Pretium Resources (NYSE:PVG) +10.8% after-hours following strong beats in Q2 earnings and revenues, as its cash balance doubled through the quarter to $142.5M as a result of improved production at reduced costs.
Q2 production totaled 111,340 oz. of gold and 118,205 oz. of silver, with all-in sustaining costs of $648/oz. of gold sold.
PVG expects H2 gold production at the Brucejack mine in British Columbia of 200K-220K oz., for total FY 2018 gold production of 387K-407K oz.; as production has now reached steady state at Brucejack, PVG says an increased focus will be placed on operational efficiency to reduce costs.
PVG forecasts all-in sustaining costs for H2 at $710-$770/oz. of gold sold.
https://seekingalpha.com/news/3381478-pretium-resources-plus-11-percent-upside-q2-results