Q3 2019 Financial & Operating Results Conference Call · 1 VALUE THROUGH GOLD Q3 2019 Financial & Operating Results Conference Call October 31, 2019

1

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

Q3 2019 Financial & Operating Results Conference Call

October 31, 2019

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 information”). The purpose of disclosing future oriented financial information and financial outlooks is to provide a general overview of management’s expectations regarding the anticipated results of operations and costs thereof and readers are cautioned that future oriented financial information and financial outlook may not be appropriate for other purposes. Wherever possible, words such 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 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: the estimation of Mineral Reserves and Resources, including the updates thereto; realization of Mineral Reserve and Resource estimates; our estimated life of mine and life of mine plan for the Brucejack Mine; production and processing estimates; capital, sustaining and operating cost estimates and timing thereof; estimated economic results of the Brucejack Mine, including net cash flow and net present value; the expected grade of gold and silver production; predicted metallurgical recoveries for gold and silver; geological and mineralization interpretations; development of the Brucejack Mine; the Brucejack Mine production rate and the ramp-up to 3,800 tonnes per day production rate; capital modifications and upgrades, underground development, and estimated expenditures and timelines in connection therewith, including with respect to the ramp-up to 3,800 tonnes per day production rate; our planned mining (including mining methods), expansion, exploration and development activities, including our infill, expansion and underground exploration drill programs and our grassroots exploration program, and the results, costs and timing thereof; timelines and similar statements relating to the economic viability of the Brucejack Mine, including mine life, total tonnes mined and processed and mining operations; production and cost guidance; our operational grade control program, including plans with respect to our infill drill program and our local grade control model; grade reconciliation, updated geological interpretation and mining initiatives with respect to the Brucejack Mine; our operational strategy; our future operational and financial results, including estimated cash flows, and the timing thereof; payment of our debt and other obligations, including the source of funds and timing thereof; the future price of gold and silver; our liquidity and the adequacy of our financial resources; our intentions with respect to our capital resources; results, analyses and interpretations of exploration and drilling programs; timing, receipt, and anticipated effects of, and anticipated capital costs in connection with approvals, consents and permits under applicable legislation; litigation matters; environmental matters; our effective tax rate and the recognition of our previously unrecognized income tax attributes; statements regarding United States dollar cash flows, currency fluctuations and the recurrence of foreign currency translation adjustments; plans regarding our compensation policy and practices; and management and board of directors succession plans. 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 materially differ from those expressed or implied by the forward-looking information, including, without limitation, those related to: uncertainty as to the outcome of legal proceedings; the effect of indebtedness on cash flow and business operations; the effect of restrictive covenants in our agreements; our ability to satisfy commitments under our Offtake Agreement; assumptions regarding expected capital costs, operating costs and expenditures, production schedules, economic returns and other projections; our production and production cost estimates, including the accuracy thereof; commodity price fluctuations, including gold price volatility; the accuracy of our Mineral Resource and Reserve estimates (including with respect to size, grade and recoverability) and the geological, operational and price assumptions on which they are based; our ability to maintain or increase our annual production of gold at the Brucejack Mine or discover, develop or acquire Mineral Reserves for production; dependency on the Brucejack Mine for our future operating revenue; the development of our properties; general economic conditions; the inherent risk in the mining industry; and significant governmental regulations, including environmental regulations; and such other risks, uncertainties and factors as are identified in our Annual Information Form dated March 28, 2019, Form 40-F dated March 28, 2019, most recently filed MD&A and other applicable disclosure documents as filed in Canada on SEDAR at www.sedar.com and in the United States through EDGAR at the United States Securities and Exchange Commission’s (“SEC”) website at www.sec.gov (collectively, the “Pretivm Disclosure Documents”). This list is not exhaustive of the factors that may affect any of our forward-looking information. Our forward-looking information is based on the assumptions, beliefs, expectations and opinions of management on the date the statements are made, many of which may be difficult to predict and beyond our control. In connection with the forward-looking information contained in this Presentation, we have made certain assumptions about, among other things: our business and that no significant events will occur outside of our normal course of business; planned exploration and development activities and the costs and timing thereof; future prices of gold and silver and other metal prices; the accuracy of our Mineral Resource and Mineral Reserve estimates; the geology and mineralization of the Brucejack Project; operating conditions; capital and operating cost estimates; production and processing estimates; the results, costs and timing of future exploration and drilling; timelines and similar statements relating to the economic viability of the Brucejack Project; timing and receipt of governmental, regulatory and third party approvals, consents, licenses and permits; obtaining required renewals for existing approvals, consents, licenses and permits; the adequacy of our financial resources and our ability to raise any necessary additional capital on reasonable terms; our ability to satisfy the terms and conditions of our debt obligations; commodity prices; currency exchange rates and interest rates; political and regulatory stability; requirements under applicable laws; market competition; sustained labour stability and availability of equipment; positive relations with local groups; favourable equity and debt capital markets; stability in financial and capital markets; and such other factors and assumptions as are set out in the Pretivm Disclosure Documents. The foregoing list of assumptions and factors is not exhaustive. Although we believe that the assumptions inherent in the forward-looking information are reasonable, they are subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward-looking information. Forward-looking information is not a guarantee of future performance. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, or to explain any material difference between subsequent actual events and such forward-looking information, other than as required by applicable law. For the reasons set forth above, readers should not place undue reliance on forward-looking information.

