Iamgold Corporation · TSX:IMG
Iamgold — Shareholder Meeting (2006)
48 slides from Iamgold's shareholder meeting presentation, 2006
Slide 1: IAMGOLD
IAMVISION IAMGROWTH IAMVALUE IAMGOLD
Slide 2: Welcome to IAMGOLD's Annual Meeting
Welcome to IAMGOLD’S Annual Meeting
Slide 3: Cautionary Statements
IAMVISION IAMGROW TH IAMVALUE IAMGOLD Cautionary Statements Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995 Certain statements in this document constitute "forw ard looking statements" within the meaning of Section 27A of the US Securities Act of 1933 a
Slide 4: Bill Pugliese, Chairman
Bill Pugliese Chairman
Slide 5: Annual General Meeting 2005
2005 ANNUAL GENERAL MEETING
Slide 6: Annual General Meeting
SS (@) IAMGOLD CORPORATION re ya\ aya
Slide 7: Financial Statements and Report of the Auditors
Financial Statements and Report of the Auditors
Slide 8: Amendment to the Articles
Amendment to the Articles
Slide 9: Amendment to the Articles
Amendment to the Articles To increase the maximum number of directors of the Corporation from 10 to 12
Slide 10: Nomination and Election of Directors
Nomination and Election of Directors
Slide 11: Director nominees
• William Pugliese • Derek Bullock • Donald Charter • Joseph Conway • Robert Dengler • Stephen Freedhoff • Mahendra Naik • Robert Quartermain • John Shaw • John Caldwell • Peter Jones
Slide 12: Annual General Meeting
SS (@) IAMGOLD CORPORATION re ya\ aya
Slide 13: Appointment of the Auditors
. p aC. be of! oR Ap pointment Eth che Auditors ‘ ‘ 4 os ‘
Slide 14: IAMGOLD
IAMVISION IAMGROWTH IAMVALUE IAMGOLD
Slide 15: Chairman's Report
IAMVISION IAMGROW TH IAMVALUE Chairman’s Report IAMGOLD
Slide 16: IAMPRODUCTION
Chairman’s Report IAMPRODUCTION
Slide 17: IAMEXPLORATION
IAMEXPLORATION
Slide 18: IAMOPERATIONS
IAMOPERATIONS
Slide 19: Chairman's Report: Mupane and Buckreef
IAMVISION IAMGROW TH IAMVALUE Chairman’s Report IAMGOLD Mupane - Botswana Buckreef – Tanzania
Slide 20: IAMOPERATIONS
IAMOPERATIONS
Slide 21: IAMCOMMUNITY IAMSAFETY IAMENVIRONMENT
IAMVISION IAMGROW TH IAMVALUE Chairman’s Report IAMGOLD IAMCOMMUNITY IAMSAFETY IAMENVIRONMENT
Slide 22: Chairman's Report
IAMVISION IAMGROW TH IAMVALUE Chairman’s Report IAMGOLD
Slide 23: IAMVISION
IAMGOLD is an established mid-tier gold company with a clean balance sheet and significant cash resources. We have proven financial and technical skills. IAMVISION
Slide 24: Joseph Conway, President & CEO
Joseph Conway President & CEO
Slide 25: 2005 in Review – 1H
IAMVISION IAMGROW TH IAMVALUE IAMGOLD IAMVISION IAMPROGRESS IAMGROWTH IAMRESPONSIBLE IAMVALU E IAMVISION IAMPROGRESS IAMGROWTH IAMRESPONSIBLE IAMVISION 2005 in Review – 1H • Quimsacocha – Mineralization continued – strong drill results – Zones linked • Positive decision on pit cutback at Damang • In
Slide 26: 2005 in Review – 2H
IAMVISION IAMGROW TH IAMVALUE IAMGOLD IAMVISION IAMPROGRESS IAMGROWTH IAMRESPON SIBLE IAMVALUE IAMVISION IAMPROGRESS IAMGROWTH IAMRESPONSIBLE IAMVISION 2005 in Review – 2H • Expansion of Management Expertise • Sale of Royalties • Quimsacocha – Continued strong drill results – Initial resource estima
