Pretivm Resources Inc. (PVG)

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Van Sun says Imperial Metals, Pretium help confidence

2014-01-27 09:28 ET - In the News

See In the News (C-III) Imperial Metals Corp (2)

The Vancouver Sun reports in its Saturday edition Imperial Metals' plans to open its $500-million Red Chris copper/gold mine in Northern British Columbia in early June are one of the bigger reasons for optimism in the mining sector for 2014. The Sun's Derrick Penner writes there has also been a bounce in resource stocks since the start of the year and the continuing advance of high-profile development projects such as Pretium Resources' Brucejack gold deposit, make B.C.'s prospectors more hopeful the industry is making a turnaround. "I think it's a pretty bullish year," said mining lobbyist Gavin Dirom. "There's a sense that the worst is behind us. I mean, you couldn't get much worse than 2013, in terms of trying to attract venture capital." Located 80 kilometres south of Dease Lake, Red Chris will become the second new greenfield mine to open in as many years, following Thomson Creek Metals' Mount Milligan mine, which started commercial production last fall. "There's no better signal to somebody in London, New York, Tokyo or the Middle East or wherever (investment capital) is coming from," Mr. Dirom said, than showing them that B.C. can build mines and "they're doing what they said they would do."

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