Iamgold Corporation · TSX:IMG
Iamgold — Investor Presentation (January 2022)
39 slides from Iamgold's investor presentation, January 2022
Slide 1: Corporate Presentation
JANUARY 2022 CORPORATE PRESENTATION Corporate Presentation TSX: IMG l NYSE: IAG January 2022 www.iamgold.com TSX: IMG l NYSE: IAG l www.iamgold.com
Slide 2: Cautionary Statement
JANUARY 2022 CORPORATE PRESENTATION Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This presentation contains statements which constitute forward-looking information or forward-looking statements within the meaning of applicable securities laws (collectively referred
Slide 3: Technical Information and Qualified Persons
JANUARY 2022 CORPORATE PRESENTATION Technical Information and Qualified Persons QUALIFIED PERSON AND TECHNICAL INFORMATION The technical and scientific information relating to exploration activities disclosed in this document was prepared under the supervision of and verified and reviewed by Craig M
Slide 4: IAMGOLD – Building a Leading High-Margin Gold Producer
JANUARY 2022 CORPORATE PRESENTATION IAMGOLD – Building a Leading High-Margin Gold Producer FOCUSING ON PROFITABILITY COMMITMENT TO ESG 2021 gold production of 601,000 ounces Zero Harm® commitment and focus on safety, while building strong community partnerships 2022 gold production guidance of 570,0
Slide 5: Asset Overview
JANUARY 2022 CORPORATE PRESENTATION Asset Overview ESSAKANE ROSEBEL WESTWOOD Burkina Faso Suriname Canada (90% Ownership) (95% RGM | 66.5% Saramacca3) (100%) PRODUCTION Start-up 2010 2004 (Saramacca H2 20) 2014 Mine type Open pit Open pit Underground / Satellite open pit Expected mine life ~20271 ~2
Slide 6: Focus On Core Operating Jurisdictions
JANUARY 2022 CORPORATE PRESENTATION Focus On Core Operating Jurisdictions STRATEGIC REVIEW OF PORTFOLIO Prioritize highest return assets that will contribute strongest net free cash flow and value creation Concentrate on core operating jurisdictions Focus on value creation for shareholders Ontario M
Slide 7: Fourth Quarter and FY 2021 Highlights
JANUARY 2022 CORPORATE PRESENTATION Fourth Quarter and FY 2021 Highlights Consolidated Q4 2021 Essakane Rosebel Westwood Q4 2021 • Q4 2021 production of 153,000 ounces (attributable) Material mined kt 15,016 13,788 290 • Full year 2021 production of 601,000 ounces (attributable) Ore mined kt 4,113 2
Slide 8: 2022 Guidance
JANUARY 2022 CORPORATE PRESENTATION 2022 Guidance CONSOLIDATED ESSAKANE ROSEBEL WESTWOOD CÔTÉ GOLD BOTO Gold production1 570,000 – 640,000 360,000 – 385,000 155,000 – 180,000 55,000 – 75,000 (attributable ounces) Cash costs2 $1,100 – $1,150 (per ounce sold) AISC2 $1,650 – 1,690 (per ounce sold) Sust
Slide 9: Environmental, Social and Governance (ESG)
JANUARY 2022 CORPORATE PRESENTATION Environmental, Social and Governance (ESG) Zero Harm® is our commitment to continually strive to reach the highest standards in human health & safety, minimize our environmental footprint, and work co-operatively with our host communities Since 2007 FRAMEWORKS / S
Slide 10: Environmental, Social and Governance (ESG)
JANUARY 2022 CORPORATE PRESENTATION Environmental, Social and Governance (ESG) INITIATIVES & • Commissioned one of the world’s largest hybrid solar/thermal plants at Essakane HIGHLIGHTS • Public-Private Partnership with Canada’s Gov’t, One Drop Foundation, and Cowater on Triangle d’Eau project: Comp
Slide 11: COVID-19 Update: Q4 2021
JANUARY 2022 CORPORATE PRESENTATION COVID-19 Update: Q4 2021 Previously implemented protocols remain in place at our sites and are review on an ongoing basis to adapt to the evolving situation • Essakane – COVID-19 situation remains stable at site with >63% of workforce vaccinated • Rosebel – COVID-
Slide 12: Côté Gold: Robust, Tier I, Low-cost and Long-life Asset
JANUARY 2022 CORPORATE PRESENTATION Côté Gold: Robust, Tier I, Low-cost and Long-life Asset PROJECT STATUS1 PROJECT COSTS1,4 EMERGING GOLD DISTRICT2 43.4% overall project completion $412M expended (from Jul ’20 to Dec ‘21) 7.2 Moz P&P | 13.6 Moz M&I 92.2% detailed engineering complete $710 – $760M r
