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1
VALUE THROUGH GOLD
Ramping Up Brucejack
February 16, 2018
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 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 30, 2017 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 Canadian $.
3
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.
4
 High-grade underground gold
mine in British Columbia,
Canada
 Ramping up production
 150,000+ ounces gold
produced in first 6 months
 Healthy cash position
 Local and regional exploration
potential
5
Brucejack Location
6
Delivering on Strategy
Primary Focus
 Optimizing Operations
 Operational Grade Control
 Delivering on Guidance
7
Delivering on Strategy
Secondary Focus
 Balance Sheet Strategy
 Organic Growth
8
Ramp-Up Production – First 6 Months
Source: See News Release dated Nov 10, 2017 and Jan 23, 2018
Q3 2017 Q4 2017 TOTAL
Gold Produced 82,203 oz 70,281 oz 152,484 oz
Mill Feed Grade 10.52 g/t 8.24 g/t 9.36 g/t
Gold Recovery Rate 96.49 % 95.8 % 96.19 %
Ore Milled 261,262 t 271,501 t 532,763 t
Average Milled Per Day 2,840 t/d 2,951 t/d 2,895 t/d
Gold Production Results
9
Ramp-Up Production – Q4 2017
Long-hole Drill Availability
 Third long-hole drill on site
Constrained Stope Inventory
 Underground development rate increased to 700
meters per month
 Target 10-12 stopes for mining by mid-2018
10
Grade Control Program
Sample Splitting Station
 Commissioned
 Designed to provide an estimated grade for each
ring within a long-hole stope
Reverse Circulation Drilling for Stope Definition
 Underway
 Infill drilling to 5 to 7-meter centers
 Replaces planned infill diamond drilling
 Lower cost, quicker, and bigger sample size than
diamond drilling
11
Grade Control Program
RC Drilling
Refine
Stope
Dimensions
Sample
Splitting
Station
Reduce Dilution
Optimize
Grade
Improve
Reconciliation
12
Grade Control Program
RC Drilling to Refine Stope Dimensions
N
10 m
13
Grade Control Program
14
Grade Control Program
Sample Splitting Station
15
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
16
Expanding Stope Accessibility
+1200
+1320
+1410
Meters 
ASL
20 g/t
10 g/t
5 g/t
15 g/t
Grade
N
Meters
Current      
Proven Reserve
17
Ramp-up Guidance
Source: See News Release dated Jan 23, 2018. Currency US$
(1) All-in Sustaining Cost (AISC) is non-IFRS performance measure. AISC Guidance excludes capex required for production increase to 3,800 t/d. For reconciliation to IFRS measures refer
to the Company’s MD&A.
Low-range Mid-range High-range
Gold Production 150,000 oz 175,000 oz 200,000 oz
All-in Sustaining Cost2 $900 /oz sold $800 /oz sold $700 /oz sold
H1 2018 Production & Financial Guidance1
 All-in Sustaining Cost includes all costs (site and head
office), other than costs related to the increase in
production rate (estimated US$25 million)
 Full-year Guidance mid-2018
18
Robust Margin – H1 2018 Guidance
400
500
600
700
800
900
1,000
125,000 175,000 225,000
AISC2(US$)
2018 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. AISC Guidance excludes capex required for production increase to 3,800 t/d. For reconciliation to
IFRS measures refer to the Company’s MD&A.
19
Strategic Decisions
 Additional development to build stope inventory
 Contract miner during ramp-up and construction
financing payback
Cost Control Opportunities
 Optimize mining operations
 Reduce binder use for paste backfill
 Evaluate material and supply contracts
 Assess grind size increase
 Potential snow removal savings
2018 Impacts to AISC
20
Strengthen Balance Sheet
2018
 Build Cash Position
 Refinance/Pay Down Credit Facility(1)
– US$350M at 7.5% interest due Dec 31, 2018
– Extendable to Dec 31, 2019 with payment
of 2.5% of principal and interest
 Buy Back Precious Metals Stream(1,2)
– 1st opportunity US$237M on Dec 31, 2018
(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
21
40% Increase in Production Rate:
(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)
Low Capital Investment of ~US$25M(1)
3,800 t/d
22
Robust Margin with
Increased Production Rate
500
550
600
650
700
750
800
400,000 450,000 500,000 550,000 600,000
AISC2(US$)
Annual Gold Production (oz)
(- 25% Grade)
Reserve
Grade
Projected 2019
Production Window
at 3,800 t/d1
(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. AISC Guidance excludes capex required for production increase to 3,800 t/d. For
reconciliation to IFRS measures refer to the Company’s MD&A.
