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Iamgold Corp (IAG) · 40 slides · Filed Oct 22, 2026
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Slide 1 — August 2026
CORPORATE PRESENTATION August 2026 TSX: IMG | NYSE: IAG | w.iamgold.com
Slide 2 — comitments
2 CAUTIONARY STATEMENT Al information included or incorporated by reference in this MD&A, including any information as to the >ȒȅȵƏȇɵټɀ vision, strategy, future financial or operating performance and other statements that expres ȅƏȇƏǕƺȅƺȇɎټɀ expectations or estimates of future performance or impact, including statements in respect of the prospects and/or development of the >ȒȅȵƏȇɵټɀ projects, other than statements of historical fact, constitutes forward - loking information or forward - loking statements within the meaning of aplicable securities laws (colectively refered to herein as ٹǔȒȸɯƏȸƳ - loking ɀɎƏɎƺȅƺȇɎɀٺ٣ and such forward - loking statements are based on expectations, estimates and projections as of the date of this MD&A . Forward - loking statements are generaly identifiable by the use of words such as ٹȅƏɵٺً ٹɯǣǼǼٺً ٹɀǝȒɖǼƳٺً ٹɯȒɖǼƳٺً ٹƬȒɖǼƳٺً ٹƬȒȇɎǣȇɖƺٺً ٹƺɴȵƺƬɎٺً ٹƫɖƳǕƺɎٺً ٹƏǣȅٺً ٹƬƏȇٺً ٹǔȒƬɖɀٺً ٹǔȒȸƺƬƏɀɎٺً ٹƏȇɎǣƬǣȵƏɎƺٺً ٹƺɀɎǣȅƏɎƺٺً ٹȅƏǣȇɎƏǣȇٺً ٹƫƺǼǣƺɮƺٺً ٹǣȇɎƺȇƳٺً ٹȵǼƏȇٺً ٹɀƬǝƺƳɖǼƺٺً ٹǕɖǣƳƏȇƬƺٺً ٹȒɖɎǼȒȒǸٺً ٹȵȒɎƺȇɎǣƏǼ ٹɀƺƺǸٺً ٹɎƏȸǕƺɎɀٺً ٹƬȒɮƺȸٺً ٹɀɎȸƏɎƺǕɵٺً ٹƳɖȸǣȇǕٺً ٹȒȇǕȒǣȇǕٺً ٹɀɖƫǴƺƬɎ ɎȒٺً ٹǔɖɎɖȸƺٺً ٹȒƫǴƺƬɎǣɮƺɀٺً ٹȒȵȵȒȸɎɖȇǣɎǣƺɀٺً ٹƬȒȅȅǣɎɎƺƳٺً ٹȵȸȒɀȵƺƬɎǣɮƺٺً ٹǼǣǸƺǼɵٺً ٹȵȸȒǕȸƺɀɀٺً ٹɀɎȸǣɮƺٺً ٹɀɖɀɎƏǣȇٺً ٹƺǔǔȒȸɎٺً ٹƺɴɎƺȇƳٺً ٹȸƺȅƏǣȇٺً ٹȵɖȸɀɖƺٺً ٹȵȸƺƳǣƬɎٺً or ٹȵȸȒǴƺƬɎٺ or the negative of these words or other variations on these words or comparable terminology . In particular, forward - loking statements in this MD&A include, without limitation, those under the headings ٹ!ƫȒɖɎ u!ñg£åEٺً ٹoǣǕǝǼǣǕǝɎɀٺً ٹ£ɖɎǼȒȒǸٺً ٹMȇɮǣȸȒȇȅƺȇɎƏǼً Social and gȒɮƺȸȇƏȇƬƺٺً ٹ£ȵƺȸƏɎǣȒȇɀٺً ٹfǣȇƏȇƬǣƏǼ Condition" and ٹ»ɖƏȸɎƺȸǼɵ Financial …ƺɮǣƺɯٺ and include, but are not limited to, statements with respect to : the estimation of mineral reserves and mineral resources and the realization of such estimates ; operational and financial performance including the >ȒȅȵƏȇɵټɀ guidance for and actual results of production, ESG performance, costs and capital and other expenditures such as exploration and including depreciation expense and efective tax rate ; long - term value and capital alocation ; the updated life - of - mine plan, ramp - up asumptions and other project metrics including operating costs, procesing rates, throughput and operational optimization initiatives in respect of the Côté Gold Mine ; expected production of the Côté Gold Mine ; expected benefits from the operational improvements and de - risking strategies implemented or to be implemented by the Company ; mine development activities ; the >ȒȅȵƏȇɵټɀ capital alocation and liquidity, including potential returns of capital to shareholders ; the timing and ability to repatriate exces cash from Esakane ; the composition of the >ȒȅȵƏȇɵټɀ portfolio of asets including its operating mines, development and exploration projects ; the advancement and potential development of the >ȒȅȵƏȇɵټɀ exploration and development projects, including the Neligan Mining Complex ; the sale of its Malian aset ; permiting timelines and the expected receipt of permits ; inflation, including global inflation and inflationary presures ; global suply chain constraints ; environmental verification, biodiversity, including comitments related thereto and social development projects ; plans, targets, proposals and strategies with respect to sustainability, including third party data on which the Company relies, and their implementation ; comitments with respect to sustainability and the impact thereof ; comitments with respect to grenhouse gas emisions and energy transition ; comitments related to social performance, including comitments in furtherance of Indigenous relations ; the ability to secure alternative sources of consumables of comparable quality and on reasonable terms ; workforce and contractor availability, labour costs and other labour impacts ; the future price of gold and other comodities ; equity financings, foreign exchange rates and curency fluctuations ; financial instruments ; hedging strategies ; impairment asesments and asets carying values estimates ; safety and security concerns in the jurisdictions in which the Company operates and the impact thereof on the >ȒȅȵƏȇɵټɀ operational and financial performance and financial condition ; and government regulation of mining operations . The Company cautions the reader that forward - loking statements are necesarily based upon a number of estimates and asumptions that, while considered reasonable by management, are inherently subject to significant busines, financial, operational and other risks, uncertainties, contingencies and other factors, including those described below, which could cause actual results, performance or achievements of the Company to be materialy diferent from results, performance or achievements expresed or implied by such forward - loking statements and, as such, undue reliance must not be placed on them . Forward - loking statements are also based on numerous material factors and asumptions, including as described in this MD&A with respect to : the >ȒȅȵƏȇɵټɀ present and future busines strategies ; operations performance within expected ranges ; anticipated future production and cash flows ; local and global economic conditions and the environment in which the Company wil operate in the future ; the price of precious metals, other minerals and key comodities ; projected mineral grades ; international exchanges rates ; anticipated capital and operating costs ; the availability and timing of required governmental and other aprovals for the construction of the >ȒȅȵƏȇɵټɀ projects . Risks, uncertainties, contingencies and other factors that could cause actual results, performance or achievements of the Company to be materialy diferent from results, performance or achievements expresed or implied by such forward - loking statements include, without limitation : the >ȒȅȵƏȇɵټɀ busines strategies and its ability to execute thereon ; the development and execution of implementing strategies to met the >ȒȅȵƏȇɵټɀ sustainability vision and targets ; security risks, including civil unrest, war or terorism and disruptions to the >ȒȅȵƏȇɵټɀ suply chain and transit routes as a result of such security risks, particularly in Burkina Faso and the Sahel region surounding the >ȒȅȵƏȇɵټɀ Esakane mine ; the availability of labour and qualified contractors ; the availability of key inputs for the >ȒȅȵƏȇɵټɀ operations and disruptions in global suply chains ; tarifs and increase costs of suplies and equipment ; the volatility of the >ȒȅȵƏȇɵټɀ securities ; litigation ; contests over title to properties, particularly title to undeveloped properties ; mine closure and rehabilitation risks ; management of certain of the >ȒȅȵƏȇɵټɀ asets by other companies or joint venture partners ; the lack of availability of insurance covering al of the risks asociated with a mining ƬȒȅȵƏȇɵټɀ operations ; unexpected geological conditions ; competition and consolidation in the mining sector ; the profitability of the Company being highly dependent on the condition and results of the mining industry as a whole, and the gold mining industry in particular ; changes in the global prices for gold, and comodities used in the operation of the >ȒȅȵƏȇɵټɀ busines (including, but not limited to diesel, fuel oil and electricity) ; legal, litigation, legislative, political or economic risks and new developments in the jurisdictions in which the Company caries on busines, including the imposition of tarifs by the United States on Canadian products ; changes in taxes, including mining tax regimes ; the failure to obtain in a timely maner from authorities key permits, authorizations or aprovals necesary for transactions, exploration, development or operation, operating or technical dificulties in conection with mining or development activities, including geotechnical dificulties and major equipment failure ; the availability of capital ; the level of liquidity and capital resources ; aces to capital markets and financing ; the >ȒȅȵƏȇɵټɀ level of indebtednes ; the >ȒȅȵƏȇɵټɀ ability to satisfy covenants under its credit facilities ; changes in interest rates ; adverse changes in the >ȒȅȵƏȇɵټɀ credit rating ; the >ȒȅȵƏȇɵټɀ choices in capital alocation ; efectivenes of the >ȒȅȵƏȇɵټɀ ongoing cost containment eforts ; the >ȒȅȵƏȇɵټɀ ability to execute on de - risking activities and measures to improve operations ; availability of specific asets to met contractual obligations ; risks related to third - party contractors, including reduced control over aspects of the >ȒȅȵƏȇɵټɀ operations and/or the failure and/or the efectivenes of contractors to perform ; risks relating to acquisitions and divestitures ; risks arising from holding derivative instruments ; changes in U . S . dolar and other curency exchange rates or gold lease rates ; capital and curency controls in foreign jurisdictions ; asesment of carying values for the >ȒȅȵƏȇɵټɀ asets, including the ongoing potential for material impairment and/or write - downs of such asets ; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves ; the fact that reserves and resources, expected metalurgical recoveries, capital and operating costs are estimates which may require revision ; the presence of unfavourable content in ore deposits, including clay and coarse gold ; inacuracies in life of mine plans ; failure to met operational targets ; equipment malfunctions ; information systems security threats and cybersecurity ; laws and regulations governing the protection of the environment (including grenhouse gas emision reduction and other energy transition requirements ; the uncertainty surounding the interpretation of omnibus Bil C - 59 and the related amendments to the Competition Act (Canada) ; employe relations and labour disputes ; the maintenance of tailings storage facilities and the potential for a major spil or failure of the tailings facilities due to uncontrolable events, lack of reliable infrastructure, including aces to roads, bridges, power sources and water suplies ; physical and regulatory risks related to climate change ; unpredictable weather paterns and chalenging weather conditions at mine sites ; disruptions from weather related events resulting in limited or no productivity such as forest fires, severe storms, floding, drought, heavy snowfal, por air quality, and extreme heat or cold ; atraction and retention of key employes and other qualified personel ; availability and increasing costs asociated with mining inputs and labour, negotiations with respect to new, reasonable colective labour agrements and/or colective bargaining agrements may not be agred to ; the ability of contractors to timely complete projects on aceptable terms ; the relationship with the comunities surounding the >ȒȅȵƏȇɵټɀ operations and projects ; indigenous rights or claims ; ilegal mining ; the potential direct or indirect operational impacts resulting from external factors, including infectious diseases, pandemics, or other public health emergencies ; and the inherent risks involved in the exploration, development and mining busines generaly . Please se the >ȒȅȵƏȇɵټɀ AIF available on SEDAR+ at w . sedarplus . ca or Form 40 - F available on EDGAR at w . sec . gov/edgar for a comprehensive discusion of the risks faced by the Company and which may cause actual results, performance or achievements of the Company to be materialy diferent from results, performance or achievements expresed or implied by forward - loking statements . Although the Company has atempted to identify important factors that could cause actual results to difer materialy from those contained in forward - loking statements, there may be other factors that cause results not to be as anticipated, estimated or intended . The Company disclaims any intention or obligation to update or revise any forward - loking statements whether as a result of new information, future events or otherwise except as required by aplicable law .
