Topic: How To Invest

I’m wondering what you think of Pretium Resources Inc. Thank you.

Article Excerpt

Pretium Resources, $12.10, symbol PVG on Toronto (Shares outstanding: 86.6 million; Market cap: $1.0 billion; www.pretium.com), continues to focus on its advanced-stage Brucejack and Snowfield projects in northwestern B.C. Pretium aims to build an underground gold mine at Brucejack and open-pit mines at both Brucejack and Snowfield. Pretium believes the combined gold and silver resources at Brucejack and Snowfield are among the largest in North America. The company’s president and CEO, Robert Quartermain, built Silver Standard Resources, symbol SSO on Toronto, over a 25-year period from a junior explorer to a producer with a $2.1-billion market cap. Quartermain left Silver Standard in 2010, and then formed Pretium Resources. Pretium sold shares to the public and listed on Toronto in December 2010 at $6 a share. The share issue raised $265 million. Pretium then bought Brucejack and Snowfield from Silver Standard for $450 million—consisting of $215 million in cash and $235 million of Pretium shares. Silver Standard has since sold most of its Pretium shares, but…