Iamgold Corporation · TSX:IMG

Iamgold — Barclays Global Cross-Asset Class Materials Conference 2016

31 slides from Iamgold's conference presentation, Apr 1, 2016

  1. Slide 1: Barclays Global Cross-Asset Class Materials Conference

    Barclays Global Cross-Asset Class Materials Conference March 29 – April 1, 2016 Carol Banducci Executive Vice President & CFO TSX: IMG NYSE: IAG

  2. Slide 2: Cautionary Statement on Forward-Looking Information

    Cautionary Statement on 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 or estimates of future performance, other than state

  3. Slide 3: Geographically Diversified Asset Base

    Geographically Diversified Asset Base Four Operating Gold Mines 3

  4. Slide 4: Strong Foundation

    Strong Foundation Strong liquidity Improving cost Four producing Robust structure gold mines on exploration three continents portfolio Strengthened with recent AISC of $1,057/oz 806,000 oz. 2 wholly-owned transactions in 20151 produced in and 3 JV projects 20152 1 Excludes $61/oz impact from realize

  5. Slide 5: Strong Liquidity

    Strong Liquidity1 Position $M Liquidity Impact of Transactions in 2016 ($US Millions) Cash, cash equivalents and restricted cash 2 548.0 → Paid short-term debt (70) Bullion (at market)2 143.3 Credit facility: → Issued flow-through shares ~31 Fully committed and available 100.0 Accordion - Option to

  6. Slide 6: Recent Transactions

    Recent Transactions Gold Bullion Purchases:  Sold 135,148 ounces on dates from February 16, 2016 to March 17, 2016  at an average price of $1,260 per oz.  for after-tax proceeds of $170.1M,  compares favourably to: › market value at December 31, 2015 of $143.3M ($1,060 per oz.) › book value of $

  7. Slide 7: Disciplined Capital Spending $669M

    Disciplined Capital Spending 800 700 $669M 600 500 $ Millions Development / 400 Expansion $325M 300 $250M 1 Sustaining $244M 200 100 0 2013 2014 2015 2016 Guidance 1 Plus or minus 10% 7

  8. Slide 8: All-In Sustaining Costs – Adjusted for Unusual Items

    All-In Sustaining Costs – Adjusted for Unusual Items 1,2 1,400 All figures in $/oz. sold 1,201 1,221 1,194 1,200 1,121 1,101 1,000 1,049 3 1,051 3,4 3,4 3,4,5 1,021 1,034 1,056 800 600 400 200 0 Q4 2014 Q1 2015 Q2 2015 ` Q3 2015 Q4 2015 1,2 AISC Avg Realized Gold Price1 1 This is a non-GAAP measure.

  9. Slide 9: 2016 Production and Cost Guidance

    2016 Production and Cost Guidance1,3 2016 Guidance1 Rosebel (000s oz.) 285 – 295 Essakane (000s oz.) 365 – 375 Westwood (000s oz.) 50 – 60 Total owner-operated production (000s oz.) 700 -730 Joint ventures (000s oz.) 70 Total attributable production (000s oz.) 770 – 800 Total cash costs2,3 – owner-o

  10. Slide 10: Operations Review

    Operations Review £IAMGOLD

  11. Slide 11: Westwood – Canada

    Westwood – Canada 40 1751  Production of 60,000 attributable ounces for 2015 due to seismic event 35 1507 1600  Focus continues to be on underground development to expand number of mining areas and remedial work › Development work will open up access to multiple mining 30 blocks for future years a

  12. Slide 12: Essakane – Burkina Faso

    Essakane – Burkina Faso 120 1250  Record production of 383,000 attributable ounces for 2015, up 15% from 2014 due to mill optimization, 15% grade increase and mining at Falagountou 100 988 1022 1024  Mill expansion completed in 2013 to accommodate increasing 955 1000 proportion of hard rock: 922 ›

  13. Slide 13: Rosebel – Suriname

    Rosebel – Suriname 100 1420  Production of 287,000 attributable ounces for 2015, below 2014 due to lower grades & throughput; proportion of soft rock fell from 38% to 25% 90 1250 › Q4/15 production down due to eleven day work-stoppage 80 1104 1111  AISC of $1,165 in 2015 – included one-time purcha

  14. Slide 14: Sadiola – Mali

    Sadiola – Mali 25 1200 1100  Production of 69,000 attributable ounces in 2015 1010 › Decline from 2014 due to lower grades 20 914 1000  AISC of $839/oz. for 2015, 23% lower than previous year 1 due to lower fuel and consumable prices and favourable FX rates 706 800  Results from RC drilling progr

  15. Slide 15: Exploration Review

    Exploration Review # IAMGOLD

  16. Slide 16: Boto Project (Senegal)

    Boto Project (Senegal) Deposit Open at Depth • Infill drilling at Malikoundi deposit completed • Updated estimated indicated resource of 1.6 M oz in 27.7 Mt at 1.8 g/t Au and inferred resource of 125,000 oz in 2.9Mt at 1.3 g/t Au1 › Final 2015 assay results reported include (Jul 20, 2015): • 36 m at

