Iamgold Corporation · TSX:IMG
Iamgold — Investor Day (June 2012)
80 slides from Iamgold's investor day presentation, Jun 25, 2012
Slide 1: 2012 Investor Day
7/26/2012 2012 INVESTOR DAY June 25, 2012 Leveraging Our Core Competencies TSX: IMG NYSE: IAG Introduction TSX: IMG NYSE: IAG 1
Slide 2: Cautionary Statement
7/26/2012 Cautionary Statement This presentation contains forward-looking statements. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation , stat
Slide 3: Health and Safety Lagging Indicators 2012; Agenda
7/26/2012 Health and Safety Lagging Indicators 2012 Historical Global DART and TRIR Rates TRIR 6.14 Year-to-Date (As of May 2012) 5.26 # Hours Worked 10,522,099 3.79 DART Rate 0.89 DART 3.36 2.86 # of DART 47 2.40 2.24 1.98 1.90 1.67 TRIR Rate 1.67 1.06 1.06 1.12 0.89 # of TRI 88 2006 2007 2008 2009
Slide 4: The Transformation of IAMGOLD – Financials
7/26/2012 Transformation of IAMGOLD TSX: IMG NYSE: IAG The Transformation of IAMGOLD – Financials Cash & Cash Cash & Cash Cash balances Equivalents: $271M Equivalent: $528M Strengthen enhanced through balance sheet sale of non- Gold Bullion (at market): Gold Bullion (at market): strategic assets $
Slide 5: The Transformation of IAMGOLD – Operations
7/26/2012 The Transformation of IAMGOLD – Operations Sold Tarkwa & Damang interests and Mupane Focus on assets Rosebel Sadiola Rosebel Sadiola in 2011 we own and Essakane Yatela Essakane Yatela operate Mouska Tarkwa Acquired Côté Lake in Mouska/Westwood Mupane Damang June 2012 Côté Lake Expand N
Slide 6: Balanced Growth via Expansion, New Development and M&A
7/26/2012 Balanced Growth via Expansion, New Development and M&A Gold production attributable to IAMGOLD 1,400-1,600 1,100-1,200 1,000-1,100 Westwood begins production 2013 840-910 Impact of Brownfield expansion begins 2014 - 2015 Côté Lake begins 000s oz production 2017 '12E '13E '14E '15E '16E '17
Slide 7: Gold Business
7/26/2012 Leverage Core Competencies to Advance Strategic Priorities Niobec Rare Earth Elements › Significant expansion › Massive deposit › Attractive market fundamentals › Speed to market advantage › Disciplined funding approach › Optionality 13 Gold Business TSX: IMG NYSE: IAG 7
Slide 8: Côté Lake – Key Messages
7/26/2012 Côté Lake Project TSX: IMG NYSE: IAG Côté Lake – Key Messages Côté Lake Provides a geographically balanced portfolio High level of confidence underscores core competencies Optionality Attractive acquisition cost ($74/oz) 16 8
Slide 9: Côté Lake – One of Canada's Largest Undeveloped Gold Projects
7/26/2012 Animation of Côté Lake deposit 17 Côté Lake – One of Canada’s Largest Undeveloped Gold Projects Large Canadian resource creates balanced portfolio Confidence level reflects rigorous due diligence Attractive location with established infrastructure Access to skilled labour Cost be
Slide 10: Côté Lake – Balances IAMGOLD's Geographic Portfolio
7/26/2012 Côté Lake –Balances IAMGOLD’s Geographic Portfolio Gold Production 3% 36% North America 35% 54% Africa North America Africa 43% 29% South America South America 20111 20172,3 Source: Company disclosure, analyst reports 1From continuing operations 2Includes Westwood and expansions at Rosebel
Slide 11: Côté Lake – Well Established Infrastructure
7/26/2012 Côté Lake – Well Established Infrastructure ENERGY 5 km to 115 kV power line Timmins Rail 75 km to 500 kV transmission line Roads Power lines ROAD 500 kV CN Rail Close to Hwy 144, 130 km to Timmins, 101 Power line 170 km to Sudbury Côté Lake 144 Chapleau Property 115 kV Gogama Power RAIL l
Slide 12: Côté Lake – Rigorous Due Diligence
7/26/2012 Côté Lake – Rigorous Due Diligence Due Diligence 2010 2011 2012 Task N D J F M A M J J A S O N D J F M A M J Compile Public Data √ √ √ √ √ Resource Modeling √ √ √ √ √ √ √ √ Resource Audit √ √ √ Pit Shell Modeling √ √ √ √ √ √ √ √ Pit Shell Audit √ √ Confidentially Agreement √ √ √ √ √ √ √ √
