Iamgold Corporation · TSX:IMG
Iamgold — Investor Presentation (January 2010)
21 slides from Iamgold's investor presentation, January 2010
Slide 1: IAMGOLD: The Transformation
September 15, 2009 IAMGOLD THE TRANSFORMATION Denver Gold Forum Joseph F. Conway President & CEO CORPORATE PRESENTATION JANUARY 2010 Peter C. Jones Interim President & Chief Executive Officer
Slide 2: Cautionary Statement
2 Cautionary Statement This presentation contains forward-looking statements. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements re
Slide 3: IAMGOLD Ideally Positioned for the Next Breakthrough
3 IAMGOLD Ideally Leading Shareholder Value Positioned for the Next Breakthrough Consistent Delivery of Results Solid, Disciplined Industry Growth 156% Leading Shareholder 117% Value TSX: IMG NYSE: IAG Shares outstanding: 369 M Market Capitalization: $5.8B IAG 52-week high: $20.34 IAG 52-week low: $
Slide 4: Disciplined Corporate Strategy
4 Disciplined Corporate Strategy Focus on Creating Shareholder Value Grow Gold Production & Reserves • Successful development of existing projects • Aggressive exploration for organic growth • Accretive acquisitions Reduce Costs • Operations & development project optimization • Low cost acquisit
Slide 5: Leading Shareholder Value: 2009 Goals Achieved
5 2009 Goals Achieved Exceeded Original Guidance Advanced Essakane Expanded Rosebel Mill Increased Growth Pipeline Expanding Niobec Mill Zero Harm Continued Leading Shareholder Value
Slide 6: 2009 Operating Results
6 2009 Operating Results Solid Production, Lower Costs, Increased Margin Gold Margin ($/oz) 2009 2010E Gold Operating Results 1 Gold production 939 940–1,000 (000 oz) Cash cost $460-$470 $490–$510 ($/oz) Niobium Margin ($/kg) Non-gold Operating Results Niobium production 4,100 4,200-4,400 (000 kg Nb
Slide 7: Exceptional Balance Sheet
7 Exceptional Balance Sheet Net Cash Positive and Positioned for Growth Five Year Accumulated Cash Flow vs. Capital Needs ($Billions) Sept. 30, (US$ millions) 2009 ~$1.8B ~$1.6B @$1,000/oz Operations 1 Cash & bullion $344 ~$1.4B Sadiola Deeps @$850/oz Essakane ~$1.1B @$700/oz 2 Credit facility avail
Slide 8: Global Operations & Growth
8 Global Operations & Growth FOCUS DISCIPLINE RESULTS Long Standing Presence, Long Term Future ROSEBEL SURINAME DOYON QUEBEC MUPANE BOTSWANA NIOBEC QUEBEC NIOBEC DOYON DIVISION WESTWOOD SADIOLA MALI YATELA MALI YATELA ROSEBEL ESSAKANE DAMANG QUIMSACOCHA SADIOLA TARKWA GHANA DAMANG GHANA TARKWA MUPAN
Slide 9: Solid Reserves & Resources Growth
9 Solid Reserves & Resources Growth Record Gold Resources 30 (Millions of Ounces) 25 ESSAKANE QUIMSACOCHA 20 CAMP CAIMAN OTHERS CANADA 15 ROSEBEL 10 MUPANE 5 DAMANG TARKWA YATELA SADIOLA 0 2004 2005 2006 2007 2008 • Resources include reserves, but not inferred resources as at Dec. 31, 2008 includes
Slide 10: Superior Production Growth Profile
10 Superior Production Growth Profile* Continued Growth 1,500 (000’s ounces) 1,000 500 0 2004 2005 2006 2007 2008 2009E 2010F 2011F 2012F 2013F 2014F Sadiola Yatela Tarkwa Damang Mupane Rosebel Doyon/Westwood Sleeping Giant Essakane Quimsacocha *Assumes: • Essakane startup August 2010 • Sadiola Deep
Slide 11: Rosebel, Suriname
11 Rosebel SURINAME Record Production, Lower Costs (000 oz) (US$/oz) Production & Cash Costs 500 $500 400 300 $400 200 100 IMG Ownership 95% 0 $300 2007 2008 2009E Location Suriname M&I Resources (oz)* 9,656,000 Inferred Resources (oz) Record 2009 production of 392,000 oz 216,000 Estimated 2010
