Iamgold Corporation · TSX:IMG
Iamgold — Q2 2023 Earnings Presentation
24 slides from Iamgold's earnings presentation, Aug 11, 2023
Slide 1: Q2 2023 Operating & Financial Results
Q2 2023 CONFERENCE CALL Q2 2023 Operating & Financial Results August 11, 2023 TSX: IMG l NYSE: IAG www.iamgold.com TSX: IMG l NYSE: IAG l www.iamgold.com
Slide 2: Cautionary Statement
Q2 2023 CONFERENCE CALL Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION 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 o
Slide 3: Technical Information and Qualified Persons
Q2 2023 CONFERENCE CALL 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 and t
Slide 4: Highlights
Q2 2023 CONFERENCE CALL Highlights CORPORATE & STRATEGIC Cash + cash equivalents (as at June 30, 2023) of $747.7 million1,2 and available liquidity1 of $1.2 billion • Completed sale of Boto Gold Project and exploration properties in Senegal for gross cash proceeds of $197.6 million3 • Announced $400
Slide 5: Q2 2023 Highlights
Q2 2023 CONFERENCE CALL Q2 2023 Highlights OPERATING RESULTS YTD 2023 Q2 2023 Q2 2022 2023 GUIDANCE PRODUCTION Essakane (90%) koz 88 107 180 340 – 380 Gold production (attr., cont. ops.) of 107,000 ounces in Q2 | 220,000 ounces YTD • Essakane resumed mining and milling at full capacity with operatio
Slide 6: Essakane Q2 2023 Operational Review
Q2 2023 CONFERENCE CALL Essakane (100% basis, unless otherwise stated) Q2 2023 Q2 2022 YTD 2023 Ore mined kt 2,697 3,803 4,354 Q2 2023 OPERATIONAL REVIEW Material mined – total kt 13,515 11,405 19,800 Attributable production of 88,000 ounces in Q2 | 180,000 ounces YTD Strip ratio w:o 4.0 2.0 3.5 Ore
Slide 7: Westwood Complex Q2 2023 Operational Review
Q2 2023 CONFERENCE CALL Westwood Complex (100% basis, unless otherwise stated) Underground lateral development metres Q2 2023 1,381 Q2 2022 1,207 YTD 2023 2,875 Ore mined – underground kt 56 53 124 Q2 2023 OPERATIONAL REVIEW Ore mined – other sources kt 156 218 349 Gold production of 19,000 ounces –
Slide 8: Westwood Complex
Q2 2023 CONFERENCE CALL Westwood Complex +4800 HISTORY WEST CENTRAL EAST Westwood began production in 2013 CORRIDOR CORRIDOR CORRIDOR • Highest production years to date in 2017 and 2018 with production of 125,000 oz +4600 and 129,000 oz, respectively • In 2020, underground was put on care & maintena
Slide 9: Côté Gold: Q2 2023 Progress Report
Q2 2023 CONFERENCE CALL Côté Gold: Q2 2023 Progress Report OVERALL PROJECT PROGRESS ACTIVITIES UPDATE 5% 100% • Project Completion: 85.7% 4% 80% Monthly progress • Cumulative Health and safety: Total project hours of 11.5 million hours with a project TRIFR of 0.68. 3% 60% • Labour and workforce: >1,
Slide 10: Côté Gold
Q2 2023 CONFERENCE CALL Côté Gold TMF dam construction – July 2023 Electrical substation – July 2023 Primary crusher – July 2023 HPGR installation – July 2023 Processing plant interior – June 2023 Leach tanks – July 2023 10
Slide 11: Côté Gold: Upcoming Milestones
Q2 2023 CONFERENCE CALL Côté Gold: Upcoming 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 ✓Q4/22 Mining IAG Fleet to Support Earthworks ✓ Q2/23 Ore Stockpile Build-Up Q4/23 HPGR Foundation ✓ Q4/2
Slide 12: Côté Gold: Gosselin
Q2 2023 CONFERENCE CALL CÔTÉ GOLD PROJECT – MINERAL RESERVES & RESOURCES (2022)2,3,4 Côté Gold: Gosselin Tonnes Grade Contained Attributable Contained Classification (millions) (g/t Au) (Moz Au) (Moz Au) 15,500 m drilling campaign in 2023 to expand Gosselin mineralization ongoing with Côté Gold Depo
Slide 13: Côté Gold: Expenditures & Cost to Complete
Q2 2023 CONFERENCE CALL Côté Gold: Expenditures & Cost to Complete INCURRED PROJECT CAPITAL SPEND3 600 Q2 PROJECT EXPENDITURES Incurred project expenditures of $270.1 million (@100%) | $189.1 million (@70%) in Q2 at average $ million USDCAD exchange rate of 1.35 • JV Funding and Amending Agreement d
Slide 14: Financial Results
Q2 2023 CONFERENCE CALL FINANCIAL HIGHLIGHTS – continuing operations Financial Results (In $ millions, unless otherwise stated) Q2 2023 Q2 2022 LIQUIDITY (as at June 30, 2023) Revenues 238.8 232.1 Cash and equivalents of $747.7 million + total liquidity1 of $1.2 billion Gross profit 26.6 34.1 • $170
Slide 15: Q2 2023 CONFERENCE CALL
Q2 2023 CONFERENCE CALL 15
Slide 16: Gold Mineral Reserves – 100% Basis
Q2 2023 CONFERENCE CALL Gold Mineral Reserves – 100% Basis As of December 31, 2022 PROVEN PROBABLE TOTAL RESERVES Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces DEPOSIT Type* Location (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) Rosebel 1,6 OP Suriname 8,890 0.6 179
Slide 17: Gold Mineral Reserves – Attributable
Q2 2023 CONFERENCE CALL Gold Mineral Reserves – Attributable As of December 31, 2022 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 1,6 95% Surin
Slide 18: Gold Mineral Resources – 100% Basis
Q2 2023 CONFERENCE CALL Gold Mineral Resources1,2 – 100% Basis (Measured & Indicated Resources are inclusive of Proven & Probable Reserves) As of December 31, 2022 MEASURED INDICATED MEASURED + INDICATED INFERRED Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces DEPOSIT
Slide 19: Gold Mineral Resources – Attributable
Q2 2023 CONFERENCE CALL Gold Mineral Resources1,2 – Attributable (Measured & Indicated Resources are inclusive of Proven & Probable Reserves) As of December 31, 2022 MEASURED INDICATED MEASURED + INDICATED INFERRED Effective Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ou
Slide 20: Notes to the Gold Mineral Resources Statement
Q2 2023 CONFERENCE CALL 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 prosp
Slide 21: Notes
Q2 2023 CONFERENCE CALL Notes 21
Slide 22: Notes
Q2 2023 CONFERENCE CALL Notes 22
Slide 23: Notes
Q2 2023 CONFERENCE CALL Notes 23
Slide 24: Graeme Jennings, VP, Investor Relations
Q2 2023 CONFERENCE CALL Graeme Jennings, VP, Investor Relations 416-388-6883 TSX: IMG l NYSE: IAG l www.iamgold.com