Slide 1: IAMGOLD Q1 2017 Results
IAMGOLD Q1 2017 Results May 10, 2017 Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l
Slide 2: Management Participants
Management Participants Steve Letwin President & Chief Executive Officer “counties tanaavaieantrehat opening oe nnn reece tectum nnn “seu even coves, tse inninnaninniiniiinininnaennt _. tan scent nner, snes prtepnen enn Ken Chernin Vice President, Investor Relations HIAMGOLD’ 1
Slide 3: Cautionary Statement
Cautionary Statement 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 statements of historical fact, const
Slide 4: Q1 2017 Highlights
Q1 2017 Highlights Gross profit rose 438% Net operating cash flow increased by 33% Gold production up 12% with Westwood’s production doubling Attributable gold production of 214,000 oz All-in sustaining costs of $992/oz Strengthened capital structure Long-term debt 37% lower than a yea
Slide 5: Long-Cycle Capacity and Short-Cycle Capacity
Long-Cycle Capacity (Base load production) Short-Cycle Capacity (Just-in-time-delivery) SSP Saramacca ¢ Sarafina Coté Gold ¢ Boto Overman ¢ Falagoutou ¢ ESK Heap ¢ Sirilbaya ¢ Pitangui Leach ¢ ESK O2 Plant | a | ~ Na * Small quanta of investment + Capital Intense projects * Quick time to cash flow +
Slide 6: Executing on Growth Strategy
Executing on Growth Strategy Targeting 25% growth in production by 2020 through organic growth opportunities Future Growth Options Cote Gold and other advanced exploration projects in the pipeline Essakane Exploration Prospective targets around mine site and at Westwood Ramp-up Falagountou Targeting
Slide 7: Financial Review
IAMGOLD’ CORPORATION 38 ACD RO HNO A TS. SS rail
Slide 8: Q1 – Strong Operational and Financial Performance
Q1 – Strong Operational and Financial Performance* (In $ millions, except for per share and $/oz amounts) Q1’16 Q1’17 Variance (%) Attributable production (000s oz) 191 214 12% Attributable sales (000s oz) 191 212 11% Cost of sales ($/oz)3 827 769 (7%) Total cash costs ($/oz)2 746 766 3% AISC ($/oz)
Slide 9: Revenues
Revenues1 Revenue Q1’16 Change Q1’17 Impact ($millions) Gold Price2 ($/oz.) 1,188 4% 1,230 9 Gold Sales3 $millions Owner-Operator 184 14% 210 32 (000s oz.) 260.5 219.7 Annual Change in Gold Sales3 by Site (000s oz) Q1’16 Q1’17 Change Essakane 96 103 7 Rosebel 70 79 9 Q1'16 Q1'17 Westwood 18 28 10 To
Slide 10: Cost of Sales
Cost of Sales ($millions) Q1 2016 Q1 2017 Variance Main Factors: Operating Costs 142.5 151.7 9.2 • Lower capitalized stripping at Essakane • Higher processing costs due to hard rock Depreciation 61.5 63.4 1.9 Royalties 9.2 10.4 1.2 Cost of Sales 213.2 225.5 12.3 Cost of Sales ($/oz) 827 769 (58) 9
Slide 11: Gross Profit
Gross Profit 438% increase in gross profit quarter-over-quarter Gross Profit Gross Margin $millions %percent 35.0 13% 6.5 3% Q1'16 Q1'17 Q1'16 Q1'17 10
Slide 12: Adjusted Net Earnings
Adjusted Net Earnings1 (In $ millions, except for per share amounts) Q1’17 Net loss attributable to equity holders (18.0) Loss on 6.75% senior unsecured notes 20.2 Write down of assets 4.4 Normalization of costs at Westwood 0.7 Foreign exchange gain (0.8) Other (1.4) 1 Adjusted net earnings attribut
Slide 13: Gold Margins
Gold Margins 1,2 Gold Margin ($US/oz) Due to 4% increase in gold price $442 $464 Q1'16 Q1'17 1 Consists of Essakane, Rosebel, Westwood and the JVs on an attributable basis. 2 This is a non-GAAP measure. Refer to the non-GAAP performance measures section of the MD&A for more information. 12
Slide 14: Net Operating Cash Flow
Net Operating Cash Flow Net Cash from Operating Activities Net Cash from Operating Activities Before Changes in Working Capital1 86 68 $millions $millions 51 52 Q1'16 Q1'17 Q1'16 Q1'17 1 This is a non-GAAP measure. Refer to the non-GAAP performance measures section of the MD&A for more information.