Slide 27: Stock Performance – 1 Year
IAMVISION IAMGROW TH IAMVALUE IAMGOLD IAMVISION IAMPROGRESS IAMGROWTH IAMRESPONSIBLE IAMVALUE IAMVISION IAMPROGRESS IAMGROWTH IAMRESPONSIBLE IAMVISION Stock Performance – 1 Year 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% -20.0% 1/3/05 2/3/05 3/3/05 4/3/05 5/3/05 6/3/05 7/3/05 8/3/05 9/3/0
Slide 28: Stock Performance – Long Term
IAMVISION IAMGROW TH IAMVALUE IAMGOLD IAMVISION IAMPROGRESS IAMGROWTH IAMRESPONSIBLE IAMVALUE IAMVISION IAMPROGRESS IAMGROWTH IAMRESPONSIBLE IAMVISION Stock Performance – Long Term 400% 350% 300% 250% 200% 150% 100% 50% 0% -50% Jan-01 Jul-01 Jan-02 Jul-0 2 Jan-03 Jul-03 Jan-04 Jul- 04 Jan-05 Jul-05
Slide 29: Financial Performance: Net Earnings
IAMVISION IAMGROW TH IAMVALUE IAMGOLD Financial Performance Net Earnings 22,500 17,500 Q4 12,500 Q3 Q2 $000 Q1 7,500 2,500 -2,500 2001 2002 2003 2004 2005 2006
Slide 30: Financial Performance: Revenue Growth
Financial Performance Revenue Growth 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 2001 2002 2003 2004 2005 2006 Q1 Q2 Q3 Q4
Slide 31: Operational Performance – Overview
IAMVISION IAMGROW TH IAMVALUE IAMGOLD Operational Performance – Overview Total IMG Production 600 500 400 300 200 100 0 2000 2001 2002 2003 2004 2005 2006E Sadiola Yatela Tarkwa Damang Mupan e
Slide 32: Production Mali
Production Mali Yatela Gold Mine Sadiola Gold Mine Bam ako
Slide 33: Production Mali – Sadiola
Production Mali – Sadiola • 38% IAMGOLD Sadiola - IMG Attributable prodcution & costs • 2005 production - 442,000 ozs @ 250 $350 $270 /oz $300 200 $250 2006 150 $200 0 0 0 oz s • Focus on optimization of 100 $150 $100 Sadiola Deeps Pre-feasibility 50 $50 • Production – 480,000 ozs 0 $0 • Costs - $30
Slide 34: Production Mali - Yatela
Production Mali - Yatela Yatela - IMG Attributable production & costs • 40% IAMGOLD • 2005 production - 245,000 ozs 140 $300 @ $269 /oz 120 $250 100 $200 2006 80 $150 • Pit deepening to extend life 60 $100 40 • Production – 290,000 ozs $50 20 • Costs - $250 /oz - $- Mine Life – 3+ years 2001 2002 20
Slide 35: Production Ghana
Production Ghana Damang Gold Mine Mineralized Trends Tarkwa Gold GHANA Mine Accra
Slide 36: Production Ghana – Tarkwa
Production Ghana – Tarkwa Tarkwa - IMG Attributable production & costs • 2005 production – 725,000 ozs @ $268 /oz 160 $350 140 $300 120 $250 2006 100 $200 000 ozs • Decision on 2nd phase mill 80 $150 expansion expected 60 40 $100 • Production – 750,000 ozs 20 $50 • Costs - $305 /oz - $- Mine Life –
Slide 37: Production Ghana - Damang
Production Ghana - Damang Damang - IMG Attributable production & costs 70 $400 • 2005 production – 229,000 ozs @ 60 $350 $247 /oz 50 $300 $250 40 0 0 0 's oz 2006 $200 30 • Production – 205,000 ozs $150 20 $100 • Costs - $365 /oz 10 $50 Mine Life – 5+ years - $- 2002 2003 2004 2005 2006E Production
Slide 38: 2006 – Yatela / Sadiola
