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1
VA LU E T H R O U G H G O L D
2018 Results & 2019 Outlook Conference Call
February 15, 2019
Brucejack Mine Generates $197 Million Cash from Operations
2
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.
3
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 $.
4
Another Profitable Quarter
CLICK TO EDIT MASTER TITLE STYLE
6th consecutive quarter of profitability
Profitable every quarter since start-up
Adjusted earnings in 2018 of $0.54 per share
5
Brucejack MineFirst Full Year of Production
2018 Summary
Source: See News Releases dated February 14, 2019 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.
376,012 ounces gold produced
$454.6 million in revenue
$764 per ounce sold AISC1
$99.3 million adjusted earnings1
$608 per ounce cash margin1
6
Brucejack MineAnother Profitable Quarter
Q4 Summary
Source: See News Releases dated February 14, 2019 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.
96,342 ounces gold produced
$108.6 million in revenue
$784 per ounce sold AISC1
$20.2 million adjusted earnings1
Repurchased precious metals stream
Refinanced credit facility
$45.4 million cash at Dec 31, 2018
7
0
2
4
6
8
10
12
14
16
0
20,000
40,000
60,000
80,000
100,000
120,000
Q1 2018 Q2 2018 Q3 2018 Q4 2018
Gol
d G
rade
(g/t
)
Gol
d O
unce
s Pro
duce
d
Gold Ounces Gold Grade (g/t)
Source See News Releases dated April 11, 2018, July 9, 2018, Oct 9, 2018, Jan 9, 2019 & Feb 14, 2019 and refer to Company’s Financial Statements and MD&A.
2018 Gold Production
2018 Production
12.9 g/t gold average with grade control implemented
2018 Guidance
150,000 – 200,000 oz
2018 Actual
187,029 ozH1 2018
200,000 – 220,000 oz 188,983 ozH2 2018
8
Longhole Grade Control: Drill PatternLo
ngho
le R
ings
Expansion Slot Rings
Example Cross Section: Ring R7
LongholeDrill Trace
Plan View: Longhole Stope
Current Fan Drilling Method
Updated Parallel Drilling Method
9Source: See News Releases dated Feb 14, 2019.
2018 Reconciliation
Grade Reconciliation to the Resource Model
Full Year 2018 Q2 – Q4 2018
90% 92%
Improved with grade control implemented in Q2 2018
Technical session planned early in Q2 2019
10
0
50,000
100,000
150,000
Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018$0.0
$20.0
$40.0
$60.0
$80.0
Gol
d O
unce
s So
ld
Mill
ions
USD
Ounces Sold Cash Flow From Operations
Source: See News Releases dated Nov 10, 2017, Mar 8, 2018, May 10, 2018, Aug 9, 2018, Nov 8, 2018 & Feb 14, 2019 and refer to Company’s Financial Statements and MD&A.
Average $46 M per Quarter
Cash Flow from Operations
Significant Cash Generation
Sustainably profitable
Significant cash generation since start-up
11
Achieved 2018 AISC
2018 AISC1
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
$0
$200
$400
$600
$800
$1,000
$1,200
Q1 2018 Q2 2018 Q3 2018 Q4 2018
Gol
d O
unce
s Sol
d
AIS
C
Gold Ounces Sold AISC
Source: See News Releases dated May 10, 2018, Aug 9, 2018, Nov 8, 2018 & Feb 14, 2019 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 Guidance
$710 - $770 /oz
2018 Actual
$745 /ozH2 2018
12
2019 Production & Cost Guidance
Gold Production All-in Sustaining Cost1
390,000 - 420,000 oz $775 - $875 /oz sold
Ramp-up from 3,000 tpd to 3,800 tpd over 2019
Expected to average 3,500 tpd at 10.4 g/t
2019 gold grade not representative of LOM grade
Ramp-up requires: Mill upgrades & expansion of underground
development to accommodate mine sequencing and geotechnical constraints.
Source: See News Releases dated February 14, 2019 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.
