Iamgold Corporation · TSX:IMG
Iamgold — Investor Presentation (September 2017)
32 slides from Iamgold's investor presentation, September 2017
Slide 1: Corporate Presentation
Corporate Presentation September 2017 STEPHEN LETWIN, PRESIDENT & CEO GORDON STOTHART, EVP & COO CRAIG MACDOUGALL, SVP, EXPLORATION Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l
Slide 2: 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 3: Geographically Diverse & Balanced Over 3 Continents
Geographically Diverse & Balanced Over 3 Continents IAMGOLD Attributable Measured and Indicated Resources As at December 2011 NORTH AMERICA Westwood Côté Gold 54% 43% South Monster Lake Africa America Nelligan WEST AFRICA Essakane Sadiola CENTRAL AMERICA Boto Gold Eastern Borosi 3% Siribaya North Am
Slide 4: Shareholder Value is on The Rise
Shareholder Value is on The Rise IAMGOLD (NYSE) 55.8% IAMGOLD (TSX) Gold Spot Price 46.6% 12.9% Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 MID-TIER GOLD 13.2M OZ IN GEOGRAPHICALLY GROWTH STRONG BALANCE PRODUCER RESERVES DIVERSIFIED STRATEGY SHEET • 2016 attributable • Reserves increased
Slide 5: A Balanced Business Model
A Balanced Business Model Short-Cycle Capacity Long-Cycle Capacity ROSEBEL MINE CÔTÉ GOLD PROJECT • SARAMACCA • JOINT-VENTURE • MINE PLAN OPTIMIZATION ESSAKANE MINE BOTO, PITANGUI, • HEAP LEACHING SIRIBAYA • FALAGOUNTOU • WHOLLY-OWNED EXPLORATION PROJECTS WESTWOOD MINE • PRODUCTION EASTERN BOROSI, R
Slide 6: Leveraging Existing Asset Base
Leveraging Existing Asset Base Optimizing Operations & Organic Growth Opportunities
Slide 7: IAMGOLD Reserves up 69% from December 2016
IAMGOLD Reserves up 69% from December 2016* 14 13.2 11.6 Rosebel adds 12 another 1.6 M oz Attributable Reserves (M oz) 1,2,3,4,5,6 Côté Gold 10 adds 3.8M oz 8 7.8 6 4 2 0 Dec.31 2016 June 2017 July 2017 *Reserve numbers included on this slide have been rounded 1. Reserves for all sites except Sadiol
Slide 8: Rosebel – Significant Transformational Achievements
Rosebel – Significant Transformational Achievements Suriname (95%) Increased Reserves & Resources • 80% increase in reserves announced July 2017 bringing Rosebel’s 80% attributable reserves at Rosebel to 3.5M oz increase in reserves • M&I resources (includes reserves) up 55% to 8.9Moz will extend mi
Slide 9: Consolidating Prospective Land Packages Around Rosebel
Consolidating Prospective Land Packages Around Rosebel 8
Slide 10: 2016-2017 Drilling Highlights
2016-2017 Drilling Highlights SMDD17-133 45.4m grading 2.38g/t Au SMDD17-084 The Delineation Drilling Program: SM DD 20.0m grading 4.26g/t Au • 2,000m x 400m area SM 1 DD 7 -10 17 8 S -11 M DD SMDD17-130 1 46.5m grading 3.07g/t Au SM 17 - SM DD 100 DD SM 17 -1 SMDD17-074 17 S -11 M DD 27 32.6m gradi
Slide 11: Mineral Resource Statement – Saramacca
Mineral Resource Statement – Saramacca (as at August 28, 2017) Cut-off Grade Tonnage Grade Contained Au Category Weathering Zone (g/t Au) (‘000 t) (g/t Au) (koz) Laterite 0.25 2,372 1.20 91 Indicated Saprolite 0.25 5,573 2.43 436 Transition 0.35 2,526 2.17 176 Fresh 0.45 3,973 2.49 318 Total Indicat
Slide 12: Saramacca – Exploration Potential
Saramacca – Exploration Potential Saramacca Deposit Poorly tested Parallel IP Trend 11
Slide 13: Essakane – Driving Transformational Change
Essakane – Driving Transformational Change Burkina Faso (90%) Falagountou Deposit • Western portion increased Essakane’s indicated resource by 14% Updated resource or 600,000 oz est. for Fala East • Eastern portion has potential to increase resources with low- cost, high-grade saprolite ore expected
Slide 14: Numerous Prospects Near Essakane
Numerous Prospects Near Essakane 13
Slide 15: Westwood – Ramping up to Full Production
Westwood – Ramping up to Full Production Quebec (100%) Underground Development is On Target March 2017 • Completed 25 km of underground development in 2016 – Quebec regulators averaging 74 meters per day approved reopening of • Underground development continuing to open access to new mining areas mi
Slide 16: Sadiola - Potential to Revitalize the Mine
Sadiola - Potential to Revitalize the Mine Mali (41%) Sulphide Expansion Project Sadiola Expansion Project 2015 Technical Report1 • Consistent year over year production in 2016 • Aligned with partner AGA to move Sulphide Project forward Strip Ratio 3.9 • Project economics refined and optimization st
Slide 17: Development Pipeline
