Dallas, Texas 03/21/2014 (FINANCIALSTRENDS) –Pretium Resources Inc (NYSE:PVG) has been in the news lately with a spate of announcements, which has kept the media attention squarely focused on the stock of this $674 million market capped Canadian firm. The latest such announcement was that the company has secured the services of industry veteran Mr. James A. Currie as its Chief Operating Officer.
He has been tasked with the goal of overseeing the production of gold at its highly potential Brucejack Project. The project is currently in a development stage and is expected to help the firm increase its annual gold production substantially once it starts production. With Mr Currie taking over day to day operations at the Brucejack mine, its current Chief Development Officer Joseph J. Ovsenek has been moved upstairs into the role of Executive Vice President.
In his welcome address, Pretium Resources Inc (NYSE:PVG) President, Chief Executive Officer and Director Robert A. Quartermain has been quoted to have said that, “We welcome Jim to Pretivm’s senior management team as we begin to transition the Brucejack Project from an exploration success to a gold producer. It’s a critical period for any project, and he brings proven experience to manage that process effectively and efficiently, particularly with respect to both the operating environment in northern B.C. and our mining plans.”
The other major announcement form the firm that attracted a lot of media attention was its 4Q and full year 2013 operations earnings call. This was delivered in the first week of March, and the firm reported significant developments which are taking it towards a production mine in the later part of this fiscal year. During the first month of the fourth quarter, the company produced 4215 ounces of gold and in the last month that finished off the year, it reported extraction of 5865 ounces of gold.