Today we review Pretium Resources Inc. What is Pretium Resources Inc? What do they offer to you (the investor)? Are there better alternatives? This are just a few of the questions we help you answer in this short review!
Name of the company: Pretium Resources Inc. Previtm
Official Website URL: https://pretivm.com/home/default.aspx
CEO: Joseph Ovsenek
Products: Gold, Mining Stocks
Pretium Resources’ progress in the industry in which it operates warrants the recognition and attention given to it. This review is aimed at shedding light on this company’s outstanding features in a bid to identify whether it is one that can rely upon by various stakeholders, and mainly the investors. Some of the main items we shall look at include:
– What is this company about?
– How does it manage its operations?
– Which are the main products that this company offers?
– Is it a genuine company?
– Which investment opportunities are offered by Pretium Resources Inc?
– Which are the best alternatives to the opportunities that Pretium Resources offers?
– Which are the main pros and cons of Pretium Resources?
What is Pretium Resources Inc?
Pretium Resources Inc is a gold production company that claims to be creating value to all relevant stakeholders through gold. In 2018 alone, this company produced a total of 376,012 ounces of gold in the Brucejack Mine that it wholly owns. This produce went a long away in establishing Pretium’s position as an Intermediate Producer of gold.
This company’s existence has up to now been based on its ability to achieve it’s the set milestones, some of the 2018 milestones that we pertinent to the growth of shareholder value include:
– The achievement of a steady state of production
– The mining of the 376,012 ounces of gold
– Repurchasing 100% of all precious metal streams at a cost of US$237 million
– Closing a US$480 Million bank debt deal that enabled it to refinance the construction of a credit facility.
– The reception of amendments permitted it to increase its production by up to 40%.
How it works (operates)
This company’s operations are mainly based in the Brucejack Mine, which is perceived as a high-grade gold mine. This underground gold mine is located in the Northwest of British Columbia. It is connected to a year-round, all-weather access road that links the mine to highway 37. These mine activities along with the camps are all grid-powered and have diesel back-up already set up.
As of 2019, the feasibility studies done reveal the following elements about the Brucejack Mine:
– It has a processing rate of 3,800 tonnes per day
– It has a mine life of 14 years
– It has total gold reserves of up to 6.4 million ounces.
The long-hole stopping method is used in this mine, along with longitudinal and transverse mining. The ore is usually crushed while still underground and is conveyed to the surface where processing begins immediately.
Pretium Resources managed to extract more than 300,000 ounces of gold in 2018, which a clear indicator that this company’s activities are mainly focused on the mining of gold. By the end of 2019, this company expects to have produced 420,000 ounces of gold, at an AISC of $775 to $875. Simply put, Pretium Resources exists for the production of gold.
Is it a genuine company?
Yes, it is very genuine. It has physical headquarters in Vancouver, from where most managerial tasks are ran. The main executive leaders oversee the day to day operations of Pretium Resources while at the physical offices in the headquarters. The main people in charge of this company’s business include:
– Joseph J. Ovsenek- CEO, President and Director
– Tom S.Q. Yip- Executive Vice President and Chief Financial Officer
– Michelle Romero – Executive Vice President, Corporate Affairs and Sustainability
– John Hayes- Senior VP, Business Development and Investor Relations
– Kenneth C. McNaughton- Vice President and Chief Exploration Officer
– Warwick Board – Vice President, Geology and Chief Geologist
– David Prins – Vice President of Operations, Brucejack Mine
– Vladimir Cvijetinovic – VP, Legal and Corporate Secretary
– Esteban Figueroa- General Manager, Brucejack Mine
Pretium Resources offers investment value through stock ownership plans. Investors can purchase this company’s stocks through the Toronto Stock Exchange. They are traded under the ticker PVG, as can be confirmed by checking this company’s stocks’ details on Bloomberg.
The performance of the stocks offered by Pretium Resources may take a very sudden twist when the greater forces of the market come into play. The prices can either skyrocket or take a very steep plunge. Even those who are experts in the stock markets cannot always predict some events, and this means that they can also end up losing their entire trading capital in the worst-case scenario. This is why one needs to only pick up investments that will not lead to this kind of exposure. Resource Insider gives you all the very valuable tips on the right assets to rely on, and also when to purchase them. This means that you will not have to make your way through the challenging stocks market, as you will have sufficient details to back up a particular investment recommendation.
Alternatives to Pretium Resources’ stocks
If you are looking for an alternative to what Pretium Resources offers, then you can do well with physical gold. Unlike the stocks this company offers, physical gold has established its position as a safer investment asset that even investors at the beginner level can use. All that you need to do is to open a gold IRA with a company that will hold your hand all through the investment period and safeguards your interests. Regal Assets is one such company that anyone can rely on, provided they have the money required to purchase the physical gold and to cater for the custodial services.
Think about it:
You may have already seen what happens to stock prices every time there is a major economic crisis. Investing in physical gold through a gold IRA will present you with a list of many benefits, including the professional services of the custodians who guide you on how to structure your portfolio.
With a company such as Regal Assets, for example, you can invest in an IRA.
I also want to recommend Resource Insider as they let you invest like a Mining Magnate without you having to be one… If you want to profit from the mining industry and get (huge value) insider info.
Both of the companies mentioned here also offer other services that you as an investor might find very beneficial so it might be a wise thing of you to have a look at both of them and take advantage of their great FREE services to start with.
Our #1 recommendations (best of both worlds) below:
Pros and cons
It is always intelligent (and recommended) to look at both the positive sides as well as the negative ones and compare them against each other to get a better overall view over something, right? As always in our reviews we provide you with some clear points on both sides of the spectrum:
– Efficient mining methods
– Very productive mines
– Reasonable milestones
– The stocks it offers can be affected by external forces that as an investor may not have control over
Do You Own or represent Pretium Resources Inc?
If you are a representative, or associate of Pretium Resources Inc and have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to firstname.lastname@example.org.
Final words and verdict
Overall rating: (4 / 5)
Ok, I think that sums up the overall view of Pretium Resources Inc pretty good. It is a legit service for sure, however, if it is the right one for you or not is something you have to decide yourself. It is always a wise thing to educate yourself as much as possible in the areas you are interested in. It might be a good thing for you, however, make sure to get your info from more than one source.
You made a wise decision to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with that suits your particular needs the most.
What I would recommend?
There are many great investment services out there. We have many Gold Mining investment opportunities and services, coin dealers, IRA service providers, and financial services in general listed on this website, mostly for precious metals and Bitcoin but also for other alternative investments.
You can find the best from 2 worlds that we can recommend below:
I hope you found this short review of Pretium Resources Inc to be helpful and that you now have a better understanding of what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others! Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com