Iamgold Corporation · TSX:IMG
Iamgold — Investor Day (October 2024)
68 slides from Iamgold's investor day presentation, Oct 15, 2024
Slide 1: Côté Gold Mine Site Tour 2024
Côté Gold Mine Site Tour 2024 October 15-16, 2024
Slide 2: Aanii . Welcome . Bienvenue
We want to acknowledge Indigenous Nations as the original occupants of this territory and thank the generations of people who have been its caretakers since time immemorial. For thousands of years, Indigenous peoples have been the keepers of the land and we owe our ability to live, work and benefit
Slide 3: Cautionary Statement
Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION All information included or incorporated by reference in this news release, including any information as to the Company’s future financial or operating performance and other statements that express management’s expectati
Slide 4: Technical Information and Qualified Persons
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 news release have been prepared in accordance with NI 43-101 and the Canadian Institute of
Slide 5: IAMGOLD & Côté Gold Teams
IAMGOLD & Côté Gold Teams Renaud Adams • 30+ years of experience in global mining Maarten Theunissen • Chartered Accountant with 18+ years of President & CEO experience in senior executive positions and CFO experience in the mining industry, including (With IMG since 2023) mining operations located
Slide 6: Côté Gold Overview
Côté Gold Overview Côté Gold | An IAMGOLD mine 6
Slide 7: Executive Summary
Executive Summary 1 6 Ownership: • 60:40 IAG/SMM (indication given to return to 70:30 next month ) Location: • Ontario – 125 km SW of Timmins, 175 km N of Sudbury Acquisition: • Acquired in April 2012 for $505 M (0.9 Moz Indicated and 5.9 Moz Inferred)2 • Sumitomo acquired 30% undivided participatin
Slide 8: Côté Gold: Large-Scale and Long-Life Mine
Côté Gold: Large-Scale and Long-Life Mine Top 12 Gold Mines in Canada by Production1 (koz) 28 20 18 17 5 14 10 7 10 6 10 9 690 38 Remaining life of mine (years)2 585 Mines acquired in last 12 years 3 495 5 M&I Mineral Resources 2 (inclusive of reserves) 438 420 6 400 365 300 286 280 272 17 240 12 9
Slide 9: Côté Operational Strategy
Côté Operational Strategy 43-101 AUGUST 2022 MINE PLAN1 Mining Rate & Grade Processing Rate & Head Grade Production 75 1.50 15 1.50 600 500 495 Production (000 oz) Tonnes (Mt) Tonnes (Mt) 50 1.00 10 1.00 400 422 Grade (g/t) Grade (g/t) 300 25 0.50 5 0.50 200 100 0 0.00 0 0.00 0 1 2 3 4 5 6 7 8 9 10
Slide 10: Q3 Operating Results & Ramp
Q3 Operating Results & Ramp OPERATING HIGHLIGHTS & MILESTONES Q1 Q2 Q3 YTD Gold production of 68,000 oz (100%) in Q3 (100% basis, unless otherwise stated) 2024 2024 2024 2024 Ore mined kt 1,944 2,109 3,159 7,212 • Ramping up towards goal of exiting year at 90% of nameplate capacity (36,000 tpd) Grad
Slide 11: Q3 Operating Results & Ramp
Q3 Operating Results & Ramp PROCESSING Mill throughput of 1.6M tonnes at head grade of 1.41 g/t and 93% recoveries • Milling and leaching circuits have demonstrated capability to operate at, or above design capacity, availability improvements ongoing • Recoveries responding well to increased tonnage
Slide 12: Côté Tour Presentation Outline
Côté Tour Presentation Outline “Educate, update and look ahead” Day 1 1. ✓Côté Gold & Operations Overview 2. People, Health & Sustainability 3. Mining • Overview • Progress 4. Processing • Overview • Progress 5. Looking Ahead 6. Logistics for Tour Day 2 1. Exploration Côté Gold | An IAMGOLD mine 12
Slide 13: Tour Overview
