corporate presentation june 2011
TRANSCRIPT
VALUE THROUGH GOLD June 2011
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Forward Looking InformationThis Presentation contains ‘‘forward-looking information’’ within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-looking information may include, but is not limited to, information with respect to the anticipated production and developments in our operations in future periods, our planned exploration and development activities, the adequacy of our financial resources, the estimation of mineral resources, realization of mineral resource estimates, costs and timing of development of the projects we currently intend to acquire (the “Projects”), costs and timing of future exploration, results of future exploration and drilling, 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’’ or ‘‘does not expect’’, ‘‘budget’’, ‘‘scheduled’’, ‘‘estimates’’, ‘‘forecasts’’, ‘‘anticipate’’ or ‘‘does not anticipate’’, ‘‘believe’’, ‘‘intend’’ and similar expressions or statements that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will’’ be taken, occur or be achieved, have been used to identify forward-looking information. Statements concerning mineral 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 (often, but not always, using words or phrases such as ‘‘expects’’, ‘‘anticipates’’, ‘‘plans’’, ‘‘projects’’, ‘‘estimates’’, ‘‘assumes’’, ‘‘intends’’, ‘‘strategy’’, ‘‘goals’’, ‘‘objectives’’, ‘‘potential’’ or variations thereof, or stating that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will’’ be taken, occur or be achieved, or the negative of any of these terms and similar expressions) 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. Many of these risks are listed and described in our final short-form prospectus dated April 4, 2011 (the “Prospectus”), which is available for review on SEDAR at www.sedar.com under our profile. Although we have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Forward-looking information involves statements about the future and is inherently uncertain, and our actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Prospectus under the heading ‘‘Risk Factors’’. Our forward-looking information is based on the beliefs, expectations and opinions of management on the date the statements are made, and 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.
National 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 “Technical Report and Updated Resource Estimate on the Snowfield Property” and “Technical Report and Updated Resource Estimate on the Brucejack Property” dated February 18, 2011, a preliminary economic assessment entitled ‘‘Technical Report and Preliminary Economic Assessment of the Snowfield Brucejack Project’’ dated October 28, 2010 (the “Preliminary Assessment”) and a preliminary economic assessment dated June 3, 2011 on the Brucejack Project. We have filed the Technical Reports and Preliminary Assessment under our profile at www.sedar.com. Technical and scientific information not contained within the Preliminary Assessment and Technical Reports for the Projects have been prepared under the supervision of Mr. Kenneth C. McNaughton, 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 NI43 101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.
U.S. Securities Law DisclaimerOur securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state of the United States and, subject to certain exceptions, may not be offered or sold within the United States. Investors resident in the United States will be required to acknowledge that the securities are "restricted securities" within the meaning of Rule 144, and that if in the future an investor decides to offer, resell, pledge or otherwise transfer any of the securities, it may do so only (a) to the Corporation; (b) outside the United States in accordance with Rule 904 of Regulation S under the Securities Act and in compliance with applicable Canadian and provincial laws and regulations; (c) within the United States in accordance with Rule 144, if available, and in compliance with any applicable state securities laws of the United States; or (d) in another transaction that does not require registration under the Securities Act or any applicable state securities laws of the United States.
Our securities have not been approved or disapproved by the United States Securities and Exchange Commission or by any state securities commission or regulatory authority, nor have any of the foregoing authorities passed on the accuracy or adequacy of any offering document provided in connection with the offering of these securities.
CurrencyUnless otherwise indicated, all dollar values herein are in Canadian $.
