Iamgold Corporation · TSX:IMG
Iamgold — Investor Presentation (July 2009)
26 slides from Iamgold's investor presentation, July 2009
Slide 1: Taking IAMGOLD to the Next Level
July, 2009 TAKING IAMGOLD TO THE NEXT LEVEL Corporate Presentation Joseph F. Conway President & CEO
Slide 2: Cautionary Statement
2 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 re
Slide 3: IAMGOLD: Superior Share Price Performance
3 IAMGOLD S Superior i ShShare P Price i P Performance f NYSE: IAG • Canadian based mid-tier gold mining TSX: IMG company p y focused in W. Africa, Guiana Shield Shares outstanding: 365 million and Québec Market Capitalization: $3.8 billion IAG 52-week high: $11.51 • 7 profitable gold operations on
Slide 4: Corporate Strategy
4 Corporate Strategy F Focus on delivering d li i superior i stakeholder t k h ld returns t Grow Gold Production & Reserves • Successful development of existing projects • Aggressive exploration for organic growth • Accretive acquisitions Reduce Costs • Operations & development project optimizat
Slide 5: Significant Progress
5 Significant Progress 2009 D 2009: Delivering li i R Results lt Increased Guidance to 910,000 to 920,000 oz Rosebel Expansion & Improved Productivity Essakane Ahead of Schedule & Increased Reserves Westwood Shaft Sinking & Increased Resources Niobec Mill Expansion & Paste Backfill Improved Corporat
Slide 6: Health, Safety & Sustainability
6 Health, Safety & Sustainability C Commitment it t to t Zero Z Harm H 2008 HIGHLIGHTS SAFETY 24% reduction d ti iin ttotal t l accidents, id t zero ffatalities t liti ENVIRONMENT No significant incidents COMMUNITY Active social p programs g near our mines CERTIFICATION Seven operations are ISO 1400
Slide 7: Resource Growth
7 Resource Growth R Record dGGold ld R Resources (000’s ozs) 26.4 Mozs 5.5 Mozs •Resources R iinclude l d reserves, as att D Dec. 31 31, 2008 iincludes l d E Essakane k property t acquired i dF Feb. b 25 25, 2009 •Others include resources from: Tanzania, Buckreef & La Arena •Canada include resources
Slide 8: Reserves Growth
8 Reserves Growth C ti Continued dGGrowth th iin Q1 2009 (millions ozs) 14 12.4 Moz 12 2.8 Moz Essakane acquisition 10 9.6 Moz 1.6 Moz Net 2.7 Moz 8.0 Moz addition addition 8 1.1 Moz depletion 6 4 2 0 2004 2005 2006 2007 2008 Q1 2009 * As at Dec. 31, 2008 includes Essakane property acquired Feb. 25,
Slide 9: Historical Gold Production by Mine
9 Historical Gold Production by Mine R Record dGGold ld P Production d ti iin 2008 (000’s Gold Ounces) 997,000 oz 431,000 oz
Slide 10: Strong Financial Position
10 Strong Financial Position P iti Positioned d ffor G Growth th Operating Cash Flow • 2008 Operating cash flow $254 million ($ millions) • Raised $282 million1 in equity financing in Q1 2009 • Cash & Bullion2: $463 million 254 Credit Facility3: $86 million Funds Available: $549 million 117 75 • Wel
Slide 11: 2009 Gold Production Guidance
11 2009 Gold Production Guidance P d ti b Production by R Region, i b by Mi Mine 2009 Guidance Total Gold Production: 910,000 to 920,000 oz Cash Costs: $460 to $470 per oz Québec Doyon Division, Canada 102k oz 102k oz T k Tarkwa, Gh Ghana 130k oz Guiana Shield Africa 11% 11% 365k oz 449k oz 14% Dama
Slide 12: Gold Production Target Profile
12 Gold Production Target Profile* P j t d organic Projected i growth th ffrom existing i ti operations ti &d development l t projects j t (000’s Gold Ounces) (Cash Cost Average $/oz) *Assumes: • Essakane startup August 2010 • Quimsacocha startup mid 2012 • Westwood startup early 2013 • No Sadiola D
Slide 13: Capital Expenditure Estimates
13 Capital Expenditure Estimates Fi Y Five Year A Accumulated l t d Cash C h Fl Flow vs. C Capital it l N Needs d • Cash flows do not include the ~$1.7B current cash, cash gold bullion (at market @$1,000/oz and available credit facility) of $549 million ~$1.4B ~$1.3B • Operational cash flow based on
Slide 14: Operations: Focus Discipline Results
14 Operations FOCUS DISCIPLINE RESULTS Three Focus Areas: West Africa, Africa Guiana Shield and Quebec 1 2 Doyon Division 3 4 7 Gold Mines Rosebel Mupane Niobec SURINAME CANADA BOTSWANA CANADA Niobec Niobium Mine 2009E 365k oz 2009E 102k oz 2009E 63k oz 2009E 4.2-4.4k t Nb 5 6 Sadiola Yatela MAL
