PVG - Pretium Resources: Soft Q2 Ahead Could Set Up A Buying Opportunity

• Pretium Resources released its Q1 results last month, reporting quarterly gold production of ~85,800 ounces at all-in sustaining costs of $1,005/oz.
• This translated to a 3% increase in gold production year-over-year, though costs did come in slightly higher due to COVID-19 related costs, and a stronger Canadian Dollar.
• While the company has guided for a soft Q2, FY2021 guidance has been maintained, and the company remains in good shape to meet its guidance mid-point of 345,000 ounces.
• Given that Pretium remains a single-asset producer with industry average margins and declining annual EPS year-over-year, I see better opportunities elsewhere in the sector.

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