Pretivm Adds Two New Directors with Extensive Mining Experience
November 14 2019 - 5:00AM
Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”)
is pleased to announce that its Board of Directors (the
“Board”) has appointed Richard O’Brien and Jeane Hull as
independent directors of the Company. Mr. O’Brien will assume the
role of Board Chair following the retirement of Robert Quartermain,
Executive Chairman, on December 31, 2019.
Mr. O’Brien previously served as President and
CEO of Newmont Mining Corporation and President and CEO of Boart
Longyear Limited. During his career, Mr. O’Brien has also served as
a CFO at Newmont as well as at several power and utility companies.
Mr. O’Brien serves on the Boards of Xcel Energy Inc. and Vulcan
Materials Company.
Ms. Hull previously held the positions of Chief
Operating Officer for Rio Tinto plc at the Kennecott Utah Copper
Mine and Executive Vice President and Chief Technical Officer of
Peabody Energy Corporation. Ms. Hull is a Registered
Professional Engineer and currently serves on the Boards of Epiroc
AB, and Interfor Corporation.
“I am very pleased to welcome Richard and Jeane
to the Board. They both bring extensive industry experience
at this important juncture in the company’s evolution that will
complement the skill sets of our directors,” said Robert
Quartermain, Executive Chairman of Pretivm. “It has been a great
personal privilege to have been involved with Pretivm from
exploration through to its development as a profitable mid-tier
gold producer. As incoming Chair, Richard brings a depth of
understanding of the gold business that will be instrumental in
helping the Board steward Pretivm to its next level of success for
shareholders.”
About Pretivm
Pretivm is a low-cost intermediate gold producer
with the high-grade underground Brucejack Mine in northern British
Columbia.
For further information contact:
Joseph Ovsenek |
Troy Shultz |
President & CEO |
Manager, Investor Relations & |
|
Corporate Communications |
Pretium Resources Inc.Suite 2300, Four Bentall Centre, 1055
Dunsmuir StreetPO Box 49334 Vancouver, BC V7X 1L4(604)
558-1784invest@pretivm.com(SEDAR filings: Pretium Resources
Inc.)
Forward-Looking Information
This news release contains “forward-looking
information” and “forward looking statements” within the meaning of
applicable Canadian and United States securities legislation
(collectively herein referred to as “forward-looking information”),
including statements related to Board succession plans.
Forward-looking information is subject to a variety of known and
unknown risks, uncertainties and other factors that could cause
actual results, actions, events conditions, performance or
achievements to materially differ from those expressed or implied
by the forward-looking information, including, without limitation,
those related to: uncertainty as to the outcome of legal
proceedings; the effect of indebtedness on cash flow and business
operations; the effect of restrictive covenants in our agreements;
assumptions regarding expected capital costs, operating costs and
expenditures, production schedules, economic returns and other
projections; our production and production cost estimates,
including the accuracy thereof; commodity price fluctuations,
including gold price volatility; the accuracy of our Mineral
Resource and Reserve estimates (including with respect to size,
grade and recoverability) and the geological, operational and price
assumptions on which they are based; uncertainties relating to
Inferred Mineral Resources being converted into Measured or
Indicated Mineral Resources; our ability to maintain or increase
our annual production of gold at the Brucejack Mine or discover,
develop or acquire Mineral Reserves for production; dependency on
the Brucejack Mine for our future operating revenue; the
development of our properties; general economic conditions; the
inherent risk in the mining industry; significant governmental
regulations, including environmental regulations; currency
fluctuations, and such other risks, uncertainties and other factors
as are identified in Pretivm’s Annual Information Form dated March
28, 2019, Form 40-F dated March 28, 2019, MD&A and other
disclosure documents as filed in Canada on SEDAR at www.sedar.com
and in the United States through EDGAR at the SEC’s website at
www.sec.gov (collectively, the “Pretivm Disclosure Documents”). Our
forward-looking information is based on the assumptions, beliefs,
expectations and opinions of management on the date the statements
are made, many of which may be difficult to predict and beyond our
control. In connection with the forward-looking information
contained in this news release, we have made certain
assumptions about, among other things: our business and that no
significant event will occur outside of our normal course of
business; planned exploration and development activities and
the costs and timing thereof; future prices of gold and silver and
other metal prices; the accuracy of our Mineral Resources and
Mineral Reserve estimates; the geology and mineralization of the
Brucejack Project; operating conditions; capital and operating cost
estimates; production and process estimates; the results,
costs and timing of future exploration and drilling; timelines and
similar statements relating to the economic viability of the
Brucejack Project; timing and receipt of governmental, regulatory
and third party approvals, consents, licenses and permits;
obtaining required renewals for existing approvals, consents,
licenses and permits; the geopolitical, economic, permitting and
legal climate that we operate in; the adequacy of our financial
resources and our ability to raise any necessary additional capital
on reasonable terms; our ability to satisfy the terms and
conditions of our debt obligations; commodity prices; currency
exchange rates and interest rates; political and regulatory
stability; requirements under applicable laws; market competition;
sustained labour stability and availability of equipment; positive
relations with local groups; favourable equity and debt capital
markets; stability in financial and capital markets, and such other
factors and assumptions as are identified in the other Pretivm
Disclosure Documents. Although we believe that the assumptions
inherent in the forward-looking information are reasonable as of
the date of this news release, they are subject to significant
business, social, economic, political, regulatory, competitive and
other risks and uncertainties, contingencies and other factors that
could cause actual actions, events, conditions, results,
performance or achievements to be materially different from those
projected in the forward-looking information. Forward-looking
information is not a guarantee of future performance. There can be
no assurance that forward-looking information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information. 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, readers should not place undue reliance on forward-looking
information. Neither the TSX nor the NYSE has approved or
disapproved of the information contained herein.
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