Slide 1: Maximizing Returns for Investors
Maximizing Returns for Investors November 2012 Steve Letwin President & CEO TSX: IMG NYSE: IAG
Slide 2: Cautionary Statement
Cautionary Statement This presentation contains forward-looking statements. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements rega
Slide 3: IAMGOLD's Platform – High Quality, Long-Life Assets
IAMGOLD’s Platform – High Quality, Long-Life Assets YATELA SADIOLA Senegal ESSAKANE Mali Boto Westwood Siribaya NIOBEC Burkina Faso Kalana Val d’Or Suriname MOUSKA Colombia Côté Gold ROSEBEL Peru MINE Brazil Development Project Advanced Exploration Exploration Office Natural extensions with signific
Slide 4: The Transformation of IAMGOLD – Financials
The Transformation of IAMGOLD – Financials Cash & Cash Equivalent: Cash & Cash Cash balances $897M Equivalents: $271M Strengthen enhanced through balance sheet sale of non-strategic Gold Bullion (at market): Gold Bullion (at market): $239M assets $141M Credit Facility: $350M Exploited solid Avai
Slide 5: The Transformation of IAMGOLD – Operations
The Transformation of IAMGOLD – Operations Sold Tarkwa & Damang interests and Mupane Focus on assets Rosebel Sadiola Rosebel Sadiola in 2011 we own and Essakane Yatela Essakane Yatela operate Mouska Tarkwa Acquired Côté Gold in Mouska/Westwood Mupane Damang June 2012 Côté Gold Expand Niobec to
Slide 6: Balanced Growth via Expansion, New Development and M&A
Balanced Growth via Expansion, New Development and M&A (attributable to IAMGOLD) Westwood begins 1,400-1,600 production in 2013 Impact of Brownfield expansion begins 875-950 2014 - 2015 Discontinued operations 76 840-910 896 Côté Gold begins 000s oz production 2017 // 2011A 2012E 2013E 2017E 6
Slide 7: History of Creating Significant Value
History of Creating Significant Value Acquisitions from 2003-2012 Côté Gold (2012) Essakane (2009) Rosebel (2006) Doyon / Mouska / Westwood (2006) Niobec (2006) Mupane (2006) Tarkwa & Damang (2003) 2012 Analyst consensus NAV of $7.0B assets acquired by Prospective exploration lands IAMGOLD (as at Se
Slide 8: Essakane – Expanding Mine Capacity
Essakane – Expanding Mine Capacity Development study completed in 2011 Attributable Grade Hard rock processing – from 5.4 to 10.8Mtpa Tonnes Contained As at December 31, 2011 (g/t Au (millions) Ounces undiluted) Mining rate – increase to 50-55 Mtpa by (000s oz) 2014, with gradual decline after 6 yea
Slide 9: Essakane Exploration Focus
Essakane Exploration Focus 210,000+ m of drilling in 2012 • Large strategic land position: 1,283 km2 • Main Zone (EMZ) & Falagountou resource development program (47,000 m) • Numerous prospects and geochemical anomalies identified (10 km Gossey-Korizena trend) 9
Slide 10: Rosebel – Staged Expansion of Hard Rock Processing
Rosebel – Staged Expansion of Hard Rock Processing Hard rock will increase from Attributable 15% to 80% by 2016 Tonnes Grade Contained As at December 31, 2011 (millions) (g/t) Ounces Investing in additional crushing (000s oz) and grinding equipment to maintain Proven Reserves 102.4 1.0 3,155 mill th
Slide 11: Good Expansion Potential at Rosebel
Good Expansion Potential at Rosebel ROSEBEL Suriname Rosebel resources Areas being considered for next expansion: Charmagne West Charmagne Headley’s Reef Announced Heads of Agreement with Government of Suriname in 2011 Definitive agreement expected by end of 2012 Focused on bringing in satellite res
Slide 12: Sadiola – Expansion in Main Pit
Sadiola – Expansion in Main Pit Attributable Tonnes Grade Contained IAMGOLD initiated project to As at December 31, 2011 (millions) (g/t) Ounces increase throughput and (000s oz) production Proven Reserves 10.4 2.1 280 Mining hard sulphide ore beneath Probable Reserves 96.7 1.6 2,018 oxide zone in m
Slide 13: Westwood Development
Westwood Development Grade Contained Tonnes Classification (g/t Au Ounces (millions) undiluted) (000s oz) Indicated Mineral Resource1 0.2 8.5 60 (Warrenmac) Indicated Mineral Resource1 0.6 13.8 248 (Zone 2 Westwood) Inferred Mineral Resource 9.4 11.3 3,407 Significant infrastructure Total Recovered
