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1
CASEY RESEARCH SUMMIT 2015
October 16-17, 2015
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, the anticipated production and developments in our operations in future
periods, information with respect to our planned exploration and development activities, the adequacy of our financial resources, the estimation of mineral
reserves and resources including the 2013 Valley of the Kings Mineral Resource estimate, realization of mineral reserve and resource estimates and timing of
development of our Brucejack Project, costs and timing of future exploration, results of future exploration and drilling, production and processing estimates,
capital and operating cost estimates, timelines and similar statements relating to the economic viability of the Brucejack Project, 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”, “projects”, “assumes”, “budget”, “strategy”,
“scheduled”, “estimates”, “forecasts”, “anticipates”, “believes”, “intends”, “targets” 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 statements and information. Statements concerning mineral reserve and 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 31, 2014 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. Forward-looking information is based on the expectations and
opinions of our management on the date the statements are made. The assumptions used in the preparation of such statements, although considered
reasonable at the time of preparation, may prove to be imprecise. 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 December 19, 2013 and “Feasibility Study and Technical Report on the Brucejack
Project, Stewart, BC” dated June 19, 2014. We have filed the Reports and Update 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, P.Eng. and Ian Chang, P.Eng.,
each of whom is 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 $.
3
 High-grade
underground gold
project
 Commercial
production target
2017
 Located in British
Columbia, Canada
V A L U E T H R O U G H G O L D
4
BRUCEJACK PROJECT LOCATION
5
HIGH-GRADE GOLD RESERVES(1,2)
Valley of the Kings
West Zone
Category Tonnes
(mil)
Gold
(g/t)
Silver
(g/t)
Contained
Gold
(mil oz)
Silver
(mil oz)
Proven 1.4 7.2 383 0.3 17.4
Probable 1.5 6.5 181 0.3 8.6
Total P&P 2.9 6.9 279 0.6 26.0
Valley of the Kings Mineral Reserve Estimate – June 2014 West Zone Mineral Reserve Estimate – June 2014
(1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014
(2) Base case metals prices of US$1,100/oz gold and US$17/oz silver
Category Tonnes
(mil)
Gold
(g/t)
Silver
(g/t)
Contained
Gold
(mil oz)
Silver
(mil oz)
Proven 2.1 15.6 12 1.1 0.8
Probable 11.5 15.7 10 5.8 3.9
Total P&P 13.6 15.7 11 6.9 4.6
6
BRUCEJACK - ROBUST ECONOMICS
(1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014
(2) NPV is discounted to July 2014.
Economic Results by Metal Price (1)
Low Case Base Case High Case
Gold Price (US$/oz) $800 $1,100 $1,400
Silver Price (US$/oz) $15 $17 $21
NPV(2) (5% US$M) Pre-Tax $985 $2,200 $3,540
After Tax $620 $1,450 $2,280
Internal Rate of Return Pre-Tax 20.3% 34.7% 47.0%
After-Tax 16.5% 28.5% 38.7%
Net Cash Flow (US$M) Pre-Tax $2,020 $4,160 $6,350
After-Tax $1,340 $2,720 $4,130
Payback Pre-Tax 4.4 2.7 2.0
After-Tax 4.5 2.8 2.1
Capex (US$M) $746.9 $746.9 $746.9
Exchange Rate (US$:C$) 0.92 0.92 0.92
7
BRUCEJACK PROJECT PRODUCTION (1)
(1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014
Mine Life 18 years
Total Gold Production 7.27 million oz
Average Annual Gold Production 504,000 oz (years 1-8)
404,000 oz (life of mine)
Gold and Silver Recoveries 96.7% and 90.0%
Processing Rate 2,700 tonnes per day
8
BRUCEJACK CAPITAL & OPERATING COSTS (1,2,3)
(1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014
(2) Mine Site Capital Costs Include; mine site, mine site process, mine site utilities, mine site facilities, tailings facilities, mine
site temporary facilities and surface mobile equipment.
(3) Mining Operating Costs Include; LOM ore milled; if excluding the ore mined during preproduction, the estimated cost is
C$91.78/t.
Mining
$91.34
Processing
$19.69
General &
Admin
$30.87
Surface
Services &
Others $21.15
Mine
Underground
$179.5m
Mine Site
$210.8m
Offsite
Infrastructure
$89.1m
Indirect
Costs
$127.5m
Owner’s
Costs $71.0m
Contingency
$69.0m
Total Direct
Costs $479.4m
Total Indirect
Costs $267.5m
Operating Cost Summary
C$163.05 / tonne
Capital Cost Summary
US$746.9 million
9
LOW ALL-IN SUSTAINING CASH COSTS (1)
(1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014.