DISCLAIMER
TSX:PVG
Joint engineering study underway to examine economics of combining Snowfield and Seabridge’s KSM project in one operation
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Quickest path to production
Meaningful high grade ounces present
Economics potentially very favorable
Long-term gold call option
Rare asset of its size worldwide in favorable geography
PEA completed June 2011; possibly straight to feasibility study
Lower capital requirements; can be financed alone
Quicker development schedule
Snowfield Project Bulk-tonnage presents long-term value in
gold
Brucejack Project Potential to host a high-grade gold-silver
deposit
Why Pretivm?Adjacent projects in northern British Columbia are delivering value through gold
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GOLD: SUPPLY AND DEMAND
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2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20100
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Mine Production Demand
Tonnes
Source: GFMS Gold Survey
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GOLD: PHYSICAL BARS
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GOLD: IMPACT OF CHINA
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Peb
ble
KS
M
SF
/BJ
Don
lin C
reek
Det
our
Lak
e
Met
ates
Liv
engo
od
Mal
arti
c
Hyc
roft
Ph
oen
ix
0.0
20.0
40.0
60.0
80.0
100.0
120.0
66.9
45.4
25.9 37.9
20.5 17.2 15.7 17.4 8.0
40.4
14.5
9.0
4.4
5.1 2.6 4.0 0.2
4.5 3.6
8.2
12.6
Measured & Indicated Resources Inferred Resources
Gol
d R
esou
rces
(m
m o
z)
Sno
wfi
eld
Bru
ceja
ck
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LARGE-SCALE NORTH AMERICAN GOLD PROJECTS
(NDM)
(SEA)(PVG)
(NG/ABX)
(DGC)
(RMX)
(CKG) (ITH) (OSK)
(WRN)
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BRUCEJACK AND SNOWFIELD PROPERTIES
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BRUCEJACK AND SNOWFIELD
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BRUCEJACK HIGH-GRADE HISTORY
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1960-1980 1980-1985 1986-1989 1990
1992
1999-2000 2009-2010
2011
Exploration of known base and precious metals targets north and northwest of Brucejack Lake. (Granduc)
Extensive exploration resulting in identification of several zones. Drilling then focuses on southern areas of property including West Zone. (Esso)
Underground development of West Zone (5,276 meters) completed in 1989. (Newhawk JV)
Feasibility study completed for West Zone. From 1986 to 1990, $21 million spent developing West Zone and other small veins. Road construction permit granted in 1991. (Newhawk JV)
Mine Development Certificate granted. Further exploration in 1994; care and maintenance. (Newhawk JV)
Acquisition of Newhawk by Silver Standard Resources Inc. and 60% of project; remaining 40% in 2001. Care and maintenance.(Silver Standard)
Exploration resumes with drilling at Galena Hill, the newly-discovered Bridge Zone, Gossan Hill and SG zones. Holes at Galena Hill encounter visible gold. Follow-up drilling in 2010 encounters further visible gold. Brucejack Project acquired by Pretivm.(Silver Standard)
Preliminary Economic Assessment on Brucejack high-grade gold completed. Exploration permit and road permits granted. (Pretivm)
908 drill holes 120,000 meters of drilling 5.3 kilometers of underground
development Previously permitted for
production High-grade resource
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Brucejack Bulk-Tonnage Resource Summary - February 2011(1)
(Based on a cut-off of 0.30 grams of gold-equivalent/tonne)
GradeContained
Metal
Tonnes Au Ag Au Ag
(mt) (g/t) (g/t) (mm oz) (mm oz)
Measured 11.7 2.25 75.56 0.85 28.4
Indicated 285.3 0.80 9.57 7.34 87.8
Measured & Indicated 297.0 0.86 12.17 8.18 116.2
Inferred 542.5 0.72 8.67 12.56 151.2
Intrusion-related gold/silver vein systems
+50,000 meters of drilling planned for 2011
Resources increased 134% from 2010 to 2011
Mineralization remains open in ALL directions
(1) Metal price and recoveries assumptions are: Au US$1,025/oz. (71%); Ag US$16.60/oz. (70%)
BRUCEJACK PROJECT
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(1)@ 5.0 g/t cut-off within the 0.30 grams of au-equiv/tonne optimized pit shell.
