Iamgold Corporation · TSX:IMG
Iamgold — Morgan Stanley Metals & Mining Corporate Access Days 2014
27 slides from Iamgold's conference presentation, Mar 20, 2014
Slide 1: Cash Preservation, Cost Reduction, Disciplined Capital Allocation
Cash Preservation Cost Reduction Disciplined Capital Allocation Gordon Stothart EVP and Chief Operating Officer Morgan Stanley Metals & Mining Corporate Access Days- March 20, 2014 TSX: IMG NYSE: IAG
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
Slide 3: IAMGOLD's High Quality, Long-Life Assets
IAMGOLD’s High Quality, Long-Life Assets YATELA SADIOLA Senegal ESSAKANE Mali Boto WESTWOOD Siribaya NIOBEC Burkina Faso Val d’Or Suriname MOUSKA Colombia Côté Gold ROSEBEL Peru Niobium Mine Brazil GOLD Mines Development Project Advanced Exploration Exploration Office Six Gold Mines: 2014 Production
Slide 4: 2013 Highlights
2013 Highlights Attributable gold production of 835,000oz. for 2013 Westwood start-up on time Essakane expansion completed; expect ~25% increase in 2014 production Reduced power costs at Rosebel, 2013 production down due to grade Record niobium production and operating margin Excellent exploration p
Slide 5: Focused on Economic Returns
Focused on Economic Returns Continuing initiatives to increase operating efficiencies 2014 CAPEX guidance of $400M is 40% less than in 2013 Continuing to optimize LOMs Optionality with expansion projects Deferrals or staged development options Rosebel full expansion deferred to 2015-2016 Continuing
Slide 6: 2013 Reserves and Resources
2013 Reserves and Resources1 As of December 31, 2013 2013 Change 2012 Gold (000s attributable oz. contained) Total proven and probable mineral reserves 10,127 (11%) 11,327 Total measured and indicated mineral resources 2,3 23,408 4% 22,603 Total inferred resources 6,299 3% 6,093 Niobium (millions of
Slide 7: Delivered on Strategic Priorities
Delivered on Strategic Priorities Exceeded Cost Reduction Target Spent Less Capital than Planned Preserved Cash 7
Slide 8: 2013 Cost Reduction: $125M – 25% Above Target
2013 Cost Reduction: $125M – 25% Above Target $54 Operations $75 $40 Exploration $41 $6 Corporate $9 0 10 20 30 40 50 60 70 80 Target Realized 8
Slide 9: Disciplined Capital Allocation Strategy
Disciplined Capital Allocation Strategy Rosebel Expansion Full expansion postponed to 2015-2016 for construction DEPENDS ON AVAILABILITY OF CAPITAL AND EXPANSION SUCCESS AT SURROUNDING JV ORE BODIES Sadiola Waiting for JV partner to decide to proceed WILL NOT PROCEED ALONE REGARDLESS OF PROJECT ECON
Slide 10: Liquidity
Liquidity We are committed to preserving our financial liquidity. $1,134 $millions 250 500 162 222 As at end of 2013 Cash & cash equivalents Gold bullion at market Unused credit facility Unused Niobec credit facility The Company has $650 million of senior unsecured notes due in October 2020. 10
Slide 11: Operations Review
Operations Review 11
Slide 12: Rosebel - Suriname
Rosebel - Suriname Rosebel resources 2014 Outlook Areas being considered for next expansion: › Focus on equipment availability and fleet Charmagne productivity yielding results West Charmagne Headley’s Reef › 2013 power agreement and solar plant to reduce Sarafina power costs › Targeting soft rock r
Slide 13: Essakane – Burkina Faso
Essakane – Burkina Faso 2014 Outlook 1,383 km2 › New hard rock line to be ramped up at the end of land position Q1, expected to increase grades in H2 › Higher grades to offset cost of increased energy consumption › Expect 25% increase in gold production in 2014 › Assessing opportunity to access grid
Slide 14: Doyon Division – Canada
Doyon Division – Canada 2014 Outlook › H1 focus will be on underground development › Access to rehabilitated levels re-opened -1,000 m › 80% of gold production in H2 › 2014 production 100,000 - 120,000oz. -2,000 m Focus now on Westwood 14