Slide 15: Rosebel, Suriname
15 Rosebel SURINAME IAMGOLD’ Flagship IAMGOLD’s Fl hi Mine Mi • OPERATIONS • Rosebel is IAMGOLD’s flagship operation, currently providing nearly one third of the company’s gold production • Record 2008 production up 20% to 315,000 oz • 2008 M&I resources up 17% or 1.7M oz • Acquisition of royalty re
Slide 16: Doyon Division, Canada
16 Doyon Division CANADA R Record dGGold ld P Production d ti OPERATIONS 2008 production 118,000 ounces Acquisition of royalty reduced costs $9.9 million capex in 2008 IMG Ownership 100% 2009 OUTLOOK Doyon mine originally scheduled to close in May 2009 Location Quebec • Aggressive planning a
Slide 17: Mupane, Botswana
17 Mupane BOTSWANA 2008 Ch Change tto owner mining i i reduced d d costs t OPERATIONS • 2008 production up 17% to a record 101,000 ounces • Transition from contractor mining to owner mining reduced cash costs by 33% to $367/oz • Q1 2009 production short of plan due to recovery, plant reliability,
Slide 18: West African Joint Ventures
18 West African Joint Ventures SADIOLA YATELA TARKWA DAMANG IMG Ownership 38% 40% 18.9% 18.9% JV: Anglogold Ashanti JV: Anglogold Ashanti JV: Goldfields Ltd. JV: Goldfields Ltd. Location Mali Mali Ghana Ghana M&I Resources (oz)* 2,348,000 313,000 2,462,000 407,000 Inferred Resources (oz) (as at Dec.
Slide 19: Niobec Mine, Quebec
19 Niobec Mine QUEBEC Hi h M High Margin, i L Long Lif Life A Assett OPERATIONS • Continues to provide significant cash flow to fuel growth strategy (15 (15-20% 20% of overall Corporate operating cash flow) • 2008 Reserves increased 36%, Inferred Resources increased 72% • Operating margin continue
Slide 20: Development Projects: Filling the Pipeline
20 Development Projects FILLING THE PIPELINE Three Focus Areas: West Africa, Africa Guiana Shield and Quebec 1 Essakane 22 Westwood 4 Advanced Stage BURKINA FASO CANADA Development Projects Aggressive Greenfields Exploration August 2010, Est. 315,000 oz Early 2013, Est. 200,000 oz 3 Quimsacocha
Slide 21: Essakane, Burkina Faso
21 Essakane BURKINA FASO Ah d off S Ahead Schedule, h d l O On B Budget d t OVERVIEW • Reserves of 3.0 million oz at grading of 1.5 g Au/t • Estimated average g annual g gold p production of 315,000 , oz p per yyear for 9+ years CONSTRUCTION UPDATE • Capital Budget of $422 million • IAMGOLD Proj
Slide 22: Westwood, Quebec
22 Westwood QUEBEC L Long Lif Life, L Low C Costt PROJECT OVERVIEW • Well established mining camp with several multi-million ounce gold deposits • Inferred Resources of 3.4 million oz at 11.4 g/t • Estimated average annual gold production of 200,000 oz per year for 15+ years • Utilizes Doyon Divis
Slide 23: Quimsacocha, Ecuador
23 Quimsacocha ECUADOR R d tto resume d Ready development l t OVERVIEW • Large deposit located in southern Ecuador • Provides medium term production of over 200K oz per year UPDATE • Pre-feasibility study completed mid 2008 • Environmental permits approved IMG Ownership 100% • New mining law rat
Slide 24: Other Development Projects
24 Other Development Projects Updates CAMP CAIMAN GREENFIELDS EXPLORATION IMG Ownership 100% SOUTH AMERICA Location French Guiana Suriname – Sarakreek M&I Resources (oz)* 1,615,000 Suriname – Rosebel Regional g I f Inferred d Resources R (oz) ( ) (as at Dec. 31, 2008) 249,000 Guyana – Eagle Mountain
Slide 25: Taking IAMGOLD to the Next Level
25 Taking IAMGOLD to the Next Level H1 2009 was an excellent start to an important building year • Superior p share p price p performance • Consistent operating results • Dramatic Reserve growth • $549M capital available What’s What s next? • Focus on Production & Reserve growth • Focus on lowering
Slide 26: IAMGOLD Head Office and Investor Relations Contact
IAMGOLD Head Office Investor Relations Contact 401 Bay Street, Suite 3200, PO Box 153 Tamara Brown Toronto, Ontario, Canada M5H 2Y4 Director, Investor Relations T 416 360 4710 F 416 360 4750 T 416 360 4743 F 416 360 4750 W www.iamgold.com E info@iamgold.com E tbrown@iamgold.com