PVG - Pretium Resources: A Challenging High-Grade Variable Deposit
- Pretium Resources released its third-quarter results on October 30, 2020. Revenues were $154.876 million, up from $135.48 million in 3Q'19, with a net profit of $31.175 million, or $0.17 per share.
- In the third quarter of 2020, the Brucejack Mine produced 86,136 ounces of gold, and the company sold 81,068 ounces at an all-in sustaining cost of $1,016 per ounce of gold sold.
- PVG is not adapted to long-term investment due to its risky profile relying on one mine and a challenging ore body. However, PVG is perfect for trading.
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Pretium Resources: A Challenging High-Grade Variable Deposit