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Pretium Resources gets $540M in financing for Brucejack project

Sep. 16, 2015 9:10 AM ETNewcrest Mining Limited (NCMGF) Stock, NCM:CA StockBy: Carl Surran, SA News Editor
  • Pretium Resources (PVG) says it will move forward with development of its Brucejack project in British Columbia after securing a $540M financing package from Orion Mine Finance Group and Blackstone Tactical Opportunities.
  • PVG says the financing, which provides for immediate access to $340M at closing, will fund a substantial portion of the costs to develop an underground mine at Brucejack.
  • PVG says it has received all major regulatory permits required to begin development work.

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