Iamgold Corporation · TSX:IMG
Iamgold — BMO Capital Markets Global Metals and Mining Conference 2018
32 slides from Iamgold's conference presentation, February 2018
Slide 1: A Story of Transformation
A Story of Transformation BMO Capital Markets Global Metals and Mining Conference February 25 - 28, 2018 STEVE LETWIN, PRESIDENT & CHIEF EXECUTIVE OFFICER Empowering People, Extraordinary Performance 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: 2018 – Abundance of Catalysts
2018 – Abundance of Catalysts 2018 Q1 Q2 Q3 Q4 2019 2020 2021 Saramacca Gold Essakane Heap Essakane Oxygen Essakane Saramacca Reserve Saramacca Côté District Leach Pre-feasibility plant HL declaration production production Consolidation Study Commissioning production Côté Boto Pre-feasibility Siriba
Slide 4: Geographically Diverse & Balanced Over 3 Continents
Geographically Diverse & Balanced Over 3 Continents IAMGOLD Attributable Measured and Indicated Resources As at December 31, 2011 As at December 31, 2017 23% South 42% Americ 54% 43% Africa South Africa America 34% North America 3% North America MID-TIER GOLD 14.5M OZ IN GEOGRAPHICALLY GROWTH STRONG
Slide 5: A Balanced Business Model
A Balanced Business Model Short-Cycle Capacity Long-Cycle Capacity Rosebel Gold Mine • Saramacca • Mine optimization • Continued concession consolidation Côté Gold Project • Joint-venture agreement with Sumitomo Metal Mining Co., Ltd. Essakane Gold Mine • Heap Leaching • Falagountou • Longer • Short
Slide 6: Leveraging Existing Asset Base
Leveraging Existing Asset Base Optimizing Operations & Organic Growth Opportunities
Slide 7: Structured for Long-Term Growth
Structured for Long-Term Growth 16 86% 14.5 Moz 14 Increase Reserve Increases4 Côté: +3.8Moz 12 Attributable Reserves (Moz) 1,2,3 Rosebel: +1.7Moz 10 Boto: +1.4Moz 7.8 Moz Essakane: +0.5Moz 8 Westwood: +0.3Moz 6 4 2 0 2016 2017 *Reserve numbers included on this slide have been rounded 1. Mineral res
Slide 8: Rosebel – Significant Transformational Achievements
Rosebel – Significant Transformational Achievements Suriname (95%) Increased Reserves & Resources • 80% increase in Reserves announced July 2017 bringing attributable Reserves Rosebel’s 80% increase at Rosebel to 3.5M oz in reserves will extend • M&I Resources (includes reserves) up 55% to 8.9M oz m
Slide 9: Rosebel – Consolidating Prospective Land Packages Surrounding Mill
Rosebel – Consolidating Prospective Land Packages Surrounding Mill Brokolonko Compilation 8
Slide 10: Saramacca – 2016-2017 Drilling Highlights
Saramacca – 2016-2017 Drilling Highlights The Delineation Drilling Program • Potential to grow resource - deposit open at depth and along strike in both directions • Drilling focused on increasing confidence in resource and expanding deposit • Completed nearly 30 km of diamond and reverse circulatio
Slide 11: Saramacca – Resource Sensitivities
Saramacca – Resource Sensitivities Tonnes Grade Contained oz 100% Basis1 (000) (g/t) (000 Au) Measured & Indicated2 14,444 2.20 1,022 Inferred 13,632 1.18 518 1 See IAMGOLD news release dated February 12, 2018 2 Inclusive of reserves 10
Slide 12: Essakane – Driving Transformational Change
Essakane – Driving Transformational Change Burkina Faso (90%) Falagountou Deposit • Western portion increased Essakane’s indicated resource by 14% or Updated resource est. 600 Koz for Fala East expected • Eastern portion has potential to increase resources with lower-cost, by H1’18 high-grade saprol
Slide 13: Essakane - Satellite Prospects Nearby
Essakane - Satellite Prospects Nearby 2017-2018 Gossey Delineation Drilling Program • Drilling program in progress • Initial results confirm saprolite to a depth of 50m • Declare maiden resource by Q4’18 2018 Exploration Program • Gossey-Korizena trend +20 km • 2017 Airborne Mag-VTEM survey complete
Slide 14: Heap Leaching at Essakane
Heap Leaching at Essakane Conceptually targeting a Heap Leach1 operation with capacity to increase annual gold production by 20%+ • Improved economics could potentially result in additional pushbacks at Essakane Mining Zone • Evaluating options to potentially raise mill cutoff grade and process high
Slide 15: Westwood – Ramping up to Full Production
Westwood – Ramping up to Full Production Quebec (100%) Underground Development is on Target In 2017 • Completed 18 km of underground development in 2017 – 25 km in 2016 Quebec regulators • Underground development continues to open access to new mining areas approved reopening of mining block affecte
Slide 16: Sadiola - Potential to Revitalize Mine
