Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”)
announces that, further to its news release dated April 4, 2019,
announcing an updated Mineral Reserve and Mineral Resource and Life
of Mine Plan for the Brucejack Mine which highlight the continued
robust economics of the low-cost, long-life operation, the Company
filed a National Instrument 43-101 Standards of Disclosure for
Mineral Projects (“NI 43-101”) technical report entitled “Technical
Report on the Brucejack Gold Mine, Northwest British Columbia”,
with an effective date of April 4, 2019 (the “Technical Report”).
The Technical Report is available under the Company’s profile on
SEDAR at www.sedar.com and on EDGAR at www.sec.gov, and on the
Company’s website at www.pretivm.com.
The Technical Report was prepared by Ivor W.O.
Jones, M.Sc., P.Geo., FAusIMM, CP(Geo) of Ivor Jones Pty Ltd., Mark
Horan, P.Eng. of Tetra Tech Canada Inc. (“Tetra Tech”), Jianhui
(John) Huang, Ph.D., P.Eng. of Tetra Tech, Hassan Ghaffari, P.Eng.
of Tetra Tech, Maritz Rykaart, Ph.D., P.Eng. of SRK Consulting
(Canada) Inc., Rolf Schmitt, M.Sc., P.Geo. of Environmental
Resources Management, Alison Shaw, Ph.D., P.Geo. of Lorax
Environmental Services Ltd., Hamish Weatherly, M.Sc., P.Geo. of BGC
Engineering Inc. (“BGC”), Trevor Crozier, M.Eng., P.Eng. of BGC,
Catherine Schmid, M.Sc., P.Eng. of BGC and Ed Carey, P.Eng. of BGC,
each of whom is a “Qualified Person” as defined by NI 43-101 and
independent of Pretivm.
There are no material differences in the Mineral
Reserves, the Mineral Resources or the results of the preliminary
economic assessment, as applicable, in the Technical Report and
those contained in the April 4, 2019 news release.
About Pretivm
Pretivm is a low-cost intermediate gold producer
with the high-grade gold underground Brucejack Mine in northern
British Columbia.
For further information contact:
Joseph OvsenekPresident & CEO |
|
Troy
ShultzManager, Investor Relations &Corporate
Communications |
Pretium Resources Inc.Suite 2300, Four Bentall Centre, 1055
Dunsmuir StreetPO Box 49334 Vancouver, BC V7X 1L4(604)
558-1784invest@pretivm.com(SEDAR filings: Pretium Resources
Inc.)
Forward-Looking Statements
This news release contains “forward-looking
information”, “forward looking statements”, “future oriented
financial information” and/or “financial outlooks” within the
meaning of applicable Canadian and United States securities
legislation (collectively herein referred to as “forward-looking
statements” or “forward-looking information”). The purpose of
disclosing future oriented financial information and financial
outlooks is to provide a general overview of management’s
expectations regarding the anticipated results of operations and
costs thereof and readers are cautioned that future oriented
financial information and financial outlook may not be appropriate
for other purposes. Wherever possible, words such as “plans”,
“expects”, “guidance”, “projects”, “assumes”, “budget”, “strategy”,
“scheduled”, “estimates”, “forecasts”, “anticipates”, “believes”,
“intends”, “modeled’, “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. 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 statements. Forward-looking information may
include, but is not limited to, information with respect to: the
estimation of Mineral Reserves and Resources, including the updates
thereto; realization of Mineral Reserve and Resource estimates; our
estimated life of mine and life of mine plan for the Brucejack
Mine; production and processing estimates; capital, sustaining and
operating cost estimates and timing thereof; estimated economic
results of the Brucejack Mine, including net cash flow and net
present value; the expected grade of gold and silver production;
predicted metallurgical recoveries for gold and silver; geological
and mineralization interpretations; production and processing
estimates; development of the Brucejack Mine; the Brucejack Mine
production rate and the ramp-up to 3,800 tonnes per day production
rate; capital modifications and upgrades, underground
development, and estimated expenditures and timelines in connection
therewith, including with respect to the ramp-up to 3,800 tonnes
per day production rate; our planned mining (including mining
methods), expansion, exploration and development activities,
including our infill and expansion drill programs, and the
results, costs and timing thereof; timelines and similar statements
relating to the economic viability of the Brucejack Mine, including
mine life, total tonnes mined and processed and mining operations;
production and cost guidance; our operational grade control
program, including plans with respect to our infill drill program
and our local grade control model; grade reconciliation, updated
geological interpretation and mining initiatives with respect to
the Brucejack Mine; our operational strategy; our future
operational and financial results, including estimated cash flows,
and the timing thereof; payment of our debt and other obligations,
including the source of funds and timing thereof; the future price
of gold and silver; our liquidity and the adequacy of our financial
resources; our intentions with respect to our capital resources;
results of future exploration and drilling; timing, receipt, and
anticipated effects of, and anticipated capital costs in connection
with approvals, consents and permits under applicable legislation;
litigation matters; environmental matters; our effective tax rate
and the recognition of our previously unrecognized income tax
attributes; and statements regarding USD cash flows, currency
fluctuations and the recurrence of foreign currency translation
adjustments. Statements concerning Mineral Resource estimates
may also be deemed to constitute forward-looking statements.
Forward-looking statements are subject to a variety of known and
unknown risks, uncertainties and other factors that could cause
actual events or results to materially differ from those expressed
or implied by the forward-looking statements, including, without
limitation, those related to: the accuracy of our Mineral Resource
and Reserve estimates (including with respect to size, grade and
recoverability) and the geological, operational and price
assumptions on which they are based; uncertainties relating to
inferred Mineral Resources being converted into Measured or
Indicated Mineral Resources; commodity price fluctuations,
including gold price volatility; general economic conditions; the
inherent risk in the mining industry; significant governmental
regulations; currency fluctuations, and such other risks as are
identified in Pretivm’s Annual Information Form dated March 28,
2019, Form 40-F dated March 28, 2019, Management’s Discussion and
Analysis for the years ended December 31, 2018 and 2017
(“MD&A”) and other applicable disclosure documents as filed in
Canada on SEDAR at www.sedar.com and in the United States through
EDGAR at the SEC’s website at www.sec.gov (collectively, the
“Pretivm Disclosure Documents”). Our forward-looking statements are
based on the assumptions, beliefs, expectations and opinions of
management on the date the statements are made, many of which may
be difficult to predict and beyond our control. In connection
with the forward-looking statements contained in this news release,
we have made certain assumptions about our business, including
about our exploration, development and production activities, and
the results, costs and timing thereof; timing and receipt of
approvals, consents and permits under applicable legislation; the
geopolitical, economic, permitting and legal climate that we
operate in; the price of gold and other commodities; exchange
rates; market competition; the adequacy of our financial resources,
and such other material assumptions as are identified in the other
Pretivm Disclosure Documents. We have also assumed that no
significant events will occur outside of our normal course of
business. Although we believe that the assumptions inherent in the
forward-looking statements are reasonable as of the date of this
news release, forward-looking statements are not guarantees of
future performance and, accordingly, undue reliance should not be
put on such statements due to the inherent uncertainty therein. We
do not assume any obligation to update forward-looking statements,
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 statements. Neither the TSX nor the NYSE has
approved or disapproved of the information contained herein.
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