Iamgold Corporation · TSX:IMG
Iamgold — Investor Presentation (March 2022)
36 slides from Iamgold's investor presentation, March 2022
Slide 1: Corporate Presentation
MARCH 2022 CORPORATE PRESENTATION Corporate Presentation TSX: IMG l NYSE: IAG March 2022 www.iamgold.com TSX: IMG l NYSE: IAG l www.iamgold.com
Slide 2: Cautionary Statement
MARCH 2022 CORPORATE PRESENTATION Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Information included in this presentation, including statements with respect to the Company’s future financial or operating performance and other statements that express management’s exp
Slide 3: Technical Information and Qualified Persons
MARCH 2022 CORPORATE PRESENTATION 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 presentation have been prepared in accordance with NI 43
Slide 4: IAMGOLD – Building a Leading High-Margin Gold Producer
MARCH 2022 CORPORATE PRESENTATION IAMGOLD – Building a Leading High-Margin Gold Producer FOCUSING ON PROFITABILITY COMMITMENT TO ESG 2021 gold production of 601,000 ounces Zero Harm® commitment and focus on safety, while building strong community partnerships 2022 gold production guidance of 570,000
Slide 5: Projects Overview
MARCH 2022 CORPORATE PRESENTATION Projects Overview ESSAKANE ROSEBEL WESTWOOD Burkina Faso, West Africa Suriname, South America Quebec, Canada (90% Ownership) (95% RGM | 66.5% Saramacca3) (100%) PRODUCTION Start-up 2010 2004 (Saramacca H2 20) 2014 Mine type Open pit Open pit Underground / Satellite
Slide 6: Environmental, Social and Governance
MARCH 2022 CORPORATE PRESENTATION Environmental, Social and Governance Since 2007 Zero Harm® is our commitment to continually strive to reach the highest standards in human health & safety, minimize our environmental footprint, and work co-operatively with our host communities • AA in the MSCI1 ESG
Slide 7: 2021 Operating Highlights
MARCH 2022 CORPORATE PRESENTATION 2021 Operating Highlights 2021 Q4 2021 FY 2021 Guidance • Full year 2021 production of 601,000 ounces (attributable) Essakane (90%) koz 98 412 390 – 400 o Near top of updated guidance of 565,000 – 605,000 ounces o Q4 2021 production of 153,000 ounces (attributable
Slide 8: 2022 Guidance
MARCH 2022 CORPORATE PRESENTATION 2022 Guidance CONSOLIDATED ESSAKANE ROSEBEL WESTWOOD CÔTÉ GOLD BOTO Gold production1 570,000 – 640,000 360,000 – 385,000 155,000 – 180,000 55,000 – 75,000 (attributable ounces) Cash costs2 $1,100 – $1,150 (per ounce sold) AISC2 $1,650 – 1,690 (per ounce sold) Sustai
Slide 9: COVID-19 Protocols Embedded in Our Operations and Projects
MARCH 2022 CORPORATE PRESENTATION COVID-19 Protocols Embedded in Our Operations and Projects Previously implemented protocols remain in place at our sites and are reviewed on an ongoing basis to adapt to the evolving situation, particularly as it relates to the Omicron variant • Essakane – measures
Slide 10: Côté Gold: Robust, Tier I, Low-cost and Long-life Asset
MARCH 2022 CORPORATE PRESENTATION Côté Gold: Robust, Tier I, Low-cost and Long-life Asset PROJECT STATUS1 PROJECT COSTS1,4 EMERGING GOLD DISTRICT2 43.4% overall project completion $412M expended (from Jul ’20 to Dec ‘21) 7.2 Moz P&P | 13.6 Moz M&I 92.2% detailed engineering complete $710 – $760M rem
Slide 11: Côté Gold: Progress Report
MARCH 2022 CORPORATE PRESENTATION Côté Gold: Progress Report OWNERSHIP: 92.5% JV (70:30 IAG/SMM), 7.5% 3rd Party 7.2 Moz P&P Reserves3 as at Dec 31, 2021 13.6 Moz M&I Resources3 5.5 Moz Inferred Resources3 43.4% 92.2% $412M project completion detailed engineering expended to date • Expended $147 mil
