Iamgold Corporation · TSX:IMG
Iamgold — Investor Day (March 2015)
83 slides from Iamgold's investor day presentation, Mar 3, 2015
Slide 1: Analyst Day Presentation
Analyst Day Presentation March 3, 2015 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: Changing the Game
Changing the Game Strong Operational Exploration Excellence Pipeline Financial Sale of Flexibility Niobec 3
Slide 4: IAMGOLD's Gold Assets
IAMGOLD’s Gold Assets Four Operating Gold Mines: 2015 Production Guidance 820k – 860k oz. 4
Slide 5: Growth Strategy
Growth Strategy Optimize Returns from Existing Mines Advance Exploration Pursue M&A and JV Opportunities 5
Slide 6: Poised for Growth
Poised for Growth Lower Lower >$800 M Costs CAPEX Cash 6
Slide 7: All-In Sustaining Costs Drop $209/oz. in 2014
All-In Sustaining Costs1,2,3 Drop $209/oz. in 2014 1,400 All figures in $/oz. sold 1,273 1,286 1,288 1,272 1,201 1,200 1,230 1,186 1,124 1,115 1,000 1,021 800 600 400 200 ` 0 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 1 3 1 Total Cash Costs –gold mines Average Realized Gold Price 1 This is a non-GAAP m
Slide 8: Disciplined Capital Spending
Disciplined Capital Spending 800 54% of the decrease from 2014 to 2015 due 700 $669M to reduced spending on gold assets; balance 600 due to sale of Niobec 500 Development / 400 $M Expansion $325M 300 Sustaining $230M* 200 100 0 2013 2014 2015 Guidance * +/- 10% 8
Slide 9: Strong Cash Position
Strong Cash Position $821M 162 $321M 659 162 159 As at December 31, 2014 Pro-forma as at December 31, 2014, including cash proceeds from sale of Niobec Cash & cash equivalents Gold bullion at market Cash & cash equivalents Gold bullion at market 9
Slide 10: Priorities for Use of Proceeds from Sale of Niobec
Priorities for Use of Proceeds from Sale of Niobec Options 230 • M&A and Joint Ventures $M 500 • Additional CAPEX 270 • Bond repurchase Proceeds from Niobec 2015 Capex Guidance Remainder* • Combination of above Sale 167 *$50M balance can be kept 10
Slide 11: Acquisition Criteria
Acquisition Criteria Predominantly gold Producing or near-producing mine Minimum production of 100k oz./year Attractive grades Lower costs Good mining jurisdiction 11
Slide 12: Exploration
Exploration # IAMGOLD
Slide 13: Exploration Vision & Mandate
Exploration Vision & Mandate Brownfields: discover satellite deposits and deposit extensions to enhance and extend existing operations (Essakane & Rosebel – Oxide) Greenfields: discover or acquire undeveloped gold deposits capable of producing +100koz of gold (or gold equivalent) per year for 10 y
Slide 14: Exploration Program & Budget ($ millions)
Exploration Program & Budget ($ millions) Category 2013 2014 2015 Greenfield 28.2 34.6 26.0 Brownfield / Near Mine 41.2 22.0 20.0 Subtotal 69.4 56.6 46.0 Studies 24.2 12.3 10.0 Total 93.6 68.9 56.0 Change (YoY) -36% -26% -19% 220,000 – 240,000 m of resource development & exploration drilling planned
Slide 15: Project Comparisons in West Africa, Europe and the Americas
Project Comparisons in West Africa, Europe and the Americas 20 exploration Westwood Brucejack 11 g/t Au Yaramoko 10 Monster >12 g/t Au Grade Au (g/t) – Logarithmic Scale Ellipse = 75% of deposits Major axis = 1.1 g/t Au 5 exploration Minor axis = 2.25 Moz Pitangui 4.9 g/t Au Morelos Fekola Hounde Ha
Slide 16: Essakane: Search for Oxides