Slide 13: Côté Lake Due Diligence – Assessed Permitting Requirements
7/26/2012 Côté Lake Due Diligence – Assessed Permitting Requirements Necessary permits identified Regulatory agencies consulted Schedule developed Baseline studies underway Jurisdiction Agency Permit/Approval Provincial OMDE COA Industrial Sewage OMDE Permit to Take Waters OMDE COA Sewage OMDE Conso
Slide 14: Côté Lake Due Diligence – Assay Capping
7/26/2012 Côté Lake Due Diligence – Assay Capping Particular attention paid to assay capping sensitivities Compared multiple mapping approaches on the mineral resources Including straight capping of assays within the range of 10 g/t and 25 g/t Applying higher capping levels (ie. 3% of assay ounces)
Slide 15: Côté Lake Due Diligence – Estimating Mineral Resource
7/26/2012 Côté Lake Due Diligence – Estimating Mineral Resource Côté Lake Deposit Unusual deposit type for the Canadian Shield: Large tonnage, low-grade deposit amenable to open pit mining Gold mineralization associated with brecciated and pervasively altered, intermediate to locally mafic intrusive
Slide 16: Côté Lake Due Diligence – Schedules and Cash Flow Modeling
7/26/2012 Côté Lake Due Diligence – Schedules and Cash Flow Modeling Many Schedule optimizations Gold price sensitivities Variable cut-off grade Operating cost sensitivities Stockpiling Capitalized pre-stripping Up-side alternatives Permitting timeline COMET Software ™ Many cash flow models After ta
Slide 17: Côté Lake Due Diligence – Conclusions
7/26/2012 Côté Lake Due Diligence – Conclusions Technical/financial analysis indicates Côté Lake will be an important strategic asset for IAMGOLD Considerable amount of due diligence for a project at this stage of exploration & development Trelawney has done a great job advancing the understanding f
Slide 18: Côté Lake – Effective Grade Makes a Compelling Project
7/26/2012 Côté Lake – Effective Grade Makes a Compelling Project In g/t Au Reported Grade 1.8 African projects With Power North American projects 1.6 Rate for in-situ, less recovery & South American projects Effective Grade - Adjusted Adjustment 1.4 1.2 royalties 1.05 1 .89 .97 .83 0.8 0.6 0.4 0.2 0
Slide 19: Côté Lake – Community Relations and Drilling Progress
7/26/2012 Côté Lake – Establishing Strong Community Relationships The Mattagami First Nation and the Flying Post First Nation have been identified as “Interested parties” with respect to development of the Côté Lake project Both bands are members of the Wabun Tribal Council Trelawney has maintained
Slide 20: Côté Lake – Drill Support for Mineral Resources
7/26/2012 Côté Lake – Drill Support for Mineral Resources – February 2012 39 Côté Lake – 2012 50m infill drill program, within pit shell (40% Complete) 40 20
Slide 21: Côté Lake – Assessing Upside Mineral Potential
7/26/2012 Côté Lake Due Diligence – Assessing Upside Mineral Potential Due diligence and financial modeling exercises focused only on the known deposit and its proximal extensions Property Outline* Rideout Deformation Zone Gold Showings Côté Lake Deposit* Gold Trend?* Sources Ontario Geology Survey
Slide 22: Côté Lake – Tentative Timeline
7/26/2012 Côté Lake – Tentative Timeline 2012 2013 2014 2015 Now to end of 2012 Advance infill drilling, technical investigations and trade-off studies Q4’12 to Q2’13 Complete infill, Pre-feasibility Study Q3’13 to Q4’14 Feasibility Study 2015 Commence construction Permitting 43 Côté Lake – Developm
Slide 23: Essakane
7/26/2012 Côté Lake – Key Messages Côté Lake Provides a geographically balanced portfolio High level of confidence underscores core competencies Optionality Attractive acquisition cost ($74/oz) 45 Essakane TSX: IMG NYSE: IAG 23