Slide 3 — The
3 CAUTIONARY STATEMENT CAUTIONARY NOTE TO U . S . INVESTORS REGARDING DISCLOSURE OF MINERAL RESERVE AND MINERAL RESOURCE ESTIMATES Disclosure regarding the >ȒȅȵƏȇɵټɀ mineral properties, including with respect to mineral reserve and mineral resource estimates, included in this presentation, was prepared in acordance with the Canadian securities ƏƳȅǣȇǣɀɎȸƏɎȒȸɀټ NI 43 - 101 . The SEC disclosure requirements and policies for mining properties were amended in 2019 to more closely align with curent industry and global regulatory practices and standards, including NI 43 - 101 . However, foreign private isuers that file their anual report on Form 40 - F with the SEC pursuant to the Multijurisdictional Disclosure System ٢ٹñÜE—ٺ٣ً such as the Company, may use NI 43 - 101 rather than the —M>ټɀ disclosure requirements and are not required to provide disclosure under subpart 130 of Regulation S - K when filing MJDS registration statements and anual reports . Acordingly, information contained in this report may not be comparable to similar information disclosed by US companies . If the Company ceases to be a foreign private isuer or loses its eligibility to file its anual report on Form 40 - F pursuant to MJDS, then the Company wil be subject to reporting pursuant to subpart 130 of Regulation S - K, which difer from the requirements of NI 43 - 101 . US investors are urged to consider closely the disclosure on technical terminology under the heading ٹflƺƬǝȇǣƬƏǼ uȇǔȒȸȅƏɎǣȒȇٺ in the >ȒȅȵƏȇɵټɀ AIF filed with Canadian securities regulatory authorities at w . sedarplus . ca and filed under Form 40 - F with the SEC at w . sec . gov/edgar, incorporated by reference into this news release . QUALIFIED PERSON AND TECHNICAL INFORMATION The technical and scientific information relating to exploration activities disclosed in this document was prepared under the supervision of and verified and reviewed by Marie - France Bugnon, P . Geo . , Vice President, Exploration, IAMGOLD . Ms . Bugnon is a ٹȷɖƏǼǣǔǣƺƳ ȵƺȸɀȒȇٺ as defined in National Instrument 43 - 101 ٫ Standards of Disclosure for Mineral Projects ٢ٹòu 43 - 101 ٺ٣ . Christine Beausoleil, P . Geo . (Senior Director, Mining Geology, IAMGOLD Corporation), is the qualified person responsible for the review and aproval of al mineral resource estimates contained herein, as at March 31 , 2026 . Adriene Rispoli, P . Eng . (Senior Director, Mining and Integrated Planing, IAMGOLD Corporation), is the qualified person responsible for the review and aproval of al mineral reserve estimates contained herein, as at December 31 , 2025 . For the recently acquired Philibert and Chevrier properties (acquired on December 19 , 2025 ), the mineral resource estimates provided in this statement are based on data as reported in the respective NI 43 - 101 Technical Reports . The qualified persons responsible for these estimates have consented under NI 43 - 101 to the incorporation of their data in this report . IAMGOLD has not revised or altered the original information provided for these properties . For Philibert, the qualified persons Mr . Merouane Rachidi, P . Geo . , and Mr . Claude Duplesis, P . Eng .; for Chevrier, the qualified persons are Ms . Susan Lomas, P . Geo . , Mr . André Liboiron, P . Geo . and Mr . Jonathan Lavoie, P . Eng . The technical information has ben included herein with the consent and prior review of the above noted qualified persons, who have verified the data disclosed, and data underlying the information or opinions contained herein . Data verification involves data input and review by senior project geologists at site, scheduled wekly and monthly reporting to senior exploration management and the completion of project site visits by senior exploration management to review the status of ongoing project activities and data underlying reported results . Al driling results for exploration projects or suporting resource and reserve estimates referenced in this news release have ben previously reported in news release disclosures either by the Company or the project operator as the case may be (se referenced news releases) and have ben prepared in acordance with NI 43 - 101 . The sampling and asay data from driling programs are monitored through the implementation of a quality asurance ٫ quality control (QA - QC) program designed to folow industry best practices . Dril core (HQ and NQ size) samples are selected by the project geologists and sawn in half with a diamond saw at the project site . Half of the core is typicaly retained at the site for reference purposes . Generaly, sample intervals are 1 . 0 to 1 . 5 metres in length, and reverse circulation holes are sampled at 1 . 0 metre intervals at the dril rig . Samples are prepared and analyzed at site for the Company's producing mines and at acredited regional laboratories for the Company's exploration projects, using analysis techniques such as standard fire asay with a 50 gram charge, fire asay with gravimetric finish, or LeachWEL rapid cyanide leach with fire asay with a 50 gram charge . NON - GAP FINANCIAL MEASURES This presentation contains non - GAP financial measures, including average realized gold price per ounce sold, cash costs, cash costs (excluding royalties), cash costs per ounce sold, AISC, AISC per ounce sold, net cash from operating activities before changes in working capital, mine - site fre cash flow, liquidity, net cash (debt), EBITDA, adjusted EBITDA, adjusted net earnings (los) atributable to equity holders and adjusted net earnings (los) per share atributable to equity holders, sustaining capital expenditures, expansion capital expenditures, and project expenditures . The non - GAP financial measures disclosures included in the >ȒȅȵƏȇɵټɀ Q 2 2026 MD&A are incorporated by reference in this presentation . Further details on these non - GAP financial measures are included on pages 32 to 43 of the >ȒȅȵƏȇɵټɀ Q 2 2026 MD&A filed on SEDAR at w . sedarplus . ca and on EDGAR at w . sec . gov/edgar .
