Iamgold Corporation · TSX:IMG

Iamgold — BMO Capital Markets 24th Global Metals & Mining Conference (February 2015)

30 slides from Iamgold's conference presentation, Feb 25, 2015

  1. Slide 1: IAMGOLD Investor Presentation

    IAMGOLD Investor Presentation Q1 2015 TSX: IMG NYSE: IAG

  2. Slide 2: Cautionary Statement on Forward-Looking Information

    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 future performance, other than state

  3. Slide 3: IAMGOLD’s Gold Assets – Global

    IAMGOLD’s Gold Assets – Global Four Operating Gold Mines: 2015 Production Guidance 820k – 860k oz. 3

  4. Slide 4: Met / Exceeded 2014 Operating Targets

    Met / Exceeded 2014 Operating Targets Produced 844,000 ounces of gold, within guidance Reduced all-in sustaining costs quarter-over-quarter › Q4’14 AISC1,2 – gold mines3 were $209/oz. lower than Q4’13  Full-year AISC of $1,101/oz., $49/oz. better than guidance 1 This is a non-GAAP measure. Refer

  5. Slide 5: Cost Reductions Continued Through 2014

    Cost Reductions Continued Through 2014 Gold Operations1 Cost Reductions 90 $85M $59M 80 25 11 13 70 Essakane Westwood 60 1 50 $M Rosebel 40 35 $62M 30 59 20  Includes sustainable savings 10 from 2013  Corporate restructuring in 2014 0 2014  2014 initiatives to improve Gold Operations Total 1 Corp

  6. Slide 6: Disciplined Capital Allocation

    Disciplined Capital Allocation 800 2015 CAPEX guidance down 29% from 2014 700 $669M 600 500 51% Guidance was $360M Development / $M 400 Expansion Sustaining 300 29% $325M $230M* 200 100 0 2013 2014 E 2015 Guidance * +/- 10% 6

  7. Slide 7: Focused on Operational Excellence in 2014

    Focused on Operational Excellence in 2014 Essakane Mine – 33% growth in production to 325k oz. Westwood – ramping up commercial production with 70k in first 6 mos Rosebel – Steady grade improvement in H2 drives production to 325k oz. 7

  8. Slide 8: Maintaining Strong Liquidity

    Maintaining Strong Liquidity $1,371 50 500 $millions $821 Proceeds from flow through shares 1 162 Unused credit 500 facility Gold bullion at market 659 162 Cash & cash equivalents 159 As at December 31, 2014 Proforma as at December 31, 2014, with sale of Niobec and cash proceeds from flow through sh

  9. Slide 9: 2014 Attributable Production Trend

    2014 Attributable Production Trend1 300 250 7% 9% 241 200 20% 225 206 Improving Westwood in 000’s oz. grades at Mill expansion commercial Rosebel and 150 172 at Essakane production Essakane Grade 100 improvement and higher throughput at 50 Rosebel 0 Q1 Q2 Q3 Q4 1 Attributable gold production include

  10. Slide 10: All-In Sustaining Costs - gold mines Continue to Improve

    All-In Sustaining Costs1,2 - gold mines3 Continue to Improve 1,400 All figures in $/oz. sold 1,273 1,286 1,288 1,272 1,201 1,200 1,230 1,186 1,124 1,115 1,000 1,021 800 600 400 200 ` 0 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 1 3 1 Total Cash Costs –gold mines Average Realized Gold Price 1 This is a

  11. Slide 11: Priorities for Use of Proceeds from Sale of Niobec

    Priorities for Use of Proceeds from Sale of Niobec 230 OPTIONS $ millions 500 • M&A 270 • Additional CAPEX, i.e. SSP • Bond repurchase Proceeds from Niobec 2015 Capex Guidance Remainder* Sale • Combination of above 167 *$50M balance can be kept 11

  12. Slide 12: Acquisition Criteria

    Acquisition Criteria Predominantly gold Producing or near-producing mine Minimum production of 100k oz./year Higher grades Lower costs Good mining jurisdiction 12

  13. Slide 13: Operations

    Operations #IAMGOLD

  14. Slide 14: Westwood Ramping Up – Canada

    Westwood Ramping Up – Canada 40 1000  High-grade, low-cost underground gold mine with an estimated 20 year mine life 35 30 800 › Avg. resource grade ~10g/t Au 25  Commercial production July 1, 2014 (000s oz.) 600 20 35 35 › 70,000k oz. first 6 months at cash 15 400 costs of $822/oz. and AISC of 10

  15. Slide 15: Improving Performance at Rosebel - Suriname

    Improving Performance at Rosebel - Suriname 100 1000  Multiple open-pit mine with diminishing supply of soft rock 80 94 800 80 83  2014 performance– 325,000 oz. produced at total (000s oz.) 60 68 600 cash costs of $804/oz. and AISC of $1,045/oz. ($/oz.) 40 400  Improving trend in grades 20 200 ›