Slide 24: Essakane – Key Messages
7/26/2012 Essakane – Key Messages Essakane Well run operation with short-term payback Aggressive exploration program to prove up additional resources Expanding throughput 47 Essakane – Production Profile Since Start-up Attributable Production 100 95 94 90 Water shortage 86 80 80 80 Productio
Slide 25: Essakane – Operating Well
7/26/2012 Essakane – Operating Well Throughput rates (soft rock) Initial feasibility mill throughput 7.5 Mtpa Constructed nameplate mill throughput 9.0 Mtpa Current annualized running rate (2012 May YTD) 10.7 Mtpa Plant Availability 92.1% Resource Model to Mill Reconciliation ± 5% Water Storage Stat
Slide 26: Essakane – Expanding Mine Capacity to Double Hard Rock Processing
7/26/2012 Essakane – Expanding Mine Capacity to Double Hard Rock Processing Completed development study in 2011 Hard rock processing - to double from 5.4Mtpa to 10.8Mtpa Mining rate - to increase to 50-55 Mtpa by 2014, remaining at that level for 6 years before gradually declining Requires investmen
Slide 27: Essakane – 2012 Exploration Program
7/26/2012 Essakane – 2012 Exploration Program EMZ & Falagountou resource development program: 47,000 m drilling Large strategic land position: 1,283 km 2 Gossey Early stage exploration Korizena EMZ Numerous prospects and geochemical anomalies identified Falagountou (Gossey-Korizena > 10 km) Tassiri
Slide 28: Essakane – Exploration Drilling Results at Gossey
7/26/2012 Essakane – 2011 Exploration Results and 2012 Program at Falagountou Source for Essakane’s latest Falagountou Resource (Dec 31, 2011) resource update: February 23, 2012 news release Indicated: 345,000 oz @ 1.31 g/t Au « IAMGOLD Continuing Gold Inferred: 91,000 oz @ 1.41 g/t Au Operations Po
Slide 29: Essakane – Drilling Results and Key Messages
7/26/2012 Essakane – Exploration Drilling Results at Gossey 60 m wide interval of strongly altered and brecciated intrusive with quartz- carbonate veining and disseminated pyrite 57 Essakane – Key Messages Essakane Well run operation with short-term payback Aggressive exploration program to pr
Slide 30: Rosebel
7/26/2012 Rosebel TSX: IMG NYSE: IAG Rosebel – Key Messages Rosebel 7+ year history of reserve growth Proactively managing transition to hard rock Potential future expansion to incorporate satellite resources 60 30
Slide 31: Rosebel – Long History of Building Reserves and Production
7/26/2012 Rosebel – Long History of Building Reserves and Production 9,104 8,870 122 7,236 320 6,031 5,446 6,202 000s oz 4,870 4,774 5,094 3,947 Mineral Reserves (In Situ) 3,716 2,926 3,817 3,403 2,401 3,212 Cumulative Production 2,537 3,073 2,382 2,668 2,142 1,730 1,053 1,371 19 735 389 2003 2004 2
Slide 32: Rosebel – Continuous Improvement and Expansion Potential
7/26/2012 Rosebel – Continuous Improvement Power Assessing alternative power supply scenarios Opportunities for partnership with government on expansion of hydropower generating capacity Mining Larger equipment, economies of scale Reviewing alternative ore transport from southern ore bodies Improved
Slide 33: Rosebel – Development Timeline
7/26/2012 Rosebel – Development Timeline 2011 Estimated 2012 2013 2014 2015 2016 2017 2017 Attributable Operation Production Attributable (000oz) H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 Production (000oz) Mine optimization - expansion of crushing Rosebel & grinding capacity Staged Expansion of Hard Rock
Slide 34: Rosebel – Resource Expansion Potential
7/26/2012 Rosebel – Resource Expansion Potential North Domain: 3.9 M oz Au in past production and current reserves South Domain: 4.5 M oz Au in past production and current reserves 67 Rosebel – 2012 Drilling Program 2012 – Drilling Program 68 34