Essakane: Search for Oxides Takabangou Tin-Taradat 15 Km Korizena EMZ Encouraging infill drilling results at Falagountou EMZ South Falagountou Tassiri Sokadie Sustained exploration programs targeting oxide deposits 16
Slide 17: Falagountou
192800 193200 192400 Falagountou 1591000 Satellite deposit – 8 kms from Essakane mill Probable Reserves: 250Koz @ 1.34 g/t Au 1590600 Resources: M&I - 330Koz @1.38 g/t Au Inf - 190Koz @ 1.27 g/t Au A B 1590200 C D LEGEND Drill Holes Gold Mineralization Current Pit Shell 1589800 Potential
Slide 18: Falagountou 2014 Infill Drilling Program
Falagountou 2014 Infill Drilling Program A B 192 600 mE 193 000 mE 192 800 mE 192 400 mE W E 9 5 1 24 24 21 7 5 1 3 6 24 10 09 09 08 C0 C0 C0 M 35 C0 D0 00 D0 D0 34 D0 M 4 5 1 0 D FR FR 74 FR 9 33 0 79 92 92 6 91 FD D0 FR 79 FD C1 C0 0 0 0 FD FD 7 C0 C0 C0 FD FR 176 49 C0 D0 93 M FD C0 FR M FR FR FR
Slide 19: Falagountou 2014 Infill Drilling Program
Falagountou 2014 Infill Drilling Program C D 192 600 mE 193 000 mE 192 800 mE 192 400 mE W E 36 39 34 29 01 94 43 02 02 02 02 01 56 00 C0 02 C C C C0 2 08 C FR 000 D 9 00 38 C0 D FR 9 FR C 63 FR FR 06 FR 56 05 FD C C 9 00 8 FR D 00 64 FR 0 FR FR 00 DD 57 C M C0 M M F C M M M C0 FR M F FR FR M M FR M
Slide 20: Falagountou Drill Core With Visible Gold
Falagountou Drill Core With Visible Gold 20
Slide 21: West Africa Greenfield Project Highlights
West Africa Greenfield Project Highlights Regional Endowment – Mines Sadiola - 11.3 Moz Yatela - 2.1 Moz Syama - 6.4 Moz Morilla - 5.8 Moz Tabakoto - 2.7 Moz Loulo - 11.4 Moz Sabodala - 2.7 Moz Siribaya JV Boto 21
Slide 22: Boto Gold, Senegal: Updated Resource Estimate
Boto Gold, Senegal: Updated Resource Estimate Quantity Grade Au Metal Quantity Grade Au Metal (Mt) (g/t Au) (Koz) (Mt) (g/t Au) (Koz) RPA April 19, 22.0 1.62 1,142 1.9 1.35 81 2013 IMG Dec. 31, 22.8 1.68 1,231 11.0 1.80 635 2014 Total resources have increased by ~100Koz (indicated) and 550koz (inf
Slide 23: Boto Gold: Malikoundi Drill Results
Boto Gold : Malikoundi Drill Results Indicated resource grew in 2014 to 1.2 Moz. at 1.7 g/t Au from July 2013 initial estimate of 1.1 Moz at 1.6 g/t Au Inferred resource grew by 550k oz. to 635k oz. at 1.8 g/t Au February 2015 – final assay results continue to show wide Deposit A intervals of
Slide 24: Boto Gold: Malikoundi Drill Section
Boto Gold: Malikoundi Drill Section Mineralization mainly occurs between deformed two marble units A B 35m@3.9 33m@3.0 65m@1.6 15m@1.3 48m@0.9 73m@1.3 Marble 24m@1.4 11m@1.0 21m@1.4 18m@1.3 27m@1.1 64m@3.8 15m@4.2 14m@8.6 Inc. 38m@5.9 37m@2.1 All grades in g/t Au. 24
Slide 25: Boto Gold: Malikoundi High Grade Potential
Boto Gold: Malikoundi High Grade Potential DDH No. From (m) To (m) Interval (m) g/t Au 2200 280 318 38 5.85 2202 320 329 9 6.38 2203 269 285 16 7.73 2218 194 201 7 15.92 213 223 10 11.43 349 353 4 12.62 2222 12 23 11 29.49 36 39 3 24.79 2225 238 241 3 14.44 367 372 5 11.34 2226 179 190 11 8.15 2227
Slide 26: Boto Gold: High Grade Infill Drill Intersection
Boto Gold: High Grade Infill Drill Intersection 26
Slide 27: Boto Gold: High Grade Infill Drill Intersection
Boto Gold: High Grade Infill Drill Intersection 27
Slide 28: Boto Gold: Typical Mineralization
Boto Gold: Typical Mineralization Pyrite Albite-hematite crackle breccia with Qtz-tourmaline and sulphide mineralization 28
Slide 29: Siribaya, Mali (Merrex Gold Inc.)
