Slide 1: First Quarter 2018 Results
First Quarter 2018 Results May 8, 2018 Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l
Slide 2: Management Participants
Management Participants Steve Letwin President & Chief Executive Officer “comes euaveaieaentn chat opening oe nnn cece tutes nnn “ceuoun even swears tse inninnaninniiniiinininnaennt i tan <cscalenmelentvncopants betpnen sna Ken Chernin Vice President, Investor Relations HIAMGOLD 2
Slide 3: Cautionary Statement
Cautionary Statement 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 or estimates of future performance, other than statements of historical fact, const
Slide 4: Strategic Overview
Strategic Overview
Slide 5: Strong Start to 2018
Strong Start to 2018 Execute and Communicate 229 koz of attributable production All-in Sustaining Cost1 of $953 per ounce Strong balance sheet Growth projects on track 2018 cost and production guidance confirmed 1 This is a non-GAAP measure. Refer to the non-GAAP performance measures section of the
Slide 6: World's Largest Hybrid Solar/Thermal Power Plant
World’s Largest Hybrid Solar/Thermal Power Plant Essakane Mine, Burkina Faso Commissioned in Q1’18 • 15MWp solar plant + 57MW thermal plant • Approximately 130,000 photovoltaic panels • Decrease fuel consumption by ~6 million litres per year • Reduce annual CO2 emissions by 18,500 tons 5
Slide 7: Executing Our Organic Growth Strategy
Executing Our Organic Growth Strategy Targeting 1.2Moz - 1.3Moz/year by 2022, with AISC below $850 ounce Future Growth Options Further expansion at mines and exploration projects in the pipeline Boto Gold Côté Gold Investment Advancing decision to be Westwood towards made Ramping up development Rese
Slide 8: Financial Review
IAMGOLD’ CORR P20 Re AGT | ON
Slide 9: Net Operating Cash Flow Up 58% on Higher Earnings
Net Operating Cash Flow Up 58% on Higher Earnings (In $ millions, except for per share amounts) Q1 2017 Q1 2018 Variance Revenue1 $261 $315 21% Gross profit $35 $76 117% Net operating cash flow $67 $106 58% Net earnings (loss)3 $(18) $42 335% Adjusted net earnings2,3 $5 $40 692% Adjusted EPS2,3 ($/s
Slide 10: Adjusted Net Earnings Per Share of $0.09
Adjusted Net Earnings Per Share of $0.091,2 $4.6M $42.3M $40.4M $(6.5)M $0.09/share $0.09/share 2 1,2 Net earnings Adjusting items Tax adjustments Adjusted net earnings 1 This is a non-GAAP measure. Refer to the non-GAAP performance measures section of the MD&A for more information. 2 Attributable t
Slide 11: Outstanding Derivative Hedge Contracts
1 Outstanding Derivative Hedge Contracts 2018 2019 2020 2021 2022 Foreign Currency Canadian dollar contracts (millions of C$) 161 Contract rate range (C$/$) 1.30 - 1.45 Hedge ratio 72% Euro contracts (millions of €) 62 Contract rate range ($/€) 1.08 - 1.19 Hedge ratio 32% Commodities Brent oil contr
Slide 12: Strong Liquidity
Strong Liquidity Cash and cash equivalents $705 M Short-term investments $126 M Available credit facility1 $249 M Total Liquidity2 $1,080 M 1 The revolving credit facility has been extended by two years to March 2022 and has been amended to include the option to add a further $100 million to the exi
Slide 13: Operations
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Slide 14: Production Tracking to Guidance
Production Tracking to Guidance (000’s ounces) 850 - 900 900 882 806 813 800 700 600 500 400 300 200 Q1'18: 229 100 0 2015 2016 2017 2018E Source: Company filings 13
Slide 15: All-in Sustaining Costs Tracking to Guidance
All-in Sustaining Costs Tracking to Guidance ($/oz) 1150 $1,118 1100 $990 - $1,070 $1,057 1050 $1,003 1000 Q1'18: 950 $953 900 850 800 2015 2016 2017 2018E Source: Company filings 14
Slide 16: Essakane – Burkina Faso (90%)
Essakane – Burkina Faso (90%) Q1 2018 Highlights Q1 2018 Actuals • Record quarterly production, up 17% due to planned mining of higher grades and positive reconciliation Attributable gold production (oz) 109,000 • Mill continues to perform above nameplate capacity TCC1 $665 • Recoveries continuing t
Slide 17: Rosebel – Suriname (95%)
Rosebel – Suriname (95%) Q1 2018 Highlights Q1 2018 Actuals • Attributable production down 12% due to grades and throughput Attributable gold production (oz) 65,000 • Processing of lower grade stockpiles TCC1 $829 • Mill throughput decreased primarily due to recirculation of hard rock through the SA
Slide 18: Westwood – Quebec (100%)
Westwood – Quebec (100%) Q1 2018 Highlights • Production up 33% due to higher throughput Q1 2018 Actuals • Excluding marginal ore stockpiles, ore grade mined underground Attributable gold production (oz) 40,000 was 8.56 g/t, or 25% higher than mill head grade TCC1 $716 • AISC down 10% primarily on h
Slide 19: Sadiola – Mali (41%)
Sadiola – Mali (41%) Q1 2018 Highlights Q1 2018 Actuals • Attributable production down 6% Attributable gold production (oz) 15,000 • Total cash costs and AISC down due to greater drawdowns of marginal ore stockpiles TCC1 $926 • Cessation of mining activities at the end of the quarter due AISC1 $939
Slide 20: Côté Gold Project
Côté Gold Project Ontario (64.75%) Key accomplishments since acquisition in 2012 Attributable 64.75% Tonnes Grade Contained Ounces • Completed Prefeasibility Study and initiated Feasibility Study (000) (g/t) (000 Au) • Converted 5.9 Moz (100%) from resources to reserves Probable Reserves1 126,961 0.
