Slide 1: Q2 2016 Results
Q2 2016 Results August 4, 2016
Slide 2: Management Participants
Management Participants l TSX: IMG l NYSE: IAG l 2
Slide 3: Cautionary Statement
Cautionary Statement All information included in this presentation, including any information as to the Company’s future financial or operating performance, and other statements that express management’s expectations or estimates of future performance, other than statements of historical fact, const
Slide 4: A Strong Quarter
A Strong Quarter Q2’16 vs. Q2’15 125% 36% Net Operating Gold Cash Flow Margin l TSX: IMG l NYSE: IAG l 4
Slide 5: Highly Levered to the Gold Price
Highly Levered to the Gold Price $100/oz ~$80M Gold Price IMG Pre-Tax Cash Flow l TSX: IMG l NYSE: IAG l 5
Slide 6: Maximizing Margin Through Cost Management
Maximizing Margin Through Cost Management Lower cash costs will allow for maximum margin growth in a rising gold price environment. 1,800 1,600 1,400 1,200 ($US/oz) 1,000 800 600 400 200 0 Total Cash Costs Gold Margin Average Realized Gold Price l TSX: IMG l NYSE: IAG l 6
Slide 7: Focused on Organic Growth
Focused on Organic Growth Westwood Development Brownfield Exploration Ramp-up Projects Expansion Sadiola Sulphide Rosebel • Full production • Intend to move ahead • Deposits being • Declared resources at 180-200k oz by 2019 by year-end evaluated near main Boto, Siribaya and conditional upon concessi
Slide 8: Financial Review
Financial Review
Slide 9: Revenues from Continuing Operations
Revenues from Continuing Operations1 Revenue Q2 2015 Change Q2 2016 Impact ($millions) Gold Price2 ($/oz.) 1,194 6% 1,269 14 Gold Sales3 233 Owner-Operator 189 (3%) 183 (8) 227 (000s oz.) $millions Quarterly Change in Gold Sales3 by Site (000s oz) Q2 2015 Q2 2016 Change Essakane 86 92 6 Rosebel 77 7
Slide 10: Cost of Sales from Continuing Operations
Cost of Sales from Continuing Operations ($millions) Q2 2015 Q2 2016 Variance Main Factors: Operating Costs 153.3 136.0 (11%) 1. Rosebel • Lower fuel prices and consumption • Devaluation of SRD against USD combined with lower Depreciation 66.4 62.3 (6%) labour costs following workforce reductions 2.
Slide 11: Net Operating Cash Flow from Continuing Operations
Net Operating Cash Flow from Continuing Operations Net Cash from Operating Activities Net Cash from Operating Activities Before Changes in Working Capital $0.18/ share $0.16/ share 71.2 $0.12/ 64.9 $millions $millions share $0.08/ share 45.6 31.7 Q2 2015 Q2 2016 Q2 2015 Q2 2016 l TSX: IMG l NYSE: IA
Slide 12: Adjusted Net Earnings from Continuing Operations
Adjusted Net Earnings from Continuing Operations1 (In $ millions, except for per share amounts) Q2’15 Q2'16 Net loss from continuing operations attributable to equity holders (19.7) (12.2) Normalization costs at Westwood 5.4 4.6 Unrealized derivative gains (15.0) (2.7) Other (2.5) 1.1 Tax adjustment
Slide 13: Gold Margins
Gold Margins Due to: Q2’15 Q2’16 Higher gold price $1,194 vs. $1,269 6% 600 $30 Lower cash costs $817 vs. $756 7% 500 $250* $500 $377 Gold Margin ($US/oz) $513 400 300 $377 $27 200 $71 $143 100 0 Q2'15 Q2'16 l TSX: IMG l NYSE: IAG l 13
Slide 14: Cash and Liquidity
Cash and Liquidity1 $30 Cash, Cash Equivalents & Restricted Cash $625.5 $250* $500 Available Credit Facility $140.0 $529 $27 Total Liquidity $71 $143 $765.5 1 As at June 30, 2016 l TSX: IMG l NYSE: IAG l 14
Slide 15: Operational Review
Operational Review
Slide 16: Q2'16 Production & Costs Summary
Q2’16 Production & Costs Summary Attributable Production Total Cash Costs1 AISC1 (oz) ($/oz produced) ($/oz sold) Essakane 89,000 $679 $1,090 Rosebel 73,000 $765 $1,051 Westwood 16,000 $948 $1,157 Sadiola 18,000 $941 $973 Total 197,000* $756 $1,114 *Includes 1,000 oz from Yatela, which is in closure
Slide 17: Essakane – Burkina Faso (90%)
Essakane – Burkina Faso (90%) Q2 2015 Q2 2016 Attributable gold production 89,000 89,000 Head grade 1.23 1.24 All-in sustaining costs1 ($/oz) $1,022 $1,090 Total cash costs1 ($/oz) $802 $679 Q2 2016 Highlights Small increase in throughput and slightly higher grade offset by lower recoveries due to
Slide 18: Rosebel – Suriname (95%)
Rosebel – Suriname (95%) Q2 2015 Q2 2016 Attributable gold production 71,000 73,000 Head grade 0.80 0.78 All-in sustaining costs1 ($/oz) $1,104 $1,051 Total cash costs1 ($/oz) $864 $765 Q2 2016 Highlights Despite proportion of soft rock declining by 50% from Q2’15, mill Rosebel LOM – Production &
