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VALUE  THROUGH  GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference

VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Page 1: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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VALUE  THROUGH  GOLD

Ramping Up the High-Grade Brucejack Mine

February 25-28, 2018

BMO Capital Markets – Global Metals & Mining Conference

Page 2: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Cautionary StatementForward-Looking InformationThis 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 themineralization 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 suchstatements, 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. CurrencyUnless otherwise indicated, all dollar values herein are in US $.

Page 3: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Notes to InvestorsNational Instrument 43-101Technical and scientific information contained herein relating to the Projects is derived from National Instrument 43-101 (“NI 43-101”) 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 MeasuresThe 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.

Page 4: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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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

Brucejack MineAn Emerging High-Grade Gold Producer

Page 5: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Brucejack MineAn Emerging High-Grade Gold Producer

Page 6: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Strategic Focus

Primary:

Optimizing Operations

Operational Grade Control

Delivering on Guidance

Page 7: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Strategic Focus

Secondary:

Balance Sheet Strategy

Organic Growth Opportunities

Page 8: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Optimizing Operations

Source: See News Releases dated Nov 10, 2017 and Jan 23, 2018

Q3 2017 Q4 2017 TOTAL

Gold Produced 82,203 oz 70,281 oz 152,484 ozMill Feed Grade 10.52 g/t 8.24 g/t 9.36 g/tGold Recovery Rate 96.49 % 95.8 % 96.19 %Ore Milled 261,262 t 271,501 t 532,763 tAverage Milled Per Day 2,840 t/d 2,951 t/d 2,895 t/d

Brucejack Ramp-Up Gold Production First 6 Months

Page 9: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Optimizing Operations

Improve Long-hole Drill Availability Third long-hole drill on site

Increase Stope Inventory Underground development rate increased to 700 meters

per month

Target 10-12 stopes for mining by mid-2018

Page 10: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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+1200

+1320

+1410

Meters ASL

20 g/t

10 g/t

5 g/t

15 g/t

Grade

N

Meters

Valley of Kings Mineral Reserve Estimate (LOM)1

Category Tonnes(mil)

Gold(g/t)

Silver(g/t)

ContainedGold(mil oz)

Silver(mil oz)

Proven 3.3 14.5 12.9 1.6 1.4

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

Valley of Kings Block Model

Optimizing OperationsIncreasing Accessibility

Page 11: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Operational Grade Control

Grade Control System Sample splitting station commissioned

Development round and long-hole stope ring sampling program underway

Development round and ring assays successfully feeding back into the short-term mine planning cycle

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

Page 12: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Delivering on Guidance

(1) See News Release dated Jan 23, 2018. (2) All-in Sustaining Cost (AISC) is non-IFRS performance measure. For reconciliation to IFRS measures refer to the Company’s MD&A.

Gold Production 150,000 - 200,000 ozAll-in Sustaining Cost2 $900 - $700 /oz sold

H1 2018 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

Page 13: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Delivering on GuidanceRobust Margin

400

500

600

700

800

900

1,000

125,000 175,000 225,000

AIS

C 2 (U

S$)

2018 Gold Production (oz)

Low-range

High-range

9.8 g/t GoldHead Grade

13 g/t GoldHead 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. For reconciliation to IFRS measures refer to the Company’s MD&A.

Page 14: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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2018 Potential Impacts to AISC 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

Delivering on Guidance

Page 15: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Balance Sheet Strategy

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

Invest in low-cost, high-return production rate increase

(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

Page 16: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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

(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)

3,800 t/d

Balance Sheet Strategy

Page 17: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Balance Sheet StrategyRobust Margin with Increased Production Rate

500

550

600

650

700

750

800

400,000 450,000 500,000 550,000 600,000

AIS

C2

(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. For reconciliation to IFRS measures refer to the Company’s MD&A. AISC Guidance excludes capex required for production increase to 3,800 t/d.

