Iamgold Corporation · TSX:IMG
Iamgold — CIBC 19th Annual Whistler Institutional Investor Conference 2016
20 slides from Iamgold's conference presentation, Jan 20, 2016
Slide 1: CIBC 19th Annual Whistler Institutional Investor Conference
CIBC 19th Annual Whistler Institutional Investor Conference January 20-23, 2016 Gord Stothart EVP & Chief Operating Officer TSX: IMG NYSE: IAG
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
Slide 3: Geographically Diversified Asset Base
Geographically Diversified Asset Base Four Operating Gold Mines 3
Slide 4: Strong Foundation Enables Adaptability and Flexibility
Strong Foundation Enables Adaptability and Flexibility Strong balance Four producing >$175M cost Robust sheet – approx. gold mines on reductions since exploration $700M in cash & three continents 2013 portfolio bullion Near Term Strategy • Further reduce costs by mine optimization, productivity impr
Slide 5: Disciplined Capital Spending
Disciplined Capital Spending 800 700 $669M 600 500 $ Millions 400 Development / $325M Expansion 300 $250M 1 $230M 1 Sustaining 200 100 0 2013 2014 2015 2016 Guidance Guidance 1 Plus or minus 10% 5
Slide 6: 2016 Capital Expenditure Outlook
2016 Capital Expenditure Outlook 1 Development/ ($ millions) Sustaining 1 Expansion Total (Non-sustaining) Rosebel 50 15 65 Essakane 85 0 85 Westwood 15 65 80 Total gold segments 150 80 230 Corporate & Development Projects2 - 10 10 Total consolidated 150 90 240 Joint ventures 5 5 10 Total 3 (±10%) 1
Slide 7: All-In Sustaining Costs
All-In Sustaining Costs1,2 1,400 All figures in $/oz. sold 1,272 1,221 1,200 1,201 1,194 1,121 3 1,115 1,113 1,076 3,4 1,000 1,021 1,027 3,4 800 600 400 200 ` 0 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Total Cash Costs1,2 Average Realized Gold Price1 1 This is a non-GAAP measure. Refer to the non-GAA
Slide 8: 2016 Production and Cost Guidance
2016 Production and Cost Guidance1,3 1 Guidance Rosebel (000s oz.) 285 – 295 Essakane (000s oz.) 365 – 375 Westwood (000s oz.) 50 – 60 Total owner-operated production (000s oz.) 700 -730 Joint ventures (000s oz.) 70 Total attributable production (000s oz.) 770 – 800 Total cash costs2,3 – owner-opera
Slide 9: Operations Review
Operations Review £IAMGOLD
Slide 10: Westwood – Canada
Westwood – Canada 40 1751 Commercial production July 1, 2014 Thorough review following seismic event on May 26 completed by th 35 1507 1600 internal and external experts › Study reviewed seismic history, stress distribution and mine sequencing 30 1119 › Developed recovery plan for rehabilitation
Slide 11: Essakane – Burkina Faso
Essakane – Burkina Faso 120 1250 Open-pit mine in 5th year of production; 10 years remaining 1149 April 2015 – updated resource estimate at Falagountou increased indicated resources by 84% to 613,000 oz. and grade by 10% to 1022 1.5 g/t Au 100 988 955 1000 › Expected to extend Essakane’s peak pr
Slide 12: Rosebel – Suriname
Rosebel – Suriname 100 1250 Multiple open-pit mine 1104 1111 Produced ~4 million ounces in first 11 years 90 1048 1037 Hard rock comprises ~32% of ore mix and will increase to 80% by 2018 80 1000 916 Joint venture with Government of Suriname to target 70 higher-grade, softer rock › >$0.11/kW
Slide 13: Sadiola – Mali
Sadiola – Mali 25 1200 1077 1100 Open-pit mine has produced 7M oz. over 20 years Decline in cash costs for 2015 due to lower fuel and consumable prices and favourable FX rates 20 914 1000 RC drilling program testing oxide targets; encouraging results Potential to continue mining and milling
Slide 14: Exploration Review
Exploration Review # IAMGOLD
Slide 15: Monster Lake (Quebec) – JV with TomaGold
Monster Lake (Quebec) – JV with TomaGold • October 30, 2015 - Amended earn-in option agreement with TomaGold › Acquired 50% interest in exchange for C$3.2M cash payment Monster Lake › Option to increase interest to 75% with further C$10M in exploration expenditures by 2021 • June 25, 2015 - Highligh
Slide 16: Siribaya (Mali) – JV with Merrex Gold
Siribaya (Mali) – JV with Merrex Gold Fekola -B2Gold • Focused on Diakha prospect - extension of trend 4.3Moz @ 2.16 g/t Au* hosting Boto Gold deposit Boto-Malikoundi • Highlights from infill delineation drilling Mali 1.2Moz @ 1.7 g/t Au** Guinea completed in H1/15 include: › 34 m at 11.99 g/t Au, i
Slide 17: Boto Gold Project (Senegal)
Boto Gold Project (Senegal) • Estimated indicated resource of 1.2 M oz at 1.7 g/t Au and inferred resource of 0.64 M oz at 1.8 g/t Au Deposit • Infill drilling at Malikoundi deposit completed Q2/15 Open • July 20, 2015 - Final 2015 assay results reported include: › 36 m at 3.59 g/t Au, including 7 m
Slide 18: Pitangui Project (Brazil)
Pitangui Project (Brazil) • April 2014 – maiden inferred resource estimate of 0.64 M oz at 4.88 g/t Au • Assay results highlights reported July 7, 2015: › 11.9 m at 6.84 g/t Au, including 3.5 m at 17.02 g/t Au › 7.6 m at 9.78 g/t Au and 4.4 m at 16.56 g/t Au › 7.4 m at 8.12 g/t Au > 40M oz. historic
Slide 19: Eastern Borosi (Nicaragua) – JV with Calibre Mining
Eastern Borosi (Nicaragua) – JV with Calibre Mining • Drilling program in 2015 focused on further testing discoveries from 2014 as well as exploring additional vein systems • Q3/15 received final assay results from diamond drilling in Q2/15 • May 6, 2015 – Blag vein system drilling1: Bonanza E. Boro
Slide 20: Thank you
Thank you TSX: IMG NYSE: IAG
IAMGOLD — CIBC 19th Annual Whistler Institutional Investor Conference 2016 on 6ix