Pretium Resources: Is There Still More Upside After 19% Spike In Stock? [Seeking Alpha]
Pretium Resources, Inc. Ordinary Shares (Canada) (PVG)
Last pretium resources, inc. ordinary shares (canada) earnings: 4/30 07:35 pm
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US:NYSE Investor Relations:
pretivm.com/investors/why-invest/default.aspx
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Source: Seeking Alpha
Summary Pretium Resources ( PVG ) spiked over 19% yesterday after the company posted phenomenal Q2 financial results - as cash flow surged last quarter. After such a strong run, investors might be asking is there more upside? I will answer that question as well as go over the risks that are still present. (Source: CNN Money) A Real Roller Coaster PVG has seen some significant highs and lows over the last year. The stock had a strong 2017 performance as it ended the year with a gain of 38.5% as its new high-grade Brucejack gold mine in Canada was ramping up. While Brucejack is just a small-scale operation, the grade is so robust that it's expected to produce over 500,000 ounces of gold annually over its first 8 years of operation (and 400,000 ounces per year over the 18 year life-of-mine). But in January of this year (when Brucejack should have been seeing increases in production), the company came out and shocked the market with the announcement that grade and
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