Pretium Resources Inc (PVG)

I am completely out. Good luck to all.

Odds that Brandon & company raise capital gains is probably another consideration for me the more I think about it...or probably the northern communist, either for those on that side of the border

I had no choice and could not afford to carry too much capital gain into 2022. I sold 1/2 at 1.60 and did not sacrifice much profit to dispose of it. I plan to hold the rest for a while to see if any other offers come.

I'm holding out with hope of a better offer for now...not really sure at what point I should let go of that yet, though. Probably need to let some before year end at any rate. I'm stupid overweight here.

I sold 50% at $14.60 and am still holding 50%.

Wow, lousy deal for PVG shareholders, hope someone steps up.

https://seekingalpha.com/article/4467791-newcrest-mining-acquire-pretium-resources-ncmgf-pvg

It will be interesting to see if there are any other bidders. I will hang around for a while and see. Regardless, I will have to unload some shares before the end of the year. I cant have all of the Cap Gains hit me in 2022 (for complicated reasons), and that is when it is projected to close.

Wow, I didnt see that one coming.

http://ih.advfn.com/p.php?pid=nmona&article=86496726

PVG to be acquired for C$18.50/share, equivalent to US$14.86

Next Thursday cones the 3rdQ.

Yet another. There is a lot of gold on that property. I expect PVG will be one of those once in a lifetime opportunities.

MINING.com: Pretium makes new discovery around Brucejack.
https://www.mining.com/pretium-resources-makes-new-discovery-around-brucejack/

I am looking forward to seeing the Q3 Production.

Pretty good Q2 and exceptional exploration results. I believe Pretivm is now over the hump. I expect a very good Q3 with the head start with all the gold in process from Q2.

Pretium Resources Inc: Pretivm Provides Notice of Second Quarter 2021 Operational and Financial Results Release Date and Conference Call

https://www.finanznachrichten.de/nachrichten-2021-07/53460893-pretium-resources-inc-pretivm-provides-notice-of-second-quarter-2021-operational-and-financial-results-release-date-and-conference-call-details-399.htm

Sandvik announces electric mining vehicle order from Canada https://www.electrive.com/2021/07/01/sandvik-announces-electric-mining-vehicle-order-from-canada/

It is natural for a gold mining stock to dip when the price of gold dips.

Just sector-wide overreaction to fed head fake, imo...inflation is real...interest rates will make wall street happy...

why the plunge down today

after a good drill report the other day?
are they diluting to raise cash to pay for their next drill phase? I'm tempted to buy a little at 10, but whats causing this?

AMAZING !

WHAT A BLAST !

Pretium Resources Inc.: Resource Expansion Drilling at Brucejack Intersects More High-Grade Gold Mineralization in the North Block Zone
https://stockhouse.com/news/press-releases/2021/06/15/pretium-resources-inc-resource-expansion-drilling-at-brucejack-intersects-more

https://newsheater.com/2021/05/27/pretium-resources-inc-pvg-reveals-an-earnings-mystery/

Whole market has been insane for a while. Been getting crazy oscillations between crypto and gold. Everything ultimately points to weak USD as far as I can see as they keep printing money while destroying the great nation they have stolen.

Wow, I am scratching my head. I cant find any reason for this .49 drop today. I guess I will buy a few more.

Pretivm Records First Quarter 2021 Operating and Financial Results; On-track for Annual Guidance, Continues to Deliver High Free Cash Flow
https://www.yahoo.com/now/pretivm-records-first-quarter-2021-215900940.html

Pretium extends Brucejack high grade mineralization below current mining levelshttp://www.canadianminingjournal.com/news/pretium-extends-brucejack-high-grade-mineralization-below-current-mining-levels/

VANCOUVER, British Columbia, April 15, 2021 (GLOBE NEWSWIRE) -- Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) will release first quarter 2021 operational and financial results after market close on Tuesday, May 4th, 2021. The webcast and conference call to discuss Q1 2021 will take place Wednesday, May 5th, 2021 at 9:00 am PT (12:00 pm ET) and can be accessed at www.pretivm.com.

Just checking in. No news lately that I can find.

https://www.msn.com/en-us/money/companies/pretium-resources-inc-pvg-q4-2020-earnings-call-transcript/ar-BB1e3FN2?ocid=BingNewsSearch

02/25/2021 Pretium Resources: Underground Exploration Drilling at Brucejack Extends Mineralization with High-Grade Intercepts
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/453-tsx/pvg/94049-underground-exploration-drilling-at-brucejack-extends-mineralization-with-high-grade-intercepts.html

02/17/2021 Pretivm Lifts COVID-19 Travel Restrictions at Brucejack
https://apnews.com/press-release/globe-newswire/travel-business-lifestyle-public-health-government-business-and-finance-f817f888f1e0c358f142f30f5b1ac566

It was always a matter of time until they had an outbreak. Its not like it will end PVG. They will manage the outbreak and life will go on.

Currently, the Company is managing 14 cases of COVID-19 among employees and contractors at the Brucejack Mine

https://www.pretivm.com/investors/presentations/default.aspx

Pretivm Achieves Above Mid-Point of 2020 Production Guidance; Significantly Reduces Debt with a ...
https://apnews.com/press-release/globenewswire-mobile/business-public-health-government-business-and-finance-legislature-government-regulations-9b0658b21a525c65aebb56e21352b906

I dont see it posted on the board, but the Snowfield deal did close.

Discovery at the Hanging Glacier Zone with 2.1 g/t Gold Over 102 Meters, including 9.5 g/t Gold over 13 Meters Demonstrates S...https://ih.advfn.com/stock-market/NYSE/pretium-resources-PVG/stock-news/83924757/discovery-at-the-hanging-glacier-zone-with-2-1-g-t

Well, I was almost right on that one. Not quite what I was hoping though. The discrepancy from book value was substantial. I guess the question, though, is how long it will take to close that gap @1.5%?

