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VALUE THROUGH GOLD Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build

Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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Page 1: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

1

VA LU E T H R O U G H G O L D

Scotiabank Mining Conference

November 27, 2018

Brucejack Mine Delivers Profitability; Significant Cash Build

Page 2: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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Cautionary StatementForward-Looking InformationThis Presentation contains “forward-looking information” and “forward looking statements” “future oriented financial information” and/or“financial outlooks” within the meaning of applicable Canadian and United States securities legislation (collectively herein referred to as “forward-looking statements” or “forward-looking information”). The purpose of disclosing future oriented financial information and financial outlooks is toprovide a general overview of management’s expectations regarding the anticipated results of operations and costs thereof and readers arecautioned that future oriented financial information and financial outlook may not be appropriate for other purposes. Wherever possible, wordssuch as “plans”, “expects”, “guidance”, “projects”, “assumes”, “budget”, “strategy”, “scheduled”, “estimates”, “forecasts”, “anticipates”, “believes”,“intends”, “modeled’, “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. 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 statements.Forward-looking information may include, but is not limited to, information with respect to: production and cost guidance; the refinancing of theCompany’s construction debt facility; the repurchase of the Company’s precious metals stream; anticipated results of our operations; source offunds for future operating and debt settlement requirements; our planned mining, exploration and development activities; our operational gradecontrol program, including plans with respect to our infill drill program and our local grade control model; capital and operating cost estimates;production and processing estimates; the future price of gold and silver; our liquidity and the adequacy of our financial resources; our intentionswith respect to our capital resources; our financing activities, including plans for the use of proceeds thereof; the estimation of mineral reserves andresources including the 2016 Valley of the Kings Mineral Resource estimate and the Brucejack Mineral Reserve estimate; realization of mineralreserve and resource estimates; timing of further development of our Brucejack Mine; costs and timing of future exploration and development;results of future exploration and drilling; statements relating to the economic viability of the Brucejack Mine, including mine life, total tonnes minedand processed and mining operations; timing, receipt, and anticipated effects of, and anticipated capital costs in connection with approvals, consentsand permits under applicable legislation; our executive compensation approach and practice; our relationship with community stakeholders;litigation matters; environmental matters; our effective tax rate and the recognition of our previously unrecognized income tax attributes; newaccounting standards applicable to the Company, including the effects of adoption of such standards; and statements regarding USD cash flows,currency fluctuations and the recurrence of foreign currency translation adjustments. Forward-looking statements are subject to a variety of knownand unknown risks, uncertainties and other factors that could cause actual events or results to materially differ from those expressed or implied bythe forward-looking statements, including, without limitation, those related to: the accuracy of our mineral resource and reserve estimates (includingwith respect to size, grade and recoverability) and the geological, operational and price assumptions on which they are based; uncertainties relatingto inferred mineral resources being converted into measured or indicated mineral resources; commodity price fluctuations, including gold pricevolatility; general economic conditions; the inherent risk in the mining industry; significant governmental regulations, and such other risksuncertainties and factors as are identified in Pretivm’s Annual Information Form dated March 28, 2018, Form 40-F dated March 28, 2018, MD&A andother disclosure documents as filed in Canada on SEDAR at www.sedar.com and in the United States through EDGAR at the SEC’s website atwww.sec.gov (collectively, the “Pretivm Disclosure Documents”). Our forward-looking statements are based on the assumptions, beliefs,expectations and opinions of management on the date the statements are made, including those set out in the Pretivm Disclosure Documents, manyof which may be difficult to predict and beyond our control. Although we believe that the assumptions inherent in the forward-looking statementsare reasonable as of the date the statements are made, forward-looking statements are not guarantees of future performance and, accordingly, unduereliance should not be put on such statements due to the inherent uncertainty therein. We do not assume any obligation to update forward-lookingstatements, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forthabove, prospective investors should not place undue reliance on forward-looking statements.