Slide 14: Côté Gold – Indicated Resource Increases 274% with Updated Mineral Resource Estimate
Côté Gold – Indicated Resource Increases 274% with Updated Mineral Resource Estimate Mineral Resource Estimate Effective October 4, 2012 October 4th resource estimate reports 274% increase in Tonnes Grade Contained Ounces indicated resource (millions) (g/t) (million ozs) Percentage of resource in in
Slide 15: Côté Gold – Well Established Infrastructure
Côté Gold – Well Established Infrastructure ENERGY 35 km to 115 kV power line Timmins Rail 70 km to 500 kV transmission line Roads Favouring 230 kV line from Timmins Power lines ROAD 500 kV CN Rail Close to Hwy 144, 130 km to Timmins, 101 Power line 170 km to Sudbury Côté Gold 144 Chapleau Property
Slide 16: Côté Gold – Recent Drill Hole Assay Results
Côté Gold – Recent Drill Hole Assay Results E12-198: 19.0 m @ 1.55 g/t Au from 223 m E12-190: 237 m @ 1.61 g/t Au from 377 m & 69 m @ 1.70 g/t Au from 584 m E12-192: 383 m @ 1.54 g/t Au from 204 m Including 285m @ 1.91g/t Au E12-205: 454 m @ 1.46 g/t Au from 139 m 16
Slide 17: Mineral Resource: Economic & Technical Parameter Assumptions
Mineral Resource: Economic & Technical Parameter Assumptions Conceptual Pit Shell: Gold Price: $1600/oz Selling cost: $20/oz Recovery: 93.5% Processing: $10.50/t Mining: $1.75/t ore and $1.90/t waste with $0.013/10m bench cost escalator Pit slope angles: 42º Au g/t Discount rate: 6% 200m Section 930
Slide 18: Côté Gold – Effective Grade Makes a Compelling Project
Côté Gold – Effective Grade Makes a Compelling Project In g/t Au Reported Grade 1.8 African projects With Power North American projects 1.6 Rate South American projects for in-situ, less recovery & Effective Grade - Adjusted Adjustment 1.4 1.2 royalties 1.03 1.0 0.86 .95 .80 0.8 0.6 0.4 0.2 0.0 1 2
Slide 19: Capital Development Projects - Development Timeline
Capital Development Projects - Development Timeline 2011 Estimated 2012 2013 2014 2015 2016 2017 2017 Attributable Operation Production Attributable (000oz) H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 Production (000oz) Mine optimization - expansion of crushing Rosebel & grinding capacity Staged Expansion o
Slide 20: Balanced Geographic Portfolio
Balanced Geographic Portfolio Gold Production 3% 36% North North America America 54% 35% Africa Africa 43% South 29% America South America 20111 20172,3 Gold Mineral Resources 35% 18% North North America 40% America 32% Africa Africa 33% 42% South South America America 20114 20125 Source: Company di
Slide 21: 2012 Exploration Program
2012 Exploration Program 2012 Exploration Plan Greenfields $79.6M $157.3M Brownfields $77.7M Mali Quebec Ontario Senegal Burkina Colombia Suriname Faso Peru Brazil 20 projects various stages Planned drilling: 750 km (core and RC drilling across 20 early to late stage exploration projects and the Com
Slide 22: Niobec
Niobec Key Metrics of the Niobec Expansion Pre-Feasibility Study under the Block Cave Scenario Tonnes Grade Contained Nb2O5 Classification (millions) (%Nb2O5) (million kgs) Probable Reserves 419.2 0.42% 1,746 Measured Mineral Resource1 235.3 0.44% 1,028 Indicated Mineral Resource1 250.2 0.39% 986 In
Slide 23: Significant Rare Earth Inferred Resource
Significant Rare Earth Inferred Resource Rare earth element (REE) zone 467 Million tonnes- Total Inferred Resource (NI-43-101) REE Zone 1.65%- Total Rare Earth Oxide (TREO) Grade 7.7 Bkg-TREO 98% Light REEs, including › Cerium (47.9%) › Lanthanum (24.5%) Niobec › Neodymium (18.4%) Shaft 2% Heavy REE
Slide 24: Speed to Market Advantage
Speed to Market Advantage Rare Earth Element Zone Adjacent to Niobec St-Honoré N Existing road and rail infrastructure NIOBEC Saguenay Port Close proximity to deep water ports Rail Line with ocean access Very competitive hydro power rates (~$0.045 per kWh) QUEBEC Excellent community relations Mini
Slide 25: Excellent Financial Position with Cash Flow Growth
Excellent Financial Position with Cash Flow Growth Significant Liquidity Strong balance sheet with $1,886 250 ample liquidity Available Niobec facility 500 Sufficient liquidity / cash Available credit $millions flow to fund development 239 Bullion at market value of projects 650 Senior Notes Sizeabl
