Iamgold Corporation · TSX:IMG
Iamgold — GMP Mining Conference 2013
24 slides from Iamgold's conference presentation, Nov 19, 2013
Slide 1: Cash Preservation, Cost Reduction, Disciplined Capital Allocation
Cash Preservation Cost Reduction Disciplined Capital Allocation Bob Tait Vice President, Investor Relations GMP Mining Conference – November 19-21, 2013 TSX: IMG NYSE: IAG
Slide 2: Cautionary Statement on Forward-Looking Information
Cautionary Statement on Forward-Looking Information 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 state
Slide 3: IAMGOLD's High Quality, Long-Life Assets
IAMGOLD’s High Quality, Long-Life Assets YATELA SADIOLA Senegal ESSAKANE Mali Boto WESTWOOD Siribaya NIOBEC Burkina Faso Val d’Or Suriname MOUSKA Colombia Côté Gold ROSEBEL Peru Niobium Mine Brazil GOLD Mines Development Project Advanced Exploration Exploration Office Six Gold Mines: 2013 Production
Slide 4: Balanced Geographic Portfolio
Balanced Geographic Portfolio Gold Mineral Resources1 41% 18% North North America 40% America 33% Africa Africa 42% 26% South South America America 20112 20123 1 Mineral resources include mineral reserves. 2 Based on IAMGOLD attributable mineral resources as at December 31, 2011. 3 Based on IAMGOLD
Slide 5: Priorities
Priorities Cost Reduction Disciplined Capital Allocation Cash Preservation 5
Slide 6: Cost Reduction: Achieved 77% of $100M Target
Cost Reduction: Achieved 77% of $100M Target $54 Operations $38 $40 Exploration $35 $6 Corporate $4 0 10 20 30 40 50 60 Target Achieved to Date 6
Slide 7: Examples of Ongoing Cost Reduction Initiatives
Examples of Ongoing Cost Reduction Initiatives Reducing Power Costs and Consumption of Consumables Reduced power rates and cyanide consumption at Rosebel Reduced fuel consumption at Westwood Reduced consumption of energy and steel in the grinding process at Essakane Reducing Labour Costs Imp
Slide 8: Disciplined Capital Allocation Strategy
Disciplined Capital Allocation Strategy Niobec Expansion Expansion decision to be made when feasibility study and permits are in place NIOBEC WILL NOT MOVE FORWARD WITHOUT A PARTNER TO JOINTLY FUND THE PROJECT Sadiola Waiting for JV partner to decide to proceed WILL NOT PROCEED ALONE REGARDLESS OF P
Slide 9: Return on Capital
Return on Capital 40% 34% 35% 30% IAMGOLD 25% 23% Peers 20% 18% 21% Including: AEM-T ELD-T 15% G-T 13% K-T 14% YRI-T 10% 10% 8% 5% 0% 2009 2010 2011 2012 ROC Calculation: Pre-Tax Earnings from Operations/Capital Pre-tax Earnings* from Operations: Revenues - mining costs (called cost of sal
Slide 10: Liquidity
Liquidity We are committed to preserving Sept 30, June 30, Dec 31, our financial liquidity. 2013 2013 20121 $millions $1,290 Cash & cash 361 447 797 equivalents 250 $millions Gold bullion 179 161 223 at market 500 Unused 500 500 500 credit facility 179 361 Unused Niobec 250 250 250 credit facility A
Slide 11: Rosebel - A New Power Agreement
Rosebel - A New Power Agreement Rosebel resources Old Agreement New Agreement ~20¢/kWh power Reduced power rate Areas being considered for next expansion: 5% gov’t carried For current and Charmagne equity future operations West Charmagne 170 km2 5% gov’t carried Headley’s Reef Taxes & royalties equi
Slide 12: Essakane Exploration Focus
Essakane Exploration Focus Falagountou satellite resource • >200,000 ounces 1,383 km2 • Community Relocation Action Plan approved in land March position • Site evaluation drilling commenced in Q2 12
Slide 13: Westwood – Mineral Reserve and Resource Estimate