Slide 4 — •Cash costs
OVERVIEW 4 Q2 2026 OPERATING & FINANCIAL HIGHLIGHTS •Gold production ( atr .) of 18,10 oz | YTD: 371,70 oz •Cash costs 2 (excl. royalties) of $1,289/oz, Cash costs 2 of $1,642/oz and AISC 2 of $2,271/oz •Trailing 12 month adj. EBITDA of $2.2 bilion •Share buyback of $510.4 M since Dec 2025 •De - levered with net cash of $52.2 M (excl. leases and leters of credit) LOKING FORWARD •2026 production ( atr .) of 720,0 ٫ 820,0 oz @ cash costs 2 (excl. royalties) of $1,10 ٫ $1,250/oz •Upcoming catalysts: • Q4/26: Updated Côté technical report and mine plan • H1/27: Esakane technical report evaluating a potential extension to 2035 • mid - 27: Neligan preliminary economic asesment • H2/27: Westwod mine life extension and underground expansion technical report A LEADING, MODERN CANADIAN - FOCUSED MULTI - ASET PRODUCER •Côté Gold: £ȇƺ Ȓǔ >ƏȇƏƳƏټɀ ǼƏȸǕƺɀɎ Ȓȵƺȇ ȵǣɎ ǕȒǼƳ ȅǣȇƺɀً Ə ȅȒƳƺǼ ǔȒȸ ȅ •Westwod: Quebec underground suces story, generating positive cashflow with a revised technical aproach to underground mining •Esakane: 6 th largest gold mine in West Africa, leader in the comunity, averaging ~ 40,0 oz per year over last 10 years •Neligan Complex 1 : Recent consolidation of Chibougamau - Chapais region with combined 4.3 Moz Indicated and 7.5 Moz Inf , positioning project among the largest pre - production gold camps in Canada •Responsibility: Comited to responsible mining practices and focus on safety 1. On Dec 19, 2025 ƏȇƳ EƺƬ אאً אאדً u!ñg£åE ƬǼȒɀƺƳ Ɏǝƺ ȵȸƺɮǣȒɖɀǼɵ ƏȇȇȒɖȇƬƺƳ ƏǕȸƺƺȅƺȇɎɀ ɎȒ ƏƬȷɖǣȸƺ ò be c 2. This is a non - g!!∆ ǔǣȇƏȇƬǣƏǼ ȅƺƏɀɖȸƺِ …ƺǔƺȸ ɎȒ Ɏǝƺ ٹòȒȇ - g!!∆ fǣȇƏȇƬǣƏǼ ñƺƏɀɖȸƺɀٺ ɀƺƬɎǣȒȇ Ȓȇ ɀǼǣƳƺ ُ בِ
Slide 5 — CÔTÉ GOLD
5 OPERATIONS OVERVIEW Operating Advanced Exploration CÔTÉ GOLD 1 Ontario, Canada (70% IMG | 30% SM 1 ) Start - up 2024 Mine type Open pit Estimated mine life ~2041+ 2026 Guidance (70%) (10%) 270,0 ٫310,0 oz 390,0 ʹ40,0 oz $90 ʹ$1,050/oz C exR 2 $1,75 ʹ$1,925/oz AISC 2 Upcoming catalysts: Q4/26: Côté new mine plan ESAKANE Burkina Faso, West Africa (85% IMG) Start - up 2010 Mine type Open pit Estimated mine life ~2028+ 2026 Guidance , 85% 340,0 ٫380,0 oz $1,150 ʹ$1,30/oz C exR 2 $2,0 ʹ$2,150/oz AISC 2 Upcoming catalysts: H1/27: LOM extension 1. Côté Gold is owned as a 70 / 30 JV betwen IMG and Sumitomo Metal Mining Co . Ltd . and caries a 7 . 5 % NPI royalty . 2. C exR = cash costs (excluding royalties) : royalty costs at Côté Gold and Esakane estimated at $ 30 /oz and $ 450 /oz, respectively, at $ 4 , 0 /oz Au ; C = cash costs ; AISC = Al - in sustaining costs ; These are non - GAP financial measure . Refer to ٹòȒȇ - GAP Financial ñƺƏɀɖȸƺɀٺ on slide # 3 3. M&I resources inclusive of mineral reserves . 4. Net Aset Value is estimated using the average of consensus estimates 5. On Dec 19 , 2025 and Dec 2 , 2025 , IAMGOLD closed the previously anounced agrements to acquire Northern Superior Resources and Mines Ƴټ£ȸ Orbec NELIGAN MINING COMPLEX 5 Quebec, Canada (10% IMG) Status Pre - production Deposit type Open pit/Sat. UG Indicated Mineral Resources 3,5 4.3 Moz Infered Mineral Resources 3,5 7.5 Moz Upcoming catalysts: mid - 27: Initial PEA WESTWOD Quebec, Canada (10% IMG) Start - up 2014 Mine type Underground/Sat. OP Estimated mine life ~2032+ 2026 Guidance , 10% 10,0 ٫130,0 oz $1,50 ʹ$1,650/oz C 2 $1,950 ʹ$2,10/oz AISC 2 Upcoming catalysts: H2/27: UG Expansion Mineral Resources 3 by Geography Canada 87% Net Aset Value 4 by Geography Canada 82%
Slide 6 — 40%
