Iamgold Corporation · TSX:IMG
Iamgold — Scotia Capital Mining Conference 2010
25 slides from Iamgold's conference presentation, Dec 1, 2010
Slide 1: Scotia Capital Mining Conference 2010
Scotia Capital Mining Conference 2010 December 1, 2010 Carol Banducci Executive Vice President & Chief Financial Officer
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: Corporate Overview
Corporate Overview IAMGOLD’s growth is strategically focused in West Africa, select countries in South America and in the Canadian provinces of Ontario and Québec 8 Gold mines 1 Niobium mine Westwood Development project 20+ Exploration projects Commitment to growth 3
Slide 4: 2010 Guidance
2010 Guidance YTD Actuals as of Guidance as of Sept. 30 Nov. 5 Gold Production (000oz) 652 940 – 970 Cash Costs (US$/oz) $574 $565 – $585 Niobium production (M kg) 3.3 4.5 – 4.7 Niobium Operating Margin (US$/kg) $19 $17 – $19 4
Slide 5: IAMGOLD's Mining Interests
IAMGOLD’s Mining Interests 2009 2010 YTD Gold Geographic IAMGOLD Operator Production Production Mines Location Ownership (000oz) (000oz) Rosebel IAMGOLD Suriname 95% 392 276 Essakane IAMGOLD Burkina Faso 90% - 42 Mupane IAMGOLD Botswana 100% 51 42 Doyon Div. IAMGOLD Canada 100% 109 15 TOTAL 552 375
Slide 6: Rosebel Suriname
Rosebel SURINAME IMG Ownership: 95% AttributableReserves & Resources (oz) P&P Reserves1 4,840,000 M&I Resources2 6,870,000 Inferred Resources 894,000 Attributable production (oz) Attributable Gold Production 000’s ozs 2010E 385,000 - 395,000 2010E: 2010 9-mos 276,000 400 385-395 2009 392,000 392 109
Slide 7: Rosebel Exploration
Rosebel Exploration Koolhoven Pay Caro & E. Pay Caro Rosebel Mayo Roma Royal Hill 7
Slide 8: Essakane Burkina Faso
Essakane BURKINA FASO IMG Ownership: 90% Attributable Reserves & Resources (oz) P&P Reserves1 3,871,000 M&I Resources2 4,266,000 Inferred Resources 1,869,000 Attributable production (oz) 2010 (July 16-Sept.30) 42,000 Commercial production achieved LOM annual production (E) 315,000 July 16, 2010 Ca
Slide 9: Essakane Exploration
Essakane Exploration EMZ north extension EMZ East Dump Au≥ 117 ppb (in soils) West Dump Lay down Offices Air Strip Falagountou TSF EMZ South extension 9
Slide 10: Essakane Expansion
Essakane Expansion Decision announced on Oct. 20, 2010 to launch feasibility study to expand mine CURRENT PLAN WITH EXPANSION1 Processing Processing First 3 years: soft rock at 9Mtpa First 3 years: soft rock at 9Mtpa Subsequent 9 years: hard rock at 5.4Mtpa Subsequent 9 years: hard rock at 10.8Mtpa
Slide 11: Mupane Botswana
Mupane BOTSWANA IMG Ownership: 100% Attributable Reserves & Resources (oz) P&P Reserves1 199,000 M&I Resources2 266,000 Inferred Resources 80,000 Attributable Production (oz) 2010 9-mos 42,000 2009 51,000 Working with local management to maximize cash flows going forward Cash Cost ($/oz) Benefit
Slide 12: Mouska Canada
Mouska CANADA IMG Ownership: 100% Reserves & Resources (oz) P&P Reserves1 53,000 M&I Resources2 398,000 Inferred Resources 633,000 Attributable Production (oz) 2010 9-mos 15,000 2009 109,000 Began processing stock-piled ore in September ’10 Cash Cost ($/oz) Paste backfill from Doyon paste plant
Slide 13: Focus on Growth
Focus on Growth GROWTH Rosebel Essakane
Slide 14: Westwood Canada
Westwood CANADA Westwood, Quebec, Canada IMG Ownership 100% M&I Resources (oz)1 98,000 Inferred Resources (oz) 3,431,000 Estimated Annual Production 186,000 (oz) Estimated Cash Cost ($/oz) $358 Projected Start-up Early 2013 Estimated Mine Life (years) 16 Resources > 15g/t Au Resources 6-15g/t Au 1 M
