Pretium Resources Announces Departure of CFO From Firm

Pretium Resources (TSX: PVG) (NYSE: PVG) this morning announced the departure of its chief financial officer Tom S.Q. Yip. While its unclear what terms the departure is on, Yip will be leaving the company at the end of October as mutually agreed between Pretium and Yip.

Taking Yip’s place will be that of Matthew Quinlan, who has currently joined the company in the role of Vice President of Finance. Following Yip’s departure, Quinlan will move into the executive role. Previous roles held by Quinlan include the interim CFO of Trevali Mining Corp (TSX: TV), as well as the CFO of Dominion Mining Corp. Prior to these roles, he served as Managing Director and co-head of CIBC’s global mining investment banking group.

Yip originally joined the company in 2011, serving on the board of directors. He stepped down from the board in 2015 so that he could join the management team as CFO. Notably, Yip was involved in transitioning the firm from exploration and developing to that of a gold producer.

It’s unclear if Yip elected to resign from the company, or if he was requested by the company to do so. Regardless, he has elected to to assist in his role until his departure to ensure an orderly transition.

Pretium Resources last traded at $12.77 on the NYSE.

Information for this briefing was found via Sedar and Pretium Resources. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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