04:41:56 EDT Fri 29 Mar 2024
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Pretium Resources Inc
Symbol PVG
Shares Issued 185,342,800
Close 2019-12-06 C$ 13.45
Market Cap C$ 2,492,860,660
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Globe says amid buyouts, Pretium is last man standing

2019-12-09 09:01 ET - In the News

The Globe and Mail reports in its Monday edition that with deal-making in the gold sector heating up once again, attention is turning to which company might be swept up next. The Globe's Niall McGee writes that some industry players wonder about Pretium Resources. In the past two weeks, three big gold deals have been unveiled. Among them is the Nov. 25 agreement by Kirkland Lake Gold to acquire Detour Gold for $4.9-billion. If Detour disappears, Vancouver-based Pretium would be one of the last large single-asset gold companies left in Canada, making it a prime target. "Pretium is certainly the asset that sticks out now," said Jon Case at Sentry Investments Inc. Given its size, and profitability, Pretium would be of interest to many senior gold mining companies as a potential acquisition, Mr. Case added. Pretium operates the high-grade Brucejack mine in British Columbia. Last year, the company produced 376,000 ounces of gold, at an all-in sustaining cost of $764 an ounce, making it among of North America's lowest-cost and highest-margin producers. Barrick Gold has already expressed an interest in Pretium. In January, chief executive officer Mark Bristow mused about buying Pretium, but later walked that back.

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