Here's Why Pretium Resources Inc's Stock Is Crumbling Today [The Motley Fool]
Pretium Resources, Inc. Ordinary Shares (Canada) (PVG)
Last pretium resources, inc. ordinary shares (canada) earnings: 4/30 07:35 pm
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Source: The Motley Fool
The gold miner provided an update on production and released its 2018 outlook. Matthew DiLallo ( TMFmd19 ) Jan 23, 2018 at 11:43AM What happened Shares of Pretium Resources ( NYSE:PVG ) slumped on Tuesday and were down 20% at 10:30 a.m. EST after the gold miner announced a production update for its Brucejack mine and issued 2018 guidance. So what Pretium Resources said that it produced 70,281 ounces of gold during the fourth quarter of last year. That's a decline from 82,203 ounces of gold in the third quarter, which was the first full one of ramping up production at this mine. Driving the drop was a lower gold recovery rate, which was 95.8% in the quarter after totaling 96.5% in the third quarter. Image source: Getty Images. In addition to providing that production update, Pretium unveiled its guidance for the first half of 2018. It
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