Iamgold Corporation · TSX:IMG
Iamgold — Investor Presentation (November 2021)
40 slides from Iamgold's investor presentation, November 2021
Slide 1: Corporate Presentation
NOVEMBER 2021 CORPORATE PRESENTATION Sunrise over the Côté Gold Project, Canada Corporate Presentation November 2021 TSX: IMG l NYSE: IAG www.iamgold.com
Slide 2: Cautionary Statement
NOVEMBER 2021 CORPORATE PRESENTATION Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This presentation contains statements which constitute forward-looking information or forward-looking statements within the meaning of applicable securities laws (collectively referre
Slide 3: Technical Information and Qualified Persons
NOVEMBER 2021 CORPORATE PRESENTATION Technical Information and Qualified Persons QUALIFIED PERSON AND TECHNICAL INFORMATION The technical and scientific information relating to exploration activities disclosed in this document was prepared under the supervision of and verified and reviewed by Craig
Slide 4: IAMGOLD – Positioned for Profitable Growth
NOVEMBER 2021 CORPORATE PRESENTATION IAMGOLD – Positioned for Profitable Growth Diversified Operating • Operating in three regions (North/South America, W. Africa) with 2021 guidance of 565-605koz1 I Portfolio • Company-wide operational excellence program underway • Zero Harm® commitment and focus o
Slide 5: Developing High Potential Mining Districts in Key Regions
NOVEMBER 2021 CORPORATE PRESENTATION I Diversified Operating Portfolio Developing High Potential Mining Districts in Key Regions M&I RESOURCES ATTRIBUTABLE1,2 IAMGOLD Mining District Operating Mine 34% 28% Construction / North West Africa Development Project America Advanced Exploration CHIBOUGAMAU
Slide 6: Mining Regions: Key Operating Assets
NOVEMBER 2021 CORPORATE PRESENTATION I Diversified Operating Portfolio Mining Regions: Key Operating Assets ESSAKANE ROSEBEL WESTWOOD Burkina Faso Suriname Canada (90% Ownership) (95% RGM | 66.5% (100% Ownership) Saramacca3) W. Africa S. America N. America Stable Producer of ~400kozpa on a Long
Slide 7: Third Quarter and YTD 2021 Highlights
NOVEMBER 2021 CORPORATE PRESENTATION I Diversified Operating Portfolio Third Quarter and YTD 2021 Highlights SUMMARY OPERATING RESULTS & OUTLOOK • Attributable production in Q3 of 153,000 ounces and 448,000 ounces Q3 YTD 2021 YTD 2021: unit 2021 2021 Guidance • Essakane continued to perform well, be
Slide 8: Environmental, Social and Governance (ESG)
NOVEMBER 2021 CORPORATE PRESENTATION II Culture of Accountable Mining Environmental, Social and Governance (ESG) Zero Harm® is our commitment to continually strive to reach the highest standards in human health & safety, minimize our environmental footprint, and work co-operatively with our host com
Slide 9: Environmental, Social and Governance (ESG)
NOVEMBER 2021 CORPORATE PRESENTATION II Culture of Accountable Mining Environmental, Social and Governance (ESG) INITIATIVES & • Commissioned one of the world’s largest hybrid solar/thermal plants at Essakane HIGHLIGHTS • Public-Private Partnership with Canada’s Gov’t, One Drop Foundation, and Cowat
Slide 10: COVID-19: Q3 2021 Update
NOVEMBER 2021 CORPORATE PRESENTATION II Culture of Accountable Mining COVID-19: Q3 2021 Update Previously implemented health & safety COVID-19 protocols remain in place at our sites • Essakane – COVID-19 situation remains stable at site with ~60% of workforce vaccinated • Rosebel – COVID-19 situatio
Slide 11: Côté Gold: Robust, Tier I, Low-cost and Long-life Asset
NOVEMBER 2021 CORPORATE PRESENTATION III Compelling Value & Production Growth Côté Gold: Robust, Tier I, Low-cost and Long-life Asset PROJECT STATUS1 PROJECT COSTS1,4 EMERGING GOLD DISTRICT2 ~36% overall project completion $368M incurred (from Jul ’20 to Oct ‘21) 7.2 Moz P&P | 13.6 Moz M&I ~85% deta
Slide 12: Côté Gold: Construction on Schedule
NOVEMBER 2021 CORPORATE PRESENTATION III Compelling Value & Production Growth Côté Gold: Construction on Schedule1 ~36% ~85% $860 – $910M project completion detailed engineering remaining costs estimate1,2 7.2 Moz P&P Reserves3 13.6 Moz M&I Resources3 5.5 Moz Inferred Resources3 Q3 2021 Progress • E
