Slide 1: Fourth Quarter and Full Year 2016 Operating Results
Fourth Quarter and Full Year 2016 Operating Results February 23, 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: 2016 - Strong Results
2016 - Strong Results Organic Growth is our Priority Operating cash flow up 721% to $314M Long-term debt reduced by $146M $763M in cash, cash equivalents and restricted cash Outstanding operating performance with production exceeding guidance and lower costs On-going initiatives implemente
Slide 5: Stage Set for Growth
Stage Set for Growth Targeting 25% growth in production by 2020 through organic growth opportunities Future Growth Options Cote Gold and other Essakane Exploration advanced exploration projects in the pipeline Prospective targets Westwood Ramp-up around mine site and at Falagountou Targeting 180-200
Slide 6: Financial Review
Financial Review
Slide 7: 2016 Annual Results
2016 Annual Results (In $ millions, except for per share and $/oz amounts) 2015 2016 Variance Revenue 917 987 70 Average realized gold price ($/oz) 1,158 1,244 86 Net earnings (loss) 1 (797) 53 850 Adjusted net earnings (loss) 1 (170) 4 174 Adjusted EPS ($/share) 1 (0.44) 0.01 0.45 Net operating cas
Slide 8: Gross Profit
Gross Profit $157M increase in gross profit year-over-year $millions $millions 102.2 19.1 2015 2016 Q4 2015 Q4 2016 -45.3 -54.6 l TSX: IMG l NYSE: IAG l 8
Slide 9: Revenues
Revenues1 Revenue 2015 Change 2016 Impact ($millions) 987.1 917.0 Gold Price2 ($/oz.) 1,158 7% 1,244 68 Gold Sales3 Owner-Operator 790 0% 790 0 (000s oz.) $millions Annual Change in Gold Sales3 by Site (000s oz) 2015 2016 Change Essakane 424 424 0 Rosebel 301 298 (3) Westwood 65 68 3 Total 790 790 0
Slide 10: Cost of Sales
Cost of Sales ($millions) 2015 2016 Variance Main Factors: Operating Costs 672.0 580.2 (91.8) • Higher capitalized stripping at Essakane • Lower fuel prices • Lower inventory write- downs Depreciation 260.9 261.3 0.4 • Stronger USD relative to SRD, Euro & CAD • Workforce reductions at Rosebel Royalt
Slide 11: Net Operating Cash Flow
Net Operating Cash Flow Net Cash from Operating Activities Net Cash from Operating Activities Before Changes in Working Capital1 314.4 $millions $millions 290.1 79.5 38.3 2015 2016 2015 2016 1 This is a non-GAAP measure. Refer to the non-GAAP performance measures section of the MD&A for more informa
Slide 12: Adjusted Net Earnings
Adjusted Net Earnings1 (In $ millions, except for per share amounts) Q4’16 2016 Net earnings from continuing operations attributable to equity holders (5.3) 52.6 Gain on sale of gold bullion - (72.9) Normalization of costs at Westwood 9.4 26.4 Foreign exchange loss 6.2 5.2 Realized and unrealized de
Slide 13: Gold Margins
Gold Margins 1,2 Due to: 2015 2016 Higher gold price $1,158 vs. $1,244 7% 600 $30 Lower cash costs $835 vs. $739 11% 500 $250* $500 Gold Margin ($US/oz) 400 300 $27$505 200 $71 $143 $323 100 0 2015 2016 1 Consists of Essakane, Rosebel, Westwood and the JVs on an attributable basis. 2 This is a n
Slide 14: Total Liquidity
Liquidity * $30 Cash & Cash Equivalents $652 $250* $500 Available Credit Facility 1 $247 $529 $27 Total Liquidity $71 $143 $899 *Excludes restricted cash of $111M (as at December 31, 2016). 1 As at February 7, 2017. l TSX: IMG l NYSE: IAG l 14
Slide 15: Operations Review
Operations Review
Slide 16: Mineral Reserves and Resources
Mineral Reserves and Resources1 Contained Gold (000s attributable oz.) 2016 Change 2015 As of December 31st Total proven and probable mineral reserves1 7,798 1.4% 7,690 Total measured and indicated mineral resources 2,3 23,331 (0.6%) 23,482 Total inferred resources 6,124 (9.0%) 6,733 • Mineral reser
Slide 17: 2016 Production & Costs Summary
2016 Production & Costs Summary Attributable Cost of Total AISC3 Production Sales1 Cash Costs3 (oz) ($/oz sold) ($/oz produced) ($/oz sold) Essakane 377,000 $716 $668 $977 Rosebel 296,000 $768 $729 $988 Westwood2 65,000 $1,324 $894 $1,182 Sadiola 70,000 - $970 $1,042 Total 813,000* $794 $739 $1,057