Page 3: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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Notes to InvestorsNational Instrument 43-101Technical and scientific information contained herein relating to the Projects is derived from National Instrument 43-101 (“NI 43-101”) complianttechnical reports (“Reports”), “Measured, Indicated, and Inferred Mineral Resource Update” dated July 21, 2016, “Feasibility Study and TechnicalReport on the Brucejack Project, Stewart, BC” dated June 19, 2014, “Mineral Reserve Update” dated December 15, 2016, and “capital cost update”dated February 3, 2017. We have filed the Reports and Update under our profile at www.sedar.com. Technical and scientific information notcontained 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., Warwick Board, Ph.D., P.Geo, Pr.Sci.Nat., and Mr. LyleMorgenthaler, 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 termsare recognized and required by Canadian regulations (under NI 43-101), the United States Securities and Exchange Commission does notrecognize them. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineralresources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. Thereis 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 assumedthat all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineralresources may not form the basis of feasibility or pre feasibility studies, or economic studies, except for a Preliminary Assessment as defined underNI 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 MeasuresThe Company has included certain non-IFRS measures in this new release. Refer to the Company’s MD&A for an explanation and discussion ofnon-IFRS measures. The Company believes that these measures, in addition to measures prepared in accordance with IFRS, provide investors animproved 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 ofperformance prepared in accordance with International Financial Reporting IFRS. These measures do not have any standardized meaningprescribed under IFRS, and therefore may not be comparable to similar measures presented by other issuers.The non-IFRS financial measures included in this presentation include: total cash costs and total cash costs per ounce of gold sold, all-in sustainingcost (“AISC”) and AISC per ounce of gold sold, adjusted earnings or loss, adjusted earnings or loss per share, earnings from mine operations, andaverage realized price per ounce of gold sold. Please refer to the Non-IFRS Performance Measures section of the Company’s MD&A filed onSEDAR at www.sedar.com and in the United States through EDGAR at the SEC’s website at www.sec.gov for a detailed discussion andreconciliation of the non-IFRS measures to the most directly comparable IFRS measures. The Company believes that in addition to conventionalmeasures prepared in accordance with IFRS, the Company and certain investors and analysts use this information to evaluate the Company’sperformance. In particular, management uses these measures for internal valuation for the period and to assist with planning and forecasting offuture operations. The presentation of non-IFRS measures is not meant to be a substitute for the information presented in accordance with IFRS.CurrencyUnless otherwise indicated, all dollar values herein are in US $.

Page 4: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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Brucejack MineDelivers Profitability; Significant Cash Build

Source: See News Releases dated November 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.

2018 YTD 279,670 ounces gold produced

$346.0 million in revenue

$758 per ounce sold AISC1

$79.2 million adjusted earnings1

$190.3 million cash at September 30, 2018

Repurchase of Stream Agreement

Refinance Credit Facility

Page 5: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

5(1) See News Release dated Oct 11, 2017, Mar 8, 2018, Apr 11, 2018, July 9, 2018 & Oct 9, 2018 and refer to Company’s Financial Statements and MD&A.

Brucejack Quarterly Gold Production1

0

2

4

6

8

10

12

14

16

0

20,000

40,000

60,000

80,000

100,000

120,000

Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018

Gol

d G

rade

(g/t

)

Gol

d O

unce

s Pr

oduc

ed

Gold Ounces Gold Grade (g/t)

Q3 2017 – Q3 2018

Production Profile

Page 6: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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On Track to Reach H2 Guidance

All-in Sustaining Cost ($ per oz sold)1

770

900

H2 2018 Guidance

710

700

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

187,029 ozH1 2018

Production

FY 2018 Guidance 407,000387,000

2018 Gold Production Guidance (oz)

H2 2018 Guidance200,000-220,000 oz92,641 oz

Q3 2018 Production Q3 2018 AISC

$709/oz

Source: See News Release dated Nov 10, 2017, Mar 8, 2018, May 10, 2018, Aug 9, 2018 & Nov 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

