Slide 1: World Gold Forum
World Gold Forum April 13-15, 2021 TSX: IMG l NYSE: IAG
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, including st
Slide 3: Technical Information and Qualified Persons
Technical Information and Qualified Persons The Mineral Resource and Reserve 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 (“QP”) responsible for the review an
Slide 4: IAMGOLD – Positioned for Profitable Growth
IAMGOLD – Positioned for Profitable Growth • Three operating mines on three continents with 2021 guidance of 630-700koz1 Diversified Operating I • Disciplined approach to realizing value – targeting a self-funding model at each operation Portfolio • Operating improvements: Essakane optimization, Sar
Slide 5: Diversified Operating Portfolio
I Diversified Operating Portfolio Diversified Operating Portfolio GLOBAL OPERATING, DEVELOPMENT AND EXPLORATION PROJECTS ATTRIBUTABLE M&I RESOURCES1 Operating Mine 34% 28% Development Project Advanced Exploration Strategic Equity Interest West Africa NORTH AMERICA North Côté Gold America 23.9 Westwo
Slide 6: Mining Regions: Key Operating Assets
I Diversified Operating Portfolio Mining Regions: Key Operating Assets ESSAKANE ROSEBEL WESTWOOD Burkina Faso Suriname Canada (90% Ownership) (95% RGM | 66.5% (100% Ownership) Saramacca1) Africa S. America N. America Stable Producer of ~400kozpa on a Long Operating History with Established Bas
Slide 7: Meaningful Production Growth
II Compelling Value & Production Growth Meaningful Production Growth FULLY FUNDED PEER-LEADING ORGANIC GROWTH PROFILE SUPPORTED BY SOLID OPERATING BASE (2021 Attributable Gold Production, koz2) 1,620 2024 +73% Target1 1,274 Achievable 1.0 –1.3 MOZ 2021 Guidance Pathway to 872 862 780 700 >1Moz 675 6
Slide 8: Building Long Term Value
II Compelling Value & Production Growth Building Long Term Value Generating Near-term Investing in Mine-Site Project Long-term FCF1 Growth Pipeline (US$M) $223.2 • Construction commenced in September 2020 NELLIGAN (75% JV) 3.2 MOZ3 +280% • 73% project engineering QC, CANADA 1.0 G/T CANADA complete a
Slide 9: Industry Leading R&R Growth
II Compelling Value & Production Growth Industry Leading R&R Growth INDUSTRY RESERVES INDUSTRY M&I RESOURCES 17.9Moz 16.7Moz 27.9Moz IAMGOLD P&P Reserves IAMGOLD M&I Resources 27.2Moz 14.5Moz 13.9Moz 24.7Moz 11.3Moz 23.9Moz 23.4Moz 23.5Moz 23.3Moz +12% Growth in 10.1Moz +79% Growth in 22.6Moz 8.6Moz
Slide 10: Côté Gold – Potential Global Tier I Gold Asset
II Compelling Value & Production Growth Côté Gold – Potential Global Tier I Gold Asset Ontario, Canada (64.75% ownership1) Tier I Asset Criteria* I Mine Life >10 Years I 18+ Year Mine Life based on 7.3Moz2 of P&P with district potential II Annual Production >500,000 ounces II 493,000 ounces / year
Slide 11: Côté Project Timeline – Key Milestones
II Compelling Value & Production Growth Côté Project Timeline – Key Milestones EXECUTION PLAN • Construction commenced at Côté in early September following ground-breaking ceremony with a 32 month schedule • Fish salvage, construction camp preparation and road access development • Activities advance
Slide 12: Côté Gold – Sensitivity to Gold Price
II Compelling Value & Production Growth Côté Gold – Sensitivity to Gold Price SIGNIFICANT LEVERAGE TO THE GOLD PRICE After-Tax Net Present Value (NPV5%) – 100% Basis1 After-Tax Internal Rate of Return (IRR) – 100% Basis1 (US$Bn) (%) Spot Gold2 Spot Gold2 $2.8 27.6% Base 25.9% $2.5 Case 24.2% $2.3 22
Slide 13: Compelling Value Proposition
II Compelling Value & Production Growth Compelling Value Proposition ATTRACTIVE UPSIDE RELATIVE TO MID-TIER PRODUCER PEER GROUP Financial Metrics1 Mineral Reserves & Net Asset Value2 PRICE / 2021E OPERATING CASH FLOW (P/CF, x) ENTERPRISE VALUE / P&P RESERVES P&P Reserves (Moz)2 (US$/oz) 10.4x 6.3 9.