  16. Slide 16: Optimizing Performance at Essakane – Burkina Faso

    Optimizing Performance at Essakane – Burkina Faso 100 1000  Open-pit mine in 4th year of production › Remaining LOM of 10 years 80 92 89 800 83  Mill expansion completed in 2013 to accommodate 60 68 600 increasing proportion of hard rock (000s oz.) ($/oz.) 40 400  Total cash costs reflect harder

  17. Slide 17: Revitalization Strategy for Sadiola – Mali

    Revitalization Strategy for Sadiola – Mali 30 1200 25 1000 20 24 800  Open-pit mine in operation for 20 years (000s oz.) 19 20  Transitioning to hard rock ($/oz.) 15 21 600 10 400  Continuing to look for additional oxide reserves 5 200  Existing plant not built for hard rock 0 0  2014 productio

  18. Slide 18: Exploration

    Exploration # IAMGOLD

  19. Slide 19: Greenfield: Pitangui Project, Brazil

    Greenfield: Pitangui Project, Brazil  Infill drilling continues at Sâo Sebastiâo, 24,500m of diamond drilling completed in 2014  April 2014 –maiden inferred resource estimate of 0.64 Moz at 4.88 g/t Au  June 2014 – confirmed continuity of known resource / identified new high-grade intersections i

  20. Slide 20: Greenfield: Boto Gold Project, Senegal

    Greenfield: Boto Gold Project, Senegal  2014 updated indicated resource grew to 1.2 Moz. at 1.7g/t Au from July 2013 initial indicated resource estimate of 1.1 Moz at 1.6 g/t Au › 2014 inferred resource grew by 550,000 oz. at 1.8 g/t Au  February 2015 – final assay results continue to show Deposit

  21. Slide 21: Joint Venture Project Update – Siribaya (Mali) with Merrex Gold Inc.

    Joint Venture Project Update – Siribaya (Mali) with Merrex Gold Inc.  Focus on Diakha prospect - extension of trend hosting Boto Fekola -B2Gold Gold deposit 3.9Moz @ 1.91 g/t Au*  2014 drill program confirmed gold Boto-Malikoundi mineralization with similar Mali 1.2Moz @ 1.7 g/t Au** characteristi

  22. Slide 22: Joint Venture Project Update – Eastern Borosi (Nicaragua) with Calibre Mining

    Joint Venture Project Update – Eastern Borosi (Nicaragua) with Calibre Mining  176km land package with 2 gold and silver 2 deposits and series of exploration targets  Q3/14- Phase I drilling completed focused on 3 different vein systems, intercepted high- Bonanza E. Borosi Project grade mineraliza

  23. Slide 23: Joint Venture Project Updates - Monster Lake (Quebec) with Tomagold

    Joint Venture Project Updates - Monster Lake (Quebec) with Tomagold Corporation  Excellent location in Abitibi Greenstone belt  High-grade intervals (25 to +30 g/t Au) from previous drilling  2014 diamond drilling program of Monster Lake 12.761m on tested targets along 4km of mineralized corridor

  24. Slide 24: Why invest in IAMGOLD?

    Why invest in IAMGOLD?  Diversified portfolio of operating gold mines in friendly mining jurisdictions  Owned and operated mines generating positive free cash flow  AISC improving - focused on optimizing economic returns from existing assets  Demonstrated ability to adapt in a volatile gold mark

  25. Slide 25: Investor Relations

    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

  26. Slide 26: Appendices

    Appendices COAPORATION

  27. Slide 27: 2015 Production and Cost Guidance

    2015 Production and Cost Guidance1 Guidance Rosebel (000s oz.) 290 – 300 Essakane (000s oz.) 360 – 370 gold production Attributable Westwood (000s oz.) 110 – 130 Total owner-operator production (000s oz.) 760 – 800 Joint ventures (000s oz.) 60 Total attributable production (000s oz.) 820 – 860 Total

  28. Slide 28: 2015 Capital Expenditure Outlook

    2015 Capital Expenditure Outlook Development/ ($ millions) Sustaining1 Expansion Total (Non-sustaining) Rosebel 70 10 80 Essakane 55 5 60 Westwood 30 50 80 Total gold segments 155 65 220 Côté Gold - 5 5 Total consolidated 155 70 225 Joint ventures 5 - 5 Total (±10%) 160 70 230 1 Includes capitalized

  29. Slide 29: 2014 Reserves and Resources

    2014 Reserves and Resources1 As of December 31, 2014 2014 Change 2013 Gold (000s attributable oz. contained) Total proven and probable mineral reserves 8,608 (15%) 10,127 Total measured and indicated mineral resources 2,3 21,412 (9%) 23,408 Total inferred resources 7,018 11% 6,299 • Gold reserves we

  30. Slide 30: Investor Relations

    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

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