Ramp-Up Guidance
13
2019 Cost Guidance
2019 Growth Spending
$ $/oz
2019 AISC1 Guidance $325 - 341 M $775 - $875 /oz
One time sustaining capital ~ ($15 M) ($40 /oz)
Additional development & drilling ~ ($23 M) ($60 /oz)
AISC1 Impact ($100 /oz)
Source: See News Releases dated February 14, 2019 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.
14
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
Reserve Expansion
15
2018 Exploration Drill Holes4
Reserve ExpansionEast, 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
Valley of the Kings
(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.
16
2019 Underground Exploration
2019 Budget Focused On:
Valley of the Kings reserve expansion
Reserve drilling towards the Flow Dome Zone to the east
Deep hole drilling the source porphyry
Source: See News Releases dated Feb 14, 2019.
17
Financial Performance
18
Revenue
0
50,000
100,000
150,000
$0.0
$50.0
$100.0
$150.0
Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018
Gol
d O
unce
s So
ld
Mill
ions
USD
Gold Ounces Sold Revenue
Q3 2017 – Q4 2018
Financial Performance
$108.6 M
Q4 2017 Q4 2018 YR 2018
Gold Ounces Produced 70,281 oz 96,342 oz 376,012 ozGold Ounces Sold 86,514 oz 89,011 oz 367,428 ozAverage Realized Price1 $1,211/oz $1,204/oz $1,231/ozRevenue $107.1 M $108.6 M $ 454.6 M
Source: See News Release dated Nov 10, 2017, Mar 8, 2018, May 10, 2018, Aug 9, 2018, Nov 8, 2018 & Feb 14, 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
19
Cost of Sales Per Ounce Sold
0
50,000
100,000
150,000
$0
$200
$400
$600
$800
$1,000
$1,200
Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018
Gol
d O
unce
s So
ld
$ U
SD /
Oun
ce S
old
Gold Ounces Sold Cash cost/Oz Cost of Sales/Oz
Q3 2017 – Q4 2018
Financial Performance
$610/oz
Q4 2017 Q4 2018 YR 2018
Cost of sales $80.2 M $72.5 M $303.9 MPer Ounce Sold1 $927/oz $814/oz $827/oz
Total Cash Costs1 $60.5 M $54.3 M $228.9 MPer Ounce Sold1 $700/oz $610/oz $623/oz
Source: See News Release dated Nov 10, 2017, Mar 8, 2018, May 10, 2018, Aug 9, 2018, Nov 8, 2018 & Feb 14, 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
$814/oz
20
Financial Performance
Net Earnings
Source: See News Releases dated Mar 8, 2018 & Feb 14, 2019 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.
Q4 2017 Q4 2018 YR 2018
Earnings from Mine Operations1 $26.9 M $36.1 M $150.6 M
Corporate Administrative Costs $5.7 M $6.8 M $15.8M
Operating Earnings $21.2 M $29.4 M $134.8 MInterest and FinanceExpense, net $15.4 M $16.8 M $64.2 MFinancial Instruments at Fair Value $8.5 M $10.7 M $17.1 M
Taxes $0.6 M ($1.4 M) $16.9 M
Net Earnings (loss) ($2.7 M) $2.8 M $36.6M
21
Net and Adjusted Earnings
Financial Performance
Q4 2017 Q4 2018 YR 2018
Net Earnings (loss) ($2.7 M) $2.8 M $36.6MPer Share ($0.01) $0.01 $0.20
Adjusted Earnings1 $12.7 M $20.2 M $99.3 MPer Share1 $0.07 $0.11 $0.54
-25,000
0
25,000
50,000
75,000
100,000
125,000
150,000
-$10.0
$50.0
Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018
Gol
d O
unce
s So
ld
Mill
ions
USD
Gold Ounces Sold Adjusted Net Earnings Net Earnings
$25.0
$0
v
v
v
Q3 2017 – Q4 2018
$20.2M
$2.8M
Source: See News Release dated Nov 10, 2017, Mar 8, 2018, May 10, 2018, Aug 9, 2018, Nov 8, 2018 & Feb 14, 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
22
0
50,000
100,000
150,000
Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018$0.0
$20.0
$40.0
$60.0
$80.0
Gol
d O
unce
s So
ld
Mill
ions
USD
Ounces Sold Cash Flow From Operations
Average $49 M per Quarter
Cash Flow from Operations
Cash Flow
Q3 2017 – Q4 2018
Q4 2017 Q4 2018 YR 2018
Cash Generated from Operations $33.4 M $42.9 M $197.2 M
Source: See News Release dated Nov 10, 2017, Mar 8, 2018, May 10, 2018, Aug 9, 2018, Nov 8, 2018 & Feb 14, 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
23
Cash Flow
Source: See News Releases dated Feb 14, 2019 and refer to Company’s Financial Statements and MD&A.