Slide 15: Sadiola & Yatela – Joint Ventures in Mali
Sadiola & Yatela – Joint Ventures in Mali 2014 Production Guidance Sadiola Overview › Continuing to assess expansion options 90,000 - 100,000oz. (attributable) › Capital limited to prior commitments, sustaining capital and capitalized stripping Yatela Overview Outlook › Produced >2 Moz 2001 to date
Slide 16: Niobec – Quebec
Niobec – Quebec Overview 2014 Production Guidance › 2013 a record year with 5.3Mkg of production at an average margin of $18/kg, due to strong recoveries and higher grade 4.7 - 5.1 Mkg Nb › Expansion would triple production and increase mine life to 46 years Niobium is a scarce metal that strengthen
Slide 17: Côté Gold – Well Established Infrastructure
Côté Gold – Well Established Infrastructure Mineral Resource Estimate Effective December 31, 2012 Rail Timmins Roads Tonnes Grade Contained Ounces Power lines (millions) (g/t) (million ozs) 500 kV Indicated 101 CN Rail Power line 0.25 g/t Au cut-off 278 0.86 7.68 Côté Gold 144 Chapleau Property 115
Slide 18: Exploration Review
Exploration Review # IAMGOLD CORPORATION
Slide 19: 2014 Exploration Program - $87.7 Million
2014 Exploration Program - $87.7 Million1 ($ millions) Capitalized Expensed Total Exploration projects – greenfield 0.2 38.2 38.4 Exploration projects – brownfield1 18.4 11.6 30.0 18.6 49.8 68.4 Côté Gold studies 15.0 - 15.0 Other scoping and pre-feasibility - 4.3 4.3 studies 15.0 4.3 19.3 Explorati
Slide 20: Resource Development and Brownfield Exploration
Resource Development and Brownfield Exploration ESSAKANE ROSEBEL Focused on the Sokadie Focused on identifying and Tassiri prospects additional transitional and south of the main pit soft rock resources Drilling campaign Assessing drilling results commenced at two priority over several priority
Slide 21: Greenfield: Boto Gold Project, Senegal
Greenfield: Boto Gold Project, Senegal Indicated resource of 1.1Moz. at 1.62 g/t Au Potential to further expand the current resource Completed 13,000 metre drilling program in 2013 Commissioning scoping study Source: Updated Resource Estimate for Boto Gold, effective April 19, 2013. Note: CIM De
Slide 22: Greenfield: Pitangui Project, Brazil
Greenfield: Pitangui Project, Brazil Completed 14,300 metres of drilling at Sâo Sabastiâo in 2013 Preliminary metallurgical test work encouraging Initial mineral resource estimate nearing completion 22
Slide 23: Conclusion
Conclusion The future of IAMGOLD 2014 Capital Expenditure Outlook 2014 Guidance Why invest in IAMGOLD? 23
Slide 24: 2014 Capital Expenditure Outlook
2014 Capital Expenditure Outlook1 Development/ ($ millions) Sustaining Expansion Total Rosebel 70 30 100 Essakane 80 25 105 Westwood 35 55 90 Côté Gold - 15 15 Total owner-operated gold 185 125 310 Niobec 20 50 70 Total consolidated 205 175 380 Joint ventures – Sadiola2 10 10 20 Total 215 185 400 1
Slide 25: 2014 Guidance
2014 Guidance Guidance gold production Rosebel (000s oz.) 330 - 350 Attributable Essakane (000s oz.) 315 - 330 Doyon division (000s oz.)1 100 - 120 Total owner-operated production (000s oz.) 745 - 800 Joint ventures (000s oz.) 90 - 100 Total attributable production (000s oz.) 835 - 900 Total cash co
Slide 26: Why invest in IAMGOLD?
Why invest in IAMGOLD? Diversified portfolio of long-life producing gold mines Unique niobium asset with history of consistent profitability New producing gold mine with resource grade averaging 10 g/t Au Optimizing economic returns with optionality for growth Exploration pipeline of selec
Slide 27: Morgan Stanley Conference
Morgan Stanley Conference March 20th, 2014 Investor Relations info@iamgold.com Bob Tait Laura Young Penelope Talbot-Kelly VP, Investor Relations Director, Investor Relations Analyst, Investor Relations T: 416-360-4743 T: 416-933-4952 T: 416-933-4738 TSX: IMG NYSE: IAG
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