Iamgold Corporation · TSX:IMG
Iamgold — Denver Gold Forum 2014
24 slides from Iamgold's conference presentation, Sep 14, 2014
Slide 1: Denver Gold Forum
Denver Gold Forum September 14-17, 2014 Steve Letwin President & CEO . TSX: IMG NYSE: IAG
Slide 2: Cautionary Statement on Forward-Looking Information
Cautionary Statement on Forward-Looking Information 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 state
Slide 3: IAMGOLD's High Quality, Long-Life Assets
IAMGOLD’s High Quality, Long-Life Assets YATELA SADIOLA Senegal ESSAKANE Mali Boto WESTWOOD Siribaya NIOBEC Burkina Faso Val d’Or Suriname Colombia Côté Gold ROSEBEL Brazil Peru Niobium Mine GOLD Mines Development Project Pitangui Advanced Exploration Exploration Office Five Gold Mines: 2014 Product
Slide 4: Priorities
Priorities Cost Reduction Capital Discipline Cash Preservation Focused on Economic Returns 4
Slide 5: All-In Sustaining Costs Continue to Improve
All-In Sustaining Costs1 Continue to Improve 1,600 1,373 All figures in $/oz. sold 1,400 1,334 1,288 1,273 1,286 1,200 1,2513 1,216 1,242 1,198 1,136 1,000 800 600 400 200 0 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 2 ` Total Cash Costs Average Realized Gold Price 1 This is a non-GAAP measure. Refer t
Slide 6: Liquidity
Liquidity $1,047 250 $millions 500 177 120 As of June 30, 2014 Cash & cash equivalents Gold bullion at market Unused credit facility Unused Niobec credit facility The Company has $650 million of senior unsecured notes due October 2020. 6
Slide 7: Outlook for the Second Half
Outlook for the Second Half Expect higher gold production and lower costs Grade improvement at Rosebel and Essakane Westwood ramping up Continued strong performance at Niobec Encouraging exploration results 7
Slide 8: Reinventing Rosebel - Suriname
Reinventing Rosebel - Suriname New power agreement in 2013 reduces rate from $0.21/kWh to $0.14/kWh Solar power project completed Q3’14 Improving mining and processing productivity Implementing measures to improve grades – expected to improve in H2 Joint venture targeting higher-grade, sof
Slide 9: Essakane Focused on Mine Optimization – Burkina Faso
Essakane Focused on Mine Optimization – Burkina Faso Expansion completed 2013 Commissioned new processing line Q1’14 Grades expected to increase H2 Expect 25% production increase in 2014 from 2013 Focused on achieving cost effective power solutions Moving ahead with solar power project
Slide 10: Production Ramping up Westwood - Canada
Production Ramping up Westwood - Canada High grade underground mine in the Abitibi Gold Belt › Average resource grade >10g/t Au Commenced commercial production July 1, 2014 Production ramping up Cash costs expected to trend downwards, averaging $750 - $850/oz. Evaluating production profile
Slide 11: Focused on Revitalization Strategy for Sadiola – Mali
Focused on Revitalization Strategy for Sadiola– Mali Transitioning to hard rock Expansion required to accommodate hard rock processing Reliable, long-term supply of low-cost power critical to expansion project Outlook › Priorities aligned with government and continuing to collaborate with othe
Slide 12: Reviewing Strategic Options for Niobec – Quebec
Reviewing Strategic Options for Niobec – Quebec Niobium is a scarce metal that strengthens and lightens the weight of steel products for automotive, One of the world’s top three niobium pipeline and infrastructure applications producers 2013 a record year 5.3 Mkg niobium $18/kg operating mar
Slide 13: De-risking Côté Gold Continues
De-risking Côté Gold Continues Rail Timmins Completed more than 14,000m in Roads Power lines Q2’14 of definition drilling with view to bring resource to feasibility level CN Rail 500 kV › Key objective is to better 101 Power line Côté Gold 144 Chapleau Property 115 kV understand the controls on gr
Slide 14: Greenfield: Pitangui Project, Brazil
Greenfield: Pitangui Project, Brazil Sâo Sebastiâo gold deposit located in the prolific Iron Quadrangle April 2014 – declared maiden inferred resource of 0.64 Moz at 4.88 g/t Au June 2014 – confirmed mineralization continuity of the known resource and new high-grade intersections in a second z
Slide 15: Greenfield: Boto Gold Project, Senegal
Greenfield: Boto Gold Project, Senegal July 2013 – declared initial indicated resource estimate of 1.1 Moz at 1.62 g/t Au Based on 423 drill holes, totaling 56,832 metres April 2014 – ongoing drilling confirms continuity of resource and extends mineralization associated with largest deposit
Slide 16: Joint Venture Project Updates
Joint Venture Project Updates Monster Lake (Quebec) with Tomagold Corporation › Positive drill results confirm presence of high-grade mineralization › Numerous high-grade intervals from previous exploration (25 to +30 g/t Au) › Ongoing exploration targeting 4-km long mineralized trend Eastern Bo
Slide 17: Resource Development and Brownfield Exploration
Resource Development and Brownfield Exploration ROSEBEL ESSAKANE Focused on increasing inventory of Drilling continues to upgrade transitional and soft rock – results to existing inferred resources and to be included in resource models evaluate potential extensions Drilling underway east and s
Slide 18: Catalyst Strategies
Catalyst Strategies Continue reducing all-in sustaining costs Reinvent Rosebel through softer rock Optimize Essakane as it ramps up production Westwood commercial production ramping up Sadiola expansion dependent on reliable power Continue to review strategic options for Niobec Advance promis
Slide 19: Why invest in IAMGOLD?
Why invest in IAMGOLD? Diversified portfolio of long-life producing gold mines Unique niobium asset with history of consistent profitability New producing gold mine with resource grade averaging 10 g/t Au Optimizing economic returns with optionality for growth Exploration pipeline of selec
Slide 20: Appendix
Appendix CORPORATION
Slide 21: Attributable gold production
2014 Guidance Guidance Revised Guidance Rosebel (000s oz.) 330 - 350 gold production Attributable Essakane (000s oz.) 315 - 330 Doyon division (000s oz.)1 100 - 120 Total owner-operated production (000s oz.) 745 - 800 Joint ventures (000s oz.) 90 - 100 Total attributable production (000s oz.) 835 -
Slide 22: 2014 Capital Expenditure Outlook
2014 Capital Expenditure Outlook1 Development/ ($ millions) Sustaining Expansion Total Rosebel 90 30 120 Essakane 70 35 105 Westwood 35 55 90 Côté Gold - 15 15 Total owner-operated gold 195 135 330 Niobec 20 30 50 Total consolidated 215 165 380 Joint ventures – Sadiola2 10 10 20 Total 225 175 400 1
Slide 23: 2013 Reserves and Resources
2013 Reserves and Resources1 As of December 31, 2013 2013 Change 2012 Gold (000s attributable oz. contained) Total proven and probable mineral reserves 10,127 (11%) 11,327 Total measured and indicated mineral resources 2,3 23,408 4% 22,603 Total inferred resources 6,299 3% 6,093 Niobium (millions of
Slide 24: Investor Relations
Investor Relations info@iamgold.com Bob Tait Laura Young Penelope Talbot-Kelly VP, Investor Relations Director, Investor Relations Analyst, Investor Relations T: 416-360-4743 T: 416-933-4952 T: 416-933-4738 TSX: IMG NYSE: IAG