Iamgold Corporation · TSX:IMG
Iamgold — Investor Presentation (May 2025)
36 slides from Iamgold's investor presentation, May 2025
Slide 1: Corporate Presentation
MARCH 2025 CORPORATE PRESENTATION CORPORATE PRESENTATION TSX: IMG l NYSE: IAG May 2025 www.iamgold.com TSX: IMG l NYSE: IAG l www.iamgold.com
Slide 2: Cautionary Statement
MARCH 2025 CORPORATE PRESENTATION Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION All information included or incorporated by reference in this MD&A, including any information as to the Company’s vision, strategy, future financial or operating performance and other st
Slide 3: Technical Information and Qualified Persons
MARCH 2025 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: Overview
MARCH Q1 2025 2025 RESULTS CORPORATE CONFERENCE PRESENTATION CALL Overview BUILDING A LEADING, MODERN CANADIAN-FOCUSED MULTI-ASSET PRODUCER • Côté Gold: Ramping up to be one of Canada’s largest mines and a model for modern mining in Canada • Westwood: Quebec underground success story, generating pos
Slide 5: Operations Overview
MARCH 2025 CORPORATE PRESENTATION Operations Overview CÔTÉ GOLD WESTWOOD ESSAKANE Ontario, Canada Quebec, Canada Burkina Faso, West Africa (70% IMG | 30% SMM1) (100% IMG) (90% IMG) Start-up 2024 Start-up 2014 Start-up 2010 Mine type Open pit Mine type Underground/Sat. OP Mine type Open pit Estimated
Slide 6: Responsibility & Accountability
MARCH 2025 CORPORATE PRESENTATION Responsibility & Accountability Since 2007 ENVIRONMENTAL • Released inaugural TCFD report in 2023 outlining roadmap and GHG emission reduction targets • Goal for net positive biodiversity at all operations • Adherence and reporting to the TSM Water Stewardship Proto
Slide 7: Q1 Highlights
MARCH 2025 CORPORATE PRESENTATION Q1 Highlights OPERATING RESULTS Q1 2025 Q1 2024 2025 GUIDANCE RESPONSIBILITY & ACCOUNTABILITY Côté Gold (attr.) koz 51 1 250 – 280 TRIFR (total recordable injuries/200,000 hours) of 0.67 Westwood (100%) koz 24 32 125 – 140 2024 Sustainability Report published on May
Slide 8: Financial Results: Liquidity
MARCH 2025 CORPORATE PRESENTATION Financial Results .6M LIQUIDITY (as at March 31, 2025) 6 31 lity: $428.5 M Cash and equivalents of $316.6 million and total liquidity1 of $745.8 million :$ Cash • $200.2 million of cash and equivalents held by Essakane, $46.9 million held by Côté Gold70%, • Excess c
Slide 9: Financial Results
MARCH 2025 CORPORATE PRESENTATION Financial Results FINANCIAL HIGHLIGHTS FINANCIAL REVIEW (In $ millions, unless otherwise stated) Q1 2025 Q1 2024 Gold revenues of $477.1 million from sales of 174,000 ounces at realized average price of $2,731/oz (including impact of gold prepay) Revenues $477.1 $33
Slide 10: Côté Gold
MARCH 2025 CORPORATE PRESENTATION Côté Gold 10
Slide 11: Côté Gold (70% interest)
MARCH 2025 CORPORATE PRESENTATION Côté Gold (70% interest) (100% basis, unless otherwise stated) Ore mined kt Q2 2024 2,109 Q3 2024 3,159 Q4 2024 3,637 Q1 2025 3,115 Grade mined g/t 0.93 1.02 1.07 0.78 OPERATING HIGHLIGHTS & MILESTONES Material mined – total kt 10,514 10,378 10,847 10,755 Gold produ
Slide 12: Côté Gold Processing Plant Ramp