Cash on Hand (Jan 1, 2018) $56.3 M
Cash Generated from Operations $197.2 M
Proceeds from Bank Credit Facility (net) $472.4 M
Repurchase of Stream Obligation ($237.0 M)Repayment of Credit Facility (Construction) ($422.7 M)
Capital Expenditures ($32.9 M)
Other Investing & Financing Activity $12.1 M ($10.9 M)
Cash on Hand (Dec 31, 2018) $45.4 M
2018 Cash Balance
24
Refinance of Construction Debt
Source: See News Releases dated Aug 9, 2018 & Nov 8, 2018 and refer to Company’s Financial Statements and MD&A.
$480 M Syndicated Bank Facility $250 M Term Facility
– 15 equal quarterly payments starting June 2019
$230 M Revolving Facility – $30 M reduction payment (June 2019)
– Due at maturity (Dec 2022)
$40 M per year available for dividends or share buybacks commencing in 2020
25
All-In Sustaining Cost (AISC1)
Source: See News Releases dated Feb 14, 2019 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.
YR 2018Actual YR 2019 Guidance
Gold Ounces Sold 367,428 oz 390,000 – 420,000 oz
Total Cash Costs1 $228.9 M $255 - 265 M
Sustaining Capital Expenditures $16.5 M $27 – 30 M
Treatment and Refinery Charges $16.8 M $22 - 23 MAccretion on DRP, Site Share Based Compensation & Lease Obligations $2.9 M $6 - 7 M
Corporate and Administrative $15.7 M $15 - 16 M
Total AISC1 $280.8 M $325 - 341 M
Per Ounce Sold1 $764/oz $775 – 875/oz
AISC Components
26
2019 - Catalysts
Updated Mineral Reserve and Mineral Resource estimates (Early Q2)
Updated Life of Mine plan (Early Q2)
Complete ramp-up to 3,800 tonnes per day (2019)
Reserve expansion (2019)
27
2019 Technical Session
Technical Session and Webcast Early Q2
28
Alamos
B2 Gold
Detour
Iamgold
Kirkland
Oceana
Semafo
Alacer
Argonaut
AsankoGuyana
Leagold
Pretivm
Tahoe
Eldorado
Endeavour
Torex
500
600
700
800
900
1000
1100
1200
1300
0 100 200 300 400 500 600 700 800 900 1000
AIS
C2
(US$
)
Gold Production (000’s oz)
)
(1) Source: Company websites – Full Year 2018 gold production and AISC reported or estimates averaged from Scotia, BMO, RBC, CIBC & Cormark when actual unavailable.
(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 - Full Year Gold Production and Estimated AISC(1)
Low-Cost Producer Cost of Production Relative to Peers
29
Undervalued Cash FlowTrading at Discount Relative to Mid Tier Peers
Leagold
SSR Mining Torex New Gold
Alamos
Oceana Endeavour Detour
Kirkland Lake
Centerra
B2Gold
Pretivm
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
$(150) $(100) $(50) $- $50 $100 $150 $200 $250
Ente
rpri
se V
alue
( M
US$
)
2019 Estimated Free Cash Flow (M US$)
Pretivm vs Peers - Enterprise Value to Estimated Free Cash Flow
(1) Source: Scotiabank Financial Equity Research Estimates (11/02/19).
