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PRETIVM.COMPVG: TSX/NYSE
Brucejack Mine – Milestones to Production2017: Commercial production announced July 2017. First gold pour June 2017.2016: Construction advanced with the completion of the 330-person camp and enclosure of the 2,700 tonnes per day mill.2015: Received BC Environmental Assessment Certificate March 2015. Received Federal Environmental Decision Statement July 2015. Received Mines Act Permit and Environmental Management Act Permit Sept 2015.2014: Updated Feasibility Study (June 2014); retained EPCM Contractor.2013: Updated Valley of the Kings Mineral Resource estimate (December); completed Valley of the Kings 10,000-tonne bulk sample program and underground exploration drilling; completed Feasibility Study (June); initiated permitting for an 2,700 tonnes per day underground mine.2012: Updated high-grade Mineral Resource estimate; completed access to Highway 37.2011: Completed first Mineral Resource estimate for Brucejack and conducted a 72,144-meter drill program focused on the Valley of the Kings.2010: Acquired Brucejack Project and Snowfield Project from Silver Standard Resources Inc. for C$450 million; Pretium IPO on TSX.
HIGHLIGHTS• Ramping up production• Local and regional exploration potential• Located in British Columbia
British Columbia’s newest gold mine. The high-grade underground gold mine is ramping up production.
Third Quarter 2017 Operating Results Third Quarter 2017 Financial Summary
3rd Quarter 2017
Gold Produced 82,203 ozMill Feed Grade 10.52 g/tGold Recovery Rate 96.49 %Ore Milled 261,262 tAverage Milled Per Day 2,840 t/dGold Sold 55,413 oz
Source: News Release dated Nov 10, 2017. Currency US$
3rd Quarter 2017
Revenue $70.9 MEarnings from Mine Operations $26.0 MWorking Capital $7.2 MAdjusted Earnings $8.3 MPer Share Adjusted Earnings $0.05/shareTotal Cash Costs $656/oz soldAll-in Sustaining Cost $788/oz sold
Source: News Release dated Nov 10, 2017. Currency US$
PRETIVM.COMPVG: TSX/NYSE
ContactPretium Resources Inc.Tel: 604-558-1784 Email: [email protected]
Shareholding (shares in millions)
Common Shares 182.3Shares Outstanding 194.9(as of Jan 15, 2018)
Analyst CoverageBMO Capital Markets Andrew KaipCanaccord Genuity Eric ZaunscherbCIBC Capital Markets Jeff KilleenCiti Alexander HackingCormark Securities Richard GrayCredit Suisse Robert ReynoldsGlobal Mining Research David CotterellH.C. Wainwright Heiko F. IhleNumis Jonathan GuyRBC Dominion Securites Dan RollinsRoth Capital Partners Joseph ReagorScotia Capital Inc Ovais Habib
Top Shareholders
BlackRock Investment Management 13.6%Van Eck Associates 10.3%SSR Mining 5.0%Liberty Mutual Group Asset Management 4.1%M&G Investment Management 3.0%Pretivm Management 1.9%As of Jan 15, 2018Source: Ipreo, Morningstar Inc., SEDAR
(1) Source: Feasibility Study and Technical Report on the Brucejack Project, dated June 19, 2014; capital cost updates, news release dated Feb 14, 2017.(2) Base case metals prices of US$1,100 /oz gold and US$14/oz silver (3) Source: Reserve Estimate Update news release Dec 14, 2016(4) Includes cash costs net silver credit, sustaining capital, corporate G&A, and reclamation cost accretion
Life of Mine Estimates and Highlights (1,2) : Processing rate 2,700 tonnes per day Mine life 18 years Total gold reserves 8.7 million oz Average annual gold production 504,000 ounces (years 1-8) 404,000 ounces (life of mine) Average gold grade(3) 16.1 g/t (years 1-10) 14.1 g/t (life of mine) All-in sustaining cash cost per oz (4) US$446/oz Capex (including working capital) US$811.1 million Total operating costs C$163.05/t milled Internal Rate of Return 34.4% (pre-tax) 28.5% (post-tax) Net Present Value US$2.34 billion (pre-tax) (5% discount) US$1.53 billion (post-tax)
