Slide 1: Q3 2016 Results
Q3 2016 Results November 8, 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: Q3'16 Notable Highlights: Well Positioned for Growth
Q3’16 - Notable Highlights Strong Net earnings up $102M year over year Gold production of 210,000 ounces Financial and AISC - $1,046/oz Operating Cash Costs - $714/oz Results Signed agreement with Government of Suriname to acquire the Positive Saramacca property Developments $230M equity
Slide 5: Potential Production Pipeline Targeting AISC of $900-$950/oz by 2020
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-$950/oz by 2020 l TSX: IMG l NYSE: IAG l 5
Slide 6: Organic Growth at Existing Mines
Organic Growth at Existing Mines Rosebel Essakane Secure additional sources of soft Continued success in incorporating rock: soft rock from the Falagountou • Saramacca and Sarafina West deposit with potential to add • Saddle zones between existing ounces from Falagountou East. pits Westwood Sadiola
Slide 7: Financial Review
Financial Review
Slide 8: Revenues
Revenues1 Revenue Q3 2015 Change Q3 2016 Impact ($millions) Gold Price2 ($/oz.) 1,121 18% 1,326 43.6 282.4 Gold Sales3 Owner-Operator 184 15% 211 31.1 (000s oz.) 207.6 $millions Quarterly Change in Gold Sales3 by Site (000s oz) Q3 2015 Q3 2016 Change Essakane 114 126 12 Rosebel 68 69 1 Westwood 2 16
Slide 9: Cost of Sales
Cost of Sales ($millions) Q3 2015 Q3 2016 Variance Main Factors: 1. Rosebel Operating Costs 149.6 147.4 (2.2) • Workforce reductions • Devaluation of SRD against USD • Higher capitalized stripping • Lower fuel prices Depreciation 68.3 69.3 1 2. Essakane • Higher capitalized stripping • Lower fuel pr
Slide 10: Net Operating Cash Flow
Net Operating Cash Flow Net Cash from Operating Activities Net Cash from Operating Activities Before Changes in Working Capital1 112.1 126.6 $millions $millions 34.9 9.8 Q3 2015 Q3 2016 Q3 2015 Q3 2016 1 This is a non-GAAP measure. Refer to the non-GAAP performance measures section of the MD&A for m
Slide 11: Operating Cash Flow & Realized Gold Price by Quarter
Operating Cash Flow & Realized Gold Price by Quarter l TSX: IMG l NYSE: IAG l 11
Slide 12: Adjusted Net Earnings
Adjusted Net Earnings1 (In $ millions, except for per share amounts) Q3’16 Net earnings from continuing operations attributable to equity holders 17.0 Normalization of costs at Westwood 6.3 Unrealized derivative (gain) (1.6) Gain on purchase of Senior Unsecured Notes (4.0) Other 4.1 1 Adjusted net e
Slide 13: Gold Margins
Gold Margins 1,2 Due to: Q3’15 Q3’16 Higher gold price $1,121 vs. $1,326 18% 700 $30 Lower cash costs $791 vs. $714 10% 600 $250* $500 $377 Gold Margin ($US/oz) 500 $612 400 300 $27 $330 $71 200 $143 100 0 Q3'15 Q3'16 1 Consists of Essakane, Rosebel, Westwood and the JVs on an attributable basis
Slide 14: Recent Financial Transactions
Recent Financial Transactions $230M raised in 23% reduction to bought deal financing long-term debt Transactions $30 Issued US$230 million common shares, including $30 million in over-allotment $250* Purchased US$146 million of Senior $500 Unsecured Notes Result $529 Reduced long-term debt to
Slide 15: Total Liquidity
Liquidity as at September 30, 2016 $30 Cash & Cash Equivalents * $627 $250* $500 Available Credit Facility $168 $529 $27 Total Liquidity $71 $143 $795 *Excludes restricted cash of $123M l TSX: IMG l NYSE: IAG l 15
Slide 16: Operational Review
Operational Review
Slide 17: Q3'16 Production & Costs Summary
