Canadian Mining Journal


Exclusive interview: Pretium’s Ovsenek responds to Brucejack ramp-up criticisms

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.

The company attributes the results to a delay in commissioning the “grade control system” at the mine, as well as flaws in its development plan related to areas lacking sufficient in-fill drilling.

Pretium president and CEO Joseph Ovsenek agreed to an exclusive interview with The Northern Miner to set the record straight …

Continue reading at The Northern Miner.