Vancouver Resource Investment Conference Jan 20, 2014

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Vancouver Resource Investment Conference Jan 20, 2014

  1. 1. Vancouver Resource Investment Conference January 20, 2014
  2. 2. CAUTIONARY STATEMENT Forward Looking Information This Presentation contains ‘‘forward-looking information’’ and forward-looking statements within the meaning of applicable Canadian and United States securities legislation. Forward-looking information may include, but is not limited to, information with respect to the anticipated production and developments in our operations in future periods, our planned exploration and development activities, the adequacy of our financial resources, the estimation of mineral reserves and resources, realization of mineral reserves and resource estimates, costs and timing of development of the projects we currently intend to acquire (the “Projects”), costs and timing of future exploration, results of future exploration and drilling, timing and receipt of approvals, consents and permits under applicable legislation, our executive compensation approach and practice, the composition of our board of directors and committees, and adequacy of financial resources. Wherever possible, words such as ‘‘plans’’, ‘‘expects’’ or ‘‘does not expect’’, ‘‘budget’’, ‘‘scheduled’’, ‘‘estimates’’, ‘‘forecasts’’, ‘‘anticipate’’, ‘‘believe’’, ‘‘intend’’ and similar expressions or statements that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will’’ be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions have been used to identify forward-looking information. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered if the property is developed. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be forward-looking information. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information including, without limitation, those risks identified in our Annual Information Form dated March 18, 2013 filed on SEDAR at www.Sedar.com and in the United States on Form 40-F through EDGAR at the SEC’s website at www.sec.gov. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Forward-looking information involves statements about the future and is inherently uncertain, and our actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Prospectus under the heading ‘‘Risk Factors’’. Our forward-looking information is based on the beliefs, expectations and opinions of management on the date the statements are made, and we do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking information. National Instrument 43-101 Technical and scientific information contained herein relating to the Projects is derived from National Instrument 43-101 (“NI 43-101”) compliant technical reports (“Reports”) “Mineral Resources Update Technical Report” dated November 20, 2012 and “Feasibility Study and Technical Report on the Brucejack Project, Stewart, BC” dated June 21, 2013. We have filed the Reports under our profile at www.sedar.com. Technical and scientific information not contained within the Reports for the Projects have been prepared under the supervision of Mr. Kenneth C. McNaughton, an independent “qualified person” under NI 43-101. This presentation uses the terms “measured resources”, “indicated resources” (together “M&I”) and “inferred resources”. Although these terms are recognized and required by Canadian regulations (under NI 43-101), the United States Securities and Exchange Commission does not recognize them. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There is no guarantee that all or any part of the mineral resource will be converted into mineral reserves. In addition, “inferred resources” have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre feasibility studies, or economic studies, except for a Preliminary Assessment as defined under NI 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable. Currency Unless otherwise indicated, all dollar values herein are in Canadian $. 2
  3. 3. An investment in Gold  High-grade underground gold project  Commercial production target 2016  Located in British Columbia, Canada 3
  4. 4. BRUCEJACK CORE AND ROCK SAMPLES • Get good pictures of our gold rock samples 4
  5. 5. BRUCEJACK PROJECT LOCATION Red Chris Mt Milligan 220km Terrace 5
  6. 6. BC EXPLORATION (1,2,3) Exploration Expenditures in BC 800000000 700000000 600000000 500000000 400000000 300000000 200000000 100000000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Brucejack & Snowfield Total BC Mineral (1) BC Stats – Ministry of Technology, Innovation and Citizens’ Services Ministry of Energy and Mines (2) Pretium Resources Inc. – Consolidated Financial Statements for the Years Ended Dec 31, 2013 and 2011 (3) Silver Standard Resources Inc. - Annual Report 2010 6