Tour Overview B 3 A A TOUR STOPS A 1 – Office & Main Control Room 5 2 – Tailings Management Facility 3 – Côté Pit Overlook 4 – Processing Plant 4 5 – Truck Shop - Lunch - 6 – Core Shack (not shown here) OTHER POINTS OF INTEREST A – Stockpiles B – Camp Accommodations 2 1 Côté Gold | An IAMGOLD mine 1
Slide 14: People, Safety & Responsibility
People, Safety & Responsibility Côté Gold | An IAMGOLD mine 14
Slide 15: Health & Safety – A Core Focus
Health & Safety – A Core Focus 12-Month Rolling Average – End of Sept. 2024 Comparing our TRIFR against other mines in the Timmins Camp 2024 Achievements - New state of the art Occupational Health Centre - Implementation of Alcohol & Drug program site wide - Implementation of Occupational Health pro
Slide 16: Employment
Employment Operations 522 IAMGOLD operations team (average) 350 Contractor operations workforce (estimated) goal of25% Indigenous workforce by the fifth year of Operations at the Project Committed to leaving a sustainable and positive legacy that contributes to the economic and general well- being f
Slide 17: Responsibility to the Communities
Responsibility to the Communities Côté Gold is located on the traditional land of Côté in the Community Mattagami First Nation Flying Post First Nation Métis Nation of Ontario Community Sponsorships Donations Investments Côté Gold's Community Benefit schemes support sustainable development of the fo
Slide 18: Responsibility to the Environment
Responsibility to the Environment Reclamation Monitoring • Photo stations have been added around site to help track the process of reclamation sites. 18 Côté Gold | An IAMGOLD mine 18
Slide 19: Mining
Mining Côté Gold | An IAMGOLD mine 19
Slide 20: Our Autonomous Operations
Our Autonomous Operations AUTONOMOUS EQUIPMENT Côté Gold utilizes autonomous haulage and drilling with the primary equipment: • 23 autonomous CAT 793F haul trucks (18 currently with 21 by end of year) • 2 CAT 6060E electric shovels • 3 CAT 994K front-end loaders (+ one 995 loader in Q1-2025) • 5 Epi
Slide 21: Autonomous Haulage
Autonomous Haulage KEY HIGHLIGHTS 2023 • January 22nd Go-Live safely achieved with 1st CAT 793 • July 4th Commenced 24-hr operations • November Commissioning of 1st 6060 electric shovel • End 2023 14 AHT in operations, 6 MT ore stockpiled 2024 • February Commissioning of 2nd 6060 electric shovel • M
Slide 22: Autonomous Drilling
Autonomous Drilling KEY HIGHLIGHTS 2023 • May 1st Go-Live Autonomous drilling • June 1st Commenced 24-hr drilling • July 23rd Single Pit Vipers Daily record @ 572m drilled • September 30th Over 78 KM drilled safely since Go-Live • October 4 ADS Pit Vipers commissioned to support ramp up 2024 • April
Slide 23: Mining Highlights YTD
Mining Highlights YTD MINING OPERATIONS Q1 Q2 Q3 YTD (100% basis, unless otherwise stated) 2024 2024 2024 2024 Tonnes mined – ore kt 1,944 2,109 3,159 7,212 Tonnes mined – waste kt 5,653 8,495 7,219 21,277 Material mined – total kt 7,597 10,604 10,378 28,489 Grade Mined g/t 0.72 0.93 1.02 0.91 Strip
Slide 24: Mining Performance
Mining Performance DRILLING DRILLING & BLASTING STATS • PV availability improved this year. Currently at 75%-80% 60,000 5,000,000 4,500,000 • Integrated Epiroc-IMG maintenance team since Q2 50,000 4,000,000 • Transitioning to better ground conditions with less water and redrills 3,500,000 Blasted To
Slide 25: Stockpile Model
Stockpile Model STOCKPILE • Stockpile balance estimated at 9.1 Mt at the end of September1: Tonnes Grade Mt DF High grade: 0.2 1.40 g/t Medium grade: 3.5 0.88 g/t Low grade: 5.4 0.55 g/t Toal stockpile: 9.1 0.70 g/t POTENTIAL FOR BULK MINING • Analysis ongoing for potential of using a bulk mining ap
Slide 26: Reconciliation - YTD