Sadiola - Potential to Revitalize Mine Mali (41%) Sadiola Expansion Project Sulphide Expansion Project • Aligned with partner AngloGold Ashanti Limited to move Sulphide 2015 Technical Report1 Project forward Strip Ratio 3.9 • Discussions with Malian government continue - have not reached resolution
Slide 17: Development Pipeline
Development Pipeline Development & Exploration
Slide 18: Côté Gold Project
Côté Gold Project Ontario (64.75%) Key accomplishments since IAMGOLD acquisition • Completed Prefeasibility Study and initiated Feasibility Study • Conversion of nearly 6Moz from resources to reserves • Completed transaction with Sumitomo Metal Mining • Positive decisions on Federal and Provincial E
Slide 19: Boto Gold Project
Boto Gold Project Senegal (100%) Pre-feasibility Study Highlights • Mine life of 13.5 years with mill throughput of 2.0Mtpa Tonnes Grade Contained Ounces • LOM average annual production of nearly 100,000 oz with (000) (g/t) (000 Au) higher production in early years Probable Reserves1 26,841 1.64 1,4
Slide 20: Pitangui Eastern Borosi
Pitangui Location: Brazil Tonnes Grade Contained Ounces (000) (g/t) (000 Au) Ownership: 100% Measured & -- -- -- Highlights: • Completed 9.6 km of diamond drilling in 2017 to Indicated 1,2 evaluate up-plunge extension of São Sebastião Inferred 1 5,365 4.7 819 deposit • Drilling program resulted in a
Slide 21: Diakha-Siribaya
Diakha-Siribaya Location: Mali Ownership: 100% Tonnes Grade Contained Ounces (000) (g/t) (000 Au) Highlights: • Consolidated 100% ownership in the project 1,2 Measured & Indicated 2,102 1.9 129 • Located approximately 10 km south along strike 1 from the Boto Gold Project in Senegal Inferred 19,816 1
Slide 22: Monster Lake Nelligan
Monster Lake Location: Quebec Ownership: 50:50 JV with TomaGold, with option to earn up to a 75% interest Highlights: • Focused on better defining and extending the high-grade 325-Megane Zone and evaluating newly discovered parallel zones • Over 12.5 km of drilling completed in 2017 • Acquired ~20%
Slide 23: Loma Larga – Optionality via Strategic Investment
Loma Larga – Optionality via Strategic Investment Ecuador Project Overview • IAMGOLD owns ~36% of INV Metals (TSX:INV) PFS Highlights1 • PFS has robust economics with after-tax IRR of 26.3%, NPV@5% of US$300.9M, payback of 2.7 years Mine Life ~11 years • Probable Mineral Reserves of 1.86M oz of cont
Slide 24: A Story To Be Continued
A Story To Be Continued Targeting 1.2M oz to 1.3M oz by 2022, with AISC below $850 ounce Côté Gold Advancing towards Future Growth Westwood Options development Ramping up Further expansion at Essakane production mines and exploration Heap leaching projects in the pipeline Satellite prospects Rosebel
Slide 25: Appendix
Appendix
Slide 26: Saramacca - Resources Constrained by Conceptual Pit
Saramacca - Resources Constrained by Conceptual Pit Pit Optimization Parameters N • Pit slopes: 30 – 45° (sap to fresh) • Metal Recoveries (%): 97 (lat/sap), 76 (trans), 82 (fresh) • Mining: 95% mining recovery, 5% dilution Optimized Pit Shell 25
Slide 27: Saramacca - Exploration Upside
Saramacca - Exploration Upside Location Map (combined Lidar) Rosebel North Trend Rosebel South Trend ROSEBEL MINE Headley’s Reef Concession Saramacca Gold Trend Sarafina Concession 25 km Gold deposits Gold Showings Saramacca Concession Saramacca Deposit 26
Slide 28: Outstanding Derivative Hedge Contracts
Outstanding Derivative Hedge Contracts1 2018 2019 2020 2021 2022 Foreign Currency Canadian dollar contracts (millions of C$) 155 Contract rate range (C$/$) 1.30 - 1.45 Hedge ratio 52% Euro contracts (millions of €) 93 Contract rate range ($/€) 1.08 - 1.19 Hedge ratio 36% Commodities Brent oil contra
Slide 29: 2018 Production and Cost Guidance
2018 Production and Cost Guidance Full Year Guidance 1 Essakane (000s oz.) 380 – 395 Rosebel (000s oz.) 295 – 310 Westwood (000s oz.) 125 – 135 Total owner-operated production (000s oz.) 800 – 840 Joint ventures (000s oz.) 50 – 60 Total attributable production (000s oz.) 850 – 900 Cost of sales 2 ($
Slide 30: 2018 Capex Outlook
2018 Capex Outlook Full Year Guidance $millions Non- Sustaining 1 Sustaining Total 2 Essakane $75 $75 $150 Rosebel $45 $85 $130 Westwood $20 $45 $65 Owner-operator $140 $205 $345 Corporate and Development Projects1 – $15 $15 Total owner-operator $140 $220 $360 Sadiola (Joint Venture) – $5 $5 Total (
Slide 31: 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 32: Empowering People, Extraordinary Performance
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 Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l
IAMGOLD — BMO Capital Markets Global Metals and Mining Conference 2018 on 6ix