Pretivm announces senior management changes
VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 7, 2015) – Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) (“Pretivm” or the “Company”) is pleased to report the following senior management changes as it positions for the advance of the Brucejack Project to development.
Robert Quartermain has been appointed Chairman and Chief Executive Officer. As President and CEO, Mr. Quartermain founded Pretivm and led the Company from its initial public offering in December 2010.
Joseph Ovsenek has been promoted to President, reporting to Mr. Quartermain. Mr. Ovsenek joined Pretivm in 2011 and as Executive Vice President has been responsible for leading strategic areas of the Company including permitting and financing. With over 20 years of management and legal experience in public resource companies, Mr. Ovsenek holds a Bachelor of Laws degree from the University of Toronto and is a registered member of the Association of Professional Engineers and Geoscientists of British Columbia. As President he will assume Pretivm’s day-to-day management.
Michelle Romero has been appointed Vice President, Corporate reporting to Mr. Ovsenek. Ms. Romero joined Pretivm in 2011 and has been responsible for the Company’s communication and investor relations functions. She will continue in this role with additional responsibility for corporate activities.
Kevin Torpy has been promoted to General Manager – Brucejack Mine reporting to Chief Operating Officer James Currie . Mr. Torpy joined Pretivm in 2011 as Director of Mine Engineering and assumed increasing responsibilities as Director of Operations. As General Manager he will be responsible for all mine site operations at Brucejack and Pretivm’s Smithers office.
Pretivm is advancing its 100%-owned Brucejack Project in northern British Columbia to production as a high-grade gold underground mine. Based on the results of the June 2014 Feasibility Study, Brucejack is expected to produce an average of 504,000 ounces of gold a year over the first 8 years and 404,000 ounces of gold a year over the 18-year mine life. Brucejack’s Valley of the Kings hosts Proven and Probable reserves totalling 6.9 million ounces of gold (13.6 million tonnes grading 15.7 grams of gold per tonne). Commercial production at Brucejack is targeted for 2017.