Slide 13: Côté Gold: Project Timeline
NOVEMBER 2021 CORPORATE PRESENTATION III Compelling Value & Production Growth Côté Gold: Project Timeline 2020 2021 2022 2023 2024 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Project Completion ~36% Project Costs1 $265M $150M $590 – $620M $120 – $140M Remaining Estimated Allocation of Tota
Slide 14: Côté Gold: Construction Progress (October 2021)
NOVEMBER 2021 CORPORATE PRESENTATION III Compelling Value & Production Growth Côté Gold: Construction Progress (October 2021) A virtual 360° tour of the Côté site is accessible here PLANT SITE FOUNDATIONS CLAM LAKE DAM EARTHWORKS TEMPORARY POND & SUPPORT BUILDINGS PADS CAMP SITE 14
Slide 15: Gosselin 2021 Initial Resource Estimate
NOVEMBER 2021 CORPORATE PRESENTATION III Compelling Value & Production Growth Gosselin 2021 Initial Resource Estimate HIGHLIGHTS Côté Gold Project – Mineral Reserves & Resources (2021)2,3 • Gosselin zone adjoins the Côté deposit to the northeast with IMG Attrib. potential to further expand district-
Slide 16: Financial Position
NOVEMBER 2021 CORPORATE PRESENTATION IV Financial Capacity Financial Position $500 million NET CASH Undrawn Credit Facility1 Q3 Q2 Q1 (In $ Millions) 2021 2021 2021 Cash, equivalents & STI $748.3 $829.8 $967.8 Lease liabilities & equipment loans3 ($83.0) ($85.7) ($89.0) Long term debt4 ($450.0) ($45
Slide 17: Robust Exploration Pipeline
NOVEMBER 2021 CORPORATE PRESENTATION V Robust Pipeline of Projects Robust Exploration Pipeline West Africa North America South America Essakane Westwood UG Rosebel >5 Moz Au Production Grand Duc Saramacca >2 Moz Au <2 Moz Au Côté Construction Brownfield Advanced Greenfield Greenfield Boto Fayolle Fe
Slide 18: 2021 Progress
NOVEMBER 2021 CORPORATE PRESENTATION 2021 Progress1 Updated Target Progress Essakane Completion of mill optimization project Q1 2021 Completed Rosebel Completion of Saramacca non-critical infrastructure H1 2022 Ongoing Westwood Westwood underground re-start2 H2 2021 Ongoing Start of major earthworks
Slide 19: Operations
NOVEMBER 2021 CORPORATE PRESENTATION Operations Hybrid Solar/Thermal Plant at Essakane Gold Mine • Commissioned in 2018 • 15 MWp solar plant produces ~27 MWh of carbon-free electricity per year • ~130,000 photovoltaic panels • Supplements an existing 57 MW thermal plant • One of the world’s largest
Slide 20: Essakane Gold Mine, Burkina Faso
NOVEMBER 2021 CORPORATE PRESENTATION Essakane Gold Mine, Burkina Faso 20
Slide 21: Essakane – Stable Producer of ~400kozpa on a 100% basis
NOVEMBER 2021 CORPORATE PRESENTATION Essakane – Stable Producer of ~400kozpa on a 100% basis OVERVIEW KEY NOTES North-eastern Burkina Faso, West Africa Ownership • 90% IAMGOLD, 10% Government of Burkina Faso CIL (carbon-in-leach) Debottlenecking Mining • Conventional open pit Mill upgrade project
Slide 22: Rosebel Gold Mine, Suriname
NOVEMBER 2021 CORPORATE PRESENTATION Rosebel Gold Mine, Suriname 22
Slide 23: Rosebel – Long Operating History with District Potential
NOVEMBER 2021 CORPORATE PRESENTATION Rosebel – Long Operating History with District Potential OVERVIEW KEY NOTES Brokopondo district in north-eastern Suriname Ownership • Gross Rosebel Concession (RGM): 95% IAMGOLD, 5% Saramacca Satellite Deposit Government of Suriname Production ramp-up complete
Slide 24: Westwood Gold Mine, Canada
NOVEMBER 2021 CORPORATE PRESENTATION Westwood Gold Mine, Canada 24
Slide 25: Westwood – Established Base in Prolific Abitibi Gold Camp
NOVEMBER 2021 CORPORATE PRESENTATION Westwood – Established Base in Prolific Abitibi Gold Camp OVERVIEW KEY NOTES Northwestern Québec, Canada Ownership • 100% IAMGOLD Current Status Mining • Underground Method • Grand Duc satellite open pit Underground operations in the East CANADA Zone recommence
Slide 26: Westwood – “Hub-and-Spoke” Model
NOVEMBER 2021 CORPORATE PRESENTATION Westwood – “Hub-and-Spoke” Model ATTRACTIVE DISTRICT EXPLORATION POTENTIAL1 THAT COULD SUPPLEMENT EXCESS MILL CAPACITY FAYOLLE PROPERTY (OP) A B ROUYN GOLD PROJECT (UG) 100% ACQUIRED FROM MONARCH GOLD IN JUNE 2020 A Fayolle OPTION TO ACQUIRE 100% FROM YORBEAU RES
