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Pretium Resources Inc. (PVG) announced its Q3 2020 results, highlighting gold production of 86,136 ounces and total production of 259,443 ounces for the year-to-date. Average AISC stood at $1,016 per ounce, with free cash flow reaching $66.8 million in Q3. The company maintained its 2020 production guidance of 325,000 to 365,000 ounces. Net earnings for Q3 were $31.2 million ($0.17 per share), a significant increase from the previous year. Cash and cash equivalents as of September 30 were $175 million.
Pretium Resources Inc. (PVG) will release its third quarter 2020 operational and financial results after market close on October 29, 2020. The subsequent webcast and conference call discussing these results will be held on October 30, 2020, at 8:00 am PT (11:00 am ET). Investors can access the call via the company's website. Pretium is recognized as an intermediate gold producer, operating the high-grade Brucejack Mine.
Pretium Resources (PVG) announces leadership changes effective September 30, 2020. Tom S.Q. Yip resigns as Chief Financial Officer but will support a transition until October 30, 2020. Matthew Quinlan will take over the CFO role. Additionally, Kenneth C. McNaughton, Vice President and Chief Exploration Officer, is retiring, having significantly impacted the company's exploration success since 2011. CEO Jacques Perron acknowledged McNaughton's contributions to transforming Pretium into a mid-tier gold producer.
