Mr. Joseph Ovsenek reports
PRETIVM ANNOUNCES SUCCESSION PLAN FOR EXECUTIVE CHAIRMAN
Pretium Resources Inc. executive chairman and founding shareholder Dr. Robert Quartermain will retire from the company on Dec. 31, 2019. Pretium's board of directors has undertaken a succession plan to ensure a smooth transition and will elect a new chair prior to year-end. It has also initiated a search process to identify a new director.
Dr. Quartermain indicated that in making the announcement at the company's annual general meeting today, he wanted to give the board ample time to plan the transition prior to his retirement.
"I have had the great pleasure over the past nine years to work with the highly professional team at Pretium in developing the Brucejack project into Canada's newest, profitable, high-grade gold mine. Brucejack has evolved as envisaged when Pretium was launched in 2010, and as a major shareholder, I have full confidence in Pretium's president and [chief executive officer], Joe Ovsenek, and the operating team that he has put together at the company to continue to deliver value for all Pretium shareholders from this premier gold asset," said Dr. Quartermain.
Lead director, George Paspalas, speaking on behalf of the board of directors and management and employees, said: "We extend our thanks to Bob for his leadership and vision that took Brucejack from an exploration project to a fully fledged Canadian gold producer in just over nine years. We have benefited greatly from his wise counsel and his many contributions on our path as a company, and on behalf of all of us, I wish him every success and enjoyment of his well-earned retirement."
Dr. Quartermain was elected executive chairman of Pretium on Jan. 1, 2017. He had served as chairman and chief executive officer from October, 2010, to December, 2016, and as president from October, 2010, until May, 2015. Prior to joining the company, Dr. Quartermain was the president and chief executive officer of Silver Standard Resources Inc. (now SSR Mining Inc.) from January, 1985, to January, 2010.
About Pretium Resources Inc.
Pretium is a low-cost intermediate gold producer with the high-grade gold underground Brucejack mine.
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