Full Year 2015 Financial Results March 4, 2016 1 Forward Looking - PowerPoint PPT Presentation

TSX:NMI Full Year 2015 Financial Results March 4, 2016 1

Forward Looking Statements Certain information set forth in this presentation contains “forward -looking statements”, and “forward -looking information under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include the Company’s expectations about its business and operations, and are based on the Company’s current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as “will”, “expects”, “anticipates”, “believes”, “projects”, “plans”, and similar expressions. These statements are not guarantees of future performance or outcomes and undue reliance should not be placed on them. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are included in this presentation or incorporated by reference herein, except in accordance with applicable securities laws. 2

2015 RECORD YEAR SUSTAINABLE PRODUCER WITH A STRATEGY FOR LONG-TERM GROWTH 3 Australian RECORD 222,671 oz Gold Mines CONSOLIDATED GOLD PRODUCTION THREE NEW MINE SITE DISCOVERIES FLAGSHIP FOSTERVILLE GOLD CONSOLIDATED COSTS MINE OPERATING CASH COSTS $US 704/oz RECORD PRODUCTION 123,095 ALL-IN SUSTAINING COSTS $US 987/oz RECORD GRADE 6.11 g/t Au RECORD RECOVERY 88.5% RECORD DRILL INTERCEPT 645g/t Au over 3.5m ROBUST AUD$ GOLD PRICE TSX:NMI 3

Beginning 2016 Essentially Debt-Free Balance Sheet • 100% of outstanding convertible Cash Balance ($M) 1 US$36.5 debentures by March 31, 2016 to be Working Capital (incl. Cash)($M) 1 US$22.3 converted Debt ($M) 1 ( Est. as at March 30, 2016) <US$1.3 • US$5.1M in proceeds from exercise of TSX:NMI OTCQX: NMKTF 4.25M Warrants Capital Structure & Ownership • Essentially debt-free balance sheet to Issued and Outstanding (M) ( Est. as at March 30, 2016) 174.5 2 begin 2016 Market Capitalization (M) ( as at March 3, 2016) US$235 Options (M) 10.7 Performance Share Units (M) 4.0 CASH Warrants 3,4 0.9 Fully Diluted (M) 189.9 $36.5 Million Luxor Capital Group LP 35% Management/Board (basic) 8% Debt $1.37 Million Average Daily Volume 30 day 1,500,000 1. As at December 31, 2015 2. Assuming all debenture holders elect to exercise their debentures at $1.02 for 33.9 million common shares prior to the Redemption date of March 30, 2016. 3. Excludes 11,438,820 warrants which have a strike price of $9.16. 4. 972,000 broker warrants at $1.25 expiring on January 10, 2017 . 4 4

CEO Highlights – Full Year 2015 Strong Consolidated Production: Record gold production of 222,671 ounces exceeded the top end of 2015  production guidance range of 205,000 - 220,000 ounces and represented the third consecutive year of record production Record Low Costs: operating cash costs of $704 per ounce sold down 22.2% from FY 2014 and all-in sustaining  costs (“AISC”) of $987 per ounce sold down 20.1% from FY 2014 Fosterville Sets Records: Record production of 123,095 ounces, record mill grade of 6.11 g/t, record recovery  of 88.5%, record operating cash costs of $516 per ounce sold and AISC of $837 for FY15 Record Operating Cash Flow: $76.5M, up 3.2% from $74.2M in 2014, despite a 9% lower average realized  gold price. Operating cash flow per share of $0.61 Growth: $ 12.0M in growth spending, resulting in key discoveries across the Company’s operations  Earnings: Net loss of $2.8M or $0.02 per share includes a non-cash impairment charge of $26.5M relating to the  Cosmo Gold Mine, accounting for a $0.21 per share loss, and also includes transaction costs of $17.0M accounting for a $0.14 per share loss. Adjusted net income was $0.32 per share, or $40.7M when excluding the impairment and transaction costs Financial Position: Strong financial position at December 31, 2015 comprised of $36.5M cash. The recent  announcement on February 12, 2016, to redeem all outstanding convertible debentures through the issuance of common shares will leave the Company largely debt-free. (All figures are in United States (“U .S. ”) dollars, unless stated otherwise)* See Non-IFRS Disclosures ** All-In Sustaining Cash Costs per Ounce ("AISC") Includes Corporate General and Administrative Expenses. 5

