Iamgold Corporation · TSX:IMG

Iamgold — Investor Presentation (March 2011)

42 slides from Iamgold's investor presentation, March 2011

  1. Slide 1: Corporate Presentation

    CORPORATE PRESENTATION March, 2011 Steve Letwin President & Chief Executive Officer 1

  2. 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

  3. Slide 3: Zero Harm

    Zero Harm IAMGOLD’s Health, Safety and Sustainability performance ranks 3rd in top 60 Canadian companies HEALTH & SUSTAINABILITY SAFETY Framework Framework Leadership Leadership Accountability Governance Stakeholder People Engagement Risk Performance Management Social Processes Stewardship Environme

  4. Slide 4: Corporate Overview

    Corporate Overview IAMGOLD’s growth is strategically focused in West Africa, select countries in South America and in the Canadian province of Québec  8 Gold mines  1 Niobium mine  Westwood Development project  20+ Exploration projects  Commitment to growth 4

  5. Slide 5: Solid Financial Position

    Solid Financial Position Financial Position Millions $ Dec. 31, Dec. 31, millions $ 2010 2009 $800 $761 Cash & Cash $700 270.8 191.4 Equivalents $613 $593 $600 $578 350 Gold Bullion at 140.5 108.7 $500 Market 332 $400 350 350 Unused Credit 350.0 122.6 Facility $300 $200 411 Subsequent events in Febr

  6. Slide 6: Competitive Advantages

    Competitive Advantages  Superb senior leadership  Proven operational expertise  Strong balance sheet  Base of world-class mines  Experienced in key regions with good growth potential  Technically strong and mobile workforce 66

  7. Slide 7: Strategic Focus

    Strategic Focus BROWNFIELD GREENFIELD OPPORTUNITIES OPPORTUNITIES ESSAKANE (90%), EXPLORATION AT MINES WE OPERATE ROSEBEL (95%) & & FUTURE WESTWOOD (100%) ACQUISITIONS TARKWA & NIOBEC (100%) DAMANG (18.9%) SADIOLA (41%) NIOBIUM MINE & YATELA (40%) WORKING INTERESTS IN GHANA JOINT VENTURES IN MALI OP

  8. Slide 8: Low cost operating model

    Low cost operating model IAMGOLD Mining Costs versus Regional Peers ($/tonne) $6 5.21 $5 $4 3.72 3.50 2.90 $3 2.74 2.52 2.54 2.58 $2 1.80 1.91 1.50 1.60 1.60 1.70 1.70 1.35 $1 0.85 0.93 $0 Based on IAMGOLD data and publicly available 2010 disclosure. 8

  9. Slide 9: Market Capitalization vs. Gold Production

    Market Capitalization vs. Gold Production (Billions $) Adjusted Market Cap (MC) of IAMGOLD vs. peers with 1 million+ ounce production1 MC/Prod. Market cap ($/oz) (billions $) IAMGOLD Market cap1 8.23 60 14,700 15,000 Less: Niobec 1.0 10,000 39.9 40 10,000 Minority Interests 0.7 8,500 7,000 Cash 0.4

  10. Slide 10: Focus on Growth

    Focus on Growth ROSEBEL (95%) ESSAKANE (90%) WESTWOOD (100%) 10

  11. Slide 11: Rosebel Suriname

    Rosebel SURINAME IMG Ownership: 95%  Record quarterly production of 119,000 ozs and AttributableReserves & Resources (oz) annual production of 395,000 ozs in 2010 P&P Reserves1 5,892,000  Contributes 40+% of attributable production M&I Resources2 7,531,000 Inferred Resources 609,000  Fourth mine

  12. Slide 12: Rosebel Expansion

    Rosebel Expansion Current configuration: Expansion: Result:  Throughput 12 Mtpa on soft rock;  Mill throughput maintained at  Reduces long-term fixed costs by <6Mtpa on hard rock 12-14 Mtpa (even with increased accelerating production  Strip ratio: 3+ hard rock volumes)  Cash flow brought forwa

  13. Slide 13: Rosebel Exploration

    Rosebel Exploration 2010 Greenfield exploration focused on Charmagne Discovery: Ore Bodies J-Zone  Aggressive exploration program Koolhoven Pay Caro & E. Pay Caro  10,387 m of core drilling in 76 holes Rosebel  Geology and resource modelling nearly completed Royal Hill  Metallurgical testwork in

  14. Slide 14: Essakane Burkina Faso

    Essakane BURKINA FASO IMG Ownership: 90% AttributableReserves & Resources (oz) P&P Reserves1 4,015,000 M&I Resources2 4,351,000 Inferred Resources 1,503,000 Attributable production (oz) 2010 122,000 LOM(E) 315,000 Cash Cost ($/oz) 2010 $429 Estimated Mine Life (years) 12+ 000s ozs Attributable Gold

  15. Slide 15: Essakane Expansion

    Essakane Expansion Current configuration: Expansion: Result:  Processing first 3 years of soft rock  Based on concept study, doubling  Reduces long-term fixed costs by at 9Mtpa; subsequent 9 years of the hard rock processing capacity to accelerating production hard rock at 5.4 Mtpa 10.8 Mtpa  Ca