AISC includes:Total Cash Cost1

Sustaining Capital ExpendituresTreatment & Refinery ChargesAccretion on DRPSite share based compensationCorporate and admin costs

Page 7: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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Consistently Profitable240% Increase in Cash

-

20,000

40,000

60,000

80,000

100,000

120,000

Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018$0.0

$50.0

$100.0

$150.0

$200.0

Gol

d O

unce

s Pr

oduc

ed

Mill

ions

USD

Gold Ounces Produced Cash Balance

$190.3 MBalance

Source: See News Releases dated Nov 10, 2017, Mar 8, 2018, May 10, 2018, Aug 9, 2018 & Nov 8, 2018 and refer to Company’s Financial Statements and MD&A.

Cash BuildQ3 2017 – Q3 2018

Page 8: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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+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)

ContainedGold

(mil oz)Silver

(mil oz)

Proven 3.3 14.5 12.9 1.6 1.4

Valley of Kings Block Model

High-Grade Gold:Ubiquitous but variable

(1) Mineral Reserve Update, see news release dated December 15, 2016

Page 9: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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High-Grade Gold:Ubiquitous but variable

+1200

+1320

+1410

Meters ASL

Valley of Kings Mined Stopes

Mined Stopes1

UndergroundDevelopment

(1) Illustrative representation of approximate mine stope location and shape

Page 10: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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Community Engagement

Collaborative training and employment initiatives with local First Nations and regional community development offices

Promote resource sharing to address common community challenges and successful approaches

Focus on removing barriers to employment, supporting skills development and employment preparedness

Page 11: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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High Level of Local Employment

As of June 2018

Brucejack Mine Workforce:

81% British Columbia

50% Northwest British Columbia

25% First Nations (Pretium)

33% First Nations (including contractors)

BrucejackMine

Page 12: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

12

Organic Growth Opportunities

Page 13: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

13(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)

Mill Throughput Increase to 3,800 tpd

Low Capital Investment of ~US$25M : 40% Increase in Production Rate(1)

Two Thirds of Total Gold Production

One Third of Total Gold Production

Page 14: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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2018 Exploration Drill Holes4

Reserve Expansion PotentialEast, West and at Depth

Flow Dome Zone Drilling3

500 m

Au (g/t)0.5-1.0

5.0-20.0>20.0

1.0-5.0

SU-666

9.0m @21.87 g/t Au(Inc 0.5m @ 203 g/t Au

2.05m @2,100 g/t Au(Inc 0.5m @ 8,600 g/t Au

Anomalous Cu and Mo

SU-657

Open

N Mineral Resource1

Mineral Reserve2

Exploration Potential

(1) Outline of Measured, Indicated, and Inferred Mineral Resource as at 21 July 2016.(2) Outline of Proven and Probable Mineral Reserve, based on June 19, 2014 Feasibility Study (3) 2015 Regional Drill program; see News Release dated Oct 8, 2015.(4) 2018 Underground Exploration Drilling; see News Release dated June 18, 2018.

Valley of the Kings

Page 15: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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5km

Bowser Regional Exploration

SurfaceSampling

20172016201520142011/13 Pre 2011

N

Boulder Zone

Koopa Zone

American Creek Zone

5 km

Brucejack

Bluffy Zone

30 km

Pretivm Claim Outline

Regional exploration program; see News Release dated Dec 5, 2017

Page 16: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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Alamos

B2 Gold

Detour

IAM Gold

KirklandOceana

Semafo

Alacer

Argonaut

AsankoGuyana

Randgold

Pretivm

Tahoe

Eldorado

Endeavor

Torex

Yamana

500

600

700

800

900

1000

1100

1200

1300

0 100 200 300 400 500 600 700 800 900 1000

AIS

C2

(US$

)

Gold Production (000’s oz)

)

(1) Source: Company websites – Nine Months YTD 2018 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.