Slide 21: Boto Gold Project
Boto Gold Project Senegal (100%) Pre-feasibility Study Highlights Tonnes Grade Contained Ounces • Mine life of 13.5 years with mill throughput of 2.0Mtpa (000) (g/t) (000 Au) • LOM average annual production of nearly 100,000 oz with Probable Reserves1 26,841 1.64 1,415 higher production in early yea
Slide 22: Exploration
. Exploration
Slide 23: Saramacca – Exploration Update
Saramacca – Exploration Update • Potential to grow resource as deposit open at 100% Basis Tonnes Grade Contained Ounces depth and along strike in both directions (000) (g/t) (000 Au) Measured & Indicated1,2 14,444 2.20 1,022 • Drilling focused on increasing confidence in Inferred1 13,632 1.18 518 re
Slide 24: Consolidating a Gold District – Brokolonko
Consolidating a Gold District – Brokolonko • Secured exploration rights to Brokolonko in January 2018 • Commenced work to upgrade access roads • Geological mapping, outcrop sampling, and augre geochemical survey • Commenced preparation of drill pads for an RC drilling program to begin in June 23
Slide 25: Diakha-Siribaya
Diakha-Siribaya Mali (100%) Tonnes Grade Contained (000) (g/t) ounces Highlights: (000 Au) • Located approximately 10km south along strike Measured & Indicated1,2 2,102 1.9 129 from the Boto Gold Project in Senegal Inferred1 19,816 1.7 1,092 • Completed 5.3km diamond and reverse circulation drilling
Slide 26: Pitangui and Eastern Borosi
Pitangui Brazil (100%) Highlights: • Banded iron formation hosted deposit Tonnes Grade Contained Ounces (000) (g/t) (000 Au) • 25kms from Jaguar’s Turmalina mill 1 Inferred 5,365 4.7 819 • Completed over 2.8km of diamond drilling to expand São Sebastião deposit in Q1’18 • Continuing to test priority
Slide 27: Monster Lake and Nelligan
Monster Lake Quebec (50% JV Interest) Ownership: 50:50 JV with TomaGold, with option to earn up Tonnes Grade Contained Ounces 100% Basis (000) (g/t) (000 Au) to a 75% interest 1 Inferred 1,110 12.1 433 Highlights: • Inferred resources of 433koz (1.1Mt @ 12.14 g/t)1 • Completed 8.3km diamond drilling
Slide 28: Growth Catalysts
Growth Catalysts Preliminary reserve estimate for Saramacca expected in H2’18, targeting production start H2’19 Advance exploration at Brokolonko to confirm presence of mineralization and evaluate resource potential Consolidation of additional concessions at Rosebel Completion of Essakane He
Slide 29: Appendix
Appendix
Slide 30: 2018 Production and Cost Guidance
2018 Production and Cost Guidance Full Year Attributable Guidance 20181 Essakane (000s oz) 380 – 395 Rosebel (000s oz) 295 – 310 Westwood (000s oz) 125 – 135 Total owner-operated production (000s oz) 800 – 840 Joint Ventures (000s oz) 50 – 60 Total attributable production (000s oz) 850 – 900 Cost of
Slide 31: 2018 Capex Outlook
2018 Capex Outlook Non-Sustaining (Development/ $ millions Sustaining1 Expansion) Total4 Essakane $75 $75 $150 Rosebel $45 $85 $130 Westwood $20 $45 $65 Owner-operator $140 $205 $345 Corporate and Development Projects2 – $15 $15 Total owner-operator $140 $220 $360 Sadiola (Joint Venture)3 – $5 $5 To
Slide 32: Loma Larga – Optionality via Strategic Investment
Loma Larga – Optionality via Strategic Investment See INV news release dated July 14, 2016 Project Overview PFS Highlights* • IAMGOLD owns ~36% of INV Metals (TSX:INV) Mine Life ~11 years • PFS has robust economics with after-tax IRR of 26.3%, NPV@5% of US$300.9M, payback of 2.7 years Nameplate Capa
Slide 33: Technical Information and Qualified Person/Quality Control Notes
Technical Information and Qualified Person/Quality Control Notes The mineral resource estimates contained in this presentation have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The “Qualified Person” responsible for the super
Slide 34: Empowering People, Extraordinary Performance
Ken Chernin Laura Young Martin Dumont VP, Investor Relations Director, Investor Relations Senior Analyst, Investor Relations T: 416-360-4743 T: 416-933-4952 T: 416 933 5783 Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l