Iamgold Corporation · TSX:IMG
Iamgold — Investor Presentation (November 2024)
44 slides from Iamgold's investor presentation, November 2024
Slide 1: Corporate Presentation
NOVEMBER 2024 CORPORATE PRESENTATION CORPORATE PRESENTATION TSX: IMG l NYSE: IAG November 2024 www.iamgold.com TSX: IMG l NYSE: IAG l www.iamgold.com
Slide 2: Cautionary Statement
NOVEMBER 2024 CORPORATE PRESENTATION Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION All information included or incorporated by reference in this presentation, including any information as to the Company’s vision, strategy, future financial or operating performance a
Slide 3: Technical Information and Qualified Persons
NOVEMBER 2024 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: Overview
NOVEMBER 2024 CORPORATE PRESENTATION Overview BUILDING A LEADING, MODERN CANADIAN-FOCUSED MULTI-ASSET PRODUCER • Côté Gold: In production and ramping up to be one of Canada’s largest mines and a model for modern mining in Canada • Essakane: 6th largest gold mine in West Africa, leader in the communi
Slide 5: Operations Overview
NOVEMBER 2024 CORPORATE PRESENTATION Operations Overview RAMP-UP PRODUCTION CÔTÉ GOLD ESSAKANE WESTWOOD Ontario, Canada Burkina Faso, West Africa Quebec, Canada (70% IMG | 30% SMM1) (90%) (100%) Start-up 2024 Start-up 2010 2014 Mine type Open pit Mine type Open pit Underground / Satellite OP Estimat
Slide 6: Responsibility & Accountability
NOVEMBER 2024 CORPORATE PRESENTATION Responsibility & Accountability ENVIRONMENTAL Since 2007 • Released inaugural TCFD report in 2023 outlining roadmap and GHG emission reduction targets • Goal for net positive biodiversity at all operations • Adherence and reporting to the TSM Water Stewardship Pr
Slide 7: Q3 2024 Operating Highlights
NOVEMBER 2024 CORPORATE PRESENTATION Q3 2024 Operating Highlights OPERATING RESULTS Q3 2024 Q3 2023 YTD 2024 YTD 2023 RESPONSIBILITY & ACCOUNTABILITY Essakane (90%) koz 100 84 329 264 TRIFR (total recordable injuries/200,000 hours) of 0.46 Westwood (100%) koz 32 25 99 65 • Essakane was a triple zero
Slide 8: Guidance Maintained
NOVEMBER 2024 CORPORATE PRESENTATION Guidance Maintained + GOLD PRODUCTION CASH COST1 AISC1 (attributable ounces) ($/ounce sold) ($/ounce sold) 3 3 YTD GUIDANCE YTD cost Guidance YTD cost Guidance Essakane 329,000 380,000 – 410,000 $1,000 $1,175 $1,275 $1,400 $1,400 $1,575 $1,675 $2,000 Westwood 99,
Slide 9: Financial Results
NOVEMBER 2024 CORPORATE PRESENTATION Financial Results M 53.4 LIQUIDITY (as at September 30, 2024) $5 : sh Cash and equivalents of $553.4 million and total liquidity1 of $959.3 million Ca • $83.4 million of cash and equivalents held by Côté Gold70%, $135.3 million held by Essakane • Essakane 90% int
Slide 10: Financial Results
NOVEMBER 2024 CORPORATE PRESENTATION Financial Results FINANCIAL HIGHLIGHTS Q3 FINANCIAL REVIEW Q3 2024 Q3 2023 YTD 2024 YTD 20232 Gold revenues of $438.9 million from sales of 184,000 ounces (171,000 ounces attributable) at (In $ millions, unless otherwise stated) realized average price of $2,391/o
Slide 11: Côté Gold
NOVEMBER 2024 CORPORATE PRESENTATION Côté Gold 11