Pretivm vs Peers 2018 - YTD 9 Month Gold Production and AISC(1)

Low Cost Producer Positioning Relative to Peers

Page 17: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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2018 Catalysts for Success

Repurchase Stream Notice given to repurchase precious

metals stream

No need to raise equity

Refinance Credit Facility Commitment letter secured for $480M

Expected to close this quarter

Deliver on Guidance On track to meet H2/18 guidance

Page 18: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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Appendix

PVG : TSX/NYSEpretivm.com

Page 19: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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Shareholding & Analyst Coverage

(1) As of November 23, 2018; ownership calculated on an undiluted basis.(2) As of November 23, 2018. Source: IPREO, Morningstar Inc. & SEDAR.

Top Shareholders(2)` (% S/O)

Van Eck Associates 13.6Black Rock Asset Management 12.2Letko, Brosseau & Associates 7.0BMO Asset Management 3.9Rothschild Asset Management 3.7JP Morgan Securities 2.9Orion Mine Finance 2.5The Vanguard Group 2.3Franklin Advisors 2.2Pretivm Management 1.8

Equity Structure(1)(shares in millions)

Issued & Outstanding 183.5Fully Diluted 195.3

Market Cap (Nov 8, 2018) US$1.41 B

Analyst CoverageBMO Andrew KaipCanaccord Genuity Rahul PaulCIBC David HaughtonCiti Alexander HackingCormark Securities Richard GrayGlobal Mining Research David RadclyffeH.C. Wainwright Heiko F. IhleNumis Jonathan GuyRBC Dan RollinsRoth Capital Partners Joseph ReagorScotiabank Ovais Habib

Page 20: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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Brucejack MineLocated in Northwest BC

Page 21: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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N

250 m(1) Outline of Measured, Indicated, and Inferred Mineral Resource as at 21 July 2016.(2) Outline of Proven and Probable Mineral Reserve, based on June 19, 2014 Feasibility Study.(3) Regional exploration drill results; see News Release dated Oct 8, 2015

SU-658

SU-661

SU-654

SU-668

2.05m @ 2,100 g/t Au(Inc 0.5m @ 8,600 g/t Au)

1.18m @ 10.75 g/t Au

9.0m @ 21.87 g/t Au(Inc 0.5m @ 203 g/t Au)

1.5m @ 16.9 g/t Au

0.5m @ 137 g/t Au

Mineral Resource1

Mineral Reserve2

Exploration PotentialDrill Intercepts3

Potential Reserve Expansion

Page 22: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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Longhole Grade Control: Drill PatternLo

ngho

le R

ings

Expansion Slot Rings

Example Cross Section: Ring R7

LongholeDrill Trace

Plan View: Longhole Stope

Page 23: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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Longhole Stope Sampling

Plan ViewStope Ring Pattern

Ore:Waste Determination

SlotRings

LongholeRings

Ore Illustrative Example

Stope 1230-30

Page 24: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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Debt Structure

(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) See News Release dated Feb 14, 2017

Credit Facility(1)

US$350M loan 7.5% fixed interest Due Dec 2018 Option to extend to 2019 with payment of 2.5% of

principal and accrued interest

Offtake Agreement(1)

Option to repurchase 50% or 75% Dec 2018 for $11/oz or Dec 2019 for $13/oz

Capped at 7.067M oz gold

Callable 8% Stream(1,2)

US$150M advance payment 100% buyout option

Dec 2018 for $237M or Dec 2019 for $272M

Capped at 7.067M oz gold(2)

Convertible Notes(3)

US$100M offering at 2.25% due 2022 Conversion price of US$16.00

Page 25: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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Third Quarter 2018Select Operating Results

Source: See News Releases dated Nov 8, 2018 and refer to Company’s Financial Statements and MD&A.