3

Notes to InvestorsScientific and Technical DisclosureCertain technical and scientific information contained herein relating to the Brucejack Project is derived from, and in some instances is an extract from, the Company’s NationalInstrument 43-101 – Standards of Disclosure of Mineral Projects (“NI 43-101”) – technical report (the “2019 Report”) entitled “Technical Report on the Brucejack Gold Mine, NorthwestBritish Columbia” with an effective date of April 4, 2019 prepared for Pretivm by Ivor W.O. Jones, M.Sc., P.Geo., FAusIMM, CP(Geo) of Ivor Jones Pty Ltd., Mark Horan, P.Eng. ofTetra Tech Canada Inc. (“Tetra Tech”), Jianhui (John) Huang, Ph.D., P.Eng. of Tetra Tech, Hassan Ghaffari, P.Eng. of Tetra Tech, Maritz Rykaart, Ph.D., P.Eng. of SRK Consulting(Canada) Inc., Rolf Schmitt, M.Sc., P.Geo. of Environmental Resources Management, Alison Shaw, Ph.D., P.Geo. of Lorax Environmental Services Ltd., Hamish Weatherly, M.Sc.,P.Geo. of BGC Engineering Inc. (“BGC”), Trevor Crozier, M.Eng., P.Eng. of BGC, Catherine Schmid, M.Sc., P.Eng. of BGC and Ed Carey, P.Eng. of BGC. The 2019 Report is theonly current NI 43-101 compliant technical report with respect to the Brucejack Project and supersedes all previous technical reports. Reference should be made to the full text of the2019 Report, which has been filed with certain Canadian securities regulatory authorities pursuant to NI 43-101. The 2019 Report is available for review under the Company’s profileson SEDAR at www.sedar.com and EDGAR at the SEC’s website at www.sec.gov. Scientific and technical information in this Presentation not contained in the 2019 Report has beenreviewed, approved and verified by Kenneth C. McNaughton, M.A.Sc., P.Eng., our Vice President and Chief Exploration Officer, Lyle Morgenthaler, B.A.Sc., P.Eng., our Chief MineEngineer, Warwick Board, Ph.D., P.Geo, Pr.Sci.Nat., our Vice President, Geology and Chief Geologist, and Nicolas Scarcelli-Casciola, B.A.Sc., P.Eng., our Mine Planning Manager, eachof whom is a “Qualified Person” as defined in NI 43-101.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-economic, marketing, political or other relevant issues. There is no guarantee that all or any part of the mineral resource will be converted intomineral reserves.Technical disclosure set out in this Presentation has not been prepared in accordance with the requirements of United States securities laws and uses terms that comply with reportingstandards in Canada with certain estimates prepared in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standardsfor all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Unless otherwise indicated, all Mineral Reserve and Mineral Resourceestimates contained in this Presentation have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System.Canadian standards, including NI 43-101, differ significantly from the requirements of the SEC under its Industry Guide 7 (“Guide 7”), and Mineral Reserve and Resource informationcontained in this Presentation may not be comparable to similar information disclosed by United States companies reporting pursuant to Guide 7. In particular, and without limitingthe generality of the foregoing, the term “resource” does not equate to the term “reserves”. Under Guide 7, mineralization may not be classified as a “reserve” unless the determinationhas been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made and volumes that are not “reserves’should not be disclosed. Among other things, all necessary permits would be required to be in hand or issuance imminent in order to classify mineralized material as reserves underGuide 7. Accordingly, Mineral Reserves estimates included in this Presentation may not qualify as “reserves” under Guide 7. Guide 7’s current disclosure standards normally do notpermit the inclusion of information concerning “Measured Mineral Resources”, “Indicated Mineral Resources” or “Inferred Mineral Resources” or other descriptions of the amount ofmineralization in mineral deposits that do not constitute “reserves” by Guide 7 standards in documents filed with the SEC. United States investors should also understand that“Inferred Mineral Resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all orany part of “Mineral Resources”, “Indicated Mineral Resources” or “Inferred Mineral Resource” will ever be upgraded to a higher category. Under Canadian rules, estimated“Inferred Mineral Resources” may not form the basis of feasibility or pre-feasibility studies except in rare cases. Investors are cautioned not to assume that all or any part of the“Mineral Resources”, “Measured Mineral Resources”, “Indicated Mineral Resources” or “Inferred Mineral Resource” reported in this Presentation exists or is economically or legallymineable. Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations; however, Guide 7 normally only permits issuers to report mineralizationthat does not constitute “reserves” by Guide 7 standards as in-place tonnage and grade without reference to unit measures. Investors are specifically cautioned not to assume that all orany part of the mineral deposits in these categories will ever be converted into Guide 7-defined mineral reserves. In addition, the definitions of “Proven Mineral Reserves” and“Probable Mineral Reserves” under reporting standards in Canada differ in certain respects from the standards of Guide 7. Accordingly, information concerning mineral deposits setforth or incorporated by reference herein may not be comparable with information made public by companies that report in accordance with Guide 7.Non-IFRS Financial Performance MeasuresThis Presentation includes certain non-IFRS measures. The Company believes that these measures, in addition to measures prepared in accordance with InternationalFinancial Reporting Standards (“IFRS”), provide readers an improved ability to evaluate the underlying performance of the Company and to compare it to information reportedby other companies. Management uses these measures for internal valuation for the period and to assist with planning and forecasting of future operations. The non-IFRS measuresare intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance withIFRS. These measures do not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to similar measures presented by other issuers. Refer to theCompany’s latest MD&A for further details, including an explanation, discussion and reconciliation of non-IFRS measures.CurrencyUnless otherwise indicated, all dollar values herein are in United States dollars.

