Iamgold Corporation · TSX:IMG
Iamgold — RBC Capital Markets' Global Mining & Materials Conference 2017
35 slides from Iamgold's conference presentation, June 2017
Slide 1: RBC Capital Markets' Global Mining & Materials Conference
RBC Capital Markets’ Global Mining & Materials Conference June 2017 CAROL BANDUCCI, EVP & CFO CRAIG MACDOUGALL, SVP, EXPLORATION Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l
Slide 2: Cautionary Statement
Cautionary Statement 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 statements of historical fact, const
Slide 3: Targeting 1M Ounces in Annual Production at an AISC of $900-$950 by 2020
Targeting 1M Ounces in Annual Production at an AISC of $900-$950 by 2020* Westwood1 Mine life: ~20 yrs M&I Resources: 1,186 oz NORTH AMERICA Inferred Resources: 2,223 oz Westwood Sadiola1 Mine life: ~2+ yrs Côté Gold M&I Resources: 2,911 oz Inferred Resources: 425 oz Monster Lake Nelligan WEST AFRIC
Slide 4: Executing on Strategy with Results
Executing on Strategy with Results Objective Progress Target • Signed $195 million JV partnership with Sumitomo Metal Mining for a 30% ownership in the Côté Gold Project Build Cote and Increase Reserves put into • Announced positive results from a Prefeasibility Study for the Côté production Gold
Slide 5: Q1'17 Strong Operational and Financial Performance
Q1’17 – Strong Operational and Financial Performance Year over Year Q1’17 Q1’16 Variance Attributable production (000s oz) 214,000 oz 191,000 oz 12% Attributable sales (000s oz) 212,000 oz 191,000 oz 11% Cost of sales ($/oz)3 $769/oz $827/oz (7%) Total cash costs ($/oz)2 $766/oz $746/oz 3% AISC ($/o
Slide 6: Liquidity
Liqudity $ Millions Cash, cash equivalents and restricted cash 1 $660 Gross proceeds from sale of 30% Cote net assets 2 195 Available senior credit facility as at March 31, 2017 247 Total Liquidity $1,102 $655.4 M $641.5 M $500.9 M Reduced $393.6 M funded debt by 40% since 2014 1 Balance as at March
Slide 7: Optimizing Operations & Organic Growth Opportunities
Optimizing Operations & Organic Growth Opportunities
Slide 8: Production Up, Costs Down
Production Up, Costs Down 250K oz $1,400/oz $1,200/oz 200K oz $1,000/oz Production 150K oz $800/oz AISC $600/oz 100K oz $400/oz 50K oz $200/oz 0K oz $0/oz Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Essakane Rosebel Westwood Sadiola Mine AISC 7
Slide 9: Transforming Rosebel - Suriname
Transforming Rosebel - Suriname (95%) Saramacca • Acquired rights to Saramacca in 2016 • 25km southwest from Rosebel mill • Historical data suggested 0.5-1.4M oz @ 1.0-1.8g/t Au • Results to date confirm significant mineralization, eclipsing earlier estimates. Highlights* include: • 60.5 m @ 40.91 g
Slide 10: Saramacca – 2017 Delineation Campaign
Saramacca – 2017 Delineation Campaign • Current phase of 2017 infill drilling program now complete • Completed 19,600 m drilling YTD; results from 78 drill holes recieved Highlights include*: › 60.5 m grading 40.91 g/t Au Including: 19.5 m grading 75.91 g/t Au › 76.6 m grading 7.74 g/t Au › 43.5 m g
Slide 11: Expand and Optimize at Essakane – Burkina Faso
Expand and Optimize at Essakane – Burkina Faso (90%) Ongoing Exploration on Highly Prospective Land Signed power purchase agreement to develop Package with >1,200 sq. Km 15 MW solar plant: • To be integrated with 57MW HFO Plant Falagountou East • Will save 6 million litres of fuel per year • Potenti
Slide 12: Heap Leach Potential - Essakane
Heap Leach Potential - Essakane • Significant volumes of marginal grade mineralized material (below current cutoff grade) within the existing pit designs for the Essakane Main Zone (EMZ). - Primarily fresh rock, in the grade range of 0.3 to 0.6 g/t - Minor volumes of stockpiled marginal grade materi
Slide 13: Continued Ramp-up at Westwood – Quebec
Continued Ramp-up at Westwood – Quebec (100%) March 21, 2017 – Underground Development Quebec regulators • Completed nearly 25 km of underground development in 2016 approve reopening of – averaging 74 meters per day • Underground development continuing to open access mining block (104 level) to new
Slide 14: Sadiola Revitalized – Mali
Sadiola Revitalized – Mali (41%) Sulphide Expansion Project Sadiola Expansion Project 2015 Technical Report1 • Consistent year over year production in 2016 • Extended oxide mine life to 2018 due to exploration success Strip Ratio 3.9 › Expect to continue mining oxides into early 2018 and processing
Slide 15: Development & Exploration
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Slide 16: Peer-Leading Development/Exploration Growth Pipeline
Peer-Leading Development/Exploration Growth Pipeline Côté Gold Boto Gold Pitangui Loma Larga • One of Canada’s • Expanding Malikoundi • Sao Sebastiao deposit • Project in Equador, largest undeveloped deposit in Senegal in Brazil is an advanced operated by INV gold projects • Evaluation studies green
Slide 17: IAMGOLD and Sumitomo Metal & Mining – Strategic Partnership
IAMGOLD and Sumitomo Metal & Mining – Strategic Partnership • Diversifies project risk around Côté Gold Project • Allows for timely construction of Côté project • Creates a partnership with Sumitomo - a well-funded, highly technical mine developer - for future projects and/or acquisitions • Both par
Slide 18: Côté Gold Project Highlights
