Iamgold Corporation · TSX:IMG

Iamgold — Investor Day (June 2010)

55 slides from Iamgold's investor day presentation, Jun 22, 2010

  1. Slide 1: Africa

    2) IAMGOLD’ CORPORATION AFRICA Member of World Gold Council www.gold.org

  2. Slide 2: Africa: Business Environment

    Africa: Business Environment June 22, 2010 Larry Phillips Executive Vice President, Corporate Affairs

  3. Slide 3: Burkina Faso: Core Principles in Action

    Burkina Faso: Core Principles in Action  Consistency: Building meaningful, long- term relationships  Credibility: Demonstrating transparency and developing good governance  Blending Cultures: Benefiting from broad perspective of stakeholders 43

  4. Slide 4: Essakane Mine Project

    Essakane Mine Project June 22, 2010 Denis Miville-Deschênes Senior Vice President, Project Development

  5. Slide 5: Essakane Location

    Essakane Location MAURITANIA W. Africa Office ESSAKANE Dakar SENEGAL YATELA MALI NIGER GAMBIA SADIOLA Ouagadougou Bamako GUINEA BURKINA FASO BISSAU GUINEA BENIN SIERRA GHANA TOGO LEONE CÔTE D'IVOIRE LIBERIA DAMANG Project Location: Accra  350 km NE of the Capital Ouagadougou TARKWA  Located in ari

  6. Slide 6: Accelerated Construction

    Accelerated Construction 46

  7. Slide 7: An Overview of Essakane

    An Overview of Essakane PROJECT OVERVIEW  Essakane is the largest investment ever made in Burkina Faso  Up to 30Mt mined per year  Mill design 9.0 Mtpa soft rock; 5.4 Mtpa hard rock  Est. 1,300 employees during operation (peaked at 3,500 during construction) Essakane, Burkina Faso, Africa IMG Ow

  8. Slide 8: Objectives of the Project

    Objectives of the Project  Develop a ‘World Class’ Operation  Build the project, on time, on budget  Respect ‘Best Practices’  Apply Corporate Social Responsibility  Create sustainable development for the population 48

  9. Slide 9: Project Challenges

    Project Challenges Location  Landlocked African country – 1,200km from the coast  Isolated rural area, 360km from the capital  Country new to mining and foreign investment  Long and challenging supply chain Populations  Relocated more than 12,000 people from one town and 7 small villages into o

  10. Slide 10: Construction Strategy

    Construction Strategy  Transition from EPCM contract to IMG Project Team  Main Engineering consultants: Minproc Mill Engineering Wartsilla Power Plant Design Golder Tailings and water storage design, QA/QC of all civil works Replan Village relocation 50

  11. Slide 11: Construction Strategy

    Construction Strategy  Direct hire of construction employees for concrete, structural steel, tanks and piping, mechanical, electrical and instrumentation installations  Mine department in place early to construct earthwork, reservoirs, dams and tailings basin  Construction supported by our own Se

  12. Slide 12: Site Plan

    Site Plan ~ | ee ay

  13. Slide 13: Processing Equipment

    Processing Equipment Process  Conventional Carbon-In-Leach (CIL) gold recovery plant  Nameplate capacity 7.5Mtpa increased to 9Mtpa  Average gold recovery 94% (varies with ore type and grade)  High gravity recovery (40% in feasibility study)  Leach time 24h with oxides; 36h with fresh ore  LOM

  14. Slide 14: Infrastructure

    Infrastructure  27.5MW power plant (5 HFO generators)  Truckshop, mill workshop and maintenance infrastructure  Two warehouses  Fuel reservoirs with a total capacity of 6 million litres  Offices, camp and facilities  100Mt capacity tailings pond  Water retention dam and three water reservoirs

  15. Slide 15: Attributable Reserves and Resources

    Attributable Reserves and Resources 000s ounces *Indicated resources are inclusive of probable reserves 55

  16. Slide 16: Mineral Reserves by Type

    Mineral Reserves by Type Essakane* Cut-off Tonnage Grade Au Dec 31, 2009 (g/t) (‘000 t) (g/t) (‘000 oz) 0.35 EMZ Saprolite 16,984 1.2 655 0.37 FAL 0.45 EMZ Transition 18,252 1.3 752 0.47 FAL 0.56 EMZ Fresh Rock 48,000 1.6 2,451 0.58 FAL Total 83,620 1.4 3,871 *includes Falagountou EMZ = Essakane Mai