  7. 7. HIGH-GRADE GOLD RESERVES(1,2,3) Valley of the Kings Mineral Reserve Estimate – May 16, 2013 Category Probable (1) (2) (3) Tonnes (mil) Gold (g/t) Silver (g/t) 15.1 13.6 11.0 Contained Gold Silver (mil oz) (mil oz) 6.6 5.3 West Zone Mineral Reserve Estimate – May 16, 2013 Category Proven Probable Total P&P Contained Tonnes Gold Silver Gold Silver (mil) (g/t) (g/t) (mil oz) (mil oz) 5.7 309 0.4 19.9 2.0 1.8 5.8 172 0.3 10.1 3.8 5.8 243 0.7 30.0 Source: Feasibility Study and Technical Report on the Brucejack Project, dated June 21, 2013 Base case metals prices of US$1,350 /oz gold and US$20/oz silver The June 2013 feasibility study is based on the November 2012 Mineral Resource estimate for the Brucejack Project and will be amended in 2014. 7
  8. 8. MILESTONES TO PRODUCTION 2013  Completed Feasibility Study (June)  Completed underground bulk sample program and exploration  Updated Resource Estimate (December) H1 2014  File Environmental Assessment Certificate Application  Amend Feasibility Study H2 2014/ 2015  Anticipate Environmental Assessment Certificate  Mine construction 2016  Commission, ramp-up, commercial production at Brucejack Gold Mine 8
  9. 9. DECEMBER 2013 RESOURCE ESTIMATE  The updated Valley of the Kings Resource estimate announced in December (6) added Measured gold Resources and increased gold grade: Valley of the Kings Mineral Resource estimate - December 2013(1),(4) (Based on a cut-off grade of 5.0 grams of gold-equivalent/tonne(5)) Category Measured Indicated M&I Inferred(2) Tonnes (millions) 2.0 13.4 15.3 5.9 Gold (g/t) 19.3 17.4 17.6 25.6 Silver (g/t) 14.4 14.3 14.3 20.6 Contained(3) Gold (million oz) 1.2 7.5 8.7 4.9 Silver (million oz) 0.9 6.1 7.0 3.9  The June 2013 Feasibility Study will be amended using the December Valley of the Kings Mineral Resource estimate (6) (1) Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues. The Mineral Resources in this news release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council. (2) The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as an Indicated or Measured Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category. (3) Contained metal figures and totals may differ due to rounding of figures. (4) The Mineral Resource estimate stated in Table 1 is defined using 10 m by 10 m by 10 m blocks in the in Valley of the Kings. (5) The gold equivalent value is defined as AuEq = Au + Ag/53. (6) See news release dated December 19, 2013. 9
  10. 10. VALLEY OF THE KINGS: STOCKWORK N S ~0.5 m Domain 20 Cleo West Drift 615L West Raise 10
  11. 11. MINING THE VALLEY OF THE KINGS  Long-hole stoping mining method  Bulk sample program conclusions:  Stockwork is well-defined  Excellent rock competency  Waste rock disposal proven  Proven logistics  Trade-off study underway for staged development potential in order to manage Capex S 100 m Valley of the Kings proposed mining stopes 15m wide X 30m high (June 2013 Feasibility Study) 11
  12. 12. PROCESSING REFINEMENT  Gravity and flotation concentration  Producing gold/silver concentrate and doré  Bulk sample program gold recoveries averaged 98%  Evaluate increasing recoveries in amended Feasibility Study (from 95% in June 2013 FS)  Opportunity to simplify flow sheet 12
  13. 13. OPTIMIZED SITE LAYOUT 13
  14. 14. JUNE 2013 FEASIBILITY STUDY (1,2)  The June 2013 Feasibility Study is based on the November 2012 Mineral Resource estimate for the Brucejack Project and will be amended in 2014 to incorporate the December 2013 Mineral Resource estimate for the Valley of the Kings. (4) Processing rate 2,700 tonnes per day Mine life 22 years Total gold production 7.1 million oz Average annual gold production 425,700 ounces (years 1-10) 321,500 ounces (life of mine) Average gold grade 14.2 g/t (years 1-10) 12.0 g/t (life of mine) All-in sustaining cash cost per oz(3) $508/oz Capex (including contingencies) US$663.5 million Total operating costs C$156.46/t milled Internal Rate of Return 42.9% (pre-tax) 35.7% (post-tax) Net Present Value (5% discount) US$2.69 billion (pre-tax) US$1.76 billion (post-tax) (1) (2) (3) (4) Source: Feasibility Study and Technical Report on the Brucejack Project, (Tetra Tech) dated June 21, 2013 Base case metals prices of US$1,350 /oz gold and US$20/oz silver Includes by-product cash costs, sustaining capital, exploration expense and reclamation cost accretion See Slide 9 14
  15. 15. 2014 AMENDED FEASIBILITY STUDY (1)  Uses Measured & Indicated Resources  Uses lower metals prices, updated exchange rates    $1,100 gold, $17 silver $0.92 CAD:US Optimized site layout  Reduced surface prep  Cost and time savings   (1) Refinements underway for mining, metallurgy and flow sheet based on results of 2013’s Valley of the Kings bulk sample program Amended Brucejack Project Feasibility Study expected Q2 The amended Brucejack Project Feasibility Study will be based on the December 2013 Mineral Resource estimate for the Valley of the Kings. See slide 9. 15
