Gold and Silver Updates


Pretium Assets’ latest drill outcomes, undervalued exploration potential and 2021 plan are lined in a BMO Capital Markets report.

In a Dec. 17 analysis be aware, BMO Capital Markets analyst Andrew Mikitchook reported that Pretium Resources Inc. (PVG:TSX; PVG:NYSE) made a brand new discovery on the Hanging Glacier zone, which is 4 kilometers northwest of its Brucejack mine in British Columbia.

“Though nonetheless early, the constant mineralization over broad intervals at shallow depths is encouraging and highlights the exploration leverage round Brucejack as a district,” Mikitchook wrote.

The analyst reviewed the outcomes of 2020 drilling in Hanging Glacier, which examined soil anomalies and adopted up on mineralization encountered in 2015.

Drilling at North Hanging Glacier encountered mineralization with grades and thicknesses corresponding to these of the ore now being mined at Brucejack. Particularly, a 100-meter (100m) stepout from a earlier gap, intersected 1.3 grams per ton (1.3 g/t) gold over 101m, together with 0.68 g/t gold over 10.5m, together with 2.1 g/t gold over 102m, together with 9.55 g/t gold over 13m.

At South Hanging Glacier, the drill bit hit broad intervals of low-grade gold plus a shorter intercept in an epithermal-style vein: 8.97 g/t gold and 5,150 g/t silver over 1m.

About 30 kilometers east-southeast of Hanging Glacier is the Koopa zone. Drill outcomes from there returned 0.94 g/t gold over 1.5m and 1,675 g/t silver, 2.72% lead and seven.23% zinc over 1.1m.

“These outcomes spotlight the exploration potential regionally to Brucejack that, in our opinion, is broadly undervalued by the market,” commented Mikitchook.

Subsequent yr, the analyst identified, Pretium plans 195,000m of drilling to embody three varieties: definition (40%), in useful resource and sustaining (20%) and useful resource growth (40%). Of the entire, 10,000m will likely be drilled within the Hanging Glacier zone in mild of the 2020 outcomes. One other 8,000m are slated to check for added targets close to the Brucejack mine and to increase the mineralization across the identical.

BMO has an Outperform ranking and a CA$18.50 per share goal worth on Pretium. The inventory is buying and selling now at about CA$14.53 per share.



1) Doresa Banning compiled this text for Streetwise Studies LLC and supplies companies to Streetwise Studies as an impartial contractor. She or members of her family personal securities of the next firms talked about within the article: None. She or members of her family are paid by the next firms talked about on this article: None.

2) The next firms talked about on this article are billboard sponsors of Streetwise Studies: Pretium Assets. Click on here for necessary disclosures about sponsor charges.

3) Feedback and opinions expressed are these of the particular consultants and never of Streetwise Studies or its officers. The data offered above is for informational functions solely and isn’t a suggestion to purchase or promote any safety.

4) The article doesn’t represent funding recommendation. Every reader is inspired to seek the advice of together with his or her particular person monetary skilled and any motion a reader takes because of info introduced right here is his or her personal accountability. By opening this web page, every reader accepts and agrees to Streetwise Studies’ phrases of use and full authorized disclaimer. This text is just not a solicitation for funding. Streetwise Studies doesn’t render normal or particular funding recommendation and the knowledge on Streetwise Studies shouldn’t be thought-about a suggestion to purchase or promote any safety. Streetwise Studies doesn’t endorse or suggest the enterprise, merchandise, companies or securities of any firm talked about on Streetwise Studies.

5) Infrequently, Streetwise Studies LLC and its administrators, officers, staff or members of their households, in addition to individuals interviewed for articles and interviews on the location, could have an extended or quick place in securities talked about. Administrators, officers, staff or members of their quick households are prohibited from making purchases and/or gross sales of these securities within the open market or in any other case from the time of the choice to publish an article till three enterprise days after the publication of the article. The foregoing prohibition doesn’t apply to articles that in substance solely restate beforehand revealed firm releases. As of the date of this text, officers and/or staff of Streetwise Studies LLC (together with members of their family) personal securities of Pretium Assets, an organization talked about on this article.

Disclosures from BMO Capital Markets, Pretium Assets, December 17, 2020


Analyst’s Certification

I, Andrew Mikitchook, hereby certify that the views expressed on this report precisely replicate my private views concerning the topic securities or issuers. I additionally certify that no a part of my compensation was, is, or will likely be, straight or not directly, associated to the particular suggestions or views expressed on this report.

Analysts who ready this report are compensated based mostly upon (amongst different elements) the general profitability of BMO Capital Markets and their associates, which incorporates the general profitability of funding banking companies. Compensation for analysis relies on effectiveness in producing new concepts and in communication of concepts to shoppers, efficiency of suggestions, accuracy of earnings estimates, and repair to shoppers.

Firm Particular Disclosures

Disclosure 5: BMO Capital Markets or an affiliate acquired compensation for services or products apart from funding banking companies inside the previous 12 months from Pretium Assets.

Disclosure 6C: Pretium Assets is a shopper (or was a shopper) of BMO Nesbitt Burns Inc., BMO Capital Markets Corp., BMO Capital Markets Restricted or an affiliate inside the previous 12 months: C) Non-Securities Associated Providers.

Disclosure 8A: BMO Capital Markets or an affiliate has a monetary curiosity in 1% or extra of any class of the fairness securities of Pretium Assets.

Disclosure 9B: BMO Capital Markets makes a market in Pretium Assets in United States.

For Essential Disclosures on the shares mentioned on this report, please click on here.


Source link