Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Company”)
today announces that a Covid-19 outbreak has been verbally declared
at the Brucejack Mine by the BC Northern Health Medical Health
Officer. To protect the health and safety of our workforce and
local communities, the Company has implemented enhanced outbreak
protocols which include restrictions on travel to and from the
Brucejack Mine Camp until site wide testing and an assessment by BC
Northern Health can be completed.
Currently, the Company is managing 14 cases of
COVID-19 among employees and contractors at the Brucejack Mine,
this includes those previously announced 9 cases (see news release
dated February 7, 2021). All are in isolation, remain in good
health and have exhibited limited symptoms. The Company has also
become aware of employees and contractors who are currently off
site and have contracted the virus. In partnership with 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 BC Northern Health, with
regular monitoring for COVID-19 symptoms.
“The health and safety of our workforce and
surrounding communities remains our top priority and our primary
focus is to support all employees and contractors at the mine
site,” said Jacques Perron, President and Chief Executive Officer
of Pretivm. “Following the information provided by BC Northern
Health we have implemented travel restrictions, as part of our
established outbreak protocols, to mitigate the risk of
transmission and limit impacts.”
Operations continue at the Brucejack Mine and
the Company will continue to closely monitor the situation and
provide updates as appropriate.
The Company has established 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.
Throughout the COVID-19 pandemic, the Brucejack
Mine has operated continuously under the 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 and at the Brucejack Mine Camp, 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 and at the
Brucejack Mine Camp 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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