The stock of Canadian gold miner Pretium Resources (Pretivm) surged 25% on Thursday, as the company announced its second-quarter results and said that its free cash flow guidance for the entire year had been achieved in only the first six months.
In the first six months of the year, the owner of the Brucejack mine in British Columbia produced 173 307 oz of gold, generating $293.1-million in revenue and $124.6-million in free cash flow, at an average realised gold price of $1 677/oz.
The second quarter’s free cash flow was a record $82.7-million, reported CEO Jacques Perron on Thursday.