Q3’16 Production & Costs Summary Attributable Production Total Cash Costs1 AISC1 (oz) ($/oz produced) ($/oz sold) Essakane 104,000 $624 $815 Rosebel 72,000 $728 $1,183 Westwood 16,000 $888 $1,391 Sadiola 17,000 $999 $1,057 Total 210,000* $714 $1,046 *Includes 1,000 oz from Yatela, which is in closur
Slide 18: Essakane – Burkina Faso (90%)
Essakane – Burkina Faso (90%) Q3 2015 Q3 2016 Attributable gold production 107,000 104,000 Head grade 1.23 1.30 All-in sustaining costs1 ($/oz) $922 $815 Total cash costs1 ($/oz) $747 $624 Q3 2016 Highlights 6% increase in grade QoQ Lower throughput due to increase in hard rock and lower recover
Slide 19: Rosebel – Suriname (95%)
Rosebel – Suriname (95%) Q3 2015 Q3 2016 Attributable gold production 70,000 72,000 Head grade 0.79 0.82 All-in sustaining costs1 ($/oz) $1,111 $1,183 Total cash costs1 ($/oz) $866 $728 Q3 2016 Highlights New CLA signed to support employees with the devaluation of SRD against USD; 15% increase to
Slide 20: Westwood – Quebec (100%)
Westwood – Quebec (100%) Q3 2015 Q3 2016 Attributable gold production 2,000 16,000 Head grade 6.11 6.47 All-in sustaining costs1,2 ($/oz) $1,751 $1,391 Total cash costs1,2 ($/oz) $1,438 $888 Westwood LOM – Production & Costs Forecast Q3 2016 Highlights 250,000 $2,500 Production from planned mining
Slide 21: Westwood Development – Progress Update
Westwood Development – Progress Update Key Performance Indicators YTD Target YTD Actual Variance No lost time DART Rate* 3.30 0.8 -75% incidents Safety or injuries TRIR+ 8.8 8.0 -9% Underground lateral development 16,684 16,899 1% Development (m) Underground vertical development 3,080 2,138 -31% Tot
Slide 22: Sadiola – Mali (41%)
Sadiola- Mali (41%) Q3 2015 Q3 2016 Attributable gold production 17,000 17,000 Head grade 1.09 1.11 All-in sustaining costs1 ($/oz) $695 $1,057 Total cash costs1 ($/oz) $661 $999 Sadiola’s Historical Gold Production2 700,000 Q3 2016 Highlights Attributable production consistent QoQ due to higher g
Slide 23: 2016 Production and Cost Guidance
2016 Production and Cost Guidance Previous Guidance4 Revised Guidance3 Essakane (000s oz.) 365 – 375 365 – 375 Rosebel (000s oz.) 285 – 295 285 – 295 Westwood (000s oz.) 50 – 60 50 – 60 Total owner-operated production (000s oz.) 700 -730 700 -730 Joint ventures (000s oz.) 70 70 Total attributable pr
Slide 24: Capex Outlook
Capex Outlook $millions Sustaining Non-Sustaining Total Previous Revised Previous Revised Previous Revised Essakane 85 100 - - 85 100 Rosebel 50 60 15 15 65 75 Westwood 15 20 65 65 80 85 150 180 80 80 230 260 Corporate and Development Projects - - 10 5 10 5 Total owner-operator 150 180 90 85 240 265
Slide 25: Exploration Review
Exploration Review
Slide 26: 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 27: Diakha-Siribaya and Eastern Borosi
Diakha-Siribaya Location: Mali Tonnes Grade Contained Ounces Ownership: 50:50 JV with Merrex Gold (000) (g/t) (000 Au) Highlights: • Multiple zones of mineralization and deposit open Measured & Indicated1,2 2,102 1.9 129 in all directions Inferred1.2 19,816 1.7 1,092 • Currently focused on increasin
Slide 28: 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 with 8,100 metres of drilling Q3 YTD • Final drill results from 2016 winter program announced in June 2016 › R
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: 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: Investor Relations Contacts
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