  16. Slide 16: Essakane Exploration

    Essakane Exploration EMZ north extension EMZ East Dump Au≥ 117 ppb (in soils) West Dump Lay down Offices Air Strip Falagountou TSF EMZ South extension 16

  17. Slide 17: Westwood Canada

    Westwood CANADA IMG Ownership: 100% Resources (oz) Indicated Resources1 269,000 Shaft sinking Inferred Resources1 3,467,000  Q1’10 expenditures: $24.5M began Jul. ‘09  Shaft sinking reached over 770 m Estimated annual production (oz)  Ventilation raise boring at 125 m  1,350 m underground develo

  18. Slide 18: Niobec: Long Life, High Margin Producer

    Niobec: Long Life, High Margin Producer $/kg Niobec Consistent Operating Results Mkg  Has approximately 9% of the $40 1.6 world ferroniobium market $35 22 19 18 20 19 19 19 17 1.4  Excellent history of mineral $30 1.2 1.2 1.1 1.1 1.2 reserve renewal over 30 years of $25 1.0 1.0 1.0 1.0 operation 0

  19. Slide 19: Niobec: Plan View

    Niobec: Plan View GROWTH POTENTIAL Niobium ore body Rare earth elements Existing block model and shaft 19

  20. Slide 20: 2011 Exploration Outlook

    2011 Exploration Outlook 2011 greenfields budget: $43.5M  118,000 m drilling  46,425 m AC drilling at Essakane Essakane New drill targets and potential expansion of Essakane’s reserves & resources High priority target identifed south of Falagountou deposit Rosebel Regional Extensive exploration

  21. Slide 21: Mali – Kalana JV

    Mali – Kalana JV 2011 Budget - $7.9 million  387 km2 Mining Permit expires 2033 GUINEA  Avnel - IMG Option Agreement MALI signed August 2009 Kalanako  IAMGOLD can earn a 51% interest in Avnel’s Dadjan share of SOMIKA (80%); Malian Government High priority Kalana 60km² (20%)  $11M expenditure in

  22. Slide 22: Mali – Siribaya JV

    Mali – Siribaya JV 2011 Budget – C$3.0+ million Senegal  563 km2 land package  Maiden Resource Guemedji Trend  Indicated: 308Koz at 2.39 g/t Au Mali Boto  Inferred: 70Koz at 2.29 g/t Au (100% IMG) SiribayaTrend  Merrex - IMG Option Agreement Zone 1B Resource Area signed December 2008 Siribaya 

  23. Slide 23: Senegal – Daorala-Boto & Bambadji

    Senegal – Daorala-Boto & Bambadji Sabodala – 2 Moz Loulo – 6 Moz 315 km² in World-Class District DAORALA Yalea – 2.4 Moz Daorala-Boto: 100% IAMGOLD Massawa – 4.5 Moz Tabakoto – 2.8 Moz Gounkoto – 2.65 Moz  Boto located 25 km from Siribaya BAMBADJI JV  Established non-compliant mineral inventory Se

  24. Slide 24: Corporate Presentation – Contact

    CORPORATE PRESENTATION Contact: Bob Tait, VP Investor Relations 401 Bay Street, Suite 3200 Toronto, ON M5H 2Y4 Canada T: 416 360 4743 C: 647 403 5520 E: info@iamgold.com 24

  25. Slide 25: Appendix

    # IAMGOLD’ CORPORATION APPENDIX

  26. Slide 26: Planned Capital Expenditures

    Planned Capital Expenditures millions $ 400 350 25 300 54 250 191 132 200 92 150 23 38 100 139 146 98 13 50 95 20 13 39 5 16 22 4 15 0 Essakane Westwood Sadiola Rosebel Niobec Mupane Other 2011 2012 2013 26

  27. Slide 27: 2011 Capital Expenditures

    2011 Capital Expenditures Westwood - $146M  Deepening shaft  Developing drift levels for future mining 2011 Planned Capital Expenditures of Essakane - $139M $460M  Exapnsion construction to start in Q4’11 (in millions $) based on favourable outcome to expansion feasibility study $146 Rosebel - $9

  28. Slide 28: Production Gold Profile

    Production Gold Profile 3-Year Production Profile of IAMGOLD-Operated Mines 000s ounces 1,000 900 800 380-400 700 370-390 600 310-330 Essakane 122 Rosebel 500 Westwood 400 360-380 Mouska Mupane 300 395 360-380 395-410 200 130-150 100 33 25-30 57 55-60 30-35 40-45 15-25 0 2010 Actual 2011 Forecast 20

  29. Slide 29: 2011 Guidance

    2011 Guidance 2010 Actual 2011 Guidance Gold Production (000 oz) 967 1,100-1,200 Cash Costs (US$/oz) 574 565-595 Niobium Production (Mkg) 4.4 4.5-5.0 Niobium Operating Margin (US$/kg) 18 15-17 29

