Iamgold Corporation · TSX:IMG
Iamgold — 9th International Gold Symposium, Lima, May 2010
24 slides from Iamgold's conference presentation, May 2010
Slide 1: Mathieu Gignac, Operations Manager, RGM N.V.
Mathieu Gignac Operations Manager, RGM N.V. 9th INTERNATIONAL GOLD SYMPOSIUM / LIMA, MAY 2010
Slide 2: Cautionary Statement
2 Cautionary Statement This presentation contains forward-looking statements. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements re
Slide 3: Rosebel Gold Mines N.V. within IAMGOLD
Rosebel Gold Mines N.V. within IAMGOLD
Slide 4: IAMGOLD - Strategy
4 IAMGOLD - Strategy Focus on delivering superior stakeholder returns Grow Gold Production & Reserves • Successful development of existing projects • Aggressive exploration for organic growth • Accretive acquisitions Reduce Costs • Operations & development project optimization IAMGOLD Profile •1
Slide 5: IAMGOLD - Operations
5 IAMGOLD ‐ Operations FOCUS DISCIPLINE RESULTS Three Focus Areas: West Africa, Guiana Shield and Quebec ROSEBEL SURINAME DOYON QUEBEC 2009: 392,000 oz 2009: 109,000 oz MUPANE BOTSWANA NIOBEC QUEBEC NIOBEC 2009: 51,000 oz 2009: 4.1 million kg DOYON DIVISION YATELA SADIOLA MALI YATELA MALI ROSEBEL 20
Slide 6: Solid Project Pipeline
Solid Project Pipeline 6 Three Focus Areas: West Africa, Guiana Shield and Quebec Essakane, Burkina Faso COMMENCING PRODUCTION Westwood, Canada CONSTRUCTION Sadiola Deeps, Mali FEASIBILITY Quimsacocha, Ecuador Brownfields EXPLORATION Greenfields
Slide 7: Rosebel Gold Mines NV (RGM) - Location
7 Rosebel Gold Mines NV, (RGM) - Location
Slide 8: RGM - Exploitation Concession
8 RGM - Exploitation Concession
Slide 9: Rosebel Gold Mines N.V. Expansion
Rosebel Gold Mines N.V. Expansion
Slide 10: RGM – Status at 2007-2008
10 RGM – Status at 2007- 2008 Overview Maturing Mine at 3.5 yrs into operation. Faced with: – Increasing Rock Hardness – Lower Throughput – Decreasing Head Grade – Increasing Costs per ounce forecast Opportunities: – IMG’s strong financial position – Tremendous potential to increase Reserves a
Slide 11: RGM – Expansion Strategy
11 RGM – Expansion Strategy Approach Increased production capacity through Expansion Process Optimization through Continuous Improvement – Lean Six Sigma Discontinuous Improvement through Breakthrough Management and Employee Involvement in “Ounce by Ounce Sessions”
Slide 12: RGM – 2009 Expansion Total Capital Investment of 83M$
12 RGM – 2009 Expansion 2009 Phase III Expansion Mill Feeder – Additional hard rock feeder, increased live hard rock capacity. Ball Mill 2 / Pebble Circuit – Increased capacity and efficiency Gravity – Cone banks and Knelson concentrator increased flexibility Leach / CIL – Increased retentio
Slide 13: RGM – Mine Expansion and Optimization
13 RGM – Mine Expansion and Optimization Results Achieved expanded capacity with – 42 – Cat 777 B,D and F – 7 – Cat 5130 – 2 – 993K FEL – 11 – D9 dozers – 10 – Sandvik drills Record production of 53.4 million tonnes mined in 2009. Currently mining at a rate of 56 mtpa. Decreased unit mining co
Slide 14: RGM – Mill Expansion and Optimization
14 RGM – Mill Expansion and Optimization Results Optimization Initiatives in 2008 resulted in production increase from 21k to 24k tpd (8.2 Mtpa). Expansion program increased from 24k tpd to 32k tpd in 2009. Process improvement initiatives to continue. Short-term objective is to continue to exc
Slide 15: Tendency – Zero Harm
15 Tendency – Zero Harm Total Accident Frequency 3.0 Total Accident Frequency (#accidents/200khrs) 2.5 2.0 1.5 1.0 0.5 0.0 2006 2007 2008 2009 2010 Actual
Slide 16: Tendency and 2010 Guidance – Ounces
16 Tendency and 2010 Guidance – Ounces 100% production basis 450 400 Ounces Produced ('000) 350 300 250 200 2004 2005 2006 2007 2008 2009 2010 Guidance
Slide 17: Tendency – Costs
17 Tendency – Costs Cash Costs – Before Royalties 400 350 Cost (USD/oz) 300 250 200 150 2005 2006 2007 2008 2009
Slide 18: Tendency – Reserves
18 Tendency – Reserves Cumulative Production and Reserves 8,000 90 7,202 7,000 80 6,000 70 5,446 5,094 Meters Drilled (‘000m) 5,000 4,799 4,682 60 3,716 Ounces ('000 oz) 3,873 50 4,000 3,403 3,817 3,000 2,761 3,212 40 2,401 2,000 2,459 2,108 30 2,382 1,730 1,000 1,279 20 982 661 0 302 19 2004 2005 2
Slide 19: RGM – Current Status
19 RGM – Current Status Overview Expanded capacity achieved in 2009. Target for production to consistently exceed nameplate capacity. RGM represents more than 40% of IMG’s production Four open pits in production from a total of 8 deposits 1460 employees (1350 Suriname, 35 Guyana, 75 Other
Slide 20: Rosebel Gold Mines N.V. Going Forward
Rosebel Gold Mines N.V. Going Forward
Slide 21: RGM – Reserves Development and Expansion
21 RGM – Reserves Development and Expansion The average discovery cost between 2004 and 2009 was 10 US$/ounce into Reserve. 86,000 m of diamond drilling in 2009 2009 was the best year ever for reserve renewal and resource addition since exploration initiation with a net gain in reserves of 1.4
Slide 22: Exploration - Rosebel District 2010
22 Exploration - Rosebel District 2010 Complete the first pass evaluation with DDH on the priority targets identified in 2009 in the Rosebel camp: • Kraboe Doin • Komboe • Triangle • Blauwe Tent & others
Slide 23: RGM – in Conclusion
23 RGM – in Conclusion The 2009 RGM Expansion was a success and perfect example of organic growth. RGM continues to see strong opportunity to grow the Reserve base. Currently reviewing our Strategic Development Plan towards a potential further expansion/optimization of RGM operations IMG and
Slide 24: Thank You / Gracias por su atención
24 THANK YOU GRACIAS POR SU ATENCION
IAMGOLD — 9th International Gold Symposium, Lima, May 2010 on 6ix