Pretivm Provides Leadership Transition Update
September 25 2020 - 6:00PM
Further to its announcement regarding leadership change in respect
of the Chief Financial Officer role (see news release dated August
31, 2020), Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the
“Company”) announces that Tom S.Q. Yip, Executive Vice President
and Chief Financial Officer, will step down from his role as Chief
Financial Officer of the Company on September 30, 2020. Mr. Yip
will continue to serve as Executive Vice President and assist with
an orderly transition until October 30, 2020. Matthew Quinlan, Vice
President, Finance, will succeed Mr. Yip as Chief Financial Officer
of the Company effective September 30, 2020.
Additionally, Pretivm announces that Kenneth C.
McNaughton, Vice President and Chief Exploration Officer, has
informed the Company that he will be retiring effective September
30, 2020.
Mr. McNaughton has been responsible for
Pretivm’s greenfield exploration programs since joining the Company
in 2011, shortly after it was formed to advance the early
exploration-stage Brucejack Project. He had led the exploration
programs for both the Brucejack and Snowfield projects prior to
their acquisition by Pretivm and had been responsible for the
exploration program in 2009, when bonanza-grade drilling results
established Brucejack as a high-grade gold discovery. Most
recently, Mr. McNaughton led Pretivm’s team responsible for the
Bowser regional exploration program.
“Ken was instrumental in the formation of
Pretivm and its transformation from an exploration company to a
mid-tier gold producer,” said Jacques Perron, President and Chief
Executive Officer of Pretivm. “I would like to thank Ken for his
years of service with the Company and wish him a happy
retirement.”
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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