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November 11 , 2021 PRETIVM Iı Pretivm Records Solid Third Quarter 2021 Vancouver , British Columbia , November 11 , 2021 ; Pretium Resources Inc. ( TSX / NYSE : PVG ) ( " Pretivm " or the " Company " ) announces operating and financial results for the third quarter 2021 ( see " Key Operating Metrics " and " Key Financial Metrics " tables below ) . News Release 21-20 All amounts are expressed in thousands of 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 nine months ended September 30 , 2021 and 2020 , available on the Company's website and on SEDAR and EDGAR . ● Third Quarter 2021 Highlights Our first priority is the health and safety of our employees , contractors and neighbouring communities in northwest British Columbia ( " BC " ) . As of September 19 , 2021 , direct Pretivm employees achieved one year of work with no lost - time injuries , which is equivalent to approximately 1.75 million hours . This is a significant achievement in our commitment to Health and Safety . Additionally , our employees and contractors worked over 780,000 hours with no lost time injuries during the third quarter of 2021 . Newcrest Mining Limited ( " Newcrest " ) is to acquire Pretivm for C $ 18.50 in cash or shares , subject to proration ( see news release dated November 8 , 2021 ) . The acquisition will require the approval of Pretivm shareholders and is subject to regulatory approvals . The acquisition is expected to be completed in the first quarter of 2022. Pretivm's Board of Directors have determined the acquisition is in the best interest of the Company and unanimously recommend that shareholders vote in favour of the acquisition . Production was 90,673 ounces of gold in the third quarter of 2021 , compared with 86,136 ounces in the third quarter of 2020. Higher production reflects the increased tonnes milled in the period and the reduction in gold remaining in - circuit from 7,718 ounces at June 30 , 2021 to 1,677 ounces at September 30 , 2021 , partially offset by lower head grade . Revenue of $ 146.8 million from the sale of 81,626 ounces of gold . Revenue in the third quarter 2021 represents a 5.2 % decrease from the third quarter of 2020 driven primarily by a 7.0 % decrease in the average realized price ( ¹ ) of gold to $ 1,799 per ounce , partially offset by a 0.7 % increase in gold ounces sold . Gold sold in the quarter was lower than production due to mining of higher grade stopes at the end of the quarter and timing of gold sales . Another profitable quarter , with $ 0.12 in net earnings per share and $ 0.13 in adjusted earnings per share ( ¹ , 2 ) . Net earnings were $ 22.0 million and adjusted earnings ( ¹ , ² ) were $ 24.3 million for the quarter , compared to net earnings of $ 31.2 million and adjusted earnings ( ¹ , ² ) of $ 32.0 million in the third quarter of 2020. The decrease in net earnings was primarily due to lower realized gold prices and higher production costs as well as higher relative deferred income tax expenses , partially offset by decreases in corporate and administrative , exploration and evaluation and interest and finance expenses . EBITDA ( ¹ ) of $ 67.0 million and free cash flow ( ¹ ) of $ 23.6 million . EBITDA ( ¹ ) and free cash flow ( ¹ ) in the third quarter 2021 decreased compared to the third quarter 2020 ( $ 77.9 million and $ 66.8 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