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Good presentation. Thanks wshaw14.
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https://www.pretivm.com/Investors/Presentations/default.aspx
12/02/2019 Pretivm Completes the Repurchase of Gold Offtake Agreement
https://markets.businessinsider.com/news/stocks/pretivm-completes-the-repurchase-of-gold-offtake-agreement-1028729057
11/14/2019 @ 5:00AM
Pretivm Adds Two New Directors with Extensive Mining Experience
Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) is pleased to announce that its Board of Directors (the “Board”) has appointed Richard O’Brien and Jeane Hull as independent directors of the Company. Mr. O’Brien will assume the role of Board Chair following the retirement of Robert Quartermain, Executive Chairman, on December 31, 2019.
Mr. O’Brien previously served as President and CEO of Newmont Mining Corporation and President and CEO of Boart Longyear Limited. During his career, Mr. O’Brien has also served as a CFO at Newmont as well as at several power and utility companies. Mr. O’Brien serves on the Boards of Xcel Energy Inc. and Vulcan Materials Company.
Ms. Hull previously held the positions of Chief Operating Officer for Rio Tinto plc at the Kennecott Utah Copper Mine and Executive Vice President and Chief Technical Officer of Peabody Energy Corporation. Ms. Hull is a Registered Professional Engineer and currently serves on the Boards of Epiroc AB, and Interfor Corporation.
“I am very pleased to welcome Richard and Jeane to the Board. They both bring extensive industry experience at this important juncture in the company’s evolution that will complement the skill sets of our directors,” said Robert Quartermain, Executive Chairman of Pretivm. “It has been a great personal privilege to have been involved with Pretivm from exploration through to its development as a profitable mid-tier gold producer. As incoming Chair, Richard brings a depth of understanding of the gold business that will be instrumental in helping the Board steward Pretivm to its next level of success for shareholders.”
Well, I made about a dollar on the new shares to help offset the 2 dollar loss on the old ones. Still showed a pretty big paper loss today. Oh well it will come back.
I know, I bought some earlier even lower. The pre-market low was $9.01 but I did not get any of those.
Bid right now 30 min before the opening is 9.40 but that could change.
Ouch. Not what I expected. I am glad I did not get all of the shares I thought I wanted. Still all in all not a bad quarter. Sure the share price will probably drop temporarily and some will bad mouth. The fact is though, they are currently making money and hopefully they will soon get on track.
“A combination of limited stope inventory and operational issues resulted in lower-than-planned tonnes, grade and ounces in September, which impacted third quarter gold production.”
“we now expect that the fourth quarter will be consistent with the third quarter and have adjusted our full-year 2019 production guidance to between 340,000 to 350,000 ounces of gold production, an approximate 15% decrease from the midpoint of our prior production guidance range of 390,000 to 420,000 ounces of gold sold. “
I go0t some, but I still want a few more before the Q.
Hope you picked up the shares you wanted. 5 large after-market trades at 11.57 that all appeared to be buys totaling 1.645MM shares (1 for 1.561MM and four identical trades for 21,073, which could possibly be some shuffling between MM's)....Waiting to see what tomorrow brings....
I want a few more shares before the Q3 results are announced on 10/30. Started accumulating today. I believe the results will be impressive.
Excellent presentation, thanks for posting. Especially liked the case at $1500/oz gold!!
1VALUE THROUGH GOLDGold Forum AmericasSeptember 15-18, 2019
https://s1.q4cdn.com/222336918/files/doc_presentations/2019/09/2019-09-17-Gold-Forum-Americas-1.pdf
Maybe it will precede a positive PR following today's $.49 increase....
Interesting trade in after hours today at 16:04:42
16:04:42 $12.44 1,575,262
JPMorgan traders indicted for market manipulation, racketeering: feds
https://www.foxbusiness.com/markets/jpmorgan-traders-indicted-for-market-manipulation-racketeering-feds
Pretivm Repurchases 100% of Gold Offtake Agreement; Exploration Update
https://ih.advfn.com/stock-market/NYSE/pretium-resources-PVG/stock-news/80732241/pretivm-repurchases-100-of-gold-offtake-agreement
Whats happened here? PVG was close to printing $14.00 not too long ago
Hey guys.... everybody staying calm here?
big sell off from an over extended surging rally. I was happy enough to see it reach 13,let alone stretch to 13.80. The old topping zone was 12.40 area. yes, PVG has followed the tailwinds of spot gold. I started taking some profit at 13-13.80 and looks like the familiar volatile gyration 1 or 2 dollars up and down is back in swing again.
I'm not buying this 12 dollar step but might nibble at 11.50/11.25 if it continues this week. I like 11 better eventually and 10.50 area is a Fib target on the math pattern.
Good trading up and down.