RESPONSIBLE MINING ENVIRONMENT •A focus on biodiversity informed by frameworks incl. Taskforce on Nature - related Financial Disclosures (TNFD) •Zero significant environmental incidents •Water recycled or reused rose 76% to 21,021 megaliters, from 1,975 megaliters in 2024 •Esakane operates as a zero - discharge site powered in part by a 12 MWAC solar plant, acquired outright in 2025 •~91 hectares of land under rehabilitation ; waleye returned to Côté's new Oshki Lake habitat within thre months of construction HEALTH & SAFETY •Total Recordable Injury Frequency Rate improved to 0.60 , extending a multi - year trend from 0.87 in 2019 •Côté Gold delivered a TRIFR of 0.59 acros 7.9 milion hours worked in its first ful year of operation •Level A or higher acros al eight TSM protocols at Westwod and Esakane •Critical Risk Management entered its second year, now embeded in procurement and tied to management incentive programs GOVERNANCE & COMUNITY • Women hold 4% of Board seats and 40% of Executive Leadership Team roles , up from 17% in 2024 • Comunity investments of $18.8M up 46%; $128.3 milion dividend paid to the Burkinabè state • Côté Gold employs 652 people, 70% from Northern Ontario , with Indigenous representation rising to 7.7% • Recognized as a Greater Toronto Area Top Employer 6 TOTAL RECORDABLE INJURY FREQUENCY RATE A Tailings management policy and comitment at Esakane and Westwod 40% women on the Executive Leadership Team 21,021 ML Water recycled and/or reused $18.8M in comunity investments, up 46% year over year 0.76 0.69 0.63 0.60 0.56 0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 202 2023 2024 2025 YTD 2026 1,975 21,021 0 50 10 150 20 250 2024 2025 WATER RECYCLED/REUSED M e g a l i t r e s ( M L )
Slide 7 — RESPONSIBILITY
7 Q2 OPERATING HIGHLIGHTS RESPONSIBILITY • Q2 TRIFR of 0.70 , with YTD TRIFR of 0.56 • Zero significant environmental incidents reported in Q2 PRODUCTION • Gold production (atr. 1 ) of 18,10 oz | YTD: 371,70 oz • Côté production ( atr . 1 ) of 67,30 oz (96,20 oz @ 10%) • Westwod production of 32,40 oz • Esakane production ( atr . 1 ) of 8,40 oz (104,0 oz @ 10%) • On track to achieve production guidance of 720,0 ٫ 820,0oz • Production to increase through the year as Côté continues to debotleneck operations and implement operating improvements OPERATING COSTS (per gold ounce sold) • Cash costs (excl. royalties) 3 of $1,289/oz | YTD: $1,24/oz • Cash costs 3 of $1,642/oz | YTD: $1,624/oz • AISC (excl. royalties) 3 of $1,918/oz | YTD: $1,815/oz • Royalties: costs at Côté Gold and Esakane have direct exposure to the gold price through royalties: H1 2026 royalties avg. $380/oz • Oil impact: A $10/ bl  ǣȇ ȒǣǼ ȵȸǣƬƺ ۂ ڟאٖ Ȓɿ  in cash costs • Inflation: In H1 2026, ~ 3% inflation acros certain comodity inputs 1. Atributable production acounts for IAG interest as folows: Côté @ 70% | Esakane @ 85% after Q2 2025, @90% prior 2. Cost of sales, excluding depreciation, is disclosed in the cost of sales note in the consolidated interim financial statement s. 3. This is a non - g!!∆ ǔǣȇƏȇƬǣƏǼ ȅƺƏɀɖȸƺِ …ƺǔƺȸ ɎȒ ٹòȒȇ - g!!∆ fǣȇƏȇƬǣƏǼ ñƺƏɀɖȸƺɀٺ Ȓȇ ɀǼǣƳƺ ُ בِ OPERATING RESULTS Q2 2026 Q2 2025 YTD 2026 2026 Guidance Côté Gold ( atr .) koz 67.3 67.0 19.6 270 ٫ 310 Westwod (10%) koz 32.4 29.4 68.6 10 ٫ 130 Esakane (85%) koz 8.4 76.6 183.5 340 ٫ 380 Production (atr.) koz 18.1 173.0 371.7 720 ٫ 820 Gold sales ( atr.) koz 180.2 173.4 373.9 Average realized gold price US$/oz $4,384 $3,182 $4,631 Cash costs (excl. royalties) $1,289 $1,340 $1,24 $1,10 ٫ $1,250 Cash costs 2 US$/oz $1,642 $1,56 $1,624 $1,425 ٫ $1,575 AISC 2,3 (excl. royalties) US$/oz $1,918 $1,825 $1,815 $1,675 ٫ $1,825 AISC 2,3 US$/oz $2,271 $2,041 $2,195 $2,0 ٫ $2,150 Capex 2,3 œ sustaining US$M $96.3 $78.4 $184.9 $380 ( ± 5%) Capex 2,3 œ expansion US$M $2.0 $8.9 $34.8 $120 ( ± 5%) PRODUCTION ( atr .) & COSTS 2 CAPITAL EXPENDITURES 0 50 1,0 1,50 2,0 2,50 0 50 10 150 20 250 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 $/oz '0 ounces Esakane Westwod Côté Cash costs AISC 0 60 120 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 $M Sustaining Expansion Côté Exp. (atr.)
