Slide 1: Maximizing Returns for Investors
Maximizing Returns for Investors GMP Mining Jamboree 2012 February 4, 2012 Steve Letwin President & CEO TSX: IMG NYSE: IAG
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
Slide 3: IAMGOLD's Platform – High Quality, Long-Life Assets
IAMGOLD’s Platform – High Quality, Long-Life Assets YATELA SADIOLA Senegal ESSAKANE Mali Boto Val d’Or Siribaya Burkina Faso NIOBEC Westwood Kalana Suriname MOUSKA Colombia ROSEBEL Quimsacocha Peru MINE Brazil Development Project Advanced Exploration Exploration Office Natural extensions with signif
Slide 4: Gold Production Forecast
Gold Production Forecast Gold production attributable to IAMGOLD 1,000-1,100 1,000-1,100 939 967 972 76 840-910 Discontinued operations 239 337 Essakane (90%) 214 Rosebel (95%) Sadiola (41%) & Yatela (40%) 000s oz 122 Mouska 392 395 385 224 178 150 109 33 24 '09 '10 '11 '12E '13E '14E Sustaining ann
Slide 5: Considerable Financial Flexibility
Considerable Financial Flexibility $1.7B available at end of Q3 1,670 Significant positive cash flow 350 Credit Facility available 1 100 Marketable 2 $1B shelf prospectus Securities $ Millions 1,220 Cash & Bullion 3 Zero debt at Q3'11 1 Available undrawn portion, credit facility expiring April 2013
Slide 6: Dividends have increased 317% since December 2010
Dividends have increased 317% since December 2010 Dividends paid per Share $0.30 $0.25 $0.25 $0.20 $0.20 $ US $0.15 $0.10 $0.08 $0.06 $0.05 $- Previous Jan 14 2011 Jul 20 2011 Jan 5 2012 First Date Payable Growing dividends while investing in growth 6
Slide 7: Growth Strategy
Growth Strategy Expand and optimize existing mines Increase productivity Pursue exploration plays Evaluate acquisition opportunities Surface full value of Niobec Exploit rare earth potential Focused on maximizing return on capital 7
Slide 8: Planned Capital Expenditures for Gold Operations
Planned Capital Expenditures for Gold Operations 2012 Capital Expenditure Essakane › Assumes positive decision on expansion feasibility study › Additional water storage pond and river diversion › Additional power generation for hard ore 790 Rosebel › Crushing & grinding circuit expansion, resource d
Slide 9: Current Rosebel Expansion Focused on Optimizing Open Pit Mine
Current Rosebel Expansion Focused on Optimizing Open Pit Mine 4th expansion in 7 years Based on 2010 SRDP Base Case Expansion Accelerated Mine Life 18 years 11 years production reduces costs 12 Mtpa and brings Processing Rate 12-14 Mtpa declining to 6 Mtpa cash flow forward 55 Mtpa Nominal Mining Ra
Slide 10: Future Expansion potential at Rosebel is Significant
Future Expansion potential at Rosebel is Significant ROSEBEL Suriname Rosebel resources Areas being considered for next expansion: Charmagne West Charmagne Headley’s Reef West Charmagne Charmagne Headley’s Announced Heads of Agreement Reef with Government of Suriname on Dec. 21’11 to support signifi
Slide 11: Current Essakane Expansion will Double Hard Rock Processing
Current Essakane Expansion will Double Hard Rock Processing Based on 2010 SRDP Base Case Expansion Accelerated Processing Rate Soft rock: 9 Mtpa first 3 yrs, Soft rock: 9 Mtpa first 3 yrs, production then Hard rock: 5.4 Mtpa then Hard rock: 10.8 Mtpa reduces Nominal Mining 30 Mtpa 40 Mtpa costs and
Slide 12: Mine Lease – Essakane Main Zone (EMZ)
Mine Lease – Essakane Main Zone (EMZ) EMZ north extension (exploration) Alluvium/Aeolian sand Resource Drilling EMZ West dump East dump Resource Drilling Airstrip Falagountou EMZ south extension (exploration) TSF Aeolian Sand Orpaillage outline Significant exploration potential at Essakane 12
Slide 13: Sadiola Sulphides Expansion Plan
Sadiola Sulphides Expansion Plan Based on Interim FS Base Case Expansion IAMGOLD initiated Mine Life 8 years 15 years the sulphide Processing Rate 4.6-5.0 Mtpa 7.5-8.5 Mtpa project which will Nominal Mining Rate 25-30 Mtpa 50-60 Mtpa increase the declining to 20 Mtpa throughput, Strip Ratio annual p
Slide 14: Project Development Timelines
Project Development Timelines Rosebel 2011 2012 2013 2014 2015 Expansion Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Construction GRAVITY CIRCUIT Commissioning/ Production GRINDING Construction CIRCUIT Commissioning/ Production EXPANSION SRDP 2011 FUTURE Prefeasibility Essakane 2011
Slide 15: Westwood Development Project
Westwood Development Project 2012 Expenditures $220M Deepening the shaft Developing drift levels for future mining Building up an ore stockpile Quebec IAMGOLD: 100% Ownership Indicated Resources1 269,000 oz Inferred Resources1 3,467,000 oz LOM Average Annual Production 180,000-200,000 oz 1Indicated
Slide 16: Active Exploration Areas
Active Exploration Areas 2012 Exploration Budget Brownfields $47M $130M Greenfields $83M Mali Quebec Senegal Burkina Colombia Suriname Faso Peru Brazil Exploration Office 16
Slide 17: Proven Acquisition Strategy
