https://www.miningweekly.com
Gold|Resources
Gold|Resources
gold|resources

Pretivm meets its guidance for the first time

Pretium Resources' sole operating mine, Brucejack in British Columbia.

Pretium Resources' sole operating mine, Brucejack in British Columbia.

19th January 2021

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Canadian miner Pretium Resources (Pretivm) has reported gold production of 347 743 oz, which is slightly above the midpoint of its target range, and in line with what the company expects to produce this year.

Meeting its production target was a company first, with CEO Jacques Perron noting that it was the first time in Pretivm’s history that it has achieved its yearly production guidance.

“[This] demonstrates the hard work and perseverance of our team in light of the exceptional challenges we faced this year,” he said in a statement on Monday.

In 2020, the Brucejack mine, in British Columbia, produced at an average grade of 8.5 g/t and an average gold recovery of 97%. In the fourth quarter, Brucejack produced 88 299 oz of gold at an average grade of 8.9 g/t .

The company ramped-up to an average processing rate of 3 800 g/d in the month of December. 

Pretivm’s guidance for 2021 is to produce 325 000 oz to 365 000 oz, with a midpoint of 345 000 oz, at an all-in sustaining cost of $1 060/oz to $1 190/oz. An average grade of 7.5 g/t to 8.5 g/t is targeted.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024
Resources Watch
Resources Watch
2nd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.105 0.145s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: