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1
VALUE THROUGH GOLD
Ramping Up the High-Grade Gold Brucejack Mine
April 11, 2018
Investors Day
2
3
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 2016 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 Mine, 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 28, 2018 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.
Currency
Unless otherwise indicated, all dollar values herein are in US $.
4
Notes to Investors
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”), “Measured, Indicated, and Inferred Mineral Resource Update” dated July 21, 2016, “Feasibility Study
and Technical Report on the Brucejack Project, Stewart, BC” dated June 19, 2014, “Mineral Reserve Update” dated December 15, 2016, “capital
cost update” dated February 3, 2017, and . 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. Ivor W.O. Jones,
M.S.c., FAusIMM, Cpgeo, Mr. Kenneth C. McNaughton, P.Eng., Ian Chang, P.Eng., Mr. Russell Pennel, B.A.S.c., P.Eng., and Mr. Lyle
Morgenthaler, B.A.S.c., 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.
Non-IFRS Financial Performance Measures
The Company has included certain non-IFRS measures in this presentation. The Company believes that these measures, in addition to
measures prepared in accordance with IFRS, provide investors an improved ability to evaluate the underlying performance of the Company
and to compare it to information reported by other companies. The non-IFRS measures are intended to provide additional information and
should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These measures do not
have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers.
The non-IFRS financial measures included in this presentation include: cash costs per ounce of gold sold, all-in sustaining cost per ounce of
gold sold, adjusted earnings or loss, adjusted earnings or loss per share, and average realized price per ounce of gold sold. Please refer to the
Non-IFRS Performance Measures section of the Company’s MD&A 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 for a detailed discussion and reconciliation of the non-IFRS measures to the most
directly comparable IFRS measures. The Company believes that in addition to conventional measures prepared in accordance with IFRS, the
Company and certain investors and analysts use this information to evaluate the Company’s performance. In particular, management uses
these measures for internal valuation for the period and to assist with planning and forecasting of future operations. The presentation of non-
IFRS measures is not meant to be a substitute for the information presented in accordance with IFRS.
5
Presenters
Joe Ovsenek
President & CEO
Ivor W.O. Jones
Independent Qualified Person
Warwick Board
VP Geology and
Chief Geologist
Tom Yip
Chief Financial Officer
David Prins
Project Director,
Brucejack Mine
6
 Introductions and Agenda
Joe Ovsenek, President & CEO
 Q1 Production & Operations Initiative Update
Joe Ovsenek
 Independent Review
Ivor W.O. Jones, Independent Qualified Person
 Grade Control
Warwick Board, VP Geology and Chief Geologist
 Mine Planning
Joe Ovsenek
 Planned Production Rate Increase
David Prins, Project Director, Brucejack Mine
 Cost Guidance and Balance Sheet
Tom Yip, CFO
 Wrap Up
Joe Ovsenek
Agenda
7
Brucejack Mine
An Emerging High-Grade Gold Producer
 On track for achieving H1 production and cost guidance
 230,000+ ounces gold produced in first 9 months
 $56.3 million cash at Dec 31/17
 $52.9 million in earnings first six months of production
 Steady state gold production anticipated mid-late 2018
8
Strategic Focus 2018
Primary Objectives:
 Optimizing operations
 Operational grade control
 Delivering on guidance
Secondary Objectives:
 Balance sheet optimization
 Production rate increase
9
Q1 2018 Production Results &
Operational Initiatives Update
10
Steady Increase in Production
(1) See News Release dated April 11, 2018
(2) See News Release dated Jan 23, 2018.
(3) All-in Sustaining Cost (AISC) is non-IFRS performance measure. For reconciliation to IFRS measures refer to the Company’s MD&A.
Brucejack Q1 2018 Monthly Gold Production1
Production
(Oz)
Grade
(g/t)
Recovery
(%)
March 32,910 10.9 96.7
February 27,636 11.4 97.1
January 15,143 5.4 96.7
Total Q1 75,689 9.1 96.8
On track for achieving H1 guidance2:
- 150,000 to 200,000 ounces of gold
- $700-900/oz sold All-In Sustaining Cost3 (AISC)
11
Optimizing Mining Operations
On Track:
 Building stope inventory
- 10-12 stopes available mid-year
 Underground development rate increase to 700m/month
- Began January 2018 and ahead of schedule
 Grade control program
- Infill drilling underway
- Longhole sampling underway
- First grade control model delivered
12
+1200
+1320
+1410
Meters
ASL
20 g/t
10 g/t
5 g/t
15 g/t
Grade
N
Meters
Valley of Kings Mineral Reserve Estimate (LOM)1
Category Tonnes
(mil)
Gold
(g/t)
Silver
(g/t)
Contained
Gold
(mil oz)
Silver
(mil oz)
Proven 3.3 14.5 12.9 1.6 1.4
(1) Mineral Reserve Update, see news release dated December 15, 2016
Valley of Kings
Block Model
High-Grade Gold:
Ubiquitous but variable
13
Delivering on Guidance
(1) See News Release dated Jan 23, 2018.
(2) All-In Sustaining Cost (AISC) is non-IFRS performance measure. For reconciliation to IFRS measures refer to the Company’s MD&A.
