Iamgold Corporation · TSX:IMG

Iamgold — Investor Presentation (December 2009)

23 slides from Iamgold's investor presentation, December 2009

  1. Slide 1: The IAMGOLD Transformation

    December, 2009 THE IAMGOLD TRANSFORMATION CORPORATE PRESENTATION Joseph Conway President & Chief Executive Officer

  2. Slide 2: Cautionary Statement

    2 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 re

  3. Slide 3: The IAMGOLD Transformation

    3 The IAMGOLD Transformation Ideally The Best Positioned Intermediate Gold Producer Positioned for 233% the Next Breakthrough Consistent Delivery of Results Solid, Disciplined Industry Growth Leading Shareholder Value TSX: IMG NYSE: IAG Shares outstanding: 367 M Market Capitalization: $7.3B IAG 52-w

  4. Slide 4: Disciplined Corporate Strategy

    4 Disciplined Corporate Strategy Focus on Creating Shareholder Value  Grow Gold Production & Reserves • Successful development of existing projects • Aggressive exploration for organic growth • Accretive acquisitions  Reduce Costs • Operations & development project optimization • Low cost acquisit

  5. Slide 5: Operating Results

    5 Operating Results Solid Production, Lower Costs, Increased Margin Gold Margin Q3 9 mos 500 ($/oz) 2009 2009 2009E 400 Gold Operating Results 300 1 Gold production 200 244 705 940–950 (000 oz) 100 Gold price realized $961 $915 ($/oz) 0 2006 2007 2008 9 mos 2009 Cash cost $457 $452 $460–$470 ($/oz)

  6. Slide 6: Financial Results

    6 Financial Results Earnings from Operations up 45% Q3 Q3 9 mos 9 mos 300 Earnings from Operations (US$ millions) 2009 2008 2009 2008 ($ millions) 250 Revenues 235.2 226.9 649.1 660.0 200 Earnings from 95.0 65.3 254.9 202.2 Operations 150 Net earnings 64.9 18.8 161.5 86.5 100 Earnings per share 0.18

  7. Slide 7: Exceptional Balance Sheet

    7 Exceptional Balance Sheet Continue to be Net Cash Positive and Positioned for Growth Five Year Accumulated Cash Flow vs. Capital Needs ($Billions) June 30, Sept. 30, (US$ millions) 2009 2009 ~$1.8B ~$1.6B @$1,000/oz Operations 1 Cash & bullion $395 $344 ~$1.4B Sadiola Deeps @$850/oz Essakane ~$1.1

  8. Slide 8: Global Operations & Growth

    Global Operations & Growth FOCUS DISCIPLINE RESULTS 8 Long Standing Presence, Long Term Future ROSEBEL SURINAME DOYON QUEBEC DIAVIK MUPANE BOTSWANA NIOBEC QUEBEC NIOBEC DOYON DIVISION WESTWOOD SADIOLA MALI YATELA MALI YATELA ROSEBEL ESSAKANE DAMANG QUIMSACOCHA SADIOLA TARKWA GHANA DAMANG GHANA CAMP

  9. Slide 9: Solid Reserves & Resources Growth

    9 Solid Reserves & Resources Growth Record Gold Resources 30 (Millions of Ounces) 25 ESSAKANE QUIMSACOCHA 20 CAMP CAIMAN OTHERS CANADA 15 ROSEBEL 10 MUPANE 5 DAMANG TARKWA YATELA SADIOLA 0 2004 2005 2006 2007 2008 • Resources include reserves, but not inferred resources as at Dec. 31, 2008 includes

  10. Slide 10: Superior Production Growth Profile

    10 Superior Production Growth Profile* Continued Growth 1,500 (000’s ounces) ($/ounce) 500 400 QUIMSACOCHA 1,000 ESSAKANE SLEEPING GIANT 300 DOYON WESTWOOD ROSEBEL 200 500 MUPANE DAMANG TARKWA 100 YATELA SADIOLA 0 0 2004 2005 2006 2007 2008 2009E 2010F 2011F 2012F 2013F *Assumes: • Essakane startup

  11. Slide 11: Rosebel Suriname

    11 Rosebel SURINAME Record Production, Lower Costs (000 oz) (US$/oz) Production & Cash Costs 500 $500 400 $400 300 $300 200 $200 100 $100 IMG Ownership 95% 0 $0 2007 2008 2009E Location Suriname  Record Q3 attributable production of 106,000 oz M&I Resources (oz)* 9,656,000 Inferred Resources (oz) 2