2006 –Yatela / Sadiola Yatela • Positive decision on the pit cut back – Increases recoverable ounces by 350,000 ozs at $475 /oz gold price – Adds 15 months of production • Potential further increases using a higher gold price Sadiola • Deep Sulphides – initial results from the pre-feasibility disapp
Slide 39: 2006 – Tarkwa / Damang
2006 – Tarkwa / Damang Tarkwa • Focused on operating costs and throughput improvement • CIL mill expansion feasibility study - Q4 2006 - Expansion to double mill capacity Damang • Exploration focus along strike and below current pit • Pit cut back continues 15% ahead of schedule
Slide 40: 2006 – Mupane
2006 – Mupane IAM PROGRESS • Disappointing first quarter • Initiatives for 2006 – Optimize existing operation – Evaluate the potential at depth – Add production from satellite deposits • Production – 2006FY 88,000 ozs – Estimated costs for Q2-Q4 - $330 /oz
Slide 41: Development/Exploration
IAM GROWTH Development/Exploration • Track record of exploration success (Sadiola, Deep Sulphides, Quimsacocha) • Total 2006 Budget: Approx. $20 million • Excludes mine site exploration • Quimsacocha exploration – $10M
Slide 42: Buckreef - Tanzania
IAM PROGRESS Buckreef - Tanzania • 212 km 2 land position in the emerging and prolific Tanzanian greenstone belt • 2004 scoping study (based on 50% of current resources): – 140,000 oz annual production (100% basis) – capex of US$55 million – life of mine (LOM) cash costs of US$260/oz • Feasibility s
Slide 43: Buckreef - Tanzania Resources
IAM PROGRESS Buckreef - Tanzania Resources – 100% Measured & Indicated 731,000 oz 10.4 million tonnes @ 2.2g/t Inferred 949,000 oz 16.8 million tonnes @ 2.7 g/t Ownership 75 - 80% * Resources as of November 30, 2005
Slide 44: Quimsacocha Update
Quimsacocha Update • IAMGOLD discovery / 100% owned • Resource base continues to grow – Initial resource (October 2005) • 2.8m ounces – 75 diamond drill holes completes post October • Expanding community and government relations activities • Environmental studies ongoing
Slide 45: Quimsacocha Preliminary Assessment
Quimsacocha Preliminary Assessment • Preliminary Assessment by SRK Consultants released May 11, 2006 • Mining options economically viable ($400 au, $1.50 cu, $5.50 ag) Open Pit Underground Capital Cost (millions) $ 264 $ 137 Annual Production Au 281,159 203,186 Ag 810,332 588,382 Cu 3,398 2,361 Pre
Slide 46: 2006 Overview
IAMVISION IAMGROW TH IAMVALUE IAMGOLD 2006 Overview • Production 2006F – 550,000 @ $300 • Completed sale of royalties – Q1 • Completed acquisition of Gallery Gold – Q1 • Scoping study for Quimsacocha completed – Q2 • Update of Buckreef resource – Q2 • Quimsacocha resource update – Q4 • Tarkwa decisi
Slide 47: Beyond 2006
IAMVISION IAMGROW TH IAMVALUE IAMGOLD Beyond 2006 Buckreef • Production decision expected – 1H 2007 – Commercial production expected to commence 2008 Quimsacocha • Pre Feasibility – 1H 2007 • Feasibility – 2008 • Commercial production to commence – 2009 1, 000 5 00 0 2006E 2 007E 20 08E 200 9E Exist
Slide 48: IAMGOLD
IAMVISION IAMGROWTH IAMVALUE IAMGOLD