Pretium Q4 2018 update: management is crazy but the mine did generate a lot of cash | Value Investing News

Pretium Q4 2018 update: management is crazy but the mine did generate a lot of cash

  • On the earnings call, management stated that grades would be higher in the second half of 2019.
  • We’re going to be running a few test stopes longitudinally this quarter, and we’re opening up part of the deposit for longitudinal longhole stoping.
  • The part that is hard to reconcile is that Pretium so far has pretty much produced at roughly 80% of the 425,000 oz / year rate (if the mine operated at 2700tpd rather than its higher current rate).
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