MARCH 2025 CORPORATE PRESENTATION Côté Gold 42,000 CÔTÉ GOLD PROCESSING PLANT RAMP PROCESSING RAMP UP 36,000 Mill throughput 2.1M tonnes at head grade of 1.17 g/t and 93% recoveries 30,000 Daily throughput (tonnes) • Replacement of HPGR rolls completed in February, operational improvements ongoing a
Slide 13: Côté Gold: Growth
MARCH 2025 CORPORATE PRESENTATION CÔTÉ GOLD PROJECT – MINERAL RESERVES & RESOURCES (2024)1,2 Côté Gold: Growth Tonnes Grade Contained (100%) Attributable Contained Classification (millions) (g/t Au) (Moz Au) (Moz Au) INVESTIGATE OPTIMIZATIONS & POTENTIAL OPERATING EFFICIENCIES Côté Gold Deposit Côté
Slide 14: Côté Gold: Large-Scale and Long-Life Mine
MARCH 2025 CORPORATE PRESENTATION Côté Gold: Large-Scale and Long-Life Mine Top 12 Gold Mines in Canada by Production1 (koz) 28 20 18 17 5 14 10 7 10 6 10 9 690 38 Remaining life of mine (years)2 585 Mines acquired in last 10 years 3 495 5 M&I Mineral Resources 2 (inclusive of reserves) 438 420 6 40
Slide 15: Westwood Complex, Canada
MARCH 2025 CORPORATE PRESENTATION Westwood Complex, Canada 15
Slide 16: Westwood Complex
MARCH 2025 CORPORATE PRESENTATION Westwood Complex (100% basis, unless otherwise stated) Ore mined – underground kt Q1 2025 89 Q1 2024 83 Ore mined – other sources kt 192 120 OPERATIONAL REVIEW Ore milled kt 282 249 Gold production of 24,000 ounces in Q1 due to lower underground grades from Head gra
Slide 17: Westwood Complex
MARCH 2025 CORPORATE PRESENTATION Westwood Complex +4800 43-101 MINE PLAN1 (Dec 2023) (based on Mineral Reserves @ $1,500/oz Au) 400 1,500 $80 WEST CENTRAL EAST CORRIDOR CORRIDOR CORRIDOR OP '000 tonnes 300 $60 +4600 '000 tonnes 1,000 $ million 200 $40 500 100 $20 +4400 0 0 $0 2025 '26 '27 '28 '29 '
Slide 18: Essakane Gold Mine, Burkina Faso
MARCH 2025 CORPORATE PRESENTATION Essakane Gold Mine, Burkina Faso 18
Slide 19: Essakane
MARCH 2025 CORPORATE PRESENTATION Essakane (100% basis, unless otherwise stated) Ore mined kt Q1 2025 2,447 Q1 2024 3,458 Material mined – total kt 10,861 11,340 OPERATIONAL REVIEW Strip ratio w:o 3.4 2.3 Attributable production of 86,000 ounces Ore milled kt 3,112 3,039 Total tonnes mined in Q1 of
Slide 20: Essakane Mine Plan
MARCH 2025 CORPORATE PRESENTATION 43-101 MINE PLAN1 (Dec 2024) Essakane MINING & STRIP RATIO CAPITAL EXPENDITURES 50 4.0 200 CURRENT MINE PLAN1 3.0 150 Strip ratio Mine life extension to 2028 $ million M tonnes 25 2.0 100 • Mining will occur from three remaining pit phases in the Essakane Main Zone
Slide 21: Exploration Projects
MARCH 2025 CORPORATE PRESENTATION Exploration Projects 21
Slide 22: Chibougamau: Emerging District
MARCH 2025 CORPORATE PRESENTATION Chibougamau: Emerging District A GROWING MINING DISTRICT IAMGOLD is among the largest property holders exploring in the Chibougamau-Chapais area Main projects in region: • Nelligan: Primary project and current focus of non-Côté Canadian exploration • Located 45 kilo
Slide 23: Nelligan & Monster Lake
MARCH 2025 CORPORATE PRESENTATION Nelligan Longitudinal Section Nelligan & Monster Lake NELLIGAN (100%1 INTEREST) • Updated resource estimate2(on 100% basis): Cut-off Category Grade Tonnage Grade Contained Au (g/t Au) (Mt) (g/t Au) (koz Au) Indicated 0.35 102.8 0.95 3,125 Inferred 0.35 166.4 0.96 5,
