Pretium Resources Inc. (PVG.TO, PVG) was at last look up more than 3% in US pre-market trade after it reported fourth quarter adjusted earnings were US$12.7 million or $0.07 per share, which appears to have beaten forecasts around $0.05. PVG said it produced nearly 152,000 ounces of gold during the first six months of ramp-up at its Brucejack Mine, averaging 9.4 grams per tonne gold with an AISC of $852 per ounce of gold sold. The company also reported significant progress in implementing its primary strategic objectives of optimizing operations and achieving operational grade control. Pretivm President & CEO Joseph Ovsenek said, "Our financial performance was in line with our expectations for production ramp-up of Brucejack. Further, we have implemented several operational performance improvement initiatives, leveraging our experience in the fourth quarter of 2017.

Pretium added, "We are increasing our underground development rate to provide for optimal mining stope inventory, the integration of our grade control program is now underway and our financial health is robust. We expect to deliver on our H1 2018 production guidance of 150,000 to 200,000 ounces of gold, and to achieve steady-state production by mid-to-late 2018. We also anticipate we will see more momentum towards those achievements in Q2 2018 as our grade control program progresses. We remain confident in developing Brucejack into a premier low-cost intermediate gold producer by the end of 2019."

Price: 8.45, Change: -0.20, Percent Change: -2.31