Northern Miner
On Jan. 23, Pretium Resources (TSX: PVG; NYSE: PVG) provided an update on the ramp-up of its flagship Brucejack underground gold mine in northwestern B.C.’s Golden Triangle district.
The company was criticized by BMO Capital Markets for providing “more questions than answers” following a release that included lower-than-expected mine grades and higher all-in sustaining costs (AISC).
Pretium’s stock had dropped over 30% to a 52-week low of $9.18 per share on the Toronto Stock Exchange (TSX), on 13.3 million shares traded at the time of writing on Jan. 29.