4

Brucejack MineNinth Consecutive Quarter of Positive Earnings

Q3 2019 Summary

Source: See News Releases dated October 30, 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.

88,227 ounces gold produced

$132.7 million in revenue

$878 per ounce sold AISC1

$34.0 million adjusted earnings1

$77.8 million cash generated

Reduced debt by $79.1 million

$398.7 million outstanding on loan

$0.18/share adjusted earnings1

5

Ramping-Up to Steady State at 3,800 tonnes per day

Opening up mining horizons in the Valley of the Kings

Establishing stope inventory with a range of grades provides for:

» Stope blending for consistent production» Alternative stopes as required

Stope inventory improves management of production grades (no stockpiles at Brucejack)

6

Q3 Ramp-Up Progress

Mining focused on:» Progressing underground development to increase

access to the mine » Increasing grade to the mill by refining stope

dimensions

Optimizing grade - with limited stope inventory-resulted in reduction of tonnes available

Operational issues encountered in 2 stopes mid-September

» Hang-up of a production stope» Complications sequencing a stope

Lower than planned tonnes, grade and ounces in September reduced Q3 gold production

7

Q4 Ramp-Up

Production mining in Q4 is focused on maximizing tonnes to the mill

All stopes above a cut off grade of ~5.0 g/t gold will be mined and processed as they become available

Underground development planned to continue at a rate of ~1,000m/month through year end

8

Adjusted 2019 Ramp-Up Guidance

YTD 2019 2019 Guidance Adjusted 2019 Guidance

Gold Production 258,168 oz 390,000 – 420,000 oz 340,000 - 350,000 oz

Total AISC1 $231.2 M $325 – 341 M $314 - 323 M

AISC/oz sold1 $896/oz $775 – 875/oz $900 – 950 /oz

All stopes above 5.0 g/t are being mined

2019 gold grade not representative of LOM grade

Source: See News Releases dated Oct 30, 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.

