Pretium Resources Inc. Reports Production Results for the Fourth Quarter and Full Year Ended December 31, 2019; Provides Production Guidance for the Year 2020
For the full year, the company reported gold production of 354,405 ounces against 376,012 ounces a year ago. Silver production was 516,977 ounces against 422,562 ounces a year ago. Ore mined was 1,359,403 wet tonnes against 1,055,208 wet tonnes a year ago. Ore milled was 1,303,001 dry tonnes against 1,005,603 dry tonnes a year ago.
For the year 2020, Gold production at the Brucejack Mine for 2020 is expected to be in the range of 325,000 to 365,000 ounces. The production rate for 2020 is expected to be 3,800 tonnes per day with average annual gold grade ranging between 7.6 grams per tonne to 8.5 grams per tonne at a targeted gold recovery of 97%. The midpoint of 2020 gold production guidance is slightly below 2019 actual production.