Iamgold Corporation · TSX:IMG
Iamgold — Merger or Acquisition (April 2012)
18 slides from Iamgold's merger presentation, Apr 27, 2012
Slide 1: Acquisition of Trelawney Mining and Exploration
Acquisition of Trelawney Mining and Exploration Enhancing our Future Growth Profile April 27, 2012 [NTD: Add picture of Nautilus site] Steve Letwin President & CEO TSX: IMG NYSE: IAG
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains forward-looking statements. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements rega
Slide 3: Global Operating Footprint
Global Operating Footprint YATELA SADIOLA ESSAKANE NIOBEC Westwood Côté Lake ROSEBEL Quimsacocha MINE Development Project Expanding in Canada with high quality, long life asset 3
Slide 4: Transaction Highlights
Transaction Highlights IAMGOLD to acquire one of Canada’s largest high quality undeveloped gold projects Côté Lake’s Gold Mineral Resources1 Cut-off Grade 0.3 g/t 0.5 g/t Indicated 0.93Moz 0.81Moz Inferred 5.94Moz 5.26Moz Significantly expands IAMGOLD’s operating footprint in Canada, a stable jurisd
Slide 5: Transaction Overview
Transaction Overview Transaction Terms C$3.30 cash / Trelawney share Proposed Total transaction value of approximately C$505 million1 Transaction 36.6% premium based on 20-day volume weighted average price (“VWAP”)2 Structure Acquisition via Plan of Arrangement Trelawney shareholder vote (
Slide 6: Delivering on Growth Strategy
Delivering on Growth Strategy Expanding throughput at Essakane to achieve annual Building Value Expand & production of 300,000-350,000 ozs Optimize Expanding Rosebel to achieve annual production of Existing Mines 400,000-500,000 ozs Sadiola sulphide expansion to double mine life 11.3 5.8 Westwood on
Slide 7: Creating Value by Redeploying Capital
Creating Value by Redeploying Capital Divestiture of Non-Core Assets Increased Attributable Gold Resources1 Sale of non-operatorship assets P&P M&I (Exclusive) Inferred Sale of Tarkwa and Damang in Ghana for cash proceeds of $667 million Million ozs Sale of the Mupane gold mine in Botswana for total
Slide 8: Significant Long-life Potential
Significant Long-life Potential Optionality to Control Optimal Average Grade 1.09 140 (Inferred Resources only – 100% basis) 1.06 150 (Inferred Resources only) 1.03 5.26 Mozs 160 Grade (g/t) 1.00 170 Tonnes 0.97 180 5.66 Mozs 0.94 190 0.91 200 5.94 Mozs 0.88 210 6.02 Mozs 0.85 220 0.25 0.30 0.35 0.4
Slide 9: Targeted Project Development Timelines
Targeted Project Development Timelines 2011 Estimated 2012 2013 2014 2015 2016 2017 Future Attributable Operation Production Attributable (000oz) H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 Production (000oz) Mine optimization Rosebel Expansion of crushing Expanded Hard Rock Processing 385 & grinding capaci
Slide 10: Robust and Well Balanced Resource Base
Robust and Well Balanced Resource Base Attributable Mineral Resources1 By Region1 M&I Inferred 18% North America 40% Africa 11.3 42% South America 5.8 millions oz 18.2 19.1 35% North America 5.5 32% Proforma Africa 0.9 IAMGOLD Côté Lake Proforma 33% South America Source: Company disclosure 1Measured
Slide 11: Robust and Well Balanced Production Base
Robust and Well Balanced Production Base Attributable Production By Region 1,470-1,620 3% North America 2011 54% Africa 43% 000s oz 8961 South America Sadiola Mouska Current Essakane projects 200-3502 36% Côté Lake North America Rosebel 3 ~370 35% Proforma2,3 Africa 2011 Future Estimated Future Deve
Slide 12: Côté Lake Overview
Côté Lake Overview AuRico Good location, near infrastructure, halfway between Aggressive exploration underway with 11 drill rigs Timmins & Sudbury Established local infrastructure and access to skilled Future development can be funded internally labour force Significant exploration potential on larg
Slide 13: Côté Lake Mineral Resources
Côté Lake Mineral Resources Resource effective February 24, 2012 Based on 129 holes totaling 65,866 m Mineralization defined over a strike length of 1,200 m, widths between 100 – 300 m and a depth of more than 500 m Mineralized zone remains open along strike and at depth on all drilled sections Tonn
Slide 14: Côté Lake Development Path
Côté Lake Development Path Work to date has shown: Mineralization at Côté Lake occurs in intrusive rock types and breccias with the exception of the diabase dykes that post-date mineralization Environmentally, very low acid generation potential Overall high metallurgical gold recoveries of approxima
Slide 15: Financial Strength
Financial Strength Strong balance sheet Financial Position 2,013 Robust cash flow 2 Niobec facility 2 250 Sufficient liquidity / cash flow to fund 1 development of Côté Lake 500 Available credit $millions Further cost savings through tax 211 Bullion synergies $1B base shelf prospectus 1,052 Cash Zer
Slide 16: Closing Remarks
Closing Remarks Trelawney shareholders offered an immediate and attractive premium Premium recognizes current value and potential of Trelawney Strong strategic rationale and complementary fit for IAMGOLD IAMGOLD to leverage strong financial capability and excellent track record of mine development t
Slide 17: Notes Regarding Reserves and Resources
Notes Regarding Reserves and Resources Cautionary Note to Investors Concerning Estimates of Measured and Indicated Resources This presentation uses the terms "measured resources" and "indicated resources". We advise investors that while those terms are recognized and required by Canadian regulations
Slide 18: Acquisition of Trelawney Mining and Exploration
Acquisition of Trelawney Mining and Exploration Enhancing our Future Growth Profile April 27, 2012 401 Bay Street, Suite 3200 Toronto, ON M5H 2Y4 Canada 1-888-464-9999 www.iamgold.com INVESTOR RELATIONS Bob Tait, VP Investor Relations T: 416 360 4743 C: 647 403 5520 Laura Young, Director, Investor R