Slide 1: Fourth Quarter & Full Year 2017 Operating Results
Fourth Quarter & Full Year 2017 Operating Results February 22, 2018 Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l
Slide 2: Management Participants
Management Participants Steve Letwin Ken Chernin President & Chief Executive Officer Vice President, Investor Relations aiIAMGOLD’ 1
Slide 3: Cautionary Statement
Cautionary Statement 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 statements of historical fact, const
Slide 4: Strategic Overview
Strategic Overview
Slide 5: Set Up for Long-Term Growth
Set Up for Long-Term Growth 16 14.5 14 86% Increase Reserve Increases4: 12 Attributable Reserves (Moz) 1,2,3 Côté: +3.8Moz Rosebel: +1.7Moz Boto: +1.4Moz 10 Essakane: +0.5Moz Westwood: +0.3Moz 8 7.8 6 4 2 0 2016 2017 *Reserve numbers included on this slide have been rounded 1. Mineral reserves have
Slide 6: Consolidating a Gold District at Rosebel
Consolidating a Gold District at Rosebel Saramacca initial reserve estimate expected H2/18 Secured exploration rights to Brokolonko in Brokolonko January 2018 Brokolonko Saramacca Trend +15kms 5
Slide 7: Heap Leaching at Essakane
Heap Leaching at Essakane Expect to complete Pre- feasibility Study Q2’18 Could provide incremental production of 20% and potentially increase the life of the mine by 2-5 years. Essakane Main Zone Pit Proposed Heap Leach Facility 6
Slide 8: Westwood on Track
Westwood on Track Heading Towards Full Production Ramp-Up by 2020 7
Slide 9: Advancing Côté Gold Towards Development
Advancing Côté Gold Towards Development JV with Sumitomo Metal Mining Co. Ltd. PFS demonstrated economically viable project 5.9 million ounces in reserves1 Expect to complete feasibility study H1/19 Potential production start 2021 1 See IAMGOLD News Release Dated February 12, 2018; 100% Basis; 3.8M
Slide 10: Boto Gold Project in Senegal at Feasibility Stage
Boto Gold Project in Senegal at Feasibility Stage Pre-feasibility study completed Initial reserve estimate 1.4M oz @ 1.6 g/t Au Potential to produce nearly 100,000 ounces annually for 13.5 years Feasibility study expected to be completed H2/18 Refer to IAMGOLD News Release dated February 12, 2018 9
Slide 11: Targeting 1.2-1.3 million ounces by 2022
Boto Gold Project in Senegal at Feasibility Stage Pre-feasibility study completed Initial reserve estimate 1.4M oz @ 1.6 g/t Au Potential to produce nearly 100,000 Targeting 1.2-1.3 million ounces ounces annually for 13.5 years by 2022 H2/18 with AISC below $850/oz Feasibility study expected to be c
Slide 12: Financial Review
IAMGOLD’ CORR P20 RS AGT | ON
Slide 13: 2017 Highlights
2017 Highlights (In $ millions, except for per share and $/oz amounts) Q4 2016 Q4 2017 Variance FY 2016 FY 2017 Variance Attributable production (koz) 215 228 6% 813 882 8% Attributable sales (koz) 218 230 6% 808 871 8% All-in sustaining costs1 ($/oz) $995 $1,071 8% $1,057 $1,003 (5%) Cash costs1 ($
Slide 14: Adjusted Net Earnings
Adjusted Net Earnings1 (In $ millions, except for per share amounts) Q4 2017 2017 Net earnings (loss) attributable to equity holders (17.7) 501.6 Adjusted items: Reversal of impairment charges - (524.1) Gain on sale of a 30% interest in the Côté Gold Project - (19.2) Loss on redemption of 6.75% Seni
Slide 15: Outstanding Derivative Hedge Contracts
