Pretium Resources: Ramp-Up Continues For Brucejack Gold Mine
Pretium Resources Inc. (TSX, NYSE: PVG) reports continued progress in the ramp-up of the Brucejack Mine in British Columbia, with steady state production targeted for the end of 2017. “With the grade ramping up and the mill now exclusively processing stope ore, production of doré and flotation concentrate has increased,” the company reports. As a result of this and the proceeds from the sale of doré and flotation concentrate, the company says it expects to achieve positive working capital by the end of this quarter. The plant is consistently operating at nameplate capacity of 2,700 tonnes per day or better, Pretium says. “Optimization of the gold recovery process is ongoing and the start-up issues encountered within the gold room have been addressed,” the company says. “The production of metallic slag has been eliminated. Gold recovery at the shaker table has significantly improved, and overall, gold recoveries are currently exceeding 95%.” Pretium says it plans to announce third-quarter gold production sometime in October.