Page 1

PRETIVM Ilı August 12 , 2021 News Release 21-15 Pretivm Records Second Quarter 2021 Operating and Financial Results ; Remains On - track for Annual Guidance ; Cash Position Now Exceeds Debt Vancouver , British Columbia , August 12 , 2021 ; Pretium Resources Inc. ( TSX / NYSE : PVG ) ( " Pretivm " or the " Company " ) announces operating and financial results for the second 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 and six months ended June 30 , 2021 and 2020 , available on the Company's website and on SEDAR and EDGAR . " The second quarter of 2021 started under some challenging circumstances , but thanks to the hard work of our team we made consistent improvements through the quarter and we remain on track to achieve our annual guidance , ” said Jacques Perron , President and Chief Executive Officer of Pretivm . " We accomplished another profitable quarter with $ 152.3 million in revenue , generated $ 50.7 million in free cash flow and we have reached a key turning point where our cash position now exceeds our debt . " " Our resource expansion drill programs continue to successfully intercept 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 . Drilling results are expected to be released throughout the remainder of the year and will contribute to the updated Mineral Resource estimate we plan to release in the first half of next year . " Second Quarter 2021 Highlights ● ● Our top priority continues to be the health and safety of our employees , contractors and neighbouring communities in northwest British Columbia ( " BC " ) . We worked 707,834 hours with one lost - time injury during the second quarter 2021. There were no outbreaks of COVID - 19 at the Brucejack Mine in the second quarter . Production was 83,083 ounces of gold in the second quarter of 2021 , compared with 90,419 ounces in the second quarter of 2020. Lower production in the second quarter 2021 reflects the residual effects of the COVID - 19 outbreak in the first quarter , as well as performance issues with several stopes during and following the outbreak . Stope performance improved over the course of the quarter and at the end of the second quarter there were 7,718 ounces of gold remaining in circuit compared to 998 ounces in the second quarter 2020 . Revenues of $ 152.3 million from the sale of 84,618 ounces of gold . Revenue in the second quarter 2021 represents an 8.6 % decrease from the second quarter of 2020 driven primarily by a 11.9 % reduction in gold ounces sold , partially offset by a 3.8 % increase in the average realized price ( ¹ ) of gold to $ 1,804 per ounce . Another profitable quarter , with $ 0.16 in net earnings per share and $ 0.15 in adjusted earnings per share ( ¹ , 2 ) . Net earnings were $ 30.7 million and adjusted earnings ( ¹ , 2 ) were $ 28.5 million for the quarter , compared to the second quarter of 2020 when net earnings were $ 36.1 million and adjusted earnings ( ¹ , 2 ) were $ 32.9 million . The decrease was primarily due to lower ounces of gold sold , partially offset by decreases in deferred income tax expenses and cost of sales . ¹ Refer to the " Non - IFRS Financial Performance Measures " section for a reconciliation of these amounts . 2 Refer to the revised definition of adjusted earnings in the " Non - IFRS Financial Performance Measures " section . - 1