30
Brucejack Mine
Profitable Low-cost Mid-tier gold producer Canada: stable geo-political
jurisdiction
Focused on consistent execution - to deliver profitable gold production
31
Questions
PVG : TSX/NYSEpretivm.com
32
Shareholding & Analyst Coverage
(1) As of February 14, 2019; ownership calculated on an undiluted basis.(2) As of February 14, 2019. Source: IPREO, Morningstar Inc. & SEDAR.
Top Shareholders(2)` (% S/O)
Van Eck Associates 13.7BlackRock Asset Management 12.7Letko, Brosseau & Associates 7.7Rothschild Asset Management 3.7BMO Asset Management 3.6Orion Mine Finance 2.5The Vanguard Group 2.3Franklin Advisors 2.2Pretivm Management 1.8
Equity Structure(1)(shares in millions)
Issued & Outstanding 184.1Fully Diluted 195.9
Market Cap (Feb 14, 2019) US$1.39B
Analyst CoverageAlliance Global Partners Bhakti PavaniBMO Andrew KaipCanaccord Genuity Rahul PaulCIBC Anita SoniCiti Alexander HackingCormark Securities Richard GrayGlobal Mining Research David RadclyffeH.C. Wainwright Heiko F. IhleNumis Jonathan GuyRBC Dan RollinsRoth Capital Partners Joseph ReagorScotiabank Ovais Habib
33
Fourth Quarter and Full-Year 2018Select Operating Results
Source: See News Releases dated Feb 14, 2019 and refer to Company’s Financial Statements and MD&A.
Three months ended December 31, Year ended December 31,2018 2017 2018 2017(1)
Ore mined t 283,136 280,671 1,055,208 552,205Mining rate tpd 3,078 3,051 2,891 3,001
Ore milled t 267,048 271,501 1,005,603 532,763
Head grade g/t Au 11.5 8.2 11.9 9.4
Recovery % 97.0 95.8 97.3 96.2
Mill throughput tpd 2,903 2,951 2,755 2,895
Gold ounces produced oz 96,342 70,281 376,012 152,484
Silver ounces produced oz 113,886 96,004 422,562 179,237
Gold ounces sold oz 89,011 86,514 367,428 141,927
Silver ounces sold oz 82,380 107,900 372,090 127,746
The following abbreviations were used above: t (tonnes), tpd (tonnes per day), g/t (grams per tonne), Au (gold) and oz (ounces).
(1) Data for the year ended December 31, 2017 covers the period commencing from July 1, 2017, the date the Brucejack Mineachieved commercial production, to December 31, 2017.
34
Fourth Quarter and Full-Year 2018Select Financial Results
Source: See News Releases dated Feb 14, 2019 and refer to Company’s Financial Statements and MD&A.
In thousands of USD, Three months ended December 31, Year ended December 31,except for per ounce data 2018 2017 2018 2017(1)
Revenue $ 108,596 107,058 454,556 177,933Earnings from mine operations (2) $ 36,117 26,890 150,629 52,853Net earnings (loss) for the period $ 2,847 (2,720) 36,620 (16,453)
Per share - basic $/share 0.01 (0.01) 0.20 (0.09)Per share - diluted $/share 0.01 (0.01) 0.20 (0.09)
Adjusted earnings (2) $ 20,177 12,742 99,349 17,426Per share - basic (2) $/share 0.11 0.07 0.54 0.10
Total cash and cash equivalents $ 45,407 56,285 45,407 56,285Cash generated from operating
activities 42,886 33,408 197,244 73,321
Total assets $ 1,613,418 1,671,537 1,613,418 1,671,537Long-term debt (3) $ 456,254 293,029 456,254 293,029
Total cash costs (2) $/oz 610 700 623 683All-in sustaining costs (2) $/oz 784 893 764 852
Average realized price (2) $/oz 1,204 1,211 1,231 1,239Average realized cash margin (2) $/oz 594 511 608 556(1) Data for the year ended December 31, 2017 covers the period commencing from July 1, 2017, the date the Brucejack Mine achieved
commercial production, to December 31, 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 loan facility and the offtake obligation in the
amount of $85,961 as at December 31, 2018.
35
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