Adjusted 2019 Production and AISC Guidance

9

Improving Access to Reserves

Incline

1440

1410

13801350

1320

1290

1260

1230

1200

1140

1110

1080

1170

Underground development rate: ~ 1,000m/month All stopes above 5 g/ t are being mined & processed

2018 Underground DevelopmentSection View Looking North

Current Mining Horizons 1200-1410

Underground Development

Dec 31 2018

Measured and Indicated Resource

EW

10

Improving Access to Reserves

Incline

1440

1410

1380

1350

1320

1290

1260

1230

1200

1140

1110

1080

1170

EW

Underground development rate: ~ 1,000m/month All stopes above 5 g/ t are being mined & processed

Sept 2019 Underground DevelopmentSection View Looking North


Dec 31 2018 Sept 30 2019



11(1) Production rate increase to 3,800 t/d from 2,700 t/d. See News Release dated Dec 21, 2018.

96.7% GOLD RECOVERY (LOM)

Mill Ramp-up Complete

Two Thirds of Total Gold Production

One Third of Total Gold Production

12

0

50,000

100,000

Q32017

Q42017

Q12018

Q22018

Q32018

Q42018

Q12019

Q22019

Q32019

$0.0

$20.0

$40.0

$60.0

$80.0

Gol

d O

unce

s So

ld

Mill

ions

USD

Gold Ounces Sold Cash Flow From Operations

$77.8 M

Source: See News Releases dated Nov 10, 2017, Mar 8, 2018, May 10, 2018, Aug 9, 2018, Nov 8, 2018, Feb 14, 2019, May 2, 2019, Aug 1, 2019 & Oct 30, 2019 and refer to Company’s Financial Statements and MD&A.

Positive Cash Flow Since Start-Up

Cash Flow from Operations

Significant Cash Generation

Sustainably profitable

Significant cash generation since start-up

13

Financial Performance

14

Significant Quarter over Quarter Improvements

$0

$500

$1,000

$1,500

Q2 2019 Q3 2019

$ U

SDFinancial Performance

Source: See News Release dated Dec 18, 2018, May 2, 2019, Aug 1, 2019 & Oct 30, 2019 and refer to Company’s Financial Statements and MD&A.

Reduced debt by over $140M including repurchase of offtake obligation

Realized Gold Price

13%

$1,319$1,486

$0

$25

$50

Q2 2019 Q3 2019

$M U

SD

Earnings from Operations

56%

$29M

$46M

$0

$25

$50

$75

Q2 2019 Q3 2019

$M U

SD

Operating Cash Flow

89%

$41M

$77M

15

Revenue

0

50,000

100,000

150,000

$0.0

$50.0

$100.0

$150.0

Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019

Gol

d O

unce

s So

ld

Mill

ions

USD

Gold Ounces Sold Revenue

Q1 2018 – Q3 2019


$132.7 M

Q3 2018 Q2 2019 Q3 2019

Gold Ounces Produced 92,641 oz 90,761 oz 88,227 ozGold Ounces Sold 94,458 oz 85,953 oz 90,713 ozAverage Realized Price1 $1,214/oz $1,319/oz $1,486/ozRevenue $110.1 M $113.2 M $132.7 M

See News Release dated May 10/18, Aug 9/18, Nov 8/18, Feb 14/19 , May 2/19, Aug 1/19 & Oct 30/19 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.

16

$0

$50

$100

$150

$200

$250

Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019

$ U

SD /

Tonn

e

Mine general andadministrative

Surface Services

Processing

Mining


Q3 2018 Q2 2019 Q3 2019

Mining $/t mined 91 93 96Processing $/t milled 23 17 21Surface Services $/t milled 43 25 26Mine G&A $/t milled 45 33 34Total Production Costs $/t milled 207 173 181

Source: See News Release dated May 10/18, Aug 9/18, Nov 8/18, Feb 14/19, May 2/19, Aug 1/19 & Oct 30/19 and refer to Company’s Financial Statements and MD&A.