Reconciliation - YTD YTD 2024 Resource Model Reserve Model Grade Control Model Reconciliation Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces 6,219,384 1.03 206,078 6,275,574 1.00 200,887 5,882,435 1.01 190,123 To Resource Model 1% -3% -3% -5% -2% -8% Comparisons To Reserve Model -6% 1%
Slide 27: Processing
Processing Côté Gold | An IAMGOLD mine 27
Slide 28: Primary and Secondary Crushing Circuits
Primary and Secondary Crushing Circuits Lime Silo Screening Building Fire Water Systems Coarse Ore Dome Fine Ore Bin Secondary Crusher Primary Crusher HPGR Côté Gold | An IAMGOLD mine 28
Slide 29: Processing Plant
Processing Plant From Primary & Secondary Pre-leach Thickener O2 Storage & Distribution Process Water Tank Leach Tanks(10) Crushing Secondary Cyclones 30 hrs Ball Mill Cyclones Cyanide Destruction Tailings Thickener SO2 Ball Mill Tailings Pump Verti-Mills (2) CIP Tanks (8) Refinery ADR Cyanide Mixin
Slide 30: Processing Flowsheet
Processing Flowsheet KEY COMPONENTS 1 Traditional primary/secondary crushing 4 2 Coarse ore stockpile in covered dome 3 HPGR crushing in tertiary stage 1 Coming into the plant and followed by two stages of 4 grinding (Ball mill & Vertical mill) 2 5 Standard Leach/CIP with Zadra elution circuit 4 • A
Slide 31: Ramp Up Progress
Ramp Up Progress MILLING OPERATIONS Q1 Q2 Q3 YTD PLANT THROUGHPUT (100% basis, unless otherwise stated) 2024 2024 2024 2024 42,000 SEPTEMBER Ore milled kt 48 834 1,633 2,515 SHUTDOWN 36,000 Average daily throughput1 tpd - 9,300 18,100 - Head grade g/t 0.81 1.39 1.41 1.39 30,000 Recovery % 80% 90% 93
Slide 32: Mill Successes
Mill Successes KEY COMPONENTS HANDLING LOAD RECOVERIES POST SHUTDOWN WINS • The plant achieved over 40,600 tpd on Sept • YTD recovery is above 93% on average, • Improved availability of plant with higher 25, 2024 and 40,900 tpd on Oct 15, 2024 significantly above design values: tonnages • Current to
Slide 33: Mill Improvement Initiatives
Mill Improvement Initiatives ABRASIVE RESISTANCE FILL THE DOME REFINE THE SCREENS • Nearly complete • Primary bottleneck is ensuring the coarse ore • Continue to monitor and replace chutes and dome is full • Screening was seeing higher than expected high-wear areas with abrasive-resistant • Have add
Slide 34: Tailings Management Facility (TMF)
Tailings Management Facility (TMF) INVESTMENT IN 2024 Estimated capital spending of $60 million in 2024 to complete Phase 2 – to set up footprint of TMF Phase 2 brings storage capacity to ~18 months with regular lifts thereafter DESIGN 203 Mt tailings (233 Mt design requires +5 m raise) Centerline D
Slide 35: Growth
Growth Côté Gold | An IAMGOLD mine 35
Slide 36: Growth Opportunities In Size and Scope
Growth Opportunities In Size and Scope INVESTIGATE OPTIMIZATIONS & POTENTIAL OPERATING EFFICIENCIES Côté design mining rate of approximately 150,000 tpd (54 Mtpa) at a strip ratio of 2:1 CÔTÉ GOLD PROJECT – MINERAL RESERVES & RESOURCES (2023)1,3 Plant nameplate ore capacity is 36,000 tpd, prior to i
Slide 37: Growth Opportunities In Size and Scope
Growth Opportunities In Size and Scope VRIFY | Changing how mining communicates. GOSSELIN ZONE CÔTÉ ZONE Côté Gold | An IAMGOLD mine 37
Slide 38: Agenda – Site Tour
Agenda – Site Tour TIME EVENT 05:15 Bus departure – boxed breakfast on the bus 07:45 Arrival at Côté, PPE pick-up, safety induction Tour 08:45 1. AHS Control Room & SOC Room 09:45 2. TMF 10:30 3. Pit lookout & mining operations 11:30 4. Processing plant 12:30 5. Truck shop 13:00 Lunch 14:15 6
Slide 39: Site Layout – Tour Overview
