Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Company”)
announces that Patrick Godin will be joining the Company as Vice
President and Chief Operating Officer effective August 1, 2020. Mr.
Godin will succeed David Prins, Pretivm’s Vice President,
Operations.
Mr. Godin brings more than 25 years of mining
industry experience to the Pretivm team. Most recently, Mr. Godin
was President, Chief Executive Officer and Director of Stornoway
Diamond Corporation, from January 2019 until June 2020. He joined
Stornoway Diamond in May 2010 as Vice President and Chief Operating
Officer and was directly responsible for the construction and the
operations of the Renard Diamond Mine, Québec’s first diamond
mine.
Prior to joining Stornoway Diamond, Mr. Godin
acted as Vice President, Project Development for GMining Services
Inc. (2008-2010), Vice-President of Operations for Canadian
Royalties Inc. (2007-2008), and President and General Manager of
CBJ-CAIMAN S.A.S. (2004-2007), a French subsidiary of Cambior Inc.
(now IAMGOLD Corporation), holder of the Camp Caïman gold mining
project located in French Guiana. Mr. Godin holds a bachelor’s
degree in mining engineering from Université Laval in Québec.
“I’m very pleased to welcome Patrick to the
Pretivm team,” said Jacques Perron, President and Chief Executive
Officer of Pretivm. “His successful leadership, extensive technical
and operational experience working in mines across the world and
broad knowledge of the mining business will be instrumental as we
continue to drive Pretivm’s success.”
About Pretivm
Pretivm is an intermediate gold producer with
the high-grade gold underground Brucejack Mine.
For further information contact:
Troy ShultzManager, 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.)
Regarding 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
(collectively herein referred to as “forward-looking information”),
including the “safe harbour” provisions of Canadian provincial
securities legislation and the U.S. Private Securities Litigation
Reform Act of 1995, Section 21E of the U.S. Securities Exchange Act
of 1934, as amended, and Section 27A of the U.S. Securities Act of
1933, as amended. Wherever possible, words such as “plans”,
“expects”, “guidance”, “projects”, “assumes”, “budget”, “strategy”,
“scheduled”, “estimates”, “forecasts”, “anticipates”, “believes”,
“intends”, “modeled”, “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 information. Forward-looking
information may include, but is not limited to: the Company’s
leadership transition plans; production and financial guidance, and
our expectations around achieving such guidance; our future
operational and financial results, including estimated cash flows
(including free cash flow forecasts) and the timing thereof;
expectations around grade of gold and silver production; Brucejack
Mine production rate and gold recovery rate; capital modifications
and upgrades, underground development and anticipated benefits
thereof, and estimated expenditures and timelines in connection
therewith, including with respect to maintaining a steady state
production rate of 3,800 tonnes per day; payment of debt, operating
and other obligations and commitments including timing and source
of funds; our mining (including mining methods), expansion,
exploration and development activities, including longitudinal
longhole stoping initiatives, the reverse circulation drill
program, our infill, expansion and underground exploration drill
programs and our grassroots exploration program, and the results,
costs and timing thereof; our operational grade control program,
including plans with respect to our infill drill program and our
local grade control model; grade reconciliation, updated geological
interpretation and mining initiatives with respect to the Brucejack
Mine; our management, operational plans and strategy; capital,
sustaining and operating cost estimates and timing thereof; the
future price of gold and silver; our liquidity and the adequacy of
our financial resources (including capital resources); our
intentions with respect to our capital resources; capital
allocation plans; our financing activities, including plans for the
use of proceeds thereof; the estimation of mineral reserves and
mineral resources including any updates thereto; parameters and
assumptions used to estimate mineral reserves and mineral
resources; realization of mineral reserve and mineral resource
estimates; our estimated life of mine and life of mine plan for the
Brucejack Mine; production and processing estimates and estimated
rates; estimated economic results of the Brucejack Mine, including
net cash flow and net present value; predicted metallurgical
recoveries for gold and silver; geological and mineralization
interpretations; development of our Brucejack Mine and timing
thereof; results, analyses and interpretations of exploration and
drilling programs; timelines and similar statements relating to the
economic viability of the Brucejack Mine, including mine life,
total tonnes mined and processed and mining operations; updates to
our mineral reserves and mineral resources and life of mine plan
for the Brucejack Mine, and the anticipated effects and timing
thereof; timing, receipt, and anticipated effects of, and
anticipated capital costs in connection with, approvals, consents
and permits under applicable legislation; our executive
compensation policy, approach and practice; our relationship with
community stakeholders; litigation matters; environmental matters;
payment of taxes, our effective tax rate and the recognition of our
previously unrecognized income tax attributes; new accounting
standards applicable to the Company, including methods of adoption
and the effects of adoption of such standards; statements regarding
U.S. dollar cash flows, currency fluctuations and the recurrence of
foreign currency translation adjustments; management and board of
directors succession plans; the impact of financial instruments on
our earnings; and the effects of the novel coronavirus (2019-nCoV)
outbreak as a global pandemic, including anticipated operational
and financial impacts, and our response and contingency 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,
the ability of the Company to successfully close a financing
pursuant to the base shelf prospectus or shelf registration
statement, when final or effective, and those risks identified in
our final short form base shelf prospectus and the documents
incorporated, or deemed to be incorporated, by reference. Our
forward-looking information is based on the assumptions, beliefs,
expectations and opinions of management on the date the statements
are made, including, without limitation, those set out in our
Annual Information Form and Form 40-F, each dated February 21,
2020, for the year ended December 31, 2019, our MD&A and our
other disclosure documents as filed in Canada on SEDAR at
www.sedar.com and in the United States through EDGAR at the
Security and Exchange Commission’s (the “SEC”) website at
www.sec.gov. 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. Forward-looking information involves statements about
the future and is inherently uncertain, and our actual achievements
or other future events or conditions may differ materially from
those reflected in the forward-looking information due to a variety
of risks, uncertainties and other factors. For the reasons set
forth above, readers should not place undue reliance on
forward-looking 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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