Iamgold Corporation · TSX:IMG
Iamgold — Q3 2022 Earnings Presentation
23 slides from Iamgold's earnings presentation, Nov 9, 2022
Slide 1: Q3 2022 Financial & Operating Results
THIRD QUARTER 2022 RESULTS Q3 2022 Financial & Operating Results November 9, 2022 | Conference TSX: Call IMG l NYSE: IAG www.iamgold.com TSX: IMG l NYSE: IAG l www.iamgold.com
Slide 2: Cautionary Statement
THIRD QUARTER 2022 RESULTS Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Statements included in this presentation, including any with respect to the Company’s future financial or operating performance and other statements that express management’s expectations or es
Slide 3: Technical Information and Qualified Persons
THIRD QUARTER 2022 RESULTS Technical Information and Qualified Persons CAUTIONARY NOTE TO U.S. INVESTORS REGARDING DISCLOSURE OF MINERAL RESERVE AND MINERAL RESOURCE ESTIMATES The mineral resource and reserve estimates contained in this presentation have been prepared in accordance with NI 43-101 an
Slide 4: Q3 2022 Highlights
THIRD QUARTER 2022 RESULTS Q3 2022 Highlights CORPORATE & STRATEGIC Increased production guidance to 650,000 – 705,000 ounces, up from 570,000 – 640,000 ounces previously Q3 mine-site free cash flow1 of $59.2 million and adjusted EBITDA1 of $103.1 million Cash, cash equivalents and short-term invest
Slide 5: Operational Overview
THIRD QUARTER 2022 RESULTS Operational Overview OPERATING RESULTS PRODUCTION Q3/22 Q2/22 YTD 2022 YTD 2021 Gold production (attributable) of 184,000 ounces in Q3 (YTD: 528,000 ounces) Essakane (90%) koz 115 107 334 314 • Highest quarter of production in over 2.5 years Rosebel (95%) koz 50 49 145 112
Slide 6: 2022 Guidance Increased
THIRD QUARTER 2022 RESULTS 2022 Guidance Increased SUSTAINING EXPANSION GOLD PRODUCTION1 (attributable ounces) CAPEX2,3 CAPEX2,3 ($M, incl. capitalized stripping) ($M) UPDATED ACTUAL YTD PRIOR GUIDANCE ACTUAL UPDATED PRIOR ACTUAL UPDATED PRIOR GUIDANCE Essakane 334,000 410,000 – 430,000 360,000 – 38
Slide 7: Financial Review
THIRD QUARTER 2022 RESULTS Financial Review Photo: Wärtsilä, Hybrid Solar/Thermal Plant at Essakane 7
Slide 8: Financial Results
THIRD QUARTER 2022 RESULTS Financial Results QUARTERLY FINANCIAL HIGHLIGHTS Q3 FINANCIAL PERFORMANCE (In $ millions, unless otherwise stated) Q3 2022 Q2 2022 YTD 2022 YTD 2021 Gold revenues of $343.3 million ($1,033.9 million YTD) from sales of 203,000 ounces (187,000 attributable) at an average pri
Slide 9: Liquidity Summary
THIRD QUARTER 2022 RESULTS Liquidity Summary LIQUIDITY LIQUIDITY (as of September 30, 2022) + Strategic asset sales Total liquidity1 of $637 million + Royalties/streams + Secured/unsecured Cash and equivalents (incl. ST investments) of $536.1 million Debt + Prepay modifications • As at September 30,
Slide 10: Operations
THIRD QUARTER 2022 RESULTS Operations 10
Slide 11: Essakane
THIRD QUARTER 2022 RESULTS Essakane KEY OPERATING STATISTICS Q3/22 Q2/22 YTD 2022 RECORD PRODUCTION IN Q3, CHALLENGES REMAIN (100% basis, unless otherwise stated) Ore mined kt 3,259 3,803 10,894 Attributable production of 115,000 ounces (129,000 ounces 100% basis) Material mined – total kt 12,616 11
Slide 12: Rosebel
