Iamgold Corporation · TSX:IMG
Iamgold — Investor Presentation (June 2018)
36 slides from Iamgold's investor presentation, Jun 5, 2018
Slide 1: A Year of Execution
A Year of Execution Corporate Presentation June 5, 2018 STEVE LETWIN, PRESIDENT & CHIEF EXECUTIVE OFFICER Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l
Slide 2: Cautionary Statement
Cautionary Statement All information included in this presentation whether in narrative or chart form, 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 s
Slide 3: Geographically Diverse & Balanced Over 3 Continents
Geographically Diverse & Balanced Over 3 Continents NORTH AMERICA IAMGOLD Attributable Measured and Indicated Resources Westwood Côté Gold As at December 31, 2017 As at December 31, 2011 Nelligan Monster Lake WEST AFRICA Essakane 23% South Sadiola America CENTRAL AMERICA Boto Gold 42% 54% Eastern Bo
Slide 4: 2018 – Abundance of Catalysts
2018 – Abundance of Catalysts 2018 Q1 Q2 Q3 Q4 2019 2020 2021 Saramacca Gold Essakane Heap Essakane Oxygen Essakane ✔ ✔ Saramacca Reserve Saramacca Côté District Leach Pre-feasibility plant HL declaration production production Consolidation Study Commissioning production Côté ✔ Boto Pre-feasibility
Slide 5: Value Creating Projects Support a Solid Growth Strategy
Value Creating Projects Support a Solid Growth Strategy Short-Cycle Capacity Long-Cycle Capacity Rosebel Gold Mine Côté Gold Project • Saramacca • Mine optimization • Joint-venture agreement with • Continued concession consolidation Sumitomo Metal Mining Co., Ltd. • Shorter Essakane Gold Mine • Long
Slide 6: Strong Liquidity Position
Strong Liquidity Position 1,200 1,080 1,040 1,000 249 249 800 $ millions 600 400 791 831 200 - 2017 Q1'18 Cash, Cash Equivelants, and Short Term Investments Available Credit Facility 1. As at March 31, 2018. 2. The revolving credit facility has been extended by two years to March 2022 and has been a
Slide 7: Corporate Social Responsibility
Corporate Social Responsibility Recognition • Ranked among Canada's Future 40 by Corporate Knights (19th overall) • 2017 TSM Community Engagement Excellence Award - Finalist (program for support of vulnerable households) • 2017 Environmental Excellence Award - Finalist (small-scale solar project in
Slide 8: Leveraging Existing Asset Base
Leveraging Existing Asset Base Optimizing Operations & Organic Growth Opportunities
Slide 9: Structured for Long-Term Growth
Structured for Long-Term Growth 16 86% 14.5 Moz 14 Increase Reserve Increases4 Côté: +3.8Moz 12 Attributable Reserves (Moz) 1,2,3 Rosebel: +1.7Moz 10 Boto: +1.4Moz 7.8 Moz Essakane: +0.5Moz 8 Westwood: +0.3Moz 6 4 2 0 2016 2017 *Reserve numbers included on this slide have been rounded 1. Mineral res
Slide 10: Rosebel – Significant Transformational Achievements
Rosebel – Significant Transformational Achievements Suriname (95%) Increased Reserves & Resources • 69% increase in attributable Reserves to 3.5M oz Extends LOM to 2028, • Increase mainly due to mine plan optimization and cost reductions before inclusion of • Potential for further increase with Sadd
Slide 11: Rosebel – Consolidating Prospective Land Packages Surrounding Mill
Rosebel – Consolidating Prospective Land Packages Surrounding Mill Brokolonko Compilation 10
Slide 12: Saramacca – Drilling Program
Saramacca – Drilling Program SMDD17-227 SMDD17-218 2018 Exploration Program 32.5m grading 2.28 g/t Au 15m grading 22.90 g/t Au • 50km of diamond and RC drilling planned for 2018 N • Improve resource classification through infill drilling, declare reserves, and advance mine design studies ahead of 20
Slide 13: Development of Saramacca Progressing Towards Production H2/19
