Iamgold Corporation · TSX:IMG
Iamgold — Investor Presentation (January 2023)
40 slides from Iamgold's investor presentation, January 2023
Slide 1: Corporate Presentation
JANUARY 2023 CORPORATE PRESENTATION CORPORATE PRESENTATION TSX: IMG l NYSE: IAG January 2023 www.iamgold.com TSX: TSX:IMG IMG l l NYSE: NYSE:IAG IAG l l www.iamgold.com www.iamgold.com
Slide 2: Cautionary Statement
JANUARY 2023 CORPORATE PRESENTATION Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Statements included in this news release, including any with respect to the Company’s future financial or operating performance and other statements that express management’s expectati
Slide 3: Technical Information and Qualified Persons
JANUARY 2023 CORPORATE PRESENTATION Technical Information and Qualified Persons CAUTIONARY NOTE TO U.S. INVESTORS REGARDING DISCLOSURE OF MINERAL RESERVE AND MINERAL RESOURCE ESTIMATES The mineral resource and reserve estimates contained in this presentation have been prepared in accordance with NI
Slide 4: IAMGOLD – Building a Leading High-Margin Gold Producer
JANUARY 2023 CORPORATE PRESENTATION IAMGOLD – Building a Leading High-Margin Gold Producer FOCUSING ON PROFITABILITY COMMITMENT TO ESG • Produced 713,000 ounces in 2022, above the upper end of • Zero Harm® commitment and focus on safety, while revised production guidance of 650,000 – 705,000 ounces
Slide 5: Projects Overview
JANUARY 2023 CORPORATE PRESENTATION Projects Overview ESSAKANE WESTWOOD ROSEBEL ANNOUNCED SALE TO ZIJIN MINING Burkina Faso, West Africa Quebec, Canada Suriname, South America (90% Ownership) (100%) (95% RGM | 66.5% Saramacca3) PRODUCTION Start-up 2010 2014 2004 (Saramacca H2 20) Mine type Open pit
Slide 6: Environmental, Social and Governance
JANUARY 2023 CORPORATE PRESENTATION Environmental, Social and Governance Since 2007 Zero Harm® is our commitment to continually strive to reach the highest standards in human health & safety, minimize our environmental footprint, and work co-operatively with our host communities • AA in the MSCI ESG
Slide 7: Operations
JANUARY 2023 CORPORATE PRESENTATION Operations OPERATING RESULTS Q4/22 Q3/22 2022 2021 STRONG PRODUCTION PERFORMANCE IN 2022 Essakane (90%) koz 98 115 432 412 Q4 2022 production of 185,000 ounces (attributable) Rosebel (95%) koz 69 50 214 154 Full year 2022 production of 713,000 ounces (attributable
Slide 8: Côté Gold Quarterly Progress Report
JANUARY 2023 CORPORATE PRESENTATION Côté Gold Quarterly Progress Report Côté Gold: Côté Pit – Aug 2022 Processing plant interior – Dec 2022 Processing plant – Dec 2022 994K Loader & D10 Bulldozer – July 2022 Crushing conveyor – Dec 2022 Primary/secondary crushing circuits – Oct 2022 8
Slide 9: Infrastructure Procurement
JANUARY 2023 CORPORATE PRESENTATION Côté Gold: Quarterly Progress Report as at Sept 30, 2022 ACTIVITIES UPDATE 64.2% 100% • Expended $158.9 million (incurred $159.0 million) in Q3 2022. project completion detailed engineering • Health and safety: Surpassed 6.9 million hours with no lost time injurie
Slide 10: Côté Gold Upcoming Milestones
JANUARY 2023 CORPORATE PRESENTATION Côté GoldUpcoming Milestones Côté Gold: 2022 2023 2024 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 TMF Phase I Q2/23 Earthworks TMF Phase II Q3/23 Overburden Removal Q3/23 AHS Control Room Côté Pit – Aug 2022 Q4/22 Processing plant interior – Aug 2022 Processing plant – Au
Slide 11: Côté Gold: Gosselin
JANUARY 2023 CORPORATE PRESENTATION Côté Gold: Gosselin • 15,000 m diamond drilling completed YTD 2022 of total 16,000 m campaign to further delineate and expand Gosselin mineralized envelope Côté Gold Project – Mineral Reserves & Resources (2022)2,3 • Gosselin zone adjoins the Côté deposit to the n
Slide 12: Côté Gold: 43-101 Summary