Gold Production 150,000 - 200,000 oz
All-In Sustaining Cost2 $900 - $700 /oz sold
H1 2018 Guidance1
 All-In Sustaining Cost includes all costs (site and head
office), other than costs related to the increase in
production rate (estimated US$25 million)
 Full-year Guidance mid-2018
14
Delivering on Guidance
Focus on Increasing Grade
400
500
600
700
800
900
1,000
125,000 175,000 225,000
AISC2(US$)
Gold Production (oz)
Low-range
High-range
9.8 g/t Gold
Head Grade
13 g/t Gold
Head Grade
150,000 200,000
H1 2018
Gold Production Guidance1
(1) See News Release dated Jan 23, 2018. Currency US$
(2) All-in Sustaining Cost (AISC) is non-IFRS performance measure. For reconciliation to IFRS measures refer to the Company’s MD&A.
Cost Reduction
as Grade Increases
15
Ivor W.O. Jones M.Sc., FAusIMM, CP geo.
Independent Qualified Person (QP):
Snowden Mining Industry Consultants Pty Ltd
- Brucejack Project West Zone model review (2010)
- Brucejack Project Mineral Resource estimates (April 2012,
September 2012, December 2013)
- Brucejack Project bulk sample processing (2013)
Denny Jones Pty Ltd.
- Review of Brucejack Project Mineral Resource estimate (2016)
- Brucejack Project Grade Control operations review (2018)
2018 Independent Review
16
2018 Independent Review
Grade Predictability at Brucejack:
 Site visit to review operation and processes
 Review of information available for evaluation
 Review of drill spacing study
 Review of grade risk according to earlier stope designs
17
2018 Independent Review
Observations:
 Geological mapping completed to a high standard
 Some minor grade management issues are being addressed
 Stopes were designed based on reserves
 Grade control drilling in progress
 Drill spacing is not consistently 7.5 m
 2017 year end reconciliation showed some differences
between grade predicted and the mill
18
2018 Independent Review
Observations: (cont’d)
 Lots of visible gold in the workings
 Areas of very detailed drilling show similar grade patterns
to the Feasibility Study (FS) grade model
 The FS model is a long-term global mining model
 The FS model grade resolution is at 10+ metres
 Over-reliance on FS model for optimizing stope design
 Grade control model
- Primary purpose is for optimizing stope design
- Had been started, but not implemented for planning purposes
19
Modelling: Global vs Local
 Long-term (FS) Model (Global Model)
- FS model is designed to be accurate over large volumes (ie for
life of mine planning)
- Informed by <7.5 m to 25 m+ spaced drilling
- Resolution of ±10 m and more, depending on drill spacing
- Not sufficiently locally accurate for detailed stope design
- Updated as part of the annual Resource/Reserve process
- Long-term reconciliation
 Short-term Model (Local Model)
- Grade control model developed for ore/waste selection and
short-term mine plans
- Focusses on areas of near-term production
- Informed by <7.5 m spaced drilling where possible
- Resolution down to ±2.5 m
- Suitable for stope shape optimization
- Iteratively updated as required
- Estimated stope grades for mining (grade control)
20
2018 Independent Review
Subsequent work by Ivor Jones, independent QP:
 Update of drill spacing study to re-assess required drill
density
 Evaluation of grade risk according to earlier stope designs
 Generation of, and integration of, grade control model
 Recommendations with respect to Resource/Reserve annual
update process
21
Annual Resource / Reserve Process
Data Collection
Drilling,
Production,
Reconciliation
Grade Control Modelling
Several times throughout the year as required
Annual
Reporting
(Jan)
Drill Database
Sign-off
(Sept)
Mineral
Resource
(Oct)
Mineral
Reserve
(Nov)
Review &
Sign-off
(Dec)
22
Grade Control at Brucejack
23
Grade Control at Brucejack
Key Features
 Grade Prediction
– Grade control drilling
– Grade control model generation
– Stope design optimization
 Grade Measuring
– Longhole sampling
– Development sampling
– Stope scan
24
Grade Control at Brucejack
Process Status
 Grade Control Drilling
– One RC drill rig
– Three diamond drill rigs
– 11,100 m completed as of April
 Grade Control Sampling
– Longhole and development
– Same-day receipt of assays
– Successfully feeding back into short-term mine planning cycle
 Grade Control Model Generation
– Completed and in-use for detailed stope design
 Independent Review Ongoing
25
Grade Control at Brucejack
Assay Turnaround Time
GC Sample Quality
July ‘17 Oct
Steady
State
Jan ‘18
Mid-late
2018Jan Feb Mar
GC Drilling Meters
Apr May Jun
26
Grade Control at Brucejack
Drillhole Spacing
Grade control model confidence based on drillhole spacing:
 To improve confidence in grade estimates for mine planning
 2016 drillhole spacing study recommended 7.5-12.5 m spacing
 Updated 2018 drillhole spacing study ≤7.5 m spacing optimal
In areas drilled at 7.5 m centers or better: grade predicted will be
within 15% of production at the 95% confidence level per
quarter.
27
Grade Control Drilling: 7.5m Centers
Infill Drilling Example
N
28
Longhole Grade Control: Drill PatternLongholeRings
Expansion Slot Rings
Example Cross Section: Ring R7
Longhole
Drill Trace
Plan View: Longhole Stope
29
Longhole Stope Sampling
Plan View
Stope Ring Pattern
Ore:Waste
Determination
Slot
Rings
Longhole
Rings
30
Grade Control - Conclusions
Grade Control Results:
 Improved short-term grade prediction
• Maximize grade to mill
• Minimize waste
 Improved medium-term planning from increased
information in future production areas
Grade control is a data-driven
and iterative process
Development,
Mapping,
Sampling
Grade
Control
Modelling
Production
Review
Drilling
31
Mine Planning
32
Mining Optimization
 Refining mine plan based on grade control model
 May use longitudinal in places where it optimizes mine
plan (less internal dilution)
TYPICAL TRANSVERSE
STOPING METHOD
TYPICAL LONGITUDINAL
STOPING METHOD
ORE CROSS CUTS
(STOPE ACCESS)
ORE CROSS CUTS
(STOPE ACCESS)
UPPER CUT LEVEL
UPPER CUT LEVEL
UNDERCUT LEVEL
UNDERCUT LEVEL
33
Planned Production Rate Increase
34
Production Rate Increase to 3,800 tpd
 40% increase in production rate (currently 2,700 tpd)
 Cost savings
 Permit amendment under review
 Decision expected by year-end 2018
 Engineering ongoing
 Mechanical upgrades completed prior to year-end
2018
35
Low Capital Investment of ~US$25M: 40% Increase in Production Rate(1)
(1) Increase production rate to 3,800 t/d from 2,700 t/d. Pending permit application approval; see News Release dated Dec 21, 2017.
96.7% GOLD RECOVERY (LOM)
Production Rate Increase to 3,800 tpd
36
Process and fire water tanks
Mill Upgrades
– Flotation Cells
37
Mill Upgrades
– Concentrate Filter Press
38
Significant Cost Savings
– Switch to Bulk Loading from Bagging
39
Cost Guidance & Balance Sheet
40
Delivering on Guidance
Robust Margin Across Range
400
500
600
700
800
900
1,000
125,000 175,000 225,000
AISC2(US$)
Gold Production (oz)
Low-range
High-range
9.8 g/t Gold
Head Grade
13 g/t Gold
Head Grade
150,000 200,000
H1 2018
Gold Production Guidance1
(1) See News Release dated Jan 23, 2018. Currency US$
(2) All-in Sustaining Cost (AISC) is non-IFRS performance measure. For reconciliation to IFRS measures refer to the Company’s MD&A.
Cost Reduction
as Grade Increases
41
Delivering on Guidance
Source: See News Releases dated Mar 8, 2018 and refer to Company’s Financial Statements and MD&A.
(1) Non-IFRS performance measure. For reconciliation to IFRS measures refer to the Company’s MD&A.
(2) Assumes production is equal to sales
6M Actual
(2017)
2018 Guidance
Gold Ounces Sold 141,927 oz 150,000 oz 200,000 oz
$M $/oz $M $/oz $M $/oz
Total Cash Costs (mine site) 96.9 683 113 753 116 580
Sustaining Capital Expenditure 8.0 57 10 67 10 50
Treatment and Refinery Charges 6.7 47 6 40 8 40
Corporate Administrative Costs 8.1 57 5 33 5 25
Share-Based Comp & Reclamation 1.1 8 1 7 1 5
All-In Sustaining Costs(1,2) 120.9 852 135 900 140 700
All-In Sustaining Cost
42
2018 Impacts to AISC:
Operational Initiatives
 Additional development to build stope inventory
 Using contract miner during period of refinancing credit
facility and repurchase of stream
 Grade control drilling
Cutting Costs for Steady State
 Optimize mining operations
 Reduce binder use for paste backfill
 Evaluate material and supply contracts
 Assess grind size increase
 Potential snow removal savings
Delivering on Guidance
43
Dec 31, 2018 Dec 31, 2019
7.5% Credit Facility(1) $423 M $455 M
Callable 8% Stream(1,2) $237 M $272 M
Offtake Agreement(1) $53 M $58 M
Debt(3) $713 M $785 M
Addressing Balance Sheet Obligations
Debt Repayment Schedule
(1) See News Release dated Sept 15, 2015
(2) Capped at 7.067 M oz and 26.279 M oz refined gold and silver, less production to Dec 31, 2019. Based on refined gold and silver that were
estimated to be available for sale in the June 2014 Feasibility Study for the Brucejack Project
(3) Excludes $100 M convertible note due in 2022, see News Release dated Feb 14, 2017
(4) Before debt service and taxes; Assumed gold price of $1,300/oz; 0.80 CAD:USD Exchange
Total Free Cash Flow
@ 400,000 oz (4) $240M / yr
44
Priorities:
 Refinance credit facility prior to year-end 2018
– Proposals have included secured debt, high-yield debt,
convertible debt, quasi-debt
– Evaluating formal proposals Q2
 Repurchase stream December 31, 2018
– Dependent on cash build. Potential to supplement cash position
with forward sale or other avenue if accretive
– Otherwise, repurchase at second opportunity: December 31, 2019
Re-financing Approach
45
Wrap-up
46
Strategic Focus 2018
Primary Objectives:
 Optimizing operations
 Operational grade control
 Delivering on guidance
Secondary Objectives:
 Balance sheet optimization
 Production rate increase
47
Balance Sheet Strategy
Robust Margin with Increased Production Rate
500
550
600
650
700
750
800
400,000 450,000 500,000 550,000 600,000
AISC2(US$)
Annual Gold Production (oz)
@ -25%
Grade
@Reserve
Grade
Projected 2019
Production Window
at 3,800 t/d1
Cost Reduction With
Increased Production
(1) Projected production range for 2019 based on 3,800 t/d. Pending permit application approval; see News Release dated Dec 21, 2017.
(2) All-in Sustaining Cost (AISC) is non-IFRS performance measure. For reconciliation to IFRS measures refer to the Company’s MD&A. AISC Guidance
excludes capex required for production increase to 3,800 t/d.
48
Alamos
B2 Gold
Detour
IAM Gold
Kirkland
Oceana
Semafo
Alacer
Argonaut
Asanko
Guyana
Leagold
TMAC
Randgold
Pretivm
Projected 2019(3)
Agnico
400
500
600
700
800
900
1000
1100
1200
0 200 400 600 800 1000 1200 1400 1600
AISC2(US$)
Gold Production (000’s oz)
)
(1) Source: Company websites and Scotiabank estimates - 2018 guidance for AISC and gold production.
(2) All-in Sustaining Cost (AISC) is non-IFRS performance measure. For reconciliation to IFRS measures refer to the Company’s MD&A.
(3) Pretium projected production range for 2019 based on 3,800 t/d. AISC Guidance excludes capex required for production increase to 3,800 t/d. Pending permit approval;
see News Release dated Dec 21, 2017.
Pretivm Guidance Range at 3,800 t/d vs Peers Production(1)
Positioning Relative to Peers
Emerging Low-cost Producer in 2019
49
Appendix
PVG : TSX/NYSEpretivm.com
50
Shareholding & Analyst Coverage
(1) As of April 9, 2018; ownership calculated on an undiluted basis.
(2) As of April 9, 2018. Source: IPREO, Morningstar Inc. & SEDAR.
Top Shareholders(2)`
(% S/O)
Black Rock Asset Management 15.8
Van Eck Associates 10.8
M&G Investment Management 3.8
Rothschild Asset Management 3.2
SSR Mining 3.0
BMO Asset Management 2.7
Orion Mine Finance 2.5
Sun Valley Gold 2.2
Anchor Bolt Capital 1.9
Pretivm Management 1.9
Equity Structure(1)
(shares in millions)
Issued & Outstanding 182.4
Fully Diluted 194.2
Market Cap (Apr 9, 2018) US$1.24 B
Analyst Coverage
BMO Andrew Kaip
Canaccord Genuity Rahul Paul
CIBC David Haughton
Citi Alexander Hacking
Cormark Securities Richard Gray
Global Mining Research David Cotterell
H.C. Wainwright Heiko F. Ihle
Numis Jonathan Guy
RBC Dan Rollins
Roth Capital Partners Joseph Reagor
Scotiabank Ovais Habib
51
Brucejack Mine
Located in Northwest BC
52
Mineral Reserve Estimate (LOM)1
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
West Zone
(1) Source: Mineral Reserve Update, see news release dated December 15, 2016
Category Tonnes
(mil)
Gold
(g/t)
Silver
(g/t)
Contained
Gold
(mil oz)
Silver
(mil oz)
Proven 3.3 14.5 12.9 1.6 1.4
Probable 12.3 16.5 11.3 6.5 4.5
Total P&P 15.6 16.1 11.1 8.1 5.9
53
Brucejack Feasibility Study Profile
Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014;
Mineral Reserve Update, see news release dated Dec. 15, 2016.
Mine Life 18 years
Feasibility Study 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
54
Fourth Quarter 2017
Select Operating Results
Source: See News Releases dated Mar 8, 2018 and refer to Company’s Financial Statements and MD&A.
Three months ended December 31, Year ended December 31,
2017 2016 2017 2016
Ore mined t 280,671 - 552,205 -
Mining rate tpd 3,051 - 3,001 -
Ore milled t 271,501 - 532,763 -
Head grade g/t Au 8.2 - 9.4 -
Recovery % 95.8 - 96.2 -
Mill throughput tpd 2,951 - 2,895 -
Gold ounces produced(1) oz 70,281 - 152,484 -
Silver ounces produced oz 96,004 - 179,237 -
Gold ounces sold oz 86,514 - 141,927 -
Silver ounces sold oz 107,900 - 127,746 -
The following abbreviations were used above: t (tonnes), tpd (tonnes per day), g/t (grams per tonne), Au (gold) and oz (ounces).
(1) Gold ounces produced for the year ended December 31, 2017 excludes 8,510 ounces produced in the pre-commercial production period.
55
Fourth Quarter 2017
Select Financial Results
Three months ended December 31, Year ended December 31,
(In thousands of US dollars, except per share or per oz) 2017 2016 2017 2016
Revenue $ 107,058 - 177,933 -
Earnings from mine operations(1) $ 26,890 - 52,853 -
Net loss for the period $ (2,720) (8,564) (16,453) (61,212)
Per share - basic $/share (0.01) (0.05) (0.09) (0.35)
Per share - diluted $/share (0.01) (0.05) (0.09) (0.35)
Adjusted earnings (loss) (1) $ 12,742 (6,869) 17,426 (11,324)
Per share - basic (1) $/share 0.07 (0.04) 0.10 (0.07)
Total cash and cash equivalents $ 56,285 141,791 56,285 141,791
Cash generated from (used by)
operating activities
$ 33,408 (4,924) 73,321 (12,205)
Total assets $ 1,671,537 1,450,436 1,671,537 1,450,436
Long-term debt $ 293,029 501,160 293,029 501,160
Total cash costs (1) $/oz 700 - 683 -
All-in sustaining costs (1,2) $/oz 893 - 852 -
Average realized price (1) $/oz 1,211 - 1,239 -
Average realized cash margin (1) $/oz 511 - 556 -
(1)Refer to the "Non-IFRS Financial Performance Measures" section of the Company’s MD&A for a reconciliation of these amounts.
(2)All-in sustaining costs for the year ended September 30, 2017 were not disclosed as commercial production only commenced on July 1,
2017
Source: See News Releases dated Mar 8, 2018 and refer to Company’s Financial Statements and MD&A.
56
Brucejack Mine
PVG : TSX/NYSEpretivm.com
Pretium Resources Inc.
Suite 2300 – 1055 Dunsmuir St.
Four Bentall Centre
PO Box 49334
Vancouver, BC, Canada V7X 1L4
Phone: 604-558-1784
Fax: 604-558-4784
Toll-free: 1-877-558-1784
invest@pretivm.com

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Pvg investors day presentation april 11 2018

  • 1. 1 VALUE THROUGH GOLD Ramping Up the High-Grade Gold Brucejack Mine April 11, 2018 Investors Day
  • 2. 2
  • 3. 3 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 2016 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 Mine, 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 28, 2018 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. Currency Unless otherwise indicated, all dollar values herein are in US $.
  • 4. 4 Notes to Investors 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”), “Measured, Indicated, and Inferred Mineral Resource Update” dated July 21, 2016, “Feasibility Study and Technical Report on the Brucejack Project, Stewart, BC” dated June 19, 2014, “Mineral Reserve Update” dated December 15, 2016, “capital cost update” dated February 3, 2017, and . 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. Ivor W.O. Jones, M.S.c., FAusIMM, Cpgeo, Mr. Kenneth C. McNaughton, P.Eng., Ian Chang, P.Eng., Mr. Russell Pennel, B.A.S.c., P.Eng., and Mr. Lyle Morgenthaler, B.A.S.c., 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. Non-IFRS Financial Performance Measures The Company has included certain non-IFRS measures in this presentation. The Company believes that these measures, in addition to measures prepared in accordance with IFRS, provide investors an improved ability to evaluate the underlying performance of the Company and to compare it to information reported by other companies. The non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These measures do not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers. The non-IFRS financial measures included in this presentation include: cash costs per ounce of gold sold, all-in sustaining cost per ounce of gold sold, adjusted earnings or loss, adjusted earnings or loss per share, and average realized price per ounce of gold sold. Please refer to the Non-IFRS Performance Measures section of the Company’s MD&A 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 for a detailed discussion and reconciliation of the non-IFRS measures to the most directly comparable IFRS measures. The Company believes that in addition to conventional measures prepared in accordance with IFRS, the Company and certain investors and analysts use this information to evaluate the Company’s performance. In particular, management uses these measures for internal valuation for the period and to assist with planning and forecasting of future operations. The presentation of non- IFRS measures is not meant to be a substitute for the information presented in accordance with IFRS.
  • 5. 5 Presenters Joe Ovsenek President & CEO Ivor W.O. Jones Independent Qualified Person Warwick Board VP Geology and Chief Geologist Tom Yip Chief Financial Officer David Prins Project Director, Brucejack Mine
  • 6. 6  Introductions and Agenda Joe Ovsenek, President & CEO  Q1 Production & Operations Initiative Update Joe Ovsenek  Independent Review Ivor W.O. Jones, Independent Qualified Person  Grade Control Warwick Board, VP Geology and Chief Geologist  Mine Planning Joe Ovsenek  Planned Production Rate Increase David Prins, Project Director, Brucejack Mine  Cost Guidance and Balance Sheet Tom Yip, CFO  Wrap Up Joe Ovsenek Agenda
  • 7. 7 Brucejack Mine An Emerging High-Grade Gold Producer  On track for achieving H1 production and cost guidance  230,000+ ounces gold produced in first 9 months  $56.3 million cash at Dec 31/17  $52.9 million in earnings first six months of production  Steady state gold production anticipated mid-late 2018
  • 8. 8 Strategic Focus 2018 Primary Objectives:  Optimizing operations  Operational grade control  Delivering on guidance Secondary Objectives:  Balance sheet optimization  Production rate increase
  • 9. 9 Q1 2018 Production Results & Operational Initiatives Update
  • 10. 10 Steady Increase in Production (1) See News Release dated April 11, 2018 (2) See News Release dated Jan 23, 2018. (3) All-in Sustaining Cost (AISC) is non-IFRS performance measure. For reconciliation to IFRS measures refer to the Company’s MD&A. Brucejack Q1 2018 Monthly Gold Production1 Production (Oz) Grade (g/t) Recovery (%) March 32,910 10.9 96.7 February 27,636 11.4 97.1 January 15,143 5.4 96.7 Total Q1 75,689 9.1 96.8 On track for achieving H1 guidance2: - 150,000 to 200,000 ounces of gold - $700-900/oz sold All-In Sustaining Cost3 (AISC)
  • 11. 11 Optimizing Mining Operations On Track:  Building stope inventory - 10-12 stopes available mid-year  Underground development rate increase to 700m/month - Began January 2018 and ahead of schedule  Grade control program - Infill drilling underway - Longhole sampling underway - First grade control model delivered
  • 12. 12 +1200 +1320 +1410 Meters ASL 20 g/t 10 g/t 5 g/t 15 g/t Grade N Meters Valley of Kings Mineral Reserve Estimate (LOM)1 Category Tonnes (mil) Gold (g/t) Silver (g/t) Contained Gold (mil oz) Silver (mil oz) Proven 3.3 14.5 12.9 1.6 1.4 (1) Mineral Reserve Update, see news release dated December 15, 2016 Valley of Kings Block Model High-Grade Gold: Ubiquitous but variable
  • 13. 13 Delivering on Guidance (1) See News Release dated Jan 23, 2018. (2) All-In Sustaining Cost (AISC) is non-IFRS performance measure. For reconciliation to IFRS measures refer to the Company’s MD&A. Gold Production 150,000 - 200,000 oz All-In Sustaining Cost2 $900 - $700 /oz sold H1 2018 Guidance1  All-In Sustaining Cost includes all costs (site and head office), other than costs related to the increase in production rate (estimated US$25 million)  Full-year Guidance mid-2018
  • 14. 14 Delivering on Guidance Focus on Increasing Grade 400 500 600 700 800 900 1,000 125,000 175,000 225,000 AISC2(US$) Gold Production (oz) Low-range High-range 9.8 g/t Gold Head Grade 13 g/t Gold Head Grade 150,000 200,000 H1 2018 Gold Production Guidance1 (1) See News Release dated Jan 23, 2018. Currency US$ (2) All-in Sustaining Cost (AISC) is non-IFRS performance measure. For reconciliation to IFRS measures refer to the Company’s MD&A. Cost Reduction as Grade Increases
  • 15. 15 Ivor W.O. Jones M.Sc., FAusIMM, CP geo. Independent Qualified Person (QP): Snowden Mining Industry Consultants Pty Ltd - Brucejack Project West Zone model review (2010) - Brucejack Project Mineral Resource estimates (April 2012, September 2012, December 2013) - Brucejack Project bulk sample processing (2013) Denny Jones Pty Ltd. - Review of Brucejack Project Mineral Resource estimate (2016) - Brucejack Project Grade Control operations review (2018) 2018 Independent Review
  • 16. 16 2018 Independent Review Grade Predictability at Brucejack:  Site visit to review operation and processes  Review of information available for evaluation  Review of drill spacing study  Review of grade risk according to earlier stope designs
  • 17. 17 2018 Independent Review Observations:  Geological mapping completed to a high standard  Some minor grade management issues are being addressed  Stopes were designed based on reserves  Grade control drilling in progress  Drill spacing is not consistently 7.5 m  2017 year end reconciliation showed some differences between grade predicted and the mill
  • 18. 18 2018 Independent Review Observations: (cont’d)  Lots of visible gold in the workings  Areas of very detailed drilling show similar grade patterns to the Feasibility Study (FS) grade model  The FS model is a long-term global mining model  The FS model grade resolution is at 10+ metres  Over-reliance on FS model for optimizing stope design  Grade control model - Primary purpose is for optimizing stope design - Had been started, but not implemented for planning purposes
  • 19. 19 Modelling: Global vs Local  Long-term (FS) Model (Global Model) - FS model is designed to be accurate over large volumes (ie for life of mine planning) - Informed by <7.5 m to 25 m+ spaced drilling - Resolution of ±10 m and more, depending on drill spacing - Not sufficiently locally accurate for detailed stope design - Updated as part of the annual Resource/Reserve process - Long-term reconciliation  Short-term Model (Local Model) - Grade control model developed for ore/waste selection and short-term mine plans - Focusses on areas of near-term production - Informed by <7.5 m spaced drilling where possible - Resolution down to ±2.5 m - Suitable for stope shape optimization - Iteratively updated as required - Estimated stope grades for mining (grade control)
  • 20. 20 2018 Independent Review Subsequent work by Ivor Jones, independent QP:  Update of drill spacing study to re-assess required drill density  Evaluation of grade risk according to earlier stope designs  Generation of, and integration of, grade control model  Recommendations with respect to Resource/Reserve annual update process
  • 21. 21 Annual Resource / Reserve Process Data Collection Drilling, Production, Reconciliation Grade Control Modelling Several times throughout the year as required Annual Reporting (Jan) Drill Database Sign-off (Sept) Mineral Resource (Oct) Mineral Reserve (Nov) Review & Sign-off (Dec)
  • 22. 22 Grade Control at Brucejack
  • 23. 23 Grade Control at Brucejack Key Features  Grade Prediction – Grade control drilling – Grade control model generation – Stope design optimization  Grade Measuring – Longhole sampling – Development sampling – Stope scan
  • 24. 24 Grade Control at Brucejack Process Status  Grade Control Drilling – One RC drill rig – Three diamond drill rigs – 11,100 m completed as of April  Grade Control Sampling – Longhole and development – Same-day receipt of assays – Successfully feeding back into short-term mine planning cycle  Grade Control Model Generation – Completed and in-use for detailed stope design  Independent Review Ongoing
  • 25. 25 Grade Control at Brucejack Assay Turnaround Time GC Sample Quality July ‘17 Oct Steady State Jan ‘18 Mid-late 2018Jan Feb Mar GC Drilling Meters Apr May Jun
  • 26. 26 Grade Control at Brucejack Drillhole Spacing Grade control model confidence based on drillhole spacing:  To improve confidence in grade estimates for mine planning  2016 drillhole spacing study recommended 7.5-12.5 m spacing  Updated 2018 drillhole spacing study ≤7.5 m spacing optimal In areas drilled at 7.5 m centers or better: grade predicted will be within 15% of production at the 95% confidence level per quarter.
