Iamgold Corporation · TSX:IMG

Iamgold — Shareholder Meeting (May 2017)

22 slides from Iamgold's shareholder meeting presentation, May 10, 2017

  1. Slide 1: IAMGOLD 2016 AGM

    IAMGOLD 2016 AGM May 10, 2017 STEVE LETWIN, PRESIDENT & CEO Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l

  2. Slide 2: 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

  3. Slide 3: 2016 Highlights

    2016 Highlights  Operating cash flow up 721% to $314M  Gold margin up 56% to $505/oz  Outstanding operating performance with production exceeding guidance and lower costs • Attributable production 813,000 oz • AISC $1,057/oz  $763M in cash, cash equivalents and restricted cash  Strengthened fin

  4. Slide 4: Growth in a Time of Reckoning

    Growth in a Time of Reckoning 38 ACD RO HNO A TS. SS rail

  5. Slide 5: Reserve Replacement Increasingly Challenging

    Reserve Replacement Increasingly Challenging Global Gold Resources Global Gold Reserves (Excluding Reserves) 1600 3000 2900 1500 2800 2700 1400 (Ounces, Millions) (Ounces, Millions) 2600 1300 2500 2400 1200 2300 2200 1100 2100 1000 2000 2013 2015 2013 2015 For every ounce of gold produced the indust

  6. Slide 6: Reserves of Large Caps Suffer a Steeper Decline

    Reserves of Large Caps Suffer a Steeper Decline Large Cap Gold Reserves 500 464 457 450 442 407 400 387 377 Gold reserves (Mozs) 357 348 350 315 306 300 250 200 150 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 *Large Cap Producers: Barrick, Goldcorp, Newmont, Kinross, Agnico-Eagle Source: TD Se

  7. Slide 7: Gold Discoveries Trailing Far Behind Production

    Gold Discoveries Trailing Far Behind Production Widening gap between gold discoveries and production 6

  8. Slide 8: Gold Industry - Flat to Declining Production

    Gold Industry - Flat to Declining Production 3500 Gold production expected to drop 1/3 by 2025 3000 Global Gold Production (Tons) 2500 2000 1500 1000 500 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 Source: BMO Capital Markets, Randgold Resources Ltd. 7

  9. Slide 9: Growth Strategies to Support Sustainable Growth in Global Reserves

    Growth Strategies to Support Sustainable Growth in Global Reserves 1. Greenfield exploration leading to new discoveries 2. Convert existing resources to reserves 3. Expand resources at existing mines 4. Near-mine exploration to leverage existing infrastructure 5. Resurrect development projects 8

  10. Slide 10: IAMGOLD's Organic Growth Strategy

    IAMGOLD’s Organic Growth Strategy

  11. Slide 11: Long-Cycle Capacity vs Short-Cycle Capacity

    Long-Cycle Capacity (Base load production) Short-Cycle Capacity (Just-in-time-delivery) SSP Saramacca ¢ Sarafina Coté Gold ¢ Boto Overman ¢ Falagoutou ¢ ESK Heap ¢ Sirilbaya ¢ Pitangui Leach ¢ ESK O2 Plant | a | ~ Na * Small quanta of investment + Capital Intense projects * Quick time to cash flow +

  12. Slide 12: IAMGOLD Production Pipeline

    IAMGOLD Production Pipeline 1200 1100 1000 Production (Koz) 29% 900 Short 800 Cycle Capacity 700 600 2015A 2016A 2017 2018 2019 11

  13. Slide 13: Transforming Rosebel - Suriname (95%)

    Transforming Rosebel - Suriname (95%) Saramacca • Acquired rights to Saramacca in 2016 • 25km southwest from Rosebel mill • Historical data suggested .5-1.4M oz @ 1.0-1.8g/t Au • Results to date confirm significant mineralization, eclipsing earlier estimates. Highlights* include: • 60.5 m @ 40.91 g/

  14. Slide 14: Expand and Optimize at Essakane – Burkina Faso (90%)

    Expand and Optimize at Essakane – Burkina Faso (90%) Ongoing Exploration on Highly Prospective Land Signed power purchase agreement to develop Package with >1,200 sq. Km 15 MW solar plant: • To be integrated with 57MW HFO Plant Falagountou East • Will save 6 million litres of fuel per year • Potenti

  15. Slide 15: Continued Ramp-up at Westwood – Quebec (100%)

    Continued Ramp-up at Westwood – Quebec (100%) March 21, 2017 – Underground Development Quebec regulators • Completed nearly 25 km of underground development in 2016 approve reopening of – averaging 74 meters per day • Underground development continuing to open access mining block (104 level) to new

  16. Slide 16: Rebirth for Sadiola – Mali (41%)

    Rebirth for Sadiola – Mali (41%) Sulphide Expansion Project Sadiola Expansion Project 2015 Technical Report1 • Consistent year over year production in 2016 • Extended oxide mine life to 2018 due to exploration success Strip Ratio 3.9 › Expect to continue mining oxides into early 2018 and processing

  17. Slide 17: IAMGOLD's Production Pipeline to 2020

    IAMGOLD’s Production Pipeline to 2020 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 2016A 2017 2018 2019 2020 Essakane Rosebel Westwood Sadiola Oxide Sadiola Sulphide Targeting AISC of $900-$950/oz by 2020 16

  18. Slide 18: Longer-Term Growth with Côté Gold

    Longer-Term Growth with Côté Gold Project Highlights • One of Canada’s largest undeveloped gold deposits • Located in a prolific mining region six hours north of Toronto • Positive PEA indicates potential for low-cost mine with a 21 year mine life • Provincial and Federal Government have approved En

  19. Slide 19: Robust Exploration Pipeline

    Robust Exploration Pipeline Boto Gold Pitangui Loma Larga • Expanding Malikoundi • Sao Sebastiao deposit • Project in Equador, deposit in Senegal in Brazil is an advanced operated by INV • Evaluation studies greenfield exploration Metals, IAMGOLD project owns ~36% ongoing • Ongoing exploration • Str

  20. Slide 20: Q1 2017 Highlights

    Q1 2017 Highlights  Gross profit rose 438%  Net operating cash flow increased by 33% to $68 million  Attributable gold production of 214,000 oz  All-in sustaining costs of $992/oz  Gold margin $464/oz  Strengthened capital structure  Long-term debt 37% lower than a year ago  Maturity date ex

  21. Slide 21: Timeline For Growth Catalysts – 2017 to 2020

    Timeline For Growth Catalysts – 2017 to 2020 2017 Sadiola Boto Gold • Sulphide • Resource update in Expansion Project Q4 and evaluation construction start studies to continue Côté Gold Essakane • PFS to be • Updated released summer 2017 and initiate FS resources at Falagountou satellite deposit 2018

  22. Slide 22: 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

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