(2) Net of silver credits at Base Case silver price of $US17/ounce.
All-in Sustaining Cash Costs Per Ounce: US$448
(US$ million)
Total Cash Costs (2) $2,814.5
Reclamation Cost Accretion $27.5
Sustaining Capital Expenditure $320.6
TOTAL: $3,162.6
Brucejack Project All-In Sustaining Cash Costs
(Life of Mine)
Gold Sales 7,067,000 ounces
10
CONSTRUCTION FINANCING ANNOUNCED
(1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014.
 US$340M available at closing
 Funds over 70% of estimated
US$746.7M capex(1)
 Updating capex to complete
construction
 No requirement to fully fund
capex prior to additional draws
Loan
Facility
$350M
Equity
$40M
Callable
Stream
$150M
US$540M Financing Package
US$540M
11
CONSTRUCTION FINANCING ANNOUNCED
Credit Facility(1)
 US$350 million secured loan facility
 US$150 million available on close, remaining $200 million to be
drawn within 18 months
 Fixed interest rate of 7.5%
 Due at maturity on Dec 31, 2018; extendable to Dec 31, 2019 with
payment of 2.5% of outstanding principal
 Includes Offtake Agreement
(1) See News Release, dated September 15, 2015
12
CONSTRUCTION FINANCING ANNOUNCED
Stream on Precious Metals(1)
 US$150 million advanced for 8% callable
precious metals stream
 100% callable on Dec 31, 2018 (for $237M)
and Dec 31, 2019 (for $272M)
 Capped at 7.067 M oz and 26.279 M oz
refined gold and silver(2), less production to
Dec 31, 2019
 If stream not repurchased, stream delivery
commences Jan 1, 2020 with US$400/oz gold
and US$4/oz silver payable by purchasers
(1) See News Release, dated September 15, 2015
(2) Based on refined gold and silver that were estimated to be available for sale in the June 2014 Feasibility Study for the Brucejack Project
13
VALLEY OF THE KINGS: STOCKWORK
S
N
Cleo West Drift 615L West Raise
Domain 20
~0.5 m
14
LONGHOLE STOPING
 30 m level spacing
 Maximum of 45 m stope
lengths
 15 m widths
 Dilution Factors
– Primary Stopes: 7%
– Secondary Stopes: 15%
 Mining Recovery Factors
– Primary Stopes: 97.5%
– Secondary Stopes: 92.5%
 Average 12 stopes in the
mining and backfill cycle at
any time
30 M
SPACING
15
BRUCEJACK MINE:
LIFE OF MINE (18 YEAR)
Conveyor Portal
West Zone Portal
Shops
Valley of the Kings
1350m level
Valley of the Kings
1230m level
Ventilation Raise
VR1
Ventilation Raise
VR3
Ventilation Raise
VR4
Valley of the Kings
1500m level
Valley of the Kings
990m level
Ventilation Raise
VR5
West Zone
990m levelOpen
Open
16
MINE SURFACE FACILITIES
Portals
Mill
Camp
Development Rock
Disposal Laydown &
Fuel Storage
Substation
West Zone
Portal
Truck Shop
17
PROJECT FLOW SHEET
18
 Gold and silver recoveries of
96.7% and 90.0% over mine life
 Gravity (43.3% LOM) and
flotation ( 53.4% LOM)
concentration
 Producing doré and gold/silver
concentrate
 Bulk sample processing with
single stage gravity and
flotation concentration yielded
gold recoveries averaging 98%
PROCESSING
Bulk sample gravity concentrate at Contact Mill, Montana (2013)
Bulk sample flotation concentrate at Contact Mill, Montana (2013)
19
FULLY PERMITTED
Project
Decision by
Ministers
 BC Environmental Assessment
Certificate issued March 26, 2015
 Federal Environmental Decision
Statement issued July 31, 2015,
coordinated by Federal
Environmental Assessment
Agency (CEAA)
 MA & EMA permits issued by
Province in July & September
2015
20
COMMUNITY ENGAGEMENT
 Cooperation and Benefits Agreement
signed with Nisga’a Nation
 Commercial contracting and
employment of First Nations has been
ongoing since project discovery
 The proposed mine will provide
approximately 900 jobs during
construction and 500 jobs during
operations
 We will continue to extend both
commercial contract and employment
opportunities to locals whenever
possible
21
KEY MILESTONES TO PRODUCTION
22
ENGINEERING & PROCUREMENT STATUS
Engineering Status
 55% complete
 No change to June 2014 Feasibility Study cost
estimate at August 31, 2015
Procurement/Contract Status
 All long lead items in final stages of procurement
 SAG & ball mills purchase orders issued
 330-person camp fabrication in progress
23
CONSTRUCTION TO DECEMBER 31, 2015
Construction Power
 5 megawatts in place
Earthworks
 Bulk earthworks underway
330-Person Camp
 Installation to commence in
October 2015
Transmission Line
 Right-of way clearing
underway
24
ACCOMMODATIONS
25
PLANT SITE LOCATION
26
MINING: YEAR 1
MINING: YEAR 5
27
2015 UNDERGROUND INFILL DRILL PROGRAM:
1320, 1310 AND 1270 DRILL FANS
1320 Level
100m
1260 Level
1310 Drill Bay
1270 Drill Bay
(1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014
Grade Blocks (g/t Au) in
In Years 1-3 Stopes (1)
5-10
10-20
20-60
>60
Probable Reserves
Drill Hole
28
2015 UNDERGROUND EXPLORATION PROGRAM:
VIEW WEST OF YEARS 1-3 STOPES
1320 Level
100m
N
1345 Level
1260 Level
S
(1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014
Grade Blocks (g/t Au) in
In Years 1-3 Stopes (1)
5-10
10-20
20-60
>60
Proven & Probable
Reserves
Drill Hole
29
EXPLORATION POTENTIAL EAST - WEST
200 m
N Valley of the Kings
Access Ramp
Bulk Sample
Development
Approximate surface
projection of December
2013 Measured & Indicated
resources
SU-498
0.5m @ 3,874 g/t Au
SU-526
1.16m @ 4,195 g/t Au
VU-136
0.5m @ 1,100 g/t Au
Brucejack Fault
30
EXPLORATION POTENTIAL AT DEPTH
10.93m @ 43.57 ppm
Au
0.5m @ 26.00 ppm
Au
N S
200m
<0.5
0.5-1.0
1.0-5.0
>20
5.0-20.0
Key (g/t Au)
(Assay intervals)
Fragmental
Volcanic Rocks
Polylithic
Conglomerate Volcanic
Flows
Volcaniclastic
Sediments
Volcanic Flows
5-10
10-20
>20
Key (g/t Au)
(Blocks)
(M&I + Inferred)
SU-627
Latite Dykes
SU-630
SU-628
SU-629
1.5m @ 19.05 ppm
Au
0.5m @
17.95 ppm
Au
5m @ 17.34 ppm
Au
1.5m @ 32.5 ppm Au
1m @ 11.35 ppm Au
0.5m @ 11.1 ppm Au
Section 426765E (500m wide)
31
EXPLORATION POTENTIAL:
2015 GRASS-ROOTS PROGRAM
 Target optimization
 Airborne EM and Magnetic Survey
 Additional approximately 2,300
line kilometers
 Surface mapping and sampling
 Surface drilling
 10,000 to 15,000 m targeting porphyry
/epithermal-style mineralization
 Flow Dome Zone
 Kitchenview Zone
 Additional drill targets results-based
Kitchenview
Zone
Brucejack Lake
Brucejack
Lake
Valley of the
Kings
West Zone
32
1000m
N
SU-661
SU-669
SU-659
SU-670SU-665
SU-667
SU-663
SU-664
Hanging
Glacier Zone
Kitchen
View Zone
Flow Dome Zone
Lookout
Zone
SU-666 SU-668
SU-662
Valley of
the Kings
BrucejackFault
SU-654
SU-655 SU-656
SU-658
SU-657
2015 GRASS-ROOTS EXPLORATION
33
500m
N
SU-657
SU-654
SU-658
1.5m @ 16.9 g/t Au
9.0m @ 21.87 g/t Au
(Includes 0.5m @ 203 g/t Au)
1.18m @ 10.75 g/t Au
SU-661
SU-668SU-666
2.05m @ 2,100 g/t Au
(Includes 0.5m @ 8,600 g/t Au)
0.5m @ 137 g/t Au
Valley of
the Kings
Resource
> 20.0
Assay intervals
5.0 - 20.0
1.0 – 5.0
0.5 – 1.0
0.25 – 0.5
Key (g/t Au)
Previously
Reported
Drilling
2015 GRASS-ROOTS EXPLORATION –
FLOW DOME ZONE
34
2015 PROGRESS:
 Received provincial Environmental
Assessment Certificate
 Received federal Environmental
Assessment Decision Statement
 Received EMA & MA permits
 Construction financing
 Start construction and underground
mine development
 Detailed engineering and
procurement continuing
 Capex to be updated
 In-fill underground drill program
 Grass-roots exploration drilling in
progress
35
Silver
Standard,
12%
Institutions,
48.5%Zijin, 9%
Management,
2.5%
Retail, 28%
SHAREHOLDING & ANALYST COVERAGE
(1) As of Sept 21, 2015; ownership calculated on an undiluted basis.
