Slide 1: 2011 2nd Quarter Results
2011 2nd Quarter Results August 11, 2011 TSX: IMG NYSE: IAG
Slide 2: Management Participants
Management Participants STEVE LETWIN President and Chief Executive Officer GORD STOTHART EVP and Chief Operating Officer CAROL BANDUCCI EVP and Chief Financial Officer MIKE DONNELLY SVP Exploration JEFF SNOW SVP and General Counsel BOB TAIT VP Investor Relations 2
Slide 3: Cautionary Statement
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 rega
Slide 4: Q2 2011 Highlights
Q2 2011 Highlights Sale of minority interest in Ghana mines for $667 M in June Mupane mine reclassified as a discontinued operation Expansion and monetization of Niobec Brownfield growth through Rosebel, Essakane, Sadiola and Westwood Increase in annual dividend to US$0.20/sh, up 150% 4
Slide 5: Q2 2011 Highlights
Q2 2011 Highlights Attributable gold production from continuing operations up 47% to 188,000 ounces Net earnings from continuing operations attributable to equity shareholders of $74.5 M, up 223% $1.2 B in cash, cash equivalents and bullion Adjusted operating cash flow from continuing operat
Slide 6: Q2 2011 Net Earnings from continuing operations
Q2 2011 Net Earnings from continuing operations $ millions Q2'10 Q2'11 $ millions Q2’11 $80 74.5 69.7 +223% Net earnings from continuing operations* 74.5 $60 +261% Foreign exchange loss (gain) (5.1) $40 Unrealized derivative loss (gain) on warrants 0.8 23.1 held as investments $20 19.3 Loss (gain) o
Slide 7: Q2 2011 Attributable Gold Production
Q2 2011 Attributable Gold Production Gold Production Gold Production 000s oz Q2’10 vs. Q2’11 000s oz Q1’11 vs. Q2’11 250 250 233 200 200 188 188 150 150 128 100 100 50 50 0 0 Q2'10 Q2'11 Q1'11 Q2'11 7
Slide 8: Q2 2011 Revenues from continuing operations
Q2 2011 Revenues from continuing operations Q2 Revenues* up 75% due to: Q2’10 Q2’11 Essakane sales Essakane sales none 69,000 ozs Gold Price Gold Price $1,200 $1,515 $400 $ Millions $300 345.7 +75% $200 198.1 $100 $0 Q2'10 Q2'11 *Revenues of continuing operations excludes Tarkwa, Damang and Mupane 8
Slide 9: Q2 2011 Margins
Q2 2011 Margins $/oz Gold Margin Gold $1,600 Q2’10 Q2’11 Operating Results 818 $1,200 Gold production 607 128 188 (000 oz) $800 697 $400 593 Gold price realized 1,200 1,515 ($/oz) $0 Q2'10 Q2'11 Margin 607 818 cash cost margin ($/oz) Niobium $/kg Niobium Margin Q2’10 Q2’11 Operating Results $20 19 $
Slide 10: Q2 2011 Cash Flow
Q2 2011 Cash Flow 1,400 149 1,200 667 97 1,048 1,000 64 $ Millions 72 13 800 600 478 400 200 0 cash at Sale of Adj. operating Investing Non-cash Income & Other Cash at end beginning of Tarkwa and cash flow activities working mining taxes of Q2 Q2 Damang capital $ Millions $/sh Adj. Op. Cash Flow Adj
Slide 11: Solid Financial Position
Solid Financial Position $ millions Financial Position $ millions Dec. 31, June 30, 2011 2011 $1,600 $1,548 Cash & Cash $1,400 350 270.8 1,047.5 Equivalents $1,200 Gold Bullion at $971 140.6 150.6 $1,000 market $800 $761 350 Unused credit 350.0 350.0 facility $578 $593 $600 350 1,198 350 Total $ 761
Slide 12: Costs
