Iamgold Corporation · TSX:IMG
Iamgold — Denver Gold Forum 2010
21 slides from Iamgold's conference presentation, Sep 21, 2010
Slide 1: Denver Gold Forum 2010
Denver Gold Forum 2010 September 21, 2010 P. Gordon Stothart Executive Vice President & Chief Operating Officer
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
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 1 million oz gold producer1 Canadian company 8 Gold mines, 1 Niobium mine 2 Development projects 20+ Exploration projects Com
Slide 4: Zero Harm
Zero Harm IAMGOLD’s Health, Safety and Sustainability performance ranks 3rd in top 60 Canadian companies HEALTH & SUSTAINABILITY SAFETY Framework Framework Leadership Leadership Accountability Governance Stakeholder People Engagement Risk Performance Management Social Processes Stewardship Environme
Slide 5: 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
Slide 6: Essakane 2010 is the 'Year of Essakane'
Essakane 2010 is the ‘Year of Essakane’ Commercial production achieved July 16, 2010 As of end of Q2 2010, 5.2 million tonnes of ore stockpiled, representing approximately 7 months of mill feed Essakane, Burkina Faso, Africa To become IAMGOLD’s second flagship mine, IMG Ownership 90% with LOM
Slide 7: Essakane: 2010 Exploration Objectives
Essakane: 2010 Exploration Objectives As > 100ppm Forecast 2010 • $15.8M resource development & Exploration exploration Concessions: 1,283 km² Exploration & Resource Delineation • 82,400m DD and RC drilling Test strike extensions of EMZ and Falangountou as a priority Transition program to sa
Slide 8: Rosebel Flagship and Further Expansion Potential
Rosebel Flagship and Further Expansion Potential IMG Ownership: 95% Reserves & Resources (oz) P&P Reserves1 4,840,000 M&I Resources2 6,870,000 Inferred Resources 894,000 Attributable production (oz) 2010E 385,000 - 395,000 2010 H1 175,000 2010 Q2 82,000 2009 392,000 Cash Cost ($/oz) 2010 H1 $508 U
Slide 9: Rosebel Improving Performance
Rosebel Improving Performance Increase gold recovery by: Leach tank expansion Increase retention time in CIL circuit Î +2% recovery Gravity circuit recovery Reducing operating cycles from 2 hrs to 45 minutes Reducing costs by: Tracking operating performance of haul trucks Reducing energy con
Slide 10: Rosebel Growth
Rosebel Growth 2009 Achievements • Increased Reserves by 1.3 Moz • Exploration Discovery Charmagne Prospect 2,250.6 km² concessions • Three main project areas Koolhoven Pay Caro & E. Pay Caro 2010 Forecast Rosebel • Brownfields budget: $13M Mayo Roma Royal Hill • Drilling: 81,000m • Suriname
Slide 11: Westwood Long Life, Low Cost
Westwood Long Life, Low Cost Westwood, Quebec, Canada IMG Ownership 100% M&I Resources (oz)1 98,000 Inferred Resources (oz) 3,431,000 Estimated Annual Production 186,000 (oz) Closed the gap Estimated Cash Cost ($/oz) $358 Projected Start-up Early 2013 Estimated Mine Life (years) 16 Resources > 15g/t
Slide 12: Million Ounce Platform
Million Ounce Platform Positive Impact of Lower Cost Mines WESTWOOD WESTWOOD ~200,000 oz ESSAKANE ESSAKANE ~400,000 oz ROSEBEL ROSEBEL ~400,000 oz *Assumes: • Westwood startup early 2013 12
Slide 13: Sadiola
Sadiola Yatela lease …….Extend the current mine life Yatela KW-18 2nd gravity separator installed Exploring for additional oxide ore Alamoutala Feasibility study due by year-end Sadiola FE4 Pit FE3 pits Satifara JV 13 Sadiola lease 13
Slide 14: Niobec Long Life, High Margin Producer
Niobec Long Life, High Margin Producer IMG Ownership: 100% Reserves & Resources (M kg Nb2O5) M&I Resources1 181.3 Inferred Resources 219.1 Production (M kg Nb) 2010E2 4.5–4.7 2010 H1 2.2 2010 Q2 1.1 2009 4.1 Increased guidance on Nb production Operating Margin ($/kg) Paste backfill complete; ope
Slide 15: Exploration & Development
Exploration & Development 2010 greenfield budget: $40M IMG Exploration Offices 60 Exploration professionals worldwide 15
Slide 16: West Africa
West Africa MAURITANIA W. Africa Office ESSAKANE Dakar SENEGAL YATELA MALI NIGER GAMBIA SADIOLA Ouagadougou Bamako GUINEA Siribaya BURKINA FASO BISSAU GUINEA BENIN Kalana SIERRA GHANA TOGO LEONE CÔTE D'IVOIRE LIBERIA DAMANG Accra Mines TARKWA Exploration Projects 16
Slide 17: Mali: Siribaya JV
Mali: Siribaya JV 2010 Forecast - $3.7 million Senegal Merrex - IMG Option Agreement signed Guemedji Trend December 2008 Mali Boto (100% IMG) SiribayaTrend • IAMGOLD earns 50% interest for Cdn $10.5M Zone 1B Resource Area spend over 4 years, spend Siribaya to date Cdn $5.7M Zone 1A Babara Trend Ka
Slide 18: Mali: Kalana JV
Mali: Kalana JV 2010 Forecast - $6.9 million Avnel - IMG Option Agreement signed August 2009 • IAMGOLD can earn a 51% interest in Avnel’s share of SOMIKA (80%); Malian Government (20%), requires: $11M expenditure in 3 years, spend to date $3.8M Define a NI43-101 compliant resource of 2 Moz • I
Slide 19: 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 ore stockpiled since start of 2010 $0 Q2 '09 Q2 '10 Rosebel Increased gold recovery
Slide 20: 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
Slide 21: Denver Gold Forum 2010
Denver Gold Forum 2010 September 21, 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