Was there any news that caused this? or just profit taking that started last friday. Lets watch the strength of a bounce now if PVG wants to show what bullish strength it has.
PVG does like to make these 1 dollar moves it seems. would we get the next one at 12.35 going down to 11.35 ?
or 11.85 to 12.85 and then 12.35 to 13.35 ?
PVG
Nothing to worry about. PVG investors have been and continue to be very reactionary. This type of volatility is how I built my position a few shares at a time. As the shares have tanked I just picked up a few more each time and they eventually added up. I will continue to hold what I have and if the bargain gets too good to pass up again, I will add more.
Rapid fall off today. Down $1 on 1.3MM shares in just over an hour - nearly 8%.
Gold down less than 1%. Problem at the mine?
It is normal after a gain like we had Friday for there to be some profit taking. I believe that was the reason for todays loss.
Well, that didn’t turn out so good.....
Gold up $20+ in the first hour of trading. Went past $1550 before settling slightly below. If it stays up it should be a good day for PVG tomorrow.
* * $PVG Video Chart 08-24-2019 * *
Link to Video - click here to watch the technical chart video
Agree completely!!
Very nice move in both gold and PVG.
I'm prepared to be patient.
That would be very nice, but I think that will take a while to achieve. Unless of course the price of gold goes up substantially above where it is.
Analyst Actions: HC Wainwright Lifts Pretium Resources' Price Target to $22 From $16.50, Maintains Buy Rating
Pretivm advances debt-repayment goals
https://www.miningweekly.com/article/pretivm-advances-debt-repayment-goals-2019-08-02/rep_id:3650
Second Quarter Results:
http://ih.advfn.com/stock-market/NYSE/pretium-resources-PVG/stock-news/80457196/pretivm-reports-second-quarter-2019-operating-and
Some highlights:
Second Quarter 2019 Operating Summary
Production of 90,761 ounces of gold, on track to achieve 2019 annual guidance.
Mill feed grade of 8.9 grams per tonne gold.
Gold recovery rate of 96.9%.
Ore milled 324,171 tonnes.
Daily average ore milled 3,562 tonnes per day.
Second Quarter 2019 Financial Summary
Revenue of $113.2 million on 85,953 ounces of gold sold.
Total cost of sales of $83.4 million or $970 per ounce of gold sold1.
Earnings from mine operations of $29.8 million.
Achieved an average realized cash margin1 of $550 per ounce of gold sold, with a total cash cost of $702 per ounce of gold sold1.
All-in Sustaining Cost (“AISC”)1 of $940 per ounce of gold sold, on track to achieve 2019 annual guidance.
Generated $41.2 million in cash from operating activities.
Net earnings of $10.4 million ($0.06 per share).
Adjusted earnings1 of $17.0 million ($0.09 per share1).
Reduced debt by $44.7 million using cash generated from operations.
Remaining debt of $415.3 million on the $480 million loan facility.
August 2nd according to the Pretivm website
Pretium Resources Inc.Second Quarter 2019 Financial Results
Friday, August 02, 2019 at 8:00 AM PT
http://services.choruscall.ca/links/pretivm20190802.html
Well, it finally broke through the $11.50 ceiling that it had been bumping against for the past few days. Next barrier from those of you who do charting?
Fidelity has PVG reporting Q2 results on Sept 3, which seems late for the quarterly results. Current estimate is 0.09/sh vs 1st Q actual of 0.08/sh (0.04/sh est). With expanding capacity and good gold prices, analyst estimates should be easily surpassed, IMO.
PVG should be reporting a respectable quarter. If so, it will be up up and away IMHO
Pained me to sell, but cash opportunity was too great to pass up. I still have a decent position and will be increasing again. You will do well.
Full disclosure. I did sell 33% of my pvg today. Not because I dont believe in the company, but because of a cash deal on real estate I could not pass up. I still believe PVG is a great bet, and will be increasing my position again as best I can. Hang in there.
Thanks, wshaw14. Was an interesting mine tour. Would have liked to participate!
Sage advice. I love to hear from those with their finger on the pulse.
People that are shorting the company keep re-hashing the old news about the argument pertaining to the feasibility. That with the fact that to date they have not attained the predicted grade. My thinking is that even if they never attain that grade they still have a very feasible project. I grew up in the area and personally know folks that worked with the crews and saw the cores their advice to me was "Don't sell this one" so I have not.
Can't understand why the SP isn't higher. This is a producing gold miner, not an exploration gold company. And, they keep upping the tonnage which makes for increased gold results. So why hasn't the SP reflected this with the tensions coming from Iran and the China trade talks?
Looking good. Hope it can hold today’s 10+ and continue climbing.
PVG doing a little better now.
We should be getting some more drill results shortly.
Thanks for the heads up. There was no link to the article in your post, so I posted the link.
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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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