Slide 26: Growth Strategy
Growth Strategy Expand and optimize existing mines Increase productivity Pursue exploration plays Evaluate acquisition opportunities Surface full value of Niobec Exploit rare earth potential Focused on maximizing return on capital 26
Slide 27: Appendix
Appendix TSX: IMG NYSE: IAG
Slide 28: Key Milestones
Key Milestones Essakane Expansion July ‘12: Commenced construction of expanded plant Q1’14: Plant commissioning Rosebel Expansion Temporary pre-crusher installed Q3’12: Larger pebble crusher to be installed Expanded gravity circuit completed End of 2012: Expect signed definitive agreement re: satell
Slide 29: Key Milestones
Key Milestones Sadiola Sulphides Expansion Q2’12: Signed final agreement on fiscal and power terms with Malian gov’t (details of Power Purchase Agreement under negotiation) Waiting final signature of Malian power utility and approval by AngloGold Board End of 2014: Expect start-up of new plant Westw
Slide 30: Key Milestones
Key Milestones Niobec Expansion Q3’13: Complete feasibility study 2014: Finalize permitting process REE Development Q4’12: Commence pre-feasibility study Early 2013: Complete exploration drift from Niobec 30
Slide 31: 2012 Greenfields Exploration: West Africa
2012 Greenfields Exploration: West Africa West Africa Office Total Exploration Plan: $64.4M Greenfields: $28.6M Brownfields: Drilling: $35.8M 165,500 m Drilling: 204,000 m 31
Slide 32: Mali: Kalana Project
Mali: Kalana Project Resource Estimate Dec. 2008 Estimate (Avnel) Measured and Indicated 2.07 Mt @ 9.9 g/t Au (650,000 contained oz Au) IAMGOLD Resource Target – 2 Million ounces gold Targeting completion of NI 43-101 resource estimate by end 2012 95% complete with significant assay backlogs Mineral
Slide 33: 2012 Exploration: South America
2012 Exploration: South America Suriname Colombia Total Exploration Plan: ROSEBEL $37.5M Quimsacocha Peru Greenfields: Brownfields: $15.0M $22.5M Brazil Drilling: Drilling: 16,000 m 108,000 m MINE Development Project Exploration Office 33
Slide 34: 2011 Acquisition of Exploration Interests in Colombia
2011 Acquisition of Exploration Interests in Colombia Recent acquisitions of interest in companies active in Colombia: Bellhaven Copper & Gold Superior grade Au-Cu porphyry A1.5 Moz Aueq Inferred resource in La Cantera deposit A second discovery in the Middle Zone Multiple untested magnetic anomalie
Slide 35: Canada: 2012 Exploration
Canada: 2012 Exploration OPERATING MINE Total Exploration Plan: Development Project $55.4M Exploration Office › 3 key greenfields projects on major trends in the Abitibi › Earn-In Option signed with Virginia Mines on Lac Pau › Renewed focus on growth in Quebec-Ontario Greenfields: $36.0M Brownfields
Slide 36: Niobium: Rare Metals with Unique Properties
Niobium: Rare Metals with Unique Properties Using niobium to enhance steel has many benefits: Adds strength Lightens weight Enhances flexibility Improves durability Reduces costs Niobium is used to produce high-quality steel 36
Slide 37: Rare Earths are Integral to a Wide Range of Fast Growing Markets
Rare Earths are Integral to a Wide Range of Fast Growing Markets REO Usage by Industry (2010E) Phosphorous 6% Other Glass 4% Additives 6% Magnets Auto 25% Catalysts 7% Metallurgy, excl. batteries 9% Fluid Cracking Catalysts Polishing 15% Powder 14% Battery Alloy 14% Demand for REEs Growing at 9-15%
Slide 38: Management Team
Management Team Bob Carreau Senior Vice President, Health, Safety & Sustainability Steve Letwin President & Chief Executive Officer Benjamin Little Senior Vice President, Corporate Affairs Craig MacDougall Senior Vice President, Exploration Gordon Stothart Denis Miville-Deschênes Executive Vice Pres
Slide 39: Maximizing Returns for Investors
Maximizing Returns for Investors November 2012 401 Bay Street, Suite 3200 Toronto, ON M5H 2Y4 Canada 1-888-464-9999 www.iamgold.com INVESTOR RELATIONS Bob Tait, VP Investor Relations T: 416 360 4743 C: 647 403 5520 Laura Young, Director, Investor Relations T: 416 933 4952 C: 416 670 3815 TSX: IMG NY