Slide 18: Essakane – Burkina Faso (90%)
Essakane – Burkina Faso (90%) 2015 2016 Attributable gold production 383,000 377,000 Head grade 1.24 1.22 Cost of sales ($/oz) $836 $716 All-in sustaining costs1 ($/oz) $1,010 $977 Total cash costs1 ($/oz) $808 $668 2016 Highlights Lower attributable production YoY due to lower recoveries resultin
Slide 19: Rosebel – Suriname (95%)
Rosebel – Suriname (95%) 2015 2016 Attributable gold production 287,000 296,000 Head grade 0.80 0.82 Cost of sales ($/oz) $860 $768 All-in sustaining costs1 ($/oz) $1,165 $988 Total cash costs1 ($/oz) $849 $729 2016 Highlights Higher production mainly due to increased grades and throughput CLA s
Slide 20: Westwood – Quebec (100%)
Westwood – Quebec (100%) 2015 2016 Attributable gold production 60,000 65,000 Head grade 5.26 6.14 Cost of sales ($/oz)1 $1,467 $1,324 All-in sustaining costs2,3 ($/oz) $1,292 $1,182 Total cash costs2,3 ($/oz) $1,001 $894 Westwood LOM – Production & Costs Forecast4 250,000 $2,500 2016 Highlights P
Slide 21: Westwood Development – 2016 Progress Update
Westwood Development – 2016 Progress Update Key Performance Indicators FY Target FY Actual Variance No lost time DART Rate* 3.3 0.6 -82% incidents Safety or injuries TRIR+ 8.8 7.9 -10% Underground lateral development 21,893 22,754 4% Development (m) Underground vertical development 4,073 2,956 -27%
Slide 22: Sadiola - Mali (41%)
Sadiola - Mali (41%) 2015 2016 Attributable gold production 69,000 70,000 Head grade 1.10 1.15 All-in sustaining costs1 ($/oz) $839 $1,042 Total cash costs1 ($/oz) $769 $970 Sadiola’s Historical Gold Production2 2016 Highlights 700,000 Attributable production consistent YoY due to higher grades, o
Slide 23: 2017 Production and Cost Guidance
2017 Production and Cost Guidance 2017 Guidance4 Essakane (000s oz.) 370-380 Rosebel (000s oz.) 295-305 Westwood (000s oz.) 115-125 Total owner-operated production (000s oz.) 780-810 Joint ventures (000s oz.) 65-75 Total attributable production (000s oz.) 845-885 Cost of sales1 ($/oz) $765-815 Total
Slide 24: 2017 Capex Outlook
2017 Capex Outlook $millions Sustaining Non-Sustaining Total3 Essakane $85 $5 $90 Rosebel $65 $5 $70 Westwood $20 $45 $65 Owner-operator $170 $55 $225 Corporate and Development Projects - $10 $10 Total owner-operator $170 $65 $235 Joint Ventures1 $5 $10 $15 Total2 (±5%) $175 $75 $250 1 Attributable
Slide 25: Exploration Review
Exploration Review
Slide 26: Saramacca - Suriname
Saramacca - Suriname The Option Agreement: Property will be part of current UJV agreement with the Government of Suriname • Projects moving forward under UJV with Government of Suriname are subject to the >$0.11/kWh power rate agreed upon Initial cash payment of USD$200,000 on signing • Provides due
Slide 27: Boto and Pitangui
Boto Location: Senegal Tonnes Grade Contained Ounces Ownership: 100% (000) (g/t) (000 Au) Highlights: • 2016 diamond drill program completed Measured & Indicated1 27,670 1.8 1,563 • Results at Malikoundi deposit indicated wider intervals of mineralization in the footwall and Inferred1 2,922 1.3 125
Slide 28: Diakha-Siribaya and Eastern Borosi
Diakha-Siribaya Location: Mali Tonnes Grade Contained Ounces Ownership: 50:50 JV with Merrex Gold (definitive agreement has been signed with Merrex to acquire, in an all-share transaction, all of the issued and (000) (g/t) (000 Au) outstanding shares of Merrex not already owned by IAMGOLD) Measured
Slide 29: Monster Lake and Nelligan
Monster Lake Location: Quebec Ownership: 50:50 JV with TomaGold, with option to earn up to a 75% interest Highlights: • Initial resource estimate expected in 2017 • Focused on the high-grade 325-Megane Zone and newly intersected second zone located 200 – 400 metres north of 325-Megane • Final drill
Slide 30: Appendices
Appendices
Slide 31: 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 32: 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