Iamgold Corporation · TSX:IMG
Iamgold — Investor Day (2009)
27 slides from Iamgold's investor day presentation, 2009
Slide 1: Canada: Operations, Development Projects, Exploration
1 CANADA Operations Development Projects Exploration
Slide 2: Doyon Division: Record Gold Production
2 Doyon Division CANADA Record Gold Production OPERATIONS 2008 production 118,000 ounces Acquisition of royalty reduced costs by $31 per oz $9.9 million capex in 2008 Mouska mine 5 of last 7 months at Triple “0” for safety IMG Ownership 100% 2009 OUTLOOK Doyon mine originally scheduled to
Slide 3: Doyon Division Strategic Initiatives
3 Doyon Division CANADA Strategic Initiatives Doyon: Safe completion of underground mine Maximize profitable extraction of resources while maintaining a minimum production rate Support of Westwood project through provision of overheads and services Planning and execution of mine reclamation
Slide 4: Niobec Mine: High Margin, Long Life Asset
4 Niobec Mine QUEBEC High Margin, Long Life Asset OPERATIONS • Continues to provide significant cash flow to fuel growth strategy (15-20% of overall Corporate operating cash flow) • 2008 Reserves increased 36%, Inferred Resources increased 72% • Operating margin continues strong IMG Ownership 100%
Slide 5: End uses of Niobium
5 Niobec Mine QUEBEC End uses of Niobium Steel Industry • High Strength Low Alloy (HSLA) steel (micro-alloy) 61 kt • Enhances steel strength • Automobile, Pipeline and Structural 24% Stainless & Heat Resistant Steels Other iron & steel products Pipe • Drill pipe & well casing 24% Automobile Fe
Slide 6: World FeNb Increase in Usage
6 Niobec Mine QUEBEC World FeNb Increase in Usage g FeNb/t steel (‘000 t) Steel 70 65g/t 1450 62g/t 65 1350 60 57g/t 1250 FeNb Intensity 55 1150 50 Steel Production 1050 45 950 40 35 850 30 750 2000 2001 2002 2003 2004 2005 2006 2007 2008 Nb Actuals: Compilation (by IAMGOLD) of Export data and Brazi
Slide 7: Ferroniobium Market
7 Niobec Mine QUEBEC Ferroniobium Market SUPPLY • 2008 Market: 87,000 t of FeNb • Oligopoly dominated by private Brazilian producer, CBMM ~80% • 2nd phase expansion program at CBMM on hold in current economic climate • No new greenfields projects in the pipeline • Desire by steel producers to avoid
Slide 8: World Consumption Forecasts (FeNb)
8 Niobec Mine QUEBEC World Consumption Forecasts (FeNb) Forecasts 1600 145000 2010 : Growth 15 % 1500 125000 1400 20% reduction M t Steel 1300 t FeNb 105000 Consumption 1200 85000 FeNb 1100 Consumption 65000 1000 900 45000 82-93 : Growth 0.2% Crude Steel 800 25000 Production 700 5000 600 82 84 86 88
Slide 9: Paste Backfill Project
9 Niobec Mine QUEBEC Paste Backfill Project Upper levels of the Niobec mine (Levels 1, 2, & 3), longhole open stoping without backfill • Ore grade rock is permanently left behind as pillars to support open voids; extraction has been ~50% of avail. ore Lower block 4(Levels 4, 5, & 6) have increas
Slide 10: Mill Expansion Project
10 Niobec Mine QUEBEC Mill Expansion Project Niobec avg. mill throughput currently 210 tonnes per hour. New hoist in 2007-08 designed hoisting capacity of 260 t/hr • Mining of lower block provides opportunity increase the mine production capacity to match the shaft capacity. 4 to increase the mi
Slide 11: Niobec Strategic Priorities
11 Niobec Mine QUEBEC Strategic Priorities Improve safety record within the mine department • Pilot program on supervisory safety management and worker physical conditioning Execute the significant capital projects as budgeted and scheduled • Rigorous control of the change management process to
Slide 12: Westwood: Long Life, Low Cost, Under Construction
Westwood QUEBEC Long Life, Low Cost, Under Construction
Slide 13: Westwood Location
13 Westwood QUEBEC Location Westwood Mouska Mic Mac Mooshla A/B Doyon Warrenmac Ellison Bousquet Bousquet La Ronde Penna La Ronde 1 2 1 Shaft 2 1.7 Moz Au 1.4 Moz Au 14 kms
