Slide 1: Third Quarter 2009 Conference Call
November 4th, 2009 Third Quarter 2009 Conference Call Joseph F. 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: Management Team
3 Management Team Joseph F. Conway Carol Banducci Gordon Stothart Larry E. Phillips President & CEO EVP & CFO EVP & COO EVP, Corporate Affairs Denis Miville-Deschenes Michael Donnelly Ross Gallinger John McCombe SVP, Exploration SVP, Health, Safety & SVP, Operating Strategy SVP, Project Development
Slide 4: Q3 2009 Highlights
4 Q3 2009 Highlights Increased Outstanding Results on All Fronts Production Guidance 940-950koz Record Production at Exceptional Rosebel 130% Balance 106 koz Sheet Record $467M Earnings available TSX: IMG NYSE: IAG $0.18 /share Shares outstanding: Market Capitalization: 368 million $5.2 billion IAG
Slide 5: Q3 2009 Highlights: Consistently Delivering Results
5 Q3 2009 Highlights Consistently Delivering Results Outstanding Health and Safety Record Additional Increase in Guidance: 940,000 to 950,000 oz Record Rosebel Production - Again Essakane Accelerated Early Production Rate Westwood Advancing Shaft, Headframe Substantially Complete Niobec Mill Expansi
Slide 6: Q3 2009 Operating Results
6 Q3 2009 Operating Results Solid Production, Lower Costs, Increased Margin Gold Margin Q3 YTD 500 ($/oz) 2009 2009 2009E 400 Gold Operating Results 300 1 200 Gold production 244 705 940–950 (000 oz) 100 Gold price realized 0 $961 $915 ($/oz) 2006 2007 2008 YTD 2009 Cash cost $457 $452 $460–$470 ($/
Slide 7: Q3 2009 Financial Results
7 Q3 2009 Financial Results Earnings from Operations up 45% (US$ millions) Q3 Q3 9 mos 9 mos 300 Earnings from Operations 2009 2008 2009 2008 ($ millions) 250 Revenues 235.2 226.9 649.1 660.0 200 Earnings from 95.0 65.3 254.9 202.2 Operations 150 Net earnings 64.9 18.8 161.5 86.5 100 Earnings per sh
Slide 8: Exceptional Balance Sheet
8 Exceptional Balance Sheet Continue to be Net Cash Positive and Positioned for Growth Five Year Accumulated Cash Flow vs. Capital Needs (US$ millions) June Sept. ($Billions) 30, 30, ~$1.8B 2009 2009 ~$1.6B @$1,000/oz Operations 1 ~$1.4B Cash & bullion $395 $344 Sadiola Deeps @$850/oz Essakane ~$1.1
Slide 9: Q3 Cash Position
9 Q3 Cash Position Q3 Change in Cash & Market Value Bullion $millions $89.3 $2.8 ($126.2) $6.1 $395 ($40.0) $12.0 ($1.8) $344 $6.5
Slide 10: Health, Safety & Sustainability
10 Health, Safety & Sustainability Continuing Commitment to Zero Harm Q3 2009 HIGHLIGHTS SAFETY 49% reduction in accident severity and frequency YTD, Zero fatalities ENVIRONMENT Zero significant incidents, continued environmental management COMMUNITY New Essakane main village under construction, on
Slide 11: Global Operations & Growth
Global Operations & Growth FOCUS DISCIPLINE RESULTS 11 Long Standing Presence, Long Term Future ROSEBEL SURINAME DOYON QUEBEC MUPANE BOTSWANA NIOBEC QUEBEC SADIOLA MALI YATELA MALI TARKWA GHANA DAMANG GHANA ESSAKANE BURKINA FASO WESTWOOD QUEBEC
Slide 12: Rosebel Suriname
12 Rosebel SURINAME Record Production, Lower Costs (000 oz) (US$/oz) Production & Cash Costs 500 $500 400 $400 300 $300 200 $200 100 $100 IMG Ownership 95% 0 $0 2007 2008 2009E Location Suriname Record attributable production of 106,000 oz M&I Resources (oz)* 9,656,000 Inferred Resources (oz) 216,
Slide 13: IAMGOLD Operations
13 IAMGOLD Operations DOYON DIVISION MUPANE IMG Ownership 100% 100% Location Quebec Botswana M&I Resources (oz)* 453,000 598,000 Inferred Resources (oz) 570,000 25,000 Q3 2009 Q3 2008 2009E Q3 2009 Q3 2008 2009E Attributable Gold Production (oz) 30,000 27,000 113,000 11,000 26,000 53,000 Cash Cost (