Slide 35: Rosebel – District Exploration Potential
7/26/2012 Rosebel – District Exploration Potential Overman Key Points Charmagne Charmagne Large land area still to be explored West Discoveries such as Overman, Mamacreek and Koemboe confirm Koolhoven regional exploration potential Extension New techniques being implemented Mamacreek ROSEBEL Rosebel
Slide 36: Rosebel – District Re-assessment Phase (2012-2013)
7/26/2012 Rosebel – District Re-assessment Phase (2012-2013) Existing surface geochemistry covers ~80% of concessions surrounding the Rosebel Mine At least 30% is covered by >2m alluvial sands/gravels Traditional surface geochemistry in these areas is unreliable Program 2012-2013: 18-24 months work
Slide 37: Sadiola
7/26/2012 Sadiola TSX: IMG NYSE: IAG Sadiola – Key Messages Sadiola Alignment of business strategy with AGA Operations largely unaffected by Mali situation Upside potential on main pit expansion and for sulphide resources on satellite ore bodies 74 37
Slide 38: Sadiola – Expansion in Main Pit
7/26/2012 Sadiola – Expansion in Main Pit Based on Interim FS Base Case Expansion Mine Life 8 years 15 years Processing Rate 4.6-5.0 Mtpa 7.5-8.5 Mtpa 50-60 Mtpa Nominal Mining Rate 25-30 Mtpa declining to 20 Mtpa Strip Ratio 4.5 3.4 (Waste:Ore) Annual Gold 300-325 koz 350-450 koz Production declini
Slide 39: Sadiola Timeline
7/26/2012 Sadiola Timeline 2011 2012 2014 Main construction Power construction Start up currently EIA presented and EIA presented and permit received planned for late permit received 2014 Final agreement on fiscal and power terms concluded in May and signed by Malian ministers (Details of Power Purc
Slide 40: Sadiola – Exploration Potential
7/26/2012 Sadiola – Exploration Potential History of ongoing discovery and expanding resources “A project that just keeps giving” 3 years of systematic exploration for oxide resources (nearing an end) Sadiola: Transition plan to sulphide mining in 2014 Develop sulphide targets: Sadiola sulphide proj
Slide 41: Westwood
7/26/2012 Sadiola - Key Messages Sadiola Alignment of business strategy with AGA Operations largely unaffected by Mali situation Upside potential on main pit expansion and for sulphide resources on satellite ore bodies 81 Westwood TSX: IMG NYSE: IAG 41
Slide 42: Westwood – Progress
7/26/2012 Westwood – Key Messages Westwood On track for Q1’13 start-up and meeting production targets Exploration continues to increase return on investment Effective HR strategy to address high labour demand in the Abitibi region 83 Westwood – Progress 2011: Infrastructure Preparation 2012:
Slide 43: Westwood – Doyon-Bousquet-LaRonde Mining Camp
7/26/2012 Westwood – Doyon-Bousquet-LaRonde Mining Camp WESTWOOD Pedigree: ~26 Million oz Au 85 Westwood – De-risking Westwood Resources 2007 2011 What has Changed? Increased confidence based on 200,000 m of drilling Stacked mineralized lenses -1,000 m Change to cut-and-fill mining method Maximize o
Slide 44: Westwood – Effective Human Resources Strategy
7/26/2012 Westwood – Composite Longitudinal Section Zone 2 Extension Exploration Potential Across Fault Targeting Resource Expansions 87 Westwood –Effective Human Resources Strategy Market for mine workers in Abitibi is very aggressive Doyon mine closed at end of 2009 Many employees transferred to t
Slide 45: Westwood – Development Timeline
7/26/2012 Westwood – Development Timeline 2011 Estimated 2012 2013 2014 2015 2016 2017 2017 Attributable Operation Production Attributable (000oz) H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 Production (000oz) Mine optimization - expansion of crushing Rosebel & grinding capacity Staged Expansion of Hard Roc
