Iamgold Corporation · TSX:IMG
Iamgold — European Gold Forum 2019
44 slides from Iamgold's conference presentation, Apr 9, 2019
Slide 1: European Gold Forum
European Gold Forum Carol Banducci, Executive Vice President & Chief Financial Officer April 9, 2019 TSX: IMG l NYSE: IAG
Slide 2: Cautionary Statement
Cautionary Statement All information included in this presentation whether in narrative or chart form, 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 s
Slide 3: Technical Information and Qualified Persons
Technical Information and Qualified Persons The mineral resource estimates contained in this news release 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 review and approval of al
Slide 4: Building a Cash Flow Pipeline
Building a Cash Flow Pipeline IAMGOLD is dual-listed on the TSX and Attributable gold production NYSE with key operating mines in Burkina 2019 Guidance Faso (Essakane), Suriname (Rosebel) 810 – 870,000 and Canada (Westwood). Total cash cost AISC $765 – $815/oz. $1,030 – 1,080 1 2 3 4 CREATING DIVERS
Slide 5: Creating Superior Shareholder Value
1 2 3 4 Creating Superior Shareholder Value WE ARE BUILDING STRONG CASH FLOWS THROUGH: Current Production Operational improvements at our current sites: • Debottleneck Essakane mill; • Continue Saramacca development; • Progress development at Westwood; • Complete Essakane CIL Feasibility Study. Rose
Slide 6: Diversifying Our Portfolio
1 2 3 4 Diversifying Our Portfolio MAP OF OPERATING, DEVELOPMENT AND EXPLORATION PROJECTS Operating Mine Development Project Advanced Exploration NORTH AMERICA Westwood Côté Gold Nelligan ATTRIBUTABLE MEASURED AND Monster Lake INDICATED RESOURCES CENTRAL AMERICA Eastern Borosi 23% 42% South America
Slide 7: Maintaining a Strong Balance Sheet
1 2 3 4 Maintaining a Strong Balance Sheet Cash and cash equivalents $615 M Short-term investments $119 M Available credit facility1 $500 M Total Liquidity As at Dec 31, 2018 $1,234 M Forward Sale Funds Receipt: Dec. 2019 + $170 M On January 15, 2019, IMG entered into a forward gold sale arrangement
Slide 8: Ensuring a Robust Pipeline
1 2 3 4 Ensuring a Robust Pipeline FUTURE PRODUCTION OPPORTUNITIES GROWTH OPPORTUNITIES Monster Lake Quebec Nelligan Quebec Camp Caiman French Guiana Saramacca, Suriname Mill Optimization, Burkina Faso Diakha-Siribaya Mali Eastern Borosi Nicaragua Côté Gold Project, Canada Boto Gold Project, Senegal
Slide 9: Pipeline of Near Term Catalysts
Pipeline of Near Term Catalysts H1 2019 H2 2019 2020 Pending Market Conditions $170 Million Gold Saramacca Saramacca Côté Investment Prepay Agreement Production Full Production Decision Essakane Diakha-Siribaya Expect delivery Boto Investment Debottleneck Updated Resource of Boto Mining Permit Decis
Slide 10: Attributable Reserves
129% Increase in Reserves Since 2016 20 17.9 Moz 18 14.5 Moz Attributable Reserves (Moz) 1,2 16 Reserve Increases5 14 Rosebel3: +1.3Moz 12 Côté: +0.9Moz Essakane: +0.9Moz 10 7.8 Moz Boto: +0.3Moz 8 6 4 2 0 2016 2017 2018 4 1 Mineral reserves have been estimated at December 31, 2017 and 2018 using a
Slide 11: Leveraging Existing Asset Base
Leveraging Existing Asset Base 11
Slide 12: Rosebel Gold Mine, Suriname
Rosebel Gold Mine, Suriname 12
Slide 13: Rosebel – Overview
Rosebel – Overview OVERVIEW Brokopondo district in north eastern Suriname Ownership • 95% IAMGOLD, 5% Government of Suriname South Mining Method • Conventional open pit methods Paramaribo America Guyana Production • Began commercial production in 2004 Status Rosebel French • Updated 43-101 disclosed
Slide 14: Rosebel – Consolidating a Gold District
Rosebel – Consolidating a Gold District Joint Venture 45km radius Pits Existing concessions subject to the UJV Gross Rosebel right of Brokolonko exploitation not subject to the UJV 14
Slide 15: Essakane Gold Mine, Burkina Faso
Essakane Gold Mine, Burkina Faso 15
Slide 16: Essakane – Overview
Essakane – Overview OVERVIEW North-eastern Burkina Faso, West Africa Morocco Ownership • 90% IAMGOLD, 10% Government of Burkina Faso Algeria • Conventional drill, blast, load and haul surface Western Mining Method Sahara mining method Africa • Began commercial production in July 2010 Mauritania Mali
Slide 17: Essakane – Regional Exploration Targets
