Iamgold Corporation · TSX:IMG
Iamgold — Denver Gold Forum 2018
28 slides from Iamgold's conference presentation, September 2018
Slide 1: Denver Gold Forum
Denver Gold Forum September 2018 Steve Letwin, President & CEO Carol Banducci, EVP & CFO Craig MacDougall, SVP, Exploration l TSX: IMG l NYSE: IAG l
Slide 2: Cautionary Statement
Cautionary Statement All information included in this presentation whether in narrative or chart form, 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 s
Slide 3: Geographically Balanced Over 3 Continents
Geographically Balanced Over 3 Continents NORTH AMERICA Gold Mine IAMGOLD Attributable Measured and Indicated Resources Westwood Development Project Côté Gold Advanced Exploration As at December 31, 2011 As at December 31, 2017 Nelligan 3% Monster Lake WEST AFRICA North America Essakane 23% Sadiola
Slide 4: 2018 – Abundance of Catalysts
2018 – Abundance of Catalysts 2018 Q1 Q2 Q3 Q4 2019 2020 2021 ✔ ✔ ✔ Saramacca Gold Essakane Heap Leach Saramacca Reserve Essakane Oxygen Saramacca Essakane HL Côté District Consolidation Pre-feasibility Study declaration plant Commissioning production production production ✔ Boto Pre-feasibility Gos
Slide 5: Value Creation Through Solid Growth Strategy
Value Creation Through Solid Growth Strategy Short-Cycle Capacity Long-Cycle Capacity Rosebel Gold Mine Côté Gold Project • Saramacca • Mine optimization • Joint-venture agreement with Sumitomo • Continued concession consolidation Metal Mining Co., Ltd. • Shorter Essakane Gold Mine • Longer Boto, Pi
Slide 6: Industry Leading Balance Sheet
Industry Leading Balance Sheet CASH & CASH EQUIVALENTS POSITION (US$MM) $919 $794 $776 $434 $239 $188 $167 $129 $123 $107 Kinross Agnico Eagle IAMGOLD Eldorado Evolution Centerra New Gold OceanaGold Yamana B2Gold NET CASH (DEBT) POSITION (US$MM) $382 IAMGOLD Evolution Centerra OceanaGold Eldorado B2
Slide 7: Structured for Long-Term Growth
Structured for Long-Term Growth 16 14.5 Moz 14 86% Reserve Increases4 12 Increase Côté: +3.8Moz Attributable Reserves (Moz) 1,2,3 Rosebel: +1.4Moz 10 Boto: +1.4Moz 8 7.8 Moz Westwood: +0.2Moz 6 4 2 0 2016 2017 * Reserve numbers included on this slide have been rounded 1 Mineral reserves have been es
Slide 8: Rosebel’s Path to Sustaining Growth
Rosebel’s Path to Sustaining Growth 2020 – 2028 2019 Continued consolidation 2018 Saramacca production 2017 51% reserve start increase with 69% reserve declaration at Regional increase through Saramacca exploration mine plan optimization Drilling CREATING A NEW GOLD Saramacca- Saramacca initial Brok
Slide 9: Rosebel – Significant Transformational Achievements
Rosebel – Significant Transformational Achievements Suriname (95%) 51% Increase in Total Reserves • 1.6Moz increase in reserves to 4.7Moz1 when compared to December 31, Extends LOM to 2033, 2017, including 1.0Moz declared at the Saramacca Deposit including Saramacca • Potential for further increase
Slide 10: Rosebel’s Strengthened Profile
Rosebel’s Strengthened Profile • Total Reserves increase of 51% to 4.7Moz, including 1.0Moz from Saramacca • Extend LOM by 5 years to 2033 • Peak Mining Capacity of 105.0Mtpa, including 30.0Mtpa from Saramacca • 15 year mine life expected with mill throughput of 10.9Mtpa, including 1.9Mtpa from Sara
Slide 11: Saramacca Progressing Towards H2’19 Production
Saramacca Progressing Towards H2’19 Production • Detailed engineering work related to infrastructure and production of the haul road Contained Attributable3 nearly complete Tonnes Grade Ounces Contained (000) (g/t) (000 Au) Ounces (000 Au) • Completed long haul truck selection: 80t Haulmax 3900 Prov
Slide 12: Rosebel – Consolidated Prospective Land Packages
Rosebel – Consolidated Prospective Land Packages Brokolonko 11
Slide 13: Essakane’s Path to Sustaining Growth
Essakane’s Path to Sustaining Growth 2021- 2030 2020 Heap Leaching 2019 Heap Leap running in parallel to existing plant production start 2018 Complete Heap Leach FS & CIL Exploration upside with multiple plant optimization satellite deposits Gossey resource 10-15km from mill estimate study 39% reser
Slide 14: Essakane – Driving Transformational Change
