Environmental Assessment Certificate application and updated Feasibility Study (June 2014).
2013: Updated Valley of the Kings Mineral Resource estimate (December); completed Valley of the Kings 10,000-tonne bulk sample program and underground exploration drilling; completed Feasibility Study (June);
initiated permitting for an 2,700 tonnes per day underground mine.
2012: Updated high-grade Mineral Resource estimate; initiated Feasibility Study; initiated exploration decline from West Zone historic workings to Valley of the Kings; filed Project Description and completed access to Highway 37.
2011: Completed first Mineral Resource estimate for Brucejack and conducted a 72,144-meter drill program focused on the Valley of the Kings.
2010 Dec: Pretium Resources Inc. acquired Brucejack Project and Snowfield Project from Silver Standard Resources Inc. for C$450 million; Pretium IPO on TSX.
2009-2010: Exploration resumed, discovery of the Valley of the Kings.
1999-2000: Acquisition by Silver Standard Resources Inc.
1993: Mine Development Certificate issued.
1990: Feasibility Study completed for West Zone.
1986-1989: Underground development of West Zone (5,276 meters).
1980-1985: West Zone discovery by Newhawk/Granduc.
HIGHLIGHTS
Issued and Outstanding Shares: | 115,307,377 |
Options: | 10,351,950 |
Fully diluted | 125,659,327 |
Silver Standard Resources Inc. | 18.07% |
Royce & Associates | 6.71% |
Liberty Metals & Mining Holdings | 6.52% |
Sun Valley Gold, LLC | 4.29% |
Aristeia Capital, LLC | 3.45% |
Robert Quartermain | 2.72% |
Franklin Advisers, Inc. | 2.53% |
Norges Bank Investment | 2.34% |
TD Asset Management | 1.88% |
Sprott Asset Management | 1.69% |
Fidelity Management & Research Company | 1.35% |
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