Siribaya, Mali (Merrex Gold Inc.) Focus on Diakha prospect - extension of trend hosting Boto Fekola -B2Gold* Gold deposit 3.9Moz @ 1.91 g/t Au (M+I) 2014 drill program confirmed Boto-Malikoundi** gold mineralization with similar Mali 1.2Moz @ 1.7 g/t Au (M+I) characteristics to Boto. Guinea As
Slide 30: Siribaya: Diakha Discovery - Drill Hole Plan Map & Results
Siribaya: Diakha Discovery - Drill Hole Plan Map & Results Area of mineralization RC-448: 4.55 g/t Au / 8m & artisanal mining Discovered in 2014 Termite Au anomaly DD-148: 4.85 g/t Au / 34m A Artisanal mining incl: 7.31 g/t Au / 19m B Multiple zones of mineralization RC-445: 3.22 g/t Au / 34
Slide 31: Siribaya: Diakha Drill Section
Siribaya: Diakha Drill Section A B 2.06 g/t Au / 16m 3.22 g/t Au / 34m 4.85 g/t Au / 34m Incl: 7.31 g/t Au / 19m 4.91 g/t Au / 4m 1.75 g/t Au / 8m 0.95 g/t Au / 10m 2.18 g/t Au / 8m 31
Slide 32: Siribaya: Diakha - 2014 Drilling Result Highlights
Siribaya: Diakha - 2014 Drilling Result Highlights DDH No. From (m) To (m) Interval (m) g/t Au RC421 32 58 26 3.03 Includes: 40 42 2 15.20 46 50 4 6.16 RC429 68 98 30 2.58 Includes: 72 78 6 6.70 RC441 16 26 10 3.88 RC445 8 24 16 2.06 Includes: 20 22 2 12.45 36 70 34 3.22 Includes: 64 68 4 15.48 DD14
Slide 33: Siribaya: Diakha - Drill Hole SRD14-148: 34m Grading 4.85 g/t Au
Siribaya: Diakha - Drill Hole SRD14-148: 34m Grading 4.85 g/t Au 1.56g/t 1.06g/t 7.93g/t 8.15g/t 51.0g/t VG 11.55g/t 0.36g/t 157 m – 161m: 19.66 g/t Au 33
Slide 34: Pitangui, Brazil
Pitangui, Brazil Infill drilling continues at Sâo Sebastiâo, 24,500m of diamond drilling completed in 2014 April 2014 –maiden inferred resource estimate of 0.64 Moz at 4.88 g/t Au June 2014 – confirmed continuity of known resource / identified new high-grade intersections in second zone Ongo
Slide 35: Pitangui: Current Resources & Exploration Target
Pitangui: Current Resources & Exploration Target TABLE 1: MINERAL RESOURCE STATEMENT, PITANGUI PROJECT, BRAZIL Effective Date: January 9, 2014 Classification Deposit Tons Gold Grade Contained Ounces (000s) (g/t Au) (Au) (000s) Inferred São Sebastião 4,070 4.88 638 Notes: 1. CIM definitions were foll
Slide 36: Pitangui
Pitangui Area of Infill Drilling (50m x 50m centers) Infill Drilling Deposit Open Up Plunge Program 36
Slide 37: Pitangui: Contoured Grade x Metres - Biquinho Horizon
Pitangui: Contoured Grade x Metres - Biquinho Horizon Core area of deposit B Deposit open up plunge A 37
Slide 38: Pitangui: São Sebastião Deposit Cross Section – L50SE
Pitangui: São Sebastião Deposit A B Biquinho Pimento Cross Section – L50SE 38
Slide 39: Pitangui: Drill Hole FJG78: 9.73 g/t Au over 7.5m
Pitangui: Drill Hole FJG78: 9.73 g/t Au over 7.5m 39
Slide 40: Eastern Borosi, Nicaragua (Calibre Mining)
Eastern Borosi, Nicaragua (Calibre Mining) 176km land package with 2 gold and 2 silver deposits and series of exploration targets Q3/14 – Phase I drilling completed – Bonanza E. Borosi Project focused on 3 different vein systems, intercepted high-grade Au-Ag mineralization Siuna Assay results
Slide 41: Eastern Borosi: 2014 Drill Highlights
Eastern Borosi: 2014 Drill Highlights RISCOS de ORO VEIN (ext.) RD14-038: 1.6 m @ 4.4 g/t Au and 402 g/t Ag BLAG VEIN BL14-005: 6.4 m @ 4.1 g/t Au; 235.9 g/t Ag GUAPINOL VEIN GP14-002: 6.0 m @ 14.4 g/t Au; Vancouver VEIN GP14-003: 4.8 m @ 25.7 g/t Au GP14-010: 6.5 m @ 16.9 g/t Au GP14-028: 5.1 m @ 1