(2) As of Sept 21, 2015. Source: IPREO, SEDI
(3) US$540 million construction financing closed Sept 21, 2015. See News Release
dated Sept 15, 2015 & Sept 21, 2015
Top Shareholders(2)
(% S/O)
Silver Standard Resources 12.08
Zijin Mining 9.07
Van Eck Associates 5.98
Liberty Metals & Mining 5.89
Orion & Blackstone 5.44
Aristeia Capital, LLC 3.92
Sun Valley Gold, LLC 2.92
Pretivm Management 2.55
Mackenzie Financial 2.24
Franklin Advisors, Inc. 1.96
Sprott Asset Management 1.57
Analyst Coverage
Canaccord Genuity Joe Mazumdar
CIBC Jeff Killeen
Citibank Alex Hacking
Cormark Securities Richard Gray
GMP Securities George Albino
H.C. Wainwright Heiko F. Ihle
Numis Phil Swinfen
Pareto Securities John McClintock
RBC Dan Rollins
Roth Capital Partners Joseph Reagor
Salman Partners Ash Guglani
Scotiabank Ovais Habib
Capital Structure(1)
Public Float 124.5
Silver Standard Shares 17.1
Total Issued & Outstanding Shares 141.6
Incentive Options 11.8
Total Fully Diluted Shares 153.4
Market Cap (Oct 13, 2015) C$1.12 billion
Working Capital (at Jun. 30, 2015) C$60.8 million
(shares in millions)
Funds Advanced from
Construction Financing (3)
US$340 million
36
36
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.
Suite 2300 – 1055 Dunsmuir St.
Four Bentall Centre
PO Box 49334
Vancouver, BC
Canada V7X 1L4
COMMON SHARES:
TSX/NYSE: PVG
Issued: 141.6 M
Fully diluted: 153.4 M
52-week hi/low: $9.05/$4.60
Market cap: $1.12 B
(at Oct 13, 2015)
Advancing a major high-grade gold project in Canada
37
2015 GRASS-ROOTS EXPLORATION
Inset: Valley of the Kings
38
APPENDIX: 2013 UNDERGROUND DRILLING
Fragmental
Volcanic Rocks
Polylithic
Conglomerate
Volcanic
Sediment
50 m
N
Completed Underground
Development
Completed Bulk Sample
Legend
>20
Key (g/t Au)
Assay intervals
5.0-20.0
2.5-5.0
Silicified
Conglomerate
Volcanic Flows
39
2015 UNDERGROUND DRILLING RESULTS:
PLAN VIEW
> 20.0
Assay intervals
5.0 - 20.0
1.0 – 5.0
0.5 – 1.0
< 0.5
Key (g/t Au)
N
50m
1320m Drill Bay
1310m Drill Bay
40
APPENDIX: CASH FLOW: FIRST 10 YEARS
 Base Case ($1,100/oz Au; $17/oz Ag; C$/US$ 0.92)
 High Case ($1,400/oz Au; $21/oz Ag; C$/US$ 0.92)
Year 1 2 3 4 5 6 7 8 9 10
Operating Cash Flow
($ million)
270.5 341.4 394.5 354.7 390.3 412.9 411.0 408.3 327.4 346.4
Pre-tax Net Cash Flow
($ million)
193.7 310.3 366.2 336.9 367.5 392.1 384.4 392.6 308.8 329.1
Post-tax Net Cash Flow
($ million)
188.4 303.5 326.4 234.3 241.7 256.1 248.6 255.5 200.3 213.2
Year 1 2 3 4 5 6 7 8 9 10
Operating Cash Flow
($ million)
388.6 478.9 545.4 495.6 540.7 570.2 569.1 565.0 460.5 484.1
Pre-tax Net Cash Flow
($ million)
311.8 447.7 517.1 477.8 517.9 549.4 542.5 549.2 441.9 466.8
Post-tax Net Cash Flow
($ million)
304.1 421.2 363.3 316.1 338.4 357.2 350.3 356.2 285.9 301.7
(1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014
41
APPENDIX: 2013 RESOURCE ESTIMATE
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
Tonnes
(millions)
Gold
(g/t)
Silver
(g/t)
Contained(3)
Gold
(million oz)
Silver
(million oz)
Measured 2.0 19.3 14.4 1.2 0.9
Indicated 13.4 17.4 14.3 7.5 6.1
M & I 15.3 17.6 14.3 8.7 7.0
Inferred(2) 5.9 25.6 20.6 4.9 3.9
(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 Brucejack Project Mineral Resources Update Technical Report dated December 19, 2013.
