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PVG - Pretium Resources: Never Sell The Bear's Skin Before One Has Killed The Beast
Pretium Resources Inc. (Canada)
Image: The Brucejack -Source: Mining
Investment Thesis
The Vancouver-based Pretium Resources (PVG) is a gold and silver miner operating one single operation in Canada called the Brucejack mine. Initially, the mine was developed by Robert Quartermain on October 28, 2010, for a price of $450 million. The mine started commercial production in 3Q'17 (please look at the chart below).
Pretium Resources released its third quarter of 2019, and bad news piled up, which scared off investors, and the stock tumbled 25% in one day.