Iamgold Corporation · TSX:IMG

Iamgold — Bank of America Merrill Lynch Presentation 2010

26 slides from Iamgold's conference presentation, May 11, 2010

  1. Slide 1: Bank of America Merrill Lynch Presentation

    BANK OF AMERICA MERRILL LYNCH PRESENTATION May 11, 2010 Peter C. Jones President & CEO

  2. Slide 2: 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

  3. Slide 3: Why IAMGOLD?

    Why IAMGOLD? Sustainable Profitable Growth Growing Production and Reserves  Essakane LOM annual output at 315k oz  Higher production in early years  Aggressive exploration program with key targets  Gold reserves up 17% YoY IAMGOLD Profile 1 million oz gold producer Strong Financial Position Cana

  4. Slide 4: Corporate Strategy

    Corporate Strategy Focus on Value Creation Grow Gold Production & Reserves  Successful development and expansion of existing projects  Aggressive exploration for organic growth  Accretive acquisitions Reduce Costs and Improve Efficiencies  Operations & development project optimization Maintain F

  5. Slide 5: Global Operations & Growth

    Global Operations & Growth FOCUS, DISCIPLINE, RESULTS Longstanding Presence, Long Term Future 5

  6. Slide 6: 2010 Key Objectives

    2010 Key Objectives  Build Financial Strength Increased Credit Capacity to $400 M  Deliver Essakane by August Start-up June, 2010  Rosebel Growth Review  Niobec Expansion  Advance Westwood Project  Committed to Exploration  Continue commitment to Zero Harm 6

  7. Slide 7: Million Ounce Platform

    MILLION OUNCE PLATFORM Positive Impact of Lower Cost Mines WESTWOOD WESTWOOD ~200,000 oz ESSAKANE ESSAKANE ~400,000 oz ROSEBEL ROSEBEL ~400,000 oz *Assumes: • Essakane startup June 2010 7 • Westwood startup early 2013

  8. Slide 8: Solid Reserves Growth

    Solid Reserves Growth 17% Increase in 2009 Au Reserves 14.5 M oz 3.1 M oz 2.1 M oz Record Gold Reserves Addition Net Addition  Creating value by 12.4 M oz converting resources to reserves  Gold reserves up 17% 1.0 M oz Depletion to 14.5Moz Record Niobium Reserves  Niobium reserves up 32% to 181.3

  9. Slide 9: 'The year of Essakane' is only the beginning…

    ‘The year of Essakane’ is only the beginning… Continued Growth (000’s ounces) 1,400 1,200 1,000 800 600 400 200 0 2004 2005 2006 2007 2008 2009 2010F 2011F 2012F 2013F 2014F Africa Canada South America *Assumes: • Essakane start-up June 2010 • Sadiola Deeps start-up mid 2012 9 • Quimsacocha start-up

  10. Slide 10: Rosebel Flagship and Further Expansion Potential

    Rosebel Flagship and Further Expansion Potential Attributable Production Profile 000 oz 500 400 300 200 100 0 2007 2008 2009 2010E Rosebel, Suriname, South America IMG Ownership 95% Q1 2010 P&P Reserves (oz)1 4,840,000  Higher gold production M&I Resources (oz)2 6,870,000 Inferred Resources (oz) 89

  11. Slide 11: West African Joint Ventures

    West African Joint Ventures Sadiola, Mali Yatela, Mali IMG Ownership: 41% IMG Ownership: 40% JV Partner: AngloGold Ashanti JV Partner: AngloGold Ashanti Updates Updates Reserves & Resources Reserves & Resources Attributable(oz) Attributable(oz) P&P Reserves1 1,457,000  Promising results from P&P Re

  12. Slide 12: Other African Mines

    Other African Mines Tarkwa, Ghana Damang, Ghana Mupane, Botswana IMG Ownership: 18.9% IMG Ownership: 18.9% IMG Ownership: 100% JV Partner: Goldfields Ltd. JV Partner: Goldfields Ltd. Updates Updates Updates Reserves & Resources Reserves & Resources Reserves & Resources (Attributable oz) (Attributabl

  13. Slide 13: Niobec Expansion on Track

    Niobec Expansion on Track million kg Nb Production profile 5 4 3 2 1 Niobec, Quebec, Canada 0 IMG Ownership 100% 2008 2009 2010E 2011E M&I Resources (M kg Nb2O5)1 181.3 Inferred Resources (M kg Nb2O5) 219.1  Q1 ’10 margins affected by Cdn $ but remain at the Production (M kg Nb) 2010 Q1 1.2 top end

