Iamgold Corporation · TSX:IMG
Iamgold — BoAML 2016 Global Metals, Mining & Steel Conference
20 slides from Iamgold's conference presentation, May 11, 2016
Slide 1: BoAML 2016 Global Metals, Mining & Steel Conference
BoAML 2016 Global Metals, Mining & Steel Conference May 10 -12, 2016 Gordon Stothart, EVP & COO
Slide 2: 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 3: Geographically Diversified Asset Base
Geographically Diversified Asset Base 806,000 ounces produced in 2015 l TSX: IMG l NYSE: IAG l 3
Slide 4: Strong Foundation
Strong Foundation Financial Improving cost Stable Robust Flexibility structure production exploration profile portfolio $800M available Reduced costs by 4 operating gold 2 wholly-owned liquidity $175M since mines and 4 JV projects 2013 l TSX: IMG l NYSE: IAG l 4
Slide 5: Prudent Cash Management
Prudent Cash Management Long-term debt not due until 20204 • $635M of senior unsecured notes • Net Debt/EBITDA 0x 750 • Covenant: Net Debt/EBITDA 3.5x $30 700 (5.7) 650 $250* (70.0) (2.7) 1.7 30.3 $500 170.3 $millions 600 55.82 (69.6) $529 550 658.13 500 $27 548.01 $71 450 $143 Cash: investing activ
Slide 6: Disciplined Capital Spending
Disciplined Capital Spending 800 700 669 600 500 Development / Expansion $millions Sustaining 400 325 300 244 250 1 200 100 0 2013 2014 2015 2016 Guidance 1 Plus or minus 10% l TSX: IMG l NYSE: IAG l 6
Slide 7: 2016 Production and Cost Guidance
2016 Production and Cost Guidance1,3 2016 Guidance1 Essakane (000s oz.) 365 – 375 Rosebel (000s oz.) 285 – 295 Westwood (000s oz.) 50 – 60 Total owner-operated production (000s oz.) 700 -730 Joint ventures (000s oz.) 70 Total attributable production (000s oz.) 770 – 800 Total cash costs2,3 – owner-o
Slide 8: Essakane – Burkina Faso (90%)
Essakane – Burkina Faso (90%) Q1 2015 Q1 2016 Attributable gold production 89,000 88,000 Average grade 1.33 1.21 All-in sustaining costs1 ($/oz) $988 $1,116 Total cash costs1 ($/oz) $761 $691 Q1 2016 Highlights Decrease in production Q-o-Q due to lower grades, partially offset by Essakane LOM – pr
Slide 9: Rosebel – Suriname (95%)
Rosebel – Suriname (95%) Q1 2015 Q1 2016 Attributable gold production 76,000 68,000 Average grade 0.81 0.77 All-in sustaining costs1 ($/oz) $1,037 $955 Total cash costs1 ($/oz) $850 $768 Q1 2016 Highlights Decrease in production Q-o-Q due to lower grades and lower throughput Rosebel LOM – Producti
Slide 10: Westwood – Quebec (100%)
Westwood – Quebec (100%) Q1 2015 Q1 2016 Attributable gold production 22,000 15,000 Average grade 6.29 5.77 All-in sustaining costs1,2 ($/oz) $1,507 $890 Total cash costs1,2 ($/oz) $1,130 $857 Westwood LOM – Production & Costs Forecast Q1 2016 Highlights Production from planned mining blocks on sc
Slide 11: Westwood development - benchmarks being met
Westwood development - benchmarks being met Key Performance Indicators Forecast YTD Actual YTD Variance No lost time DART Rate* 3.30 0 -100% incidents Safety or injuries TRIR+ 8.8 8.2 -7% Underground lateral development 5,312 5,528 4% Development (m) Underground vertical development 816 696 -15% Dev
Slide 12: Sadiola- Mali (41%)
Sadiola- Mali (41%) Q1 2015 Q1 2016 Attributable gold production 19,000 19,000 Average grade 1.23 1.22 All-in sustaining costs1 ($/oz) $914 $821 Total cash costs1 ($/oz) $887 $795 Sulphide Expansion Project – 2015 Technical Report2 Q1 2016 Highlights 19,000 attributable ounces produced Strip Ratio
Slide 13: Exploration Program – Increased Focus & Success
Exploration Program – Increased Focus & Success Since 2012: • 68% reduction in exploration expenditures 160 • 9.5Moz upgraded to Indicated • 3 greenfield discoveries 140 - 1.69Moz Indicated - 1.90Moz Inferred 120 • Côté Gold – 2.6Moz added 100 $millions 80 60 40 20 0 2012 2013 2014 2015 2016 Guidanc
Slide 14: Boto Pitangui
Boto Location: Senegal Tonnes Grade Contained Ounces (000) (g/t) (000 Au) Ownership: 100% Measured & Indicated1 27,670 1.8 1,563 Highlights: • Currently advancing technical and environmental studies necessary for the Inferred1 2,922 1.3 125 economic evaluation of the project • April 2016 diamond dri
Slide 15: Diakha-Siribaya Eastern Borosi
Diakha-Siribaya Location: Mali Tonnes Grade Contained Ounces (000) (g/t) (000 Au) Ownership: 50:50 JV with Merrex Gold Measured & Indicated1,2 2,102 1.9 129 Highlights: • Multiple zones of mineralization and deposit Inferred1.2 19,816 1.7 1,092 open in all directions • Currently focused on expanding
Slide 16: Monster Lake Nelligan
Monster Lake Location: Quebec Ownership: Earn-in option with TomaGold Highlights: • High-grade 325-Megane Zone extends at depth • Testing targets north and south of the main 325- Megane Zone • Final drilling results for 2015 drill program announced in February 2016. › Results include: 2.8 meters gra
Slide 17: Thank you
Thank you
Slide 18: Mineral Reserves and Resources
Mineral Reserves and Resources Contained Gold (000s attributable oz.) 2015 Change 2014 As of December 31, 2015 Total proven and probable mineral reserves 7,690 (11%) 8,608 Total measured and indicated mineral resources 2,3 23,482 10% 21,412 Total inferred resources 6,733 (4%) 7,018 • Gold reserves h
Slide 19: Technical Information and Qualified Person/Quality Control 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 20: TSX: IMG NYSE: IAG
Bob Tait VP, Investor Relations T: 416-360-4743 Laura Young Director, Investor Relations T: 416-933-4952 info@iamgold.com TSX: IMG NYSE: IAG
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