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May 4 , 2021 PRETIVM News Release 21-10 Pretivm Records First Quarter 2021 Operating and Financial Results ; On - track for Annual Guidance , Continues to Deliver High Free Cash Flow Vancouver , British Columbia , May 4 , 2021 ; Pretium Resources Inc. ( TSX / NYSE : PVG ) ( " Pretivm " or the " Company " ) announces operating and financial results for the first quarter 2021 ( see “ Key Operating Metrics " and " Key Financial Metrics " tables below ) . All amounts are in US dollars unless otherwise noted . This release should be read in conjunction with the Company's Financial Statements and Management's Discussion and Analysis ( " MD & A " ) for the three months ended March 31 , 2021 and 2020 , available on the Company's website and on SEDAR and EDGAR . " The first quarter of 2021 proved to be very challenging , but operations continued throughout the COVID - 19 outbreak that occurred at Brucejack in February . This was only possible because of the tremendous dedication of our team , the support of our contractors and the contributions of our healthcare provider Iridia Medical , our First Nation community partners and BC Northern Health , " said Jacques Perron , President and Chief Executive Officer of Pretivm . “ Despite this challenge , we delivered yet another profitable quarter with $ 142.4 million in revenue and generated $ 51.0 million in free cash flow which allowed us to significantly reduce our debt with a discretionary payment of $ 38.0 million subsequent to the quarter end . We remain on track to achieve our annual guidance and the team is fully committed to executing on our plans for the remainder of 2021. " " Our resource expansion drill program is only in the initial stages and has already intercepted high- grade mineralization immediately adjacent to existing underground infrastructure . Follow - up drilling is currently underway targeting the potential expansion of the Valley of the Kings deposit to the north and at depth . We experienced some delays with the program as a result of the COVID - 19 outbreak in February , but we have adjusted our plans to increase the pace for the remainder of the year to achieve our objectives . Drilling results are expected to be released throughout the remainder of the year and we continue to be very excited by the geological potential at Brucejack . " First Quarter 2021 Highlights • • • Our primary commitment remains the health and safety of our employees , contractors and neighbouring communities in northwest British Columbia ( " BC " ) . We worked 692,213 hours with 1 lost - time injury during the first quarter 2021 . Operations maintained through the novel coronavirus ( " COVID - 19 " ) outbreak . Mining , milling and other development and exploration activities continued at reduced rates throughout the outbreak declared from February 10 to March 21 , 2021. Additional protocols and procedures have been implemented to protect the health and safety of our workforce and local communities , including site - wide testing and the launch of a vaccination program . Production was consistent with 85,795 ounces of gold produced in the first quarter 2021 , compared to 82,888 ounces in the first quarter 2020. The increase in production was due to higher mill head grade of 8.2 grams per tonne gold slightly offset by lower throughput . Increased revenues of $ 142.4 million from the sale of 81,707 ounces of gold . Revenue in the first quarter 2021 represents a 12.5 % increase over the first quarter 2020 driven primarily by a 12.4 % increase in the average realized price ( 1 ) of gold to $ 1,804 per ounce and higher gold sales . 1 Refer to the " Non - IFRS Financial Performance Measures " section at the end of this news release . -1-