Iamgold Corporation · TSX:IMG
Iamgold — Q4 2024 Earnings Presentation
18 slides from Iamgold's earnings presentation, Feb 21, 2025
Slide 1: Q4 & Year End 2024 Conference Call
Q4 2024 RESULTS CONFERENCE CALL TSX: IMG l NYSE: IAG l www.iamgold.com Q4 & YEAR END 2024 CONFERENCE CALL February 21st, 2025
Slide 2: Cautionary Statement
Q4 2024 RESULTS CONFERENCE CALL Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION All information included or incorporated by reference in this presentation, including any information as to the Company’s vision, strategy, future financial or operating performance and ot
Slide 3: Technical Information and Qualified Persons
Q4 2024 RESULTS CONFERENCE CALL Technical Information and Qualified Persons CAUTIONARY NOTE TO U.S. INVESTORS REGARDING DISCLOSURE OF MINERAL RESERVE AND MINERAL RESOURCE ESTIMATES The mineral resource and reserve estimates contained in this presentation have been prepared in accordance with NI 43-1
Slide 4: Overview
Q4 2024 RESULTS CONFERENCE CALL Overview BUILDING A LEADING, MODERN CANADIAN-FOCUSED MULTI-ASSET PRODUCER • Côté Gold: Ramping up to be one of Canada’s largest mines and a model for modern mining in Canada • Westwood: Quebec underground success story, generating positive cashflow with a revised tech
Slide 5: 2024 Highlights
Q4 2024 RESULTS CONFERENCE CALL 2024 Highlights OPERATING RESULTS Q4 2024 Q4 2023 2024 2023 RESPONSIBILITY & ACCOUNTABILITY Côté Gold (attr.) koz 62 — 124 — TRIFR (total recordable injuries/200,000 hours) of 0.63 Westwood (100%) koz 35 28 134 93 Environmental focus on water and biodiversity, develop
Slide 6: Financial Results: Liquidity
Q4 2024 RESULTS CONFERENCE CALL Financial Results 5M 7. LIQUIDITY (as at December 31, 2024) 34 :$ Cash and equivalents of $347.5 million and total liquidity1 of $767.0 million Cash y: $ 4 1 8 . 5 M • $46.0 million of cash and equivalents held by Côté Gold70%, $130.2 million held by Essakane • Essaka
Slide 7: Financial Results
Q4 2024 RESULTS CONFERENCE CALL Financial Results FINANCIAL HIGHLIGHTS FINANCIAL REVIEW (In $ millions, unless otherwise stated) Q4 2024 Q4 2023 2024 20232 Gold revenues of $1,633.0 million from sales of 699,000 ounces at realized average price of $2,330/oz (including impact of gold prepay) Revenues
Slide 8: Operations
Q4 2024 RESULTS CONFERENCE CALL Operations 8
Slide 9: Côté Gold (70% interest)
Q4 2024 RESULTS CONFERENCE CALL Côté Gold (70% interest) (100% basis, unless otherwise stated) Ore mined kt Q2 2024 2,109 Q3 2024 3,159 Q4 2024 3,637 2024 10,849 Grade mined g/t 0.93 1.02 1.07 0.97 OPERATING HIGHLIGHTS & MILESTONES Material mined – total kt 10,514 10,378 10,847 39,336 Gold productio
Slide 10: Côté Gold: Processing Ramp Up
Q4 2024 RESULTS CONFERENCE CALL Côté Gold PROCESSING RAMP UP Mill throughput in Q4 of 2.4M tonnes at head grade of 1.34 g/t and 91% recoveries • Milling and leaching circuits have demonstrated capability to operate at, or above design capacity, availability improvements ongoing • Recoveries respondi
Slide 11: Côté Gold: Growth
Q4 2024 RESULTS CONFERENCE CALL CÔTÉ GOLD PROJECT – MINERAL RESERVES & RESOURCES (2024)1,3 Côté Gold: Growth Tonnes Grade Contained (100%) Attributable Contained Classification (millions) (g/t Au) (Moz Au) (Moz Au) INVESTIGATE OPTIMIZATIONS & POTENTIAL OPERATING EFFICIENCIES Côté Gold Deposit Côté d
Slide 12: Westwood Complex
Q4 2024 RESULTS CONFERENCE CALL Westwood Complex (100% basis, unless otherwise stated) Ore mined – underground kt Q4 2024 98 Q4 2023 77 2024 354 2023 280 Ore mined – other sources kt 283 162 662 742 2024 OPERATIONAL REVIEW Ore milled kt 267 245 1,107 1,034 Gold production of 35,000 ounces in Q4 | 13
Slide 13: Essakane
Q4 2024 RESULTS CONFERENCE CALL Essakane (100% basis, unless otherwise stated) Ore mined kt Q4 2024 2,170 Q4 2023 3,217 2024 9,714 2023 9,586 Material mined – total kt 12,374 12,910 46,924 43,349 Q4 2024 OPERATIONAL REVIEW Strip ratio w:o 4.7 3.0 3.8 3.5 Attributable production of 80,000 ounces in Q
Slide 14: Chibougamau: Emerging District
Q4 2024 RESULTS CONFERENCE CALL Chibougamau: Emerging District Nelligan Longitudinal Section NELLIGAN (100%1 JV INTEREST) • Located 45 kilometres southwest of Chibougamau, Québec • Updated resource estimate2(on 100% basis): Cut-off Category Grade Tonnage Grade Contained Au (g/t Au) (Mt) (g/t Au) (ko
Slide 15: Q4 2024 RESULTS CONFERENCE CALL
Q4 2024 RESULTS CONFERENCE CALL 15
Slide 16: Gold Mineral Reserves – 100% Basis
Q4 2024 RESULTS CONFERENCE CALL 1,2 Gold Mineral Reserves – 100% Basis As of December 31, 2024 PROVEN PROBABLE TOTAL RESERVES Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces DEPOSIT Type* Location Ownership (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) (000’s) (g/t) (000’s) Burkina Essakan
Slide 17: Gold Mineral Resources – 100% Basis
Q4 2024 RESULTS CONFERENCE CALL 1,2,3 Gold Mineral Resources – 100% Basis (Measured & Indicated Resources are inclusive of Proven & Probable Reserves) As of December 31, 2024 MEASURED INDICATED MEASURED + INDICATED INFERRED Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Oun
Slide 18: Graeme Jennings, VP, Investor Relations
Q4 2024 RESULTS CONFERENCE CALL Graeme Jennings, VP, Investor Relations 416-388-6883 TSX: IMG l NYSE: IAG l www.iamgold.com