Site Layout – Tour Overview Côté Gold Tour Points of Interest 1. Offices & AHS/Mill Control Room 2. TMF (Tailings Management Facility) 1 6 7 3. Open Pit Lookout 5 4. Processing Plant 2 5. Truck shop 3 4 6. Camp 7. Core shack A virtual 360° tour of the Côté site is accessible here Côté Gold | An IAMG
Slide 40: Appendix
Appendix Côté Gold | An IAMGOLD mine 40
Slide 41: Côté Gold: 2024 Outlook
Côté Gold: 2024 Outlook RECENT HIGHLIGHTS AS CÔTÉ RAMPS TO NAMEPLATE Commercial production announced on August 2, 2024 • Approximately four months after first gold (March 31, 2024) Processed 1.6 million tonnes in Q3 with production of 68,000 ounces (100%) Record daily throughput rate of 40,600 tpd o
Slide 42: Dams & Water Realignment
Dams & Water Realignment View our water realignment channel update video here Côté Gold | An IAMGOLD mine 42
Slide 43: Mineral Reserves & Mineral Resources
Mineral Reserves & Mineral Resources1,2,3 Tonnes Grade Contained (100%) Attributable Contained Classification (millions) (g/t Au) (Moz Au) (Moz Au) Côté Deposit P&P Reserves1,3 234.6 1.01 7.61 4.59 M&I Resources (incl.)2,3 444.8 0.84 12.07 7.28 Inferred3 60.6 0.61 1.18 0.71 Gosselin Deposit Indicate
Slide 44: Notes
Notes Côté Gold | An IAMGOLD mine 44
Slide 45: Notes
Notes Côté Gold | An IAMGOLD mine 45
Slide 46: Graeme Jennings, VP, Investor Relations
Graeme Jennings, VP, Investor Relations 416-388-6883 TSX: IMG l NYSE: IAG l www.iamgold.com
Slide 47: Gosselin & Côté District Exploration
IAMGOLD CORPORATION — PAGE Growth Gosselin & Côté District Exploration 2024 Drilling Objectives and Results October 2024 PRESENTATION TITLE, MONTH YEAR
Slide 48: Outline
AGENDA IAMGOLD CORPORATION — PAGE 2 Outline 1) 2024 Exploration Program – Objectives and Accomplishments 2) 2024 Gosselin deposit – Significant Results 3) Côté District potential 3) Next steps and follow-up 4) Discussion/Questions? PRESENTATION TITLE, MONTH YEAR
Slide 49: Côté UJV Property Location + Project Areas
REGIONAL EXPLORATION MODEL IAMGOLD CORPORATION — PAGE 3 Côté UJV Property Location + Project Areas CÔTÉ REGIONAL – PROJECTS SETTING Chibougamau Côté UJV – South Swayze Abitibi Belt > 260 M Oz Area Detour Gold • South Swayze Belt with > 20 M oz Monster Lake Au (& growing) Casa-Bérardi Nelligan • Goss
Slide 50: Extensive Property Package 596 km²
IAMGOLD CORPORATION — PAGE Extensive Property package 596 km² JEROME MINE Jack Rabbit Côté Gosselin Clam Lake deposit PRESENTATION TITLE, MONTH YEAR
Slide 51: Chester Regional Exploration - Structural Corridor Theory
REGIONAL EXPLORATION MODEL IAMGOLD CORPORATION — PAGE 5 Chester Regional Exploration - Structural Corridor Theory Hydrothermal breccia Jack Rabbit Diorite breccia Silica +/- albite alteration Gosselin Deposit Côté Gold Clam Lake 1. Footnote 2. Footnote 2 PRESENTATION TITLE, MONTH YEAR
Slide 52: 2024 Objectives
2024 DRILLING OBJECTIVES IAMGOLD CORPORATION — PAGE 6 2024 Objectives Gosselin Deposit (Côté Extension) Additional 2024 Objectives: • Deep Gosselin + Côté DDH’s – Deep Exploration PRESENTATION TITLE, MONTH YEAR
Slide 53: 2024 Objectives
2024 DRILLING OBJECTIVES IAMGOLD CORPORATION — PAGE 7 2024 Objectives Côté Deposit Gosselin Deposit (Côté Extension) $1700 pit shell $1700 pit shell ? HdBx target ? ? ? ? Hydrothermal breccia (HdBx) Hydrothermal breccia (HdBx) PRESENTATION TITLE, MONTH YEAR
Slide 54: 2024 Objectives
2024 DRILLING OBJECTIVES IAMGOLD CORPORATION — PAGE 8 2024 Objectives Côté Deposit Gosselin Deposit (Côté Extension) $1700 pit shell $1700 pit shell PRESENTATION TITLE, MONTH YEAR
Slide 55: Gosselin 2024 Drilling Results
2024 DRILLING OBJECTIVES IAMGOLD CORPORATION — PAGE 9 Gosselin 2024 GOSSELIN DEPOSIT GOS23- CL15-39EXT 228.7 m grading 2023 0.3 g/t Au grade shell Drilling results 2024 Drilling Program 0.84 g/t Au Gosselin GOS23-145 CL15-38EXT 147EXT GOS23-147 GOS22-109 GOS23-148 GOS22-112 Resource GOS23- CL15-39EX
