Iamgold Corporation · TSX:IMG
Iamgold — RBC Capital Markets Global Mining & Metals Conference 2014
26 slides from Iamgold's conference presentation, Jun 17, 2014
Slide 1: RBC Capital Markets Global Mining & Metals Conference
RBC Capital Markets Global Mining & Metals Conference June 17-18, 2014 Gord Stothart EVP & Chief Operating Officer . TSX: IMG NYSE: IAG
Slide 2: Cautionary Statement on Forward-Looking Information
Cautionary Statement on 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 expectations or estimates of future performance, other than state
Slide 3: IAMGOLD's High Quality, Long-Life Assets
IAMGOLD’s High Quality, Long-Life Assets YATELA SADIOLA Senegal ESSAKANE Mali Boto WESTWOOD Siribaya NIOBEC Burkina Faso Val d’Or Suriname Colombia Côté Gold ROSEBEL Brazil Peru Niobium Mine GOLD Mines Development Project Pitangui Advanced Exploration Exploration Office Five Gold Mines: 2014 Product
Slide 4: Priorities: Cost Reduction, Capital Discipline, Cash Preservation
Priorities Cost Reduction Capital Discipline Cash Preservation Focused on Economic Returns 4
Slide 5: 2013 Cost Reduction: $125M – 25% Above Target
2013 Cost Reduction: $125M – 25% Above Target $54 Operations $75 $40 Exploration $41 $6 Corporate $9 0 10 20 30 40 50 60 70 80 Target Realized 5
Slide 6: Disciplined Capital Allocation Strategy
Disciplined Capital Allocation Strategy Rosebel Expansion CAPITAL INVESTMENT WILL DEPEND ON EXPLORATION SUCCESS IN SURROUNDING JV AREA Sadiola WORKING WITH JV PARTNER TO FINALIZE STRATEGY; FOCUSED ON DETERMINING ECONOMIC MODEL THAT DELIVERS THE BEST ECONOMIC RETURNS Côté Gold Project WILL DEPEND ON
Slide 7: Committed to Preserving Liquidity
Committed to Preserving Liquidity $1,064 $millions 250 500 174 140 As at end of Q1 2014 Cash & cash equivalents Gold bullion at market Unused credit facility Unused Niobec credit facility The Company has $650 million of senior unsecured notes due October 2020. 7
Slide 8: Operations Review
Operations Review £IAMGOLD
Slide 9: Reinventing Rosebel - Suriname
Reinventing Rosebel - Suriname Strategies to address increasing proportion of hard rock 19% in Q1’13 to 27% in Q1’14 New power agreement in 2013 reduces rate from $0.21/kWh to $0.14/kWh Solar power project to be completed Q3’14 Improving mining and processing productivity Implementing measures to im
Slide 10: Essakane Focused on Mine Optimization – Burkina Faso
Essakane Focused on Mine Optimization – Burkina Faso Expansion completed 2013 Commissioned new processing line Q1’14 Hard rock processing in Q1’14 increased 144% from Q4’13; production up 15% Secondary crusher to come on line Q2 Grades expected to increase H2 Expect 25% production increase in 2014 F
Slide 11: Westwood Ramping up to Commercial Production
Westwood Ramping up to Commercial Production – Canada High grade underground mine in the Abitibi Gold Belt Average resource grade >10g/t Au Commenced production Q1’13 Ore stockpiled at Mouska and Westwood (est. 20k contained oz.) to begin to be processed Q2’14 Commercial production Q3’14 H1 focused
Slide 12: Focused on Revitalization Strategy for Sadiola – Mali
Focused on Revitalization Strategy for Sadiola– Mali Transitioning to hard rock Expansion required to accommodate hard rock processing 50% reduction in power rate Outlook applicable to expansion Discussing strategies with partner AngloGold Ashanti Focused on economic model that will generate best re
Slide 13: Reviewing Strategic Options for Niobec – Quebec
Reviewing Strategic Options for Niobec – Quebec Niobium is a scarce metal that strengthens and One of the world’s top three lightens the weight of steel products for automotive, niobium producers pipeline and infrastructure applications 2013 a record year 5.3 Mkg niobium $18/kg operating margin Stro