  16. 16. REGIONAL WATERSHED AREA • Drainage pathways and watershed boundaries CASCADE map BRUCEJACK LAKE (not fish habitat) BRUCEJACK PROJECT 16
  17. 17. BRUCEJACK PERMITTING Brucejack Lake is not fish habitat  Nearest fish 20 km away  Waterfalls and Sulphurets Glacier impede fish migration Brucejack Lake is 100 meters deep Up to 50% of tailings to be deposited in the Lake, with total volume of tailings stored in bottom 30 meters Focus on minimizing potential for suspended solids to discharge from Brucejack Lake 50% or more of tailings to be used for paste backfill and deposited underground      Reclamation Permit Mine Development Certificate issued April 15, 1993 1986 Permitted for exploration and exploration road Reclamation Completion 1993 1999 1989 1998 Approval in principle for development of a mine at West Zone Project Assessment Certificate 2011-2012 2006 Anticipate Environmental Commercial Assessment Certificate production target 2014 2013 Project Assessment Project Description Certificate allowed to under review for expire underground mine at Brucejack’s Valley of the Kings 2016 2015 Construction, commissioning 17
  18. 18. COMMUNITY ENGAGEMENT  Commercial relationships with local First Nations during the exploration phase at Brucejack have been mutually successful  Examples of Brucejack Project contracts with First Nation development corporations include camp construction, access road maintenance, waste rock disposal  The proposed mine will provide approximately 800 jobs during construction and 500 jobs during operations  We will continue to extend both commercial contract and employment opportunities to locals whenever possible Stewart warehouse constructed by development corporation of Skii km Lax Ha First Nation 18
  19. 19. THE NEXT SIX MONTHS: Q1 2014  File 43-101 Technical Report for December 2013 Mineral Resource estimate update  Technical sessions on Resource estimate (to be webcast)  Process 1,000 tonnes of high-grade ore from 2013 exploration program  Plan for excavation of additional 1,000 tonnes of high-grade ore  File Environmental Assessment Certificate application Q2 2014  Amend Feasibility Study  Plan underground exploration program  Potential production of additional 1,000 tonnes of high-grade ore 19
  20. 20. ADDITIONAL EXPLORATION POTENTIAL N Valley of the Kings Access Ramp SU-498 0.5m @ 3,874 g/t Au Bulk Sample VU-136 0.5m @ 1,100 g/t Au SU-526 1.16m @ 4,195 g/t Au Brucejack Fault Approximate surface projection of December 2013 Indicated resources 200 m 20
  21. 21. HIGH-GRADE GOLD WITH SIZE 16.0 Kirkland Lake Mine (Kirkland Lake) Proven + Probable Gold Grade (g/t) 14.0 Pogo Mine (Sumitomo) Valley of the Kings Probable Gold (1): 6.6 Moz. @ 13.6 g/t Au 12.0 Red Lake Mine (Goldcorp) 10.0 Eleonore (Goldcorp) Kensington Mine (Coeur) 8.0 Cerro Negro (Goldcorp) El Penon Mine (Yamana) 6.0 Casa Berardi (Hecla/Aurizon) 4.0 2.0 0.0 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 Proven + Probable Gold Reserves (mm oz) Data source: Companies (1) Valley of the Kings reserves based on June 2013 Feasibility Study to be amended in 2014 using updated Mineral Resource estimate. 21
  22. 22. SHAREHOLDING & ANALYST COVERAGE Retail, 29% Top Shareholders(2) Silver Standard, 18% Institutions, 49% Management, 4% Capital Structure (1) (shares in millions) Public Float Silver Standard Shares Total Issued & Outstanding Shares Incentive Options Total Fully Diluted Shares 86.0 19.0 105.0 9.8 114.8 Market Cap (at January 16, 2014) C$673 million Working Capital (at Sept. 30, 2013) C$34.8 million (1) As of January 10, 2014; ownership calculated on an undiluted basis. (2) As of January 10, 2014. Source: IPREO, SEDI Silver Standard Resources Royce & Associates Liberty Metals & Mining Passport Capital Robert Quartermain Sun Valley Gold LLC TD Asset Management Sprott Asset Management Schroder Inv. Mgmt. (N.A) Fidelity Management (shares in millions) 18.986 7.247 6.850 3.788 2.853 2.611 2.001 1.684 1.544 1.240 Analyst Coverage BMO CIBC Citibank Cormark Securities Cowen Securities GMP Securities RBC Roth Capital Partners Salman Partners Scotiabank Very Independent Research John Hayes Jeff Killeen Alex Hacking Richard Gray Adam Graf George Albino Dan Rollins Joseph Reagor Ash Guglani Ovais Habib John Tumazos 22
  23. 23. Advancing a major high-grade gold project in Canada CONTACT Phone: 604-558-1784 Fax: 604-558-4784 Toll-free: 1-877-558-1784 invest@pretivm.com www.pretivm.com HEAD OFFICE Pretium Resources Inc. 570 Granville St. Suite 1600 Vancouver, BC Canada V6C 3P1 COMMON SHARES TSX/NYSE:PVG Issued: 105 million Fully diluted: 114.8 million 52-week hi/low: $12.54/$2.83 Market cap: $673 million (at January 16, 2014)

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