  14. Slide 14: Exploration & Development Projects

    Exploration & Development Projects Solid Growth Pipeline Essakane, Burkina Faso COMMENCING PRODUCTION Westwood, Canada CONSTRUCTION Sadiola Deeps, Mali FEASIBILITY Quimsacocha, Ecuador Brownfields EXPLORATION Greenfields 14

  15. Slide 15: Essakane Advanced Start-Up Date

    Essakane Advanced Start-Up Date Q1 2010  Ore processing will begin in June  All construction milestones have been met  Invested $56.4 M in Q1  Approximately 90% of total capex spent 2010 Essakane, Burkina Faso, Africa  Production forecast at 500,000 oz from start-up to IMG Ownership 90% end of

  16. Slide 16: IAMGOLD

    IAMGOLD

  17. Slide 17: IAMGOLD

    [IAMGOLD

  18. Slide 18: Westwood Long Life, Low Cost

    Westwood Long Life, Low Cost 14 kms Planned Exploration shaft Bousquet 2kms 10 m / 11.5 g/t Au 5 m / 23 g/t Au La Ronde Westwood, Quebec, Canada Q1 2010 IMG Ownership 100%  Shaft depth: Q1 - 770 m, early May - 840 m M&I Resources (oz)1 98,000  Capex spend of C$24.5M in Q1 Inferred Resources (oz) 3

  19. Slide 19: Westwood 2009 Composite Longitudinal Section

    WESTWOOD 2009 Composite Longitudinal Section  2009 RESOURCE ESTIMATE  3 431 000 oz @ 11.4 g/t Au  (cut-off 6.0 g/t Au) Resources > 15 g/t Au Resources of 6-15 g/t Au 19

  20. Slide 20: Exploration Program Overview

    Exploration Program Overview REGIONS OF EXPLORATION ACTIVITY Aggressive Organic Growth 2010  Greenfields expenditures of $35 M DOYON, QUEBEC  Brownfield expenditures of $43 M VAL D’OR, QUEBEC  Drilling +329,000 m  Focus on advanced exploration acquisitions KALANA, MALI DAKAR, SENEGAL Greenfield

  21. Slide 21: Health, Safety & Sustainability

    Health, Safety & Sustainability Continuing Commitment to Zero Harm 2009 HIGHLIGHTS SAFETY 31% decrease in both days away injury rate and total accident rate ENVIRONMENT “Toward Sustainable Mining” award for Rosebel Tailings Management COMMUNITY Successful village relocations at Essakane CERTIFICATIO

  22. Slide 22: Operating Results

    Operating Results Solid Production, Increased Margin Gold Margin 2010E 2009 2008 $/oz Gold Operating Results 1 Gold production 940 -1,000 939 997 000 oz Gold price realized 960 855 $/oz Cash cost 490-510 461 459 $/oz Niobium Margin Niobium Operating $/kg Results Niobium production 4.2-4.4 4.1 4.4 mi

  23. Slide 23: Financial Results

    Financial Results Earnings from Operations up 35% millions $ Q1 ‘10 2009 2008 millions $ 400 Revenues 240.1 914.3 869.6 350 Earnings from operations 101.1 349.7 272.3 300 250 1 200 Adjusted net earning 51.3 212.2 107.5 150 Adjusted net earnings 100 0.14 0.60 0.36 per share (fully diluted) 50 Operati

  24. Slide 24: Exceptional Balance Sheet

    Exceptional Balance Sheet Net Cash Positive and Positioned for Growth 5-Year Estimated Accumulated Operating Cash Flow million $ As at vs. Capital Needs Mar. 31, 2010 ~$2.1B 1 @$1,000/oz Cash & bullion $281 ~$1.8B @$900/oz ~$1.4B Operations 2 ~$1.2B Credit facility availability $332 @$700/oz Sadiola

  25. Slide 25: Investment Highlights

    Investment Highlights Adjusted Net Earnings(1) / share ($) Sustainable Profitable Growth 0.60  Delivered outstanding results in 2009  Continued focus on disciplined & profitable growth 0.08  Strong Project Pipeline 2004 2009 Operating Cash Flow / share  Financial strength to leverage future grow

  26. Slide 26: Bank of America Merrill Lynch Presentation

    BANK OF AMERICA MERRILL LYNCH PRESENTATION May 11, 2010 IAMGOLD Corporation 401 Bay Street, Suite 3200 Toronto, ON M5H 2Y4 Canada T: 416 360 4710 E: info@iamgold.com

IAMGOLD — Bank of America Merrill Lynch Presentation 2010 on 6ix