PVG can really knock a hole in their debt using their cash flow and the proceeds from the sale of snowfields. (if they choose to do so.)

Pretivm to Divest Snowfield Property to Seabridge Gold for Cash Consideration of US$100 Million, a 1.5% Royalty and Contingen...
https://ih.advfn.com/stock-market/NYSE/pretium-resources-PVG/stock-news/83832273/pretivm-to-divest-snowfield-property-to-seabridge

https://www.pretivm.com/investors/presentations/default.aspx

News; $PVG Pretium Resources Inc (PVG) Q3 2020 Earnings Call Transcript

Image source: The Motley Fool. Pretium Resources Inc (NYSE: PVG) Q3 2020 Earnings Call Oct 30, 2020 , 11:00 a.m. ET Operator Continue reading For further details see: Pretium Resources Inc (PVG) Q3 2020 Earnings Call Transcript

Find out more PVG - Pretium Resources Inc (PVG) Q3 2020 Earnings Call Transcript

Not a bad quarter.

Free cash flow = Music to my ears.

Pretivm Records Third Quarter 2020 Operating and Financial Results; Brucejack Continues to Deliver Strong Cash Flow and Remains On-Track to Achieve 2020 Guidance

Third Quarter (“Q 3 ”) and First Nine Months (“ YTD ”) 2020 Highlights:

G old production – Q 3 : 86,136 o unces ; YTD : 259,443 ounces

AISC 1 – Q 3 : $ 1,016 per ounce of gold sold ; YTD : $ 971 per ounce of gold sold

F ree cash flow 1 – Q 3 : $ 66.8 million ; YTD : $ 191.4 million

Production and sales volume on - track , unaffected by COVID-19

End of quarter cash balance: $ 1 75 . 0 million

All amounts are in US dollars unless otherwise noted. This release should be read in conjunction with the Company’s Financial Statements and Management’s Discussion and Analysis (“MD &A”) for the three and nine months ended September 30 , 2020 and 2019 , available on the Company’s website and on SEDAR and EDGAR.

VANCOUVER, British Columbia, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announces operating and financial results for the third quarter and first nine months 2020 (see “Key Operating Metrics” and “Key Financial Metrics” tables below).

“Brucejack continues to deliver strong cash flow and we remain on target to meet our annual production, free cash flow and AISC guidance,” said Jacques Perron, President and Chief Executive Officer of Pretivm. “In the first nine months of the year, the mine produced just over 259,000 ounces of gold generating $448.0 million in revenue and $191 million in free cash flow.”

2020 Guidance
2020 Production Guidance Maintained

The Company produced 259,443 ounces of gold during the first nine months of 2020 and expects to meet 2020 gold production guidance at the Brucejack Mine of 325,000 ounces to 365,000 ounces. Production is planned to continue in the fourth quarter 2020 at an average rate of approximately 3,500 tonnes per day due to planned maintenance and an increased focus on waste management from increased lateral development with the objective of operating at the nominal rate of 3,800 tonnes per day at the end of the quarter. The average annual gold grade is expected to remain in the guidance range between 7.6 grams per tonne and 8.5 grams per tonne at an average gold recovery of 97.0%.

Management believes 2020 production guidance remains achievable assuming there is no new significant impact on operations at the Brucejack Mine, including due to the novel coronavirus (“COVID-19”) pandemic. We have taken precautions to mitigate the risk of COVID-19. However, the COVID-19 pandemic and any future emergence and spread of similar pathogens could have a material adverse impact on our business, operations and operating results, financial condition, liquidity and market for our securities.

2020 Financial Guidance Maintained

Total cash costs1 and all-in sustaining costs (“AISC”) were $763 and $971 per ounce of gold sold, respectively, for the first nine months of 2020. Management expects to achieve our total cash costs guidance range of $750 to $860 per ounce of gold sold and AISC guidance range of $960 to $1,120 per ounce of gold sold.

AISC estimates include costs associated with lateral development at a rate of approximately 1,000 meters per month through 2020. In addition, the AISC estimates include costs associated with enhanced COVID-19 protocols, infill definition diamond drilling and a high-density test reverse circulation (“RC”) drilling grade control program to increase the volume of grade information necessary to enhance mine planning and optimize gold production.

Sustaining capital expenditures for the year, a component of AISC, are expected to be between $30.0 and $33.0 million, which includes additional definition drilling and mill building repairs. Other capital expenditures include approximately $10.0 to $15.0 million in expansion capital expenditures and approximately $10.0 million for regional exploration.

2020 Free Cash Flow Forecast Maintained

Free cash flow for the first nine months of 2020 was $191.4 million at an average realized gold price1 of $1,758 per ounce. We expect to achieve our 2020 free cash flow forecast range of $205 million to $275 million which was based on an average realized gold price of $1,800 per ounce.

While operating under the COVID-19 safety protocols, the Company will focus on preserving liquidity in the form of cash and cash equivalents and reducing the amount outstanding under its existing Loan Facility.

Just posted to Seeking Alpha today

A New Investment Risk Has Emerged In The Precious Metals Mining Industry

https://seekingalpha.com/instablog/52535199-hymcz-warrant-holders/5509902-new-investment-risk-emerged-in-precious-metals-mining-industry

Pretivm Provides Notice of Third Quarter 2020 Operational and Financial Results Release Date and Conference Call Details

Read more: http://www.digitaljournal.com/pr/4841825#ixzz6axcbKedL
http://www.digitaljournal.com/pr/4841825

Thanks for the info.

Fidelity says due out Oct 28 (Unconfirmed).

I am looking forward to next Q report.