23
Organic Growth Opportunities
 Exploration Drill Program
for Source Porphyry -
underway
 Bowser Regional
Exploration Potential –
summer 2018
 Brucejack Reserve
Expansion - 2019
24
Reserve Expansion
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 19 June 2014 Updated 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 Potential
Drill Intercepts3
25
Flow Dome Zone
250 m
E
Valley of the Kings 
Development
W
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)
SU-6571
SU-6661
2018 Exploration
Drill Holes
(1) Regional exploration drill results; see News Release dated Oct 8, 2015
Exploration Drilling for
Source Porphyry
26
5km
2017
2016
2015
2014
2011/13
Pre 2011
NN
Boulder 
Zone
Koopa 
Zone
American 
Creek Zone
5 km
Brucejack
Regional exploration program; see News Release dated Dec 5, 2017
Bowser Regional Exploration
Surface Sampling
27
Production Increase
Adds Ounces and Margin
Alamos
B2 Gold
Detour
IAM Gold
Kirkland
Oceana Semafo
Alacer
Argonaut
Asanko
Guyana
Leagold
TMAC
Randgold
Pretium
Projected 2019(2)
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)
Pretium at 3,800 t/d vs Peers Production(1)
(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.
28
2018 Plans
 Grade Control Program
 Delivering on Guidance
 Reconciliation End of Year
 3,800 t/d Production Rate
Increase
 Exploration Drilling for
Source Porphyry
 Grass Roots Exploration
29
Shareholding & Analyst Coverage
(1) As of February 16, 2018; ownership calculated on an undiluted basis.
(2) As of February 16, 2018. Source: IPREO, Morningstar Inc. & SEDAR.
Top Shareholders(2)`
(% S/O)
Black Rock Asset Management 15.8
Van Eck Associates 9.9
SSR Mining 4.9
M&G Investment Management 3.8
BMO Asset Management 2.7
Orion Mine Finance 2.5
Sun Valley Gold 2.2
Anchor Bolt Capital 1.9
Pretivm Management 1.9
The Vangaurd Group 1.8
Equity Structure(1)
(shares in millions)
Issued & Outstanding 182.4
Fully Diluted 194.2
Market Cap (Feb 16, 2018) US$1.29 B
Analyst Coverage
BMO Andrew Kaip
Canaccord Genuity Rahul Paul
CIBC David Haughton
Citi Alexander Hacking
Cormark Securities Richard Gray
Credit Suisse Robert Reynolds
Global Mining Research David Cotterell
H.C. Wainwright Heiko F. Ihle
Numis Jonathan Guy
RBC Dan Rollins
Roth Capital Partners Joseph Reagor
Scotiabank Ovais Habib
30
APPENDIX
VOK 
Portal
Mill
Camp
Contact Water
Pond
West Zone
Portal
31
Third Quarter 2017
Source: See News Release dated Nov 10, 2017. Currency US$
3rd Quarter 2017
Gold Sold 55,413 oz
Revenue $70.9 M
Earnings from Mine Operations $26.0 M
Working Capital $7.2 M
Adjusted Earnings $8.3 M
Per Share Adjusted Earnings $0.05/share
Total Cash Costs $656/oz sold
All-in Sustaining Cost $788/oz sold
Financial Summary
32
Local Employment
Brucejack Mine
Workforce
As of Dec 2017
 83% British Columbia
 51% NW British Columbia
 35% First Nations
33
Longhole Stoping
Active Stopes
 12 stopes in the mining and
backfill cycle at all times
Dimensions
 30 meter level spacing
 45 meter maximum length
 15 meter widths
Dilution Factors
 Primary Stopes
Target: 7%
To Date: 10-12%
 Secondary Stopes:
Target: 15%
30 M 
SPACING
34
Underground Development
Asbuilt September 2017
1200 LVL Stopes
1230 LVL Stopes
1260 LVL Stopes
1320 LVL Stopes
1350 LVL Stopes
1380 LVL Stopes
Ore Flow DirectionView facing North West
Valley of The 
Kings Portal
Ventilation 
Raise
Ventilation 
Raise
Ventilation
Raise
Truck Dump to 
Crusher
35
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$16.00
36
Brucejack Feasibility Study Profile
Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014;
Mineral Reserve Update, see news release dated Dec. 15, 2016.