 The updated Valley of the Kings Resource estimate announced in
December(6) added Measured gold Resources and increased gold grade:

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Casey Research Summit Oct 16-17, 2015

  • 1. 1 CASEY RESEARCH SUMMIT 2015 October 16-17, 2015
  • 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, the anticipated production and developments in our operations in future periods, information with respect to our planned exploration and development activities, the adequacy of our financial resources, the estimation of mineral reserves and resources including the 2013 Valley of the Kings Mineral Resource estimate, realization of mineral reserve and resource estimates and timing of development of our Brucejack Project, costs and timing of future exploration, results of future exploration and drilling, production and processing estimates, capital and operating cost estimates, timelines and similar statements relating to the economic viability of the Brucejack Project, 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”, “projects”, “assumes”, “budget”, “strategy”, “scheduled”, “estimates”, “forecasts”, “anticipates”, “believes”, “intends”, “targets” 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 statements and information. Statements concerning mineral reserve and 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 31, 2014 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. Forward-looking information is based on the expectations and opinions of our management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. 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 December 19, 2013 and “Feasibility Study and Technical Report on the Brucejack Project, Stewart, BC” dated June 19, 2014. We have filed the Reports and Update 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, P.Eng. and Ian Chang, P.Eng., each of whom is 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 $.
  • 3. 3  High-grade underground gold project  Commercial production target 2017  Located in British Columbia, Canada V A L U E T H R O U G H G O L D
  • 5. 5 HIGH-GRADE GOLD RESERVES(1,2) Valley of the Kings West Zone Category Tonnes (mil) Gold (g/t) Silver (g/t) Contained Gold (mil oz) Silver (mil oz) Proven 1.4 7.2 383 0.3 17.4 Probable 1.5 6.5 181 0.3 8.6 Total P&P 2.9 6.9 279 0.6 26.0 Valley of the Kings Mineral Reserve Estimate – June 2014 West Zone Mineral Reserve Estimate – June 2014 (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 (2) Base case metals prices of US$1,100/oz gold and US$17/oz silver Category Tonnes (mil) Gold (g/t) Silver (g/t) Contained Gold (mil oz) Silver (mil oz) Proven 2.1 15.6 12 1.1 0.8 Probable 11.5 15.7 10 5.8 3.9 Total P&P 13.6 15.7 11 6.9 4.6
  • 6. 6 BRUCEJACK - ROBUST ECONOMICS (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 (2) NPV is discounted to July 2014. Economic Results by Metal Price (1) Low Case Base Case High Case Gold Price (US$/oz) $800 $1,100 $1,400 Silver Price (US$/oz) $15 $17 $21 NPV(2) (5% US$M) Pre-Tax $985 $2,200 $3,540 After Tax $620 $1,450 $2,280 Internal Rate of Return Pre-Tax 20.3% 34.7% 47.0% After-Tax 16.5% 28.5% 38.7% Net Cash Flow (US$M) Pre-Tax $2,020 $4,160 $6,350 After-Tax $1,340 $2,720 $4,130 Payback Pre-Tax 4.4 2.7 2.0 After-Tax 4.5 2.8 2.1 Capex (US$M) $746.9 $746.9 $746.9 Exchange Rate (US$:C$) 0.92 0.92 0.92
  • 7. 7 BRUCEJACK PROJECT PRODUCTION (1) (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 Mine Life 18 years Total Gold Production 7.27 million oz Average Annual Gold Production 504,000 oz (years 1-8) 404,000 oz (life of mine) Gold and Silver Recoveries 96.7% and 90.0% Processing Rate 2,700 tonnes per day