Production Cost per TonneQ1 2018 – Q3 2019

17

Total Cash Cost Per Ounce Sold1

0

50,000

100,000

150,000

$0

$200

$400

$600

$800

$1,000

Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019

Gol

d O

unce

s So

ld

$ U

SD /

Oun

ce S

old

Gold Ounces Sold Cash cost/Oz

Q1 2018 – Q3 2019


$640/oz

Q3 2018 Q2 2019 Q3 2019

Cost of Sales $72.5 M $83.4 M $86.2 MPer Ounce Sold1 $767/oz $970/oz $950/oz

Total Cash Costs1 $53.7 M $60.4 M $58.1 MPer Ounce Sold1 $568/oz $702/oz $640/oz


18


Net Earnings

Source: See News Releases dated Nov 8, 2018, Aug 2, 2019 & Oct 30, 2019 and refer to Company’s Financial Statements and MD&A.(1) Deferred income tax expense includes an $8.1 M impact related to repurchase of offtake obligation.(2) May not add due to interest and finance income and foreign exchange gain (loss) not disclosed.

Q3 2018 Q2 2019 Q3 2019

Earnings from Mine Operations $37.6 M $29.8 M $46.6 M

Corporate Administrative Costs ($3.1M) ($4.3 M) ($5.3 M)

Operating Earnings $34.5 M $25.5 M $41.3 MInterest and FinanceExpense ($17.1 M) ($8.8 M) ($8.0 M)Financial Instruments at Fair Value ($7.3 M) ($3.5 M) ($4.4 M)

Taxes1 ($0.8 M) ($2.6 M) ($23.3 M)

Net Earnings2 $10.7 M $10.4 M $6.3 M

19


Q3 2018 Q2 2019 Q3 2019

Net Earnings $10.7 M $10.4 M $6.3 MPer Share $0.06 $0.06 $0.03

Adjusted Earnings1 $26.3 M $17.0 M $34.0 MPer Share1 $0.14 $0.09 $0.18

-25,000

0

25,000

50,000

75,000

100,000

125,000

150,000

-$10.0

$50.0

Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019

Gol

d O

unce

s So

ld

Mill

ions

USD

Gold Ounces Sold Adjusted Net Earnings Net Earnings

$25.0

$0

v

v

v

$34.0M

$6.3M


Q1 2018 – Q3 2019Net and Adjusted Earnings

20

0

50,000

100,000

150,000

Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019$0.0

$20.0

$40.0

$60.0

$80.0

Gol

d O

unce

s So

ld

Mill

ions

USD

Gold Ounces Sold Cash Flow From Operations

Continued Significant Cash Flow

Cash Generated from Operations

Cash Flow

Q1 2018 – Q3 2019

Q3 2018 Q2 2019 Q3 2019

Cash Generated from Operations $52.4 M $41.2 M $77.8 M

$77.8 M

Source: See News Release dated May 10/18, Aug 9/18, Nov 8/18, Feb 14/19 , May 2/19, Aug 1/19 & Oct 30/19 and refer to Company’s Financial Statements and MD&A.

21

Cash Flow

Source: See News Releases dated May 2, 2019, Aug 1, 2019 & Oct 30, 2019 and refer to Company’s Financial Statements and MD&A.(1) May not add due to rounding.(2) Other is primarily proceeds from exercise of stock options in the amount of $5.1M (Q3 2019) and $7.3M (YTD 2019).

H1 2019 Q3 2019 YTD 20191

Cash on Hand (beginning) $45.4 MCash Generated from Operations $81.1 M $77.8 M $158.9 M

Repayment of Loan Facility ($64.7 M) ($16.7 M) ($81.3 M)Repurchase of Offtake Obligation - ($62.4 M) ($62.4 M)

Interest ($15.3 M) ($7.0 M) ($22.3 M)

Capital Expenditures ($12.7 M) ($14.6 M) ($27.3 M)

Other2 $0.5 M $5.2 M $5.6 M

Cash on Hand (end) $16.6 M

YTD 2019 Cash Balance

22

Refinanced Construction Debt with Syndicated Bank Loan Facility (Dec 2018)

$0

$100

$200

$300

$400

$500

$600

Dec 2018 Mar 2019 Jun 2019 Sep 2019

$ U

SD

Debt Reduction

Source: See News Release dated Dec 18, 2018, May 2, 2019, Aug 1, 2019 & Oct 30, 2019 and refer to Company’s Financial Statements and MD&A.

