Slide 1: IAMGOLD Q2 2017 Results
IAMGOLD Q2 2017 Results August 10, 2017 Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l
Slide 2: Management Participants
Management Participants Steve Letwin President & Chief Executive Officer “counties tanaavaieantrehat opening oe nnn “ceumun even <ce-veseatns tse inninnaninniiniiinininnaennt _. tan <cscaenn ners ren, snes psa enn James Collie Vice President & Corporate Controller Ken Chernin Vice President, Investo
Slide 3: 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 4: Balanced Business Model
Balanced Business Model Short-Cycle Capacity Long-Cycle Capacity 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, RAM
Slide 5: Enhancing Value One Step at a Time: Rosebel
Enhancing Value One Step at a Time: Rosebel Additional Exploration - Sarafina property Saramacca - Overman deposit Maiden resource estimate September 2017 Mine Optimization 80% reserve increase extends mine life to 2028 July 2017 4
Slide 6: Enhancing Value One Step at a Time: Essakane
Enhancing Value One Step at a Time: Essakane Satellite Prospects Additional potential to Heap Leaching extend mine life Potential to add 3-5 years to - Gossey mine life Falagountou - Korezena Low-cost method for processing marginal and low- - Tassiri West – commenced mining grade ore, including stoc
Slide 7: Financial Review
IAMGOLD’ CORPORATION 38 ACD RO HNO A TS. SS rail
Slide 8: Q2 – Strong Operational and Financial Performance
Q2 – Strong Operational and Financial Performance* (In $ millions, except for per share and $/oz amounts) Q2’16 Q2’17 Variance (%) Attributable production (000s oz) 197 223 13% Attributable sales (000s oz) 187 219 17% Cost of sales ($/oz)1 805 767 (5%) Total cash costs ($/oz)2 756 735 (3%) AISC ($/o
Slide 9: Adjusted Net Earnings
Adjusted Net Earnings1 (In $ millions, except for per share amounts) Q2’17 Net earnings attributable to equity holders 506.5 Reversal of impairment charges (524.1) Gain on sale of a 30% interest in the Côté Gold Project (19.2) Other (0.7) Tax adjustment 41.8 1 Adjusted net earnings attributable to e
Slide 10: Outstanding Derivative Hedge Contracts
Outstanding Derivative Hedge Contracts1 2017 2018 2019 2020 Foreign Currency Canadian dollar contracts (millions of C$) 78 155 Contract rate range (C$/$) 1.30 - 1.40 1.30 - 1.45 Hedge ratio 75% 52% Euro contracts (millions of €) 63 93 Contract rate range ($/€) 1.00 - 1.20 1.08 - 1.19 Hedge ratio 48%
Slide 11: Total Liquidity $1,023M
Liquidity1 Cash and cash equivalents $776M Available credit facility $247M Total Liquidity $1,023M 1 As at June 30, 2017 10
Slide 12: Operations
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Slide 13: Q2'17 Production & Costs Summary
Q2’17 Production & Costs Summary Attributable Cost of Sales1 Total Cash AISC2 Production ($/oz sold) Costs2 ($/oz sold) (oz) ($/oz produced) Essakane 101,000 $750 $698 $922 Rosebel 74,000 $752 $722 $923 Westwood 33,000 $843 $800 $995 Sadiola 14,000 -- $898 $936 Total 223,000* $767 $735 $975 *Include
Slide 14: Essakane – Burkina Faso
Essakane – Burkina Faso (90%) Q2 Highlights Q2’17 Actuals • Attributable production up 13% Attributable gold production 101,000 • 24% increase in throughput despite 85% hard rock content with mill currently performing 30% above nameplate capacity TCC1 $698 • Lower grades due to mine sequencing AISC1
Slide 15: Rosebel – Suriname
Rosebel – Suriname (95%) Q2 Highlights Q2’17 Actuals • Attributable production and throughput flat while hard rock increased from 36% to 42% Attributable gold production 74,000 • Mining activity up 20% due to mine sequencing and less rainfall TCC1 $722 than expected AISC1 $923 • AISC down 12% due to
