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PVG - Pretium Resources: Gold Surge Is An Excellent Tonic
Pretium Resources Inc. (Canada)
Image: The Brucejack -Source: Mining.com
Investment Thesis
The Vancouver-based Pretium Resources (PVG) is a junior gold and silver miner in Canada nearly completing its second year of commercial production. Initially, the mine was developed by Robert Quartermain on October 28, 2010, for a price of $450 million.
Pretium Resources released its second quarter of 2019. It was a straight quarter overall with a decent production that beat analysts' expectation. However, when I look at the numbers, I am still not impressed and can hardly justify a $2.2 billion in market capitalization for