Development of Saramacca Progressing Towards Production H2/19 • ESIA expected H1’18 Attributable 66.5% Tonnes Grade Contained Ounces (000) (g/t) (000 Au) • Completion of Permitting H2’18 Measured & Indicated 9,605 2.2 680 Inferred 9,065 1.2 344 • Preliminary engineering work on mine design and infra
Slide 14: Saramacca – Resource Sensitivities
Saramacca – Resource Sensitivities Tonnes Grade Contained oz 100% Basis1 (000) (g/t) (000 Au) Measured & Indicated2 14,444 2.20 1,022 Inferred 13,632 1.18 518 1 See IAMGOLD news release dated February 12, 2018 2 Inclusive of reserves 13
Slide 15: Essakane – Driving Transformational Change
Essakane – Driving Transformational Change Burkina Faso (90%) Heap Leaching1 • 39% increase in reserves based on PFS and higher grade intercepts Extend mine life to 2026 • Mine life extended to 2026, three years from previously disclosed plan with average annual • Average annual production of 480koz
Slide 16: Heap Leaching at Essakane
Heap Leaching at Essakane Pre-feasibility Study Highlights • Mine life of 8.5 years (2026) with mill throughput of 12.0Mtpa and heap leach throughput of 10.0Mtpa • Heap Leach provides ability to extract additional CIL ore that would otherwise be uneconomic • Average annual production increased by 16
Slide 17: World’s Largest Hybrid Solar/Thermal Plant
World’s Largest Hybrid Solar/Thermal Plant Essakane Mine, Burkina Faso Commissioned in Q1’18 • 15MWp solar plant + 57MW thermal plant • Approximately 130,000 photovoltaic panels • Decrease fuel consumption by ~6 million litres per year • Reduce annual CO2 emissions by 18,500 tons 16
Slide 18: Essakane – Regional Exploration Targets
Essakane – Regional Exploration Targets Brownfield Success • ~1 Moz of resources delineated at Falagountou West and East, 8 kilometres east Takabangou of Essakane. 2017-2018 Gossey Delineation Drilling Program • Program in progress, initial results confirm saprolite to a depth of 50m Bom- Tin Kodjel
Slide 19: Westwood – Ramping up to Full Production
Westwood – Ramping up to Full Production Quebec (100%) Ramping Up Continues • Production expected to be between 125,000 and 135,000 oz in 2018 with Ramping up to full production planned from two of the six designed mining blocks production by 2020; • Block 3 slated to start up in 2019; Block 4 in 20
Slide 20: Development Pipeline
Development Pipeline Development & Exploration
Slide 21: Côté Gold Project
Côté Gold Project Ontario (64.75%) Key accomplishments since acquisition in 2012 Attributable 64.75% Tonnes Grade Contained Ounces • Completed Prefeasibility Study and initiated Feasibility Study (000) (g/t) (000 Au) • Converted 5.9 Moz (100%) from resources to reserves Probable Reserves1 126,961 0.
Slide 22: Sadiola - Potential to Revitalize Mine
Sadiola - Potential to Revitalize Mine Mali (41%) Sadiola Expansion Project Sulphide Expansion Project • Aligned with partner AngloGold Ashanti Limited to move Sulphide 2015 Technical Report1 Project forward Strip Ratio 3.9 • Discussions with Malian government continue - have not reached resolution
Slide 23: Boto Gold Project
Boto Gold Project Senegal (100%) Pre-feasibility Study Highlights Tonnes Grade Contained Ounces • Mine life of 13.5 years with mill throughput of 2.0Mtpa (000) (g/t) (000 Au) • LOM average annual production of nearly 100,000 oz with Probable Reserves1 26,841 1.64 1,415 higher production in early yea
Slide 24: Diakha-Siribaya
Diakha-Siribaya Mali (100%) Effective Dec 31, 2017 Tonnes Grade Contained (Diakha & Zone 1B) (000) (g/t) ounces Highlights: RPA (000 Au) • Located approximately 10km south along strike Measured & Indicated1,2 2,102 1.9 129 from the Boto Gold Project in Senegal Inferred 19,816 1.7 1,092 • 19.5 km of
