https://www.engineeringnews.co.za

Pretivm maintains guidance despite Q1 Covid outbreak

5th May 2021

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

British Columbia miner Pretium Resources (Pretivm) will achieve its 2021 operation and financial guidance, despite the near-five-week Covid-19 outbreak that occurred at its Brucejack mine.

Operations were maintained throughout the novel coronavirus outbreak, although mining, milling and other development and exploration activities continued at reduced rates.

Production of 85 795 oz of gold was reported for the first quarter, which was higher than the 82 888 oz of the corresponding quarter of 2022. The increase was mainly owing to the higher mill head grade of 8.2 g/t, slightly offset by lower throughput.

Gold production in the second quarter, however, will be below the guidance range on a yearly basis, owing to the impact of the Covid-19 outbreak on operational activities, Pretivm said on Tuesday.

However, the miner’s full-year guidance of 325 000 oz to 365 000 oz at an all-in sustaining cost of $1 060/oz to $1 190/oz should be met.

Despite the challenges of February and March, Pretivm delivered a profitable quarter with $142.4-million in revenue and generated $51-million in free cash flow, which allowed the miner to reduce its debt.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.049 1.075s - 140pq - 2rq
Subscribe Now