Iamgold Corporation · TSX:IMG
Iamgold — 2010 Global Metals & Mining Conference
23 slides from Iamgold's conference presentation, Mar 2, 2010
Slide 1: IAMGOLD The Transformation
September 15, 2009 IAMGOLD THE TRANSFORMATION Denver Gold Forum Joseph F. Conway President & CEO 2010 GLOBAL METALS & MINING CONFERENCE MARCH 2, 2010 Gordon Stothart Executive Vice President & Chief Operating Officer
Slide 2: Cautionary Statement
2 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 re
Slide 3: Investment Highlights
3 Investment Highlights Leading Leading Shareholder Value Shareholder Solid, Value Disciplined Growth Exceptional Balance Sheet $423M available Record Earnings 116% $0.60 /share* TSX: IMG NYSE: IAG Shares outstanding: 369 M Market Capitalization: $5.8B IAG 52-week high: $21.00 IAG 52-week low: $6.31
Slide 4: Disciplined Corporate Strategy
4 Disciplined Corporate Strategy Focus on Creating Shareholder Value Grow Gold Production & Reserves • Successful development of existing projects • Aggressive exploration for organic growth • Accretive acquisitions Reduce Costs • Operations & development project optimization • Low cost acquisit
Slide 5: Leading Shareholder Value: 2009 Goals Achieved
5 2009 Goals Achieved Consistently Delivering Results Exceeded Original Guidance Advanced Essakane Expanded Rosebel Mill Increased Growth Pipeline Expanding Niobec Mill Zero Harm Continued …..Leading Shareholder Value
Slide 6: 2009 Operating Results
6 2009 Operating Results Solid Production, Increased Margin Q4 Q4 Gold Margin 2009 2008 2009 2008 ($/oz) Gold Operating Results 1 Gold production 234 255 939 997 (000 oz) Gold price realized 1,096 793 960 855 ($/oz) Cash cost 488 408 461 459 ($/oz) Niobium Margin 20 ($/kg) Non-gold Operating Results
Slide 7: 2009 Financial Results
7 2009 Financial Results Earnings from Operations up 35% (US$ millions) Q4 2009 Q4 2008 2009 2008 400 Earnings from Operations ($ millions) 350 Revenues 265.3 209.6 914.3 869.6 300 Earnings from operations 94.8 70.1 349.7 272.3 250 200 Adjusted net 41.4 16.4 212.2 107.5 earnings* 150 Adjusted net ea
Slide 8: Exceptional Balance Sheet
8 Exceptional Balance Sheet Continue to be Net Cash Positive and Positioned for Growth Five Year Estimated Accumulated Cash Flow vs. (US$ millions) As at As at Capital Needs ($Billions) Sept. 30, Dec. 31, ~$2.1B @$1,000/oz 2009 2009 ~$1.8B @$900/oz 1 ~$1.4B Cash & bullion $344 $300 Operations ~$1.2B
Slide 9: Global Operations & Growth
9 Global Operations & Growth FOCUS DISCIPLINE RESULTS Long Standing Presence, Long Term Future ROSEBEL SURINAME DOYON QUEBEC MUPANE BOTSWANA NIOBEC QUEBEC DOYON DIVISION NIOBEC WESTWOOD SADIOLA MALI YATELA MALI YATELA ROSEBEL ESSAKANE DAMANG QUIMSACOCHA SADIOLA TARKWA GHANA DAMANG GHANA TARKWA MUPAN
Slide 10: Solid Reserves Growth
10 Solid Reserves Growth Record Gold Reserves (Millions of Ounces) 14 12 South America 10 8 Canada 6 4 Africa 2 0 2004 2005 2006 2007 2008 2009 • Reserves as at Dec. 31, 2008 include Essakane acquired Feb. 25, 2009
Slide 11: Superior Production Growth Profile
11 Superior Production Growth Profile* Continued Growth 1,500 (000’s ounces) 1,000 500 0 2004 2005 2006 2007 2008 2009 2010F 2011F 2012F 2013F 2014F Africa Canada South America *Assumes: • Essakane startup August 2010 • Sadiola Deeps startup mid 2012 • Quimsacocha startup early 2013 • Westwood start
Slide 12: 2010 Outlook
12 2010 Outlook Targeting 1 Million Ounces 2009 2010 0.939 0.94 to1.0 million million ounces ounces Africa Canada South America *See 2010 Guidance Press Release dated January 21, 2010
Slide 13: Rosebel Suriname