Costs Costs are higher across the industry with absolute cost increases of 10% and higher for key inputs Focused on cost management Rosebel: Improved head grades with better mining productivity and new excavator New tracking tool for productivity and cost driver SAG Mill improvements and
Slide 13: Essakane Burkina Faso
Essakane BURKINA FASO IMG Ownership: 90% Attributable Gold Production Attributable production (oz) 000 ozs Q2’11 62,000 Q1’11 95,000 400 340-360 Cash Cost ($/oz)3 300 Q2’11 $613 Q1’11 $428 200 157 Attributable Reserves & Resources (oz) Q2 62 100 P&P Reserves1 4,015,000 Indicated Resources2 4,351,000
Slide 14: Rosebel Suriname
Rosebel SURINAME IMG Ownership: 95% 000 ozs Attributable gold production Attributable production (oz) 400 360-380 Q2’11 87,000 Q2’10 82,000 300 Cash Cost ($/oz)3 Q2’11 $704 200 175 187 Q2’10 $567 82 Q2 87 Attributable Reserves & Resources (oz) Q2 100 P&P Reserves1 5,892,000 M&I Resources2 7,531,000
Slide 15: Sadiola Mali
Sadiola MALI IMG Ownership: 41% 000 ozs JV Partner: AngloGold Ashanti (41%) Attributable gold production for Mali interests Attributable production (oz) 200 Q2’11 33,000 145-160 Q2’10 29,000 150 Cash Cost ($/oz)3 Q2’11 $705 101 100 Q2’10 $636 77 Q2 29 Attributable Reserves & Resources (oz) Q2 33 50
Slide 16: Niobec Canada
Niobec CANADA IMG Ownership: 100% Mkg Niobium production Production (Mkg Nb) 4.5-5.0 5 Q2’11 1.1 Q2’10 1.1 4 Operating Margin ($/kg Nb) Q2’11 $14 3 2.3 2.2 Q2’10 $19 2 Reserves & Resources (Mkg Nb2O5) Q2 1.1 Q2 1.1 P&P Reserves1 243.8 1 M&I Resources2 1,927.4 Inferred Resources3 1,240.4 0 Estimated
Slide 17: Westwood Canada
Westwood CANADA Q2’11 2011 On track for 2013 production Expenditures ($M) $35.7 M $128.9 M Shaft sinking Shaft sinking Depth 1,322 m 1,560 m began Jul’09 Total Exploration Drilling 22,500 m 82,000 m Completed significant Complete ventilation infrastructure preparation raise boring Accomplishment
Slide 18: 2011 Revised Guidance
2011 Revised Guidance Guidance Revised Guidance Issued May, 2011 Issued August, 2011 Gold Production (000 oz) 950-1,050 940-1,000 Cash Costs ($/oz) 590-620 620-650 Niobium Production (Mkg) 4.5-5.0 4.5-5.0 Niobium operating margin ($/kg) 15-17 15-17 18
Slide 19: Exploration
Exploration Areas of Active Exploration 2011 Exploration Budget $43.5M $96.8M $53.3M Greenfields Brownfields 19
Slide 20: Exploration in S.America
ECUADOR Quito Cuenca CONCHUCOS Belo Horizonte Oo PITANGU! © CANDELARIA (O} Mine © Exploration Projects O Exploration Offices IAMGOLD
Slide 21: Exploration in West Africa
Exploration in West Africa 21
Slide 22: Exploration in Quebec, Canada
Exploration in Quebec, Canada 22
Slide 23: Near-term Catalysts
Near-term Catalysts Essakane expansion feasibility Rosebel expansion agreement with Suriname Gov’t Niobec REE Results Strategic buyer for 10-20% stake in Niobec Niobec feasibility study Sadiola Sulphides feasibility study approval 23
Slide 24: 2011 2nd Quarter Results
2011 2nd Quarter Results August 11, 2011 Contacts: Bob Tait, VP Investor Relations T: 416 360 4743 C: 647 403 5520 Laura Young, Director Investor Relations T: 416 933 4952 C: 416 670 3815 IAMGOLD Corporation 401 Bay Street, Suite 3200 Toronto, ON M5H 2Y4 Canada E: info@iamgold.com TSX: IMG NYSE: IAG