Mine Life 18 years
Feasibility Study Gold
Production
7.27 million oz
Average Annual Gold
Production
504,000 oz (years 1-8)
404,000 oz (life of mine)
Gold and Silver
Recoveries
96.7% and 90.0%
Processing Rate 2,700 tonnes per day
37
Brucejack - Robust Economics
(1) Based on updated forecast of capital cost (see News Release dated February 3, 2017) and operating cost assumptions from the Feasibility Study and
Technical Report Update on the Brucejack Project, with an effective date of June 19, 2014
(2) NPV is discounted to Dec 31, 2015.
Economic Results by Metal Price (1)
Low Case Base Case High Case
Gold Price (US$/oz) $800 $1,100 $1,400
Silver Price (US$/oz) $10 $14 $18
NPV(2) (5% US$M) Pre-Tax $1,050 $2,340 $3,620
After Tax $690 $1,530 $2,360
Internal Rate of Return Pre-Tax 19.9% 34.4% 47.5%
After-Tax 16.5% 28.5% 39.1%
Net Cash Flow (US$M) Pre-Tax $2,110 $4,220 $6,320
After-Tax $1,470 $2,820 $4,170
Payback Pre-Tax 5.0 3.3 2.5
After-Tax 5.2 3.5 2.7
Exchange Rate (US$:C$) 0.75 0.75 0.75
38
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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Pretium corporate-presentation-feb-16-2018

  • 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 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 30, 2017 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 Canadian $.
  • 3. 3 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.
  • 4. 4  High-grade underground gold mine in British Columbia, Canada  Ramping up production  150,000+ ounces gold produced in first 6 months  Healthy cash position  Local and regional exploration potential
  • 6. 6 Delivering on Strategy Primary Focus  Optimizing Operations  Operational Grade Control  Delivering on Guidance
  • 7. 7 Delivering on Strategy Secondary Focus  Balance Sheet Strategy  Organic Growth
  • 8. 8 Ramp-Up Production – First 6 Months Source: See News Release dated Nov 10, 2017 and Jan 23, 2018 Q3 2017 Q4 2017 TOTAL Gold Produced 82,203 oz 70,281 oz 152,484 oz Mill Feed Grade 10.52 g/t 8.24 g/t 9.36 g/t Gold Recovery Rate 96.49 % 95.8 % 96.19 % Ore Milled 261,262 t 271,501 t 532,763 t Average Milled Per Day 2,840 t/d 2,951 t/d 2,895 t/d Gold Production Results
  • 9. 9 Ramp-Up Production – Q4 2017 Long-hole Drill Availability  Third long-hole drill on site Constrained Stope Inventory  Underground development rate increased to 700 meters per month  Target 10-12 stopes for mining by mid-2018
  • 10. 10 Grade Control Program Sample Splitting Station  Commissioned  Designed to provide an estimated grade for each ring within a long-hole stope Reverse Circulation Drilling for Stope Definition  Underway  Infill drilling to 5 to 7-meter centers  Replaces planned infill diamond drilling  Lower cost, quicker, and bigger sample size than diamond drilling
  • 11. 11 Grade Control Program RC Drilling Refine Stope Dimensions Sample Splitting Station Reduce Dilution Optimize Grade Improve Reconciliation
  • 12. 12 Grade Control Program RC Drilling to Refine Stope Dimensions N 10 m
  • 14. 14 Grade Control Program Sample Splitting Station
  • 15. 15 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
