Iamgold Corporation · TSX:IMG
Iamgold — Shareholder Meeting (May 2018)
22 slides from Iamgold's shareholder meeting presentation, May 8, 2018
Slide 1: 2018 Annual General Meeting
2018 Annual General Meeting May 8, 2018 STEPHEN LETWIN, PRESIDENT AND 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: President's Awards
HARM Dano 4ERY 2 PRESIDENT’S AWARDS HEALTH & SAFETY | SUSTAINABILITY
Slide 4: President's Awards: Health & Safety
President’s Awards 2017 PRESIDENT’S AWARD FOR HEALTH & SAFETY ESSAKANE MINE in Burkina Faso 3
Slide 5: President's Awards: Sustainability
President’s Awards 2017 PRESIDENT’S AWARD FOR SUSTAINABILITY ROSEBEL MINE in Suriname 4
Slide 6: President's Awards: Exploration
President’s Awards 2017 PRESIDENT’S AWARD FOR EXPLORATION MALI-SIRIBAYA 5
Slide 7: 2017 Performance
2017 Performance 140% 120% 100% 80% 60% IMG IAG 40% 20% Gold 0% - GDX -20% -40% 6
Slide 8: 2017 Highlights
2017 Highlights1 Gross profit up 50% Achieved production and cost guidance: • Attributable production of 882,000 ounces (up 8%) • Total cash cost of $755/oz (up 2%) • AISC of $1,003/oz (down 5%) $816 million in cash, cash equivalents, short-term investments, and restricted cash Reduced long-term deb
Slide 9: Attributable Reserves: 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 10: Leveraging Existing Asset Base
Leveraging Existing Asset Base Optimizing Operations & Organic Growth Opportunities
Slide 11: Value Creating Projects Support a Solid Growth Strategy
Value Creating Projects Support a Solid Growth Strategy Short-Cycle Capacity Long-Cycle Capacity Rosebel Gold Mine Côté Gold Project • Saramacca • Mine optimization • Joint-venture agreement with • Continued concession consolidation Sumitomo Metal Mining Co., Ltd. • Shorter • Longer Essakane Gold Mi
Slide 12: Rosebel – Significant Transformational Achievements
Rosebel – Significant Transformational Achievements Suriname (95%) Increased Reserves & Resources • 69% increase in attributable Reserves to 3.5M oz Extends LOM to 2028, • Increase mainly due to mine plan optimization and cost reductions before inclusion of • Potential for further increase with Sadd
Slide 13: Essakane – Driving Transformational Change
Essakane – Driving Transformational Change Burkina Faso (90%) Heap Leaching • Incremental production from marginal grade material within the existing pit Potential to transform • Expect to complete Prefeasibility Study in Q2’18 Essakane with • Potential production start by end of 2019 additional 3 t
Slide 14: World's Largest Hybrid Solar/Thermal Power Plant
World’s Largest Hybrid Solar/Thermal Power Plant Essakane Mine, Burkina Faso Commissioned in Q1’18 • 15MWp solar plant + 57MW thermal plant • Approximately 130,000 photovoltaic panels • Decrease fuel consumption by ~6 million litres per year • Reduce annual CO2 emissions by 18,500 tons 13
Slide 15: Westwood – Ramping up to Full Production
Westwood – Ramping up to Full Production Quebec (100%) Ramping Up Continues • Production expected to be between 125,000 and 135,000 oz in 2018 with Ramping up to full production planned from two of the six designed mining blocks production by 2020; • Block 3 slated to start up in 2019; Block 4 in 20
Slide 16: Côté Gold Project
Côté Gold Project Ontario (64.75%) Key accomplishments since acquisition in 2012 Attributable 64.75% Tonnes Grade Contained Ounces • Completed Prefeasibility Study and initiated Feasibility Study (000) (g/t) (000 Au) • Converted 5.9 Moz (100%) from resources to reserves Probable Reserves1 126,961 0.
Slide 17: 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 18: Boto Gold Project
Boto Gold Project Senegal (100%) Pre-feasibility Study Highlights Tonnes Grade Contained Ounces • Mine life of 13.5 years with mill throughput of 2.0Mtpa (000) (g/t) (000 Au) • LOM average annual production of nearly 100,000 oz with Probable Reserves1 26,841 1.64 1,415 higher production in early yea
Slide 19: Q1 2018 Highlights
Q1 2018 Highlights1 Net earnings of $42 million, or $0.09/share (up 335%) Net Operating Cash Flow of $106 million (up 58%) Gold margin of $594/oz (up $130/oz) Attributable production of 229,000 ounces (up 7%) Total cash cost of $737/oz (down $29/oz) AISC of $953/oz (down $39/oz) $856 million in cash
Slide 20: 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 Si
Slide 21: 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 22: Thank You
Thank You l TSX: IMG l NYSE: IAG l