Iamgold Corporation · TSX:IMG
Iamgold — Deutsche Bank's 25th Annual Leveraged Finance Conference 2017
21 slides from Iamgold's conference presentation, Oct 4, 2017
Slide 1: Deutsche Bank's 25th Annual Leveraged Finance Conference
Deutsche Bank’s 25th Annual Leveraged Finance Conference October 2-4, 2017 ALBERTO NUNEZ - VP, TREASURER Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l
Slide 2: Cautionary Statement
Cautionary Statement 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 statements of historical fact, const
Slide 3: Geographically Diverse & Balanced Over 3 Continents
Geographically Diverse & Balanced Over 3 Continents IAMGOLD Attributable Measured and Indicated Resources As at December 2011 NORTH AMERICA Westwood Côté Gold 54% 43% South Monster Lake Africa America Nelligan WEST AFRICA Essakane Sadiola CENTRAL AMERICA Boto Gold Eastern Borosi 3% Siribaya North Am
Slide 4: Stakeholder Value is on The Rise
Stakeholder Value is on The Rise IAG Share Price (NYSE) $8.0 5% $106.0 IMG Bond Price Gold Spot Price $104.0 $6.0 55% $102.0 $/share $/bond $4.0 $100.0 11% $2.0 $98.0 $0.0 $96.0 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 MID-TIER GOLD 13.2M OZ IN GEOGRAPHICALLY GROWTH STRONG BALA
Slide 5: A Balanced Business Model
A Balanced Business Model Short Cycle Long Cycle ROSEBEL MINE CÔTÉ GOLD PROJECT • SARAMACCA • JOINT-VENTURE • MINE PLAN OPTIMIZATION ESSAKANE MINE BOTO, PITANGUI, • HEAP LEACHING SIRIBAYA • FALAGOUNTOU • WHOLLY-OWNED EXPLORATION PROJECTS WESTWOOD MINE • PRODUCTION EASTERN BOROSI, RAMP-UP MONSTER LAK
Slide 6: 2017 Production and Cost Guidance
2017 Production and Cost Guidance 2017 Guidance4 Essakane (000s oz.) 370 – 380 Rosebel (000s oz.) 295 – 305 Westwood (000s oz.) 115 – 125 Total owner-operated production (000s oz.) 780 – 810 Joint ventures (000s oz.) 65 – 75 Total attributable production (000s oz.) 845 – 885 Cost of sales1 ($/oz.) $
Slide 7: YTD June – Strong Operational and Financial Performance
YTD June – Strong Operational and Financial Performance* (In $ millions, except for per share and $/oz amounts) YTD June ‘16 YTD June ‘17 Variance (%) Attributable production (000s oz) 388 437 13% Attributable sales (000s oz) 378 431 14% Cost of sales ($/oz)1 816 768 (6%) Total cash costs ($/oz)2 75
Slide 8: Capital Structure
Capital Structure Equity Debt IMG CDN Equity (as at Sep 28, 2017) IAMGOLD 7% callable bonds - maturity date April 15, 2025 Price: $7.88 Rating: Moody’s: B1 (CRP)/B2 (Note) positive outlook Market Cap: $3.66B S&P: B+ 52 Wk High: $8.87 Rank: Senior Unsecured 52 Wk Low: $4.18 Amount O/S: $400M as of Ma
Slide 9: Leveraging Existing Asset Base
Leveraging Existing Asset Base Optimizing Operations & Organic Growth Opportunities
Slide 10: Attributable Reserves (M oz)
IAMGOLD Reserves up 69% from December 2016* 14 13.2 11.6 Rosebel adds 12 another 1.6 M oz Attributable Reserves (M oz) 1,2,3,4,5,6 Côté Gold 10 adds 3.8M oz 8 7.8 6 4 2 0 Dec.31 2016 June 2017 July 2017 *Reserve numbers included on this slide have been rounded 1. Reserves for all sites except Sadiol
Slide 11: Rosebel – Significant Transformational Achievements
Rosebel – Significant Transformational Achievements Suriname (95%) Increased Reserves & Resources • 80% increase in reserves announced July 2017 bringing Rosebel’s 80% attributable reserves at Rosebel to 3.5M oz increase in reserves • M&I resources (includes reserves) up 55% to 8.9Moz will extend mi
Slide 12: Consolidating Prospective Land Packages Around Rosebel
Consolidating Prospective Land Packages Around Rosebel 12
Slide 13: Essakane – Driving Transformational Change
Essakane – Driving Transformational Change Burkina Faso (90%) Falagountou Deposit • Western portion increased Essakane’s indicated resource by 14% Updated resource or 600,000 oz est. for Fala East • Eastern portion has potential to increase resources with low- cost, high-grade saprolite ore expected
Slide 14: Numerous Prospects Near Essakane
Numerous Prospects Near Essakane 14
Slide 15: Westwood – Ramping up to Full Production
Westwood – Ramping up to Full Production Quebec (100%) Underground Development is On Target March 2017 • Completed 25 km of underground development in 2016 – Quebec regulators averaging 74 meters per day approved reopening of • Underground development continuing to open access to new mining areas mi
Slide 16: Development Pipeline
Development Pipeline Development & Exploration
Slide 17: Côté Gold - Advancing Towards Development
Côté Gold - Advancing Towards Development Ontario (70%) Joint Venture with Sumitomo Metal Mining1 • Completed sale of 30% interest in Côté Gold Project to SMM for $195M • SMM is well funded with extensive technical expertise • Common interest in developing Côté and pursuing future opportunities • IM
Slide 18: Strong Exploration Pipeline for Continuous Growth
Strong Exploration Pipeline for Continuous Growth Boto Gold Pitangui Diakha-Siribaya Wholly Owned • Expanding Malikoundi • Sao Sebastiao deposit in • Mali, consolidated deposit in Senegal Brazil ownership • Technical studies ongoing • Ongoing technical • Expanding resources • Targeting resource upda
Slide 19: Production: A Story of Transformation
A Story of Transformation 250K oz $1,300/oz Sadiola Mine Westwood Rosebel Essakane AISC $1,200/oz 200K oz $1,100/oz Production 150K oz $1,000/oz AISC 100K oz $900/oz $800/oz 50K oz $700/oz 0K oz $600/oz Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 SIGNIFICANT ACHIEVEMENTS ON-GOING MIN
Slide 20: A Story To Be Continued
A Story To Be Continued Targeting 25% growth in production by 2020 through organic growth opportunities Future Growth Options Further expansion at Westwood mines and exploration projects in the pipeline Producing at full capacity in Côté Gold 2019 Development Rosebel Further Consolidation Essakane H
Slide 21: Empowering People, Extraordinary Performance
Ken Chernin Laura Young Shae Frosst VP, Investor Relations Director, Investor Relations Associate, Investor Relations T: 416-360-4743 T: 416-933-4952 T: 416-933-4738 Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l
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