Slide 12: Côté Gold
NOVEMBER 2024 CORPORATE PRESENTATION Côté Gold (100% basis, unless otherwise stated) Ore mined kt Q1 2024 1,944 Q2 2024 2,109 Q3 2024 3,159 YTD 2024 7,212 Grade mined g/t 0.72 0.93 1.02 0.91 OPERATING HIGHLIGHTS & MILESTONES Material mined – total kt 7,597 10,514 10,378 28,489 Gold production of 68,
Slide 13: Plant Throughput & Milestones
NOVEMBER 2024 CORPORATE PRESENTATION Côté Gold PLANT THROUGHPUT & MILESTONES 42,000 PROCESSING RAMP UP 36,000 Mill throughput of 1.6M tonnes at head grade of 1.41 g/t and 93% recoveries • Milling and leaching circuits have demonstrated capability to operate at, or above 30,000 design capacity, avail
Slide 14: Côté Gold Guidance
NOVEMBER 2024 CORPORATE PRESENTATION Côté Gold GUIDANCE On track to achieve goal of 90% throughput rate exiting 2024 CASH COSTS1,2 @ YEAR END 2024 PRODUCTION (100%) expected at lower end of $700 – $800/oz 220,000 – 290,000 oz AISC1,2 @ YEAR END $1,100 – $1,200/oz Capital expenditures3 on track • On
Slide 15: Côté Gold: Growth
NOVEMBER 2024 CORPORATE PRESENTATION CÔTÉ GOLD PROJECT – MINERAL RESERVES & RESOURCES (2023)1,3 Côté Gold: Growth Tonnes Grade Contained (100%) Attributable Contained Classification (millions) (g/t Au) (Moz Au) (Moz Au) INVESTIGATE OPTIMIZATIONS & POTENTIAL OPERATING EFFICIENCIES Côté Gold Deposit C
Slide 16: Côté Gold: Large-Scale and Long-Life Mine
NOVEMBER 2024 CORPORATE PRESENTATION Côté Gold: Large-Scale and Long-Life Mine Top 12 Gold Mines in Canada by Production1 (koz) 28 20 18 17 5 14 10 7 10 6 10 9 690 38 Remaining life of mine (years)2 585 Mines acquired in last 10 years 3 495 5 M&I Mineral Resources 2 (inclusive of reserves) 438 420 6
Slide 17: Essakane Gold Mine, Burkina Faso
NOVEMBER 2024 CORPORATE PRESENTATION Essakane Gold Mine, Burkina Faso 17
Slide 18: Essakane
NOVEMBER 2024 CORPORATE PRESENTATION Essakane (100% basis, unless otherwise stated) Ore mined kt Q3 2024 1,891 Q3 2023 2,015 YTD 2024 7,544 YTD 2023 6,369 Material mined – total kt 12,201 10,639 34,550 30,439 Q3 2024 OPERATIONAL REVIEW Strip ratio w:o 5.5 4.3 3.6 3.8 Attributable production of 100,0
Slide 19: Essakane Updated Mine Plan
NOVEMBER 2024 CORPORATE PRESENTATION UPDATED MINE PLAN1 Essakane MINING & STRIP RATIO CAPITAL EXPENDITURES 50 4.0 200 CURRENT MINE PLAN1 3.0 150 Strip ratio Mine life extension to 2028 $ million M tonnes 25 2.0 100 • Mining will occur from three remaining pit phases in the Essakane Main Zone 1.0 50
Slide 20: Westwood Complex, Canada
NOVEMBER 2024 CORPORATE PRESENTATION Westwood Complex, Canada 20
Slide 21: Westwood Complex
NOVEMBER 2024 CORPORATE PRESENTATION Westwood Complex (100% basis, unless otherwise stated) Underground lateral development metres Q3 2024 1,032 Q3 2023 1,133 YTD 2024 3,505 YTD 2023 4,008 Ore mined – underground kt 84 79 256 203 Q3 2024 OPERATIONAL REVIEW Ore mined – other sources kt 131 231 379 58
Slide 22: Westwood Complex
NOVEMBER 2024 CORPORATE PRESENTATION Westwood Complex +4800 UNDERGROUND DEVELOPMENT & REHABILITATION WEST CENTRAL EAST Underground lateral development of 3,505 m YTD 2024 and 5,271 m in 2023 CORRIDOR CORRIDOR CORRIDOR • Securing safe access to multiple ore faces at different levels in the mine, +460
