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4/11/18

Pretium (PVG) 1q18 production

Here's a NR. Here's a chart:



The 9.1 g/t average grade was crappy again. As for the overall production number,back in previous MD&As PVG had this written:
On December 15, 2016, we announced an updated Mineral Reserve estimate for Brucejack’s Valley of the Kings deposit, with Proven and Probable Mineral Reserves in the Valley of the Kings increased to 8.1 million ounces gold (15.6 million tonnes grading 16.1 grams per tonne). The Proven Mineral Reserves in the Valley of the Kings increased to 1.6 million ounces gold (3.3 million tonnes grading 14.5 grams per tonne gold) which is sufficient for the first three years of mine life.

The way things are going, that 1.6m oz gold will be enough for 5.2 years of production, not 3. Assuming the banks don't pull the plug on the debt before then, of course.