Outstanding Derivative Hedge Contracts1 2018 2019 2020 2021 2022 Foreign Currency Canadian dollar contracts (millions of C$) 155 Contract rate range (C$/$) 1.30 - 1.45 Hedge ratio 52% Euro contracts (millions of €) 93 Contract rate range ($/€) 1.08 - 1.19 Hedge ratio 36% Commodities Brent oil contra
Slide 16: Total Liquidity $1,040 M
Liquidity1 Cash and cash equivalents $664 M Short-term investments $127 M Available credit facility 2 $249 M Total Liquidity $1,040 M 1 As at December 31, 2017. 2 The revolving credit facility has been extended by two years to March 2022 and has been amended to include the option to add a further $1
Slide 17: Operations
IAMGOLD’ CORPORATION 38 ACD RO HNO A TS. SS rail
Slide 18: Mineral Reserves and Resources
Mineral Reserves and Resources1 Contained Gold (000s attributable oz) As of December 31st 2017 Change 2016 Total proven and probable mineral reserves1 14,514 86% 7,798 Total measured and indicated mineral resources 2,3 24,723 6% 23,331 Total inferred resources 8,793 44% 6,124 • Mineral reserves have
Slide 19: 2017 Production & Costs Summary
2017 Production & Costs Summary Attributable Cost of Sales1 Total Cash AISC2 Production ($/oz sold) Costs2 ($/oz sold) (oz) ($/oz produced) Essakane 389,000 $785 $738 $957 Rosebel 302,000 $755 $716 $931 Westwood 125,000 $844 $824 $972 Sadiola 63,000 -- $903 $1,014 Total 882,000* $783 $755 $1,003 *In
Slide 20: Essakane – Burkina Faso
Essakane – Burkina Faso (90%) 2017 Highlights 2017 Actuals • Attributable production up 3% due to higher throughput Attributable gold production (oz) 389,000 • Mill throughput and recoveries higher despite 86% hard rock • Mill continues to perform above nameplate capacity TCC1 $738 • AISC was 2% low
Slide 21: Rosebel – Suriname
Rosebel – Suriname (95%) 2017 Highlights 2017 Actuals • Attributable production up 2% due to higher throughput and grades Attributable gold production (oz) 302,000 • Mill throughput increased despite hard rock increasing from 33% to 46%; reflecting major mill improvements in ’16 and ongoing improvem
Slide 22: Westwood – Quebec
Westwood – Quebec (100%) 2017 Highlights • Attributable production up 92% from previous year 2017 Actuals • Normal production levels reached at the start of Q2’17 Attributable gold production (oz) 125,000 • Completed 18.1km of development TCC1 $824 • Head grade lower than ore grade mined underground
Slide 23: Sadiola – Mali
Sadiola – Mali (41%) 2017 Highlights 2017 Actuals • Attributable production down 10% Attributable gold production (oz) 63,000 • Total cash costs and AISC down 7% and 3%, respectively, due to greater drawdowns of marginal ore stockpiles TCC1 $903 AISC1 $1,014 Head grade (g/t) 0.98 Sadiola Sulphide Pr
Slide 24: 2018 Production and Cost Guidance
2018 Production and Cost Guidance Full Year Attributable Guidance 20181 Essakane (000s oz) 380 – 395 Rosebel (000s oz) 295 – 310 Westwood (000s oz) 125 – 135 Total owner-operated production (000s oz) 800 – 840 Joint Ventures (000s oz) 50 – 60 Total attributable production (000s oz) 850 – 900 Cost of
Slide 25: 2018 Capex Outlook
2018 Capex Outlook Non-Sustaining (Development/ $ millions Sustaining1 Expansion) Total4 Essakane $75 $75 $150 Rosebel $45 $85 $130 Westwood $20 $45 $65 Owner-operator $140 $205 $345 Corporate and Development Projects2 – $15 $15 Total owner-operator $140 $220 $360 Sadiola (Joint Venture)3 – $5 $5 To
Slide 26: Côté Gold – Ontario
Côté Gold – Ontario (70%) Key accomplishments since IAMGOLD acquisition • Conversion of nearly 6Moz from resources to reserves • Positive decisions on Federal and Provincial Environmental Assessments • Completed Pre-feasibility Study and initiated Feasibility Study • Completed transaction with Sumit