Slide 42: Côté Gold, Canada
Côté Gold, Canada As at December 31, 2014 estimated attributable resources were: Indicated 7,137k oz. at 0.9 g/t Au Inferred 1,148k oz. at 0.7 g/t Au Advancing permitting and resource studies Completing winter ice drill program Last stage in finalizing an updated resource statement The
Slide 43: Monster Lake, Canada (TomaGold Corporation)
Monster Lake, Canada (TomaGold Corporation) Excellent location in Abitibi Greenstone belt High-grade intervals (25 to +30 g/t Au) from previous drilling 2014 diamond drilling program of Monster Lake 12,761m on tested targets along 4km mineralized corridor › Confirmed presence of high-grade min
Slide 44: Monster Lake: High Grade Shear Hosted Mineralization
Monster Lake: High Grade Shear Hosted Mineralization VG Black High grade shear zone quartz vein hosted Quartz veins Drilling has confirmed 325 zone extends from surface to > 400m & remains open Shear Zone: graphite & sulphides (i.e. conductive) Zone Megane-325 Outcrop Erratix Showing Graphitic
Slide 45: Monster Lake: 2014 Fall Drill Program – Final Results
Monster Lake: 2014 Fall Drill Program – Final Results ML-14-119 ML-14-117 300m 325-Megane Zone lens Historical Drilling 200m ML-14-116 ML-14-114 ML-14-111 100m ML-14-131 ML-14-115 ML-14-132 18.68 g/t Au / 3.42 m 6.74 g/t Au / 7.10 m ML-14-130 46.33 g/t Au / 9.18 m Open 0m Hole number (incl.182.8 / 2
Slide 46: Monster Lake: Conductive Plate Models
Monster Lake: Conductive Plate Models Area of 325 Zone Areas Under Explored 46
Slide 47: Westwood Face Sample: > 100 ounces per tonne
Westwood Face Sample: > 100 ounces per tonne 47
Slide 48: Operations
Operations # IAMGOLD
Slide 49: 2014 Attributable Production Trend
2014 Attributable Production Trend1 300 250 7% 9% 241 200 20% 225 206 Improving Westwood in 000’s oz. grades at Mill expansion commercial Rosebel and 150 172 at Essakane production Essakane Grade 100 improvement and higher throughput at 50 Rosebel 0 Q1 Q2 Q3 Q4 1 Attributable gold production include
Slide 50: IAMGOLD – Consolidated Production and Cost Profile
IAMGOLD – Consolidated Production and Cost Profile 2015-20191,2 900 1,400 This chart provides a 5- 800 year outlook on 1,200 production, cash costs 700 and all-in sustaining costs Detailed charts by mine Attributable Production 000s koz. 1,000 600 for each of our wholly- 500 800 owned mines foll
Slide 51: Westwood Ramping Up – Canada
Westwood Ramping Up – Canada 40 1000 High-grade, low-cost underground gold mine 35 › Estimated 20 year mine life 800 30 › Avg. resource grade ~10g/t Au 25 Commercial production July 1, 2014 (000s oz.) 600 20 35 35 15 400 › 70,000k oz. produced in first six months at cash costs of $822/oz. and AI
Slide 52: Westwood – Production and Cost Profile 2015-2019
Westwood – Production and Cost Profile 2015-2019 250 1,200 200 1,000 Westwood to ramp up to LOM level of production in 800 2019 150 Total cash costs and AISC expected to trend 000s oz. $/oz. 600 downwards as production ramps up 100 400 Gradual increase in production allows for required undergr
Slide 53: Westwood Working Faces (as at January 2015)
