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PVG - Pretium Posts Another Disappointing Quarter But The Company Is In Best Shape Ever
Pretium Resources Inc. (Canada)
Only yesterday, Pretium Resources (PVG) released its Q3 2019 financial results. The results were good, the company generated a very nice cash flow, it was able to repay a portion of its debt and repurchase its off-take obligation. The problem is that the company promised and the investors expected more. Once again, things were not going as expected at the Brucejack mine. The gold production was lower than expected and also the 2019 production and cost guidance had to be modified. This is not good and a near-term share price weakness should be