Three months ended September 30, Nine months ended September 30,2018 2017 2018 2017(1)

Ore mined t 255,227 271,534 772,072 271,534Mining rate tpd 2,774 2,951 2,828 2,951

Ore milled t 240,122 261,262 738,555 261,262Head grade g/t Au 12.4 10.5 12.0 10.5Recovery % 97.4 96.5 97.4 96.5Mill throughput tpd 2,610 2,840 2,705 2,840

Gold ounces produced oz 92,641 82,203 279,670 82,203Silver ounces produced oz 95,741 83,233 308,676 83,233

Gold ounces sold oz 94,458 55,413 278,417 55,413Silver ounces sold oz 87,110 19,846 289,710 19,846The following abbreviations were used above: t (tonnes), tpd (tonnes per day), g/t (grams per tonne), Au (gold) and oz (ounces).(1) Data for the nine months ended September 30, 2017 covers the period commencing from July 1, 2017, the date the Brucejack

Mine achieved commercial production, to September 30, 2017.

Page 26: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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Third Quarter 2018Select Financial Results

Source: See News Releases dated Nov 8, 2018 and refer to Company’s Financial Statements and MD&A.

In thousands of USD, Three months ended September 30, Nine months ended September 30,except for per ounce data 2018 2017 2018 2017(1)

Revenue $ 110,060 70,875 345,960 70,875Earnings from mine operations (2) $ 37,608 25,963 114,512 25,963Net earnings (loss) for the period $ 10,734 (6,975) 33,773 (13,733)

Per share - basic $/share 0.06 (0.04) 0.19 (0.08)Per share - diluted $/share 0.06 (0.04) 0.19 (0.08)

Adjusted earnings (2) $ 26,327 13,951 79,172 4,684Per share - basic (2) $/share 0.14 0.08 0.43 0.03

Total cash and cash equivalents $ 190,318 53,774 190,318 53,774Cash generated from operating

activities 52,364 47,470 154,358 39,913

Total assets $ 1,771,543 1,673,601 1,771,543 1,673,601Long-term debt (3) $ 59,610 639,975 59,610 639,975

Total cash costs (2) $/oz 568 656 627 656All-in sustaining costs (2) $/oz 709 788 758 -

Average realized price (2) $/oz 1,169 1,281 1,239 1,281Average realized cash margin (2) $/oz 601 625 612 625(1) Data for the nine months ended September 30, 2017 covers the period commencing from July 1, 2017, the date the Brucejack Mine achieved

commercial production, to September 30, 2017.(2) Refer to the "Non-IFRS Financial Performance Measures" section for a reconciliation of these amounts.(3) Long-term debt does not include the current portion of the Company’s senior secured Credit Facility and the Stream Obligation in the amount

of $641,468 as at September 30, 2018.

Page 27: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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All-In Sustaining Cost (AISC1)

Source: See News Releases dated Aug 9, 2018 & Nov 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) May not add due to rounding.

Q3 2017 Q2 2018 Q3 2018

Gold Ounces Sold 55,413 oz 115,309 oz 94,458 oz

Total Cash Costs1 $36.4 M $63.2 M $53.7 MSustaining Capital Expenditures $3.5 M $3.2 M $5.2 MTreatment and Refinery Charges $1.0 M $4.2 M $4.3 MAccretion on DRP and Site Share Based Compensation $0.3 M $0.8 M $0.7 MCorporate and Administrative $2.5 M $3.4 M $3.1 M

Total AISC1 $43.7 M $74.7 M $67.0 M

Per Ounce Sold $788/oz $648/oz $709/oz

AISC Components

Page 28: Scotiabank Mining Conference...Nov 27, 2018  · Scotiabank Mining Conference November 27, 2018 Brucejack Mine Delivers Profitability; Significant Cash Build. 2 Cautionary Statement

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Brucejack Mine

PVG : TSX/NYSEpretivm.com

Pretium Resources Inc.Suite 2300 – 1055 Dunsmuir St.Four Bentall CentrePO Box 49334Vancouver, BC, Canada V7X 1L4

Phone: 604-558-1784Fax: 604-558-4784Toll-free: 1-877-558-1784

[email protected]