Iamgold Corporation · TSX:IMG
Iamgold — Q4 2023 Earnings Presentation
20 slides from Iamgold's earnings presentation, Feb 15, 2024
Slide 1: Q4 & Year End 2023 Conference Call
Q4 & YEAR END 2023 CONFERENCE CALL TSX: IMG l NYSE: IAG l www.iamgold.com Q4 & YEAR END CONFERENCE CALL February 2024
Slide 2: Cautionary Statement
Q4 & YEAR END 2023 CONFERENCE CALL Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION 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 exp
Slide 3: Technical Information and Qualified Persons
Q4 & YEAR END 2023 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 4
Slide 4: Highlights
Q4 & YEAR END 2023 CONFERENCE CALL Highlights CORPORATE & STRATEGIC Côté Gold expected to start production at the end of Q1, ramping up to commercial production in Q3 • Côté Gold will reposition the Company with a higher production base and lower cost profile, providing a strong foundation of cashfl
Slide 5: 2023 Highlights
Q4 & YEAR END 2023 CONFERENCE CALL 2023 Highlights OPERATING RESULTS (continuing ops) Q4 2023 Q4 2022 2023 2022 PRODUCTION Essakane (90%) koz 108 98 372 432 Gold production (attr., cont. ops.) of 465,000 ounces | 136,000 ounces in Q4 • Essakane achieved Q4 production of 108,000 ounces Westwood (100%
Slide 6: Financial Results
Q4 & YEAR END 2023 CONFERENCE CALL FINANCIAL HIGHLIGHTS – continuing operations Financial Results (In $ millions, unless otherwise stated) Q4 2023 Q4 2022 2023 2022 LIQUIDITY (as at December 31, 2023) Revenues $297.6 $207.2 $987.1 $958.8 Cash and equivalents of $367.1 million and total liquidity1 of
Slide 7: Operations
Q4 & YEAR END 2023 CONFERENCE CALL Operations 7
Slide 8: Essakane
Q4 & YEAR END 2023 CONFERENCE CALL Essakane (100% basis, unless otherwise stated) Ore mined kt Q4 2023 3,217 Q4 2022 1,691 2023 9,586 2022 12,585 Material mined – total kt 12,910 10,486 43,349 49,685 Q4 2023 OPERATIONAL REVIEW Strip ratio w:o 3.0 5.2 3.5 2.9 Attributable production of 108,000 ounces
Slide 9: Updated Mine Plan
Q4 & YEAR END 2023 CONFERENCE CALL UPDATED MINE PLAN Essakane MINING & STRIP RATIO CAPITAL EXPENDITURES 50 4.0 200 UPDATED MINE PLAN1 3.0 150 Strip ratio Mine life extension to 2028 $ million M tonnes 25 2.0 100 • Mining will occur from three remaining pit phases in the Essakane Main Zone 1.0 50 ("E
Slide 10: Westwood Complex
Q4 & YEAR END 2023 CONFERENCE CALL Westwood Complex (100% basis, unless otherwise stated) Underground lateral development metres Q4 2023 1,263 Q4 2022 1,297 2023 5,271 2022 4,303 Ore mined – underground kt 77 64 280 241 Q4 2023 OPERATIONAL REVIEW Ore mined – other sources kt 162 216 742 836 Gold pro
Slide 11: Westwood Complex
Q4 & YEAR END 2023 CONFERENCE CALL Westwood Complex +4800 UNDERGROUND DEVELOPMENT & REHABILITATION WEST CENTRAL EAST Underground lateral development of 5,271 m in 2023 CORRIDOR CORRIDOR CORRIDOR • Securing safe access to multiple ore faces at different levels in the mine, +4600 increasing operationa
Slide 12: Côté Gold
Q4 & YEAR END 2023 CONFERENCE CALL Côté Gold Côté Gold processing facilities – January 2024 Primary crusher – January 2024 Coarse Ore Dome – January 2024 HPGR – January 2024 Ball mill – January 2024 Tailing management facility – December 2023 12
Slide 13: Project Construction Progress
Q4 & YEAR END 2023 CONFERENCE CALL Côté Gold 5% PROJECT CONSTRUCTION PROGRESS 100% PROJECT CONSTRUCTION PROGRESS CONSTRUCTION COMPLETION: 98% (@ Dec. 31, 2023) 4% 80% Monthly progress Health and safety: Total project hours of 14.8 million hours with a project TRIFR of 0.72. Cumulative 3% 60% Constru
Slide 14: Côté Gold: 2024 Outlook
Q4 & YEAR END 2023 CONFERENCE CALL Côté Gold: 2024 Outlook 2024 CAPITAL EXPENDITURES (±5%) INITIAL PRODUCTION: 2024 PRODUCTION (100%): (ex-project construction & related) March 2024 220,000 – 290,000 oz Capitalized operating expenses during $40M commissioning & ramp up: COMMERCIAL PRODUCTION: CASH C
Slide 15: Côté & Gosselin Mineral Reserves & Resources (2023)
Q4 & YEAR END 2023 CONFERENCE CALL CÔTÉ GOLD PROJECT – MINERAL RESERVES & RESOURCES (2023)1,3 Côté & Gosselin Tonnes Grade Contained (100%) Attributable Contained Classification (millions) (g/t Au) (Moz Au) (Moz Au) Côté deposit updated Mineral Reserves1 (100%) increased 6% or 436,000 ounces to 7.6
Slide 16: Q4 & YEAR END 2023 CONFERENCE CALL
Q4 & YEAR END 2023 CONFERENCE CALL 16
Slide 17: Gold Mineral Reserves – 100% Basis
Q4 & YEAR END 2023 CONFERENCE CALL Gold Mineral Reserves – 100% Basis As of December 31, 2023 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 Essakane
Slide 18: Gold Mineral Resources – 100% Basis
Q4 & YEAR END 2023 CONFERENCE CALL Gold Mineral Resources1,2 – 100% Basis (Measured & Indicated Resources are inclusive of Proven & Probable Reserves) As of December 31, 2023 MEASURED INDICATED MEASURED + INDICATED INFERRED Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Oun
Slide 19: Notes
Q4 & YEAR END 2023 CONFERENCE CALL Notes 19
Slide 20: Graeme Jennings, VP, Investor Relations
Q4 & YEAR END 2023 CONFERENCE CALL Graeme Jennings, VP, Investor Relations 416-388-6883 TSX: IMG l NYSE: IAG l www.iamgold.com