  • 17. 17 Ramp-up Guidance Source: See News Release dated Jan 23, 2018. Currency US$ (1) All-in Sustaining Cost (AISC) is non-IFRS performance measure. AISC Guidance excludes capex required for production increase to 3,800 t/d. For reconciliation to IFRS measures refer to the Company’s MD&A. Low-range Mid-range High-range Gold Production 150,000 oz 175,000 oz 200,000 oz All-in Sustaining Cost2 $900 /oz sold $800 /oz sold $700 /oz sold H1 2018 Production & Financial Guidance1  All-in Sustaining Cost includes all costs (site and head office), other than costs related to the increase in production rate (estimated US$25 million)  Full-year Guidance mid-2018
  • 18. 18 Robust Margin – H1 2018 Guidance 400 500 600 700 800 900 1,000 125,000 175,000 225,000 AISC2(US$) 2018 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. AISC Guidance excludes capex required for production increase to 3,800 t/d. For reconciliation to IFRS measures refer to the Company’s MD&A.
  • 19. 19 Strategic Decisions  Additional development to build stope inventory  Contract miner during ramp-up and construction financing payback Cost Control Opportunities  Optimize mining operations  Reduce binder use for paste backfill  Evaluate material and supply contracts  Assess grind size increase  Potential snow removal savings 2018 Impacts to AISC
  • 20. 20 Strengthen Balance Sheet 2018  Build Cash Position  Refinance/Pay Down Credit Facility(1) – US$350M at 7.5% interest due Dec 31, 2018 – Extendable to Dec 31, 2019 with payment of 2.5% of principal and interest  Buy Back Precious Metals Stream(1,2) – 1st opportunity US$237M on Dec 31, 2018 (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
  • 21. 21 40% Increase in Production Rate: (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) Low Capital Investment of ~US$25M(1) 3,800 t/d
  • 22. 22 Robust Margin with Increased Production Rate 500 550 600 650 700 750 800 400,000 450,000 500,000 550,000 600,000 AISC2(US$) Annual Gold Production (oz) (- 25% Grade) Reserve Grade Projected 2019 Production Window at 3,800 t/d1 (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. AISC Guidance excludes capex required for production increase to 3,800 t/d. For reconciliation to IFRS measures refer to the Company’s MD&A.
  • 23. 23 Organic Growth Opportunities  Exploration Drill Program for Source Porphyry - underway  Bowser Regional Exploration Potential – summer 2018  Brucejack Reserve Expansion - 2019
  • 24. 24 Reserve Expansion 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 19 June 2014 Updated 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 Potential Drill Intercepts3
  • 25. 25 Flow Dome Zone 250 m E Valley of the Kings  Development W 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) SU-6571 SU-6661 2018 Exploration Drill Holes (1) Regional exploration drill results; see News Release dated Oct 8, 2015 Exploration Drilling for Source Porphyry
  • 26. 26 5km 2017 2016 2015 2014 2011/13 Pre 2011 NN Boulder  Zone Koopa  Zone American  Creek Zone 5 km Brucejack Regional exploration program; see News Release dated Dec 5, 2017 Bowser Regional Exploration Surface Sampling
  • 27. 27 Production Increase Adds Ounces and Margin Alamos B2 Gold Detour IAM Gold Kirkland Oceana Semafo Alacer Argonaut Asanko Guyana Leagold TMAC Randgold Pretium Projected 2019(2) 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) Pretium at 3,800 t/d vs Peers Production(1) (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.