Three Minesite Growth Programs $12.0M invested in growth in 2015 with key significant gold discoveries leading to organic growth  All discoveries have potential to contribute organic growth and are located near mine site  infrastructure Funding for all new mine site growth programs has come from free cash flow  Mine Site Discovery Snapshot Fosterville, Eagle Gold Zone ( Recent highlight intercept 645g/t gold over 3.5m )  Stawell, Aurora B ( highlight intercepts include 17.80m grading 7.06 g/t gold and 8.80m grading  8.03g/t gold, drill drive now extended 330m ) Cosmo, Western Lodes ( highlight intercepts include 4.3m grading 7.42g/t gold )  Revised 2015 National Instrument 43-101 Reserve and Resource Statements for all of our  operations and development projects will be tabled in March 2016 (All figures are in United States (“U.S.”) dollars, unless stated otherwise) 6

2016 Guidance Consolidated 2015 Consolidated 2016 (U.S.) $ Guidance Guidance Gold Production (ounces) ~220,000 205,000 – 220,000 Operational Cash Costs per ounce* $700 - $750 $650 - $725 AISC per ounce* (1) $970 - $1,020 $950 - $1,025 Capital Expenditures excluding growth ($M) $50 - $57.5 Growth Capital Expenditures ($M) $5 - $10 Corp. General and Administrative ($M) $5 - $6 * See Non-IFRS Disclosures (1) Operating Cash Costs per ounce and AISC per ounce reflect an average FX rate of $0.75. (2) All-In Sustaining Cash Costs per Ounce ("AISC") Includes Corporate General and Administrative Expenses. (All figures are in United States (“U .S. ”) dollars, unless stated otherwise) 7

Fosterville Mine (Eagle Gold Zone) (DRILLING ONGOING) West East Total Strike 600m x 290m vertical height, open for expansion as at Jan/16 11.1 g/t Gold over 4.9 m 286 g/t Gold (Visible Gold) over 2.8 m 385 g/t Gold (Visible Gold) over 3.4m 16.4 g/t Gold (Visible Gold) over 16.5m 12.8 g/t Gold over 8.5m Schematic Cross Section View looking North 24.8 g/t Gold over 2.5 m 42.9 g/t Gold over 3.7 m 73.2 g/t Gold (Visible Gold) over 7.8m 645 g/t Gold over 3.5 m 5.3 g/t Gold over 5.9m 161 g/t Gold over 4.9 m Drill Intercepts Legend Coloured by Gram-Metre Mined Stopes Reserves Mineralization >30 5 - 15 Mined Development Mine Design Target Trend 15 – 20 1 - 5 8

Fosterville Mine (Longitudinal Projection) 12.5 g/t Au over 3.3m 6.5 g/t Au over 4.2m Drill Targets Harrier Drill Drive Phoenix Decline 4.4 g/t Au over 4.4 g/t Au over 9.1m 6.1m 1km step-out drilling 7850mN Central Decline H2/2016 drill results 12.75 g/t Au over 5.9m 9

Stawell Mine Aurora B Discovery Section 7.06 g/t gold over 17.80 m Magdala East Flank Traditionally Target mined West Aurora B Flank Total production to 8.03 g/t gold over 8.8 m date 2.3 East Flank million ounces Target Aurora A 10

Cosmo Mine Discovery (Close to Infrastructure) WESTERN LODE PLAN MAP Union Reefs mill has 1.2Mt of excess capacity to  treat additional ore Sliver Target EASTERN DEEPS SECTION B A 14.79 g/t gold over 11.4 m, 14.07 g/t gold over 6.4 m Western 5.85g/t gold over 5.7 m Lode Target 10.25 g/t gold over 2.8 m Inc. 6.4 g/t gold over 3.1 m 7.42 g/t gold over 4.3 m 6.59 g/t gold over 6.4 m The Cosmo Eastern Deeps drilling has identified 0 100 mineralization approximately 200 m down Cosmo Long Section plunge from the base of current resources metres 11