Jay Taylor, of Face the Analyst, Interviews Robert Quartermain, President and CEO of Pretium Resources (TSX:PVG) - Video Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, July 15, 2011 - Jay Taylor, Editor of J. Taylor's
Gold, Energy & Tech Robert Quartermain, President and CEO of Pretium Resources
(TSX:PVG)
This video is one of Jay Taylor's "Face the Analyst" series of interviews, and
is available for viewing on InvestmentPitch.com. If this link is not enabled,
please visit www.InvestmentPitch.com and enter "Pretium" in the search box.
Pretium Resources Highlights
Pretium is creating value through gold at its advanced-staged exploration
projects Brucejack and Snowfield, located 65 kilometers north of the town of
Stewart in northern British Columbia. Pretium is advancing the high-grade,
underground gold opportunity at Brucejack and the open pit opportunities at both
Brucejack and Snowfield. The combined bulk tonnage resource at Brucejack and
Snowfield, one of the largest in North America, comprises over 34 million ounces
of measured and indicated gold resources and 22 million ounces of inferred gold
resources; and 192 million ounces of measured and indicated silver resources and
202 million ounces of inferred silver resources.
Snowfield
In May 2011, Pretium announced the signing of a Mutual Confidentiality and
Cooperation Agreement and a Mutual Access Agreement with Seabridge Gold Inc.,
whose KSM project shares a common boundary with Snowfield. The Mutual
Confidentiality and Cooperation Agreement provides for, amongst other things,
the completion of an engineering study examining the economics of combining
Pretium's Snowfield project and Seabridge's KSM project into one operation. The
study is expected to be completed in the fourth quarter of 2011.
Brucejack
A preliminary economic assessment (PEA) examining the economics of a higher
grade mining operation at the Brucejack Project was completed in June 2011. The
PEA outlined a 1,500 tonnes/day operation underground operation producing an
annual average, for the first 10 years, of 173,000 ounces of gold and 1.1
million ounces of silver. Total life of mine (16 years) production is 2.16
million ounces of gold and 14.72 million ounces of silver.
The base case estimated pre-tax Net Present Value discounted 5% is estimated to
be US$662 million with an internal rate of return of 27.1%, using base case
US$1,100/oz gold and US$21/oz silver. The Project has an Net Present Value of
US$1.416 billion and internal rate of return of 48.3% using $1,536.36 gold and
US$37.89 silver. Capital cost, including contingencies, is estimated at US$281.7
million, with estimated operating costs of C$158.36/tonne milled.
A drill program of over 50,000 meters is now underway, a majority of which will
be concentrated on areas of known high-grade mineralization. A particular
emphasis is definition drilling on the Valley of the Kings Zone, where previous
drilling has encountered multi-kilogram intersections in parallel zones. On
completion of the 2011 drilling program, a new mineral resource estimate will be
prepared which will form the basis for an updated PEA. Concurrent with the study
update, Pretium will either proceed with a pre-feasibility study or advance
directly to a full feasibility study for the Brucejack high-grade project.
For more information on, visit their website at www.pretivm.com, phone
604-558-1784 or email: invest(at)pretivm.com.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 15.07.2011 - 19:40 Uhr
Sprache: Deutsch
News-ID 56453
Anzahl Zeichen: 4321
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Kategorie:
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