Pretium Resources Inc (TSX:PVG)Industrial
Pretium Resources Inc is engaged in the exploration, acquisition and development of precious metal resources and properties in the Americas.
The company's principal operations include the Brucejack Project in northwest British Columbia.
The Canadian mining firm claims to have produced 1,316,439 ounces of the yellow metal till date.
In 2020, the mining company had produced 34,743 ounces of gold, and in the first quarter of 2021, it had produced 85,795 ounces of gold, reportedly.
The Brucejack mine is an underground, high-grade gold mine, located 65 kilometers to the north of Stewart, British Columbia.
In 2018, the company claimed to have received amended permits to increase its production by 40 per cent at the Brucejack mines.
According to an updated mineral reserve and resource estimate, Brucejack's Valley of the Kings has probable and proven reserves of 4.2 million ounces of gold.
The mining facility is powered by BC Hydro power grid. The mine is fully backed up with diesel reserves.
The mine life is 13 years, and till 2021, there are been 4.2 million oz gold of mineral reserves, the company claims.
The mining method at the Brucejack Project is long-hole stoping, which comprises longitudinal and transverse mining.
The company is presently focused on a near-mine exploration project-discovery at Hanging Glacier. It is composed of two zones: north and south.
The Browser Regional Project, another near-mine exploration project, covers about 20 kilometers area in the southeast of the Valley of the Kings deposits. The company expanded its regional exploration program to cover the majority areas of the Browser property in 2016.
The mining firm claims that the regional exploration program includes over 20,000 samples, prospecting, regional mapping, ground geophysics, airborne geophysics, data compilation and hyperspectral mapping.
Other targeted areas of the regional exploration program around the Brucejack project includes:
• A6 zone
• Koopa zone
• American Creek Zone
• Tuck zone
• Haimila Zone
It is listed on the Toronto Stock Exchange under the symbol 'PVG'.
2300 - 1055 Dunsmuir Street Four Bentall Centre, PO Box 49334 Vancouver, BC V7X 1L4