Slide 14: West African Joint Ventures
14 West African Joint Ventures SADIOLA YATELA TARKWA DAMANG IMG Ownership 38% 40% 18.9% 18.9% JV: AngloGold Ashanti JV: AngloGold Ashanti JV: Goldfields Ltd. JV: Goldfields Ltd. Location Mali Mali Ghana Ghana M&I Resources (oz)* 2,348,000 313,000 2,462,000 407,000 Inferred Resources (oz) 786,000 34,
Slide 15: Sadiola – Renewed Opportunity
15 Sadiola – Renewed Opportunity Approval for Deep Sulphide Feasibility Study & Purchase of IFC 6% APPROVAL TO PROCEED WITH SADIOLA DEEP SULPHIDE FEASIBILITY STUDY The 2009 Pre-feasibility Study projects an increase in production at Sadiola to 400 - 500kozs per year from 2013 to 2018 with an end o
Slide 16: Sadiola – Renewed Opportunity
16 Sadiola – Renewed Opportunity Sadiola Deeps Pre-feasibility Summary1 MINEABLE RESOURCE BY CATEGORY1 (Sadiola Deep Pit Only) Constrained Resource by Category Saprolite Saprolite Hard Hard Total (at $800/oz) Oxide Sulphide Oxide Sulphide Measured & Indicated Tonnes (kt) 3,022 1,628 670 27,982 33,30
Slide 17: Niobec Mine Quebec
17 Niobec Mine QUEBEC Paste Backfill & Mill Expansion on Track Production & Margin 5000 $25 4000 $20 3000 $15 2000 $10 1000 $5 IMG Ownership 100% 0 $0 2006 2007 2008 2009E Location Quebec M&I Resources (tonnes Nb2O5)* 137,800 Mill Expansion to increase production 25% Inferred Resources (t Nb2O5) (
Slide 18: Essakane Burkina Faso
18 Essakane BURKINA FASO Ahead of Schedule & On Budget Announced acceleration of early years’ production rate CONSTRUCTION UPDATE Production in 10 months SAG mill, ball mill, crusher & all trucks on-site IMG Ownership 90% Village relocations on track Location Burkina Faso CIL tanks on trac
Slide 19: Essakane Burkina Faso
19 Essakane BURKINA FASO Over 3 million Manhours without a Lost Time Accident Crusher CIL Tanks Village relocation Stockpiling
Slide 20: Westwood Quebec
20 Westwood QUEBEC Long Life, Low Cost 14 kms Planned Exploration shaft Bousquet 2kms 10 m / 11.5 g/t Au IMG Ownership 100% 5 m / 23 g/t Au Resources Resourc La Ronde Location Quebec, Canada CONSTRUCTION UPDATE es M&I Resources (oz) 98,000 oz Shaft sinking on track for 500m 2009 target Inferred Re
Slide 21: Development Projects
21 Development Projects QUIMSACOCHA CAMP CAIMAN IMG Ownership 100% 100% Location Ecuador French Guiana M&I Resources (oz)* 2,107,000 1,615,000 Inferred Resources (oz) 61,000 249,000 Mine Life (years) (est.) 7.5 7 Annual Production (est.) 202,000 125,000 Cash cost per oz (est.) $272 $320 Estimated Ca
Slide 22: Greenfields Exploration
22 Greenfields Exploration Aggressive Organic Growth UPDATE 2009 forecast $36 million Kalana Gold Project: • Existing high grade resource & 387km2 exploration property • Bulk tonnage opportunity • Exploration commenced Region/Country Location Merrex Gold Project: SOUTH AMERICA • Drill results
Slide 23: Taking IAMGOLD to the Next Level
23 Taking IAMGOLD to the Next Level Q3 2009 Continued Commitment to Results Superior share price performance (130% vs. 10% Gold Index YTD) Record earnings ($0.18/share) Record Operating Cash Flow ($0.24/share) Strong financial position ($467M available) What’s next? Continued focus on disc
Slide 24: “...outstanding share price performance, continued solid operating results, a well funded pipeline and strong
Joseph Conway President & Chief Executive Officer Gordon Stothart “...outstanding share price performance, Executive Vice President & Chief Operating Officer continued solid operating results, a well Carol Banducci funded pipeline and strong financial Executive Vice President & Chief Financial Offic