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Pretium Resources Inc.
Summary
| Project: | Brucejack | |
|---|---|---|
| Deposit: | Brucejack | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 4/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-4-2019: Pretium Resources Inc. announces a Resource Estimation report for its Brucejack deposit at the Brucejack project. Updated mineral resource and reserve, and the Life of mine plan at Brucejack. Vancouver, British Columbia, April4, 2019; Pretium Re | |
| Resources: | (Reserve, P+P): 16.0Mt @ 12.6g/t Au, 59.3g/t Ag for 6.4Moz Au, 30.5Moz Ag | |
| CP/QP: | [Resources]: Ivor Jones (Ivor Jones Pty Ltd.) | |
| ABSTRACT: | Vancouver, British Columbia, April4, 2019; Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announces an updated Mineral Reserve (the “2019 Mineral Reserve”) and Mineral Resource (the “2019 Mineral Resource”) and Life of Mine Plan (collectively, the “2019 Updates”) for the Brucejack Mine (“Brucejack”), which highlight the continued robust economics of the low-cost, long-life operation. The 2019 Updates will be detailed in a National Instrument 43-101 Technical Report (the “2019 Report”) prepared by Tetra Tech. The 2019 Report updates the operating parameters contemplated in the Brucejack Feasibility Study entitled “Feasibility Study and Technical Report Update on the Brucejack Project, Stewart, BC” with an effective date of June 19, 2014 (the “2014 Report”) before the mine was constructed and operating, and confirms Brucejack as a low-cost, high-grade gold producer. The 2019 Report will be filed in Canada under the Company’s profile on SEDAR at www.sedar.com and in the United States on the EDGAR section of the Securities and Exchange Commission (“SEC”) website at www.sec.gov, within the coming weeks. All dollar amounts are expressed in, and references to “$” refer to, United States dollars unless otherwise noted. References to “C$” refer to Canadian dollars. “Since achieving production at Brucejack we have processed over 1.5 million tonnes of ore and produced over 500,000 ounces of gold, providing us a solid foundation of operating experience and key metrics to update the life of mine plan and outlook for the mine,” said Joseph Ovsenek, President and CEO of Pretivm. “At $1,300 gold, Brucejack now has an estimated after-tax net present value at a 5% discount rate of $2.59 billion over a 14-year mine life. This is a significant increase from the 2017 estimated net present value at a 5% discount rate of $2.10 billion. With Brucejack as ourfoundation and with our considerable growth profile, Pretivm is well-positioned as a profitable gold producer.” | |
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