  • 8. 8 BRUCEJACK CAPITAL & OPERATING COSTS (1,2,3) (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 (2) Mine Site Capital Costs Include; mine site, mine site process, mine site utilities, mine site facilities, tailings facilities, mine site temporary facilities and surface mobile equipment. (3) Mining Operating Costs Include; LOM ore milled; if excluding the ore mined during preproduction, the estimated cost is C$91.78/t. Mining $91.34 Processing $19.69 General & Admin $30.87 Surface Services & Others $21.15 Mine Underground $179.5m Mine Site $210.8m Offsite Infrastructure $89.1m Indirect Costs $127.5m Owner’s Costs $71.0m Contingency $69.0m Total Direct Costs $479.4m Total Indirect Costs $267.5m Operating Cost Summary C$163.05 / tonne Capital Cost Summary US$746.9 million
  • 9. 9 LOW ALL-IN SUSTAINING CASH COSTS (1) (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014. (2) Net of silver credits at Base Case silver price of $US17/ounce. All-in Sustaining Cash Costs Per Ounce: US$448 (US$ million) Total Cash Costs (2) $2,814.5 Reclamation Cost Accretion $27.5 Sustaining Capital Expenditure $320.6 TOTAL: $3,162.6 Brucejack Project All-In Sustaining Cash Costs (Life of Mine) Gold Sales 7,067,000 ounces
  • 10. 10 CONSTRUCTION FINANCING ANNOUNCED (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014.  US$340M available at closing  Funds over 70% of estimated US$746.7M capex(1)  Updating capex to complete construction  No requirement to fully fund capex prior to additional draws Loan Facility $350M Equity $40M Callable Stream $150M US$540M Financing Package US$540M
  • 11. 11 CONSTRUCTION FINANCING ANNOUNCED Credit Facility(1)  US$350 million secured loan facility  US$150 million available on close, remaining $200 million to be drawn within 18 months  Fixed interest rate of 7.5%  Due at maturity on Dec 31, 2018; extendable to Dec 31, 2019 with payment of 2.5% of outstanding principal  Includes Offtake Agreement (1) See News Release, dated September 15, 2015
  • 12. 12 CONSTRUCTION FINANCING ANNOUNCED Stream on Precious Metals(1)  US$150 million advanced for 8% callable precious metals stream  100% callable on Dec 31, 2018 (for $237M) and Dec 31, 2019 (for $272M)  Capped at 7.067 M oz and 26.279 M oz refined gold and silver(2), less production to Dec 31, 2019  If stream not repurchased, stream delivery commences Jan 1, 2020 with US$400/oz gold and US$4/oz silver payable by purchasers (1) See News Release, dated September 15, 2015 (2) Based on refined gold and silver that were estimated to be available for sale in the June 2014 Feasibility Study for the Brucejack Project
  • 13. 13 VALLEY OF THE KINGS: STOCKWORK S N Cleo West Drift 615L West Raise Domain 20 ~0.5 m
  • 14. 14 LONGHOLE STOPING  30 m level spacing  Maximum of 45 m stope lengths  15 m widths  Dilution Factors – Primary Stopes: 7% – Secondary Stopes: 15%  Mining Recovery Factors – Primary Stopes: 97.5% – Secondary Stopes: 92.5%  Average 12 stopes in the mining and backfill cycle at any time 30 M SPACING
  • 15. 15 BRUCEJACK MINE: LIFE OF MINE (18 YEAR) Conveyor Portal West Zone Portal Shops Valley of the Kings 1350m level Valley of the Kings 1230m level Ventilation Raise VR1 Ventilation Raise VR3 Ventilation Raise VR4 Valley of the Kings 1500m level Valley of the Kings 990m level Ventilation Raise VR5 West Zone 990m levelOpen Open
  • 16. 16 MINE SURFACE FACILITIES Portals Mill Camp Development Rock Disposal Laydown & Fuel Storage Substation West Zone Portal Truck Shop
  • 18. 18  Gold and silver recoveries of 96.7% and 90.0% over mine life  Gravity (43.3% LOM) and flotation ( 53.4% LOM) concentration  Producing doré and gold/silver concentrate  Bulk sample processing with single stage gravity and flotation concentration yielded gold recoveries averaging 98% PROCESSING Bulk sample gravity concentrate at Contact Mill, Montana (2013) Bulk sample flotation concentrate at Contact Mill, Montana (2013)
