Pretivm Announces Leadership Change
August 31 2020 - 8:00AM
Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Company”)
announces that Tom S.Q. Yip, Executive Vice President and Chief
Financial Officer, will be departing the Company on October 30,
2020 or such earlier date as may be mutually agreed. Further,
Pretivm is pleased to announce that Matthew Quinlan will be joining
the Company on September 9, 2020 as Vice President, Finance and,
following Mr. Yip’s departure, as Chief Financial Officer. Mr. Yip
will continue to assist in his current role until his departure, in
order to ensure an orderly transition.
Mr. Yip joined the Company in February of 2011
as a member of its Board of Directors, stepping down from that role
in 2015 to join Pretivm’s management as Chief Financial Officer
(“CFO”).
“I would like to thank Tom for his loyal service
over the last nine years with the Company,” said Jacques Perron,
President and Chief Executive Officer of Pretivm. “Tom was a key
member of the leadership team that successfully transitioned the
Company from exploration and development to a mid-tier gold
producer and I wish him much success in his future endeavours.”
Mr. Quinlan has 25 years of experience in
finance, capital markets and the global mining industry. Most
recently, he served as the interim CFO of Trevali Mining
Corporation and prior thereto, as the CFO of Dominion Diamond
Corporation, one of the world’s largest diamond mining companies.
Over the course of a fifteen-year career in investment banking, he
acted as lead advisor/underwriter in over $40 billion of
transactions in the global mining industry and was Managing
Director and Co-head of CIBC’s Global Mining investment banking
group. Mr. Quinlan holds a BSc. (Honours) in Mechanical Engineering
with Business Finance from University College London and The London
School of Economics and Political Science. He is a Chartered
Professional Accountant and is a Chartered Financial Analyst.
“I am delighted to welcome Matt to the Pretivm
team and am confident that his successful leadership and extensive
mining industry and finance experience will be invaluable as we
continue to build on Pretivm’s success,” said Mr. Perron.
“I’m excited to be joining Pretivm and look
forward to working alongside Jacques and the rest of the team to
further unlock value of the Company’s business,” said Mr.
Quinlan.
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 changes and transition 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
risks identified in our final short form base shelf prospectus and
Form F-10, each dated June 16, 2020 and the documents incorporated,
or deemed to be incorporated, by reference therein, 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 (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, including, without
limitation, those set out in the Pretivm Disclosure Documents.
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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