Slide 14: Côté Development: Fully Funded with Existing Liquidity
III Strong Financial Position Côté Development: Fully Funded with Existing Liquidity ~$1.5 B2 EXPECTED FREE CASH FLOW Total Liquidity FROM EXISTING OPERATIONS $500 M $450 M Credit AT DECEMBER 31, 2020 Facility OCT. 15, 2028 5.75% Côté Gold MATURITY DATE COUPON RATE $948 M Fully Funded Cash & Equival
Slide 15: Environmental, Social and Governance (ESG)
IV Culture of Accountable Mining Environmental, Social and Governance (ESG) IAMGOLD supporting local beekeepers in • Respecting the natural environment Recent Antioquia Municipality (Colombia) • Building strong community partnerships Highlights * In place since 2007 • Putting the health and safety o
Slide 16: COVID-19 Update
IV Culture of Accountable Mining COVID-19 Update 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. • COVID-19 in Q4 2020: Health & Safety Protocols Embed
Slide 17: Focus on Safety: Outperformed Target Levels in 2020
IV Culture of Accountable Mining Focus on Safety: Outperformed Target Levels in 2020 DART & TRI RATES IMPROVED BY 10% AND 23% YOY, RESPECTIVELY DART1: 2020 TARGET – 0.57 2.40 TRI1: 2020 TARGET – 0.94 1.98 1.81* 1.76* 1.53* 1.56 1.44* 1.44 1.18 1.13 1.06 1.06 1.00 0.87 0.93 0.85 0.67 0.68 0.66 0.53 0
Slide 18: Ensuring a Robust Pipeline
V Robust Pipeline of Projects Ensuring a Robust Pipeline FUTURE PRODUCTION AND GROWTH OPPORTUNITIES GROWTH OPPORTUNITIES • Gosselin (Côté), Ontario • Diakha-Siribaya, Mali • Karita, Guinea • Monster Lake, Quebec Saramacca, Suriname Mill Optimization, Burkina Faso Côté Gold Project, Ontario • Fayolle
Slide 19: Robust Exploration Pipeline
V Robust Pipeline of Projects Robust Exploration Pipeline West Africa North America South America Fala/Fala E Grand Duc Saramacca >5 Moz Au Production >2 Moz Au <2 Moz Au Côté Construction Brownfield Advanced Greenfield Greenfield Boto Fayolle Feasibility Study Diakha-Siribaya Monster Lake Saõ Sebas
Slide 20: Upcoming Catalysts
Upcoming Catalysts 2021 KEY MILESTONES* o Rosebel – Return to Full Mining Rates; Completion of Saramacca Construction o Essakane – Completion of Mill Optimization Project o Growth Projects – Advancing: o Côté – Major Earthworks, Expansion of Construction Camp o Boto – Access Road & other Project Inf
Slide 21: Operations
Operations Photo: Wärtsilä 21
Slide 22: Rosebel Gold Mine, Suriname
Rosebel Gold Mine, Suriname 22
Slide 23: Rosebel – Long Operating History with Attractive District Upside
Rosebel – Long Operating History with Attractive District Upside OVERVIEW KEY NOTES Brokopondo district in north-eastern Suriname Ownership • Gross Rosebel Concession: 95% IAMGOLD, 5% Government of Saramacca Satellite Deposit Suriname First ore delivered October 31, 2019 • Saramacca UJV: 70% IAMGO
Slide 24: Saramacca Update
Saramacca Update TIRE SHOP WASH BAY ADMIN OFFICE TRUCK SHOP FUEL STATION WATER TANK GENSET COMPLETED 23 KM HAUL ROAD / BRIDGE (ZERO LOST TIME INCIDENTS OVER MORE THAN 700,000 WORK HOURS) BELOW: TRUCK SHOP RIGHT: GENSET ABOVE: TIRE SHOP 24
Slide 25: Essakane Gold Mine, Burkina Faso
Essakane Gold Mine, Burkina Faso 25
Slide 26: Essakane – Stable Producer of ~400kozpa on a 100% basis
Essakane – Stable Producer of ~400kozpa on a 100% basis OVERVIEW KEY NOTES North-eastern Burkina Faso, West Africa Ownership • 90% IAMGOLD, 10% Government of Burkina Faso CIL (carbon-in-leach) Debottlenecking Mining • Conventional drill, blast, load and • Improve throughput and gravity NIGER Method
Slide 27: CIL/HL Feasibility Study Highlights
CIL/HL Feasibility Study Highlights HIGHLIGHTS1 KEY NOTES Mine Life 2031 CIL Optimization Study Mining Capacity 55.0 Mtpa • FS supported increasing mill throughput to 11.7Mtpa (hard rock) from 10.8Mtpa CIL Milling Capacity 11.7 Mtpa • Minimal capital outlay of $9 million with commissioning targeted
Slide 28: Westwood Gold Mine, Canada
Westwood Gold Mine, Canada 28
Slide 29: Westwood – Established Base in the Prolific Abitibi Gold Camp
Westwood – Established Base in the Prolific Abitibi Gold Camp OVERVIEW KEY NOTES Northwestern Québec, Canada Ownership • 100% IAMGOLD Current Status Mining • Underground • Assessing business continuity CANADA Method Production • Began commercial production in following seismic event in the west USA
Slide 30: Westwood – “Hub-and-Spoke” Model
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 IN JUNE 2020 A Fayolle OPTION TO ACQUIRE 100% FROM YORBEAU RESOURCES Property • ~35 km northeast of
Slide 31: Construction Review
Construction Review id COTEGOLD 3 IAMGOLD
Slide 32: Transformational Value in Canada
Transformational Value in Canada CÔTÉ GOLD – HIGHLIGHTS • NPV5% of $2.5B and IRR of 25.9% at US$1,900 / oz gold1,2 • NPV5% of $1.1B and IRR of 15.3% at US$1,350 / oz gold1,2 ONTARIO QUÉBEC • Annual gold production 469 koz at $693 / oz AISC, first 6 years2 • 18+ year potential mine life2 Kapuskasing
Slide 33: Côté Gold: Key Project Metrics
Côté Gold: Key Project Metrics C$ 10B* C$ 5B* In estimated economic activity during In wages forecast through direct PROJECT HIGHLIGHTS: GO-FORWARD UPDATE1,2 the mine’s operations and indirect job creation (100% basis, average LOM) Mine Life 18 years Open Pit Mining 70 Mtpa Mill Capacity 13.1 Mtpa (
Slide 34: Construction Progress
Construction Progress PROCESSING PLANT EARTHWORKS ABOVE: CONSTRUCTION CAMP CONSTRUCTION EQUIPMENT Picture Tbd WOOD EARTHWORKS LAYDOWN ARCTIC CORRIDOR INSTALLATION 34
Slide 35: Development and Exploration Projects
Development and Exploration Projects 35
Slide 36: Exploration Potential at Côté: Gosselin Zone
Exploration Potential at Côté: Gosselin Zone Ontario, Canada (64.75% ownership1) EXPLORATION TARGET POTENTIAL*: 3-5 MOZ GRADING 0.7-1.2 G/T (TARGETING MAIDEN RESOURCE IN H2 2021) 2021 OUTLOOK • Greenfield exploration budget of $2.8 million • ~17,000 metres of planned diamond drilling, including 14,5
Slide 37: Boto Gold – High Margin Investment in Prospective District
Boto Gold – High Margin Investment in Prospective District OVERVIEW RESERVE AND RESOURCE1 OPTIMIZATION STUDY HIGHLIGHTS1 (100% Basis) (100% Basis) Location • Senegal, West Africa Tonnes Grade Cont. Au Mine Capacity: Mining: open pit (000) (g/t) (000) 38 Mtpa Ownership • 90% IAMGOLD / 10% Gov’t of Se
Slide 38: Bambouk District: Boto – Karita – Diakha-Siribaya
Bambouk District: Boto – Karita – Diakha-Siribaya BOTO GOLD, SENEGAL Gold Price After-tax NPV6%1 After-tax IRR1 Yatela Deposit Operation (US$/oz) (US$M) (%) 1.6Moz RESERVES • Received exploitation permit for an initial $2,000 $732 55% period of 20 years Sadiola $1,900 $652 50% 2.0Moz • De-risking de
Slide 39: Chibougamau: Emerging Prospective District in Quebec, Canada
Chibougamau: Emerging Prospective District in Quebec, Canada NELLIGAN (75% JV INTEREST) • 15 kilometres south of Monster Lake • Exercised option to increase undivided interest to 75% (from 51%), following completion of NI 43-101 Technical Report • Completed initial resource estimate1, comprising app
Slide 40: Exploration Around the World
Exploration Around the World IP Survey – Saramacca Suriname Drill Barge at Gosselin, Ontario RC Drilling – Diakha Mali Geological Field Visit Peru Visible Gold in core Rouyn Gold Project, Quebec
Slide 41: IAMGOLD – Positioned for Profitable Growth
IAMGOLD – Positioned for Profitable Growth Diversified Operating Compelling Value & I Portfolio II Production Growth Robust Pipeline Strong Strong Financial V of Projects ESG III practices Position Culture of IV Accountable Mining 41
Slide 42: Appendix
Appendix # IAMGOLD 42
Slide 43: 2021 Outlook
2021 Outlook1 PRODUCTION & COST GUIDANCE CAPITAL EXPENDITURE GUIDANCE Non- (000s oz) 2021 GUIDANCE1 ($ millions) Sustaining1 Sustaining2 Total3 Essakane (90%) 365 – 390 Essakane $60 $90 $150 Rosebel (95%) 220 – 245 Rosebel $50 $75 $125 Westwood (100%) 45 – 65 Westwood $10 $10 $20 Total Attributable
Slide 44: Reducing Input Exposure Through Hedging
Reducing Input Exposure Through Hedging 2021 2022 2023 2024 Foreign Currency1 Canadian dollar contracts (millions of C$) 252 210 185 Rate range2 ($/C$) 1.30 – 1.47 1.30 – 1.48 1.30 – 1.46 Hedge ratio 34% 27% 39% Commodities1,3,4 Brent oil contracts (barrels) 588 520 428 270 Contract price range ($/b
Slide 45: 2020 Full Year Operating Results
2020 Full Year Operating Results IAMGOLD ACHIEVED THE MID-POINT OF 2020 PRODUCTION GUIDANCE1 2020 2020 (000s ounces, attributable) Q1/20 Q2/20 Q3/20 Q4/20 ACTUAL GUIDANCE Essakane (90%) 84 83 94 103 364 350 – 370 Rosebel (95%) 64 52 42 52 210 210 – 230 Westwood (100%) 22 20 23 14 79 70 – 80 TOTAL PR
Slide 46: Historical Mine Operating & Performance Metrics
Historical Mine Operating & Performance Metrics 100% Basis, unless otherwise stated ESSAKANE ROSEBEL WESTWOOD Mine Operating Statistics unit 2018 2019 2020 2018 2019 2020 2018 2019 2020 Ore Mined – Open Pit Mt 13.9 17.7 15.8 16.1 12.3 7.0 -- -- 0.6 Ore Mined – Underground Mt -- -- -- -- -- -- 0.6 0.
Slide 47: COVID-19 Measures Across Operations in 2020
COVID-19 Measures Across Operations in 2020 Essakane, Burkina Faso Rosebel, Suriname Westwood, Canada Left: Bus pick up Left: Successful first point incorporates attempt to bring workers social distancing underground under new and reduced protocol, including numbers in each maintaining personal shut
Slide 48: 2020 Attributable Reserves & Resources
2020 Attributable Reserves & Resources R&R REFLECTS SALE OF SADIOLA, WESTWOOD UPDATE IN MID-2020, AND MINE DEPLETION As at December 31, 2020 (000s ounces) 2020 %▲ 2019 Proven and Probable Mineral Reserves 1 13,937 (17%) 16,706 Measured and Indicated Mineral Resources 2,3 23,910 (12%) 27,164 Inferred
Slide 49: Gold Mineral Reserves – 100% Basis
Gold Mineral Reserves – 100% Basis As at December 31, 2020 PROVEN PROBABLE TOTAL RESERVES Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces DEPOSIT Type* Location (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) Rosebel 1 OP Suriname 25,355 0.6 504 88,439 1.0 2,852 113,794
Slide 50: Gold Mineral Reserves – Attributable
Gold Mineral Reserves – Attributable As at December 31, 2020 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 95% Suriname 24,087 0.6 479 84,017
Slide 51: Gold Mineral Resources – 100% Basis
Gold Mineral Resources1,2 – 100% Basis (Measured & Indicated Resources are inclusive of Proven & Probable Reserves) As at December 31, 2020 MEASURED INDICATED MEASURED + INDICATED INFERRED Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces DEPOSIT Type* Location (000’s)
Slide 52: Gold Mineral Resources – Attributable
Gold Mineral Resources1,2 – Attributable (Measured & Indicated Resources are inclusive of Proven & Probable Reserves) As at December 31, 2020 MEASURED INDICATED MEASURED + INDICATED INFERRED Effective Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces DEPOSIT Location Ow
Slide 53: Notes to the Gold Mineral Resources Statement
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 reasonable prospect of economic extracti
Slide 54: Indi Gopinathan, VP, Investor Relations & Corporate Communications
Indi Gopinathan, VP, Investor Relations & Corporate Communications 416-388-6883 Philip Rabenok, Senior Analyst, Investor Relations 647-967-9942