  17. Slide 17: Siribaya (Mali) – JV with Merrex Gold

    Siribaya (Mali) – JV with Merrex Gold • Focused on Diakha prospect - extension of trend hosting Boto Gold deposit • Initial 43-101 compliant mineral resource estimate Fekola -B2Gold completed and announced February 9, 2016 4.3Moz 61.6mt @ 2.2 g/t Au* › Indicated resource of 129,000 oz. in 2.1Mt at 1

  18. Slide 18: Pitangui Project (Brazil)

    Pitangui Project (Brazil) • Infill diamond drilling program within the core area of the São Sebastião deposit completed resulting in a more robust geological model to support a revised resource estimate › Inferred resource estimate increased to 679,000 > 40M oz. historical ounces at 5.0 g/t Au1 prod

  19. Slide 19: Monster Lake (Quebec) – JV with TomaGold

    Monster Lake (Quebec) – JV with TomaGold • In 2015, 11,700 metres of diamond drilling was completed on the Megane-325 zone and other priority targets on the property • February 22, 2016 – announced final assay results from the 2015 fall diamond drilling program completed in November. Highlights Mons

  20. Slide 20: Eastern Borosi (Nicaragua) – JV with Calibre Mining

    Eastern Borosi (Nicaragua) – JV with Calibre Mining • Drilling program in 2015 focused on diamond drilling to test selected gold and silver vein systems • Results to date confirm multiple vein systems with high grades • May 6, 2015 – Blag vein system drilling1: Bonanza E. Borosi Project › Included h

  21. Slide 21: Appendices

    Appendices CORPORATION

  22. Slide 22: All-In Sustaining Costs

    1,2 All-In Sustaining Costs Q4 2015 Full Year 2015 Total Total Rosebel Essakane Westwood $/ounce Rosebel Essakane Westwood IAMGOLD IAMGOLD $1,420 $1,024 $1,265 $1,202 Reported AISC $1,165 $1,010 $1,292 $1,118 (58) (55) (130) (59) Hedge losses pertaining to 2015 (46) (75) (93) (63) (382) - - (123) Le

  23. Slide 23: 2015 Reserves and Resources

    2015 Reserves and Resources 1 Contained Gold (000s attributable oz.) 2015 Change 2014 As of December 31, 2015 Total proven and probable mineral reserves 7,690 (11%) 8,608 Total measured and indicated mineral resources 2,3 23,482 10% 21,412 Total inferred resources 6,733 (4%) 7,018 • Gold reserves ha

  24. Slide 24: 2016 Capital Expenditure Outlook

    2016 Capital Expenditure Outlook 1 Development/ ($ millions) Sustaining 1 Expansion Total (Non-sustaining) Rosebel 50 15 65 Essakane 85 0 85 Westwood 15 65 80 Total gold segments 150 80 230 Corporate & Development Projects2 - 10 10 Total consolidated 150 90 240 Joint ventures 5 5 10 Total 3 (±10%) 1

  25. Slide 25: IAMGOLD Leads with its Torque Potential

    IAMGOLD Leads with its Torque Potential % Change in NAV for a $100/oz Increase in Gold Price Gold equities will price in higher gold prices. Gold has risen past our price deck of US$1,150/oz and while we will resist for now raising our price assumptions, we provide the torque potential from our univ

  26. Slide 26: Westwood LOM – Production and Costs Forecast

    Westwood LOM – Production and Costs Forecast Westwood LOM Forecast 250,000 $2,500 200,000 $2,000 150,000 $1,500 Production (oz.) Cash Costs ($/oz) AISC ($/oz) 100,000 $1,000 50,000 $500 0 $0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 *includes inferred

  27. Slide 27: Location of Zone Affected by May Seismic Event

    Location of Zone Affected by May Seismic Event 27

  28. Slide 28: Review Process & Conclusions

    Review Process & Conclusions Review: • Technical review in parallel with ICAM investigation • Lead by WW Rock Mechanics Group with significant support from Longueuil Technical Services Group • Principal consultant: Rob Mercer, Knight Piesold Ltd. • Other Experts: › Kathy Kalenchuk, MDEng (numeric mo

  29. Slide 29: Essakane LOM – Production and Costs Forecast

    Essakane LOM – Production and Costs Forecast 400,000 1400 350,000 1200 300,000 1000 250,000 Attributable Production 800 Cash Costs 200,000 AISC 600 150,000 400 100,000 50,000 200 2016 2017 2018 2019 2020 2021 2022 2023 2024 Actively exploring potential w/ land position >1,200 km2 29

  30. Slide 30: Rosebel – Production and Costs Forecast

    Rosebel – Production and Costs Forecast Rosebel LOM Forecast 400,000 $1,600 350,000 $1,400 300,000 $1,200 250,000 $1,000 Attributable Production (oz.) Cash Cost ($/oz) 200,000 $800 AISC ($/oz) 150,000 $600 100,000 $400 50,000 $200 0 $0 2016 2017 2018 2019 2020 2021 2022 Actively exploring UJV areas

  31. Slide 31: Investor Relations Contacts

    Bob Tait VP, Investor Relations T: 416-360-4743 Laura Young Director, Investor Relations T: 416-933-4952 Investor Relations info@iamgold.com TSX: IMG NYSE: IAG

IAMGOLD — Barclays Global Cross-Asset Class Materials Conference 2016 on 6ix