Slide 16: Westwood – Quebec
Westwood – Quebec (100%) Q2 Highlights • Attributable production doubled from previous year Q2’17 Actuals • Lower unit costs due to higher production Attributable gold production 33,000 • Normalization of costs discontinued TCC1 $800 • 5 km of underground development completed; 11km YTD AISC1 $995 •
Slide 17: Sadiola – Mali
Sadiola – Mali (41%) Q2 Highlights Q2’17 Actuals • Attributable production down 22% Attributable gold production 14,000 • Decline in production due to 24% drop in grade TCC1 $898 AISC1 $936 SSP Head grade (g/t) 0.91 • Aligned with partner AGA to move Sulphide Project forward 2017 Guidance • Discussi
Slide 18: Côté Gold Well-Positioned to Advance Towards Development
Côté Gold Well-Positioned to Advance Towards Development Key accomplishments since IAMGOLD acquisition • Conversion of nearly 6Moz from resources to reserves • Positive decisions on both Federal and Provincial Environmental Assessments received • Completed prefeasibility study and initiated Feasibil
Slide 19: Exploration
IAMGOLD’ CORPORATION 38 ACD RO HNO A TS. SS rail
Slide 20: Saramacca – 2017 Delineation Campaign
Saramacca – 2017 Delineation Campaign • 2017 infill drilling program complete; initial resource estimate expected September ‘17 • Results from 180 diamond drill holes received, totaling 34 km of drilling completed in 12 months; Highlights include*: › 76.6 m grading 7.7 g/t Au › 41.0 m grading 5.6 g/
Slide 21: Boto and Pitangui
Boto Location: Senegal Tonnes Grade Contained Ounces Ownership: 100% (000) (g/t) (000 Au) Measured & Indicated1 27,670 1.8 1,563 Highlights: • Exploration continues along known mineralized trends with potential for Inferred1 2,922 1.3 125 additional resources • 3,600 metres of drilling completed in
Slide 22: Diakha-Siribaya and Eastern Borosi
Diakha-Siribaya Location: Mali Tonnes Grade Contained Ounces Ownership: 100% (000) (g/t) (000 Au) Highlights: • 12,700 metres of diamond and RC drilling Measured & Indicated1,2 2,102 1.9 129 completed in Q2 Inferred1.2 19,816 1.7 1,092 • Focused on increasing confidence of the Diakha resource, exten
Slide 23: Monster Lake and Nelligan
Monster Lake Location: Quebec Ownership: 50:50 JV with TomaGold, with option to earn up to a 75% interest Highlights: • Over 2,000 metres of drilling completed in Q2 • Results* from 2017 winter drilling program include: › 3.1 metres grading 121.7 g/t Au and 5 metres grading 80.3 g/t Au • Initial res
Slide 24: IAMGOLD Reserves up 69% from December 2016
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 25: Appendix
Appendix
Slide 26: 2017 Capex Outlook
2017 Capex Outlook $millions Sustaining Non-Sustaining Total3 Essakane $85 $5 $90 Rosebel $65 $5 $70 Westwood $20 $45 $65 Owner-operator $170 $55 $225 Corporate and Development Projects – $10 $10 Total owner-operator $170 $65 $235 Sadiola (Joint Venture)1 $5 $10 $15 Total2 $175 $75 $250 (±5%) 1. Exp
Slide 27: Loma Larga – Optionality via Strategic Investment
Loma Larga – Optionality via Strategic Investment See INV news release dated July 14, 2016 Project Overview PFS Highlights* • IAMGOLD owns ~36% of INV Metals (TSX:INV) Mine Life ~11 years • PFS has robust economics with after-tax IRR of 26.3%, NPV@5% of US$300.9M, payback of 2.7 years Nameplate Capa
Slide 28: Technical Information and Qualified Person/Quality Control Notes
Technical Information and Qualified Person/Quality Control Notes The mineral resource estimates contained in this presentation have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The “Qualified Person” responsible for the super
Slide 29: 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