Slide 8 — CASH FLOW & BALANCE SHET
8 Q2 FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS (In $ milions, unles otherwise stated) Q2 2026 Q2 2025 YTD 2026 Revenues $856.9 $580.9 $1,87.0 Gros profit $415.1 $198.8 $985.8 EBITDA 1 $495.3 $283.8 $1,152.3 Adj. EBITDA 1 $507.3 $276.4 $1,173.6 Net earnings $230.5 $78.7 $610.2 Adj. net earnings 1 $241.6 $7.3 $632.7 Adj. EPS ʹ $/ sh equity 1 $0.42 $0.13 $1.09 Net cash operating activities (ex - WC) 1 $42.9 $127.3 $1,072.4 Net cash operating activities $45.1 $85.8 $1,015.0 Mine - site fre cash flow 1 $368.9 $140.5 $893.5 1. This is a non - g!!∆ ǔǣȇƏȇƬǣƏǼ ȅƺƏɀɖȸƺِ …ƺǔƺȸ ɎȒ ٹòȒȇ - g!!∆ fǣȇƏȇƬǣƏǼ ñƺƏɀɖȸƺɀٺ Ȓȇ ɀǼǣƳƺ ُ בِ 2. AISC Margin = Realized Gold Price - AISC ADJ. EBITDA 1 MINE - SITE FCF 1 ADJ. EPS 1 AISC Margin 2 CASH FLOW & BALANCE SHET • Mine - site fre cash flow of $ 368.9M (up 163% y/y) | YTD: $893.5 M • De - levering ongoing with net cash 1 of $52.2 M BUYBACK PROGRAM • 21.5M shares repurchased for $407.9M YTD through June 30, 2026 • NCIB authorizes purchases of up to 57.0M shares , representing ~10% of public float LIQUIDITY (as at June 30, 2026) • Cash and equivalents² of $501.4M and total liquidity of $1.35B • Credit Facility fuly repaid and undrawn , with $845.7M available • $171.0M of cash held by Esakane , compared with $281.9M at March 31, 2026 ESAKANE DIVIDEND • u!gټɀ $680.7M net portion of the ~$85M dividend has ben fuly repatriated • $197.1M received from Esakane in Q2 , bringing YTD repatriation to $409.8M • Esakane declared a new ~$50M dividend in June 2026, with u!gټɀ ƺɴȵƺƬɎƺƳ ȇƺɎ ȵȒȸɎǣȒȇ Ȓǔ ~$40M 0 250 50 750 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 $ milion adj. EBITDA 0 175 350 525 70 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 $ milion Mine-site FCF 0.0 0.25 0.50 0.75 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 $/share adj EPS 0 1,0 2,0 3,0 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 $/oz AISC Margin
Slide 9 — 9
9 Q2 FINANCIAL HIGHLIGHTS 1. Net cash excludes lease liabilities of $90.5M and drawn leters of credit of $4.3M 2. As at June 30, 2026, excluding restricted cash of $69.0 M related to closure obligations at Esakane and Westwod ن דِ ודۏ ɀƺȇǣȒȸ ȇȒɎƺɀ ȅƏɎɖȸƺ Ȓȇ £ƬɎȒƫƺȸ דً אאז ٢fǣɎƬǝي =ڷً ñȒȒƳɵټɀي =ً —ۭ ∆ي == - ) * Lease balances includes Côté CAT leases at 70% and other leases at 10% LONG - TERM DEBT Jun 30 Jun 30 ($ milions) 2026 2025 Credit Facility $0.0 $250.0 5.75% senior notes* 450.0 450.0 Term Loan 0.0 40.0 Equipment loan $0.2 $1.9 Total debt $450.2 $1,101.9 Cash, equiv and investments (502.4) (23.8) Net (cash) debt (excl. leases, LOCs, etc.) ($52.2) $876.2 Leases* 90.5 129.5 Leters of credit 4.3 8.3 Net debt $42.6 $1,014.9 Cash ST Investments Available Credit Facility $1.35B TOTAL LIQUIDITY J Ʉ͛ ˂ ࢸ म ࠸ ࢶ ࠷ ’ Θ Ʉ ˏ ˵ Ʉ ɩ ˵ ʍ J͍ ʍ ɾ â ˏ ˵ ˏͩ Ω ࢸ म ࠻ ࠷ ࠸ ࠺ ’ $501.4 - $21.0 - $74.0 - $5.7 - $147.9 - $10.0 - $20.8 - $8.9 - $15.6 - $72.4 +$74.6 +$42.9 $50.2 Cash @ June 30, 2026 Other financing, FX Dividends paid to BF Interest expense NCIB buyback Net Credit Facility Investing activities (other) Borowing costs Capital expenditures ȴ íͬ / Θ ƐƚŽĐŬƉŝůĞƐ͕ ARO, etc Taxes paid Operating activities (before WC) Cash @ Mar 31, 2026 Q2 2026 CASH FLOW RECONCILIATION Operating Investing Financial
Slide 10 — CÔTÉ GOLD MINE
CÔTÉ GOLD MINE
Slide 11 — Q2 OVERVIEW
1. This is a non - g!!∆ ǔǣȇƏȇƬǣƏǼ ȅƺƏɀɖȸƺِ …ƺǔƺȸ ɎȒ ٹòȒȇ - GAP fǣȇƏȇƬǣƏǼ ñƺƏɀɖȸƺɀٺ Ȓȇ ɀǼǣƳƺ ُ בِ 2. Cash cost and AISC guidance asumed a gold price of $4,0/oz (10% basis, unles otherwise stated) Q2 2026 Q2 2025 YTD 2026 2026 Guidance Ore mined kt 3,072 3,170 6,625 Grade mined g/t 0.86 0.95 0.93 Material mined ٫ total kt 1,736 1,808 21,062 ~48,0 Ore miled kt 2,873 2,930 5,214 ~12,0 Head grade g/t 1.12 1.1 1.1 1.05 ٫ 1.15 Recovery % 93% 93% 93% Production ʹ 10% koz 96.2 96.2 170.9 390 ٫ 40 Production ʹ atr . koz 67.3 67.0 19.6 270 ٫ 310 Cash costs (excl. royalties) 1 $/oz $1,245 $97 $1,301 $90 ٫ 1,050 Cash costs 1, 2 $/oz $1,54 $1,219 $1,62 $1,20 ٫ 1,350 Al - in sustaining costs 1, 2 $/oz $2,082 $1,61 $2,094 $1,75 ٫ 1,925 Sustaining capital 1 ٫ atr . $M $36.6 $27.2 $5.4 $160 ( ± 5%) Expansion capital 1 ٫ atr . $M $18.0 $6.6 $27.1 $85 ( ± 5%) Q2 OVERVIEW • Production (70%): 67,30 oz | YTD: 19,60 oz (10%): 96,20 oz | YTD: 170,90 oz MINING • Total tones mined of 1.7M tones and total ore tones of 3.1M tones • Avg grade mined of 0.86 