Iamgold Corporation · TSX:IMG

Iamgold — Q1 2023 Earnings Presentation

24 slides from Iamgold's earnings presentation, May 12, 2023

  1. Slide 1: First Quarter 2023 Financial & Operating Results Conference Call

    FIRST QUARTER 2023 RESULTS First Quarter 2023 Financial & Operating Results Conference Call TSX: IMG l NYSE: IAG May 12, 2023 www.iamgold.com TSX: IMG l NYSE: IAG l www.iamgold.com

  2. Slide 2: Cautionary Statement

    FIRST QUARTER 2023 RESULTS Cautionary Statement CAUTIONARY STATEMENT REGARDING 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 expectation

  3. Slide 3: Technical Information and Qualified Persons

    FIRST QUARTER 2023 RESULTS Technical Information and Qualified Persons CAUTIONARY NOTE TO U.S. INVESTORS REGARDING DISCLOSURE OF MINERAL RESERVE AND MINERAL RESOURCE ESTIMATES The mineral resource and reserve estimates contained in this presentation have been prepared in accordance with NI 43-101 an

  4. Slide 4: Highlights

    FIRST QUARTER 2023 RESULTS Highlights CORPORATE & STRATEGIC Côté Gold financed through construction and ramp up • Received proceeds of: $386.4 million for the sale of Rosebel1 and $197.6 million (pre-tax) for sale of Senegal assets2 • Funding agreement3 on Côté Gold saw Sumitomo Metal Mining contrib

  5. Slide 5: Q1 Operational Overview

    FIRST QUARTER 2023 RESULTS Q1 Operational Overview (all operations) OPERATING RESULTS 2023 Q1 2023 Q1 2022 GUIDANCE PRODUCTION Essakane (90%) koz 92 112 340 – 380 Gold production (attr.) of 113,000 ounces • Essakane production higher than expected due to continuing high grades Westwood (100%) koz 21

  6. Slide 6: Essakane

    FIRST QUARTER 2023 RESULTS Essakane (100% basis, unless otherwise stated) Q1 2023 Q1 2022 Ore mined kt 1,657 3,832 Q1 2023 OPERATIONAL REVIEW Material mined – total kt 6,285 15,178 Attributable production of 92,000 ounces Strip ratio w:o 2.8 3.0 Ore milled kt 2,175 3,162 Cash costs of $964/oz and AI

  7. Slide 7: Westwood Complex

    FIRST QUARTER 2023 RESULTS Westwood Complex (100% basis, unless otherwise stated) Underground lateral development metres Q1 2023 1,494 Q1 2022 848 Ore mined – underground kt 68 63 Q1 2023 OPERATIONAL REVIEW Ore mined – other sources kt 193 159 Attributable production of 21,000 ounces Ore milled kt 2

  8. Slide 8: Côté Gold: Quarterly Progress Report as at Mar 31, 2023

    FIRST QUARTER 2023 RESULTS Côté Gold: Quarterly Progress Report as at Mar 31, 2023 ACTIVITIES UPDATE 79.8% $158.6M $1.37B project completion incurred in Q1 20231 incurred to date1 • Project expenditures (@70%) incurred $158.6 million in Q1 2023 (at CADUSD rate of 1.35). • Health and safety: Total pr

  9. Slide 9: Côté Gold

    FIRST QUARTER 2023 RESULTS Côté Gold High Voltage Substation – April 2023 Processing plant interior – April 2023 CAT electric shovel – April 2023 Process Plant – April 2023 CAT793 Haul Truck – April 2023 Côté Pit – April 2023 9

  10. Slide 10: Côté Gold: Upcoming Milestones

    FIRST QUARTER 2023 RESULTS Côté Gold: Upcoming Milestones 2022 2023 2024 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 TMF Phase I Q2/23 Earthworks TMF Phase II Q3/23 Overburden Removal Q3/23 AHS Control Room Q4/22 Mining IAG Fleet to Support Earthworks  Q2/23 Ore Stockpile Build-Up Q4/23 HPGR Foundation  Q4/