  • 19. 19 FULLY PERMITTED Project Decision by Ministers  BC Environmental Assessment Certificate issued March 26, 2015  Federal Environmental Decision Statement issued July 31, 2015, coordinated by Federal Environmental Assessment Agency (CEAA)  MA & EMA permits issued by Province in July & September 2015
  • 20. 20 COMMUNITY ENGAGEMENT  Cooperation and Benefits Agreement signed with Nisga’a Nation  Commercial contracting and employment of First Nations has been ongoing since project discovery  The proposed mine will provide approximately 900 jobs during construction and 500 jobs during operations  We will continue to extend both commercial contract and employment opportunities to locals whenever possible
  • 21. 21 KEY MILESTONES TO PRODUCTION
  • 22. 22 ENGINEERING & PROCUREMENT STATUS Engineering Status  55% complete  No change to June 2014 Feasibility Study cost estimate at August 31, 2015 Procurement/Contract Status  All long lead items in final stages of procurement  SAG & ball mills purchase orders issued  330-person camp fabrication in progress
  • 23. 23 CONSTRUCTION TO DECEMBER 31, 2015 Construction Power  5 megawatts in place Earthworks  Bulk earthworks underway 330-Person Camp  Installation to commence in October 2015 Transmission Line  Right-of way clearing underway
  • 27. 27 2015 UNDERGROUND INFILL DRILL PROGRAM: 1320, 1310 AND 1270 DRILL FANS 1320 Level 100m 1260 Level 1310 Drill Bay 1270 Drill Bay (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 Grade Blocks (g/t Au) in In Years 1-3 Stopes (1) 5-10 10-20 20-60 >60 Probable Reserves Drill Hole
  • 28. 28 2015 UNDERGROUND EXPLORATION PROGRAM: VIEW WEST OF YEARS 1-3 STOPES 1320 Level 100m N 1345 Level 1260 Level S (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 Grade Blocks (g/t Au) in In Years 1-3 Stopes (1) 5-10 10-20 20-60 >60 Proven & Probable Reserves Drill Hole
  • 29. 29 EXPLORATION POTENTIAL EAST - WEST 200 m N Valley of the Kings Access Ramp Bulk Sample Development Approximate surface projection of December 2013 Measured & Indicated resources SU-498 0.5m @ 3,874 g/t Au SU-526 1.16m @ 4,195 g/t Au VU-136 0.5m @ 1,100 g/t Au Brucejack Fault
  • 30. 30 EXPLORATION POTENTIAL AT DEPTH 10.93m @ 43.57 ppm Au 0.5m @ 26.00 ppm Au N S 200m <0.5 0.5-1.0 1.0-5.0 >20 5.0-20.0 Key (g/t Au) (Assay intervals) Fragmental Volcanic Rocks Polylithic Conglomerate Volcanic Flows Volcaniclastic Sediments Volcanic Flows 5-10 10-20 >20 Key (g/t Au) (Blocks) (M&I + Inferred) SU-627 Latite Dykes SU-630 SU-628 SU-629 1.5m @ 19.05 ppm Au 0.5m @ 17.95 ppm Au 5m @ 17.34 ppm Au 1.5m @ 32.5 ppm Au 1m @ 11.35 ppm Au 0.5m @ 11.1 ppm Au Section 426765E (500m wide)
  • 31. 31 EXPLORATION POTENTIAL: 2015 GRASS-ROOTS PROGRAM  Target optimization  Airborne EM and Magnetic Survey  Additional approximately 2,300 line kilometers  Surface mapping and sampling  Surface drilling  10,000 to 15,000 m targeting porphyry /epithermal-style mineralization  Flow Dome Zone  Kitchenview Zone  Additional drill targets results-based Kitchenview Zone Brucejack Lake Brucejack Lake Valley of the Kings West Zone
  • 32. 32 1000m N SU-661 SU-669 SU-659 SU-670SU-665 SU-667 SU-663 SU-664 Hanging Glacier Zone Kitchen View Zone Flow Dome Zone Lookout Zone SU-666 SU-668 SU-662 Valley of the Kings BrucejackFault SU-654 SU-655 SU-656 SU-658 SU-657 2015 GRASS-ROOTS EXPLORATION
  • 33. 33 500m N SU-657 SU-654 SU-658 1.5m @ 16.9 g/t Au 9.0m @ 21.87 g/t Au (Includes 0.5m @ 203 g/t Au) 1.18m @ 10.75 g/t Au SU-661 SU-668SU-666 2.05m @ 2,100 g/t Au (Includes 0.5m @ 8,600 g/t Au) 0.5m @ 137 g/t Au Valley of the Kings Resource > 20.0 Assay intervals 5.0 - 20.0 1.0 – 5.0 0.5 – 1.0 0.25 – 0.5 Key (g/t Au) Previously Reported Drilling 2015 GRASS-ROOTS EXPLORATION – FLOW DOME ZONE
