IKN

Every why hath a wherefore

Pretium’s (PVG) golden parachute

Turns out Tom Yip got $1.3m for doing this:

VANCOUVER, British Columbia, Aug. 31, 2020 (GLOBE NEWSWIRE) — Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Company”) announces that Tom S.Q. Yip, Executive Vice President and Chief Financial Officer, will be departing the Company on October 30, 2020 or such earlier date as may be mutually agreed.

It sure didn’t sound like it at the time, either. And it’s not just juicy cheques for ex C-suiters, cost creep at PVG is everywhere you look this quarter.

2 Comments

    I know hope shouldn’t be part of your investment thesis, but I hope the new leadership at PVG gets costs under control and sets reasonable guidance. 20k meters of exploration drilling will be worth keeping an eye on too.

    Reply

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