Shares in Vancouver firm up 7% after inking debt-equity-streaming deal for 7 million ounce Brucejack underground gold mine near Alaska border.
Pretium Resources Mining News
A high-grade gold mine that Pretium Resources Inc. (TSX:PVG) plans to develop near Stewart, B.C. is generating a lot of buzz from mining analysts, at least one of whom thinks the company is a likely takeover target.
Shares in Vancouver's Pretium Resources jump on news construction of super high-grade Brucejack gold-silver mine near Alaska border can now start.
Robert Quartermain has been appointed Chairman and Chief Executive Officer.
Pretivm is among the most valuable non-producing gold companies in the world currently.
The bulk sample results come after an independent consultant walked away from the project in October, claiming there were 'no valid mineral resources.'
Shares of Pretium Resources were up 80% on Friday, trading at $5.52 apiece, after the Canadian gold miner reported bulk samples that surpassed targets.
Another hit after the company's qualified person resigned.
A bureaucrat in Washington can open his mouth and send the price of gold up or down 5% in an afternoon.
For most investors, the market for gold and silver stocks resembles a battlefield littered with the dead and dying, especially after the last day or two.
Pretium Resources on track with Brucejack project after positive feasibility study.