  12. Slide 12: IAMGOLD Operations

    12 IAMGOLD Operations DOYON DIVISION MUPANE IMG Ownership 100% 100% Location Quebec Botswana M&I Resources (oz)* 453,000 598,000 Inferred Resources (oz) 570,000 25,000 2008 9 mos 2009 2009E 2008 9 mos 2009 2009E Attributable Gold Production (oz) 118,000 85,000 113,000 101,000 40,000 53,000 Cash Cost

  13. Slide 13: West African Joint Ventures

    13 West African Joint Ventures SADIOLA YATELA TARKWA DAMANG IMG Ownership 38% 40% 18.9% 18.9% JV: AngloGold Ashanti JV: AngloGold Ashanti JV: Goldfields Ltd. JV: Goldfields Ltd. Location Mali Mali Ghana Ghana M&I Resources (oz)* 2,348,000 313,000 2,462,000 407,000 Inferred Resources (oz) 786,000 34,

  14. Slide 14: Sadiola – Renewed Opportunity

    14 Sadiola – Renewed Opportunity Approval for Deep Sulphide Feasibility Study & Purchase of IFC 6% APPROVAL TO PROCEED WITH SADIOLA DEEP SULPHIDE FEASIBILITY STUDY  The 2009 Pre-feasibility Study projects an increase in production at Sadiola to 400 - 500kozs per year from 2013 to 2018 with an end o

  15. Slide 15: Niobec Mine Quebec

    15 Niobec Mine QUEBEC Paste Backfill & Mill Expansion on Track (tonnes) ($/kg) Production & Margin 5000 $25 4000 $20 3000 $15 2000 $10 1000 $5 IMG Ownership 100% 0 $0 2006 2007 2008 2009E Location Quebec M&I Resources (tonnes Nb2O5)* 137,800  Mill Expansion to increase production 25% Inferred Resou

  16. Slide 16: Essakane Burkina Faso

    16 Essakane BURKINA FASO Ahead of Schedule & On Budget CONSTRUCTION UPDATE  Production in 10 months  Announced acceleration of early years’ production rate  SAG mill, ball mill, crusher & all trucks on-site  Village relocations on track IMG Ownership 90%  CIL tanks on track for completion Q4 Lo

  17. Slide 17: Westwood Quebec

    17 Westwood QUEBEC Long Life, Low Cost 14 kms Planned Exploration shaft Bousquet 2kms 10 m / 11.5 g/t Au IMG Ownership 100% 5 m / 23 g/t Au Resources Resourc La Ronde Location Quebec, Canada CONSTRUCTION UPDATE es M&I Resources (oz)* 70,000 oz  Shaft sinking on track for 500m 2009 target Inferred R

  18. Slide 18: Other Development Projects

    18 Other Development Projects QUIMSACOCHA CAMP CAIMAN IMG Ownership 100% 100% Location Ecuador French Guiana M&I Resources (oz)* 2,107,000 1,615,000 Inferred Resources (oz) 61,000 249,000 Mine Life (years) (est.) 7.5 7 Annual Production (est.) 202,000 125,000 Cash cost per oz (est.) $272 $320 Estima

  19. Slide 19: Greenfields Exploration

    19 Greenfields Exploration Aggressive Organic Growth UPDATE  2009 forecast $36 million  Kalana Gold Project: • Existing high grade resource & 387km2 exploration property • Bulk tonnage opportunity • Exploration commenced Region/Country Location  Merrex Gold Project: SOUTH AMERICA • Drill results

  20. Slide 20: Health, Safety & Sustainability

    20 Health, Safety & Sustainability Continuing Commitment to Zero Harm Q3 2009 HIGHLIGHTS SAFETY 49% reduction in accident severity and frequency YTD, Zero fatalities ENVIRONMENT Zero significant incidents, continued environmental management COMMUNITY New Essakane main village under construction, on

  21. Slide 21: Significant Progress

    21 Significant Progress Consistently Delivering Results Outstanding Health and Safety Record Additional Increase in Guidance: 940,000 to 950,000 oz Continued Impressive Financial Results Essakane Ahead of Schedule, Increased Reserves & Accelerated Early Production Westwood Advancing Shaft, Headframe

  22. Slide 22: Investment Highlights

    22 Investment Highlights The Best Positioned Intermediate Gold Producer Adj. Net earnings/share Cash Flow/share 0.36 0.86  Consistent operating results 0.08  Outstanding cost reduction 0.09 2004 2008 2004 2008  Exceptional balance sheet Reserves1/1000 shares Resources2/1000 shares  Solid, discip

  23. Slide 23: “...outstanding share price performance, continued solid operating results, a well funded pipeline and strong

    Joseph Conway President & Chief Executive Officer Gordon Stothart “...outstanding share price performance, Executive Vice President & Chief Operating Officer continued solid operating results, a well Carol Banducci funded pipeline and strong financial Executive Vice President & Chief Financial Offic

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