  11. Slide 11: Côté Gold: Gosselin

    FIRST QUARTER 2023 RESULTS CÔTÉ GOLD PROJECT – MINERAL RESERVES & RESOURCES (2022)2,3,4 Côté Gold: Gosselin Tonnes Grade Contained Attributable Contained Classification (millions) (g/t Au) (Moz Au) (Moz Au) 15,500 m drilling campaign in 2023 to expand Gosselin mineralization Côté Gold Deposit • Assa

  12. Slide 12: Financial Review

    FIRST QUARTER 2023 RESULTS Financial Review 12 Photo courtesy of Wärtsilä – Hybrid Solar/Thermal Plant at Essakane

  13. Slide 13: Strategic Transactions

    FIRST QUARTER 2023 RESULTS Strategic Transactions ASSET SALES1 Rosebel/Saramacca • Sale to Zijin Mining completed on Jan 31, 2023 • Received $386.4M ($360M sales proceeds + $29.8M cash held – w/c adjustments) with additional $9.8M to be received by June 30, 2023 Bambouk assets (Boto, Karita, Diakha)

  14. Slide 14: Financial Results

    FIRST QUARTER 2023 RESULTS Financial Results Q1 FINANCIAL REVIEW (CONTINUING OPS) FINANCIAL HIGHLIGHTS – continuing operations Gold revenues of $226.2 million from sales of 119,000 ounces (109,000 ounces (In $ millions, unless otherwise stated) Q1 2023 Q1 2022 attributable) at realized average price

  15. Slide 15: Liquidity + Funding Summary

    FIRST QUARTER 2023 RESULTS Liquidity + Funding Summary LIQUIDITY & FUNDING LIQUIDITY (as at Mar 31, 2023) Funding estimates +$282 Total liquidity1 of $789.4 million +$257 $789 Cash and equivalents of $532.1 million • $261 million of cash and cash equivalents held by Côté Gold and Essakane $ million

  16. Slide 16: Graeme Jennings, VP, Investor Relations

    FIRST QUARTER 2023 RESULTS Graeme Jennings, VP, Investor Relations 416-388-6883 TSX: IMG l NYSE: IAG l www.iamgold.com 16

  17. Slide 17: Appendix

    FIRST QUARTER 2023 RESULTS Appendix 17

  18. Slide 18: Gold Mineral Reserves – 100% Basis

    FIRST QUARTER 2023 RESULTS Gold Mineral Reserves – 100% Basis As of December 31, 2022 PROVEN PROBABLE TOTAL RESERVES Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces DEPOSIT Type* Location (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) Rosebel 1,6 OP Suriname 8,890 0.6

  19. Slide 19: Gold Mineral Reserves – Attributable

    FIRST QUARTER 2023 RESULTS Gold Mineral Reserves – Attributable As of December 31, 2022 PROVEN PROBABLE TOTAL RESERVES Effective Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces DEPOSIT Location Ownership (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) Rosebel 1,6 95% Su

  20. Slide 20: Gold Mineral Resources – 100% Basis

    FIRST QUARTER 2023 RESULTS Gold Mineral Resources1,2 – 100% Basis (Measured & Indicated Resources are inclusive of Proven & Probable Reserves) As of December 31, 2022 MEASURED INDICATED MEASURED + INDICATED INFERRED Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces DEPO

  21. Slide 21: Gold Mineral Resources – Attributable

    FIRST QUARTER 2023 RESULTS Gold Mineral Resources1,2 – Attributable (Measured & Indicated Resources are inclusive of Proven & Probable Reserves) As of December 31, 2022 MEASURED INDICATED MEASURED + INDICATED INFERRED Effective Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade

  22. Slide 22: Notes to the Gold Mineral Resources Statement

    FIRST QUARTER 2023 RESULTS Notes to the Gold Mineral Resources Statement 1 In mining operations, Measured Mineral Resources and Indicated Mineral Resources that are not Mineral Reserves are considered uneconomic at the price used for Mineral Reserve estimations but are deemed to have a reasonable pr

  23. Slide 23: Notes

    FIRST QUARTER 2023 RESULTS Notes 23

  24. Slide 24: Graeme Jennings, VP, Investor Relations

    FIRST QUARTER 2023 RESULTS Graeme Jennings, VP, Investor Relations 416-388-6883 TSX: IMG l NYSE: IAG l www.iamgold.com

IAMGOLD — Q1 2023 Earnings Presentation on 6ix