Company News

BUZZ-Pretium Resources Inc: Soars on Brucejack Mine Q3 production

** Canadian miner’s U.S.-listed shares jump as much as 22 pct to $11.82, top pct gainer on NYSE

** U.S.-listed shares hit more than 7-month high, TSX stock hits more than 5-month high

** Company says its Brucejack Mine produced 82,203 ounces of gold in Q3

** Analysts at Credit Suisse had expected production of 81,000 ounces, while BMO analysts had expected 71,000 ounces

** Brucejack mine is a high-grade gold mine located in British Columbia for which Pretium got $540 mln in 2015 in financing to develop the mine and start production this year

** Analysts at BMO Capital Markets say, “We would be buyers on this news”

** RBC analysts expect Brucejack to exit the year at steady production levels

** Up to Tuesday’s close on a YTD basis, U.S.-listed stock of company had risen 17.5 pct while Canadian stock had risen ~9 pct (Reporting by Anirban Paul in Bengaluru)