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Pretium Resources Inc.: Brucejack Mine 2018 Production Update

Mining News - Published on Fri, 11 Jan 2019

Image Source: Junior Mining Network
Pretium Resources Inc has reported full year and fourth quarter 2018 gold production results and summary for its underground Brucejack Mine. Pretivm President & CEO Joseph Ovsenek, said “We ended 2018 on a successful note with the closing of the bank debt facility, repurchase of our precious metals stream, payout of our construction credit facility, receipt of amended permits to increase production to 3,800 tonnes per day and production of over 376,000 ounces of gold, all in our first calendar year of production which included six months of ramp up. Our successes can be attributed to the hard work of our team and the consistent profitability of the high-grade Brucejack Mine - the cornerstone of our plan to build Pretivm as a Tier 1 Canadian gold producer."

Full Year 2018 Production Summary
376,012 ounces of gold produced (achieving 97% of guidance of 387,000 ounces for the full year)
11.9 grams per tonne gold mill feed grade (12.9 g/t for 02-04 with grade control program implemented)
97.3% gold recovery rate
1,005,603 tonnes of ore milled

Fourth Quarter 2018 Production Summary
96,342 ounces of gold produced (achieving 95% of guidance of 200,000 ounces for the second half of 2018)
11.5 grams per tonne gold mill feed grade
97.0% gold recovery rate
267,048 tonnes of ore milled

Commercial production commenced at the Brucejack Mine in July 2017, with ramp-up continuing into the first half of 2018 and steady-state production achieved in July 2018. Key advances over the course of mining in 2018 have included the implementation in the first quarter of the grade control program into short-term mine planning.

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Posted By : Rabi Wangkhem on Fri, 11 Jan 2019
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