Westwood Working Faces (as at January 2015) Current mining is concentrated on two lenses in Sector 1, a high-grade lens and a lower- grade lens Production ramp-up strategy is to increase development allowing us to operate in more than 2 sectors concurrently Mining of multiple sectors allows fo
Slide 54: Westwood Development Performance – Average Advance Meters / Day
Westwood Development Performance – Average Advance Meters / Day 8.8 8.8 9.2 Exceptional improvement 8.4 in 2014 quarter-over- quarter in average advance meters/day Production is ramping up as expected Average Meters/Day 5.7 Tonnage and grade reconciliation to date has 4.2 been positive Under
Slide 55: RC-Krige Modeling vs Reserve Model
RC-Krige Modeling vs Reserve Model The large filled boxes are from the resource model and the small shaded blocks are from the RC grade control model Recognition of dipping ore zones can guide blasting and mining direction to reduce dilution and maximize ore recovery 55
Slide 56: Improving Performance Opportunities at Westwood
Improving Performance Opportunities at Westwood As Westwood ramps up to full commercial production, the focus is now on optimizing development while maintaining advance rates From 2012 – 2014, Westwood was able to improve lateral development productivity by over 70% for all crews For the last
Slide 57: Improving Performance at Rosebel - Suriname
Improving Performance at Rosebel - Suriname 100 1000 Multiple open-pit mine 80 94 800 Diminishing supply of soft rock within current reserves 80 83 2014 – 325,000 oz. produced at total cash costs of (000s oz.) 60 68 600 ($/oz.) $804/oz. and AISC of $1,045/oz. 40 400 Improving trend in grades
Slide 58: Rosebel – Production and Cost Profile 2015-2019
Rosebel – Production and Cost Profile 2015-2019 350 1,600 As the percentage of hard 1,400 rock increases, production 300 is expected to decrease 1,200 Harder rock requires more 250 power for crushing and Attributable Production 000s oz. grinding, challenging to 1,000 sustain throughput capacity
Slide 59: Rosebel Historical Throughput - Managing the Change in Rock Type
Rosebel Historical Throughput - Managing the Change in Rock Type 120 4 To counter the cost impact of increasing hard 3.5 rock, a third ball mill was 100 added and the mining fleet was expanded in 3 2013 80 Through 2014, the 2.5 proportion of soft rock Throughput (Mt) Rock Type (%) fell from 47%
Slide 60: Improving Performance Opportunities at Rosebel
Improving Performance Opportunities at Rosebel Continue to be focused on improving operating efficiencies In 2014, we employed a third party to review our mining and milling processes Initiatives to improve processes and productivity are producing positive results Initiatives Implemented Resul
Slide 61: Improving Performance Opportunities at Rosebel
Improving Performance Opportunities at Rosebel Initiatives Still Underway Removing operating barriers Improving communication within and between departments Reducing the causes of lost time to improve productivity Optimizing mining sequence to feed the mill effectively Streamlining management inform
Slide 62: Optimizing Performance at Essakane – Burkina Faso