Côté Gold Project Highlights • One of Canada’s largest undeveloped gold deposits • Located in a prolific mining region six hours north of Toronto • Strong partnerships with northern municipalities, local communities and indigenous community partners • Positive PFS indicates potential for low-cost mi
Slide 19: Strong Project Economics at Côté Gold
Strong Project Economics at Côté Gold PFS PEA Gold Price Assumption for Economic Analysis $1,250/oz $1,200/oz CDN/US exchange Assumption 1.3 1.35 Nominal Mill Capacity 32,000 tpd 29,000 tpd LOM Average Au Recovery 91.8% 91.9% LOM Average Annual Au Production 320,000 ozs 302,000 ozs Mine Life 17 year
Slide 20: Boto – Senegal
Boto – Senegal (100% owned) 2016 Accomplishments • Completed drilling at Malikoundi deposit targeting footwall mineralization and along strike to the north • Initial drill results confirmed wider intervals of mineralization in footwall and extension of high grade mineralization along strike north of
Slide 21: Diakha-Siribaya – Mali
Diakha-Siribaya – Mali 2016 Accomplishments • Diamond and reverse circulation drilling: • Extend the deposit at depth below the current Permit limit resource pit shell; • Test for potential northern strike North 70m @1.55 g/t Au extension of Diakha deposit • Reported assay results included: Extensio
Slide 22: Pitangui – Brazil
Pitangui – Brazil (100% owned) 2016 Accomplishments • Diamond drilling confirmed the presence of favourable host iron formations along strike of the São Sebastião deposit • Permits obtained to allow drilling of the Pitangui Project shallow up-plunge extension of the deposit Iron Quadrangle: >40 Moz
Slide 23: Loma Larga – Optionality via Strategic Investment
Loma Larga – Optionality via Strategic Investment See INV news release dated July 14, 2016 Project Overview PFS Highlights* • IAMGOLD owns ~36% of INV Metals (TSX:INV) Mine Life ~11 years • PFS has robust economics with after-tax IRR of 26.3%, NPV@5% of US$300.9M, payback of 2.7 years Nameplate Capa
Slide 24: Monster Lake – Quebec
Monster Lake – Quebec (50-50 Joint Venture with TomaGold) 2016 Accomplishments • Diamond drilling targeted Monster Lake Shear Zone (“MLSZ”) which hosts the 325-Megane zone • Drilling is interpreted to have intersected a new, mineralized structure parallel to the MLSZ structure 2017 Objectives • Goal
Slide 25: Nelligan – Quebec
Nelligan – Quebec (Earn-In Option with Vanstar Mining) 2016 Accomplishments New Discovery – • Exploration drilling to test Induced Polarization (IP) anomalies have discovered new zones of North gold mineralization Sector • Intersections from new discovery area include: • 35.8 metres grading 1.90 g/t
Slide 26: Eastern Borosi – Nicaragua
Eastern Borosi – Nicaragua (Option Agreement with Calibre Mining) 2016 Accomplishments • Diamond drilling tested selected gold-silver vein systems • Encouraging drilling results reported from a number of vein systems including a new discovery at Veta Loca, which intersected 6.3 metres grading 10.2 g
Slide 27: Optimal Balance Between Short and Long-Cycle Capacity
Optimal Balance Between Short and Long-Cycle Capacity Short-Cycle Capacity Long-Cycle Capacity Rosebel Essakane Westwood Sadiola Future Growth Options Saramacca - Exploration - Full ramp-up Sulphide Cote Gold Project Initial resource Prospective achieved in Expansion 2019 (Pre Feasibility Study expe
Slide 28: Appendix
Appendix
Slide 29: Exploration Targets at Essakane
Exploration Targets at Essakane 2017 Focus • On-going drill program and resource conversion at Falagountou – 1M oz deposit 8km from mill • Drill-test oxide targets to bring prospective areas quickly to the resource development stage • Gourara – exploration drilling (planned) • Tassiri – Mine evaluat
Slide 30: Rosebel – Saramacca and Saddle Zones
Rosebel – Saramacca and Saddle Zones 29
Slide 31: Saramacca – Exploration Potential
Saramacca – Exploration Potential Saramacca Deposit Poorly tested Parallel IP Trend 30
Slide 32: 2017 Production and Cost Guidance
2017 Production and Cost Guidance 2017 Guidance4 Essakane (000s oz.) 370 – 380 Rosebel (000s oz.) 295 – 305 Westwood (000s oz.) 115 – 125 Total owner-operated production (000s oz.) 780 – 810 Joint ventures (000s oz.) 65 – 75 Total attributable production (000s oz.) 845 – 885 Cost of sales1 ($/oz.) $
Slide 33: IAMGOLD Reserve & Resource Statement Revised
IAMGOLD Reserve & Resource Statement Revised Côté Gold Only IAMGOLD Consolidated 2017 Difference 2016 2017 Difference 2016 Year Revised koz % End Revised koz % Year End Contained Gold (Attributable Basis - 000s oz) 12 Total proven and probable mineral reserves 1, 3, 4, 5, 6, 7 3,837 3,837 n/a 0 11,6
Slide 34: Technical Information and Qualified Person/Quality Control Notes
Technical Information and Qualified Person/Quality Control Notes The mineral resource estimates contained in this presentation have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43- 101”). The “Qualified Person” responsible for the supe
Slide 35: Empowering People, Extraordinary Performance
Ken Chernin Laura Young Shae Frosst VP, Investor Relations Director, Investor Relations Associate, Investor Relations T: 416-360-4743 T: 416-933-4952 T: 416-933-4738 Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l
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