Iamgold Corporation · TSX:IMG

Iamgold — BMO 2011 Global Metals & Mining Conference

39 slides from Iamgold's conference presentation, Feb 28, 2011

  1. Slide 1: BMO 2011 Global Metals & Mining Conference

    BMO 2011 GLOBAL METALS & MINING CONFERENCE February 28, 2011 Steve Letwin President & Chief Executive Officer 1

  2. Slide 2: Cautionary Statement

    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 rega

  3. Slide 3: Zero Harm

    Zero Harm IAMGOLD’s Health, Safety and Sustainability performance ranks 3rd in top 60 Canadian companies HEALTH & SUSTAINABILITY SAFETY Framework Framework Leadership Leadership Accountability Governance Stakeholder People Engagement Risk Performance Management Social Processes Stewardship Environme

  4. Slide 4: Corporate Overview

    Corporate Overview IAMGOLD’s growth is strategically focused in West Africa, select countries in South America and in the Canadian province of Québec  8 Gold mines  1 Niobium mine  Westwood Development project  20+ Exploration projects  Commitment to growth 4

  5. Slide 5: Solid Financial Position

    Solid Financial Position Financial Position Millions $ Dec. 31, Dec. 31, millions $ 2010 2009 $800 $761 Cash & Cash $700 270.8 191.4 Equivalents $613 $593 $600 $578 350 Gold Bullion at 140.5 108.7 $500 Market 332 $400 350 350 Unused Credit 350.0 122.6 Facility $300 $200 411 Subsequent events in Febr

  6. Slide 6: Competitive Advantages

    Competitive Advantages  Superb senior leadership  Proven operational expertise  Strong balance sheet  Base of world-class mines  Experienced in key regions with good growth potential  Technically strong and mobile workforce 66

  7. Slide 7: Strategic Focus

    Strategic Focus BROWNFIELDS GREENFIELDS OPPORTUNITIES OPPORTUNITIES ESSAKANE (90%), EXPLORATION AT MINES WE OPERATE ROSEBEL (95%) & & FUTURE WESTWOOD (100%) ACQUISITIONS TARKWA & NIOBEC (100%) DAMANG (18.9%) SADIOLA (41%) NIOBIUM MINE & YATELA (40%) WORKING INTERESTS IN GHANA JOINT VENTURES IN MALI

  8. Slide 8: Focus on Growth

    Focus on Growth GROWTH Rosebel Essakane Westwood

  9. Slide 9: Rosebel Suriname

    Rosebel SURINAME IMG Ownership: 95% AttributableReserves & Resources (oz) P&P Reserves1 5,892,000 M&I Resources2 7,531,000 Inferred Resources 609,000 Attributable production (oz) Attributable Gold Production 000’s ozs 2010 395,000 2009 392,000 400 392 395 Cash Cost ($/oz) 300 315 263 2010 $484 200 2

  10. Slide 10: Rosebel Exploration

    Rosebel Exploration Guya a Guiana Colombia PARAMARIBO Ecuador Brazil Peru PARANAM Saramacca Bolivia River 0 1000 km ZANDERIJ Suriname AIRPORT River Char magne KWAKUGRON Thunder Triangle Koolhoven Pay Caro & Mountain Rosebel E. Pay Caro Rosebel BROKOPONDO Headley's Reef 18 km Hydroelectric Mayo Roma

  11. Slide 11: Essakane Burkina Faso

    Essakane BURKINA FASO IMG Ownership: 90% Attributable Reserves & Resources (oz) P&P Reserves1 4,015,000 M&I Resources2 4,351,000 Inferred Resources 1,503,000 Attributable production (oz)  Commercial production achieved 2010 122,000 LOM annual production (E) 315,000 July 16, 2010 Cash Cost ($/oz) 

  12. Slide 12: Essakane Exploration

    Essakane Exploration EMZ north extension EMZ East Dump Au≥ 117 ppb (in soils) West Dump Lay down Offices Air Strip Falagountou TSF EMZ South extension 12

  13. Slide 13: Essakane Expansion

    Essakane Expansion Decision announced on Oct. 20, 2010 to launch feasibility study to expand mine CURRENT PLAN WITH EXPANSION1 Processing Processing First 3 years: soft rock at 9Mtpa First 3 years: soft rock at 9Mtpa Subsequent 9 years: hard rock at 5.4Mtpa Subsequent 9 years: hard rock at 10.8Mtpa

  14. Slide 14: Westwood Canada

    Westwood CANADA Westwood, Quebec, Canada IMG Ownership 100% Indicated Resources1 (oz) 269,000 Inferred Resources1 (oz) 3,467,000 Estimated Annual Production 186,000 (oz) Estimated Cash Cost ($/oz) $358 Projected Start-up Early 2013 Estimated Mine Life (years) 16 Resources > 15g/t Au Resources 6-15g/