THIRD QUARTER 2022 RESULTS Rosebel KEY OPERATING STATISTICS (100% basis, unless otherwise stated) Q3/22 Q2/22 YTD 2022 MINE PLAN IMPROVEMENTS TAKING HOLD Ore mined1 kt 1,361 1,500 4,449 Attributable production of 50,000 ounces, benefiting from improved recoveries from Material mined – total1 kt 13,7
Slide 13: Westwood Complex
THIRD QUARTER 2022 RESULTS Westwood Complex KEY OPERATING STATISTICS RAMP UP OF UNDERGROUND CONTINUES (100% basis, unless otherwise stated) Q3/22 Q2/22 YTD 2022 Attributable production of 19,000 ounces Underground lateral development metres 951 1,207 3,006 Ore mined – underground kt 61 53 177 • Unde
Slide 14: Côté Gold
THIRD QUARTER 2022 RESULTS Côté Gold Côté GoldProject Côté Pit – Aug 2022 Processing plant interior – Oct 2022 Processing plant – Oct 2022 994K Loaders – July 2022 Assay Lab – Aug 2022 Primary/secondary crushing circuits – Oct 2022 14
Slide 15: Côté Gold: Quarterly Progress Report as at Sept 30, 2022
THIRD QUARTER 2022 RESULTS Côté Gold: Quarterly Progress Report as at Sept 30, 2022 ACTIVITIES UPDATE 64.2% 100% • Expended $158.9 million (incurred $159.0 million) in Q3 2022. project completion detailed engineering • Health and safety: Surpassed 6.9 million hours with no lost time injuries. • Labo
Slide 16: Côté Gold Upcoming Milestones
THIRD QUARTER 2022 RESULTS Côté Gold: Côté GoldUpcoming Milestones 2022 2023 2024 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 TMF Phase I Q2/23 Earthworks TMF Phase II Q3/23 Overburden Removal Q3/23 AHS Control Room Côté Pit – Aug 2022 Q4/22 Processing plant interior – Aug 2022 Processing plant – Aug 2022 Mi
Slide 17: Côté Gold: Gosselin
THIRD QUARTER 2022 RESULTS Côté Gold: Gosselin • 15,000 m diamond drilling completed YTD 2022 of total 16,000 m campaign to further delineate and expand Gosselin mineralized envelope Côté Gold Project – Mineral Reserves & Resources (2022)2,3 • Gosselin zone adjoins the Côté deposit to the northeast
Slide 18: Q&A
THIRD QUARTER 2022 RESULTS Q&A 18
Slide 19: Appendix
THIRD QUARTER 2022 RESULTS Appendix 19
Slide 20: Gold Mineral Reserves – Attributable
THIRD QUARTER 2022 RESULTS Gold Mineral Reserves – Attributable As at December 31, 2021 PROVEN PROBABLE TOTAL RESERVES Effective Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces DEPOSIT Location Ownership (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) Rosebel 1 95% Suri
Slide 21: Gold Mineral Resources – Attributable
THIRD QUARTER 2022 RESULTS Gold Mineral Resources1,2 – Attributable (Measured & Indicated Resources are inclusive of Proven & Probable Reserves) As at December 31, 2021 MEASURED INDICATED MEASURED + INDICATED INFERRED Effective Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade
Slide 22: Notes to the Gold Mineral Resources Statement
THIRD QUARTER 2022 RESULTS Notes to the Gold Mineral Resources Statement 1. In mining operations, Measured Mineral Resources and Indicated Mineral Resources that are not Mineral Reserves are considered uneconomic at the price used for Mineral Reserve estimations but are deemed to have a reasonable p
Slide 23: Graeme Jennings, VP, Investor Relations
THIRD QUARTER 2022 RESULTS Graeme Jennings, VP, Investor Relations 416-388-6883 TSX: IMG l NYSE: IAG l www.iamgold.com