Pretivm Announces Senior Management Appointments
March 10 2014 - 5:06AM
Marketwired
Pretivm Announces Senior Management Appointments
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 10, 2014) -
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased
to announce the appointment of Mr. James A. Currie as Chief
Operating Officer of Pretivm where he will lead the development of
the high-grade gold Brucejack Project into production as an
underground mine. Joseph J. Ovsenek, Chief Development Officer, has
been promoted to Executive Vice President.
Mr. Currie led the construction and development of New Gold
Inc.'s New Afton gold mine in B.C. which went into production ahead
of schedule in 2012. During his tenure as Executive Vice President
and Chief Operating Officer of New Gold Inc., Mr. Currie was
responsible for three operating gold mines in the US, Australia,
and Mexico with cumulative operating budgets of over $300 million
and an operating profit of over $300 million. Over the course of
his 34-year career in the mining industry he has held roles in
senior management, engineering and operations, on a number of
projects that have progressed through feasibility to successful
operation on schedule and budget. Mr. Currie holds a Bachelor of
Applied Science degree with honours in mining engineering from
Queen's University and is a registered professional engineer.
"We welcome Jim to Pretivm's senior management team as we begin
to transition the Brucejack Project from an exploration success to
a gold producer," said President and CEO Robert Quartermain. "It's
a critical period for any project, and he brings proven experience
to manage that process effectively and efficiently, particularly
with respect to both the operating environment in northern B.C. and
our mining plans."
Mr. Ovsenek joined Pretivm in January 2011 as Chief Development
Officer and Director, and oversees a broad scope of Pretivm's
strategic corporate functions including financing and project
permitting. Prior to joining Pretivm, he was Senior Vice President,
Corporate Development at Silver Standard Resources Inc. Mr. Ovsenek
holds a Bachelor of Applied Science degree from the University of
British Columbia, a Bachelor of Laws degree from the University of
Toronto and is a registered professional engineer.
About Pretivm
Pretivm is creating value through gold at its high-grade gold
Brucejack Project, located in northern British Columbia. Permitting
of a high-grade underground gold mine at Brucejack is underway,
with commercial production targeted to commence in 2016.
Forward Looking Statements
This News Release contains "forward-looking information" and
"forward looking statements" within the meaning of applicable
Canadian and United States securities legislation. Forward-looking
information may include, but is not limited to, risks related to
information with respect to our planned exploration and development
activities, the adequacy of Pretivm's financial resources, the
estimation of mineral reserves and resources including the 2013
Valley of the Kings Mineral Resource estimate, realization of
mineral reserve and resource estimates and timing of development of
Pretivm's Brucejack Project, costs and timing of future
exploration, results of future exploration and drilling, production
and processing estimates, capital and operating cost estimates,
timelines and similar statements relating to the economic viability
of the Brucejack Project, timing and receipt of approvals, consents
and permits under applicable legislation, Pretivm's executive
compensation approach and practice, and adequacy of financial
resources. Wherever possible, words such as "plans", "expects",
"projects", "assumes", "budget", "strategy", "scheduled",
"estimates", "forecasts", "anticipates", "believes", "intends",
"targets" and similar expressions or statements that certain
actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved, or the negative forms of any
of these terms and similar expressions, have been used to identify
forward-looking statements and information. Statements concerning
mineral reserve and resource estimates may also be deemed to
constitute forward-looking information to the extent that they
involve estimates of the mineralization that will be encountered if
the property is developed.
Any statements that express or involve discussions with respect
to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not
statements of historical fact and may be forward-looking
information. Forward-looking information is subject to a variety of
known and unknown risks, uncertainties and other factors that could
cause actual events or results to differ from those expressed or
implied by the forward-looking information, including, without
limitation, those risks identified in Pretivm's Annual Information
Form dated March 18, 2013 filed on SEDAR at www.sedar.com and in
the United States on Form 40-F through EDGAR at the SEC's website
at www.sec.gov. Forward-looking information is based on the
expectations and opinions of Pretivm's management on the date the
statements are made. The assumptions used in the preparation of
such statements, although considered reasonable at the time of
preparation, may prove to be imprecise. We do not assume any
obligation to update forward-looking information, whether as a
result of new information, future events or otherwise, other than
as required by applicable law. For the reasons set forth above,
prospective investors should not place undue reliance on
forward-looking information. Neither the TSX nor the NYSE has
approved or disapproved of the information contained herein.
Pretium Resources Inc.Robert QuartermainPresident and Chief
Executive Officer(604) 558-1784invest@pretivm.comPretium Resources
Inc.Michelle RomeroVice President, Corporate Relations(604)
558-1784invest@pretivm.comwww.pretivm.com
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