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Pretivm Reports 2019 Results, Production Outlook and Leadership Transition Plan

Written by Customer Service on . Posted in Public Companies.

2019 Gold production: 354,405 ounces
2020 Gold production guidance: 325,000 to 365,000 ounces2020 Estimated free cash flow1: $100 million – $170 million at a gold price of $1,450Brucejack Mine Preliminary Production Outlook: Ongoing gold production in the Valley of the Kings expected to be in line with the guidance range for 2020All amounts are in US dollars unless otherwise noted. This release should be read in conjunction with the Company’s Financial Statements and Management’s Discussion and Analysis (“MD&A”) available on the Company’s website and on SEDAR and EDGAR.VANCOUVER, British Columbia, Feb. 12, 2020 (GLOBE NEWSWIRE) — Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) announces results for the fourth quarter and full year 2019, with 2019 gold production of 354,405 ounces at an all in sustaining cost1 (“AISC”) of $888 per ounce of gold sold. Free cash flow1 for 2019 was $184.2 million and total debt decreased by $180.4 million compared to year-end 2018 (See Key Operating Metrics and Key Financial Metrics tables below.)“In 2019, we beat the upper end of our revised gold production guidance and the lower end of our AISC guidance of 350,000 ounces and $900 per ounce of gold sold,” said Joseph Ovsenek, President and CEO of Pretivm. “In addition, we substantially exceeded our debt reduction target. Brucejack continues to be consistently profitable and a strong cash generator.”Pretivm also announces its 2020 guidance, a preliminary outlook for ongoing gold production in the Valley of the Kings and a leadership transition plan for the role of President and CEO.2020 Guidance

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