Slide 24: MARCH 2025 CORPORATE PRESENTATION
MARCH 2025 CORPORATE PRESENTATION 24
Slide 25: Appendix
MARCH 2025 CORPORATE PRESENTATION Appendix 25
Slide 26: Côté Primary and Secondary Crushing Circuits
MARCH 2025 CORPORATE PRESENTATION Côté Primary and Secondary Crushing Circuits Lime Silo Screening Building Fire Water Systems Coarse Ore Dome Fine Ore Bin Secondary Crusher Primary Crusher HPGR 26
Slide 27: Côté Processing Plant
MARCH 2025 CORPORATE PRESENTATION Côté Processing Plant Pre-leach O2 Storage & From Primary & Secondary Thickener Distribution Process Water Secondary Tank Leach Tanks(10) Crushing Cyclones 30 hrs Ball Mill Cyclones Cyanide Tailings Destruction SO2 Thickener Ball Mill Tailings Pump Verti-Mills (2) C
Slide 28: Côté Growth
MARCH 2025 CORPORATE PRESENTATION Côté Growth VRIFY | Changing how mining communicates. GOSSELIN ZONE CÔTÉ ZONE 28
Slide 29: Longitudinal Section
MARCH 2025 CORPORATE PRESENTATION Longitudinal Section Gosselin Zone Côté Resource Gosselin Pit Resource Pit Hydrothermal Breccia Priority Exploration (HdBx) Target for Hydrothermal Breccia GOS23-136 240.0 m grading 1.53 g/t Au GOS23-139 Incl. 120.0 m grading 2.26 g/t Au Côté 406.0 m grading 0.72 g/
Slide 30: Côté + Gosselin Deposits – Geological Settings
MARCH 2025 CORPORATE PRESENTATION Côté + Gosselin Deposits – Geological Settings Abitibi Belt: > 260 M Oz & Growing South Swayze Belt • 19+ Moz (& growing) • Historical - Numerous high-grade vein and shear zone hosted deposits Gold production within 175 km radius: • Timmins + KL + Matachewan 897,000
Slide 31: Exploration Potential Objectives
MARCH 2025 CORPORATE PRESENTATION ExplorationPotential Objectives for Côté type (intrusion related, breccia) disseminated mineralization and H-G Shear veins Extensive Property package of 596 km² JEROME MINE COTE DEPOSIT Jack Rabbit GOSSELIN DEPOSIT Clam Lake 31 31
Slide 32: 2023 – New Structural Corridor Theory
MARCH 2025 CORPORATE PRESENTATION 2023 – New Structural Corridor Theory New Jack Rabbit / Theory Gomak Gosselin • Possibility that the main NE Côté trending structure through the Chester intrusive complex is the main mineralization trend. Straighter than originally Old thought. • E-W trending struct
Slide 33: Gold Mineral Reserves – 100% Basis
MARCH 2025 CORPORATE PRESENTATION 1,2 Gold Mineral Reserves – 100% Basis As of December 31, 2024 PROVEN PROBABLE TOTAL RESERVES Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces DEPOSIT Type* Location Ownership (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) Burkina Essak
Slide 34: Gold Mineral Resources – 100% Basis
MARCH 2025 CORPORATE PRESENTATION 1,2,3 Gold Mineral Resources – 100% Basis (Measured & Indicated Resources are inclusive of Proven & Probable Reserves) As of December 31, 2024 MEASURED INDICATED MEASURED + INDICATED INFERRED Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade O
Slide 35: Notes
MARCH 2025 CORPORATE PRESENTATION Notes 35
Slide 36: Graeme Jennings, VP, Investor Relations
MARCH 2025 CORPORATE PRESENTATION Graeme Jennings, VP, Investor Relations 416-388-6883 TSX: IMG l NYSE: IAG l www.iamgold.com