Pretium Resources Reports Commercial Production At Brucejack Mine
Commercial production has been achieved at Pretium Resources Inc.’s (TSX, NYSE: PVG) Brucejack Mine in British Columbia, the company says. Under a credit agreement with lenders, the date of commercial production date is the first day of the month immediately following the first calendar month during which the process plant processes ore at an average rate of 60% of one-twelfth of yearly nameplate capacity (985,500 tonnes per year or 2,700 tonnes per day). During June, the process plant at Brucejack processed 70,805 tonnes of ore (87.4% of one-twelfth of yearly nameplate capacity) for an average of 2,360 tonnes per day, the company says. “Higher-grade ore has begun to be introduced to the process plant as work continues on optimizing recoveries in the gravity and flotation circuits,” the company adds.