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Pretivm is creating value through gold, producing 376,012 oz Au in 2018 at the 100% owned Brucejack Mine and firmly establishing the company as an Intermediate Producer.
The Brucejack Mine is a high-grade gold underground mine located in northwestern British Columbia, approximately 65 kilometers north of Stewart. In 2018, Pretivm has received amended permits to increase production by 40% to 3,800 tpd.
An updated Mineral Reserve and Resource Estimate outlines Proven and Probable Reserves in Brucejack's Valley of the Kings of 6.4 million ounces of gold (16 million tonnes grading 12.6 grams per tonne).
At $1,300 gold, Brucejack now has an estimated after-tax net present value at a 5% discount rate of $2.59 billion over a 14-year mine life.
Pretivm trades on the TSX and NYSE under the ticker symbol "PVG".
Established Intermediate Producer
Achieved steady state production
376,012 oz gold produced in first full year of production
Repurchased 100% of the precious metals stream for US$ 237M
Closed US$480M bank debt facility to refinance construction credit facility
Received amended permits to increase production by 40% to 3,800 tpd