JANUARY 2023 CORPORATE PRESENTATION Côté Gold: 43-101 Summary OPERATIONS PRODUCTION & COSTS Mine life of 18 years with initial production expected in early 2024 600 $1,400 Average annual production of 495,000 ounces (320,500 ounces attributable2) during the first six years following commercial produ
Slide 13: Liquidity Summary
JANUARY 2023 CORPORATE PRESENTATION Liquidity Summary LIQUIDITY LIQUIDITY (as of September 30, 2022) $282 Total liquidity1 of $637 million Cash and equivalents (incl. ST investments) of $536.1 million $360 • As at September 30, 2022, $237.8 million of cash and cash equivalents was $ million +100.7 $
Slide 14: Sumitomo Agreement: Funding with an Option to Repurchase
JANUARY 2023 CORPORATE PRESENTATION Sumitomo Agreement: Funding with an Option to Repurchase The financing provided by SMM demonstrates strong validation of Côté from our partner INITIAL ADVANCES INCREMENTAL CONTRIBUTIONS REPURCHASE FEE REPURCHASE OPTION • Commencing in January 2023, • After the $25
Slide 15: Essakane Gold Mine, Burkina Faso
JANUARY 2023 CORPORATE PRESENTATION Essakane Gold Mine, Burkina Faso 15
Slide 16: Essakane – Overview
JANUARY 2023 CORPORATE PRESENTATION Essakane – Overview OWNERSHIP: 90% IAMGOLD; 10% Government of Burkina Faso MINING Mine type Start-up Mine life 70 4.0 Open Pit 2010 ~20271 Essakane 3.0 NIGER 2022 Performance2 2023 Guidance2,3 2022 Capital costs2,3 M tonnes 35 MALI 432,000 oz 325,000 – 375,000 oz
Slide 17: Rosebel Gold Mine, Suriname
JANUARY 2023 CORPORATE PRESENTATION Rosebel Gold Mine, Suriname 17
Slide 18: Rosebel – Overview
JANUARY 2023 CORPORATE PRESENTATION Rosebel – Overview OWNERSHIP: Rosebel Concession (RGM): 95% IAMGOLD, 5% Government of Suriname | Saramacca UJV: 70% RGM, 30% Staatsolie (66.5% IAMGOLD effective1) MINING Mine type Start-up Mine life 60 10.0 Open Pit 2004 (Saramacca 2020) ~20332 2022 Performance2,3
Slide 19: 2022 Rosebel Updated Life-of-Mine Plan (100% basis)
JANUARY 2023 CORPORATE PRESENTATION 2022 Rosebel Updated Life-of-Mine Plan (100% basis) KEY PROJECT METRICS1 LOM PLAN (12 YEARS) • Updated Mineral Reserve estimate of 109 Mt at 1.1 g/t for 3.8 million ounces contained gold (100% basis, unless otherwise stated) Rosebel Mining • Updated mine plan inco
Slide 20: Westwood Complex, Canada
JANUARY 2023 CORPORATE PRESENTATION Westwood Complex, Canada 20
Slide 21: Westwood – Overview
JANUARY 2023 CORPORATE PRESENTATION Westwood – Overview OWNERSHIP: 100% IAMGOLD MINING Mine type Start-up Mine life 1200 Underground | Satellite OP 2014 ~2033+1 800 2022 Performance2 2023 Guidance2,3 2022 Capital costs2,3 M tonnes North America 67,000 oz 90,000 – 100,000 oz $30M sustaining 400 (‘22
Slide 22: Westwood – “Hub-and-Spoke” Model
JANUARY 2023 CORPORATE PRESENTATION Westwood – “Hub-and-Spoke” Model ATTRACTIVE DISTRICT EXPLORATION POTENTIAL1 THAT COULD SUPPLEMENT EXCESS MILL CAPACITY FAYOLLE PROPERTY (OP) A B ROUYN GOLD PROJECT (UG) 100% ACQUIRED FROM MONARCH GOLD (2020) A Fayolle OPTION TO ACQUIRE 100% FROM YORBEAU RESOURCES
Slide 23: Exploration Projects
JANUARY 2023 CORPORATE PRESENTATION Exploration Projects 23
Slide 24: Bambouk District: Boto – Karita – Diakha-Siribaya
JANUARY 2023 CORPORATE PRESENTATION Bambouk District: Boto – Karita – Diakha-Siribaya STRATEGIC REVIEW • On December 20, 2022, IAMGOLD announced agreement to sell Bambouk assets to Managem (CAS:MNG) for Yatela Deposit aggregate consideration of approximately $282 million6 Operation Sadiola Boto Gold
Slide 25: Chibougamau: Emerging District
JANUARY 2023 CORPORATE PRESENTATION Chibougamau: Emerging District NELLIGAN (75% JV INTEREST) Nelligan 2022 Resource Pit Shell • Located 60 kilometres southwest of Chibougamau, Québec • Exercised option to increase undivided interest to 75% (from 51%) in December 2019 • Updated resource estimate1(on
Slide 26: Appendix
JANUARY 2023 CORPORATE PRESENTATION Appendix 26
Slide 27: Côté Gold: Updated LOM Plan Highlights
JANUARY 2023 CORPORATE PRESENTATION Côté Gold: Updated LOM Plan Highlights Côté Gold3,4 Côté Gold3,4 @ 100% @ 100% Operations Operating Costs US$ Mine Life years 18 Cash costs2 $/oz Au $699 Total Ore Tonnes Mined kt 236,000 Cash costs2 (Years 1 – 6) $/oz Au $591 Total Waste Tonnes Mined kt 568,000 A
Slide 28: Côté Gold: Project Costs
JANUARY 2023 CORPORATE PRESENTATION Côté Gold: Project Costs 43-101 PROJECT COST UPDATE1 REMAINING SPEND TO COMPLETE (as of May 1, 2022) as of May 1, 2022 as of October 1, 2022 @ 100% PROJECT COSTS (US$ million)1 43-101 IAMGOLD Procurement 343 Costs to complete attributable Remaining spend to comple
Slide 29: Côté Gold: Mining
JANUARY 2023 CORPORATE PRESENTATION Côté Gold: Mining MATERIAL MOVEMENT 80,000 OVERVIEW 70,000 Open-pit drill, blast, load and haul averaging 60 Mtpa over LOM 60,000 • Drill/Blast: Autonomous Epiroc PV-231 blasthole drills 50,000 Tonnes (000 t) • Load: CAT 6060 electric/hydraulic shovels & CAT 994K
Slide 30: Côté Gold: Processing
JANUARY 2023 CORPORATE PRESENTATION Côté Gold: Processing OVERVIEW THROUGHPUT & GRADE 37,200 tpd Crush/HPGR/Grind/Leach/CIP Processing Plant 16,000 1.60 • Average recoveries of 91.8%, recovery by gravity of 23% 14,000 1.40 • HPGR and grinding target final product size of P80 100 μm 12,000 1.20 • Cla
Slide 31: Côté Gold: Operating Costs
JANUARY 2023 CORPORATE PRESENTATION Côté Gold: Operating Costs OPERATING & UNIT COSTS OPERATING COSTS LOM $/tonne $/tonne $/oz Mining costs (gross) of $2.62/t material mined $M material processed sold Mining costs (net, excluding CWS) of $6.20/t processed ore Mining (gross costs incl. CWS)1 $2.62 •
Slide 32: Hedge Portfolio: Foreign Currency and Oil Derivatives
JANUARY 2023 CORPORATE PRESENTATION Hedge Portfolio: Foreign Currency and Oil Derivatives (as at September 30, 2022) 2022 2023 2024 Foreign Currency1 Canadian dollar contracts2 (millions of C$) 183 425 163 Rate range (USDCAD) 1.28 – 1.48 1.30 – 1.46 1.32 Hedge ratio3 60% 30% 20% Commodities4 Brent o
Slide 33: Hedge Portfolio: Gold Bullion Contracts
JANUARY 2023 CORPORATE PRESENTATION Hedge Portfolio: Gold Bullion Contracts (as at September 30, 2022) Put Call 2022 2023 2024 $/ounce 000s of ounces Zero cost collars (1) $1,704 $2,297 10 93 – Zero cost collars (2) $1,850 $1,990 – 75 – Zero cost collars (2) $1,850 $2,175 – 15 – Zero cost collars (2
Slide 34: Gold Prepayment – Illustrative Impact
JANUARY 2023 CORPORATE PRESENTATION Gold Prepayment – Illustrative Impact PREPAYMENT ARRANGEMENT STRUCTURE GOLD PREPAY RECOGNITION • Cash proceeds received up front in return for obligation to unit 2019 2022 2024 deliver ounces at a later date Illustrative gold price US$/oz $1,300 $1,800 $1,800 • Se
Slide 35: Gold Mineral Reserves – Attributable
JANUARY 2023 CORPORATE PRESENTATION Gold Mineral Reserves – Attributable As at December 31, 2021 PROVEN PROBABLE TOTAL RESERVES Effective Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces DEPOSIT Location Ownership (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) Rosebel 1
Slide 36: Gold Mineral Resources – Attributable
JANUARY 2023 CORPORATE PRESENTATION Gold Mineral Resources1,2 – Attributable (Measured & Indicated Resources are inclusive of Proven & Probable Reserves) As at December 31, 2021 MEASURED INDICATED MEASURED + INDICATED INFERRED Effective Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Ton
Slide 37: Notes to the Gold Mineral Resources Statement
JANUARY 2023 CORPORATE PRESENTATION Notes to the Gold Mineral Resources Statement 1. In mining operations, Measured Mineral Resources and Indicated Mineral Resources that are not Mineral Reserves are considered uneconomic at the price used for Mineral Reserve estimations but are deemed to have a rea
Slide 38: Notes
JANUARY 2023 CORPORATE PRESENTATION Notes 38
Slide 39: Notes
JANUARY 2023 CORPORATE PRESENTATION Notes 39
Slide 40: Graeme Jennings, VP, Investor Relations
JANUARY 2023 CORPORATE PRESENTATION Graeme Jennings, VP, Investor Relations 416-388-6883 TSX: IMG l NYSE: IAG l www.iamgold.com