Pretium Resources

Shares in Vancouver, Canada headquartered Pretium Resources Inc. closed the day 1.18% lower at $10.93. The stock recorded a trading volume of 1.93 million shares. The Company's shares have gained 16.52% in the last month, 10.18% over the previous three months, and 32.65% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 19.74% and 13.79%, respectively. Moreover, shares of Pretium Resources, which engages in the acquisition, exploration, and development of precious metal resource properties in the Americas, have an RSI of 61.97.

On February 03rd, 2017, Pretium Resources announced the acceleration of commissioning of the Brucejack Mine with dry commissioning now scheduled to commence in March and wet commissioning scheduled to commence in early April. The Company stated that an updated forecast of the capital cost to complete construction of the Brucejack Mine has been completed. The capital cost, including working capital, is now estimated to be US$ 811.1 million, an increase of 16% from the February 2016 capital cost estimates of US$ 696.8 million. The February 2017 forecast includes US$ 68.8 million of working capital for the first three months of production, but does not take into account any revenue generated during this period. Sign up for your complimentary report on PVG at:

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