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PVG - Pretium Resources: An Impressive Second Quarter
Pretium Resources Inc. (Canada)
Image: The Brucejack -Source: Mining
Investment Thesis
The Vancouver-based Pretium Resources (PVG) released its second quarter of 2020 results on August 5, 2020. It was excellent overall and beat analysts' expectations. Below a chart summarizing the performance historically.
Two critical elements when it comes to Pretium is the company debt strategy and to figure out the Brucejack ore body. I think the new CEO, Jacques Perron, seems well aware of these two issues. With the gold price above $1,900 per ounce, the company will be able to produce more free cash flow,