Joe Ovsenek, executive vice president of Pretium Resources, talked at VRIC about his company’s 2015 plans. He also touched on the divisive nature of the Brucejack project.
At last week’s 2015 Vancouver Resource Investment Conference, put on by Cambridge House International, Resource Investing News had the chance to speak with Joe Ovsenek, executive vice president of Pretium Resources (TSX:PVG,NYSE:PVG).
He touched on how the company was able to close a financing for just over $80 million in today’s tough markets, also explaining what that money will be used for. “That money is dedicated for the development of a mine at Brucejack,” he said, adding, “we’re currently in the permitting process, we expect to get our BC environmental permits late March/early April. With those in hand, construction permits will follow on after that, and we expect to start construction in May or June this year. And then there’s a two-year build after that.”
Ovsenek also spoke briefly about the divisive effect Pretium seems to have on analysts and investors. “From our perspective, anyone who’s been to site, been underground, seen our resources, heard what we’re planning to do — they’re all on side and they can understand what we’re planning on doing,” he noted.
Watch the video below for more of what he had to say.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.