  • 27. 27 Grade Control Drilling: 7.5m Centers Infill Drilling Example N
  • 28. 28 Longhole Grade Control: Drill PatternLongholeRings Expansion Slot Rings Example Cross Section: Ring R7 Longhole Drill Trace Plan View: Longhole Stope
  • 29. 29 Longhole Stope Sampling Plan View Stope Ring Pattern Ore:Waste Determination Slot Rings Longhole Rings
  • 30. 30 Grade Control - Conclusions Grade Control Results:  Improved short-term grade prediction • Maximize grade to mill • Minimize waste  Improved medium-term planning from increased information in future production areas Grade control is a data-driven and iterative process Development, Mapping, Sampling Grade Control Modelling Production Review Drilling
  • 32. 32 Mining Optimization  Refining mine plan based on grade control model  May use longitudinal in places where it optimizes mine plan (less internal dilution) TYPICAL TRANSVERSE STOPING METHOD TYPICAL LONGITUDINAL STOPING METHOD ORE CROSS CUTS (STOPE ACCESS) ORE CROSS CUTS (STOPE ACCESS) UPPER CUT LEVEL UPPER CUT LEVEL UNDERCUT LEVEL UNDERCUT LEVEL
  • 34. 34 Production Rate Increase to 3,800 tpd  40% increase in production rate (currently 2,700 tpd)  Cost savings  Permit amendment under review  Decision expected by year-end 2018  Engineering ongoing  Mechanical upgrades completed prior to year-end 2018
  • 35. 35 Low Capital Investment of ~US$25M: 40% Increase in Production Rate(1) (1) Increase production rate to 3,800 t/d from 2,700 t/d. Pending permit application approval; see News Release dated Dec 21, 2017. 96.7% GOLD RECOVERY (LOM) Production Rate Increase to 3,800 tpd
  • 36. 36 Process and fire water tanks Mill Upgrades – Flotation Cells
  • 38. 38 Significant Cost Savings – Switch to Bulk Loading from Bagging
  • 39. 39 Cost Guidance & Balance Sheet
  • 40. 40 Delivering on Guidance Robust Margin Across Range 400 500 600 700 800 900 1,000 125,000 175,000 225,000 AISC2(US$) Gold Production (oz) Low-range High-range 9.8 g/t Gold Head Grade 13 g/t Gold Head Grade 150,000 200,000 H1 2018 Gold Production Guidance1 (1) See News Release dated Jan 23, 2018. Currency US$ (2) All-in Sustaining Cost (AISC) is non-IFRS performance measure. For reconciliation to IFRS measures refer to the Company’s MD&A. Cost Reduction as Grade Increases
  • 41. 41 Delivering on Guidance Source: See News Releases dated Mar 8, 2018 and refer to Company’s Financial Statements and MD&A. (1) Non-IFRS performance measure. For reconciliation to IFRS measures refer to the Company’s MD&A. (2) Assumes production is equal to sales 6M Actual (2017) 2018 Guidance Gold Ounces Sold 141,927 oz 150,000 oz 200,000 oz $M $/oz $M $/oz $M $/oz Total Cash Costs (mine site) 96.9 683 113 753 116 580 Sustaining Capital Expenditure 8.0 57 10 67 10 50 Treatment and Refinery Charges 6.7 47 6 40 8 40 Corporate Administrative Costs 8.1 57 5 33 5 25 Share-Based Comp & Reclamation 1.1 8 1 7 1 5 All-In Sustaining Costs(1,2) 120.9 852 135 900 140 700 All-In Sustaining Cost
  • 42. 42 2018 Impacts to AISC: Operational Initiatives  Additional development to build stope inventory  Using contract miner during period of refinancing credit facility and repurchase of stream  Grade control drilling Cutting Costs for Steady State  Optimize mining operations  Reduce binder use for paste backfill  Evaluate material and supply contracts  Assess grind size increase  Potential snow removal savings Delivering on Guidance
  • 43. 43 Dec 31, 2018 Dec 31, 2019 7.5% Credit Facility(1) $423 M $455 M Callable 8% Stream(1,2) $237 M $272 M Offtake Agreement(1) $53 M $58 M Debt(3) $713 M $785 M Addressing Balance Sheet Obligations Debt Repayment Schedule (1) See News Release dated Sept 15, 2015 (2) Capped at 7.067 M oz and 26.279 M oz refined gold and silver, less production to Dec 31, 2019. Based on refined gold and silver that were estimated to be available for sale in the June 2014 Feasibility Study for the Brucejack Project (3) Excludes $100 M convertible note due in 2022, see News Release dated Feb 14, 2017 (4) Before debt service and taxes; Assumed gold price of $1,300/oz; 0.80 CAD:USD Exchange Total Free Cash Flow @ 400,000 oz (4) $240M / yr
  • 44. 44 Priorities:  Refinance credit facility prior to year-end 2018 – Proposals have included secured debt, high-yield debt, convertible debt, quasi-debt – Evaluating formal proposals Q2  Repurchase stream December 31, 2018 – Dependent on cash build. Potential to supplement cash position with forward sale or other avenue if accretive – Otherwise, repurchase at second opportunity: December 31, 2019 Re-financing Approach
  • 46. 46 Strategic Focus 2018 Primary Objectives:  Optimizing operations  Operational grade control  Delivering on guidance Secondary Objectives:  Balance sheet optimization  Production rate increase
  • 47. 47 Balance Sheet Strategy Robust Margin with Increased Production Rate 500 550 600 650 700 750 800 400,000 450,000 500,000 550,000 600,000 AISC2(US$) Annual Gold Production (oz) @ -25% Grade @Reserve Grade Projected 2019 Production Window at 3,800 t/d1 Cost Reduction With Increased Production (1) Projected production range for 2019 based on 3,800 t/d. Pending permit application approval; see News Release dated Dec 21, 2017. (2) All-in Sustaining Cost (AISC) is non-IFRS performance measure. For reconciliation to IFRS measures refer to the Company’s MD&A. AISC Guidance excludes capex required for production increase to 3,800 t/d.
