Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Company”)
today announced that it is currently managing 9 cases of COVID-19
among employees and contractors at the Brucejack Mine in British
Columbia. All are in isolation, remain in good health and have
exhibited limited symptoms. In partnership with the local health
authority, BC Northern Health, contact tracing was undertaken to
determine the potential for additional exposures. Close contacts,
identified through the tracing process, have been notified and
moved into isolation. Isolation protocols will remain in effect for
the duration established by Northern Health, with regular
monitoring for COVID-19 symptoms.
The Company has also become aware of employees
who are currently off site and have contracted the virus.
“The health and safety of our workforce and
surrounding communities remains our top priority,” said Jacques
Perron, President and Chief Executive Officer of Pretivm. “We will
do our best to help those affected and mitigate the risk of a
spread to others. We would like to thank our workforce for their
dedication and commitment as we continue to operate Brucejack
safely.”
The Company has developed COVID-19 management
plans and implemented enhanced protocols and preventative measures
to mitigate the spread of COVID-19 and protect the well-being of
its employees, contractors, their families, local communities and
other stakeholders. Pretivm continues to follow the stringent
COVID-19 infection prevention guidance and directives of federal,
provincial and regional authorities in respect of general and mine
site-specific protocols and is working in close partnership with
its medical service provider and BC Northern Health.
The Company continues to closely monitor the
situation and will provide updates when deemed appropriate and
otherwise in line with its continuous disclosure obligations.
Throughout the COVID-19 pandemic, the Brucejack
Mine has operated continuously under the guidance and directives
provided by Ministry of Energy, Mines and Low Carbon Innovation
Guidance to Mining and Smelting Operations during COVID-19; BC
Ministry of Health, BC Centre for Disease Control: Protecting
Industrial Camp Workers, Contractors, and Employers Working in the
Agricultural, Forestry, and Natural Resource Sectors During the
COVID-19 Pandemic (July 28, 2020); and all applicable orders issued
by the Provincial Health Officer.
For more information on Pretivm’s approach to
managing COVID-19, go to:
https://www.pretivm.com/brucejack/Pretivms-COVID-19-Response/
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, statements with
respect to: the effects of the COVID-19 outbreak as a global
pandemic, including anticipated operational and financial impacts
and our response and contingency 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; the
Brucejack Mine processing rate and gold recovery rate; capital
modifications and upgrades, and underground development, and the
anticipated benefits thereof, and estimated expenditures and
timelines in connection therewith; our mining (including mining
methods), expansion, exploration and development activities,
including the reverse circulation drill program, and our
definition, sustaining, expansion and underground exploration drill
programs and our grassroots exploration program, and the results,
benefits, 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, operating and general and administrative cost
estimates and timing and anticipated benefits thereof; our
liquidity and the adequacy of our financial resources (including
capital resources); our intentions with respect to our capital
resources; capital allocation plans; 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; and the
geological and mineralization interpretations; development of our
Brucejack Mine and timing thereof. 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 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: the effect of a pandemic and
particularly the COVID-19 outbreak as a global pandemic on the
Company’s business, financial condition and results of operations
and the impact of the COVID-19 outbreak on our workforce, suppliers
and other essential resources and what effect those impacts, if
they occur, would have on our business, financial condition and
results of operations; the effectiveness of our COVID-19 management
plans, related protocols and preventative measures; our production,
grade of gold, milling recovery, cash flow and cost estimates,
including the accuracy thereof; commodity price fluctuations,
including gold and silver price volatility; the accuracy of our
Mineral Resource and Reserve estimates (including with respect to
size, grade and mining and milling recoverability) and the
geological, operational costs 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 and expansion
of our operations; our need or ability to raise enough capital to
mine, develop, expand or complete further exploration programs on
our mineral properties; our ability to generate operating revenues
and cash flow in the future; failure of counterparties to perform
their contractual obligations; general economic conditions; the
inherent risks in the mining industry; the commercial viability of
our current and any acquired mineral rights; availability of
suitable infrastructure or damage to existing infrastructure;
transportation, processing and refining risks; maintaining
satisfactory labour relations with employees and contractors;
significant governmental regulations, including environmental
regulations; non-compliance with permits that are obtained or delay
in obtaining or renewing, failure to obtain or renew permits
required in the future; increased costs and restrictions on
operations due to compliance with health, safety and environmental
laws and regulations; compliance with emerging climate change
regulation and the detrimental effects of climate change; adequate
internal control over financial reporting; various tax-related
matters; potential opposition from non-governmental organizations;
uncertainty regarding unsettled First Nations rights and title in
British Columbia; maintaining our social license to operate;
uncertainties related to title to our mineral properties and
surface rights; land reclamation and mine closure requirements; our
ability to identify and successfully integrate any material
properties we acquire; currency exchange rate fluctuations;
competition in the mining industry for properties, qualified
personnel and management; our ability to attract and retain
qualified management and personnel; disruption from changes in
management team or failure to successfully transition new hires or
promoted employees into their roles; the ability of our new
executives to successfully transition into their roles; compliance
with foreign corrupt practices regulations and anti-bribery laws;
changes to rules and regulations, including accounting practices;
limitations in our insurance coverage and the ability to insure
against certain risks; reputational risks; future sales or
issuances of our debt or equity securities; the trading price of
our common shares is subject to volatility due to market
conditions; and certain actions under United States federal
securities laws may be unenforceable. This list is not exhaustive
of the factors that may affect any of our forward-looking
information. Although we have attempted to identify important
factors that could cause actual results, actions, events,
conditions, performance or achievements to differ materially from
those contained in forward-looking information, there may be other
factors that cause results, actions, events, conditions,
performance or achievements to differ from those anticipated,
estimated or intended.
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 operations and that no significant event will occur outside of
our normal course of business and operations (other than as
expressly set out herein); the impact of the COVID-19 outbreak,
including on our operations and workforce; planned exploration,
development and production activities and the results, costs and
timing thereof; future price of gold and silver and other metal
prices; the accuracy of our Mineral Resource and Mineral Reserve
estimates and related information, analyses and interpretations
(including with respect to any updates or anticipated updates); the
geology and mineralization of the Brucejack Project; operating
conditions; capital and operating cost estimates; production and
processing estimates; the results, costs and timing of future
exploration and drilling; timelines and similar statements relating
to the economic viability of the Brucejack Mine; 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; and favourable
equity and debt capital markets; stability in financial capital
markets. Although we believe that the assumptions inherent in
forward-looking information are reasonable as of the date of this
news release, these assumptions 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. The Company cautions
that the foregoing list of assumptions is not exhaustive. Other
events or circumstances could cause actual results to differ
materially from those estimated or projected and expressed in, or
implied by, the forward-looking information contained in this news
release.
Additional information about the risks and
uncertainties concerning forward-looking information and material
factors or assumptions on which such forward-looking information is
based is provided in 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”).
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, including, without limitation, those referred to in this
news release and the Pretivm Disclosure Documents. 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. Neither the TSX nor the NYSE has approved or
disapproved of the information contained herein.
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