g/t • Strip ratio of 2.8:1 as pushback activity opened a new bench for H2 • Mining rates expected to increase in H2 as equipment is redeployed folowing phase - out of contractor crushing MILING • Mil throughput of 2.9M tones • New primary conveyor belt sucesfuly instaled in May • Plant ramped to nameplate capacity, procesing over 1.0 M tones in June • Contracted agregate crushing discontinued by end of June • Head grades of 1.12 g/t • Recoveries of 93% with god reconciliation betwen reserve model and mil fed PRODUCTION & COSTS 1 THROUGHPUT & GRADE MINING & STRIP RATIO CAPITAL EXPENDITURES CÔTÉ GOLD (70% Interest ) 1 0.0 1.0 2.0 3.0 0 4 8 12 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Strip ratio M tones Ore mined Waste mined Strip ratio 0.0 0.5 1.0 1.5 0 1 2 3 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 g/t M tones Throughput Head grade 0 20 40 60 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 $ milion Sustaining Expansion 0 80 160 240 0 30 60 90 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 $/oz '0 ounces Production, atr. Cash costs AISC
Slide 12 — Q2 COSTS
12 CÔTÉ GOLD (70% Interest ) Q2 COSTS • Cash costs 1 (excluding royalties) of $1,245/oz, cash costs 1 of $1,54/oz & AISC 1 of $2,082/oz in Q2 • Mining costs averaged $4.49/t , further improvements expected with aditional flet availability and expanded operating area in pit to improve eficiencies • Miling costs averaged $20.85/t, cost improvement in June at $17.72/t folowing conveyor replacement, improved volumes and maintenance cycles expected to be realized before end of year • Royalties of $309/oz represents ~20% of Q2 cash costs • Oil sensitivity: $10/ bl  = $7/oz  in costs 1. This is a non - g!!∆ ǔǣȇƏȇƬǣƏǼ ȅƺƏɀɖȸƺِ …ƺǔƺȸ ɎȒ ٹòȒȇ - g!!∆ fǣȇƏȇƬǣƏǼ ñƺƏɀɖȸƺɀٺ Ȓȇ ɀǼǣƳƺ ُ ב 2. Operating Unit Costs: Mining cost = per tone of material mined; Procesing and G&A cost = per tone of ore procesed OPERATING UNIT COSTS 2 TONES 0 5 10 15 20 25 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 $/t OP Mining cost (/t mined) Procesing cost (/t miled) G&A cost (/t miled) 0.0 1.0 2.0 3.0 4.0 6 8 10 12 14 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 T/P (Mt) Mining (Mt) Total Mined Throughput OUTLOK Atr . YTD 202 6 2026 Guidance Production oz (10%) (70%) 170 , 9 0 19 , 6 0 390,0 ٫ 40,0 270,0 ٫ 310,0 Cash costs (excl. royalties) 1 $/oz $ 1,301 $90 ٫ $1,050 Cash costs 1 $/oz $ 1, 62 $1,20 ٫ $1,350 AISC 1 $/oz $ 2 , 094 $1,75 ٫ $1,925 Sustaining capital 1 $M (70%) $ 5.4 $160 ( ± 5%) Expansion capital 1 $M (70%) $ 2 7.1 $85 ( ± 5%)
Slide 13 — UPDATED MINE PLAN
13 CÔTÉ EXPANSION UPDATED MINE PLAN • Updated technical report and mine plan in Q4 2026 to outline longer mine life and increased reserves at an increased capacity • Based on updated Mineral Resources of 20.3 Moz M&I and 3.5 Moz Infered (June 2026) • Near - term path toward 40,0+ tpd through targeted debotlenecking of the existing plant and targeted plant improvements: • 2nd dry crushing line, 3rd vertimil, optimized refed systems and increased fine ore dome capacity and leach tanks EXPANSION PRIORITIES • flǝƺ ɀƬƏǼƺ ƏȇƳ ȒȵȵȒȸɎɖȇǣɎɵ Ȓǔ >ȕɎƻټɀ ǼȒȇǕ - term potential continues to increase • Trade - of studies advancing on a further material expansion of the operation • Size and quality of the consolidated Côté - Goselin resource base sugests potential to suport a larger operation over the long term • Aditional technical, infrastructure and permiting studies are ongoing to determine the optimal scale, configuration and development path to maximize the long - term value of the operation MINERAL RESERVE & RESOURCE ESTIMATE Tones Grade Ounces (Resources efective Mar 31, 2026; Reserves efective Dec 31, 2025) ٢ (g/t) ٢ Proven & Probable: Côté 217,167 1.01 7,041 Measured + Indicated (incl. reserves): Côté 518,0 0.7 12,760 Measured + Indicated 2 : Goselin 1 320,0 0.74 7,580 Total Measured + Indicated 2 (incl. reserves) 838,0 0.75 20,340 Total Infered: Côté + Goselin 17,10 0.61 3,480
Slide 14 — 14
14 CÔTÉ GOLD LONG SECTION 1. M&I resources are inclusive of P&P Mineral Reserves, refer to Mineral Reserves and Resources Statement in Apendix. 2. Updated asumptions include a gold price of $2,50 per ounce (up from $2,10/oz for Côté and $2,50/oz for Goselin) and a consolidated cut - of grade of 0.25 g/t Au (down from 0.30 g/t Au previously) aplied acros the consolidated zones.
