Iamgold Corporation · TSX:IMG

Iamgold — Bank of America Merrill Lynch Conference 2010

19 slides from Iamgold's conference presentation, Sep 9, 2010

  1. Slide 1: Bank of America Merrill Lynch Conference

    BANK OF AMERICA MERRILL LYNCH CONFERENCE September 9, 2010 Peter C. Jones President & CEO

  2. Slide 2: Cautionary Statement

    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, statements rega

  3. Slide 3: Corporate Overview

    Corporate Overview IAMGOLD’s growth is strategically focused in West Africa, select countries in South America and in the Canadian provinces of Ontario and Québec ƒ 1 million oz gold producer1 ƒ Canadian company ƒ 8 Gold mines, 1 Niobium mine ƒ 2 Development projects ƒ 20+ Exploration projects ƒ Com

  4. Slide 4: 2010 Revised Guidance

    2010 Revised Guidance Initial Guidance1 Revised Guidance Gold Production (000oz) 940 –1,000 980 –1,010 Cash Costs (US$/oz) $490–$510 $530–$550 Niobium production (M kg) 4.2–4.4 4.5–4.7 Niobium Operating Margin (US$/kg) $17–$19 $17–$19 Capital Expenditures (US$M)2 $381 $408 1 Guidance issued in Jan 2

  5. Slide 5: Essakane 2010 is the 'Year of Essakane'

    Essakane 2010 is the ‘Year of Essakane’ ƒ Commercial production achieved July 16, 2010 ƒ As of Q2 2010, 5.2 million tonnes of ore stockpiled, representing approximately 6 months of mill feed Essakane, Burkina Faso, Africa ƒ To become IAMGOLD’s second flagship mine, IMG Ownership 90% with LOM annual

  6. Slide 6: Essakane: 2010 Exploration Objectives

    Essakane: 2010 Exploration Objectives As > 100ppm ƒ Forecast • $15.8M resource development & Exploration exploration Concessions: 1,283 km² ƒ Exploration & Resource Delineation • 82,400m DD and RC drilling ƒ Test strike extensions of EMZ and Falangountou as a priority ƒ Transition program to satelli

  7. Slide 7: Rosebel Flagship and Further Expansion Potential

    Rosebel Flagship and Further Expansion Potential IMG Ownership: 95% Reserves & Resources (oz) P&P Reserves1 4,840,000 M&I Resources2 6,870,000 Inferred Resources 894,000 Attributable production (oz) 2010E 385,000 - 395,000 ƒ Unusually high amounts of rain in Q2 limited access 2010 H1 175,000 to high

  8. Slide 8: Rosebel Improving Performance

    Rosebel Improving Performance Increase gold recovery by: ƒ Leach tank expansion Increase retention time in CIL circuit Î +2% recovery ƒ Gravity circuit recovery Reducing operating cycles from 2 hrs to 45 minutes Reducing costs by: ƒ Tracking operating performance of haul trucks ƒ Reducing energy con

  9. Slide 9: Rosebel Growth

    Rosebel Growth ƒ 2009 Achievements • Increased Reserves by 1.3 Moz • Exploration Discovery ƒ Charmagne Prospect ƒ 2,250.6 km² concessions • Three main project areas ƒ 2010 Forecast • Brownfields budget: $13M • Drilling: 81,000m • Suriname Greenfield budget: $7M • Increased by $2.7M in Aug. 2010 9

  10. Slide 10: Westwood Long Life, Low Cost

    Westwood Long Life, Low Cost Westwood, Quebec, Canada IMG Ownership 100% M&I Resources (oz)1 98,000 Inferred Resources (oz) 3,431,000 Estimated Annual Production 186,000 (oz) Closed the gap Estimated Cash Cost ($/oz) $358 Projected Start-up Early 2013 Estimated Mine Life (years) 16 Resources > 15g/t

  11. Slide 11: Million Ounce Platform

    Million Ounce Platform Positive Impact of Lower Cost Mines WESTWOOD WESTWOOD ~200,000 oz ESSAKANE ESSAKANE ~315,000 oz ROSEBEL ROSEBEL ~400,000 oz *Assumes: • Westwood startup early 2013 11

  12. Slide 12: Sadiola

    Sadiola Yatela lease …….Extend the current mine life Yatela KW-18 ƒ 2nd gravity separator installed ƒ Exploring for additional oxide ore Alamoutala ƒ Feasibility study due by year-end Sadiola FE4 Pit FE3 pits Satifara JV 12 Sadiola lease 12

  13. Slide 13: Niobec Long Life, High Margin Producer

    Niobec Long Life, High Margin Producer IMG Ownership: 100% Reserves & Resources (M kg Nb2O5) M&I Resources1 181.3 Inferred Resources 219.1 Production (M kg Nb) 2010E2 4.5–4.7 2010 H1 2.2 2010 Q2 1.1 2009 4.1 Operating Margin ($/kg) ƒ Paste backfill complete; opens up lower 2010E $17-19 2010 H1 $19 l

  14. Slide 14: Exploration & Development

    Exploration & Development 2010 greenfield budget: $40M 14

  15. Slide 15: Mali: Siribaya JV

    Mali: Siribaya JV 2010 Forecast - $3.7 million Senegal ƒ Merrex - IMG Option Agreement signed Guemedji Trend December 2008 Mali Boto (100% IMG) SiribayaTrend • IAMGOLD can earn 50% interest for Cdn $10.5M Zone 1B Resource Area spend over 4 years Siribaya Kambaya Zone 1A Babara Trend • IAMGOLD holds

  16. Slide 16: Mali: Kalana JV

    Mali: Kalana JV 2010 Forecast - $6.9 million ƒ Avnel - IMG Option Agreement signed August 2009 • IAMGOLD can earn a 51% interest in Avnel’s share of SOMIKA (80%); Malian Government (20%) • $11M expenditure in 3 years • NI43-101 Compliant Resource of 2 Moz • IAMGOLD can increase to 70% interest by so

  17. Slide 17: 2010 Operating Cash Flow

    2010 Operating Cash Flow millions $ Strong cash flow from operations will result from: Operating cash flow $60 Essakane 51.4 Development project (-ve CF) Î Operating mine (+ve CF) $40 38.9 $20 Mouska Batch process of stockpiled ore $0 Q2 '09 Q2 '10 Rosebel Increased gold recovery with completion of

  18. Slide 18: Solid Financial Position

    Solid Financial Position millions $ 5-Year Estimated As at As at Accumulated Operating Cash Flow vs. Capital Needs Dec. 31, Jun. 30, 2009 2010 Cash & Bullion1 $300 $228 Credit Facility $123 $350 available2 Available $423 $578 Funds 1 Bullion at market value 2 Available undrawn portion, credit facili

  19. Slide 19: Bank of America Merrill Lynch Conference

    BANK OF AMERICA MERRILL LYNCH CONFERENCE September 9, 2010 Contact: Bob Tait, VP Investor Relations 401 Bay Street, Suite 3200 Toronto, ON M5H 2Y4 Canada T: 416 360 4743 C: 647 403 5520 E: info@iamgold.com

IAMGOLD — Bank of America Merrill Lynch Conference 2010 on 6ix