Iamgold Corporation · TSX:IMG
Iamgold — Merger or Acquisition (October 2014)
19 slides from Iamgold's merger presentation, Oct 3, 2014
Slide 1: IAMGOLD – Focusing on Our Core Assets
Click to edit Master title style IAMGOLD – Focusing on Our Core Assets October 3, 2014 TSX : IMG NYSE : IAG
Slide 2: Cautionary Statement on Forward-Looking Information
Click to edit Master title style 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 fut
Slide 3: IAMGOLD To Focus on Gold Assets
Click to edit Master title style IAMGOLD To Focus on Gold Assets YATELA SADIOLA Senegal ESSAKANE Mali Boto WESTWOOD Siribaya Burkina Faso Val d’Or Suriname Colombia Côté Gold ROSEBEL Brazil Peru GOLD Mines Development Project Pitangui Advanced Exploration Exploration Office Five Gold Mines: 2014 Pro
Slide 4: Terms of the Transaction
Click to edit Master title style Terms of the Transaction • Reached an agreement to sell Niobec to a group of companies led by Aaron Regent of Magris Resources, a private company • The group of companies is comprised of: • Magris Resources, • CEF Holdings, based in Hong Kong and owned equally by Che
Slide 5: IAMGOLD’s Rationale for the Transaction
Click to edit Master title style IAMGOLD’s Rationale for the Transaction Unlocks the value of Niobec for our shareholders Positions IAMGOLD as a pure gold company Improves liquidity Provides capacity to enhance portfolio Focused on Economic Returns 5
Slide 6: Proforma Financial Position Over $1.3 Billion
Click to edit Master title style Proforma Financial Position Over $1.3 Billion Liquidity Pro Forma Liquidity as at September 30, 2014 w/ Immediate Proceeds from Sale of Niobec 500 250 164 500 665 164 165 Total $1.08 billion Total $1.33 billion Cash & cash equivalents Gold bullion at market Cash & ca
Slide 7: Use of Proceeds
Click to edit Master title style Use of Proceeds Continue to take a disciplined approach to our business Priorities continue to include focus on capital allocation, cost reduction and cash preservation Intention to grow gold business by looking for opportunities to enhance our portfolio of ass
Slide 8: Strategy – IAMGOLD Going Forward
Click to edit Master title style Strategy – IAMGOLD Going Forward Transforms IAMGOLD into a pure gold play Has the financial strength to optimize returns from our gold business Has demonstrated ability to adapt in a volatile gold market Focuses on diversified portfolio of gold mines in minin
Slide 9: Reinventing Rosebel – Suriname
Click to edit Master title style Reinventing Rosebel – Suriname History of reserve growth, produced more gold than original mineral reserves in first ten years Power agreement in 2013 reduced rate from $0.21/kWh to $0.14/kWh Continue to improve mining and processing productivity and implement
Slide 10: Essakane Focused on Mine Optimization – Burkina Faso
Click to edit Master title style Essakane Focused on Mine Optimization – Burkina Faso Expansion completed 2013 to accommodate increasing proportion of hard rock Focused on: Ramping up production - expecting 25% production increase in 2014 from 2013 Finding additional soft rock Achieving co
Slide 11: Production Ramping up Westwood – Canada
Click to edit Master title style Production Ramping up Westwood – Canada Average resource grade >10g/t Au Commenced commercial production July 1, 2014 Production ramping up Evaluating production profiles to optimize returns › LOM profiles range from 165k - 180k oz. of annual production at ca
Slide 12: Focused on Revitalization Strategy for Sadiola – Mali
Click to edit Master title style Focused on Revitalization Strategy for Sadiola – Mali Transitioning to hard rock Expansion required to accommodate hard rock processing Reliable, long-term supply of low-cost power critical to expansion project Outlook › Priorities aligned with government and c
Slide 13: Exploration Review
Click to edit Master title style Exploration Review 13
Slide 14: Resource Development and Brownfield Exploration
Click to edit Master title style Resource Development and Brownfield Exploration ROSEBEL ESSAKANE Focused on identifying higher- Continuing to target inferred grade and softer rock resource areas around current resources pit design 5-year option agreement with Follow-up drilling campaigns on Sar
Slide 15: Greenfield: Boto Gold Project, Senegal
Click to edit Master title style Greenfield: Boto Gold Project, Senegal July 2013 – declared initial indicated resource estimate of 1.1 Moz at 1.62 g/t Au Based on 423 drill holes, totalling 56,832 metres April 2014 – ongoing drilling confirms continuity of resource and extends mineralization
Slide 16: Greenfield: Pitangui Project, Brazil
Click to edit Master title style Greenfield: Pitangui Project, Brazil Sâo Sebastiâo gold deposit located in the prolific Iron Quadrangle April 2014 – declared maiden inferred resource of 0.64 Moz at 4.88 g/t Au Based on 57 holes, totaling 19,600 metres 24,000 metres of planned drilling for 2
Slide 17: Catalyst Strategies
Click to edit Master title style Catalyst Strategies Continue reducing all-in sustaining costs Reinvent Rosebel through softer rock Optimize and reduce power costs at Essakane Ramp up Westwood production Resolve future of Sadiola Execute successful gold mine acquisition(s) Advance promising e
Slide 18: Why invest in IAMGOLD?
Click to edit Master title style Why invest in IAMGOLD? Diversified portfolio of producing gold mines New producing Westwood gold mine with resource grade averaging 10 g/t Au Optimizing economic returns with optionality for growth Promising exploration pipeline of select projects Strong governm
Slide 19: Investor Relations
Click to edit Master title style 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