Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
Pretium Resources (TSE:PVG) produced 111,340 ounces of gold and generated revenue of $146.5 million during its second quarter, which was announced yesterday.
The company is up 18.5% today to $12.04 a share.
The company said all-in-sustaining costs per ounce of gold was $648. Mill feed grade averaged 14.9 grams per tonne gold for the quarter with gold recoveries averaging 97.7%.
Pretium is an intermediate gold producer operating in northern British Columbia.
Pretium was hammered in January after announcing disappointing production and cost forecasts.
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