Iamgold Corporation · TSX:IMG
Iamgold — Q3 2024 Earnings Presentation
19 slides from Iamgold's earnings presentation, Nov 7, 2024
Slide 1: Third Quarter 2024 Conference Call
Q3 2024 RESULTS CONFERENCE CALL TSX: IMG l NYSE: IAG l www.iamgold.com THIRD QUARTER 2024 CONFERENCE CALL November 2024
Slide 2: Cautionary Statement
Q3 2024 RESULTS CONFERENCE CALL 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 and ot
Slide 3: Technical Information and Qualified Persons
Q3 2024 RESULTS CONFERENCE CALL 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 43-1
Slide 4: Overview
Q3 2024 RESULTS CONFERENCE CALL 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 community, a
Slide 5: Q3 Operating Highlights
Q3 2024 RESULTS CONFERENCE CALL Q3 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 for safet
Slide 6: Guidance Maintained
Q3 2024 RESULTS CONFERENCE CALL 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 99,000 1
Slide 7: Financial Results: Liquidity
Q3 2024 RESULTS CONFERENCE CALL 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% interest
Slide 8: Financial Results
Q3 2024 RESULTS CONFERENCE CALL 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/oz ($2
Slide 9: Operations
Q3 2024 RESULTS CONFERENCE CALL Operations 9
Slide 10: Côté Gold
Q3 2024 RESULTS CONFERENCE CALL 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 68,000 o
Slide 11: Côté Gold Plant Throughput & Milestones
Q3 2024 RESULTS CONFERENCE CALL 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, availabili
Slide 12: Côté Gold Guidance
Q3 2024 RESULTS CONFERENCE CALL 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 100%
Slide 13: Côté Gold: Growth
Q3 2024 RESULTS CONFERENCE CALL 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) Current diamond drill program of 35,000 m with 32,500 m completed YTD • Assay results
Slide 14: Westwood Complex
Q3 2024 RESULTS CONFERENCE CALL 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 131 231 379 580 Gol
Slide 15: Essakane
Q3 2024 RESULTS CONFERENCE CALL 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 100,000 ou
Slide 16: Appendix
Q3 2024 RESULTS CONFERENCE CALL 16
Slide 17: Gold Mineral Reserves – 100% Basis
Q3 2024 RESULTS CONFERENCE CALL 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 Essakane2 O
Slide 18: Gold Mineral Resources – 100% Basis
Q3 2024 RESULTS CONFERENCE CALL 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 Ounces
Slide 19: Graeme Jennings, VP, Investor Relations
Q3 2024 RESULTS CONFERENCE CALL Graeme Jennings, VP, Investor Relations 416-388-6883 TSX: IMG l NYSE: IAG l www.iamgold.com