Optimizing Performance at Essakane – Burkina Faso 100 1000 Open-pit mine in 4th year, 10 years remaining in LOM 80 92 89 800 Mill expansion in 2013 to accommodate hard rock 83 2014 cash cost of $852/oz reflects harder rock and lower 60 68 600 capitalized stripping – AISC of $1,060/oz. (000s oz
Slide 63: Essakane – Production Profile 2015-2019
Essakane– Production Profile 2015-2019 450 1,400 400 1,200 Major mill expansion completed in 2013 to 350 accommodate a growing proportion of hard rock 1,000 Expansion driving strong Attributable Production 000s oz. 300 production and steady 800 250 state costs for the next $/oz. four years 200 6
Slide 64: Essakane Throughput for 2013 & 2014 – Managing Rock Hardness
Essakane Throughput for 2013 & 2014 – Managing Rock Hardness 120 4 In 2014, hard rock 3.5 increased from 25% 100 to over 81% 3 Despite the declining proportion of soft 80 2.5 rock, throughput Throughput (Mt) Rock Type (%) levels were maintained H1 2014 throughput 60 2 levels high due to 1.5 hi
Slide 65: Improving Performance Opportunities at Essakane
Improving Performance Opportunities at Essakane Achieved a 33% increase in production year over year in 2014 due to the mill expansion and higher grades Greatest opportunity to reduce our cost structure at Essakane will come from process improvement initiatives being implemented in 2015 Focus
Slide 66: Revitalization Strategy for Sadiola – Mali
Revitalization Strategy for Sadiola – Mali 30 1200 25 1000 Open-pit mine in operation for 20 years 20 24 800 Transitioning to hard rock (000s oz.) 20 19 Continuing to look for additional oxide reserves ($/oz.) 15 21 600 10 400 Existing plant not built for hard rock 5 200 2014 production of
Slide 67: Burkina Faso: Social Environment
Burkina Faso: Social Environment Since the events of October 2014, the expectations of civil society and communities have increased, and it is essential that mining companies engage proactively and constructively with their host communities. IAMGOLD does this and is widely recognized as a leader for
Slide 68: West Africa Update
West Africa Update Political Environment in Burkina Faso: Since October, a transitional, consensus-based, government has been in place to prepare for elections in October IAMGOLD has engaged with all key members of this administration, and their commitment to the security and success of the mining
Slide 69: Financial Review
Financial Review CORPORATION
Slide 70: Maintaining Strong Liquidity
Maintaining Strong Liquidity $1,361 40 500 $millions $821 Proceeds from flow through shares 1 162 Unused credit 500 facility Gold bullion at market 659 162 Cash & cash equivalents 159 As at December 31, 2014 Proforma as at December 31, 2014, with sale of Niobec and cash proceeds from flow through sh
Slide 71: Financial Discipline: Working Capital, Cost Reductions & CAPEX
Financial Discipline: Working Capital, Cost Reductions & CAPEX All-In Sustaining Costs1,2,3 1,400 During 2014 the initiative to convert non-cash working capital accounts to cash contributed over $50 million to our cash position 1,200 1,222 Process changes have been made in areas 1,000 1,101 such
Slide 72: Summary of Outstanding Hedge and Non-Hedge Derivative Contracts
