Slide 1: First Quarter Conference Call
May 2008 May 14th, 2009 2009 First Quarter Conference Call Joseph Conway President & CEO
Slide 2: Cautionary Statement
2 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 re
Slide 3: Presenters
3 3 Presenters Joseph Conway President & CEO Carol Banducci Chief Financial Officer Gordon Stothart Chief Operating Officer
Slide 4: Q1 2009 Highlights
4 Q1 2009 Highlights Strong Results Share Price Relative Performance FINANCIAL RESULTS 60% 50% Results in line with guidance 40% Net earnings increased by 53% to $52.5 million 30% 20% OPERATING RESULTS 10% 0% Production of 212,000 ounces -10% -20% Cash cost reduced to $464 per ounce Op
Slide 5: Q1 2009 Financial Results
5 Q1 2009 Financial Results Increased Earnings ($ millions) Q1 2009 Q1 2008 Revenues 188.6 208.0 Earnings from Operations 67.3 59.2 Net earnings 52.5 34.4 Earnings per share 0.17 0.12 (fully diluted) Operating cash flow 61.3 73.1
Slide 6: Q1 2009 Operating Results
6 Q1 2009 Operating Results Lower Costs ($ millions) Q1 2009 Q1 2008 Gold Operating Results Gold production 212 234 (000 oz) Gold price realized $884 $900 ($/oz) Cash cost $464 $476 ($/oz) Non-gold Operating Results Niobium production 985 1,151 (000 kg Nb) Niobium sold 863 1,046 (000 kg Nb) Operatin
Slide 7: Q1 2009 Operating Results
7 Q1 2009 Operating Results Continued Margin Growth Cash Costs vs Realized Gold Price ($/oz) Average $884 Realized $855 Gold Price Margin Cash Costs $693 $607 Margin Cash Costs
Slide 8: Q1 2009 Equity Financing
8 Q1 2009 Equity Financing Strong Financial Position • Raised $282 million in gross proceeds in Equity Financing • Cash & Bullion1: $463 million Credit facility2: $90 million Funds Available: $553 million • Well positioned to fund all existing 2009 capex, plus cash available for acquisition opportun
Slide 9: Essakane Acquisition
9 Essakane Acquisition Increased Company Reserves, Near Term Production • Acquisition of Orezone Resources Inc. in an all share deal closed Feb 25th 2009 • A second flagship mine to produce over 300,000 ounces per year • Acquired reserves and resources at $45/oz and $35/oz respectively (at Dec 11. 2
Slide 10: Reserves Growth
10 Reserves Growth Continued Growth in Q1 2009 Mozs Proven & Probable Gold Reserves • 29% increase to 12.4 million ounces from Essakane acquisition Measured & Indicated Resources* • 26.4 million ounces 12.4 Moz 2.8 Moz Essakane acquisition 9.6 Moz 1.6 Moz Net 2.7 Moz 8.0 Moz addition addition 1.1 Mo
Slide 11: Health, Safety & Sustainability
11 Health, Safety & Sustainability Continuing commitment to Zero Harm Q1 2009 HIGHLIGHTS SAFETY 20% reduction in lost time accidents & modified duty injuries, zero fatalities ENVIRONMENT No significant incidents COMMUNITY Essakane relocation project continued successfully CERTIFICATION Head Office b
Slide 12: Q1 2009 Operations
Q1 2009 Operations FOCUS DISCIPLINE RESULTS Three Focus Areas: West Africa, Guiana Shield and Quebec 1 2 Doyon Division 3 4 7 Gold Mines Rosebel Mupane Niobec SURINAME CANADA BOTSWANA CANADA Niobec Niobium Mine 83,000 oz 27,000 oz 14,000 oz 985,000 kg Nb 5 6 Sadiola Yatela MALI MALI 24 36,000 oz
Slide 13: Rosebel, Suriname
13 Rosebel SURINAME Record Gold Production, Reduced Cash Costs • OPERATIONS • Production increased 16% to 83,000 ounces • Cash costs reduced 19% to $393/oz • 39% of Q1 2009 Company production • Royalty expenses down $60/oz compared to Q1 2008 • $15 million capex in Q1 2009 • PROJECT IMG Ownership 95
