With only about $100-million remaining to be spent and a little more than a year to go before production starts in the third quarter of 2017, project developer Pretium Resources on Wednesday said that construction of its high-grade Brucejack mine, in British Columbia, was on schedule and expected to cost less that previously thought.
Upon achieving the 60%-construction milestone, Pretium late last year undertook the cost estimate update, reporting that the project could now be completed for $640.8-million, $106.1-million below the June 2014 feasibility estimate. The company had also made provision for $56-million in working capital for the first three months of operation after commissioning.