Slide 14: Westwood: Long Life, Low Cost
14 Westwood QUEBEC Long Life, Low Cost PROJECT OVERVIEW • Well established mining camp with several multi-million ounce gold deposits • Inferred Resources of 3.4 million oz at 11.4 g/t • Estimated average annual gold production of 200,000 oz per year for 15+ years • Utilizes Doyon Division 3,500 t
Slide 15: Westwood Capital Budget
15 Westwood QUEBEC Capital Budget Spent to Project (in millions) Date Total General Mine Services 95.1 Development 101.6 Diamond Drilling 29.3 Shaft 54.9 Immobilisation 27.2 Construction 84.0 Technical Services 2.0 Indirect Costs 0.6 Total 62.1 394.6
Slide 16: Resource Update as of June 22, 2009
16 Westwood QUEBEC Resource Update as June 22, 2009 Updated with additional drilling information since July 2008 (65,270m) Current drill database = 173,545m 42 lens in three mineralized corridors (13 new lenses discovered since July 2008) Usually gold mineralization is contained within 0.1 t
Slide 17: Resources at June 22, 2009
17 Westwood QUEBEC Resources at June 22, 2009 Tonnage Grade Au (000) (g/t) (000 oz) June 22, 2009 Indicated Resources 408 7.5 98 Inferred Resources 9,352 11.4 3,431
Slide 18: Inferred Resources by Cut-off
18 Westwood QUEBEC Inferred Resources by cut-off Ore zones : Minimum Width = 3m Ore zones : Minimum Width = 3m Ore zones : Minimum Width = 2m June 2007 July 2008 June 2009 Cut-off Grade Ounces Grade Ounces Grade Ounces Tonnes (000's) Tonnes (000's) Tonnes (000's) g/t Au g/t Au contained g/t Au conta
Slide 19: Westwood Construction Update
19 Westwood QUEBEC Construction Update Updated scoping study Shaft raise bore completed in March 2009 Shaft sinking has commenced and 38m of shaft were completed to date. Headframe construction substantially completed Q1 2009 drilling of 20,000m The 6.7 meters diameter ventilation shaft
Slide 20: Zone Extension
20 Westwood QUEBEC Zone 2 Extension W Westwood Project E Doyon Mine Composite Longitudinal Section A-A’ of Zone 2 Extension 5000 m Main Pit Zone 1 S01307-08 S01337-08 S01333- 08 S01339-08 S01335-08 S01332-08 S01307A-08 S01336-08 S01324-08 S01297-08 1124-08ext S01321-08 S01334-08 873-08ext S01319-08
Slide 21: North Corridor
21 Westwood QUEBEC North Corridor W Doyon Mine Westwood Project E Composite Longitudinal Section B-B’ of 5000 m S 01337-08 S01335-08 Main Pit S01334-08 S 01307-08 S01333-08 S01336-08 S01319-08 S01324-08 S01307A-08 S01332-08 S01339-08 S01297-08 Zone 1 873-88Ext S01318-08 S01341-09 S01320-08 1124-08Ex
Slide 22: Westwood Corridor
22 Westwood QUEBEC Westwood Corridor Westwood Project W Doyon Mine Composite Longitudinal Section C-C’ of Westwood Corridor E 5000 m S01336-08 Main Pit S01307-08 S01324-08 S01297-08 873-88Ext S01318-08 S01309-08 S01341-09 S01339-08 S01321-08 S01320-08 Zone 1 S01325-08 S01322-08 S01340- 09 S01298-08
Slide 23: Westwood Project Pipeline
23 Westwood QUEBEC Project Pipeline Production begins in early 2013 2009 2010 2011 2012 2013 2014 2015 2009 2010 2011 2012 2013 2014 2015 Upper Mine Lower Mine
Slide 24: Headframe
24 Westwood QUEBEC Headframe May 2009 June 2009 April 2009
Slide 25: Site
25 Westwood QUEBEC Site
Slide 26: 2009 Goals
26 Westwood QUEBEC 2009 Goals Drilling 73,500m Complete shaft raise boring (840m by March) Start shaft sinking in June (500m by year end) Ventilation raise 6m diam. by year end Development work will 2,000m horizontal development Drift trough Bousquet fault Additional 5,000 tonnes bulk
Slide 27: IAMGOLD Head Office and Investor Relations Contact
IAMGOLD Head Office Investor Relations Contact 401 Bay Street, Suite 3200, PO Box 153 TAMARA BROWN Toronto, Ontario, Canada M5H 2Y4 Director, Investor Relations T 416 360 4710 F 416 360 4750 T 416 360 4743 F 416 360 4750 W www.iamgold.com E info@iamgold.com E tbrown@iamgold.com