Slide 25: Pitangui and Eastern Borosi
Pitangui Brazil (100%) Highlights: • Banded iron formation hosted deposit Tonnes Grade Contained Ounces (000) (g/t) (000 Au) • 25kms from Jaguar’s Turmalina mill 1 Inferred 5,365 4.7 819 • Completed over 2.8km of diamond drilling to expand São Sebastião deposit in Q1’18 • Continuing to test priority
Slide 26: Monster Lake and Nelligan
Monster Lake Quebec (50% JV Interest) Ownership: 50:50 JV with TomaGold, with option to earn up to Tonnes Grade Contained Ounces 100% Basis (000) (g/t) (000 Au) a 75% interest 1 Inferred 1,110 12.1 433 Highlights: • Inferred resources of 433koz (1.1Mt @ 12.14 g/t)1 • Completed 8.3km diamond drilling
Slide 27: Loma Larga – Optionality via Strategic Investment
Loma Larga – Optionality via Strategic Investment Ecuador Project Overview • IAMGOLD owns ~36% of INV Metals (TSX:INV) PFS Highlights1 • PFS has robust economics with after-tax IRR of 26.3%, NPV@5% of US$300.9M, payback of 2.7 years Mine Life ~11 years • Probable Mineral Reserves of 1.86M oz of cont
Slide 28: Projects Support a Clear Growth Strategy
Projects Support a Clear Growth Strategy Targeting 1.2Moz - 1.3Moz/year by 2022, with AISC below $850 ounce Boto Gold Côté Gold Investment Advancing decision to be Westwood towards made development Ramping up production Future Growth Essakane Options Heap leaching Further expansion at Satellite pros
Slide 29: Appendix
Appendix
Slide 30: Saramacca - Resources Constrained by Conceptual Pit
Saramacca - Resources Constrained by Conceptual Pit Pit Optimization Parameters N • Pit slopes: 30 – 45° (sap to fresh) • Metal Recoveries (%): 97 (lat/sap), 76 (trans), 82 (fresh) • Mining: 95% mining recovery, 5% dilution Essakane – Regional Exploration Targets Optimized Pit Shell 29
Slide 31: Saramacca - Exploration Upside
Saramacca - Exploration Upside Location Map (combined Lidar) Rosebel North Trend Rosebel South Trend ROSEBEL MINE Headley’s Reef Concession Saramacca Gold Trend Sarafina Concession 25 km Gold deposits Gold Showings Saramacca Concession Saramacca Deposit 30
Slide 32: Outstanding Derivative Hedge Contracts
1 Outstanding Derivative Hedge Contracts 2018 2019 2020 2021 2022 Foreign Currency Canadian dollar contracts (millions of C$) 161 Contract rate range (C$/$) 1.30 - 1.45 Hedge ratio 72% Euro contracts (millions of €) 62 Contract rate range ($/€) 1.08 - 1.19 Hedge ratio 32% Commodities Brent oil contr
Slide 33: 2018 Production and Cost Guidance
2018 Production and Cost Guidance Full Year Guidance 1 Essakane (000s oz.) 380 – 395 Rosebel (000s oz.) 295 – 310 Westwood (000s oz.) 125 – 135 Total owner-operated production (000s oz.) 800 – 840 Joint ventures (000s oz.) 50 – 60 Total attributable production (000s oz.) 850 – 900 Cost of sales 2 ($
Slide 34: 2018 Capex Outlook
2018 Capex Outlook Full Year Guidance $millions Non- Sustaining1 Sustaining Total4 Essakane $75 $75 $150 Rosebel $45 $85 $130 Westwood $20 $45 $65 Owner-operator $140 $205 $345 Corporate and Development Projects2 – $15 $15 Total owner-operator $140 $220 $360 Sadiola (Joint Venture)3 – $5 $5 Total (±
Slide 35: Technical Information and Qualified Person/Quality Control Notes
Technical Information and Qualified Person/Quality Control Notes The mineral resource estimates contained in this presentation have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The “Qualified Person” responsible for the super
Slide 36: Empowering People, Extraordinary Performance
Ken Chernin Laura Young Martin Dumont VP, Investor Relations Director, Investor Relations Senior Analyst, Investor Relations T: 416-360-4743 T: 416-933-4952 T: 416-933-5783 Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l