Slide 23: Exploration Projects
NOVEMBER 2024 CORPORATE PRESENTATION Exploration Projects 23
Slide 24: Chibougamau: Emerging District
NOVEMBER 2024 CORPORATE PRESENTATION Chibougamau: Emerging District NELLIGAN (100%1 JV INTEREST) Nelligan 2022 Resource Pit Shell • Located 60 kilometres southwest of Chibougamau, Québec • Updated resource estimate2(on 100% basis): Cut-off Category Grade Tonnage Grade Contained Au (g/t Au) (Mt) (g/t
Slide 25: NOVEMBER 2024 CORPORATE PRESENTATION
NOVEMBER 2024 CORPORATE PRESENTATION 25
Slide 26: Appendix
NOVEMBER 2024 CORPORATE PRESENTATION Appendix 26
Slide 27: Operational Strategy
NOVEMBER 2024 CORPORATE PRESENTATION Côté Operational Strategy 43-101 AUGUST 2022 MINE PLAN1 Mining Rate & Grade Processing Rate & Head Grade Production 75 1.50 15 1.50 600 500 495 422 Production (000 oz) Tonnes (Mt) Tonnes (Mt) 50 1.00 10 1.00 400 Grade (g/t) Grade (g/t) 300 25 0.50 5 0.50 200 100
Slide 28: Mining Highlights – First Nine Months 2024
NOVEMBER 2024 CORPORATE PRESENTATION Côté Mining Highlights – First Nine Months 2024 MINING OPERATIONS (100% basis, unless otherwise Q1 Q2 Q3 YTD stated) 2024 2024 2024 2024 Tonnes mined – ore kt 1,944 2,109 3,159 7,212 Tonnes mined – waste kt 5,653 8,495 7,219 21,277 Material mined – total kt 7,597
Slide 29: Mining Performance
NOVEMBER 2024 CORPORATE PRESENTATION Côté Mining Performance DRILLING & BLASTING STATS DRILLING 60,000 5,000,000 • PV availability improved this year. Currently at 75%-80% 50,000 • Integrated Epiroc-IMG maintenance team since Q2 4,000,000 Blasted Tonnes 40,000 Drilled Meters • Transitioning to bette
Slide 30: Stockpile Model
NOVEMBER 2024 CORPORATE PRESENTATION Côté Stockpile Model STOCKPILE • Stockpile balance estimated at 9.1 Mt at the end of September 1: Tonnes Grade Mt DF High grade: 0.2 1.40 g/t Medium grade: 3.5 0.88 g/t Low grade: 5.4 0.55 g/t Toal stockpile: 9.1 0.70 g/t POTENTIAL FOR BULK MINING • Analysis ongo
Slide 31: Reconciliation
NOVEMBER 2024 CORPORATE PRESENTATION Côté Reconciliation YTD 2024 Resource Model Reserve Model Grade Control Model Reconciliation Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces 6,219,384 1.03 206,078 6,275,574 1.00 200,887 5,882,435 1.01 190,123 To Resource Model 1% -3% -3% -5% -2% -8%
Slide 32: Primary and Secondary Crushing Circuits
NOVEMBER 2024 CORPORATE PRESENTATION Côté Primary and Secondary Crushing Circuits Lime Silo Screening Building Fire Water Systems Coarse Ore Dome Fine Ore Bin Secondary Crusher Primary Crusher HPGR 32
Slide 33: Processing Plant
NOVEMBER 2024 CORPORATE PRESENTATION Côté Processing Plant Pre-leach O2 Storage & From Primary & Secondary Thickener Distribution Process Water Secondary Tank Leach Tanks(10) Crushing Cyclones 30 hrs Ball Mill Cyclones Cyanide Tailings Destruction SO2 Thickener Ball Mill Tailings Pump Verti-Mills (2
Slide 34: Ramp Up Successes
NOVEMBER 2024 CORPORATE PRESENTATION Côté Ramp Up Successes KEY COMPONENTS HANDLING RECOVERIES POST SHUTDOWN WINS LOAD • The plant achieved over 40,600 tpd on Sept • YTD recovery is above 93% on average, • Improved availability of plant with higher 25, 2024 and 40,900 tpd on Oct 15, 2024 significant