  • 28. 28 2018 Plans  Grade Control Program  Delivering on Guidance  Reconciliation End of Year  3,800 t/d Production Rate Increase  Exploration Drilling for Source Porphyry  Grass Roots Exploration
  • 29. 29 Shareholding & Analyst Coverage (1) As of February 16, 2018; ownership calculated on an undiluted basis. (2) As of February 16, 2018. Source: IPREO, Morningstar Inc. & SEDAR. Top Shareholders(2)` (% S/O) Black Rock Asset Management 15.8 Van Eck Associates 9.9 SSR Mining 4.9 M&G Investment Management 3.8 BMO Asset Management 2.7 Orion Mine Finance 2.5 Sun Valley Gold 2.2 Anchor Bolt Capital 1.9 Pretivm Management 1.9 The Vangaurd Group 1.8 Equity Structure(1) (shares in millions) Issued & Outstanding 182.4 Fully Diluted 194.2 Market Cap (Feb 16, 2018) US$1.29 B Analyst Coverage BMO Andrew Kaip Canaccord Genuity Rahul Paul CIBC David Haughton Citi Alexander Hacking Cormark Securities Richard Gray Credit Suisse Robert Reynolds Global Mining Research David Cotterell H.C. Wainwright Heiko F. Ihle Numis Jonathan Guy RBC Dan Rollins Roth Capital Partners Joseph Reagor Scotiabank Ovais Habib
  • 31. 31 Third Quarter 2017 Source: See News Release dated Nov 10, 2017. Currency US$ 3rd Quarter 2017 Gold Sold 55,413 oz Revenue $70.9 M Earnings from Mine Operations $26.0 M Working Capital $7.2 M Adjusted Earnings $8.3 M Per Share Adjusted Earnings $0.05/share Total Cash Costs $656/oz sold All-in Sustaining Cost $788/oz sold Financial Summary
  • 32. 32 Local Employment Brucejack Mine Workforce As of Dec 2017  83% British Columbia  51% NW British Columbia  35% First Nations
  • 33. 33 Longhole Stoping Active Stopes  12 stopes in the mining and backfill cycle at all times Dimensions  30 meter level spacing  45 meter maximum length  15 meter widths Dilution Factors  Primary Stopes Target: 7% To Date: 10-12%  Secondary Stopes: Target: 15% 30 M  SPACING
  • 34. 34 Underground Development Asbuilt September 2017 1200 LVL Stopes 1230 LVL Stopes 1260 LVL Stopes 1320 LVL Stopes 1350 LVL Stopes 1380 LVL Stopes Ore Flow DirectionView facing North West Valley of The  Kings Portal Ventilation  Raise Ventilation  Raise Ventilation Raise Truck Dump to  Crusher
  • 35. 35 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$16.00
  • 36. 36 Brucejack Feasibility Study Profile Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014; Mineral Reserve Update, see news release dated Dec. 15, 2016. Mine Life 18 years Feasibility Study Gold Production 7.27 million oz Average Annual Gold Production 504,000 oz (years 1-8) 404,000 oz (life of mine) Gold and Silver Recoveries 96.7% and 90.0% Processing Rate 2,700 tonnes per day
  • 37. 37 Brucejack - Robust Economics (1) Based on updated forecast of capital cost (see News Release dated February 3, 2017) and operating cost assumptions from the Feasibility Study and Technical Report Update on the Brucejack Project, with an effective date of June 19, 2014 (2) NPV is discounted to Dec 31, 2015. Economic Results by Metal Price (1) Low Case Base Case High Case Gold Price (US$/oz) $800 $1,100 $1,400 Silver Price (US$/oz) $10 $14 $18 NPV(2) (5% US$M) Pre-Tax $1,050 $2,340 $3,620 After Tax $690 $1,530 $2,360 Internal Rate of Return Pre-Tax 19.9% 34.4% 47.5% After-Tax 16.5% 28.5% 39.1% Net Cash Flow (US$M) Pre-Tax $2,110 $4,220 $6,320 After-Tax $1,470 $2,820 $4,170 Payback Pre-Tax 5.0 3.3 2.5 After-Tax 5.2 3.5 2.7 Exchange Rate (US$:C$) 0.75 0.75 0.75
  • 38. 38 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