PVG - Pretium Resources: With Lower Expectations This Canadian Gold Producer May Be Worth A Look

• Pretium operates the high-grade Brucejack gold mine in Canada, producing 300,000-400,000 ounces per year and generating significant free cash flow.
• Unpredictable quarterly performance due to complex geology has led to big swings in the share price over the past few years.
• The erratic mine plan may be stabilizing after management has reset expectations at Brucejack with significantly lower grades, and a solid Q2 sent the shares up 25% in a day.
• A rare single-asset producer in a top jurisdiction makes Pretium a takeover target with gold near all-time highs.
• Suitors may be waiting to see how the next few quarters of production go before making a bid.

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