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Pretium closes US$480M debt facility, repurchases US$237M gold-silver stream

Pretium Resources Inc. closed its previously announced US$480 million debt facility with The Bank of Nova Scotia, Societe Generale and ING Capital LLC.

The loan will refinance its existing construction credit facility for the Brucejack gold mine in British Columbia of about US$423 million due Dec. 31.

The company also fully repurchased the callable 8% gold and silver stream for US$237 million that was sold as part of the construction financing package for developing the Brucejack mine.