Slide 46: Greenfields Exploration
7/26/2012 91 Greenfields Exploration TSX: IMG NYSE: IAG Active Exploration Areas Mali Quebec Senegal Burkina Ontario Colombia Suriname Faso Peru Brazil Exploration Office 92 46
Slide 47: 2012 Greenfields Exploration
7/26/2012 2012 Greenfields Exploration Exploration – A cornerstone of IAMGOLD’s growth strategy Proven track record 80 Professionals in 8 countries > 20,000 km2 strategically located lands Active drilling programs (> 400,000 m) 13.3 Moz discovered since 1990 @ $35/oz 93 2012 Greenfields Expl
Slide 48: Mali – Senegal: Exploration Projects
7/26/2012 Mali – Senegal: Exploration Projects Siribaya JV Boto Kalana JV Fougadian JV 95 Mali: Kalana and Fougadian Joint Ventures Small, underground mines owned and Kalana Mine operated by Avnel (80%); Government of Mali (20%) Kalana: 387 km2 Mining Permit > 21 km² IMG Option Agreement (Aug 2009)
Slide 49: Mali: Kalana Project
7/26/2012 Mali: Kalana Project Resource Estimate Dec. 2008 Estimate (Avnel) Measured and Indicated 2.07 Mt @ 9.9 g/t Au (650,000 contained oz Au) IAMGOLD Resource Target – 2 Million ounces gold Targeting completion of NI 43-101 resource estimate by end 2012 95% complete with significant assay backlo
Slide 50: Mali: Siribaya Project - Drilling Status
7/26/2012 Mali: Siribaya Project - Drilling Status RC Drilling Diamond Drilling 5m @ 1.97g/t Au Significant Assay Results: www.merrexgold.com 20m @ 0.82g/t Au 26m @ 1.43g/t Au 6m @ 2.38g/t Au 6m @ 1.15g/t Au 24m @ 1.76g/t Au 7m @ 1.75g/t Au 16m @ 1.59g/t Au 19m @ 1.99g/t Au 8m @ 1.26g/t Au 18m @ 1.9
Slide 51: Senegal: Initial 2012 Results, Boto
7/26/2012 Senegal: Initial 2012 Results, Boto 2 2012 Budget $3.0M 8,000 - 10,000 m diamond drilling Objectives: Infill and expand areas of known mineralization Better evaluate potential resources Exploration Target Mineralized Breccia Zone > 50 m in thickness and grading > 1.0 g/t Au Mineralized Bre
Slide 52: Brazil: 2012 Exploration Budget - $5.6 M
7/26/2012 Brazil: 2012 Exploration Budget - $5.6 M Brazil Projects Minas Gerais (Pitangui) Project Generation 2011 – Gold mineralization identified in Banded Iron Formation host rocks 5,000 m diamond drilling in progress South Para South Para (Vila Estrela) Q1 2012 - 1,100 m drilling completed on re
Slide 53: Brazil: Pitangui Project - Jaguara Prospect
7/26/2012 Brazil: Pitangui Project - Jaguara Prospect Jaguara Prospect Mineralization identified in Banded Iron Formation (“BIF”) host rocks Mineralization style and alteration similar to known BIF-hosted gold deposits in the Iron Quadrangle which collectively contain: 8.3 Moz Reserves + M&I Resourc
Slide 54: Colombia and Canada: 2012 Exploration
7/26/2012 Colombia: 2012 Exploration Budget - $2.6M Regional field work on priority targets identified by country wide generative work 2011 investments in junior companies as an avenue for growth $6.0M in Bellhaven Copper and Gold Inc. (10.2% equity interest; could increase to 14.6% with exercise of
Slide 55: Exploration Properties in Québec – 2012 Update
7/26/2012 Gold Potential of the Abitibi Belt Keeps Growing Detour Lake 23.2 M oz Casa-Bérardi 2.8 M oz Timmins O 1.9 M oz Foxtrot 1.3 M oz Westwood 3.5 M oz Canadian Malartic 12.7 M oz Kirkland Lk 4.1 M oz Goldex 1.6 M oz Cote Lake 6.9 M oz Joanna 2.8 M oz Young-Davidson 4.8 M oz Lapa 1.7 M oz New m
Slide 56: IAMGOLD Land Position in the Cadillac-Bousquet Camp
7/26/2012 IAMGOLD Land Position in the Cadillac-Bousquet Camp Doyon-Bousquet LaRonde Trend WESTWOOD 25 M oz Au Mouska Lapa Hosco Héva O’Brien Joanna Project (2.8 M oz Cadillac Break Aurizon Mines) Bousquet-Odyno 5 M oz Au 100% IAMGOLD Rouyn-Merger 100% IAMGOLD Continued exploration on Westwood with
Slide 57: The Niobec Niobium Mine
