2019- Full Year GuidanceFrom Pretium's website.
Adjusted 2019 Production and Financial Guidance
Gold production in the first nine months of the year was 258,168 ounces. As a result of limited stope availability, gold production in the fourth quarter is expected to be in-line with third quarter production. Accordingly, we have adjusted our full year 2019 production guidance to between 340,000 ounces to 350,000 ounces of gold.
So we will be looking for 82,000 ounces minimum to achieve their new lowered guidance. The original guidance which Ovsenek gave was 390,000 to 420,000. He eventually threw up on that projection after Sept. 9 when PVG volume tripled and went straight down (10%) on no news. PVG has stated that they have accomplished all of the infrastructure to achieve 3800 tons per day so there should be no excuses in mill rate. Also, the gold rich stopes they couldn't mine in Q3 should have been mined in Q4. Ovsenek said in the Q3 report that they were seeking better grades.
So if they miss again today- we will certainly hear a whole new batch of excuses. Shareholders, and that includes the people on this board, should hold Ovsenek's feet to the fire and quit accepting his lame azz excuses.