  • 34. 34 2015 PROGRESS:  Received provincial Environmental Assessment Certificate  Received federal Environmental Assessment Decision Statement  Received EMA & MA permits  Construction financing  Start construction and underground mine development  Detailed engineering and procurement continuing  Capex to be updated  In-fill underground drill program  Grass-roots exploration drilling in progress
  • 35. 35 Silver Standard, 12% Institutions, 48.5%Zijin, 9% Management, 2.5% Retail, 28% SHAREHOLDING & ANALYST COVERAGE (1) As of Sept 21, 2015; ownership calculated on an undiluted basis. (2) As of Sept 21, 2015. Source: IPREO, SEDI (3) US$540 million construction financing closed Sept 21, 2015. See News Release dated Sept 15, 2015 & Sept 21, 2015 Top Shareholders(2) (% S/O) Silver Standard Resources 12.08 Zijin Mining 9.07 Van Eck Associates 5.98 Liberty Metals & Mining 5.89 Orion & Blackstone 5.44 Aristeia Capital, LLC 3.92 Sun Valley Gold, LLC 2.92 Pretivm Management 2.55 Mackenzie Financial 2.24 Franklin Advisors, Inc. 1.96 Sprott Asset Management 1.57 Analyst Coverage Canaccord Genuity Joe Mazumdar CIBC Jeff Killeen Citibank Alex Hacking Cormark Securities Richard Gray GMP Securities George Albino H.C. Wainwright Heiko F. Ihle Numis Phil Swinfen Pareto Securities John McClintock RBC Dan Rollins Roth Capital Partners Joseph Reagor Salman Partners Ash Guglani Scotiabank Ovais Habib Capital Structure(1) Public Float 124.5 Silver Standard Shares 17.1 Total Issued & Outstanding Shares 141.6 Incentive Options 11.8 Total Fully Diluted Shares 153.4 Market Cap (Oct 13, 2015) C$1.12 billion Working Capital (at Jun. 30, 2015) C$60.8 million (shares in millions) Funds Advanced from Construction Financing (3) US$340 million
  • 36. 36 36 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. Suite 2300 – 1055 Dunsmuir St. Four Bentall Centre PO Box 49334 Vancouver, BC Canada V7X 1L4 COMMON SHARES: TSX/NYSE: PVG Issued: 141.6 M Fully diluted: 153.4 M 52-week hi/low: $9.05/$4.60 Market cap: $1.12 B (at Oct 13, 2015) Advancing a major high-grade gold project in Canada
  • 38. 38 APPENDIX: 2013 UNDERGROUND DRILLING Fragmental Volcanic Rocks Polylithic Conglomerate Volcanic Sediment 50 m N Completed Underground Development Completed Bulk Sample Legend >20 Key (g/t Au) Assay intervals 5.0-20.0 2.5-5.0 Silicified Conglomerate Volcanic Flows
  • 39. 39 2015 UNDERGROUND DRILLING RESULTS: PLAN VIEW > 20.0 Assay intervals 5.0 - 20.0 1.0 – 5.0 0.5 – 1.0 < 0.5 Key (g/t Au) N 50m 1320m Drill Bay 1310m Drill Bay
  • 40. 40 APPENDIX: CASH FLOW: FIRST 10 YEARS  Base Case ($1,100/oz Au; $17/oz Ag; C$/US$ 0.92)  High Case ($1,400/oz Au; $21/oz Ag; C$/US$ 0.92) Year 1 2 3 4 5 6 7 8 9 10 Operating Cash Flow ($ million) 270.5 341.4 394.5 354.7 390.3 412.9 411.0 408.3 327.4 346.4 Pre-tax Net Cash Flow ($ million) 193.7 310.3 366.2 336.9 367.5 392.1 384.4 392.6 308.8 329.1 Post-tax Net Cash Flow ($ million) 188.4 303.5 326.4 234.3 241.7 256.1 248.6 255.5 200.3 213.2 Year 1 2 3 4 5 6 7 8 9 10 Operating Cash Flow ($ million) 388.6 478.9 545.4 495.6 540.7 570.2 569.1 565.0 460.5 484.1 Pre-tax Net Cash Flow ($ million) 311.8 447.7 517.1 477.8 517.9 549.4 542.5 549.2 441.9 466.8 Post-tax Net Cash Flow ($ million) 304.1 421.2 363.3 316.1 338.4 357.2 350.3 356.2 285.9 301.7 (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014
  • 41. 41 APPENDIX: 2013 RESOURCE ESTIMATE 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 Tonnes (millions) Gold (g/t) Silver (g/t) Contained(3) Gold (million oz) Silver (million oz) Measured 2.0 19.3 14.4 1.2 0.9 Indicated 13.4 17.4 14.3 7.5 6.1 M & I 15.3 17.6 14.3 8.7 7.0 Inferred(2) 5.9 25.6 20.6 4.9 3.9 (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 Brucejack Project Mineral Resources Update Technical Report dated December 19, 2013.  The updated Valley of the Kings Resource estimate announced in December(6) added Measured gold Resources and increased gold grade: