Iamgold Corporation · TSX:IMG
Iamgold — BAML Global Metals, Mining & Steel Conference 2017
30 slides from Iamgold's conference presentation, May 2017
Slide 1: BAML Global Metals, Mining & Steel Conference
BAML Global Metals, Mining & Steel Conference May 2017 GORD STOTHART, EVP & COO 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: Our Vision
Our Vision Growing intermediate gold producer in established mining camps • Become a 1 million ounce gold producer by 2020 • 20-25% organic production growth • Lower AISC to $900 to $950 by 2020 • Targeting 10-15% reduction • Extending mine lives • Add 1 million ounces of Reserves and Resources by 2
Slide 4: Executing on our Strategy
Executing on our Strategy Optimizing all Focus on organic Position Prudent financial Industry leading operations growth company for management CSR performance opportunities long-term and flexibility growth • Focus on cost • Brownfield • Maintain one of • Opportunistic • Maintain best in containment,
Slide 5: Total Liquidity
Liquidity Cash, cash equivalents & restricted cash1 $1,185 Redemption of 6.75% senior unsecured notes (April 3, 2017) -$506 Cash, cash equivalents & restricted cash1 $679 Available credit facility1 $247 Total Liquidity* $814 *Excludes restricted cash of $112M (as at March 31, 2017). 1 As at March 31
Slide 6: Optimizing Operations & Organic Growth Opportunities
Optimizing Operations & Organic Growth Opportunities
Slide 7: 2017 Production and Cost Guidance
2017 Production and Cost Guidance 2017 Guidance4 Essakane (000s oz.) 370 – 380 Rosebel (000s oz.) 295 – 305 Westwood (000s oz.) 115 – 125 Total owner-operated production (000s oz.) 780 – 810 Joint ventures (000s oz.) 65 – 75 Total attributable production (000s oz.) 845 – 885 Cost of sales1 ($/oz.) $
Slide 8: Transforming Rosebel - Suriname (95%)
Transforming Rosebel - Suriname (95%) Saramacca • Acquired rights to Saramacca in 2016 • 25km southwest from Rosebel mill • Historical data suggested .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 9: 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 10: Expand and Optimize at Essakane – Burkina Faso (90%)
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 11: Continued Ramp-up at Westwood – Quebec (100%)
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 12: Rebirth for Sadiola – Mali (41%)
Rebirth for Sadiola – 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 13: Development & Exploration
IAMGOLD’ CORPORATION emcargea A. a, Me ee
Slide 14: 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 15: Côté Gold – Organic Growth Optionality in World-Class Camp
Côté Gold – Organic Growth Optionality in World-Class Camp Project Highlights Project Economics and Key Parameters1, 2 • One of Canada’s largest undeveloped gold deposits Years 1–3 60 Mtpa • Located in a prolific mining region near Timmins, Mining Capacity Years 4–14 50 Mtpa Years 15–18 15 Mtpa Onta
Slide 16: Boto – Senegal (100% owned)
Boto – Senegal (100% owned) 2016 Accomplishments • Completed drilling at Malikoundi deposit targeting mineralization in footwall 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
Slide 17: 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 18: Pitangui – Brazil (100% owned)
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 19: 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 20: Monster Lake – Quebec (50-50 Joint Venture with TomaGold)
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 in an area located 200
Slide 21: Nelligan – Quebec (Earn-In Option with Vanstar Mining)
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: • Up to 35.8 metres grading 1.
Slide 22: Eastern Borosi – Nicaragua (Option Agreement with Calibre Mining)
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 23: Timeline For Growth Catalysts – 2017 to 2020
Timeline For Growth Catalysts – 2017 to 2020 2017 Sadiola Boto Gold • Sulphide • Resource update in Expansion Project Q4 and evaluation construction start studies to continue Côté Gold Essakane • PFS to be • Updated released summer 2017 and initiate FS resources at Falagountou satellite deposit 2018
Slide 24: Appendix
Appendix
Slide 25: Saramacca – Exploration Potential
Saramacca – Exploration Potential Saramacca Deposit Poorly tested Parallel IP Trend 24
Slide 26: Saramacca Agreement
Saramacca Agreement • Initial cash payment of US$200,000 on signing • Provided access to the property and historical data • Paid US$10 million and staged share issuance totaling 3.125 million • Shares released over 3 x 1 year intervals • Price Adjustment based on gold oz above 1.0 Moz outlined in MI
Slide 27: 2017 Capex Outlook
2017 Capex Outlook $millions Sustaining Non-Sustaining Total3 Essakane $85 $5 $90 Rosebel $65 $5 $70 Westwood $20 $45 $65 Owner-operator $170 $55 $225 Corporate and Development Projects – $10 $10 Total owner-operator $170 $65 $235 Sadiola (Joint Venture)1 $5 $10 $15 Total2 $175 $75 $250 (±5%) 1. Exp
Slide 28: Mineral Reserves and Resources
Mineral Reserves and Resources 2016 2015 Contained Gold (attributable) Contained Grade Contained Grade As of December 31st Ounces (g/t) Ounces (g/t) Total proven and probable mineral reserves1 7,798 1.4 7,690 1.3 Total measured and indicated mineral resources2,3 23,331 1.1 23,482 1.1 Total inferred
Slide 29: 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 super
Slide 30: Empowering People, Extraordinary Performance
Bob Tait 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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