  30. Slide 30: IAMGOLD’s Mining Interests

    IAMGOLD’s Mining Interests 2009 2010 Actual 2010 Gold Geographic IAMGOLD Operator Production Production Cash cost1 Mines Location Ownership (000oz) (000oz) ($/oz) Rosebel IAMGOLD Suriname 95% 392 395 484 Essakane IAMGOLD Burkina Faso 90% - 122 429 Mupane IAMGOLD Botswana 100% 51 57 941 Doyon Div. IA

  31. Slide 31: Reserves & Resources Growth

    Reserves & Resources Growth Continued Reserves & Resources Growth Moz Moz Moz Attributable Proven and Attributable Measured & Attributable Probable Reserves 1 22 22 Indicated Resources 9 Inferred Resources 1.6 Moz 20 20 +8% 8 18 18 7 16 1.9 Moz 16 +13% 14 14 6 12 12 5 21.4 8.9 10 10 19.8 4 8.0 8 16.

  32. Slide 32: Sadiola Mali

    Sadiola MALI IMG Ownership: 41% JV Partner: AngloGold Ashanti (41%) Attributable Reserves & Resources (oz) P&P Reserves1 2,297,000 M&I Resources2 3,481,000 Inferred Resources 991,000 Attributable Production (oz)  ‘Back to Basics’ safety initiative 2010 118,000  Promising results from $15M 2009 135

  33. Slide 33: Sadiola Sulphide Project

    Sadiola Sulphide Project  Soft ore mining from current pits scheduled to end in 2016  IMG-driven Prefeasibility Study approved Oct. 2009  Different ‘vision’ than prior studies: owner mining, simpler processing, power from grid, higher gold price  Finish Joint Feasibility Study  Negotiations for

  34. Slide 34: Sadiola Sulphide Project

    Sadiola Sulphide Project  Resource definition drilling campaign (7,850 m)  Condemnation drilling campaign (2,900 m RC)  Inferred resources converted to measured and indicated  New hard rock plant required to complement existing facility:  Flexible plant arrangement based on ore feed  Test work

  35. Slide 35: Yatela Mali

    Yatela MALI IMG Ownership: 40% JV Partner: AngloGold Ashanti (40%) Attributable Reserves & Resources (oz) P&P Reserves1 78,000 M&I Resources2 129,000 Inferred Resources 49,000 Attributable Production (oz) 2010 60,000  Drilling extended mine life to at least 2011 2009 89,000  Exploring Yatela, Alam

  36. Slide 36: Tarkwa Ghana

    Tarkwa GHANA IMG Ownership: 18.9% JV Partner: Gold Fields Ltd. (71.1%) Reserves & Resources (oz) P&P Reserves1 1,863,000 M&I Resources2 2,409,000 Inferred Resources 486,000 Attributable Production (oz) 2010 139,000  Long life open pit mine 2009 125,000  New tailings storage facility added Cash Cos

  37. Slide 37: Damang Ghana

    Damang GHANA IMG Ownership: 18.9% JV Partner: Gold Fields Ltd. (71.1%) Reserves & Resources (oz) P&P Reserves1 401,000 M&I Resources2 632,000 Inferred Resources 260,000 Attributable Production (oz) 2010 43,000 2009 38,000 Cash Cost ($/oz)  Aggressive exploration extended mine life to at least 2020

  38. Slide 38: Mupane Botswana

    Mupane BOTSWANA IMG Ownership: 100% Attributable Reserves & Resources (oz) P&P Reserves1 130,000 M&I Resources2 238,000 Inferred Resources 77,000 Attributable Production (oz) 2010 57,000 2009 51,000  Working with local management to maximize cash flows going forward Cash Cost ($/oz)  Benefit from

  39. Slide 39: Mouska Canada

    Mouska CANADA IMG Ownership: 100% Reserves & Resources (oz) P&P Reserves1 73,000 M&I Resources2 272,000 Inferred Resources 529,000 Attributable Production (oz) 2010 33,000 2009 109,000  Began processing stock-piled ore in September ’10 Cash Cost ($/oz)  Paste backfill from Doyon paste plant 2010 $

  40. Slide 40: Acquisitions

    Acquistions Primary focus on known regions including West Africa, South America and Canada:  Regional Continuity  Social & Fiscal Stability  Long-Term Prospectivity & Opportunities Target: 150,000+ ounces of gold per year, 2Moz+ reserves 40

  41. Slide 41: Senior Management Team

    Senior Management Team STEVE LETWIN GORDON STOTHART CAROL BANDUCCI LARRY PHILLIPS President & CEO EVP & COO EVP & CFO EVP, Corporate Affairs MIKE DONNELLY PAUL OLMSTED JEFF SNOW LISA ZANGARI SVP, Exploration SVP, Corp.Development SVP, General Counsel & SVP, Human Resources Corporate Secretary 41

  42. Slide 42: Contact: Bob Tait, VP Investor Relations

    Contact: Bob Tait, VP Investor Relations 401 Bay Street, Suite 3200 Toronto, ON M5H 2Y4 Canada T: 416 360 4743 C: 647 403 5520 E: info@iamgold.com 42

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