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Brucejack (Au, Ag)

Operator: Pretium
Primary Commodity: Gold
Location: 65km north of Stewart BC. Canada
Reserves and Resources1:
  • P&P reserves of 8.1M oz Au, 5.9M oz Ag
  • M&I of 9.1M oz Au, 7.9M oz Ag and inferred of 3.1M oz Au, 4.0M oz Ag
Stream:
  • 4% Stream on Au and Ag
  • US$400/oz Au, US$4.00/oz Ag transfer payment
  • 50% offtake of Au and Ag representing an effective NSR of 0.9%
Caps / Buy-Down / Buy-Back Options:
  • Stream capped at 7.067M oz Au and 26.297M oz Ag
  • Full stream buyback option in 2018 and 2019 for US$119M and US$136M resp.
  • Stream buy-down option in 2018 and 2019 for US$75M
  • Offtake buy-down options (50% or 75% buyback) in 2018 and 2019
Production: Total mine: LOM avg. production of 404 koz Au/year


Near term high grade gold production in Canada

  • Fast-tracking to first production
  • Quality operator with strong balance sheet
  • We have assumed stream could be bought-back for US$119M in 2018
  • Additional upside if stream not repurchased or Pretium undergoes a change of control

 

Source: Company disclosure and Osisko management estimates.
(1) Inclusive of reserves