Achieved debt reduction of over $140M during first 9 months of 2019 from operating cash flow which includes $62 M for repurchase of offtake obligation

$550.0M $537.0M$494.3M

182210230

250 250 233.3

Revolver

Term

$418.7M

182

216.7

797770

Offtake20

23

AISC Components

Source: See News Releases dated Oct 30, 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.

YTD 2019 Adjusted 2019 Guidance

Gold Ounces Sold 258,100 oz 340,000 – 350,000 oz

Total Cash Costs1 $174.2 M $240 – 245 M

Sustaining Capital Expenditures $19.6 M $25 - 26 M

Treatment and Refinery Charges $16.4 M $22 - 23 MAccretion on DRP, Site Share-Based Compensation & Lease Obligations $7.9 M $10 - 11 M

Corporate and Administrative $13.1 M $17 - 18 M

Total AISC1 $231.2 M $314 - 323 M

Per Ounce Sold1 $896/oz $900 - 950/oz

24

YTD 2019 Financial Highlights

Generated $159 M in cash from operations Repaid $143 M in debt Continue to focus on debt reduction

25

Longitudinal Longhole Stoping

N

Domain 20

Current UndergroundDevelopment

Planned UndergroundDevelopment

Typical Transverse Stope

Typical Longitudinal Stope

> 5 g/t drill intersection

Underground visible gold

High-grade corridors –Domain definition in progress

1170 M Level – Plan View

26

Incorporating Longitudinal Longhole Stoping

Mine along direction of high-grade corridors where defined

Minimize stope dilution

Manage grade variability

Reduce development costs

Will be incorporated in updated Life of Mine plan scheduled for release in Q1 2020

27

Incline

1440

1410

13801350

1320

1290

1260

12301200

1140

1110

1080

1170PHASE 1 DEFINITION DRILLING

PHASE 2 DEFINITION DRILLING

Measured and Indicated Resource Section View Looking North EW

Resource Definition and Expansion Drilling



28

Resource and Reserve Update

Resource and Reserve update based on phase 1 and phase 2 drilling

» 89,930 meters from 1,483 holes

New life of mine plan incorporating longitudinal longhole stoping

Target completion Q1 2020

29

Incline

1440

1410

13801350

1320

1290

1260

12301200

1140

1110

1080

1170PHASE 1 DEFINITION DRILLING

PHASE 3 EXPANSION DRILLING

PHASE 4EXPANSION DRILLING

PHASE 2 DEFINITION DRILLING

Measured and Indicated Resource Section View Looking North EW

Resource Definition and Expansion Drilling



30

Flow Dome ZoneValley of the Kings

Reserve Expansion & Potential at Depth

6th Deep Drill Hole1


EW

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

OPEN

SU-657

OPEN

2015 Drilling3

2019 Deep Hole Drilling1

107.5m @5.56 g/t Au(Inc 1.5m @185.5 g/t Au)

VU-1787

2018Drilling2

VU-1785

VU-820VU-911

OPEN

VU-2019

Indicated Resource4

Measured Resource4

500 m

Au (g/t)0.5-1.01.0-5.05.0-20.0>20.0

Inferred Resource4

(1) 2019 Underground Exploration Drilling; see News Release dated June 5, 2019 & Sept 16, 2019.(2) 2018 Underground Exploration Drilling; see News Release dated June 18, 2018 (3) 2015 Regional Drill program; see News Release dated Oct 8, 2015(4) Outline of Measured, Indicated, and Inferred Mineral Resource, based on NI 43-101 dated Apr 4, 2019

31

30 km

Regional exploration program; see News Release dated Sept 16, 2019 & June 5, 2019

5 km2018 Drill Hole Collar

BRUCEJACKMINE

Koopa Zone

Canoe Zone

Lillianne ZoneClaim Outline

A6 Zone

Virginia K Zone

Bowser Regional Exploration2019 Drill Target Areas

Tuck Zone

Haimila Zone

Over 1200 km2

Eskay Creek Mine ~20km NW

32Regional exploration program; see News Release dated Sept 16, 2019 & June 5, 2019

Bowser Regional ExplorationA6 Zone

Stratigraphy

17 holes drilled in 2019

Drilling focused on locating and delineating the rhyolite-mudstone contact, the same horizon mined at Eskay Creek

Encouraging alteration and pyrite stringers were discovered 2,890 g/t silver

0.89 g/t gold1.8% copperOver 1.5m @ 187m

33

Near Term Catalysts

Steady production at 3,800 tonnes per day

Reserve expansion Brucejack potential at depth Regional exploration Resource and reserve update and

updated life of mine plan (Q1 2020)

34PVG : TSX/NYSEpretivm.com

APPENDIX

35

Shareholding & Analyst Coverage

(1) As of Oct 30, 2019; ownership calculated on an undiluted basis.(2) As of Oct 30, 2019. Source: IPREO, Morningstar Inc. & SEDAR.