Slide 14: Côté Gold – Well Established Infrastructure
Côté Gold – Well Established Infrastructure Mineral Resource Estimate Effective December 31, 2012 Rail Timmins Roads Tonnes Grade Contained Ounces Power lines (millions) (g/t) (million ozs) 500 kV Indicated 101 CN Rail Power line 0.25 g/t Au cut-off 278 0.86 7.68 Côté Gold 144 Chapleau Property 115
Slide 15: Exploration Review
Exploration Review IAMGOLD
Slide 16: Resource Development and Brownfield Exploration
Resource Development and Brownfield Exploration ROSEBEL ESSAKANE Focused on identifying higher- Continuing to target inferred grade and softer rock resource areas around current resources pit design 5-year option agreement with Follow-up drilling campaigns on Sarafina – 10,000 hectares the Tassi
Slide 17: Greenfield: Boto Gold Project, Senegal
Greenfield: Boto Gold Project, Senegal July 2013 – declared initial indicated resource estimate of 1.1 Moz at 1.62 g/t Au Based on 423 drill holes, totalling 56,832 metres April 2014 – ongoing drilling confirms continuity of resource and extends mineralization associated with largest deposit
Slide 18: Greenfield: Pitangui Project, Brazil
Greenfield: Pitangui Project, Brazil Sâo Sebastiâo gold deposit located in the prolific Iron Quadrangle April 2014 – declared maiden inferred resource of 0.64 Moz at 4.88 g/t Au Based on 57 holes, totaling 19,600 metres 24,000 metres of planned drilling for 2014 focused on infill and expansi
Slide 19: Catalyst Strategies
Catalyst Strategies Continue reducing all-in sustaining costs Reinvent Rosebel through softer rock Optimize Essakane as it ramps up production Ramp up Westwood to commercial production Revitalize Sadiola Continue to review strategic options for Niobec Advance promising exploration projects 19
Slide 20: Why invest in IAMGOLD?
Why invest in IAMGOLD? Diversified portfolio of long-life producing gold mines Unique niobium asset with history of consistent profitability New producing gold mine with resource grade averaging 10 g/t Au Optimizing economic returns with optionality for growth Exploration pipeline of selec
Slide 21: Appendix
Appendix CORPORATION
Slide 22: 2014 Guidance: Attributable gold production
2014 Guidance Guidance gold production Rosebel (000s oz.) 330 - 350 Attributable Essakane (000s oz.) 315 - 330 Doyon division (000s oz.)1 100 - 120 Total owner-operated production (000s oz.) 745 - 800 Joint ventures (000s oz.) 90 - 100 Total attributable production (000s oz.) 835 - 900 Total cash co
Slide 23: 2014 Capital Expenditure Outlook
2014 Capital Expenditure Outlook1 Development/ ($ millions) Sustaining Expansion Total Rosebel 70 30 100 Essakane 80 25 105 Westwood 35 55 90 Côté Gold - 15 15 Total owner-operated gold 185 125 310 Niobec 20 50 70 Total consolidated 205 175 380 Joint ventures – Sadiola2 10 10 20 Total 215 185 400 1
Slide 24: 2014 Exploration Program – $87.6 Million
2014 Exploration Program – $87.6 Million1 ($ millions) Capitalized Expensed Total Exploration projects – greenfield 0.2 38.2 38.4 Exploration projects – brownfield1 17.4 11.6 29.0 17.6 49.8 67.4 Côté Gold studies 15.6 0.3 15.9 Other scoping and pre-feasibility - 4.3 4.3 studies 15.6 4.6 20.2 Explora
Slide 25: 2013 Reserves and Resources
2013 Reserves and Resources1 As of December 31, 2013 2013 Change 2012 Gold (000s attributable oz. contained) Total proven and probable mineral reserves 10,127 (11%) 11,327 Total measured and indicated mineral resources 2,3 23,408 4% 22,603 Total inferred resources 6,299 3% 6,093 Niobium (millions of
Slide 26: Investor Relations
Investor Relations info@iamgold.com Bob Tait Laura Young Penelope Talbot-Kelly VP, Investor Relations Director, Investor Relations Analyst, Investor Relations T: 416-360-4743 T: 416-933-4952 T: 416-933-4738 TSX: IMG NYSE: IAG
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