Slide 13: Côté Gold: Progress Report (Q4 2021)
JANUARY 2022 CORPORATE PRESENTATION Côté Gold: Progress Report (Q4 2021) 43.4% 92.2% $710 – $760M project completion detailed engineering remaining costs estimate1,2 7.2 Moz P&P Reserves3 13.6 Moz M&I Resources3 • Health and safety: Surpassed 3.4 million hours with no lost time injuries. COVID-19 pr
Slide 14: Côté Gold: Construction on Schedule for H2 2023
JANUARY 2022 CORPORATE PRESENTATION Côté Gold: Construction on Schedule for H2 20231 2020 2021 2022 2023 2024 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Project Completion 43.4% Project Costs1 $412M $590 – $620M $120 – $140M Remaining Estimated Allocation of Total Expenditures PROJECT TIM
Slide 15: Côté Gold: Construction Progress (January 2022)
JANUARY 2022 CORPORATE PRESENTATION Côté Gold: Construction Progress (January 2022) A virtual 360o tour of Côté Gold is accessible here Processing plant wall cladding installation New Lake North Dam TMF Starter Dam Foundation Excavation Côté pit at sunset Drilling and blasting on eastern pit area 15
Slide 16: Gosselin 2021 Initial Resource Estimate
JANUARY 2022 CORPORATE PRESENTATION Gosselin 2021 Initial Resource Estimate • Gosselin zone adjoins the Côté deposit to the northeast with Côté Gold Project – Mineral Reserves & Resources (2021)2,3 potential to further expand district-scale resources • Gosselin increases the overall Côté Gold projec
Slide 17: Financial Position
JANUARY 2022 CORPORATE PRESENTATION Financial Position Hedging Program • Côté’s project costs primarily incurred in CAD: $553 million • Hedges and cash on hand cover 75% and 48% CAD exposure of project costs in 2022 and 2023, respectively, Cash & equivalents1 during the construction period (between
Slide 18: Advancing Exploration Activities in Key Districts
JANUARY 2022 CORPORATE PRESENTATION Advancing Exploration Activities in Key Districts • Robust exploration program focused on unlocking value in key districts 2022 EXPLORATION BUDGET Côté District • Declining industry reserves and resources highlight the challenge to access Other quality exploration
Slide 19: Operations
JANUARY 2022 CORPORATE PRESENTATION Operations Hybrid Solar/Thermal Plant at Essakane Gold Mine • Commissioned in 2018 • 15 MWp solar plant produces ~27 MWh of carbon-free electricity per year • ~130,000 photovoltaic panels • Supplements an existing 57 MW thermal plant • One of the world’s largest h
Slide 20: Essakane Gold Mine, Burkina Faso
JANUARY 2022 CORPORATE PRESENTATION Essakane Gold Mine, Burkina Faso 20
Slide 21: Essakane – Record Production of 457,000 ounces in 2021 (100% basis)
JANUARY 2022 CORPORATE PRESENTATION Essakane – Record Production of 457,000 ounces in 2021 (100% basis) OVERVIEW KEY NOTES LOCATION NORTH-EASTERN BURKINA FASO, WEST AFRICA Ownership • 90% IAMGOLD, 10% Government of Burkina Faso Outlook Beyond 2022 Mine type • Open pit • Expected annual production be
Slide 22: Rosebel Gold Mine, Suriname
JANUARY 2022 CORPORATE PRESENTATION Rosebel Gold Mine, Suriname 22
Slide 23: Rosebel – Long Operating History with District Potential
JANUARY 2022 CORPORATE PRESENTATION Rosebel – Long Operating History with District Potential OVERVIEW KEY NOTES LOCATION BROKOPONDO DISTRICT IN NORTH-EASTERN SURINAME Ownership • Gross Rosebel Concession (RGM): 95% IAMGOLD, 5% Strategic Review Process Government of Suriname • Operational challenges
Slide 24: 2021 Rosebel Mineral Reserves and Resources Update
JANUARY 2022 CORPORATE PRESENTATION 2021 Rosebel Mineral Reserves and Resources Update1 2020 2021 ▲ YoY (as of Dec 31) (as of Dec 31) Contained Contained Contained Tonnes Grade Ounces Tonnes Grade Ounces Ounces (On a 100% basis) (000’s) (g/t Au) (000’s) (000’s) (g/t Au) (000’s) (000’s) % RESERVES 13
Slide 25: 2022 Rosebel Updated Life-of-Mine Plan (100% basis)
JANUARY 2022 CORPORATE PRESENTATION 2022 Rosebel Updated Life-of-Mine Plan (100% basis) KEY PROJECT METRICS1 • Updated mine plan incorporates revised geological and cost models for the Rosebel and LOM PLAN Saramacca deposits, and is capital constrained based on internal capital allocation strategies
