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PVG - Pretium Resources' Q1 In Line With The Guidance But Some Questions Remain
Pretium Resources Inc. (Canada)
Pretium Resources (PVG) released its Q1 2020 financial results. This time, the expectations were much lower. In February, Pretium released the 2020 guidance that envisioned production of 325,000-365,000 toz gold at an AISC of $910-1,060/toz. The guided numbers were a major disappointment as they were well below the mine plan updated only several quarters earlier. A new, more conservative mine plan was prepared in March. For now, it looks like the 2020 production target should be met. But the target set in the new mine plan not.