Slide 15: Potential Growth
Potential Growth Essakane full year production Attributable Gold Production 000s ozs 1200 Essakane expansion 940-970 Rosebel improvements to 1000 recovery 800 Westwood startup in early 2013 600 Sadiola sulphides project 400 Yatela, Tarkwa, Damang LOM and projection capacity 200 extension
Slide 16: Sadiola Mali
Sadiola MALI IMG Ownership: 41% JV Partner: AngloGold Ashanti Reserves & Resources (oz) P&P Reserves1 1,457,000 M&I Resources2 2,596,000 Inferred Resources 1,159,000 Attributable Production (oz) 2010 9-mos 89,000 Feasibility study on Sadiola sulphides 2009 135,000 Potential to extend Sadiola’s o
Slide 17: Yatela Mali
Yatela MALI IMG Ownership: 40% JV Partner: AngloGold Ashanti Attributable Reserves & Resources (oz) P&P Reserves1 44,000 M&I Resources2 126,000 Inferred Resources 19,000 Attributable Production (oz) 2010 9-mos 51,000 Drilling extended mine life to at least 2011 2009 89,000 Exploring Yatela, Alam
Slide 18: Tarkwa and Damang Ghana
Tarkwa and Damang GHANA Tarkwa, Ghana Damang, Ghana IMG Ownership: 18.9% IMG Ownership: 18.9% JV Partner: Gold Fields Ltd. Updates JV Partner: Gold Fields Ltd. Updates Reserves & Resources (oz) Reserves & Resources (oz) P&P Reserves1 2,018,000 New tailings storage P&P Reserves1 344,000 Good expl
Slide 19: Mali – Siribaya JV
Mali – Siribaya JV 2010 Budget – $3.7 million Senegal 563 km2 land package Maiden Resource Guemedji Trend Indicated: 308Koz at 2.39g/t Au Mali Boto Inferred: 70Koz at 2.29g/t Au (100% IMG) SiribayaTrend Merrex - IMG Option Agreement Zone 1B Resource Area signed December 2008 Siribaya IAM
Slide 20: Senegal – Daorala-Boto & Bambadji
Senegal – Daorala-Boto & Bambadji Sabodala – 2 Moz Loulo – 6 Moz 315 km² in World-Class District DAORALA Yalea – 2.4 Moz Daorala-Boto: 100% IAMGOLD Massawa – 4.5 Moz Tabakoto – 2.8 Moz Gounkoto – 2.65 Moz Boto located 25km from Siribaya BAMBADJI JV Established non-compliant mineral inventory Sen
Slide 21: Mali – Kalana JV
Mali – Kalana JV 2010 Budget - $5.9 million 387 km2 Mining Permit expires 2033 GUINEA Avnel - IMG Option Agreement MALI signed August 2009 Kalanako IAMGOLD can earn a 51% interest in Avnel’s Dadjan share of SOMIKA (80%); Malian Government High priority (20%) Kalana 60km² $11M expenditure in
Slide 22: Acquisitions
Acquistions Primary focus on known SENEGAL MALI regions such as West Africa: BURKINA FASO Regional Continuity GHANA Social & Fiscal Stability Long-Term Prospectivity & Opportunities Target: 150,000+ ounces of gold per year, 2Moz+ reserves 22
Slide 23: Sources of Funding
Sources of Funding Millions $ 700 Cash and gold on hand 593 600 Future cash flow from operations 500 Strong balance sheet 400 350 300 200 100 243 0 Sep. 30'10 1 Cash & Bullion 2 Credit Facility available 1 Bullion at market value 23 2 Available undrawn portion, credit facility expiring April 2
Slide 24: Competitive Advantages
Competitive Advantages Strong balance sheet Base of world-class mines Experienced in key regions with good growth potential Technically strong and mobile workforce Proven operational expertise Superb senior leadership 24
Slide 25: Scotia Capital Mining Conference 2010
Scotia Capital Mining Conference 2010 December 1, 2010 Contact: Bob Tait, VP Investor Relations 401 Bay Street, Suite 3200 Toronto, ON M5H 2Y4 Canada T: 416 360 4743 C: 647 403 5520 E: info@iamgold.com