Welcome to our dedicated page for PVG news (Ticker: PVG), a resource for investors and traders seeking the latest updates and insights on PVG stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PVG's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PVG's position in the market.
Pretium Resources (TSX/NYSE: PVG) announced the successful completion of its acquisition by Newcrest Mining Limited (ASX/TSX/PNGX: NCM) on March 9, 2022. As a result, Pretivm will cease to be a reporting issuer and its shares will be delisted from the TSX on March 11, 2022, followed by delisting from the NYSE. Shareholders who did not elect for a specific consideration will receive C$9.25 in cash and 0.4042 Newcrest shares per Pretivm share. The company will no longer be publicly traded, marking a significant transition for its shareholders.
Pretium Resources Inc. (PVG) announced on February 27, 2022, that it has received all regulatory approvals for its acquisition by Newcrest Mining Limited, with the final approval under the Investment Canada Act granted on February 25, 2022. The transaction is expected to close on or around March 9, 2022, subject to customary conditions. Post-transaction, Pretium will cease to be a reporting issuer and its shares will be delisted from both the TSX and NYSE. The acquisition is seen as a favorable outcome for the company and its stakeholders, including employees and local communities.
Pretium Resources (PVG) announced that the Supreme Court of British Columbia approved its acquisition by Newcrest Mining. The Transaction received overwhelming approval from 95.48% of securityholders at a special meeting on January 20, 2022. It is still pending final approvals from the Toronto Stock Exchange and regulatory clearance under the Investment Canada Act. The acquisition is expected to close in Q1 2022, after which PVG shares will be delisted from the TSX and NYSE. The company is committed to sustainable development and operational excellence at its Brucejack Mine.
Pretium Resources Inc. (PVG) announced that 95.48% of its shareholders approved the acquisition by Newcrest Mining Limited via a plan of arrangement during a special meeting. Shareholders had the option to receive either C$18.50 in cash or 0.8084 Newcrest shares per Pretivm share. Due to proration, those electing cash will receive approximately C$10.81 and 0.3357 shares, while those opting for shares will receive the total share consideration. The transaction awaits final approval from the Toronto Stock Exchange and the British Columbia Supreme Court, expected to close in Q1 2022.
Pretium Resources Inc. (TSX/NYSE: PVG) announced a special meeting for shareholders on January 20, 2022, regarding its acquisition by Newcrest Mining Limited (ASX/TSX/PNGX: NCM). In a virtual format, registered shareholders will vote on the Arrangement Resolution following a premium offer of C$18.50 per Pretivm share, representing a 23% increase over the closing price as of November 8, 2021. Subject to approval, the deal, valued at approximately C$3.5 billion, is anticipated to close in Q1 2022, offering shareholders options for cash or Newcrest shares.
Pretium Resources (PVG) reported its third quarter 2021 results, highlighting safety achievements and upcoming acquisition by Newcrest Mining for C$18.50 per share. Gold production rose to 90,673 ounces, up from 86,136 ounces YoY, despite a 5.2% revenue drop to $146.8 million due to reduced gold prices. Net earnings were $22 million, down from $31 million in Q3 2020. AISC increased to $1,071 per ounce, and the company maintained $213.4 million in cash. Expansion drilling shows potential for increased mine life at Brucejack. The acquisition is anticipated to finalize in Q1 2022, pending approval.
Pretium Resources has entered a binding agreement with Newcrest Mining to acquire all outstanding shares of Pretium not already owned by Newcrest. The transaction offers Pretium shareholders a premium of 23% to the closing price and 29% to the 20-day volume-weighted-average price as of November 8, 2021. Shareholders can elect to receive C$18.50 in cash or 0.8084 Newcrest shares. The total equity value of the transaction is approximately C$3.5 billion. The deal requires approval from 66.67% of Pretium shareholders and is expected to close in Q1 2022.
Pretium Resources Inc. (PVG) announced a significant high-grade gold exploration discovery at the Golden Marmot Zone on its Brucejack Property in British Columbia. Key findings from the first nine drill holes revealed that eight intersected gold mineralization. Notably, drill hole SU-786 showed an impressive 72.5 grams per tonne gold over 53.5 meters. The Golden Marmot Zone shows potential for a new high-grade deposit, with ongoing assays expected to enhance the company's growth outlook. This discovery supports the likelihood of increased mine life and cash flow generation.
Pretium Resources Inc. (PVG) announced it will release its third quarter 2021 operational and financial results on November 11, 2021, after market close. A conference call and webcast will follow on November 12, 2021, at 5:00 am PT (8:00 am ET) to discuss these results. Investors can access the webcast on the company's website. Pretium operates the high-grade Brucejack Mine in British Columbia, focusing on gold production.
Pretium Resources Inc. (PVG) announced continued high-grade gold mineralization at the Brucejack Mine in British Columbia with the completion of Phase 3 of the North Block resource expansion drill program. Key results included seven intersections exceeding 1,000 grams per tonne gold, with the most significant being 7,360 grams per tonne over 1.0 meter. The program, consisting of 85 drill holes over 25,154 meters, aims to enhance resource confidence and explore north of the Valley of the Kings deposit. An updated Mineral Resource estimate is anticipated in the first half of next year.
