Junior Gold Miner Shines on Operating, Financial Results

Pretium Resources Inc. (TSX:PVG), a junior gold miner, climbed after announcing Q1 operating and financial results

Sean Mason | May 3, 2019 | SmallCapPower

Better-than-expected financial results sent shares of a junior gold miner surging Friday. Here’s some small stocks making big moves on Friday, May 3, 2019 (as of 4 pm EST):

Pretium Resources Inc. (TSX:PVG) shares jumped 14% to $10.82 on Friday after the junior gold miner announced operating and financial results for the first quarter 2019 that exceeded Street expectations. The Company said its Brucejack mine generated nearly $40 million in cash from operations during the quarter, allowing it to pay down $20 million of debt ahead of schedule.

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As well, shares of Eldorado Gold Corporation (TSX:ELD) slipped 18% to $4.57 as the gold producer revealed first-quarter financial results that fell short of analyst expectations on lower-than-expected sales volumes during the quarter.

Maxar Technologies (TSX:MAXR), meanwhile, reported that its insurance carriers have accepted the Company’s $183 million claim for loss arising from the WorldView-4 satellite on-orbit failure, and have agreed to pay Maxar that full amount under their insurance policies. Maxar Technologies stock moved up 24% to $8.74 following the announcement.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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