Essakane – Driving Transformational Change Burkina Faso (90%) Heap Leaching1 • 39% increase in reserves based on PFS and higher grade intercepts Extend mine life to 2026 • Mine life extended to 2026, three years from previously disclosed plan with average annual • Average annual production of 480koz
Slide 15: Heap Leach FS with CIL Optimization Ongoing
Heap Leach FS with CIL Optimization Ongoing • Positive PFS results following successful infill program with higher grades than anticipated in several areas • Probable Reserves increase of 39% to 4.7Moz, before depletion • Extend LOM by 3 years (2026) • 8.5 year mine life expected with 12Mtpa CIL thr
Slide 16: World’s Largest Hybrid Solar/Thermal Plant
World’s Largest Hybrid Solar/Thermal Plant Commissioned in Q1’18 • 15MWp solar plant + 57MW thermal plant • Approximately 130,000 photovoltaic panels • Decreases fuel consumption by ~6 million litres per year • Reduces annual CO2 emissions by 18,500 tons Photo: Wärtsilä 15
Slide 17: Essakane – Regional Exploration Targets
Essakane – Regional Exploration Targets Brownfield Success Dembam 2 • ~1 Moz of resources delineated at Falagountou West and East, 8 kilometres east of Essakane Takabangou • During Q2’18, completed nearly 24km RC and diamond drilling on the mine lease and surrounding concessions, inclusive of infill
Slide 18: Westwood’s Path to Sustaining Growth
Westwood’s Path to Sustaining Growth 2020 – 2035 2020 Potential to extend LOM through exploration 2015-2019 Full Production Ramp-up Resource Conversion Ongoing performance optimization RAMPING UP PRODUCTION 17
Slide 19: Westwood – Ramping up to Full Production
Westwood – Ramping up to Full Production Quebec (100%) Ramping Up Continues • Production expected to be between 125,000 and 135,000 oz in 2018 with Ramping up to full production planned from two of the six designed mining blocks production by 2020; • Development of 180-West level – beginning block 3
Slide 20: Development Pipeline
Development Pipeline 19
Slide 21: Côté Gold Development Project
Côté Gold Development Project 2021 – 2038 2020 Production 2019 Construction Potential to 2018 Investment extend LOM 2017 Feasibility study decision Begin pre-strip through exploration Construction Pre-Feasibility Study confirms low operating costs and ADVANCING ONE OF attractive returns CANADA’S LAR
Slide 22: Côté Gold
Côté Gold Ontario (64.75%) Joint Venture with Sumitomo Metal Mining3 Attributable 64.75% Tonnes Grade Contained Ounces (000) (g/t) (000 Au) • Sale of 30% interest in Côté Gold Project to SMM for $195M • SMM is well funded with extensive technical expertise Probable Reserves1 126,961 0.9 3,837 • Comm
Slide 23: Boto Gold
Boto Gold Senegal (100%) Pre-feasibility Study Highlights Tonnes Grade Contained Ounces (000) (g/t) (000 Au) • Mine life of 13.5 years with mill throughput of 2.0Mtpa • LOM average annual production of nearly 100,000 oz Probable Reserves1 26,841 1.64 1,415 with higher production in early years Measu
Slide 24: Diakha-Siribaya
Diakha-Siribaya Mali (100%) Effective Dec 31, 2017 Tonnes Grade Contained (Diakha & Zone 1B) (000) (g/t) ounces Highlights: RPA (000 Au) • Located approximately 10km south along strike Measured & Indicated1 2,102 1.9 129 from the Boto Gold Project in Senegal Inferred1 19,816 1.7 1,092 • >14km RC and
Slide 25: Pitangui Eastern Borosi
Pitangui Brazil (100%) Highlights: • Banded iron formation hosted deposit Tonnes Grade Contained Ounces (000) (g/t) (000 Au) • 25kms from Jaguar’s Turmalina mill Inferred 1 5,365 4.7 819 • Completed >4.9km of diamond drilling to expand São Sebastião deposit in Q2’18 • Focused on extending mineraliza
Slide 26: Monster Lake Nelligan
Monster Lake Quebec (50% JV Interest) Ownership: 50:50 JV with TomaGold, with option to earn up to a Tonnes Grade Contained Ounces 100% Basis (000) (g/t) (000 Au) 75% interest 1 Inferred 1,110 12.1 433 Highlights: • Announced results of 2018 winter drilling program2: › 40.94 g/t Au over 5.3m › 72.17
Slide 27: Projects Support a Clear Growth Strategy
Projects Support a Clear Growth Strategy Boto Gold Côté Gold Investment Advancing decision to be Westwood towards made development Ramping up production Future Growth Essakane Options Unlocking potential through Further brownfield Heap Leaching expansion and Rosebel and satellite exploration project
Slide 28: Investor Relations Contacts
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 l TSX: IMG l NYSE: IAG l