  17. Slide 17: Gold

    Gold ERC1078D (89-90) 2mm ERC 1052 (33-34) 2mm 57

  18. Slide 18: Grade Control Drilling

    Grade Control Drilling 58

  19. Slide 19: Mining

    Mining Loading Units  2 x 15m3 shovels  1 x 10m3 backhoe  2 x 12m3 wheel loaders Haulers  6 x 100t trucks (CAT 777)  14 x 140t trucks (CAT 785) Pre-production:  Total tonnes mined: 20.5M  Ore tonnes stockpiled: 5.0M at 1.0 g/t  Cost per tonne to date: $1.47 (includes construction) $1.33 (min

  20. Slide 20: Village Relocation

    Village Relocation  New Essakane town site plus five small villages  More than 2,000 houses  12,000 people  Maintained daily interactions and engagement with populations  Resettlement was completed successfully, as planned, in March 2010  Sustainability programs underway 60

  21. Slide 21: Health & Safety

    Health & Safety  A constant priority…  Committed to international standards  Inexperienced workforce and a challenging climate  Huge focus on training  Excellent performance with 10.7M hours worked and a frequency of 0.17 injuries per 200,000 hours worked 61

  22. Slide 22: What's Next?

    What’s Next?  Mill start-up June 2010  Completion of crusher for September 2010 not required initially for soft saprolite feed  Aggressive exploration and delineation program 62

  23. Slide 23: Essakane - Exploration

    Essakane - Exploration June 22, 2010 Michael Donnelly Senior Vice President, Exploration

  24. Slide 24: Essakane

    Essakane Essakane Inata Taparko Kalsaka Mana Youga Mesoproterozoic and Younger Birimian Sediments Birimian Volcanics Granite / Gneiss Gold Operation 64

  25. Slide 25: Essakane: 2010 Exploration Objectives

    Essakane: 2010 Exploration Objectives As > 100ppm  Budget  $1.9M expensed Exploration  $12.3M capitalized Concessions: 1,283 km²  Exploration  30,500m DD and RC drilling  25,000m Air Core drilling over sand covered areas  Resource Delineation  50,000m DD drilling EMZ  Test strike extensions

  26. Slide 26: Essakane: Mine Infrastructure and Exploration Targets

    Essakane: Mine Infrastructure and Exploration Targets EMZ north extension EMZ East Dump Au≥ 117 ppb (in soils) West Dump Lay down Offices Air Strip Falangountou TSF EMZ South extension 66

  27. Slide 27: Essakane: Schematic Cross Section

    Essakane: Schematic Cross Section SW NE 67

  28. Slide 28: Essakane: Mine Lease Air Core Drilling

    Essakane: Mine Lease Air Core Drilling Au≥ 117 ppb (in soils) Falangountou Air Core results pending Anomalous Au in saprolite outlined by Air Core drilling 68

  29. Slide 29: Essakane: 2010 Resource Delineation

    Essakane: 2010 Resource Delineation MEDD0026 Section 52600N  50,000 m in multi-phased program MEDD0031 2m @ 20.0g/t Au  85 DD holes and 155 RC holes planned 6m @ 11.9g/t Au MEDD0056  Multi-phase 2010 drilling program: MEDD0061 2m @ 11.4g/t Au MEDD0063  Phase 1 designed to extend mineralization M

  30. Slide 30: Essakane 52,600N Cross Section

    Essakane 52,600N Cross Section SW NE 13.5m @ 1.62g/t Au 31.5m @ 3.56g/t Au from 163.5m from 180m 4.5m @ 0.9g/t Au from 198m 100m 70

  31. Slide 31: Essakane Regional Targets (Historic Results)

    Essakane Regional Targets (Historic Results) As > 100ppm Takabangou Tin Taradat 52 holes - 3,718m 23 holes - 1,460m TKC0975: 6m @ 5.12g/t Au TTC1699: 2m @ 1.35g/t Au TKC0965: 5m @ 3.54g/t Au Gossey Tin Zoubaratan 96 holes - 6,732m 11 holes – 726m GRC0980: 12m @ 1.01g/t Au TZC1629: 4m @ 0.86g/t Au GR

  32. Slide 32: Africa Operations

    Africa Operations June 22, 2010 Gordon Stothart Executive Vice President & Chief Operating Officer