Page 18: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Organic Growth Opportunities

Brucejack Reserve Expansion - 2019

Exploration Drill Program for Source Porphyry -underway

Bowser Regional Exploration Potential –summer 2018

Page 19: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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N

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

SU-658

SU-661

SU-654

SU-668

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

1.18m @ 10.75 g/t Au

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

1.5m @ 16.9 g/t Au

0.5m @ 137 g/t Au

Mineral Resource1

Mineral Reserve2

Exploration PotentialDrill Intercepts3

Organic Growth OpportunitiesReserve Expansion

Page 20: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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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

Organic Growth Opportunities Exploration Drilling for Source Porphyry

Page 21: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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5km

Surface Sampling20172016201520142011/13 Pre 2011

NN

Boulder Zone

Koopa Zone

American Creek Zone

5 km

Brucejack

Organic Growth Opportunities Bowser Regional Exploration

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

Page 22: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Positioning Relative to PeersEmerging Low-cost Producer in 2019

Alamos

B2 Gold

DetourIAM Gold

Kirkland

Oceana SemafoAlacer

Argonaut Asanko

Guyana

Leagold

TMAC

Randgold

PretiumProjected 2019(3)

Agnico

400

500

600

700

800

900

1000

1100

1200

0 200 400 600 800 1000 1200 1400 1600

AIS

C2

(US$

)

Gold Production (000’s oz)

)

(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.

Pretium Guidance Range at 3,800 t/d vs Peers Production(1)

Page 23: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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2018 Catalysts for Success

Grade Control Program

Delivering on Guidance

3,800 t/d Production Rate Increase

Exploration Drilling for Source Porphyry

Grass Roots Exploration

Page 24: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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APPENDIX

VOK Portal

Mill

Camp

Contact WaterPond

West ZonePortal

Page 25: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Shareholding & Analyst Coverage

(1) As of February 22, 2018; ownership calculated on an undiluted basis.(2) As of February 22, 2018. Source: IPREO, Morningstar Inc. & SEDAR.

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

Black Rock Asset Management 15.8Van Eck Associates 9.9M&G Investment Management 3.8SSR Mining 3.0BMO Asset Management 2.7Orion Mine Finance 2.5Sun Valley Gold 2.2Anchor Bolt Capital 1.9Pretivm Management 1.9The Vangaurd Group 1.8

Equity Structure(1)(shares in millions)

Issued & Outstanding 182.4Fully Diluted 194.2

Market Cap (Feb 22, 2018) US$1.18 B

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

Page 26: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Third Quarter 2017

Source: See News Release dated Nov 10, 2017. Currency US$

3rd Quarter 2017

Gold Sold 55,413 ozRevenue $70.9 MEarnings from Mine Operations $26.0 MWorking Capital $7.2 MAdjusted Earnings $8.3 M

Per Share Adjusted Earnings $0.05/shareTotal Cash Costs $656/oz soldAll-in Sustaining Cost $788/oz sold

Financial Summary

Page 27: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Local Employment

Brucejack Mine Workforce

As of Dec 2017

83% British Columbia

51% NW British Columbia

35% First Nations

Page 28: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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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

Page 29: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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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

VentilationRaise

Truck Dump to Crusher

Page 30: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Debt Structure

(1) See News Release dated Sept 15, 2015(2) Capped at 7.067 M oz and 26.279 M oz refined gold and silver, less production to Dec 31, 2019. Based on refined gold and silver that were

estimated to be available for sale in the June 2014 Feasibility Study for the Brucejack Project (3) See News Release dated Feb 14, 2017

Credit Facility(1)

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

principal and accrued interest

Offtake Agreement(1)

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

Capped at 7.067M oz gold

Callable 8% Stream(1,2)

US$150M advance payment 100% buyout option

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

Capped at 7.067M oz gold(2)

Convertible Notes(3)

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

Page 31: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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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

Page 32: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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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

Page 33: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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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 $1,400Silver Price (US$/oz) $10 $14 $18NPV(2) (5% US$M) Pre-Tax $1,050 $2,340 $3,620

After Tax $690 $1,530 $2,360Internal 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 $4,170Payback 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

Page 34: VALUE THROUGH GOLD · VALUE THROUGH GOLD Ramping Up the High-Grade Brucejack Mine February 25-28, 2018 BMO Capital Markets – Global Metals & Mining Conference. 2 Cautionary Statement

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Brucejack Mine

PVG : TSX/NYSEpretivm.com

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

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

[email protected]