Slide 12: Côté Gold: Commercial Production on Schedule for H2 2023
MARCH 2022 CORPORATE PRESENTATION Côté Gold: Commercial Production on Schedule for H2 2023 2020 2021 2022 2023 2024 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 PROJECT TIMELINE Construction Approval2 Construction Start3 Major Earthworks Start Main Access Road Complete Process Build
Slide 13: Côté Gold: Construction Progress
A virtual 360o tour of Côté Gold MARCH 2022 CORPORATE PRESENTATION is accessible here Côté Gold: Construction Progress Processing plant wall cladding installation (February 2022) Drilling and blasting on eastern area of pit (January 2022) Thickener foundations and leach tank installation (February 2
Slide 14: Gosselin 2021 Initial Resource Estimate
MARCH 2022 CORPORATE PRESENTATION Gosselin 2021 Initial Resource Estimate Côté Gold Project – Mineral Reserves & Resources (2021)2,3 • Gosselin zone adjoins the Côté deposit to the northeast with potential to further expand district-scale resources Attributable Tonnes Grade Contained Classification
Slide 15: Financial Position
MARCH 2022 CORPORATE PRESENTATION Financial Position Liquidity $553 million • Total available liquidity1 of $1.1 billion as at December 31, 2021 Cash & equivalents2 • First drawdown under credit facility in H1 2022 Gold Hedging and Prepay4 • Completed 150,000 ounce prepay transaction in 2021 effecti
Slide 16: Advancing Exploration Activities in Key Districts
MARCH 2022 CORPORATE PRESENTATION Advancing Exploration Activities in Key Districts • Robust exploration program focused on unlocking value in key districts 2022 EXPLORATION BUDGET Côté District • Declining industry reserves and resources highlight the challenge to access Other quality exploration p
Slide 17: Operations
MARCH 2022 CORPORATE PRESENTATION Operations Hybrid Solar/Thermal Plant at Essakane Gold Mine • Commissioned in 2018 • 15 MWp solar plant produces ~27 MWh of carbon-free electricity per year • ~130,000 photovoltaic panels • Supplements an existing 57 MW thermal plant • One of the world’s largest hyb
Slide 18: Essakane Gold Mine, Burkina Faso
MARCH 2022 CORPORATE PRESENTATION Essakane Gold Mine, Burkina Faso 18
Slide 19: Essakane – Overview
MARCH 2022 CORPORATE PRESENTATION Essakane – Overview OWNERSHIP: 90% IAMGOLD; 10% Government of Burkina Faso MINING Mine type Start-up Mine life 70 3.0 Open Pit 2010 ~20271 Essakane NIGER 2021 Performance2 2022 Guidance2,3 2022 Capital costs2,3 M tonnes w:o 35 2.0 MALI 412,000 oz 360,000 – 385,000 o
Slide 20: Rosebel Gold Mine, Suriname
MARCH 2022 CORPORATE PRESENTATION Rosebel Gold Mine, Suriname 20
Slide 21: Rosebel – Overview
MARCH 2022 CORPORATE PRESENTATION Rosebel – Overview OWNERSHIP: Rosebel Concession (RGM): 95% IAMGOLD, 5% Government of Suriname | Saramacca UJV: 70% RGM, 30% Staatsolie (66.5% IAMGOLD effective1) MINING Mine type Start-up Mine life 70 7.0 Open Pit 2004 (Saramacca 2020) ~20332 6.0 5.0 2021 Performan
Slide 22: 2021 Rosebel Mineral Reserves and Resources Update
MARCH 2022 CORPORATE PRESENTATION 2021 Rosebel Mineral Reserves and Resources Update1 2020 2021 ▲ YoY (as of Dec 31) (as of Dec 31) Contained Contained Contained Tonnes Grade Ounces Tonnes Grade Ounces Ounces (On a 100% basis) (000’s) (g/t Au) (000’s) (000’s) (g/t Au) (000’s) (000’s) % RESERVES 137,
Slide 23: 2022 Rosebel Updated Life-of-Mine Plan (100% basis)