Proven Acquisition Strategy Acquisitions from 2003-2009 Track Record of Building Value Essakane Rosebel Cost of Capital Doyon/Mouska/Westwood Acquisitions Spend Niobec Mupane $1.9B $1.1B Tarkwa & Damang Prospective exploration lands Asset Operating 2011 Analyst Consensus NAV of Assets acquired by IA
Slide 18: Niobium Mine has Significant Expansion Potential
Niobium Mine has Significant Expansion Potential Strong industrial base, sound infrastructure Operating for 30+ years Quebec PEA (NI 43-101) confirmed ~700% Niobec increase in resources and potential Inc. tripling of production Remaining mine life 40+ years IAMGOLD: 100% Ownership Employment and eco
Slide 19: Niobium Provides Significant Benefits to Steel Industry
Niobium Provides Significant Benefits to Steel Industry 5% km/l 100 kg reduction in weight Increased Fuel efficiency $25 M 15,000 t reduction in weight Cost Reduction Stronger, lighter weight, more durable and flexible steel 19
Slide 20: Planned Capital Expenditures for Niobec
Planned Capital Expenditures for Niobec 2012 Capital Expenditure To advance expansion feasibility study Process improvements related to growth and expansion Includes sustaining CAPEX of $23M for underground infrastructure and equipment to support mining over the next 4 or 5 years $ Millions 540 350
Slide 21: Rare Earth Inferred Resource: 467 Million Tonnes
Rare Earth Inferred Resource: 467 Million Tonnes Rare earth element (REE) zone Grade 1.65% Total Rare Earth Oxides (TREO) 98% Light REEs, including › Cerium (47.9%) › Lanthanum (24.5%) › Neodymium (18.4%) Shaft 2% Heavy REEs Potential development would be self-funded Niobec mine Scoping study will d
Slide 22: Rare Earths are Integral to a Wide Range of Fast Growing Markets
Rare Earths are Integral to a Wide Range of Fast Growing Markets REO Usage by Industry (2010E) Phosphorous 6% Other Glass 4% Additives 6% Magnets Auto 25% Catalysts 7% Metallurgy, excl. batteries 9% Fluid Cracking Catalysts Polishing 15% Powder 14% Battery Alloy 14% Demand for REEs Growing at 9-15%
Slide 23: Speed to Market Advantage
Speed to Market Advantage Adjacent to Niobec REEs N Mining friendly jurisdiction St-Honoré NIOBEC Excellent community relations Very competitive hydro power rates (~$0.045 per kWh) Saguenay Existing road and rail Port infrastructure Rail Line Close proximity to deep water ports with ocean access Q
Slide 24: Funding for Growth Initiatives
Funding for Growth Initiatives Gold Operations Niobium Operation $2.5B @ $2,000/oz $2.0B $1.8B @ $1,700/oz $0.6B IPO Essakane Rosebel $1.7B $0.9B @ $1,500/oz $0.6B Strategic Sale $0.6B to $0.8B Westwood Credit Facility $0.3B Sadiola Cash Flow $0.3B (2012E-2014E) Capital Expenditures Operating Cash F
Slide 25: Conduct Governed by Zero Harm Framework
Conduct Governed by Zero Harm Framework Highest standards in Health and Safety Minimizing Environmental Footprint Partnering with Host communities Highest standards of corporate social responsibility 25
Slide 26: Appendix
Appendix TSX: IMG NYSE: IAG
Slide 27: Rosebel Gold Mine
Rosebel Gold Mine Suriname IAMGOLD: 95% Ownership P&P Reserves1 (000 oz) 5,892 M&I Resources2 (000 oz) 7,531 Inferred Resources (000 oz) 609 Q3’11 YTD Head Grade 1.0 g/t Q3’11 YTD Recovery 94% Q3’11 YTD Attributable Production (000 oz) 281 2010 Attributable Production (000 oz) 395 Q3’11 YTD Cash Cos
Slide 28: Essakane Gold Mine
Essakane Gold Mine Burkina Faso IAMGOLD: 90% Ownership P&P Reserves1 (000 oz) 4,015 M&I Resources2 (000 oz) 4,351 Inferred Resources (000 oz) 1,503 Q3'11 YTD Head Grade 1.6 g/t Q3'11 YTD Recovery 96% Q3'11 YTD Attributable Production (000 oz) 243 2010 Attributable Production (000 oz) 122 Q3'11 YTD C
Slide 29: Sadiola Gold Mine
Sadiola Gold Mine Mali IAMGOLD: 41% Ownership P&P Reserves1 (000 oz) 2,297 M&I Resources2 (000 oz) 3,481 Inferred Resources (000 oz) 991 Q3'11 YTD Head Grade 1.9 g/t Q3'11 YTD Recovery 95% Q3'11 YTD Attributable Production (000 oz) 93 2010 Attributable Production (000 oz) 118 Q3'11 YTD Cash Cost3 $7
Slide 30: 2012 Guidance
2012 Guidance 2012 Guidance (000s ounces) Attributable gold production Rosebel 370-395 Essakane 320-345 Mines owned and operated by IAMGOLD 690-740 Sadiola and Yatela 150-170 Total Production 840-910 Cash Costs ($/oz) $670-695 Niobium Production (MKg) 4.6-5.1 Niobium Operating Margin ($/kg) $15-17 /
Slide 31: Management Team
Management Team Bob Carreau Senior Vice President, Health, Safety & Sustainability Steve Letwin President & Chief Executive Officer Michael Donnelly Senior Vice President, Exploration Benjamin Little Senior Vice President, Corporate Affairs Gordon Stothart Denis Miville-Deschênes Executive Vice Pres
Slide 32: Maximizing Returns for Investors
Maximizing Returns for Investors February 3, 2012 401 Bay Street, Suite 3200 Toronto, ON M5H 2Y4 Canada 1-888-464-9999 www.iamgold.com INVESTOR RELATIONS 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 TSX: IMG