Slide 14: IAMGOLD Operations
14 IAMGOLD Operations MUPANE DOYON DIVISION IMG Ownership 100% 100% Location Botswana Quebec M&I Resources (oz)* Inferred Resources (oz) 598,000 453,000 (as at Dec. 31, 2008) 25,000 570,000 *M&I resources are inclusive of reserves Q1 2009 Q1 2008 2009E Q1 2009 Q1 2008 2009E Attributable Gold Product
Slide 15: Niobec Mine, Quebec
15 Niobec Mine, Quebec High Margin, Strong Cash Flow • OPERATIONS • Mine production and throughput were lower due to a planned shutdown for hoist and plant maintenance, lower grades and recoveries • Operating margin increased 38% over Q1 2008 • PROJECT IMG Ownership 100% • Paste backfill system will
Slide 16: West African Joint Ventures
16 West African Joint Ventures SADIOLA TARKWA YATELA DAMANG IMG Ownership 38% 18.9% 40% 18.9% JV: Anglogold Ashanti JV: Goldfields Ltd. JV: Anglogold Ashanti JV: Goldfields Ltd. Location Mali Ghana Mali Ghana M&I Resources (oz)* 2,348,000 2,462,000 313,000 407,000 Inferred Resources (oz) (as at Dec.
Slide 17: Q1 2009 Development Projects
17 Q1 2009 Development Projects FILLING THE PIPELINE Three Focus Areas: West Africa, Guiana Shield and Quebec 1 Essakane 22 Westwood 4 Advanced Stage BURKINA FASO CANADA Development Projects Aggressive Greenfields Exploration Late 2010, Est. 315,000 oz Early 2013, Est. 200,000 oz 3 Quimsacocha E
Slide 18: Essakane, Burkina Faso
18 Essakane, Burkina Faso Near Term Production, On Schedule CONSTRUCTION UPDATE Q1 2009 expenditures of $44 million ($25 million since acquisition ) Changed to owner construction from ECPM March 2009 historic ground breaking ceremony 6,000 attendees present to officially launch the construct
Slide 19: Westwood, Quebec
19 Westwood, Quebec Long Life, Low Cost • CONSTRUCTION UPDATE • Q1 2009 expenditures of $13.9 million • January 2009 updated positive scoping study provides further confidence on production in early 2013 • Raise bore for exploration shaft started in Aug. 2008 completed March 2009 • Shaft sinking has
Slide 20: Quimsacocha, Ecuador
20 Quimsacocha, Ecuador Ready to Resume Development UPDATE • Pre-feasibility study completed mid 2008 • April 2008: Mining Mandate passed by Ecuador, 180 day moratorium on mining. • Jan. 2009: New mining law ratified; royalties not less than 5% on gold. • Feb. 2009: Meeting with President Correa a
Slide 21: Other Development Projects
21 Other Development Projects Updates CAMP CAIMAN GREENFIELDS EXPLORATION IMG Ownership 100% SOUTH AMERICA Location French Guiana Suriname – Sarakreek M&I Resources (oz)* 1,615,000 Suriname – Rosebel Regional Inferred Resources (oz) (as at Dec. 31, 2008) 249,000 Guyana – Eagle Mountain Mine Life (ye
Slide 22: Taking IAMGOLD to the Next Level
22 Taking IAMGOLD to the Next Level Conclusions Q1 was an excellent start to an important building year • Consistent operating results • Margin Growth • Accretive acquisition • Dramatic Reserve growth • Strengthened financial position
Slide 23: May 2008 401 Bay Street, Suite 3200, PO Box 153 Toronto, Ontario, Canada M5H
May 2008 May 14th, 2009 401 Bay Street, Suite 3200, PO Box 153 Toronto, Ontario, Canada M5H 2Y4 T 416 360 4710 F 416 360 4750 TF 1 888 IMG 9999 W www.iamgold.com E info@iamgold.com