Top Shareholders(2) (% S/O)

BlackRock Asset Management 13.5Van Eck Associates 11.6Letko, Brosseau & Associates 7.8Rothschild Asset Management 3.2The Vanguard Group 2.5Orion Mine Finance 2.5BMO Asset Management 2.4DWS Investments 1.9Pretivm Management 1.7

Equity Structure(1)(shares in millions)

Issued & Outstanding 185.3Fully Diluted 195.9

Market Cap (Oct 30, 2019) US$2.27B

Analyst CoverageAlliance Global Partners Bhakti PavaniB. Riley FBR Adam GrafBMO Andrew KaipCIBC Anita SoniCanaccord Kevin MacKenzieCiti Alexander HackingCormark Securities Richard GrayGlobal Mining Research David RadclyffeH.C. Wainwright Heiko F. IhleNumis Jonathan GuyRBC Mark MihaljevicRoth Capital Partners Joseph ReagorScotiabank Ovais Habib

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Third Quarter 2019Select Operating Results

Source: See News Releases dated Oct 30, 2019 and refer to Company’s Financial Statements and MD&A.

Three months ended September 30, Nine months ended September 30,2019 2018 2019 2018

Ore mined (wet tonnes) t 325,228 255,227 970,659 772,072Mining rate tpd 3,535 2,774 3,556 2,828

Ore milled (dry tonnes) t 309,754 240,122 929,047 738,555Head grade g/t Au 9.1 12.4 8.9 12.0Recovery % 97.0 97.4 96.9 97.4Mill throughput tpd 3,367 2,610 3,403 2,705

Gold ounces produced oz 88,227 92,641 258,168 279,670Silver ounces produced oz 124,958 95,741 368,989 308,676

Gold ounces sold oz 90,713 94,458 258,100 278,417Silver ounces sold oz 108,250 87,110 309,666 289,710

The following abbreviations were used above: t (tonnes), tpd (tonnes per day), g/t (grams per tonne), Au (gold) and oz (ounces).

37

Third Quarter 2019Select Financial Results

Source: See News Releases dated Oct 30, 2019 and refer to Company’s Financial Statements and MD&A.

Three months ended September 30, Nine months ended September 30,In thousands of USD, except for per ounce data 2019 2018 2019 2018

Revenue $ 132,735 110,060 349,056 345,960Earnings from mine operations $ 46,585 37,608 105,526 114,512Net earnings for the period $ 6,259 10,734 20,868 33,773

Per share - basic $/share 0.03 0.06 0.11 0.19Per share - diluted $/share 0.03 0.06 0.11 0.19

Adjusted earnings(1) $ 34,024 26,327 67,564 79,172Per share - basic (1) $/share 0.18 0.14 0.37 0.43

Total cash and cash equivalents $ 16,583 190,318 16,583 190,318

Cash generated from operating activities 77,813 52,364 158,940 154,358

Total assets $ 1,579,105 1,771,543 1,579,105 1,771,543Long-term debt (2) $ 413,222 140,357 413,222 140,357

Production costs (milled) $/t 181 207 178 211Total cash costs (1) $/oz 640 568 675 627All-in sustaining costs (1) $/oz 878 709 896 758

Average realized price (1) $/oz 1,486 1,214 1,378 1,284Average realized cash margin (1) $/oz 784 601 639 612(1) Refer to the "Non-IFRS Financial Performance Measures" section for a reconciliation of these amounts.(2) Long-term debt does not include the current portion of the Company’s loan facility in the amount of $64,423 as at September 30, 2019. For the

comparable period in 2018, long-term debt does not include the current portions of the Company’s then outstanding credit facility and stream obligation in the amount of $641,468.

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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]