  33. Slide 33: Sadiola, Mali

    Sadiola, Mali IMG Ownership: 41% JV Partner: AngloGold Ashanti Reserves & Resources (oz) P&P Reserves1 1,457,000 M&I Resources2 2,596,000 Inferred Resources 1,159,000 Attributable Production (oz) 2010 Q1 30,000  ‘Back to Basics’ safety initiative 2009 135,000 2008 172,000  Promising results from $

  34. Slide 34: Sadiola Sulphide Project

    Sadiola Sulphide Project  Soft ore mining from current pits scheduled to end in 2014  IMG Prefeasibility Study approved Oct. 2009 • Different ‘vision’ than AGA prior studies: owner mining, simpler processing, power from grid, higher gold price  Finish Joint Feasibility Study in Nov. 2010  Negoti

  35. Slide 35: Sadiola Sulphide Project

    Sadiola Sulphide Project  Resource definition drilling campaign (7,850m)  Condemnation drilling campaign (2,900m RC)  Inferred resources converted to measured and indicated  New hard rock plant required to complement existing facility: • Flexible plant arrangement based on ore feed • Test work c

  36. Slide 36: Yatela, Mali

    Yatela, Mali IMG Ownership: 40% JV Partner: AngloGold Ashanti Reserves & Resources (oz) P&P Reserves1 44,000 M&I Resources2 126,000 Inferred Resources 19,000 Attributable Production (oz) 2010 Q1 27,000  Drilling extended mine life to at 2009 89,000 2008 66,000 least end of 2011  Exploring Yatela,

  37. Slide 37: Tarkwa, Ghana

    Tarkwa, Ghana IMG Ownership: 18.9% JV Partner: Gold Fields Ltd. Reserves & Resources (oz) P&P Reserves1 2,018,000 M&I Resources2 2,573,000 Inferred Resources 486,000 Attributable Production (oz) 2010 Q1 33,000 2009 125,000  Long life open pit mine 2008 119,000  CIL expansion finished in 2009 Cash

  38. Slide 38: Damang, Ghana

    Damang, Ghana IMG Ownership: 18.9% JV Partner: Gold Fields Ltd. Reserves & Resources (oz) P&P Reserves1 344,000 M&I Resources2 551,000 Inferred Resources 258,000 Attributable Production (oz) 2010 Q1 10,000 2009 38,000 2008 37,000  Aggressive exploration extended Cash Cost ($/oz) mine life to at lea

  39. Slide 39: Mupane, Botswana

    Mupane, Botswana IMG Ownership: 100% Reserves & Resources (oz) P&P Reserves1 199,000 M&I Resources2 266,000 Inferred Resources 80,000 Production (oz) 2010 Q1 13,000 2009 51,000 2008 101,000  Strong safety culture Cash Cost ($/oz)  Positive operating cash flow 2010 Q1 $826 2009 $735  Lower head gr

  40. Slide 40: West Africa - Exploration

    West Africa - Exploration June 22, 2010 Michael Donnelly Senior Vice President, Exploration

  41. Slide 41: West Africa 2010 Exploration Portfolio

    West Africa 2010 Exploration Portfolio  Essakane • Budget $4.5M • 20,500m exploration drilling  Sadiola - Yatela • IMG contribution $4.5M • 18 month exploration initiative  Siribaya JV • Budget $2.5M • 14,500m drilling  Kalana JV • Budget $4.6M • 20,000m drilling 81

  42. Slide 42: Mali: Sadiola/Yatela Overview

    Mali: Sadiola/Yatela Overview Yatela lease …….Extend the current mine life  18 month exploration program commenced KW-18 Yatela 2009 - $14.9M budget  Program designed to evaluate remaining oxide potential  31 targets identified and ranked Alamoutala  Work Completed  77,000m DD and RC drilling –

  43. Slide 43: Mali: Yatela / Sadiola Remaining Opportunities

    Mali: Yatela / Sadiola Remaining Opportunities Yatela North Yatela NE New resources identified  Yatela • KW-18 expansion Yatela Exploration Targets KW-18 Gravity anomalies • Yatela – in-pit resource expansion • Yatela N and NE – additional resources • Alamoutala – resource expansion Alamoutala • 4

  44. Slide 44: Mali: Siribaya JV

    Mali: Siribaya JV 2010 Budget - $2.5 million Senegal Guemedji Trend  848 km2 concessions Mali Boto  Merrex - IMG Option Agreement (100% IMG) SiribayaTrend signed December 2008 • IAMGOLD can earn 50% interest for Zone 1B Resource Area Cdn $10.5M spend over 4 years Siribaya Babara Trend • IAMGOLD ho