7/26/2012 The Niobec Niobium Mine ® ® Niobec – Key Messages Niobec Significant expansion Attractive market fundamentals Disciplined funding approach ® 114 57
Slide 58: Significant Expansion of Reserves, Production and Mine Life
7/26/2012 Significant Expansion of Reserves, Production and Mine Life Pre Post Expansion Expansion Change Contained Nb205 (Mkg) - Probable Reserves 244 1,746 616% - Measured 90 1,028 - Indicated 154 986 - M&I 244 2,014 - Inferred 316 547 Mine Life 16 years 46 years +30 years Average Annual ~4.6-5.1
Slide 59: Niobec – Permitting
7/26/2012 Niobec – Permitting Process, Sequence and Duration Cumulative duration Selection of mining scenario and detailed description 3 months Full environmental and social impact assessment 7 months Provincial Project assessment by provincial environment ministry 18 months MDDEP Public hea
Slide 60: Demand for Niobium is Growing
7/26/2012 Demand for Niobium is Growing ~ 60% of FeNb growth generated by increased intensity; balance is in growth of crude steel production 20% of steel produced in developed countries is HSLA; only 10% in developing countries HSLA prod’n will continue to increase in both developed and devel
Slide 61: Producers World Market Share; Funding Options
7/26/2012 Producers World Market Share 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 ® CBMM Niobec Catalao © 2011 CAMET METALLURGY 121 Selective and Disciplined About Funding Options Significant value embedded in Niobec Project Proceeding
Slide 62: Rare Earth Elements
7/26/2012 Niobec – Key Messages Niobec Significant expansion Attractive market fundamentals Disciplined funding approach ® 123 REE Rare Earth Elements The Value of REEs IAMGOLD.COM | TSX: IMG | NYSE: IAG 62
Slide 63: Significant Rare Earth Inferred Resource
7/26/2012 REEs – Key Messages Rare Earth Elements Massive deposit Speed to market advantage Optionality 125 Significant Rare Earth Inferred Resource Rare earth element (REE) zone 467 Million tonnes- Total Inferred REE Resource (NI-43-101) Zone 1.65%- Total Rare Earth Oxide (TREO) Grade 7
Slide 64: REE Zone – Block Model
7/26/2012 IAMGOLD has the Largest Deposit Outside China Lynas Molycorp Australia USA 1.4 Mt 1.1 Mt China’s Mongolian deposit IAMGOLD Bayan Obo 7.7 Mt TREO 40 Mt TREO Avalon Quest Rare Element Northwest Territories, Canada Canada USA 4.3 Mt TREO 1.3 Mt 0.9 Mt Source: Company reports 127 REE Zone – Bl
Slide 65: Estimated Contained Value of Major REOs
7/26/2012 Estimated contained value of IAMGOLD’s Major REOs at current prices Forecast 20121 Oxides Grade Price Gross Value % $/kg $/t Cerium oxide 0.79 60 474 Lanthanum oxide 0.41 80 328 *Neodymium oxide 0.30 190 570 Praseodymium oxide 0.09 180 162 Samarium oxide 0.03 90 27 Gadolinium oxide 0.02 12
Slide 66: Growing Gap between Supply and Demand
7/26/2012 Growing Gap between Supply and Demand 160,000 140,000 Since 2000, global demand for rare earths has grown ~4.7% per year Demand tpa - REO 120,000 Over the next decade, demand is 100,000 expected to grow at 7-9% CAGR 80,000 60,000 40,000 20,000 0 '05 '06 '07 '08 '09 '10 '11F '12F '13F '
Slide 67: Scoping study well underway
7/26/2012 Scoping study well underway Production and basic parameters defined Mining rate and method selected Processing rate and design parameters defined Economic parameters defined Mine, process infrastructure and tailings pond selected REO market and price evaluation done Targeting c
Slide 68: Government Update
7/26/2012 REEs – Key Messages Rare Earth Elements Massive deposit Speed to market advantage Optionality 135 GOVERNMENT UPDATE TSX: IMG NYSE: IAG 68
Slide 69: Role of Corporate Affairs
7/26/2012 Role of Corporate Affairs Managing relationships with governments Managing political / country risk Lead in negotiations with governments on Taxes Key project terms Transactions } Suriname, Burkina Faso and Mali Government dimensions of permitting / approvals Reputation 137 Core Strengths
Slide 70: Country Updates – Mali and Suriname
7/26/2012 Country Updates – Mali and Suriname Mali Suriname 139 FINANCIAL REVIEW TSX: IMG NYSE: IAG 70
Slide 71: Excellent Financial Position with Cash Flow Growth
7/26/2012 Excellent Financial Position with Cash Flow Growth Significant Liquidity Strong balance sheet with ample liquidity $1,500 250 Available Niobec (1) Sufficient liquidity / cash facility $millions Available credit (2) flow to fund development 500 of projects 224 Bullion at market value Sizeab
Slide 72: Funding for Growth Initiatives
7/26/2012 Funding for Growth Initiatives Gold Operations Niobium Expansion $1.7B Essakane $0.6B IPO Rosebel $976M Strategic Minority $1.8B @ $1,500/oz $2.2B @ $1,700/oz $2.7B @ $2,000/oz $0.6B Sale Capex Credit Westwood (2015E-2016E) Facility $666M $250M $0.3B Sadiola Operating Capex Cash Flow(1) $0
Slide 73: New rules for Joint arrangements – IFRS
7/26/2012 New rules for Joint arrangements – IFRS 11 Replacement of the existing guidance for joint ventures (new arrangements) Based on the classification of IAMGOLD’s investments in Sadiola and Yatela, they are deemed to be joint ventures Joint ventures will be accounted for using the equity metho
Slide 74: Consolidated Statement of Earnings
7/26/2012 Consolidated Statement of Earnings No impact on earnings P&L now reflected in the ‘Share of earnings from investments in associates and joint ventures’ First quarter ended March 31, 2012 Current Adjustment Adjusted Statement of Statement of Unaudited, in $millions Earnings Earnings Revenue
Slide 75: Disclosures and Hedging
7/26/2012 Disclosures Consolidated Financial Statements Detailed information will be provided in notes to financial statements MD&A Information for Sadiola and Yatela operations will be provided individually as in the past Will continue to report production and cash costs 149 Hedging IAMGOLD Hedging
Slide 76: Investment Thesis
7/26/2012 INVESTMENT THESIS TSX: IMG NYSE: IAG Leverage Core Competencies to Advance Strategic Priorities Côté Lake Essakane Rosebel Sadiola Westwood › Provides a › Well run operation › 7+ year history of › Alignment of › On track for Q1’13 geographically with short-term reserve growth business stra
Slide 77: Growth Strategy
7/26/2012 Leverage Core Competencies to Advance Strategic Priorities Niobec Rare Earth Elements › Significant expansion › Massive deposit › Attractive market fundamentals › Speed to market advantage › Disciplined funding approach › Optionality 153 Growth Strategy Expand and optimize existing mines I
Slide 78: Investment Highlights
7/26/2012 Investment Highlights Diversified portfolio of long-life gold assets Proven operating, exploration and development expertise Unique niobium asset and an untapped REE deposit Demonstrated CSR leadership Return on capital driven growth strategy Strong balance sheet 155 APPENDIX TSX: IMG NYSE
Slide 79: 2012 Guidance and 2011 Reserves and Resources
7/26/2012 2012 Guidance 2012 Guidance (000s ounces) Attributable gold production Rosebel 370-395 Essakane 320-345 Mines owned and operated by IAMGOLD 690-740 Sadiola and Yatela 150-170 Total Production 840-910 Cash Costs ($/oz) $670-695 Niobium Production (MKg) 4.6-5.1 Niobium Operating Margin ($/kg
Slide 80: Notes regarding reserves and resources
7/26/2012 Notes regarding reserves and resources Cautionary Note to Investors Concerning Estimates of Measured and Indicated Resources This presentation uses the terms "measured resources" and "indicated resources". We advise investors that while those terms are recognized and required by Canadian r