Iamgold Corporation · TSX:IMG
Iamgold — Q3 2023 Earnings Presentation
20 slides from Iamgold's earnings presentation, Nov 10, 2023
Slide 1: Q3 2023 Operating & Financial Results
Q3 2023 CONFERENCE CALL Q3 2023 Operating & Financial Results November 10, 2023 TSX: IMG l NYSE: IAG www.iamgold.com TSX: IMG l NYSE: IAG l www.iamgold.com
Slide 2: Cautionary Statement
Q3 2023 CONFERENCE CALL Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION 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 o
Slide 3: Technical Information and Qualified Persons
Q3 2023 CONFERENCE CALL Technical Information and Qualified Persons CAUTIONARY NOTE TO U.S. INVESTORS REGARDING DISCLOSURE OF MINERAL RESERVE AND MINERAL RESOURCE ESTIMATES The mineral resource and reserve estimates contained in this presentation have been prepared in accordance with NI 43-101 and t
Slide 4: Highlights
Q3 2023 CONFERENCE CALL Highlights CORPORATE & STRATEGIC Côté Gold on track to start production in Q1 2024 • Côté Gold will reposition the Company with a higher production base and lower cost profile, providing a strong foundation of cashflow generation and growth opportunities in Canada Cash + cash
Slide 5: Q3 2023 Highlights
Q3 2023 CONFERENCE CALL Q3 2023 Highlights OPERATING RESULTS (continuing ops) YTD YTD Q3 2023 Q3 2022 2023 2022 PRODUCTION Essakane (90%) koz 84 115 264 334 Gold production (attr., cont. ops.) of 109,000 ounces in Q3 | 329,000 ounces YTD • Essakane on track for annual targets despite disruptions to
Slide 6: 2023 Guidance Revisions
Q3 2023 CONFERENCE CALL 2023 Guidance Revisions SUSTAINING EXPANSION GOLD PRODUCTION1,2 (attributable ounces) CAPEX3,4 CAPEX3,4 ($M, incl. capitalized stripping) ($M) REAFFIRMED PRIOR UPDATED UPDATED ACTUAL YTD ACTUAL PRIOR ACTUAL PRIOR GUIDANCE GUIDANCE GUIDANCE GUIDANCE Essakane 264,000 340,000 –
Slide 7: Financial Results
Q3 2023 CONFERENCE CALL FINANCIAL HIGHLIGHTS – continuing operations Financial Results (In $ millions, unless otherwise stated) Q3 2023 Q3 2022 LIQUIDITY (as at September 30, 2023) Revenues 224.5 254.5 Cash and equivalents of $548.9 million + total liquidity1 of $1.0 billion Gross profit 4.6 22.8 •
Slide 8: Operations
Q3 2023 CONFERENCE CALL Operations 8
Slide 9: Essakane
Q3 2023 CONFERENCE CALL Essakane (100% basis, unless otherwise stated) Q3 2023 Q3 2022 YTD 2023 YTD 2022 Ore mined kt 2,015 3,259 6,369 10,894 Q3 2023 OPERATIONAL REVIEW Material mined – total kt 10,639 12,616 30,439 39,199 Attributable production of 84,000 ounces in Q3 | 264,000 ounces YTD Strip ra
Slide 10: Westwood Complex
Q3 2023 CONFERENCE CALL Westwood Complex (100% basis, unless otherwise stated) Underground lateral development metres Q3 2023 1,133 Q3 2022 951 YTD 2023 4,008 YTD 2022 3,006 Ore mined – underground kt 79 61 203 177 Q3 2023 OPERATIONAL REVIEW Ore mined – other sources kt 231 243 580 620 Gold producti
Slide 11: Côté Gold
Q3 2023 CONFERENCE CALL Côté Gold PROJECT CONSTRUCTION PROGRESS PROJECT COMPLETION: 90.6% | CONSTRUCTION COMPLETION: 92.0% (@ Sept. 30, 2023) 5% 100% • Health and safety: Total project hours of 13.2 million hours with a project TRIFR of 0.68. 4% 80% • Labour and workforce: 1,800 – 1,900 workers on s
Slide 12: Côté Gold
Q3 2023 CONFERENCE CALL Côté Gold Côté Gold Project aerial view – October 2023 TMF Phase II construction – October 2023 HV Substation and Coarse Ore Dome – October 2023 Crushing and conveyors – October 2023 Ball mill – October 2023 Tailing thickener and leach tanks – October 2023 12
Slide 13: Côté Gold: Upcoming Milestones
Q3 2023 CONFERENCE CALL Côté Gold: Upcoming Milestones 2022 2023 2024 2025 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 TMF Phase I Q2/23 ✓ Earthworks TMF Phase II Q4/23 Overburden Removal ✓ Q3/23 Pre-Commissioning & Commissioning AHS Control Room ✓Q4/22 Mining IAG Fleet to Support Earthworks ✓ Q2/23 Ore
Slide 14: Côté Gold: Gosselin
Q3 2023 CONFERENCE CALL CÔTÉ GOLD PROJECT – MINERAL RESERVES & RESOURCES (2022)2,3,4 Côté Gold: Gosselin Tonnes Grade Contained Attributable Contained Classification (millions) (g/t Au) (Moz Au) (Moz Au) 16,495 m drilling campaign in 2023 to expand Gosselin mineralization Côté Gold Deposit • Assay r
Slide 15: Q3 2023 Conference Call
Q3 2023 CONFERENCE CALL 15
Slide 16: Gold Mineral Reserves – 100% Basis
Q3 2023 CONFERENCE CALL Gold Mineral Reserves – 100% Basis As of December 31, 2022 PROVEN PROBABLE TOTAL RESERVES Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces DEPOSIT Type* Location (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) Burkina Essakane 1 OP Faso 21,413 0.7
Slide 17: Gold Mineral Resources – 100% Basis
Q3 2023 CONFERENCE CALL Gold Mineral Resources1,2 – 100% Basis (Measured & Indicated Resources are inclusive of Proven & Probable Reserves) As of December 31, 2022 MEASURED INDICATED MEASURED + INDICATED INFERRED Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces DEPOSIT
Slide 18: Notes to the Gold Mineral Resources Statement
Q3 2023 CONFERENCE CALL Notes to the Gold Mineral Resources Statement 1 In mining operations, Measured Mineral Resources and Indicated Mineral Resources that are not Mineral Reserves are considered uneconomic at the price used for Mineral Reserve estimations but are deemed to have a reasonable prosp
Slide 19: Notes
Q3 2023 CONFERENCE CALL Notes 19
Slide 20: Graeme Jennings, VP, Investor Relations
Q3 2023 CONFERENCE CALL Graeme Jennings, VP, Investor Relations 416-388-6883 TSX: IMG l NYSE: IAG l www.iamgold.com