BRUCEJACK – HIGH-GRADE
GradeContained
Metal
Tonnes Au Ag Au Ag
(mt) (g/t) (g/t) (mm oz) (mm oz)
Measured 1.95 7.95 241.25 0.498 15.10
Indicated 1.72 7.33 123.19 0.406 6.82Measured & Indicated 3.67 7.66 185.84 0.903 21.92
Inferred 4.71 12.54 49.24 1.898 7.45
Multi-kilo gold intercepts
5km existing underground development
High-grade PEA completed June 2011; update to commence after 2011 drilling
Brucejack 5.0g/t Grade & Tonnage Resource Summary - February 2011(1)(3)
(3) Metal price and recoveries assumptions are: Au US$1,025/oz. (71%); Ag US$16.60/oz. (70%)
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N S
West Zone
Galena Hill Zone
Viewing window depth: 1,200m
>0.35 g/t Au
Shore Zone
20
0 m 200 m
Gold Grade Legend
Existing 5 kmof undergroundworkings
OpenOpen Open
BRUCEJACK LONG SECTION
Valley of the KingsHigh-grade gold/silver
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Bridge Zone
73/74 zone
98 zone
Planned +800m hole
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VALLEY OF THE KINGS: CROSS-SECTION
SU-77
SU-12SU-106
SU-84
SU-29
SU-40
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HIGH-GRADE RESOURCE AREAS
Shore Zone
West Zone
West Zone Footwall
Valley of Kings
1000m
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N S
E
Low-Grade Envelope Gold Grade Legend 10x10m High-Grade Block
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High-grade gold-silver underground mine (2)
Average processing rate of 1,500 tonnes/day producing gold-silver doré;
Capital cost of US$281.7 million; operating costs of C$158.36/t milled(3 )
Total life of mine (16 years) production of 2.16 million ounces of gold and 14.72 million ounces of silver
JUNE 2011 BRUCEJACK HIGH-GRADE PEA(1)
Base Case
Spot Price Case
Gold Price (US$/oz) 1,100 1,536.30
Silver Price (US$/oz) 21.00 37.86
NPV @ 5% (US$ mm) 662 1,416
IRR (%) 27.1 48.3
Payback (yrs) 4.2 2.5
Exchange rate (US$:C$) 0.93 1.02
(1) Source: Technical Report and Preliminary Economic Assessment of the Brucejack Project, effective date June 3, 2011.(2) Underground mining for first 12 years followed by small-scale open pit mining.(3)Operating cost for underground operation. Open pit operating cost estimated at C$68.77/tonne milled.
Pre-Tax Economic Results2
Yrs 1 – 10
Life of Mine
Average Annual Production
Gold (oz) 173,200 135,000
Silver (oz) 1.1 million 918,000
Total Production
Gold (oz) 1.73 million 2.16 million
Silver (oz) 11.15 million14.72 million
Production Summary
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Located 65km northwest of Stewart, BC
Gold-enriched porphyry deposit with copper, silver, molybdenum and rhenium mineralization
Joint engineering study underway with Seabridge Gold Inc. examining economics of Snowfield+KSM
Snowfield Mineral Resource Summary – February 2011(1),(2)
(1) Metal price and recoveries assumptions:Au US$1,025/oz (71%); Ag US$16.60/oz (70%); Cu US$3.0/lb (70%); Mo US$19.00/lb (60%); Re US$145.00/oz. (60%)(2) Mineral resource estimate at 0.30g/t AuEq cut-off.
SNOWFIELD PROJECT
GradeContained Metal
Tonnes Au Ag Cu Mo Re Au Ag Cu
(mt) (g/t) (g/t) (%)(ppm
)(ppm
)(mm oz)
(mm oz)
(bil lbs)
Measured 189.8 0.82 1.690.09
% 97.4 0.57 4.98 10.3 0.38
Indicated 1,180.3 0.55 1.730.10
% 83.6 0.5020.9
3 65.4 2.60
Measured & Indicated
1,370.1 0.59 1.72 0.10%
85.5 0.51 25.92
75.8 2.98
Inferred 833.2 0.34 1.900.06% 69.5 0.43 9.03 50.9 1.10
Snowfield Open Pit(September 2010 PA)
Mitchell Zone(SEA)
Sulphurets Zone(SEA)
Iron Cap Zone(SEA)
Kerr Zone(SEA)
TSX:PVG
Open pit operation with 27-year mine life
Attractive strip ratios: Snowfield (0.57:1) Brucejack
(2.95:1)
Capital expenditures of US$3,465 million; operating costs of US$9.38/t milled1
Milling throughput of 120,000 t/day producing: Gold-silver doré Copper-gold-silver concentrate Molybdenum-rhenium concentrate
2010 SNOWFIELD/BRUCEJACK PA
Base Case3
Spot Price Case4
NPV @ 5% (US $mm) 2,302 5,951
IRR (%) 12.4 21.7
Payback (yrs) 5.3 3.5
Mine Life (yrs) 27 27
Gold Price (US$/oz) 878 1,235(1) Capital cost includes US$454.5 million contingency. Operating costs converted from C$ at an exchange rate of 1.00 :
0.92 (C$ : US$).(2) Results are presented on a pre-tax basis as disclosed in the Preliminary Assessment dated October 28, 2010.(3) Metal prices used: US$14.50/oz Ag, US$17.00/lb Mo, US$2.95/lb Cu and US$7,811/kg Re.(4) Metal prices used: US$19.03/oz Ag, US$15.88/lb Mo, US$3.26/lb Cu and US$5,311/kg Re (as at August 27, 2010). (5) Source: Technical Report and Preliminary Assessment of the Snowfield-Brucejack Project, effective date September 10,
2010.