  • 48. 48 Alamos B2 Gold Detour IAM Gold Kirkland Oceana Semafo Alacer Argonaut Asanko Guyana Leagold TMAC Randgold Pretivm Projected 2019(3) Agnico 400 500 600 700 800 900 1000 1100 1200 0 200 400 600 800 1000 1200 1400 1600 AISC2(US$) Gold Production (000’s oz) ) (1) Source: Company websites and Scotiabank estimates - 2018 guidance for AISC and gold production. (2) All-in Sustaining Cost (AISC) is non-IFRS performance measure. For reconciliation to IFRS measures refer to the Company’s MD&A. (3) Pretium projected production range for 2019 based on 3,800 t/d. AISC Guidance excludes capex required for production increase to 3,800 t/d. Pending permit approval; see News Release dated Dec 21, 2017. Pretivm Guidance Range at 3,800 t/d vs Peers Production(1) Positioning Relative to Peers Emerging Low-cost Producer in 2019
  • 50. 50 Shareholding & Analyst Coverage (1) As of April 9, 2018; ownership calculated on an undiluted basis. (2) As of April 9, 2018. Source: IPREO, Morningstar Inc. & SEDAR. Top Shareholders(2)` (% S/O) Black Rock Asset Management 15.8 Van Eck Associates 10.8 M&G Investment Management 3.8 Rothschild Asset Management 3.2 SSR Mining 3.0 BMO Asset Management 2.7 Orion Mine Finance 2.5 Sun Valley Gold 2.2 Anchor Bolt Capital 1.9 Pretivm Management 1.9 Equity Structure(1) (shares in millions) Issued & Outstanding 182.4 Fully Diluted 194.2 Market Cap (Apr 9, 2018) US$1.24 B Analyst Coverage BMO Andrew Kaip Canaccord Genuity Rahul Paul CIBC David Haughton Citi Alexander Hacking Cormark Securities Richard Gray Global Mining Research David Cotterell H.C. Wainwright Heiko F. Ihle Numis Jonathan Guy RBC Dan Rollins Roth Capital Partners Joseph Reagor Scotiabank Ovais Habib
  • 52. 52 Mineral Reserve Estimate (LOM)1 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 West Zone (1) Source: Mineral Reserve Update, see news release dated December 15, 2016 Category Tonnes (mil) Gold (g/t) Silver (g/t) Contained Gold (mil oz) Silver (mil oz) Proven 3.3 14.5 12.9 1.6 1.4 Probable 12.3 16.5 11.3 6.5 4.5 Total P&P 15.6 16.1 11.1 8.1 5.9
  • 53. 53 Brucejack Feasibility Study Profile Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014; Mineral Reserve Update, see news release dated Dec. 15, 2016. Mine Life 18 years Feasibility Study 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
  • 54. 54 Fourth Quarter 2017 Select Operating Results Source: See News Releases dated Mar 8, 2018 and refer to Company’s Financial Statements and MD&A. Three months ended December 31, Year ended December 31, 2017 2016 2017 2016 Ore mined t 280,671 - 552,205 - Mining rate tpd 3,051 - 3,001 - Ore milled t 271,501 - 532,763 - Head grade g/t Au 8.2 - 9.4 - Recovery % 95.8 - 96.2 - Mill throughput tpd 2,951 - 2,895 - Gold ounces produced(1) oz 70,281 - 152,484 - Silver ounces produced oz 96,004 - 179,237 - Gold ounces sold oz 86,514 - 141,927 - Silver ounces sold oz 107,900 - 127,746 - The following abbreviations were used above: t (tonnes), tpd (tonnes per day), g/t (grams per tonne), Au (gold) and oz (ounces). (1) Gold ounces produced for the year ended December 31, 2017 excludes 8,510 ounces produced in the pre-commercial production period.
  • 55. 55 Fourth Quarter 2017 Select Financial Results Three months ended December 31, Year ended December 31, (In thousands of US dollars, except per share or per oz) 2017 2016 2017 2016 Revenue $ 107,058 - 177,933 - Earnings from mine operations(1) $ 26,890 - 52,853 - Net loss for the period $ (2,720) (8,564) (16,453) (61,212) Per share - basic $/share (0.01) (0.05) (0.09) (0.35) Per share - diluted $/share (0.01) (0.05) (0.09) (0.35) Adjusted earnings (loss) (1) $ 12,742 (6,869) 17,426 (11,324) Per share - basic (1) $/share 0.07 (0.04) 0.10 (0.07) Total cash and cash equivalents $ 56,285 141,791 56,285 141,791 Cash generated from (used by) operating activities $ 33,408 (4,924) 73,321 (12,205) Total assets $ 1,671,537 1,450,436 1,671,537 1,450,436 Long-term debt $ 293,029 501,160 293,029 501,160 Total cash costs (1) $/oz 700 - 683 - All-in sustaining costs (1,2) $/oz 893 - 852 - Average realized price (1) $/oz 1,211 - 1,239 - Average realized cash margin (1) $/oz 511 - 556 - (1)Refer to the "Non-IFRS Financial Performance Measures" section of the Company’s MD&A for a reconciliation of these amounts. (2)All-in sustaining costs for the year ended September 30, 2017 were not disclosed as commercial production only commenced on July 1, 2017 Source: See News Releases dated Mar 8, 2018 and refer to Company’s Financial Statements and MD&A.
  • 56. 56 Brucejack Mine PVG : TSX/NYSEpretivm.com Pretium Resources Inc. Suite 2300 – 1055 Dunsmuir St. Four Bentall Centre PO Box 49334 Vancouver, BC, Canada V7X 1L4 Phone: 604-558-1784 Fax: 604-558-4784 Toll-free: 1-877-558-1784 invest@pretivm.com