Slide 15 — 15
15 715 590 485 40 438 390 340 30 280 240 230 215 Detour Lake Malartic Meadowbank Côté Gold Blackwater Grenstone La Ronde Meliadine Porcupine Rainy River Brucejack Eleonore 36 13 3 18 12 6 5 8 4 1 6 3 C Ô T É GOLD: LARGE - SCALE AND LONG - LIFE MINE TOP 12 GOLD MINES IN CANADA BY PRODUCTION 1 ( koz ) Mines acquired in last 15 years 3 4 4 M&I Mineral Resources 2 (inclusive of reserves) 1. Based on 2026E production guidance. | 2. Mineral Resources as per per company disclosure or technical reports where available | 3. Production at 10% on top end of guidance for 2026 prior to upcoming expansion study | 4. Production based company stated LOM estimates
Slide 16 — WESTWOD
WESTWOD
Slide 17 — Q2 OVERVIEW
1. This is a non - g!!∆ ǔǣȇƏȇƬǣƏǼ ȅƺƏɀɖȸƺِ …ƺǔƺȸ ɎȒ ٹòȒȇ - g!!∆ fǣȇƏȇƬǣƏǼ ñƺƏɀɖȸƺɀٺ Ȓȇ ɀǼǣƳƺ ُ בِ (10% basis, unles otherwise stated) Q2 2026 Q2 2025 YTD 2026 2026 Guidance Ore mined ٫ UG kt 104 98 210 Ore mined ٫ OP kt 109 315 169 Ore miled kt 287 323 590 ~1,20 Head grade ٫ UG g/t 8.40 7.38 9.1 Head grade ٫ OP g/t 0.90 1.16 1.0 Head grade ٫ total g/t 3.75 3.07 3.90 ~3.50 Recovery % 94% 92% 93% Production koz 32.4 29.4 68.6 10 ٫ 130 Cash costs 1 $/oz $1,606 $1,562 $1,417 $1,50 ٫ 1,650 Al - in sustaining costs 1 $/oz $2,163 $2,140 $1,921 $1,950 ٫ 2,10 Sustaining capital expenditures 1 $M $16.7 $16.0 $3.3 $5 ( ± 5%) Expansion capital expenditures 1 $M $3.6 Ͷ $6.7 $30 ( ± 5%) Q2 OVERVIEW • Production of 32,40 oz | YTD: 68,60 oz • Mine - site fre cash flow of $56.5 M | YTD: $16.5 M • Updated technical report expected in H2 2027, expected to outline further mine life extension and potential underground bulk - mining in the eastern zone MINING • Ore mined from underground mining of 104,0 tones • Underground head grade of 8.40 g/t • Improved stope mucking procedures and hoisting performance • Open pit mining of 109,0 tones as activity focused on waste striping and transitioned to a new contract miner MILING • Mil throughput of 287,0 tones , reflecting a planed Q2 shutdown • Blended head grade of 3.75 g/t • Average recoveries of 94% PRODUCTION & COSTS 1 THROUGHPUT & GRADE MINING RATES CAPITAL EXPENDITURES WESTWOD COMPLEX 17 0 90 180 270 360 450 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 '0 tones UG ore mined OP ore mined 0.0 2.5 5.0 7.5 10.0 0 10 20 30 40 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 g/t '0 tones Throughput Head grade, UG Head grade, OP 0 5 10 15 20 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 $ milion Sustaining Expansion 0 70 140 210 280 0 10 20 30 40 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 $/oz '0 ounces Production Cash costs AISC
Slide 18 — OUTLOK
18 WESTWOD COMPLEX 1. This is a non - g!!∆ ǔǣȇƏȇƬǣƏǼ ȅƺƏɀɖȸƺِ …ƺǔƺȸ ɎȒ ٹòȒȇ - g!!∆ fǣȇƏȇƬǣƏǼ ñƺƏɀɖȸƺɀٺ Ȓȇ ɀǼǣƳƺ ُ ב 2. Operating Unit Costs: Mining cost = per tone of material mined; Procesing and G&A cost = per tone of ore procesed 3. Resources are inclusive of Mineral Reserves. Refer to Resource Statements and notes in the Apendix OUTLOK YTD 202 6 2026 Guidance Production oz 68,60 10,0 ٫ 130,0 Cash costs 1 $/oz $ 1, 417 $1,50 ٫ $1,650 AISC 1 $/oz $ 1,921 $1,950 ٫ $2,10 Sustaining capital 1 $M $ 3.3 $5 ( ± 5% ) Expansion capital 1 $M $ 6.7 $30 ( ± 5% ) COSTS • Cash costs 1 of $1,606/oz & AISC 1 of $2,163/oz in Q2 • Underground mining costs were $314/t, reflecting increased labour and maintenance activity • Miling costs of $37.02/t reflecting portable crushing for suplemental Grand Duc fed and planed mil shutdown • Expansion capital of $30 milion expected to be spent in 2026 suporting development and evaluation of bulk - mining oportunities underground in eastern coridor • Updated technical report expected in H2 2027 and improved costs OPERATING UNIT COSTS 2 TONES UG 0 10 20 30 40 0 5 10 15 20 25 30 35 40 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 $/t $/t OP Mining cost Procesing cost G&A cost UG Mining cost 40 60 80 10 120 0 10 20 30 40 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 UG ore mined (t) (t) Throughput OP ore mined UG ore mined
Slide 19 — • P&P Mineral Reserve estimate (underground) of 1.1 milion
19 WESTWOD COMPLEX WEST CORIDOR CENTRAL CORIDOR EAST CORIDOR +480 +460 +40 +420 +40 +380 +360 +340 LEVEL 180 LEVEL 84 LEVEL 104 LEVEL 132 BOUSQUET FAULT 1. Resources are inclusive of Mineral Reserves . Refer to Resource Statements and notes in the Apendix Mined out stopes Mine plan (2026 - 2030) Measured Indicated Infered MINERAL RESERVE & RESOURCE ESTIMATE 1 • P&P Mineral Reserve estimate (underground) of 1.1 milion ounces at 9.72 g/t , increasing +13% from YE2024 after depletion • Mineral Resource estimate of 2.4 milion ounces , incl. Grand Duc, at 6.24 g/t , with tones increasing +79% and ounces +40% from YE2024 Tones Grade Ounces (as of Dec 31, 2025) ٢ (g/t) ٢ Proven & Probable (Westwod) 3,462 9.72 1,082 Proven & Probable (Grand Duc) 1,896 1.10 67 Total P&P 5,358 6.67 1,148 Measured + Indicated (incl. reserves) 1,943 6.24 2,397 Infered 4,507 10.46 1,515 BULK MINING CONCEPT • Development spending of $30M in 2026 to suport study of options to expand the mine at depth in eastern portion of Westwod • Thickening of mineralization could be amenable to bulk mining • Primary shaft has ore capacity wel in exces of 3,0 tpd
Slide 20 — ESAKANE
ESAKANE