Slide 27: Development and Exploration Projects
NOVEMBER 2021 CORPORATE PRESENTATION Development and Exploration Projects 27
Slide 28: Bambouk District: Boto – Karita – Diakha-Siribaya
NOVEMBER 2021 CORPORATE PRESENTATION Bambouk District: Boto – Karita – Diakha-Siribaya Boto Gold (90% ownership) Yatela Deposit Operation 1.6Moz • Along same trend as B2Gold’s Fekola Mine in Mali Sadiola RESERVES1 • Mining permit received in 2019 for a period of 20 years2 2.0Moz • 2019 Optimization
Slide 29: Chibougamau: Emerging Prospective District in Québec, Canada
NOVEMBER 2021 CORPORATE PRESENTATION Chibougamau: Emerging Prospective District in Québec, Canada NELLIGAN (75% JV INTEREST) • Located 60 kilometres southwest of Chibougamau, Québec • Exercised option to increase undivided interest to 75% (from 51%), following completion of NI 43-101 Technical Repor
Slide 30: Advancing Exploration Activities in Key Districts
NOVEMBER 2021 CORPORATE PRESENTATION Advancing Exploration Activities in Key Districts IP Survey – Saramacca, Suriname 2021 EXPLORATION BUDGET YTD 2021 (US$ millions) 2021 Guidance2 Exploration – Greenfield $22.2 $33.0 Exploration – Brownfield1 $14.0 $23.0 Total Exploration Expenditures $36.2 $56.0
Slide 31: IAMGOLD – Positioned for Profitable Growth
NOVEMBER 2021 CORPORATE PRESENTATION IAMGOLD – Positioned for Profitable Growth Diversified Operating Culture of I Portfolio II Accountable Mining Robust Pipeline Strong Compelling Value & V of Projects ESG III practices Production Growth IV Financial Capacity 31
Slide 32: Appendix
NOVEMBER 2021 CORPORATE PRESENTATION Appendix 32
Slide 33: 2021 Outlook vs. YTD (Q3 Update)
NOVEMBER 2021 CORPORATE PRESENTATION 2021 Outlook vs. YTD (Q3 Update)1 PRODUCTION & COST GUIDANCE vs YTD 2021 CAPITAL EXPENDITURE GUIDANCE vs YTD 20212 2021 YTD Results Sustaining Expansion1 Total (000s oz) GUIDANCE1 (Q3 2021) ($ millions) Guidance YTD Guidance YTD Guidance YTD Essakane (90%) 390 –
Slide 34: YTD 2021 Operating Highlights: Q3 2021
NOVEMBER 2021 CORPORATE PRESENTATION YTD 2021 Operating Highlights: Q3 20211 Attributable Capital Production Cash Costs2 AISC2 Expenditures3 (000s oz) ($/oz sold) ($/oz sold) ($ millions, 100%) Essakane (90%) 314 $901 $1,051 $88.6 Rosebel (95%) 112 $1,548 $1,875 $68.2 Westwood (100%) 22 $2,176 $2,50
Slide 35: Reducing Input Exposure Through Hedging
NOVEMBER 2021 CORPORATE PRESENTATION Reducing Input Exposure Through Hedging 2021 2022 2023 2024 Foreign Currency Canadian dollar contracts1 (millions of C$) 156 330 185 – Rate range1 (USDCAD) 1.28 – 1.47 1.30 – 1.48 1.30 – 1.46 – Hedge ratio2 31% 37% 38% – Commodities3,4 Brent oil contracts (barrel
Slide 36: Côté District – Mineral Reserves and Resources (100% Basis)
NOVEMBER 2021 CORPORATE PRESENTATION Côté District – Mineral Reserves and Resources (100% Basis) increase in total resources of the Côté deposit of Côté M&I resources Côté District – Mineral Reserves & Resources (2021)2 2.8x since acquisition 73% classified as M&I resources 71% converted to P&P rese
Slide 37: Gold Mineral Reserves – Attributable
NOVEMBER 2021 CORPORATE PRESENTATION Gold Mineral Reserves – Attributable As at December 31, 2020 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
Slide 38: Gold Mineral Resources – Attributable
NOVEMBER 2021 CORPORATE PRESENTATION Gold Mineral Resources1,2 – Attributable (Measured & Indicated Resources are inclusive of Proven & Probable Reserves) As at December 31, 2020 MEASURED INDICATED MEASURED + INDICATED INFERRED Effective Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces To
Slide 39: Notes to the Gold Mineral Resources Statement
NOVEMBER 2021 CORPORATE PRESENTATION 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 rea
Slide 40: Investor Relations Contacts
NOVEMBER 2021 CORPORATE PRESENTATION Graeme Jennings, VP, Investor Relations & Corporate Communications 416-388-6883 Philip Rabenok, Manager, Investor Relations 647-967-9942