Development Pipeline Development & Exploration
Slide 18: Côté Gold - Advancing Towards Development
Côté Gold - Advancing Towards Development Ontario (70%) Joint Venture with Sumitomo Metal Mining1 • Completed sale of 30% interest in Côté Gold Project to SMM for $195M • SMM is well funded with extensive technical expertise • Common interest in developing Côté and pursuing future opportunities • IM
Slide 19: Boto and Pitangui
Boto Location: Senegal Tonnes Grade Contained Ounces Ownership: 100% (000) (g/t) (000 Au) Measured & Indicated1 27,670 1.8 1,563 Highlights: • Exploration continues along known mineralized trends with potential for Inferred1 2,922 1.3 125 additional resources • 3,600 metres of drilling completed in
Slide 20: Diakha-Siribaya and Eastern Borosi
Diakha-Siribaya Location: Mali Tonnes Grade Contained Ounces Ownership: 100% (000) (g/t) (000 Au) Highlights: • 12,700 metres of diamond and RC drilling Measured & Indicated1,2 2,102 1.9 129 completed in Q2’17 Inferred1.2 19,816 1.7 1,092 • Focused on increasing confidence of the Diakha resource, ex
Slide 21: Monster Lake and Nelligan
Monster Lake Location: Quebec Ownership: 50:50 JV with TomaGold, with option to earn up to a 75% interest Highlights: • Over 2,000 metres of drilling completed in Q2’17 • Results* from 2017 winter drilling program include: › 3.1 metres grading 121.7 g/t Au and 5 metres grading 80.3 g/t Au • Initial
Slide 22: Loma Larga – Optionality via Strategic Investment
Loma Larga – Optionality via Strategic Investment Project Overview See INV news release dated July 14, 2016 • IAMGOLD owns ~36% of INV Metals (TSX:INV) PFS Highlights* • PFS has robust economics with after-tax IRR of 26.3%, Mine Life ~11 years NPV@5% of US$300.9M, payback of 2.7 years Nameplate Capa
Slide 23: A Story of Transformation
A Story of Transformation 250K oz $1,400/oz Sadiola Mine Westwood Rosebel Essakane AISC $1,200/oz 200K oz $1,000/oz Production 150K oz $800/oz AISC 100K oz $600/oz $400/oz 50K oz $200/oz 0K oz $0/oz Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 SIGNIFICANT ACHIEVEMENTS ON-GOING MINE OP
Slide 24: A Story To Be Continued
A Story To Be Continued Targeting 25% growth in production by 2020 through organic growth opportunities Future Growth Options Further expansion at Westwood mines and exploration projects in the pipeline Producing at full capacity in Côté Gold 2019 Development Rosebel Further Consolidation Essakane H
Slide 25: Appendix
Appendix
Slide 26: Resources Constrained by Conceptual Pit
Resources Constrained by Conceptual Pit Pit Optimization Parameters N • Pit slopes: 30 – 45° (sap to fresh) • Metal Recoveries (%): 97 (lat/sap), 76 (trans), 82 (fresh) • Mining: 95% mining recovery, 5% dilution Optimized Pit Shell 25
Slide 27: Exploration Upside
Exploration Upside Location Map (combined Lidar) Rosebel North Trend Rosebel South Trend ROSEBEL MINE Headley’s Reef Concession Saramacca Gold Trend Sarafina Concession 25km Gold deposits Gold Showings Saramacca Concession Saramacca Deposit
Slide 28: Outstanding Derivative Hedge Contracts
Outstanding Derivative Hedge Contracts1 2017 2018 2019 2020 Foreign Currency Canadian dollar contracts (millions of C$) 78 155 Contract rate range (C$/$) 1.30 - 1.40 1.30 - 1.45 Hedge ratio 75% 52% Euro contracts (millions of €) 63 93 Contract rate range ($/€) 1.00 - 1.20 1.08 - 1.19 Hedge ratio 48%
Slide 29: 2017 Production and Cost Guidance
2017 Production and Cost Guidance 2017 Guidance4 Essakane (000s oz.) 370 – 380 Rosebel (000s oz.) 295 – 305 Westwood (000s oz.) 115 – 125 Total owner-operated production (000s oz.) 780 – 810 Joint ventures (000s oz.) 65 – 75 Total attributable production (000s oz.) 845 – 885 Cost of sales1 ($/oz.) $
Slide 30: 2017 Capex Outlook
2017 Capex Outlook $millions Sustaining Non-Sustaining Total3 Essakane $85 $5 $90 Rosebel $65 $5 $70 Westwood $20 $45 $65 Owner-operator $170 $55 $225 Corporate and Development Projects – $10 $10 Total owner-operator $170 $65 $235 Sadiola (Joint Venture)1 $5 $10 $15 Total2 $175 $75 $250 (±5%) 1. Exp
Slide 31: 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 supe
Slide 32: Empowering People, Extraordinary Performance
Ken Chernin Laura Young Shae Frosst VP, Investor Relations Director, Investor Relations Associate, Investor Relations T: 416-360-4743 T: 416-933-4952 T: 416-933-4738 Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l