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PVG - Pretium Resources: The Disappointing News Continues
Pretium Resources Inc. (Canada)
It's been a brutal start to 2020 for Pretium Resources (PVG), after the company posted one of the weakest FY-2019 earnings reports in the sector, missing guidance by a country mile. Unfortunately, investors have had to sit on edge since the report, with the market awaiting the bigger catalyst, an updated life of mine plan. The wait finally came to an end this week, with Pretium's updated mine plan shaving more than 25% off of annual production, as well as a massive reduction in grades. This dramatic second revision to the initial mine plan