Pretium draws down final $16 million under revolving facility

By Wendy Van Sickle

Columbus, Ohio, April 2 – Pretium Resources Inc. gave notice to draw down the remaining $16 million from its $200 million revolving credit facility, according to a news release Thursday.

On March 31, prior to the drawdown, the company said it had about $40 million of cash on hand.

In addition to the $200 million drawn on the revolver, Pretium has $183.3 million outstanding under its term credit facility.

The company said the Covid-19 pandemic did not have an impact on its first-quarter gold production, but may have a significant future impact on production if the company is not able to maintain operations. The company said it expects a modest impact on costs if operations continued with enhanced safety measures.

The gold, copper and silver exploration company is based in Vancouver, B.C.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.