News: NCM UPDATE 1-Australia's Newcrest to buy Canadian miner Pretium in $2.8 bln deal

(Adds deal details)

Nov 9 (Reuters) - Australia's biggest listed gold producer Newcrest Mining (NCM) said on Tuesday it would buy the rest of Pretium Resources Inc PVG.TO in a deal that values the Canadian miner at $2.8 billion.

Newcrest has offered Pretium's shareholders the right to receive C$18.50 in cash or 0.8084 Newcrest stock per share held. The cash offer represents a 22.5% premium to Pretium's last close, the company said.

Shares of Newcrest, which already owns 4.8% of Pretium, were down 4.7% as of 2312 GMT.

Pretium's operations include the Brucejack gold mine in British Columbia, Canada, which is close to Newcrest's majority-owned and operated Red Chris mine.