13 Rosebel SURINAME Record Production, Lower Costs (000 oz) Production & Cash Costs (US$/oz) 500 $500 400 300 $400 200 IMG Ownership 95% 100 Location Suriname 0 $300 2007 2008 2009 M&I Resources (oz)* 6,870,000 Inferred Resources (oz) 894,000 Record 2009 production of 392,000 oz Production 2009 39
Slide 14: IAMGOLD Operations: Doyon Division and Mupane
14 IAMGOLD Operations DOYON DIVISION MUPANE IMG Ownership 100% 100% Location Quebec Botswana M&I Resources (oz)* 398,000 266,000 Inferred Resources (oz) 633,000 80,000 2009 2008 2009 2008 Production (oz) 109,000 118,000 51,000 101,000 Cash Cost ($/oz) $524 $548 $735 $367 Updates • Mouska extended in
Slide 15: West African Joint Ventures
15 West African Joint Ventures SADIOLA YATELA TARKWA DAMANG IMG Ownership 41% 40% 18.9% 18.9% JV: AngloGold Ashanti JV: AngloGold Ashanti JV: Goldfields Ltd. JV: Goldfields Ltd. Location Mali Mali Ghana Ghana M&I Resources (oz)* 2,596,000 126,000 2,573,000 551,000 Inferred Resources (oz) 1,159,000 1
Slide 16: Niobec Mine Quebec
16 Niobec Mine QUEBEC Paste Backfill & Mill Expansion on Track Niobium Margin ($/kg) IMG Ownership 100% Location Quebec M&I Resources (Mkg Nb2O5)* 181.3 Inferred Resources (Mkg Nb2O5) 219.1 Increased Reserves 32% to 181M kg Nb2O5 Production(million kg Nb) 2009 4.1 Paste Backfill & Mill Expansion
Slide 17: Exploration & Development Projects
17 Exploration & Development Projects Solid Growth Pipeline PRODUCTION Essakane BURKINA FASO Westwood CANADA CONSTRUCTION Sadiola Deeps MALI FEASIBILITY Quimsacocha ECUADOR Siribaya MALI Kalana MALI EXPLORATION Essakane Brownfields
Slide 18: Essakane Burkina Faso
18 Essakane BURKINA FASO Ahead of Schedule & On Budget UPDATE Commercial production in August Increased Reserves by 1.1M oz Accelerated early throughput Mining proceeding Grade control drilling & stockpiling on track IMG Ownership 90% Mill foundation complete Location Burkina Faso Vill
Slide 19: Westwood Quebec
19 Westwood QUEBEC Long Life, Low Cost 14 kms Planned Exploration shaft Bousquet 2kms 10 m / 11.5 g/t Au IMG Ownership 100% 5 m / 23 g/t Au Resources Resourc La Ronde Location Quebec, Canada CONSTRUCTION UPDATE es Indicated Resources (oz)* 98,000 oz Shaft advanced to 500m Inferred Resources (oz) 3
Slide 20: Greenfields Exploration
20 Greenfields Exploration Aggressive Organic Growth UPDATE REGIONS OF EXPLORATION ACTIVITY 2009 expenditures of $31 million Kalana Gold JV, Mali: • Existing high grade resource & 387km2 exploration property • Bulk tonnage opportunity • Exploration commenced Siribaya Gold JV, Mali: • Resource
Slide 21: Health, Safety & Sustainability
21 Health, Safety & Sustainability Continuing Commitment to Zero Harm Q4 2009 HIGHLIGHTS SAFETY 31% decrease in days away injury rate and total accident rate vs. 2008 ENVIRONMENT Rosebel received “Toward Sustainable Mining” award for Tailings Management COMMUNITY Essakane community relocation near c
Slide 22: Investment Highlights
22 Investment Highlights Continued Commitment to Results 2009: Adjusted Net Earnings / share ($) 0.60 Superior share price performance (156% vs. 7% Gold Index) Record adjusted net earnings* ($0.60/share) Strong Operating Cash Flow ($0.73/share) Strong financial position ($423M available) 0.0
Slide 23: Closing quote and contact details
Peter C. Jones Interim President & Chief Executive Officer Gordon Stothart “...outstanding share price performance, Executive Vice President & Chief Operating Officer continued solid operating results, a well Carol Banducci Executive Vice President & Chief Financial Officer funded pipeline and stron