Slide 56: Longitudinal Section
Longitudinal Section Gosselin Deposit (Côté Extension) IAMGOLD CORPORATION — PAGE Côté LOM Pit Gosselin Resource Pit Côté Resource GOS24-177 18.5 m grading 12.33 g/t Au Pit 102.0 m grading 1.19 g/t Au GOS23-151 368.8 m grading 0.96 g/t Au Incl. 173.9 m grading 1.57 g/t Au Hydrothermal Côté Breccia (
Slide 57: Gosselin 2024 Drilling
GOSSELIN 2024 DRILLING GAP area with Assays Drill-hole From (m) IAMGOLD To (m) CORPORATION Interval (m) Width — PAGE Au (g/t) $1700 pit shell GOS24-153 371.0 589.0 218.0 0.72 including 448.9 511.0 62.1 1.07 GOS24-153 721.9 801.0 79.1 0.41 GOS24-153 883.5 913.0 29.5 0.56 GOS24-153 GOS24-156 387.0 414
Slide 58: Gosselin 2024 Drilling – Western Breccia
GOSSELIN 2024 DRILLING Western breccia with assays Drill-hole From (m) IAMGOLD To (m) CORPORATION Interval (m) Width — PAGE Au (g/t) $1700 pit shell GOS24-160 491.0 551.0 60.0 0.92 3 GOS24-160 697.0 932.0 235.0 2.7 4 including 862.5 888.0 25.5 17.43 GOS24-162 561.97 637.5 75.5 0.79 6 34.1 3.67 GOS24
Slide 59: Gosselin 2024 Drilling – Southern Expansion and at Depth
GOSSELIN 2024 DRILLING Southern expansion and at depth IAMGOLD CORPORATION — PAGE CL15-39EXT $1700 pit shell 228.7.0m @ 0.84 g/t Au 16.7m @ 0.72 g/t Au Interval Width Au Drill-hole From (m) To (m) (m) (g/t) CL15-39EXT 553.0 781.7 228.7 0.84 CL15-39EXT 807.4 835.0 27.6 0.51 GOS23-151 GOS23-151 221.2
Slide 60: Gosselin December 2023
IAMGOLD CORPORATION — PAGE 14 Gosselin GosselinDecember 2023 + Côté Deep Drilling / Planned Q3-Q4 Gosselin Deposit (Côté Extension) $1700 pit shell Drill-holes filtered on >0.3 g/t Au PRESENTATION TITLE, MONTH YEAR
Slide 61: Gosselin October 2024
IAMGOLD CORPORATION — PAGE 15 Gosselin October 2024 Gosselin Deposit (Côté Extension) $1700 pit shell Drill-holes filtered on >0.3 g/t Au PRESENTATION TITLE, MONTH YEAR
Slide 62: Côté and Gosselin December 2023
IAMGOLD CORPORATION — PAGE 16 Côté and Gosselin Gosselin December + Côté Deep 2023 Drilling / Planned Q3-Q4 Côté Deposit Gosselin Deposit (Côté Extension) $1700 pit shell $1700 pit shell Drill-holes filtered on >0.3 g/t Au PRESENTATION TITLE, MONTH YEAR
Slide 63: Côté and Gosselin October 2024
IAMGOLD CORPORATION — PAGE 17 Côté and Gosselin October 2024 Côté Deposit Gosselin Deposit (Côté Extension) $1700 pit shell Drill-holes filtered on >0.3 g/t Au PRESENTATION TITLE, MONTH YEAR
Slide 64: Gosselin Expansion – Côté Extension
IAMGOLD CORPORATION — PAGE 18 Gosselin Expansion – Côté Extension Expansion potential Côté Deposit Gosselin Deposit $1700 pit shells Drill-holes filtered on >0.3 g/t Au PRESENTATION TITLE, MONTH YEAR
Slide 65: Chester Regional Exploration - Structural Corridor Theory
REGIONAL EXPLORATION MODEL IAMGOLD CORPORATION — PAGE 19 Chester Regional Exploration - Structural Corridor Theory Jack Rabbit Gosselin Deposit Côté Gold Clam Lake 1. Footnote 2. Footnote 2 PRESENTATION TITLE, MONTH YEAR
Slide 66: Silica-(Albite) Alteration: Clam Lake Côté Gosselin
SILICA-(ALBITE) ALTERATION IAMGOLD CORPORATION — PAGE 20 Clam Lake Côté Gosselin PRESENTATION TITLE, MONTH YEAR
Slide 67: Côté District Exploration Pipeline
2 IAMGOLD CORPORATION — PAGE 21 1 Côté District Exploration Pipeline Côté Mine Commissioning / Production 4.4 M Oz Au Ind. Res. Pre + Feasibility Study 3.0 M Oz Au Inf. Res. (as of Dec 31, 2023) Gosselin Scoping Initial Resource Discovery Jerome Clam Lake Monella Point Jack Rabbit Discovery Schist L
Slide 68: Questions?
IAMGOLD CORPORATION — PAGE Questions? PRESENTATION TITLE, MONTH YEAR TSX: IMG l NYSE: IAG