Slide 15: Total Liquidity
Liquidity Cash, cash equivalents & restricted cash1 $1,185 Redemption of 6.75% senior unsecured notes (April 3, 2017) -$506 Cash, cash equivalents & restricted cash1 $679 Available credit facility1 $247 Total Liquidity* $814 *Excludes restricted cash of $112M (as at March 31, 2017). 1 As at March 31
Slide 16: Operations
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Slide 17: Q1'17 Production & Costs Summary
Q1’17 Production & Costs Summary Attributable Cost of Sales1,2 Total Cash AISC1 Production ($/oz produced) Costs1 ($/oz sold) (oz) ($/oz produced) Essakane 93,000 $793 $766 $973 Rosebel 74,000 $737 $727 $886 Westwood 30,000 $7923 $759 $965 Sadiola 16,000 -- $957 $1,016 Total 214,000* $769 $766 $992
Slide 18: Essakane – Burkina Faso (90%)
Essakane – Burkina Faso (90%) Q1 Highlights Q1’17 Actuals • Attributable production up 6% Attributable gold production 93,000 • 27% increase in throughput despite hard rock • Reduced maintenance downtime and increased grinding capacity TCC1 $766 as a result of new SAG mill liner design AISC1 $973 •
Slide 19: Rosebel – Suriname (95%)
Rosebel – Suriname (95%) Q1 Highlights Q1’17 Actuals • Attributable production up 9% • Increase in throughput despite hard rock Attributable gold production 74,000 • Grades higher due to mine sequencing and processing of higher TCC1 $727 grade stockpiles AISC1 $886 • Mining activity lower due to rai
Slide 20: Westwood – Quebec (100%)
Westwood – Quebec (100%) Q1 Highlights • Attributable production doubled Q1’17 Actuals • 80% increase in throughput and higher grades Attributable gold production 30,000 • Approval from Quebec regulators to resume mining in the block TCC1 $759 (104) affected by the fall of ground in 2015 AISC1 $965
Slide 21: Sadiola – Mali (41%)
Sadiola – Mali (41%) Q1 Highlights Q1’17 Actuals • Attributable production down 6% Attributable gold production 16,000 • Decline in production due to lower grades TCC1 $957 • Expect to continue mining oxides into early 2018 and processing oxides into early 2019 AISC1 $1,016 Head grade (g/t) 0.95 201
Slide 22: Exploration
IAMGOLD’ CORPORATION 38 ACD RO HNO A TS. SS rail
Slide 23: Saramacca – 2017 Delineation Campaign
Saramacca – 2017 Delineation Campaign • 2017 infill drilling program on-going; initial phase to complete 15,000 – 17,000 m of diamond drilling • Completed 13,400 m drilling YTD; results from initial 29 diamond drill holes received Highlights include*: › 60.5 m grading 40.91 g/t Au Including: 19.5 m
Slide 24: Boto and Pitangui
Boto Location: Senegal Tonnes Grade Contained Ounces Ownership: 100% (000) (g/t) (000 Au) Measured & Indicated1 27,670 1.8 1,563 Highlights: • 7,700 metres of diamond drilling completed in Q1 Inferred1 2,922 1.3 125 • Exploration continued along known mineralized trends with potential for additional
Slide 25: Diakha-Siribaya and Eastern Borosi
Diakha-Siribaya Location: Mali Tonnes Grade Contained Ounces Ownership: 100% (000) (g/t) (000 Au) Highlights: • 6,300 metres of diamond and RC drilling Measured & Indicated1,2 2,102 1.9 129 completed in Q1 Inferred1.2 19,816 1.7 1,092 • Focused on increasing confidence of the Diakha resource, extend
Slide 26: Monster Lake and Nelligan
Monster Lake Location: Quebec Ownership: 50:50 JV with TomaGold, with option to earn up to a 75% interest Highlights: • 8,600 metres of drilling completed in Q1 • Initial resource estimate expected in 2017 as results merit • Focused on the high-grade 325-Megane Zone and newly intersected second zone
Slide 27: Timeline For Growth Catalysts – 2017 to 2020
Timeline For Growth Catalysts – 2017 to 2020 2017 Sadiola Boto Gold • Sulphide • Resource update in Expansion Project Q4 and evaluation construction start studies to continue Côté Gold Essakane • PFS to be • Updated released summer 2017 and initiate FS resources at Falagountou satellite deposit 2018
Slide 28: Appendix
Appendix
Slide 29: 2017 Capex Outlook
2017 Capex Outlook $millions Sustaining Non-Sustaining Total3 Essakane $85 $5 $90 Rosebel $65 $5 $70 Westwood $20 $45 $65 Owner-operator $170 $55 $225 Corporate and Development Projects – $10 $10 Total owner-operator $170 $65 $235 Sadiola (Joint Venture)1 $5 $10 $15 Total2 $175 $75 $250 (±5%) 1. Exp
Slide 30: Mineral Reserves and Resources
Mineral Reserves and Resources 2016 2015 Contained Gold (attributable) Contained Grade Contained Grade As of December 31st Ounces (g/t) Ounces (g/t) Total proven and probable mineral reserves1 7,798 1.4 7,690 1.3 Total measured and indicated mineral resources2,3 23,331 1.1 23,482 1.1 Total inferred
Slide 31: Longer-Term Growth with Côté Gold
Longer-Term Growth with Côté Gold Project Highlights • One of Canada’s largest undeveloped gold deposits • Located in a prolific mining region six hours north of Toronto • Positive PEA indicates potential for low-cost mine with a 21 year mine life • Provincial and Federal Government have approved En
Slide 32: Loma Larga – Optionality via Strategic Investment
Loma Larga – Optionality via Strategic Investment See INV news release dated July 14, 2016 Project Overview PFS Highlights* • IAMGOLD owns ~36% of INV Metals (TSX:INV) Mine Life ~11 years • PFS has robust economics with after-tax IRR of 26.3%, NPV@5% of US$300.9M, payback of 2.7 years Nameplate Capa
Slide 33: 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 34: Empowering People, Extraordinary Performance
Ken Chernin Laura Young Shae Frosst VP, Investor Relations Director, Investor Relations Associate, Investor Relations T: 416-360-4743 T: 416-933-4952 T: 416-933-4738 Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l