Slide 1: Denver Gold Forum 2016
Denver Gold Forum 2016 September 18-21, 2016
Slide 2: 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 3: Geographically Diversified Asset Base
Geographically Diversified Asset Base* Westwood1 NORTH AMERICA Mine life: ~20 yrs M&I Resources: 739 oz Westwood Inferred Resources: 2,747 oz Côté Gold Sadiola1 Mine life: ~2+ yrs Monster Lake M&I Resources: 2,864 oz Inferred Resources: 374 oz Nelligan WEST AFRICA Essakane1 Essakane Mine life: ~8 yr
Slide 4: Focused on Organic Growth
Focused on Organic Growth Westwood Brownfield Development Exploration Ramp-up Expansion Projects Rosebel Sadiola Sulphide • Full production • Focused on acquiring • Intend to move ahead • Declared resources at 180-200k oz by 2019 soft rock resources by year-end Boto, Siribaya and within vicinity of
Slide 5: 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 Targeting AISC of $900-$950/oz by 2020 l TSX: IMG l NYSE: IAG l 5
Slide 6: 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 6
Slide 7: The Offering
The Offering Analysis Reviewed Company’s liquidity position over 6 year period (2016 – 2021) under a number of different gold prices scenarios Used the latest available LOM plans for the financial analysis and assumed development of Sadiola Sulphide project (7.2 Mtpa) $30 Maintained assumption
Slide 8: Current Financial Position
Current Financial Position Pre-Deal* Credit Metrics Post-Deal 625.5 Cash Position1 $30 701.1 140.0 Credit Facility 170.0 313.5 EBITDA2 $250* 313.5 635.0 $500 Total Debt 489.1 2,032.2 Equity 2,253.1 1,285 Cash flow breakeven/ ounce3 1,197 $529 (9.5) Net Cash (Debt) Position 212.1 31.2% Total Debt / E
Slide 9: Operations
Operations
Slide 10: Essakane – Burkina Faso (90%)
Essakane – Burkina Faso (90%) Q2 2015 Q2 2016 Attributable gold production 89,000 89,000 Head grade 1.23 1.24 All-in sustaining costs1 ($/oz) $1,022 $1,090 Total cash costs1 ($/oz) $802 $679 Q2 2016 Highlights Small increase in throughput and slightly higher grade offset by lower recoveries due to
Slide 11: Rosebel – Suriname (95%)
Rosebel – Suriname (95%) Q2 2015 Q2 2016 Attributable gold production 71,000 73,000 Head grade 0.80 0.78 All-in sustaining costs1 ($/oz) $1,104 $1,051 Total cash costs1 ($/oz) $864 $765 Q2 2016 Highlights Despite proportion of soft rock declining by 50% from Q2’15, mill throughput rose by 4% due t
Slide 12: Rosebel – Saramacca Concession Acquired
Rosebel – Saramacca Concession Acquired About Saramacca: 30 km southwest from Rosebel mill Previously owned by Golden Star & Newmont Historical data and drilling suggests exploration target potential of between 8 to 40M tonnes grading 1.0 g/t to 1.8 g/t Au for potentially 500,000 to 1.4M oz Au
Slide 13: Westwood – Quebec (100%)
Westwood – Quebec (100%) Q2 2015 Q2 2016 Attributable gold production 23,000 16,000 Head grade 7.06 6.10 All-in sustaining costs1,2 ($/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 14: 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 15: Westwood - Five-Year Development Summary
Westwood - Five-Year Development Summary* 30,000 25,000 20,000 Metres 15,000 10,000 5,000 0 2016 2017 2018 2019 2020 Vertical Trackless Drift (Jumbo) Track Drift * Based on LOM plan as at January 2016. Subject to change. l TSX: IMG l NYSE: IAG l 15
Slide 16: Westwood - Five-Year Capital Spending
Westwood - Five-Year Capital Spending* 90 80 70 60 $ millions 50 Non-Sustaining Capital 40 Sustaining Capital 30 20 10 0 2016 2017 2018 2019 2020 * Based on LOM plan as at January 2016. Subject to change. l TSX: IMG l NYSE: IAG l 16
Slide 17: Westwood - Five-Year Free Cash Flow Estimates
Westwood - Five-Year Free Cash Flow Estimates* Free Cash Flow Before Financing 150 100 50 $millions 0 -50 -100 -150 2016 2017 2018 2019 2020 Assumptions: 2016 2017 2018 2019 2020 Gold Price 1,150 1,225 1,250 1,250 1,275 ($US/oz) Exchange Rate 1.25 1.25 1.20 1.20 1.15 ($CAD/$US) * Based on LOM plan a
Slide 18: 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 $941 Sadiola’s Historical Gold Production2 700,000 Q2 2016 Highlights Attributable production consistent QoQ due to higher gra
Slide 19: Sadiola Sulphide Expansion Project
Sadiola Sulphide Expansion Project Project Highlights Intend to move ahead by year-end conditional upon partner AngloGold Ashanti’s decision to proceed and renewal of construction and operating permits, power agreement and fiscal terms relating to the project Currently refining project economics
Slide 20: Sadiola Sulphide Expansion Project – Economic Assumptions
Sadiola Sulphide Expansion Project – Economic Assumptions 1 Main Economics Parameters for Pit Optimization Gold price (P) US$/oz 1,200 Tax and Royalty Assumptions: Long term oil price US$/bbl 75 Site diesel price US$/litre 0.83 30% as per the mining convention between SEMOS Tax and the Government
Slide 21: 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 22: Côté Gold – Well Established Infrastructure
Côté Gold – Well Established Infrastructure ENERGY 35 km to 115 kV power line Timmins Rail 70 km to 500 kV transmission line Roads Favouring 230 kV line from Timmins Power lines ROAD 500 kV CN Rail Close to Hwy 144, 130 km to Timmins, 101 Power line 170 km to Sudbury Côté Gold 144 Chapleau Property
Slide 23: Côté Gold – Evolved Resource Estimate
Côté Gold – Evolved Resource Estimate* Quantity Grade Au Metal Quantity Grade Au Metal (Mt) (g/t Au) (Koz) (Mt) (g/t Au) (Koz) Trelawney 35.0 0.82 930 204 0.91 5,940 IMG 289.2 0.90 8,354 66.9 0.60 1,174 Since IAMGOLD’s acquisition in 2012: Indicated resources have increased by ~7.4Moz Average gr
Slide 24: Exploration
Exploration
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 • Results from the 2016 diamond drill program at Malikoundi deposit indicate extension of Inferred1 2,922 1.3 1
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: Appendices
Appendices
Slide 29: 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 30: 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 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