  15. Slide 15: Niobec: Long Life, High Margin Producer

    Niobec: Long Life, High Margin Producer $/kg Niobec Consistent Operating Results Mkg  Has approximately 9% of the $40 1.6 world ferroniobium market $35 22 19 18 20 19 19 19 17 1.4  Excellent history of mineral $30 1.2 1.2 1.1 1.1 1.2 reserve renewal over 30 years of $25 1.0 1.0 1.0 1.0 operation 0

  16. Slide 16: Niobec: Plan View

    Niobec: Plan View GROWTH POTENTIAL Niobium ore body Rare earth elements Existing block model and shaft 16

  17. Slide 17: 2011 Exploration Outlook

    2011 Exploration Outlook 2011 greenfields budget: $43.5M ƒ 118,000 m drilling ƒ 46,425 m AC drilling at Essakane Essakane ƒ New drill targets and potential expansion of Essakane’s reserves & resources ƒ High priority target identifed south of Falagountou deposit Rosebel Regional ƒ Extensive explorat

  18. Slide 18: Mali – Kalana JV

    Mali – Kalana JV 2011 Budget - $7.9 million  387 km2 Mining Permit expires 2033 GUINEA  Avnel - IMG Option Agreement MALI signed August 2009 Kalanako  IAMGOLD can earn a 51% interest in Avnel’s Dadjan share of SOMIKA (80%); Malian Government High priority Kalana 60km² (20%)  $11M expenditure in

  19. Slide 19: Mali – Siribaya JV

    Mali – Siribaya JV 2011 Budget – C$3.0+ million Senegal  563 km2 land package  Maiden Resource Guemedji Trend  Indicated: 308Koz at 2.39 g/t Au Mali Boto  Inferred: 70Koz at 2.29 g/t Au (100% IMG) SiribayaTrend  Merrex - IMG Option Agreement Zone 1B Resource Area signed December 2008 Siribaya 

  20. Slide 20: Senegal – Daorala-Boto & Bambadji

    Senegal – Daorala-Boto & Bambadji Sabodala – 2 Moz Loulo – 6 Moz 315 km² in World-Class District DAORALA Yalea – 2.4 Moz Daorala-Boto: 100% IAMGOLD Massawa – 4.5 Moz Tabakoto – 2.8 Moz Gounkoto – 2.65 Moz  Boto located 25 km from Siribaya BAMBADJI JV  Established non-compliant mineral inventory Se

  21. Slide 21: BMO 2011 Global Metals & Mining

    BMO 2011 GLOBAL METALS & MINING Contact: Bob Tait, VP Investor Relations 401 Bay Street, Suite 3200 Toronto, ON M5H 2Y4 Canada T: 416 360 4743 C: 647 403 5520 E: info@iamgold.com 21

  22. Slide 22: Appendix

    # IAMGOLD’ CORPORATION APPENDIX

  23. Slide 23: Planned Capital Expenditures

    Planned Capital Expenditures millions $ 400 350 25 300 54 250 191 132 200 92 150 23 38 100 139 146 98 13 50 95 20 13 39 5 16 22 4 15 0 Essakane Westwood Sadiola Rosebel Niobec Mupane Other 2011 2012 2013 23

  24. Slide 24: 2011 Capital Expenditures

    2011 Capital Expenditures Westwood - $146M  Deepening shaft  Developing drift levels for future mining 2011 Planned Capital Expenditures of Essakane - $139M $460M  Exapnsion construction to start in Q4’11 (in millions $) based on favourable outcome to expansion feasibility study $146 Rosebel - $9

  25. Slide 25: Production Gold Profile

    Production Gold Profile 3-Year Production Profile of IAMGOLD-Operated Mines 000s ounces 1,000 900 800 380-400 700 370-390 600 310-330 Essakane 122 Rosebel 500 Westwood 400 360-380 Mouska Mupane 300 395 360-380 395-410 200 130-150 100 33 25-30 57 55-60 30-35 40-45 15-25 0 2010 Actual 2011 Forecast 20

  26. Slide 26: 2011 Guidance

    2011 Guidance 2010 Actual 2011 Guidance Gold Production (000 oz) 967 1,100-1,200 Cash Costs (US$/oz) 574 565-595 Niobium Production (Mkg) 4.4 4.5-5.0 Niobium Operating Margin (US$/kg) 18 15-17 26

  27. Slide 27: IAMGOLD's Mining Interests

    IAMGOLD’s Mining Interests 2009 2010 Actual 2010 Gold Geographic IAMGOLD Operator Production Production Cash cost1 Mines Location Ownership (000oz) (000oz) ($/oz) Rosebel IAMGOLD Suriname 95% 392 395 484 Essakane IAMGOLD Burkina Faso 90% - 122 429 Mupane IAMGOLD Botswana 100% 51 57 941 Doyon Div. IA

  28. Slide 28: Reserves & Resources Growth

    Reserves & Resources Growth Continued Reserves & Resources Growth Moz Moz Moz Attributable Proven and Attributable Measured & Attributable Probable Reserves 1 22 22 Indicated Resources 9 Inferred Resources 1.6 Moz 20 20 +8% 8 18 18 7 16 1.9 Moz 16 +13% 14 14 6 12 12 5 21.4 8.9 10 10 19.8 4 8.0 8 16.

  29. Slide 29: Sadiola Mali

    Sadiola MALI IMG Ownership: 41% JV Partner: AngloGold Ashanti (41%) Attributable Reserves & Resources (oz) P&P Reserves1 2,297,000 M&I Resources2 3,481,000 Inferred Resources 991,000 Attributable Production (oz)  ‘Back to Basics’ safety initiative 2010 118,000  Promising results from $15M 2009 135

  30. Slide 30: Sadiola Sulphide Project

    Sadiola Sulphide Project  Soft ore mining from current pits scheduled to end in 2016  IMG-driven Prefeasibility Study approved Oct. 2009  Different ‘vision’ than prior studies: owner mining, simpler processing, power from grid, higher gold price  Finish Joint Feasibility Study  Negotiations for

  31. Slide 31: Sadiola Sulphide Project

    Sadiola Sulphide Project  Resource definition drilling campaign (7,850m)  Condemnation drilling campaign (2,900m RC)  Inferred resources converted to measured and indicated  New hard rock plant required to complement existing facility:  Flexible plant arrangement based on ore feed  Test work c

  32. Slide 32: Yatela Mali

    Yatela MALI IMG Ownership: 40% JV Partner: AngloGold Ashanti (40%) Attributable Reserves & Resources (oz) P&P Reserves1 78,000 M&I Resources2 129,000 Inferred Resources 49,000 Attributable Production (oz) 2010 60,000  Drilling extended mine life to at least 2011 2009 89,000  Exploring Yatela, Alam

  33. Slide 33: Tarkwa Ghana

    Tarkwa GHANA IMG Ownership: 18.9% JV Partner: Gold Fields Ltd. (71.1%) Reserves & Resources (oz) P&P Reserves1 1,863,000 M&I Resources2 2,409,000 Inferred Resources 486,000 Attributable Production (oz) 2010 139,000  Long life open pit mine 2009 125,000  New tailings storage facility added Cash Cos

  34. Slide 34: Damang Ghana

    Damang GHANA IMG Ownership: 18.9% JV Partner: Gold Fields Ltd. (71.1%) Reserves & Resources (oz) P&P Reserves1 401,000 M&I Resources2 632,000 Inferred Resources 260,000 Attributable Production (oz) 2010 43,000 2009 38,000 Cash Cost ($/oz)  Aggressive exploration extended mine life to at least 2020

  35. Slide 35: Mupane Botswana

    Mupane BOTSWANA IMG Ownership: 100% Attributable Reserves & Resources (oz) P&P Reserves1 130,000 M&I Resources2 238,000 Inferred Resources 77,000 Attributable Production (oz) 2010 57,000 2009 51,000  Working with local management to maximize cash flows going forward Cash Cost ($/oz)  Benefit from

  36. Slide 36: Mouska Canada

    Mouska CANADA IMG Ownership: 100% Reserves & Resources (oz) P&P Reserves1 73,000 M&I Resources2 272,000 Inferred Resources 529,000 Attributable Production (oz) 2010 33,000 2009 109,000  Began processing stock-piled ore in September ’10 Cash Cost ($/oz)  Paste backfill from Doyon paste plant 2010 $

  37. Slide 37: Acquisitions

    Acquistions Primary focus on known regions including West Africa, South America and Canada:  Regional Continuity  Social & Fiscal Stability  Long-Term Prospectivity & Opportunities Target: 150,000+ ounces of gold per year, 2Moz+ reserves 37

  38. Slide 38: Senior Management Team

    Senior Management Team STEVE LETWIN GORDON STOTHART CAROL BANDUCCI LARRY PHILLIPS President & CEO EVP & COO EVP & CFO EVP, Corporate Affairs MIKE DONNELLY PAUL OLMSTED JEFF SNOW LISA ZANGARI SVP, Exploration SVP, Corp.Development SVP, General Counsel & SVP, Human Resources Corporate Secretary 38

  39. Slide 39: Contact: Bob Tait, VP Investor Relations

    Contact: Bob Tait, VP Investor Relations 401 Bay Street, Suite 3200 Toronto, ON M5H 2Y4 Canada T: 416 360 4743 C: 647 403 5520 E: info@iamgold.com 39

IAMGOLD — BMO 2011 Global Metals & Mining Conference on 6ix