MARCH 2022 CORPORATE PRESENTATION 2022 Rosebel Updated Life-of-Mine Plan (100% basis) KEY PROJECT METRICS1 LOM PLAN (12 YEARS) • Updated Mineral Reserve estimate of 109 Mt at 1.1 g/t for 3.8 million ounces contained gold (100% basis, unless otherwise stated) Rosebel Mining • Updated mine plan incorp
Slide 24: Westwood Complex, Canada
MARCH 2022 CORPORATE PRESENTATION Westwood Complex, Canada 24
Slide 25: Westwood – Overview
MARCH 2022 CORPORATE PRESENTATION Westwood – Overview OWNERSHIP: 100% IAMGOLD MINING Mine type Start-up Mine life 1,200 Underground | Satellite OP 2014 ~2033+1 800 2021 Performance2 2022 Guidance2,3 2022 Capital costs2,3 M tonnes North America 35,000 oz 55,000 – 75,000 oz $40M sustaining 400 (‘21 gu
Slide 26: Westwood – “Hub-and-Spoke” Model
MARCH 2022 CORPORATE PRESENTATION Westwood – “Hub-and-Spoke” Model ATTRACTIVE DISTRICT EXPLORATION POTENTIAL1 THAT COULD SUPPLEMENT EXCESS MILL CAPACITY FAYOLLE PROPERTY (OP) A B ROUYN GOLD PROJECT (UG) 100% ACQUIRED FROM MONARCH GOLD (2020) A Fayolle OPTION TO ACQUIRE 100% FROM YORBEAU RESOURCES Pr
Slide 27: Development and Exploration Projects
MARCH 2022 CORPORATE PRESENTATION Development and Exploration Projects 27
Slide 28: Bambouk District: Boto – Karita – Diakha-Siribaya
MARCH 2022 CORPORATE PRESENTATION Bambouk District: Boto – Karita – Diakha-Siribaya Boto Gold (90% ownership) Yatela Deposit Operation 1.6Moz • Along same trend as B2Gold’s Fekola Mine in Mali Sadiola RESERVES1 • Mining permit received in 2019 for a period of 20 years2 2.0Moz • 2019 Optimization Stu
Slide 29: Chibougamau: Emerging Prospective District in Québec, Canada
MARCH 2022 CORPORATE PRESENTATION Chibougamau: Emerging Prospective District in Québec, Canada NELLIGAN (75% JV INTEREST) • Located 60 kilometres southwest of Chibougamau, Québec • Exercised option to increase undivided interest to 75% (from 51%) in December 2019 • Completed initial resource estimat
Slide 30: Appendix
MARCH 2022 CORPORATE PRESENTATION Appendix 30
Slide 31: Gold Prepayment – Illustrative Impact
MARCH 2022 CORPORATE PRESENTATION Gold Prepayment – Illustrative Impact PREPAYMENT ARRANGEMENT STRUCTURE GOLD PREPAY RECOGNITION • Cash proceeds received up front in return for obligation to unit 2019 2022 2024 deliver ounces at a later date Illustrative gold price US$/oz $1,300 $1,800 $1,800 • Sett
Slide 32: Gold Mineral Reserves – Attributable
MARCH 2022 CORPORATE PRESENTATION Gold Mineral Reserves – Attributable As at December 31, 2021 PROVEN PROBABLE TOTAL RESERVES Effective Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces DEPOSIT Location Ownership (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) Rosebel 1 9
Slide 33: Gold Mineral Resources – Attributable
MARCH 2022 CORPORATE PRESENTATION Gold Mineral Resources1,2 – Attributable (Measured & Indicated Resources are inclusive of Proven & Probable Reserves) As at December 31, 2021 MEASURED INDICATED MEASURED + INDICATED INFERRED Effective Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonne
Slide 34: Notes to the Gold Mineral Resources Statement
MARCH 2022 CORPORATE PRESENTATION Notes to the Gold Mineral Resources Statement 1. In mining operations, Measured Mineral Resources and Indicated Mineral Resources that are not Mineral Reserves are considered uneconomic at the price used for Mineral Reserve estimations but are deemed to have a reaso
Slide 35: Notes
MARCH 2022 CORPORATE PRESENTATION Notes 35
Slide 36: Investor Relations Contacts
MARCH 2022 CORPORATE PRESENTATION Graeme Jennings, VP, Investor Relations & Corporate Communications 416-388-6883 Philip Rabenok, Manager, Investor Relations 647-967-9942