Slide 27: Exploration
. Exploration
Slide 28: Boto Gold Project
Boto Gold Project Tonnes Grade Contained Ounces (000) (g/t) (000 Au) Probable Reserves1 26,841 1.64 1,415 Measured & Indicated1,2 37,408 1.60 1,922 Inferred1 10,981 1.66 594 Pre-feasibility Study Highlights: • Mine life of 13.5 years with mill throughput of 2.0Mtpa • LOM average annual production of
Slide 29: Saramacca – Exploration Update
Saramacca – Exploration Update • Potential to grow resource as deposit open at 100% Basis1 Tonnes Grade Contained Ounces depth and along strike in both directions (000) (g/t) (000 Au) Measured & Indicated2 14,444 2.20 1,022 • Drilling focused on increasing confidence in Inferred 13,632 1.18 518 reso
Slide 30: Consolidating a Gold District
Consolidating a Gold District • Secured exploration rights to Brokolonko in January 2018 • VTEM survey covering 15km long corridor between Saramacca and Brokolonko to commence Q1’18 • Drill program to commence Brokolonko later in 2018, to confirm historical gold anomalies Brokolonko Saramacca Trend
Slide 31: Pitangui and Eastern Borosi
Pitangui Location: Brazil Tonnes Grade Contained Ounces Ownership: 100% (000) (g/t) (000 Au) Measured & Indicated1,2 -- -- -- Highlights: • Completed 9,600 metres of diamond drilling in 2017 to evaluate up-plunge extension of Inferred1 5,365 4.7 819 São Sebastião deposit • Drilling program resulted
Slide 32: Diakha-Siribaya
Diakha-Siribaya Location: Mali Tonnes Grade Contained Ounces Ownership: 100% (000) (g/t) (000 Au) Highlights: • Consolidated 100% ownership in the project Measured & Indicated1,2 2,102 1.9 129 • Located approximately 10km south along Inferred1 19,816 1.7 1,092 strike from the Boto Gold Project in Se
Slide 33: Monster Lake and Nelligan
Monster Lake Location: Quebec Ownership: 50:50 JV with TomaGold, with option to earn up to a 75% interest Highlights: • Focused on better defining and extending the high-grade 325-Megane Zone and evaluating newly discovered parallel zones • Over 12,500 metres of drilling completed in 2017 • Acquired
Slide 34: Significant Growth Catalysts
Significant Growth Catalysts Preliminary reserve estimate for Saramacca expected in H2’18, targeting production start H2’19 Further exploration at Brokolonko to confirm mineralization and advance to resource stage Consolidation of additional concessions at Rosebel Completion of Essakane Heap
Slide 35: Appendix
Appendix
Slide 36: Loma Larga – Optionality via Strategic Investment
Loma Larga – Optionality via Strategic Investment See INV news release dated July 14, 2016 Project Overview PFS Highlights* • IAMGOLD owns ~36% of INV Metals (TSX:INV) Mine Life ~11 years • PFS has robust economics with after-tax IRR of 26.3%, NPV@5% of US$300.9M, payback of 2.7 years Nameplate Capa
Slide 37: Technical Information and Qualified Person Notes
Technical Information and Qualified Person/Quality Control Notes The mineral resource estimates contained in this presentation have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The “Qualified Person” responsible for the super
Slide 38: Empowering People, Extraordinary Performance
Ken Chernin Laura Young Martin Dumont VP, Investor Relations Director, Investor Relations Senior Analyst, Investor Relations T: 416-360-4743 T: 416-933-4952 T: 416 933 5783 Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l