Essakane – Regional Exploration Targets BROWNFIELD SUCCESS • ~1 Moz of resources delineated at Falagountou West and East, 8 kilometres east of Essakane; evaluating potential to increase resources at both deposits • During Q4’18, completed approximately 4.2km RC and diamond drilling on the mine lease
Slide 18: Westwood Gold Mine, Canada
Westwood Gold Mine, Canada 18
Slide 19: Westwood – Overview
Westwood – Overview OVERVIEW Northwestern Québec – A Prolific Gold Mining Camp Ownership • 100% IAMGOLD Mining Method • Underground • Commenced commercial production Production July 2014 Status • Progressing development LOM • Mine life to 2033 • 100 – 120koz 2019 Guidance • Sustaining capex: $15mm •
Slide 20: Development Projects
Development Projects 20
Slide 21: Côté Gold Project Ontario
Côté Gold Project Ontario (64.75%) OVERVIEW FEASIBILITY STUDY HIGHLIGHTS1 Mining: open pit Mine Capacity: 62 Mtpa • Gogama, Ontario, 130 km southwest of Location Timmins; 200 km northwest of Sudbury Process: crush, grind, gravity, leach, CIP Mill Capacity: 13.1 Mtpa • Land package covering 500 km 2
Slide 22: Boto Gold Senegal
Boto Gold Senegal (90%) OVERVIEW FEASIBILITY STUDY HIGHLIGHTS3 Mining: open pit Mine Capacity: 18.2 Mtpa • Senegal, West Africa Location • Along same trend as B2Gold’s Fekola Mine Process: crush, grind, leach, CIP Mill Capacity: 2.75 Mtpa in Mali Mill Daily Throughput 7,500 tpd Ownership • 90% IAMGO
Slide 23: Re-seeding the Pipeline
Re-seeding the Pipeline >5 Moz Au Brownfield >2 Moz Au Advance Greenfield <2 Moz Au Greenfield Production Fala/Fala E Côté Boto Saramacca Feasibility Study Sadiola Pre-feasibility Study Monster Lake Diakha Yorbeau Saõ Sebastiaõ Gossey E. Borosi Initial Resource / Scoping Nelligan Tassiri Korizena Je
Slide 24: IAMGOLD: Building a Cash Flow Pipeline
IAMGOLD: Building a Cash Flow Pipeline Our vision is to be the global leader in generating superior value for our stakeholders through accountable mining. 1 2 3 4 CREATING DIVERSIFYING MAINTAINING ENSURING superior our portfolio a strong a robust shareholder value balance sheet pipeline 24
Slide 25: Mineral Reserves and Resources
2018 Mineral Reserves and Resources 25
Slide 26: 2018 Mineral Reserves and Resources
2018 Mineral Reserves and Resources Mineral resources (“resources”) and mineral reserves (“reserves”) have been estimated as at December 31, 2018 pursuant to Canadian securities regulatory requirements, specifically the requirements of National Instrument 43-101 and the definitions of resources and
Slide 27: Gold Mineral Reserves
Gold Mineral Reserves1 100% BASIS RESERVES Proven Probable Contained Contained Tonnes Grade Tonnes Grade As at December 31, 2018 Ounces Ounces (000s) (g/t) (000s) (g/t) (000s) (000s) Rosebel 29,776 0.6 587 100,583 1.0 3,208 Saramacca — — — 26,549 1.8 1,542 Essakane — — — 148,812 0.9 4,380 Westwood 1
Slide 28: Gold Mineral Reserves
Gold Mineral Reserves1 ATTRIBUTABLE RESERVES Proven Probable Contained Contained Tonnes Grade Tonnes Grade As at December 31, 2018 Ounces Ounces (000s) (g/t) (000s) (g/t) (000s) (000s) Rosebel (95%) 28,287 0.6 558 95,554 1.0 3,048 Saramacca (66.5%) — — — 17,655 1.8 1,025 Essakane (90%) — — — 133,931
Slide 29: Gold Mineral Resources
Gold Mineral Resources1,2 (Measured and Indicated Resources are Inclusive of Proven and Probable Reserves) 100% BASIS RESOURCES Measured Indicated Inferred Contained Contained Contained As at December 31, 2018 Tonnes Grade Tonnes Grade Tonnes Grade Ounces Ounces Ounces (000s) (g/t) (000s) (g/t) (000
Slide 30: Gold Mineral Resources
Gold Mineral Resources1,2 (Measured and Indicated Resources are inclusive of Proven and Probable reserves) ATTRIBUTABLE RESOURCES Measured Indicated Inferred Contained Contained Contained As at December 31, 2018 Tonnes Grade Tonnes Grade Tonnes Grade Ounces Ounces Ounces (000s) (g/t) (000s) (g/t) (0
Slide 31: Côté Gold Project – Reserves & Resources History
Côté Gold Project – Reserves & Resources History CÔTÉ GOLD - IMG ATTRIBUTABLE RESERVES & RESOURCES 10.0 1.0 9.0 0.9 30% share 8.0 sold to SMM. 0.8 Initial Reserve Declared 7.0 from PFS 0.7 Ore Grade (g/t Au) Ounces Au (Moz) 6.0 0.6 5.0 0.5 4.0 0.4 3.0 0.3 2.0 0.2 1.0 0.1 0 14.5 Moz 1 0 2012.02 2012.
Slide 32: Appendix
Appendix tf [IAMGOLD 32
Slide 33: 2019 Capital Expenditure Outlook
2019 Capital Expenditure Outlook SUMMARY BY SITE Current Guidance $millions Non- 1 Sustaining Sustaining Total Essakane $75 $50 $125 Rosebel $70 $75 $145 Westwood $15 $30 $45 Owner-operator $160 $155 $315 Corporate and Development Projects2 – $40 $40 Total owner-operator3 $160 $195 $355 Sadiola (Joi
Slide 34: Nelligan
Nelligan Quebec (51% JV Interest) OVERVIEW HIGHLIGHTS Renard Zone drill hole results1: Location • Quebec • NE-18-84: 82.6 metres grading 3.30 g/t Au • 51% JV Interest, option to earn up to 80% Ownership • NE-18-95: 42.1 metres grading 3.59 g/t Au interest • NE-18-96: 27.8 metres grading 5.69 g/t Au
Slide 35: Monster Lake
Monster Lake Quebec (50% JV Interest) OVERVIEW RESOURCE Location • Quebec 100% Tonnes Grade Contained Ounces • 50:50 JV with TomaGold, with option to earn Basis (000) (g/t) (000 Au) Ownership up to a 75% interest Inferred1 1,114 12.14 435 • Continuing to better define and extend the 325-Megane Zone
Slide 36: Diakha-Siribaya
Diakha-Siribaya Mali (90%) OVERVIEW RESOURCE • Located approximately 10km south along 100% Tonnes Grade Contained Ounces strike from the Boto Gold Project in Senegal Basis (000) (g/t) (000 Au) • 20182: 14,600 metres of RC & DD drilling completed. Results include: Measured 18,031 1.28 744 › 1.61 g/t
Slide 37: Pitangui
Pitangui Brazil (100%) OVERVIEW RESOURCE Tonnes Grade Contained Ounces • Banded iron formation hosted deposit (000) (g/t) (000 Au) • 25 km from Jaguar’s Turmalina mill Highlights • 2017 drilling program resulted in a 21% Inferred1 5,365 4.7 819 increase in inferred resources • Continuing to test pri
Slide 38: Loma Larga: Optionality via Strategic Investment
Loma Larga: Optionality via Strategic Investment Ecuador (~36%) OVERVIEW FEASIBILITY STUDY HIGHLIGHTS1 Mine Life ~12 years Nameplate Capacity 3,000 tpd • IAMGOLD owns ~36% of INV Metals (TSX:INV) Annual Average Gold Production 130,000 oz • FS has robust economics with after-tax IRR of Gold Grade 4.9
Slide 39: Eastern Borosi
Eastern Borosi Nicaragua (51% JV Interest) OVERVIEW RESOURCE • Earn-in option with Calibre Mining; 100% Tonnes Grade Contained Ounces Ownership IAMGOLD can earn up to a 70% interest Basis (000) AuEq (g/t) (000 Au) Inferred1,2 4,418 5.7 812 • Multiple high grade Au-Ag epithermal vein Highlights syste
Slide 40: Notes
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Slide 41: Notes
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Slide 42: Notes
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Slide 43: Notes
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Slide 44: Investor Relations contacts
Indi Gopinathan Martin Dumont Investor Relations Lead Senior Analyst, Investor Relations T: 416-360-4743 T: 416-933-5783 TSX: IMG l NYSE: IAG44