Slide 12: IAMGOLD Operations: Doyon Division and Mupane
12 IAMGOLD Operations DOYON DIVISION MUPANE IMG Ownership 100% 100% Location Quebec Botswana M&I Resources (oz)* 453,000 598,000 Inferred Resources (oz) 570,000 25,000 2008 9 mos 2009 2009E 2008 9 mos 2009 2009E Attributable Gold Production (oz) 118,000 85,000 109,000 101,000 40,000 51,000 Cash Cost
Slide 13: West African Joint Ventures
13 West African Joint Ventures SADIOLA YATELA TARKWA DAMANG IMG Ownership 41% 40% 18.9% 18.9% JV: AngloGold Ashanti JV: AngloGold Ashanti JV: Goldfields Ltd. JV: Goldfields Ltd. Location Mali Mali Ghana Ghana M&I Resources (oz)* 2,348,000 313,000 2,462,000 407,000 Inferred Resources (oz) 786,000 34,
Slide 14: Niobec Mine, Quebec
14 Niobec Mine QUEBEC Paste Backfill & Mill Expansion on Track (000kg) ($/kg) Production & Margin 5000 $25 4000 $20 3000 $15 2000 $10 1000 $5 IMG Ownership 100% 0 $0 2006 2007 2008 2009E Location Quebec M&I Resources (tonnes Nb2O5)* 137,800 2009 production of 4.1M kg Inferred Resources (t Nb2O5) 1
Slide 15: Solid Growth Pipeline
15 Solid Growth Pipeline PRODUCTION Essakane BURKINA FASO Westwood CANADA CONSTRUCTION Sadiola Deeps MALI Quimsacocha ECUADOR FEASABILITY Siribaya MALI Kalana MALI EXPLORATION Eagle Mountain GUYANA Minas Gerais BRAZIL
Slide 16: Essakane, Burkina Faso
16 Essakane BURKINA FASO Ahead of Schedule & On Budget CONSTRUCTION UPDATE Production in August! Mining proceeding Grade control drilling & stockpiling on track SAG mill, ball mill, crusher foundations complete IMG Ownership 90% Location Burkina Faso Village relocations on track M&I Resour
Slide 17: Westwood, Quebec
17 Westwood QUEBEC Long Life, Low Cost 14 kms Planned Exploration shaft Bousquet 2kms 10 m / 11.5 g/t Au IMG Ownership 100% 5 m / 23 g/t Au Resources Resourc La Ronde Location Quebec, Canada CONSTRUCTION UPDATE es M&I Resources (oz)* 70,000 oz Shaft advanced to 500m Inferred Resources (oz) 3,154,0
Slide 18: Greenfields Exploration
18 Greenfields Exploration Aggressive Organic Growth UPDATE REGIONS OF EXPLORATION ACTIVITY 2009 expenditures of ~$33 million Kalana Gold Project, Mali: • Existing high grade resource & 387km2 exploration property • Bulk tonnage opportunity • Exploration commenced Merrex Gold Project, Mali: •
Slide 19: Health, Safety & Sustainability
19 Health, Safety & Sustainability Continuing Commitment to Zero Harm 2009 HIGHLIGHTS SAFETY 31% decrease in disabling injuries rate and total accident rate vs. 2008 ENVIRONMENT Rosebel received “Toward Sustainable Mining” award for Tailings Management COMMUNITY Essakane community relocation near co
Slide 20: Investment Highlights
20 Investment Highlights Industry Leading Shareholder Value Earnings / share Cash Flow / share ($) ($) 0.36 0.86 +350% +856% 0.08 0.09 2004 2008 2004 2008 Reserves1 / share Resources2 / share (oz / 1,000 shares) (oz / 1,000 shares) 89 42 28 +134% 38 +50% 2004 2008 2004 2008 1 Reserves as at Dec. 31,
Slide 21: Contact and closing statement
Peter C. Jones Interim President & Chief Executive Officer Gordon Stothart “...outstanding share price performance, Executive Vice President & Chief Operating Officer continued solid operating results, a well Carol Banducci Executive Vice President & Chief Financial Officer funded pipeline and stron