  45. Slide 45: Mali: Siribaya JV

    Mali: Siribaya JV Siribaya Trend  2009 drilling within the Zone1B resource area  Zone 1B resource estimate (Merrex - Nov 09 ) Zone 1B  Indicated Resources: 4.02 Mt @ 2.39g/t Au (308 Koz)  Inferred Resources: 0.95 Mt @ 2.29g/t Au (70 Koz)  2010 drilling budget: 14,500m RC Drilling  Explore full

  46. Slide 46: Mali: Siribaya JV 2009 DD / 2010 RC Results

    Mali: Siribaya JV 2009 DD / 2010 RC Results 33m@5.07g/t 2009 DD Intercept 17m@2.09g/t 2010 RC Intercept 11m@0.87g/t 11m@0.78g/t 5m@2.09g/t 4m@5.88g/t 30m@3.89g/t 14m@4.98g/t 26m@3.05g/t 30m@2.05g/t Zone 1B 20m@5.92g/t 26m@4.02g/t 24m@5.54g/t 33m@5.07g/t 22m@3.25g/t 8m@7.22g/t 21.5m@2.04g/t 12m@4.75g

  47. Slide 47: Mali: Siribaya

    Mali: Siribaya Siribaya JV MALI JV Drill Core Samples Au Hosted by Multistage Breccia - Qtz - Pyrite (Limonite) Carbonate Facies 3 g/t 10 g/t Greywacke Facies 15 g/t 2.5 g/t 87

  48. Slide 48: Mali: Kalana JV

    Mali: Kalana JV 2010 Budget - $4.6 million  370 km2 Mining Permit expires 2033  Avnel - IMG Option Agreement signed August 2009 • IAMGOLD can earn a 51% interest in Avnel’s share of SOMIKA (80%); Malian Government (20%) • $11M expenditure in 3 years • NI43-101 Compliant Resource of 2 Moz • IAMGOLD

  49. Slide 49: Mali: Kalana JV

    Mali: Kalana JV General Mine Geology : Veins are centered on a Diorite Intrusive 89

  50. Slide 50: Mali: Kalana JV

    Mali: Kalana JV  Four high-grade shallow-dipping quartz lodes are exploited  The total number of veins is unknown  Presence of feeder zones unknown  All mining is near-surface (< 200m) Shaft 1  Inter-vein stockworks offer bulk mineable targets Shaft 2 Underground workings Kalana Mine - All leve

  51. Slide 51: Mali: Kalana JV

    Mali: Kalana JV Grade of Grade the totalcompiled of quartz mining width vein (0.8-1.2 m)17 (map - Vein 17view) (map view) grade g/t 10180 1000 10160 500 10140 200 100 10120 50 10100 30 0 20 40 m 15 10080 UTM local datum Somika 0 9560 9580 9600 9620 9640 9660 9680 9700 9720 91

  52. Slide 52: Mali: Kalana JV 2010 Drilling Results

    Mali: Kalana JV 2010 Drilling Results DDH 2010 1m @ 7.3g/t Au RC planned 1m @ 8.0g/t Au 5m @ 1.1g/t Au RC completed 25m @ 0.6g/t Au 7m @ 3.7g/t Au 7m @ 3.6g/t Au 9m @ 2.2g/t Au 4m @ 3.8g/t Au 7m @ 1.8g/t Au 1m @ 11.1g/t Au 3m @ 2.6g/t Au 1m @ 9.6g/t Au 1m @ 6.4g/t Au 22m @ 1.0g/t Au 3m @ 3.6g/t Au 1

  53. Slide 53: Mali: Kalana JV Regional Geochemistry

    Mali: Kalana JV Regional Geochemistry Kalanako Kalana Permit 382 km² Kalana Dadjan Proposed RC lines Targets Artisanal Workings 93 2km

  54. Slide 54: Mali: Kalana JV Kalanako Target

    Mali: Kalana JV Kalanako Target Proposed RC drill holes Historic drill holes 1km Historic auger Artisanal Workings 3km Magnetic Anomaly Magnetic Anomaly 250 0 250 500m 94 94

  55. Slide 55: Africa Q&A

    # IAMGOLD’ CORPORATION AFRICA Q&A Member of World Gold Council www.gold.org

IAMGOLD — Investor Day (June 2010) on 6ix