Westwood – Mineral Reserve and Resource Estimate As of December 31, 2012: Reserve Estimate Proven reserve of 65Koz @ 7.6 g/t Au Probable reserve of 283Koz @ 13.1 g/t Au -1,000 m Resource Estimate (includes reserves) Measured resource of 67Koz @ 7.5 g/t Au Indicated resource of 466Koz @ 13.0 g/t Au -
Slide 14: Doyon Division
Doyon Division Westwood / Mouska › Production continuing to ramp up with batch processing of Mouska and Westwood ore › Gold sales exceeded production due to late Q2 production being sold in Q3 › YTD production of 101,000 ozs. › 36,000 ozs gold sales (capitalized) from the Westwood pre-commercial 43,
Slide 15: Côté Gold – Well Established Infrastructure
Côté Gold – Well Established Infrastructure Mineral Resource Estimate Effective December 31, 2012 Rail Timmins Roads Tonnes Grade Contained Ounces Power lines (millions) (g/t) (million ozs) 500 kV Indicated 101 CN Rail Power line 0.25 g/t Au cut-off 278 0.86 7.68 Côté Gold 144 Chapleau Property 115
Slide 16: Sadiola & Yatela – Joint Ventures in Mali
Sadiola & Yatela – Joint Ventures in Mali Sadiola Overview › Operating efficiency improved, mined ore 2013 Production Guidance grades exceeded plan for H1 2013 › 13% higher throughput and better recoveries offset lower grades 125,000 - 140,000 oz.* (attributable) › Q2 production up 26% from Q1 as th
Slide 17: Niobec – Quebec
Niobec – Quebec Overview 2013 Production Guidance › Continued stable mill operations › One of three major producers in the world 4.7 - 5.1 Mkg Nb › Expansion would triple production and increase mine life to 46 years › Completion of feasibility study Q3 2013 Niobium is a scarce metal that strengthen
Slide 18: 2013 Exploration Program - $96.4 Million
2013 Exploration Program - $96.4 Million1 Continued focus on: Near-mine development and select greenfields projects in W. Africa, South America and Canada Greenfield Boto, Senegal Pitangui, Brazil Côté Gold, Canada Brownfield Target: $40M, Realized YTD: $35M Essakane 1. $14M greenfield and $15M brow
Slide 19: Advancing Select Greenfield Projects - Priorities
Advancing Select Greenfield Projects - Priorities Boto Gold Project – Senegal Indicated resource of 1.1M oz. at 1.62 g/t Au Drilling was suspended in Q3’13 during the rainy season Will resume drilling program around Malikoundi deposit in November through yearend Deposit remains open along strike to
Slide 20: Reasons to Invest in IAMGOLD
Reasons to Invest in IAMGOLD Operations Rosebel: New power rates and access to softer, higher grade ore from surrounding JV area Essakane: More grinding and crushing capacity, ore from Falagountou and review of power sources Westwood: Mine ramp up, leads to higher production and lower unit costs Str
Slide 21: Appendix
Appendix CORPORATION
Slide 22: Attributable gold production 2013 Guidance
2013 Guidance Current Guidance Previous Guidance gold production Rosebel (000s oz.) 365 - 385 Attributable Essakane (000s oz.) 255 - 275 Doyon division - Westwood & Mouska (000s oz.)1 130 - 150 Total owner-operated production (000s oz.) 750 - 810 Joint ventures (000s oz.) 125 - 140 Total attributabl
Slide 23: 2013 Capital Program
2013 Capital Program1 Development/ ($ millions) Sustaining Expansion Total Rosebel 108 222 130 Essakane 100 200 300 Westwood - 100 100 Total Gold Segment 208 322 530 Niobec 31 49 80 Corporate and Other 5 - 5 Total Consolidated 244 371 615 Joint Ventures3 30 45 75 Total 274 416 690 1 Capitalized borr
Slide 24: Investor Relations
Today’s Presentation Date: November 20, 2013 Investor Relations info@iamgold.com Bob Tait Laura Young Penelope Talbot-Kelly VP, Investor Relations Director, Investor Relations Analyst, Investor Relations T: 416-360-4743 T: 416-933-4952 T: 416-933-4738 TSX: IMG NYSE: IAG