Slide 26: Westwood Gold Mine, Canada
JANUARY 2022 CORPORATE PRESENTATION Westwood Gold Mine, Canada 26
Slide 27: Westwood – Established Base in Prolific Abitibi Gold Camp
JANUARY 2022 CORPORATE PRESENTATION Westwood – Established Base in Prolific Abitibi Gold Camp OVERVIEW KEY NOTES LOCATION NORTHWESTERN QUÉBEC, CANADA Ownership • 100% IAMGOLD Current Status Mining • Underground Method • Grand Duc satellite open pit Underground operations in the East CANADA Zone re
Slide 28: Westwood – “Hub-and-Spoke” Model
JANUARY 2022 CORPORATE PRESENTATION Westwood – “Hub-and-Spoke” Model ATTRACTIVE DISTRICT EXPLORATION POTENTIAL1 THAT COULD SUPPLEMENT EXCESS MILL CAPACITY FAYOLLE PROPERTY (OP) A B ROUYN GOLD PROJECT (UG) 100% ACQUIRED FROM MONARCH GOLD (2020) A Fayolle OPTION TO ACQUIRE 100% FROM YORBEAU RESOURCES
Slide 29: Development and Exploration Projects
JANUARY 2022 CORPORATE PRESENTATION Development and Exploration Projects 29
Slide 30: Bambouk District: Boto – Karita – Diakha-Siribaya
JANUARY 2022 CORPORATE PRESENTATION Bambouk District: Boto – Karita – Diakha-Siribaya Boto Gold (90% ownership) Yatela Deposit Operation 1.6Moz • Along same trend as B2Gold’s Fekola Mine in Mali Sadiola RESERVES1 • Mining permit received in 2019 for a period of 20 years2 2.0Moz • 2019 Optimization S
Slide 31: Chibougamau: Emerging Prospective District in Québec, Canada
JANUARY 2022 CORPORATE PRESENTATION Chibougamau: Emerging Prospective District in Québec, Canada NELLIGAN (75% JV INTEREST) • Located 60 kilometres southwest of Chibougamau, Québec • Exercised option to increase undivided interest to 75% (from 51%), following completion of NI 43-101 Technical Report
Slide 32: Robust Exploration Pipeline
JANUARY 2022 CORPORATE PRESENTATION Robust Exploration Pipeline West Africa North America South America Essakane Westwood UG Rosebel1 >5 Moz Au Production Grand Duc Saramacca1 >2 Moz Au <2 Moz Au Côté Construction Brownfield Advanced Greenfield Greenfield Boto Fayolle Feasibility Study Diakha-Siriba
Slide 33: Appendix
JANUARY 2022 CORPORATE PRESENTATION Appendix 33
Slide 34: Gold Prepayment – Illustrative Impact
JANUARY 2022 CORPORATE PRESENTATION Gold Prepayment – Illustrative Impact PREPAYMENT ARRANGEMENT STRUCTURE GOLD PREPAY RECOGNITION • Cash proceeds received up front in return for obligation to unit 2019 2022 2024 deliver ounces at a later date Illustrative gold price US$/oz $1,300 $1,800 $1,800 • Se
Slide 35: Côté District – Mineral Reserves and Resources (100% Basis)
JANUARY 2022 CORPORATE PRESENTATION Côté District – Mineral Reserves and Resources (100% Basis) increase in total resources of the Côté deposit of Côté M&I resources Côté District – Mineral Reserves & Resources (2021)2 2.8x since acquisition 73% classified as M&I resources 71% converted to P&P reser
Slide 36: Gold Mineral Reserves – Attributable
JANUARY 2022 CORPORATE PRESENTATION Gold Mineral Reserves – Attributable As at December 31, 2020 PROVEN PROBABLE TOTAL RESERVES Effective Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces DEPOSIT Location Ownership (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) Rosebel 1
Slide 37: Gold Mineral Resources – Attributable
JANUARY 2022 CORPORATE PRESENTATION Gold Mineral Resources1,2 – Attributable (Measured & Indicated Resources are inclusive of Proven & Probable Reserves) As at December 31, 2020 MEASURED INDICATED MEASURED + INDICATED INFERRED Effective Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Ton
Slide 38: Notes to the Gold Mineral Resources Statement
JANUARY 2022 CORPORATE PRESENTATION Notes to the Gold Mineral Resources Statement 1 In mining operations, Measured Mineral Resources and Indicated Mineral Resources that are not Mineral Reserves are considered uneconomic at the price used for Mineral Reserve estimations but are deemed to have a reas
Slide 39: Investor Relations Contacts
JANUARY 2022 CORPORATE PRESENTATION Graeme Jennings, VP, Investor Relations & Corporate Communications 416-388-6883 Philip Rabenok, Manager, Investor Relations 647-967-9942