Slide 35: Mill Improvement Initiatives
NOVEMBER 2024 CORPORATE PRESENTATION Côté Mill Improvement Initiatives ABRASIVE RESISTANCE FILL THE DOME REFINE THE SCREENS • Nearly complete • Primary bottleneck is ensuring the coarse ore • Continue to monitor and replace chutes and dome is full • Screening was seeing higher than expected high-wea
Slide 36: Growth
NOVEMBER 2024 CORPORATE PRESENTATION Côté Growth VRIFY | Changing how mining communicates. GOSSELIN ZONE CÔTÉ ZONE 36
Slide 37: Longitudinal Section
NOVEMBER 2024 CORPORATE PRESENTATION Longitudinal Section Gosselin Zone Côté Resource Gosselin Pit Resource Pit Hydrothermal Breccia Priority Exploration (HdBx) Target for Hydrothermal Breccia GOS23-136 240.0 m grading 1.53 g/t Au GOS23-139 Incl. 120.0 m grading 2.26 g/t Au Côté 406.0 m grading 0.72
Slide 38: Côté + Gosselin Deposits – Geological Settings
NOVEMBER 2024 CORPORATE PRESENTATION Côté + Gosselin Deposits – Geological Settings Abitibi Belt: > 260 M Oz & Growing South Swayze Belt • 19+ Moz (& growing) • Historical - Numerous high-grade vein and shear zone hosted deposits Gold production within 175 km radius: • Timmins + KL + Matachewan 897,
Slide 39: Exploration Potential Objectives
NOVEMBER 2024 CORPORATE PRESENTATION ExplorationPotential Objectives for Côté type (intrusion related, breccia) disseminated mineralization and H-G Shear veins Extensive Property package of 596 km² JEROME MINE COTE DEPOSIT Jack Rabbit GOSSELIN DEPOSIT Clam Lake 39 39
Slide 40: 2023 – New Structural Corridor Theory
NOVEMBER 2024 CORPORATE PRESENTATION 2023 – New Structural Corridor Theory New Jack Rabbit / Theory Gomak Gosselin • Possibility that the main NE Côté trending structure through the Chester intrusive complex is the main mineralization trend. Straighter than originally Old thought. • E-W trending str
Slide 41: Bambouk District: Boto – Karita – Diakha-Siribaya
NOVEMBER 2024 CORPORATE PRESENTATION Bambouk District: Boto – Karita – Diakha-Siribaya • On December 20, 2022, IAMGOLD announced agreement to sell Bambouk assets to Managem (CAS:MNG) for aggregate consideration of approximately $282 million6 Yatela Deposit Operation Sadiola Boto Gold Closed on April
Slide 42: Gold Mineral Reserves – 100% Basis
NOVEMBER 2024 CORPORATE PRESENTATION Gold Mineral Reserves – 100% Basis As of December 31, 2023 PROVEN PROBABLE TOTAL RESERVES Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces DEPOSIT Type* Location Ownership (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) Burkina Essaka
Slide 43: Gold Mineral Resources – 100% Basis
NOVEMBER 2024 CORPORATE PRESENTATION Gold Mineral Resources1,2 – 100% Basis (Measured & Indicated Resources are inclusive of Proven & Probable Reserves) As of December 31, 2023 MEASURED INDICATED MEASURED + INDICATED INFERRED Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade O
Slide 44: Graeme Jennings, VP, Investor Relations
NOVEMBER 2024 CORPORATE PRESENTATION Graeme Jennings, VP, Investor Relations 416-388-6883 TSX: IMG l NYSE: IAG l www.iamgold.com