EXHIBIT 99.1
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June 22, 2020
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News Release 20-11
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Pretivm Announces Leadership Change
VANCOUVER, British Columbia, June 22, 2020; Pretium Resources
Inc. (TSX/NYSE: PVG) (“Pretivm” or the
“Company”) announces that it has accepted the
resignation of David Prins, Vice President, Operations, who will be
departing the Company on August 31, 2020 or such other date as may
be mutually agreed. The Company is initiating a search for a new
leader for its operations and Mr. Prins will continue to assist in
his current role until his departure in order to ensure an orderly
transition.
Mr. Prins was appointed Vice President, Operations in 2018. He
joined Pretivm in 2016 as Project Director responsible for
completing the construction of the Brucejack Mine and transmission
line.
“Dave’s leadership has been instrumental in the success
of the Brucejack Mine, and the Company in general,” said
Jacques Perron, President and Chief Executive Officer of Pretivm.
“We thank Dave for leading the teams that successfully and
safely built and ramped up Brucejack’s operations. We wish
him all the success in his future endeavours.”
About Pretivm
Pretivm is an intermediate gold producer with the high-grade gold
underground Brucejack Mine.
For further information contact:
Troy Shultz
Manager,
Investor Relations &
Corporate Communications
Pretium Resources Inc.
Suite 2300, Four Bentall Centre, 1055 Dunsmuir Street
PO
Box 49334 Vancouver, BC V7X 1L4
(604)
558-1784
invest@pretivm.com
(SEDAR filings: Pretium Resources Inc.)
Regarding Forward-Looking Statements
This news release contains “forward-looking
information” and “forward looking statements”
within the meaning of applicable Canadian and United States
securities legislation (collectively herein referred to as
“forward-looking information”), including the
“safe harbour” provisions of Canadian provincial
securities legislation and the U.S. Private Securities Litigation
Reform Act of 1995, Section 21E of the U.S. Securities Exchange Act
of 1934, as amended, and Section 27A of the U.S. Securities Act of
1933, as amended. 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
information. Forward-looking information may include, but is not
limited to: the Company’s leadership transition plans;
production and financial guidance, and our expectations around
achieving such guidance; our future operational and financial
results, including estimated cash flows (including free cash flow
forecasts) and the timing thereof; expectations around grade of
gold and silver production; Brucejack Mine production rate and gold recovery
rate; capital modifications and upgrades, underground development
and anticipated benefits thereof, and estimated expenditures and
timelines in connection therewith, including with respect to
maintaining a steady state production rate of 3,800 tonnes per day;
payment of debt, operating and other obligations and commitments
including timing and source of funds; our mining (including mining
methods), expansion, exploration and development activities,
including longitudinal longhole stoping initiatives, the reverse
circulation drill program, our infill, expansion and underground
exploration drill programs and our grassroots exploration program,
and the results, costs and timing thereof; 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 management, operational plans
and strategy; capital, sustaining and operating cost estimates and
timing thereof; the future price of gold and silver; our liquidity
and the adequacy of our financial resources (including capital
resources); our intentions with respect to our capital resources;
capital allocation plans; our financing activities, including plans
for the use of proceeds thereof; the estimation of mineral reserves
and mineral resources including any updates thereto; parameters and
assumptions used to estimate mineral reserves and mineral
resources; realization of mineral reserve and mineral resource
estimates; our estimated life of mine and life of mine plan for the
Brucejack Mine; production and processing estimates and estimated
rates; estimated economic results of the Brucejack Mine, including
net cash flow and net present value; predicted metallurgical
recoveries for gold and silver; geological and mineralization
interpretations; development of our Brucejack Mine and timing
thereof; results, analyses and interpretations of exploration and
drilling programs; timelines and similar statements relating to the
economic viability of the Brucejack Mine, including mine life,
total tonnes mined and processed and mining operations; updates to
our mineral reserves and mineral resources and life of mine plan
for the Brucejack Mine, and the anticipated effects and timing
thereof; timing, receipt, and anticipated effects of, and
anticipated capital costs in connection with, approvals, consents
and permits under applicable legislation; our executive
compensation policy, approach and practice; our relationship with
community stakeholders; litigation matters; environmental matters;
payment of taxes, our effective tax rate and the recognition of our
previously unrecognized income tax attributes; new accounting
standards applicable to the Company, including methods of adoption
and the effects of adoption of such standards; statements regarding
U.S. dollar cash flows, currency fluctuations and the recurrence of
foreign currency translation adjustments; management and board of
directors succession plans; the impact of financial instruments on
our earnings; and the effects of the novel coronavirus (2019-nCoV)
outbreak as a global pandemic, including anticipated operational
and financial impacts, and our response and contingency plans.
Forward-looking information is subject to a variety of known and
unknown risks, uncertainties and other factors that could cause
actual results, actions, events, conditions, performance or
achievements to materially differ from those expressed or implied
by the forward-looking information including, without limitation,
the ability of the Company to successfully close a financing
pursuant to the base shelf prospectus or shelf registration
statement, when final or effective, and those risks identified in
our final short form base shelf prospectus and the documents
incorporated, or deemed to be incorporated, by reference. Our
forward-looking information is based on the assumptions, beliefs,
expectations and opinions of management on the date the statements
are made, including, without limitation, those set out in our
Annual Information Form and Form 40-F, each dated February 21,
2020, for the year ended December 31, 2019, our MD&A and our
other disclosure documents as filed in Canada on SEDAR at
www.sedar.com and in the United States through EDGAR at the
Security and Exchange Commission’s (the “SEC”)
website at www.sec.gov. Forward-looking information is not a
guarantee of future performance. There can be no assurance that
forward-looking 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. For the reasons set forth above, readers should not place
undue reliance on forward-looking information. 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,
readers should not place undue reliance on forward-looking
information. Neither the TSX nor the NYSE has approved or
disapproved of the information contained herein.