Slide 19: Westwood – Quebec (100%)
Westwood – Quebec (100%) Q2 2015 Q2 2016 Attributable gold production 23,000 16,000 Head grade 7.06 6.10 All-in sustaining costs1,2 ($/oz) $1,044 $1,157 Total cash costs1,2 ($/oz) $837 $948 Westwood LOM – Production & Costs Forecast Q2 2016 Highlights 250,000 $2,500 Production from planned mining
Slide 20: Westwood Development – Progress Update
Westwood Development – Progress Update Key Performance Indicators YTD Target YTD Actual Variance No lost time DART Rate* 3.30 0 -100% incidents Safety or injuries TRIR+ 8.8 8.4 -5% Underground lateral development 10,996 11,362 3% Development (m) Underground vertical development 1,978 1,545 -22% Tota
Slide 21: Sadiola – Mali (41%)
Sadiola- Mali (41%) Q2 2015 Q2 2016 Attributable gold production 17,000 18,000 Head grade 1.14 1.20 All-in sustaining costs1 ($/oz) $706 $973 Total cash costs1 ($/oz) $658 $941 Sadiola’s Historical Gold Production2 700,000 Q2 2016 Highlights Attributable production consistent QoQ due to higher gra
Slide 22: Sadiola Sulphide Expansion Project
Sadiola Sulphide Expansion Project Project Highlights Intend to move ahead by year-end conditional upon partner AngloGold Ashanti’s decision to proceed and renewal of construction and operating permits, power agreement and fiscal terms relating to the project Currently refining project economics
Slide 23: Côté Gold – Providing Further Optionality
Côté Gold – Providing Further Optionality Tonnes Grade Contained Ounces One of Canada’s largest undeveloped deposits (000) (g/t) (000 Au) Located in northeastern Ontario; 130km Measured & Indicated1 289,183 0.9 8,354 southwest of Timmins Inferred1 66,894 0.6 1,174 Extensive infill drilling and
Slide 24: Exploration Review
Exploration Review
Slide 25: Boto and Pitangui
Boto Location: Senegal Tonnes Grade Contained Ounces Ownership: 100% (000) (g/t) (000 Au) Highlights: • Advancing technical and environmental studies Measured & Indicated1 27,670 1.8 1,563 • Initial assay results from diamond drill program at Malikoundi deposit indicate extension of Inferred1 2,922
Slide 26: Diakha-Siribaya and Eastern Borosi
Diakha-Siribaya Location: Mali Tonnes Grade Contained Ounces (000) (g/t) (000 Au) Ownership: 50:50 JV with Merrex Gold Measured & Indicated1,2 2,102 1.9 129 Highlights: • Multiple zones of mineralization and deposit open Inferred1.2 19,816 1.7 1,092 in all directions • Currently focused on expanding
Slide 27: Monster Lake and Nelligan
Monster Lake Location: Quebec Ownership: Earn-in option with TomaGold Highlights: • High-grade 325-Megane Zone extends at depth • Testing targets north and south of the main 325-Megane Zone • Completed 8,100 metres of drilling Q2 YTD • Final drill results from 2016 winter program announced in June 2
Slide 28: Potential Production Pipeline
Potential Production Pipeline 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 2016 2017 2018 2019 2020 Essakane Rosebel Westwood Sadiola Oxide Sadiola Sulphide Potential l TSX: IMG l NYSE: IAG l 28
Slide 29: Appendices
Appendices
Slide 30: Mineral Reserves and Resources
Mineral Reserves and Resources Contained Gold (000s attributable oz.) 2015 Change 2014 As of December 31, 2015 Total proven and probable mineral reserves 7,690 (11%) 8,608 Total measured and indicated mineral resources 2,3 23,482 10% 21,412 Total inferred resources 6,733 (4%) 7,018 • Gold reserves h
Slide 31: 2016 Production and Cost Guidance
2016 Production and Cost Guidance1,3 2016 Guidance1 Essakane (000s oz.) 365 – 375 Rosebel (000s oz.) 285 – 295 Westwood (000s oz.) 50 – 60 Total owner-operated production (000s oz.) 700 -730 Joint ventures (000s oz.) 70 Total attributable production (000s oz.) 770 – 800 Total cash costs2,3 – owner-o
Slide 32: Technical Information and Qualified Person/Quality Control Notes
Technical Information and Qualified Person/Quality Control Notes The mineral resource estimates contained in this presentation have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The “Qualified Person” responsible for the super
Slide 33: TSX: IMG NYSE: IAG
Bob Tait Laura Young Shae Frosst VP, Investor Relations Director, Investor Relations Associate, Investor Relations T: 416-360-4743 T: 416-933-4952 T: 416-933-4738 TSX: IMG NYSE: IAG