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PVG - Pretium Resources: History Repeats Itself Investors Have To Face Another Bloodbath
Pretium Resources Inc. (Canada)
Yesterday, Pretium Resources (PVG) released its Q4 2019 financial results, as well as its 2020 production and cost guidance. Although the Q4 numbers were more or less in line with the revised guidance, which Pretium's CEO Joseph Ovsenek tried to highlight, the 2020 guidance presents a huge disappointment. Another evidence that the company got into a crisis is the announced "Leadership Transition Plan." In other words, the current CEO is about to be replaced soon. The resulting market reaction was understandable. On February 11, Pretium's share price ended the trading session at $9.57.