Preliminary Assessment Results and Gold Price2Average Annual Production
Yrs 1 – 8
Life of Mine
Gold (000 oz) 960 700
Silver (000 oz) 7,855 4,162
Copper (000 lb) 39,531 44,582
Molybdenum (000 lb) 3,514 3,668
Rhenium (kg) 9,379 9,011
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VALUE CREATION - 2011
Preliminary Assessment on Brucejack high-grade gold mineralization Extensive drill program focused on high-grade resource Joint engineering study with Seabridge examining Snowfield + KSM
2Q 2011 3Q 2011 4Q 2011 1Q 2012
Drilling at Brucejack (High-Grade Focus)
Drilling Results
Brucejack High-Grade PEA
Update Brucejack High-Grade PEA
Update Brucejack Resource Estimates
Joint engineering study with Seabridge (Snowfield + KSM)
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RESOURCE COMPARISON: BRUCEJACK HIGH-GRADE
Brucejack gold resources based on a cut-off grade of 5.0 grams of gold-equivalent/tonne within the 0.30 grams of gold-equivalent/tonne optimized pit shell.
Source: Intierra Ltd.
1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 0.0
5.0
10.0
15.0
20.0
25.0
Measured & Indicated + Inferred Gold Resources (mm oz)
Measure
d &
Indic
ate
d +
Infe
rred G
old
Gra
de (
g/t
)
Brucejack
Efemcukuru
Kensington
Red Lake
Eleonore
Quimsacocha
El Penon
MusselwhiteCasa Berardi
Jerritt Canyon
Phoenix
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Shareholders by Geography
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CAPITAL STRUCTURE(1)
Shareholders by Type
As of April 8, 2011; ownership calculated on an undiluted basis.(1) Assumes the exercise of 5,750,000 share purchase warrants each exercisable to purchase one share of Pretivm owned by Silver Standard Resources Inc. at
$12.50 until April 8, 2012.
Public Float 66.5Silver Standard Shares 18.9
Total Issued and Outstanding Shares 85.5
Incentive Options 5.1 Total Fully Diluted Shares Outstanding 90.6
Approximate Net Working Capital C$46 million
(millions)
Institutions; 49.8%
Retail; 23.3%
Management; 4.8%
Silver Standard; 22.1%
Europe; 16.7%
USA; 30.4%
Canada; 39.4%
Asia; 13.5%
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MANAGEMENT TEAM & BOARD
Robert Quartermain, B.Sc, M.Sc, P.Geo, D.Sc President & Chief Executive Officer, Director
Peter de Visser, CAChief Financial Officer
Joseph Ovsenek, B.Sc, P.Eng, LLBVice President & Chief Development Officer,
DirectorRoss Mitchell, CADirectorFormer CFO, Silver Standard Resources Inc.
John SmithDirectorChief Executive Officer, Silver Standard Resources
Inc.
Noel Dunn Lead Director
Partner, Niantic Partners LLC
Ken McNaughton, M.A. Sc., P.Eng.Vice President & Chief Exploration Officer
Ken Konkin, P.GeoProject Manager, Snowfield & Brucejack
Projects
Tom Yip, CADirectorChief Financial Officer, Silver Standard Resources
Inc.
TSX:PVG
6 km of prospective ground for exploration
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WHY PRETIVM?
Large gold resource in North America
Very high-grade gold at Brucejack
50,000 - 60,000m of drilling planned for 2011
PEA on Brucejack high-grade completed June 2011
Joint study with SEA for Snowfield + KSM expected Q4
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SNOWFIELD
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SNOWFIELD
25
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BRUCEJACK
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BRUCEJACK
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Head office
Pretium Resources Inc.570 Granville St.
Suite 1600Vancouver, BC
Canada V6C 3P1
Contact
Phone: 604-558-1784Fax: 604-558-4784
Toll-free: [email protected]
www.pretivm.com
Common Shares
TSX:PVGIssued: 85.5 million
Fully diluted: 90.5 million52-week hi/low: $14.19/$5.75
Market capitalization (at June7, 2011)$820 million
TSX:PVG