Pretium Resources reports increases in Valley of the Kings' mineral grade

|About: Pretium Resources Inc (PVG)|By:, SA News Editor

In an update of its Brucejack project, Pretium Resources (NYSE:PVG) reports increases in its Valley of the Kings mineral reserve gold grade.

Valley of the Kings' proven and probable mineral reserves total 6.9M oz. of gold (13.6M metric tons grading 15.7 grams of gold/ton).

Estimates mine life of 18 years producing ~7.27M oz. of gold.

Foresees average annual production of 504K oz. of gold over the first eight years and 404K oz. of gold over mine life.

Estimated project capital cost, including contingencies, is $747M.