Iamgold Corporation · TSX:IMG
Iamgold — Technical Presentation (November 2018)
15 slides from Iamgold's technical presentation, Nov 2, 2018
Slide 1: Côté Gold Project Feasibility Study Conference Call
Côté Gold Project Feasibility Study Conference Call November 2, 2018 l TSX: IMG l NYSE: IAG l
Slide 2: Cautionary Statement
Cautionary Statement All information included in this presentation whether in narrative or chart form, 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 s
Slide 3: Technical Information and Qualified Persons
Technical Information and Qualified Persons The 2018 Côté Gold FS was prepared by both Wood and IAMGOLD Qualified Persons (QP’s) (as defined under National Instrument 43-101). Wood Qualified Persons are independent of IAMGOLD and have reviewed and approved this news release. The affiliation and area
Slide 4: Côté Gold Project
Ontario keySuoe rior’ _ akelhiuson) Michigan ichigan: 5 Oe Bay, ‘ote Gold Project kezOntario) 7 \ ¢ y S) IAMGOLD 500 kV Power line
Slide 5: A Key Milestone for IAMGOLD
A Key Milestone for IAMGOLD • Base Case: Aligned with the current permitting process. Based on 88% exploitation of Total Reserves • Extended: Adds two additional years without material expansion to the project’s footprint. Permit amendments may be required to raise Mine Rock Area and Tailings Manage
Slide 6: Mineral Resources – July 26, 2018
Mineral Resources – July 26, 2018 Attributable Tonnes Grade Contained Ounces Classification Contained Ounces (000) (g/t Au) (000) (000) Measured 171.9 0.96 5,310 3,438 Indicated 183.5 0.79 4,660 3,017 Measured & Indicated 355.4 0.87 9,970 6,455 Inferred 112.8 0.67 2,430 1,573 1 CIM Definition Standa
Slide 7: Total Mineral Reserves – July 26, 2018
Total Mineral Reserves – July 26, 2018 Contained IMG Attributable Tonnes Grade Classification Ounces Contained (millions) (g/t Au) (000) Ounces (000) Mineral Reserves within Base Case Mine Plan Proven 145.1 1.02 4,752 3,077 Probable 57.9 0.88 1,639 1,061 Proven & Probable 203.0 0.98 6,391 4,138 Mine
Slide 8: Evolution of Reserves and Resources
Evolution of Reserves and Resources IMG Attributable Reserves and Resources 10.0 1.0 9.0 0.9 8.0 0.8 7.0 0.7 Ore Grade (g/t Au) Ounces Au (Moz) 6.0 0.6 5.0 0.5 4.0 0.4 3.0 0.3 2.0 0.2 1.0 0.1 - - 2012.02 2012.10 2012 YE 2013 YE 2014 YE 2015 YE 2016 YE 2017 YE FS Prov+Prob. Rsrv Ounces M+Ind. Rsrce O
Slide 9: Robust Project Economics
Robust Project Economics FS (2018) Change from PFS PFS (2017) Base Case Extended Base Case Extended Mining Capacity 60 Mtpa 62 Mtpa 70 Mtpa + 2 Mtpa + 10 Mtpa Daily Milling Throughput 32kt 36kt 36kt + 4kt +4kt LOM Avg. Annual Production 320 koz 367 koz 372 koz + 47 koz + 52 koz Recovered Gold 5.4 Mo
Slide 10: Initial Capital Waterfall
Initial Capital Waterfall $1,225 $3.0 $1,200 $10.4 $18.0 $8.5 $1,175 $18.4 $9.5 $1,172 $1,150 $23.0 Capital Cost ($M) $70.2 $25.0 $1,147 $1,125 $25.0 $20.0 $1,100 $1,101 $64.4 $1,075 $1,050 $1,047 $1,025 $1,000 $975 $950 10
Slide 11: NPV Waterfall
NPV Waterfall $1,500 $1,450 $17 $1,400 $44 $139 $1,350 $47 $1,300 $124 $1,250 $135 $1,200 Projected NPV (USD M) $1,150 $87 $1,100 $65 $49 $1,050 $38 $1,000 $19 $18 $950 $538 $17 $900 $850 Notes: $905 $800 $750 5% discount rate applied $700 Leasing of mining equipment assumed at 3.5-4.0% lease rate $
Slide 12: Next Steps
Next Steps • Completion of various studies to further define site conditions as part of the design process 2015 2016 2017 2018 2019 2020 2021 Yr Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Qtr • Investment decision expected early 2019 Feasibility Study Constru
Slide 13: Execution Advantages
Execution Advantages • Site situated on continental divide with minimal overburden and access to bedrock for infrastructure construction • Site contains significant aggregate and burrow pits which will be used in the construction of infrastructure such as the TMF and crusher foundations • Mine pit g
Slide 14: De-Risking the Project
De-Risking the Project • Stage gate process adhered to including PEA, PFS and FS all supported by pro-active IAMGOLD and Sumitomo teams and Qualified Persons. • Fatal flaw review and improvement opportunities identified through extensive peer reviews. • Significant conversion of Reserves to “Proven”
Slide 15: Investor Relations Contacts
Ken Chernin Laura Young Martin Dumont VP, Investor Relations Director, Investor Relations Senior Analyst, Investor Relations T: 416-360-4743 T: 416-933-4952 T: 416-933-5783 l TSX: IMG l NYSE: IAG l