Summary of Outstanding Hedge and Non-Hedge Derivative Contracts1 Contracts 2015 2016 2017 2018 Foreign currency Canadian dollar contracts (M of C$) 145.0 60.0 – – Contract rate range (C$/$) 1.10 – 1.17 1.12 – 1.18 – – Hedge ratio2 60% 29% – – Euro contracts (M of €) 126.0 – – – Contract rate range (
Slide 73: Input Sensitivity Analysis
Input Sensitivity Analysis1 Change of Annualized impact on Annualized impact on Total Cash Costs2 – All-in Sustaining Costs2 Gold Mines4 by $/oz. – Gold mines4 by oz Gold price3 $100/oz. $4/oz. $4/oz. Oil price $10/barrel $13/oz. $14/oz. Canadian$ / US$ $0.10 $12/oz. $19/oz. US$ / € $0.10 $12/oz. $1
Slide 74: Regional tax rates, available pools, cash taxes, royalty rates & other
Regional tax rates, available pools, cash taxes, royalty rates & other Africa Americas Burkina Faso Mali Canada Suriname 17.50% Corp. Tax Rate Statutory corporate income tax rate of 30% 36% 36% 27.5% less 10% per Mining Agreement includes Quebec mining duty taxes - deductible for income tax purposes
Slide 75: Capital Structure
Capital Structure Equity Debt IMG CDN Equity (as at Feb 27, 2015) IAMGOLD 6 ¾ callable bonds October 1, 2020 Price: $3.06 Rating: B2 (Moody’s), and B+ (S&P) as of February 2015 Market Cap: $1,196M Rank: Sr Unsecured 52 Wk High/Low: $4.82 / $1.62 Issue price: $100 YTD: (3%) Last trade: $80.50 (as at
Slide 76: Why invest in IAMGOLD?
Why invest in IAMGOLD? Diversified portfolio of operating gold mines in friendly mining jurisdictions Owned and operated mines generating positive free cash flow AISC improving - optimizing economic returns from existing assets Demonstrated ability to adapt in a volatile gold market Signif
Slide 77: Appendix
Appendix #IAMGOLD
Slide 78: 2015 Production and Cost Guidance
2015 Production and Cost Guidance1 Guidance Rosebel (000s oz.) 290 – 300 Essakane (000s oz.) 360 – 370 gold production Attributable Westwood (000s oz.) 110 – 130 Total owner-operator production (000s oz.) 760 – 800 Joint ventures (000s oz.) 60 Total attributable production (000s oz.) 820 – 860 Total
Slide 79: 2015 – 2019 Budget Assumptions
2015 – 2019 Budget Assumptions 2015 2016 2017 2018 2019 Gold Price ($/oz.) 1,250 1,300 1,300 1,300 1,300 Oil ($/barrel) 73 80 80 80 80 USD/CAD 1.15 1.15 1.15 1.15 1.15 Euro/USD 1.20 1.20 1.20 1.20 1.20 79
Slide 80: 2015 Capital Expenditure Outlook
2015 Capital Expenditure Outlook Development/ ($ millions) Sustaining1 Expansion Total (Non-sustaining) Rosebel 70 10 80 Essakane 55 5 60 Westwood 30 50 80 Total gold segments 155 65 220 Côté Gold - 5 5 Total consolidated 155 70 225 Joint ventures 5 - 5 Total (±10%) 160 70 230 1 Includes capitalized
Slide 81: 2014 Reserves and Resources
2014 Reserves and Resources1 As of December 31, 2014 2014 Change 2013 Gold (000s attributable oz. contained) Total proven and probable mineral reserves 8,608 (15%) 10,127 Total measured and indicated mineral resources 2,3 21,412 (9%) 23,408 Total inferred resources 7,018 11% 6,299 • Gold reserves we
Slide 82: Greenfield Exploration References
Greenfield Exploration References Boto Project, Senegal: see IAMGOLD news releases dated April 9, October 20, 2014 & February 3, February 18, 2015. Eastern Borosi, Nicaragua: see Calibre Mining news releases dated September 2, September 24, November 4, 2014 & January 21, 2015. Monster Lake, Canada:
Slide 83: Investor Relations
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