Iamgold Corporation · TSX:IMG
Iamgold — Investor Presentation (January 2025)
44 slides from Iamgold's investor presentation, January 2025
Slide 1: Corporate Presentation
JANUARY 2025 CORPORATE PRESENTATION CORPORATE PRESENTATION TSX: IMG l NYSE: IAG January 2025 www.iamgold.com TSX: IMG l NYSE: IAG l www.iamgold.com
Slide 2: Cautionary Statement
JANUARY 2025 CORPORATE PRESENTATION Cautionary Statement CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION All information included or incorporated by reference in this presentation, including any information as to the Company’s vision, strategy, future financial or operating performance an
Slide 3: Technical Information and Qualified Persons
JANUARY 2025 CORPORATE PRESENTATION 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
Slide 4: Overview
JANUARY 2025 CORPORATE PRESENTATION Overview BUILDING A LEADING, MODERN CANADIAN-FOCUSED MULTI-ASSET PRODUCER • Côté Gold: In production and ramping up to be one of Canada’s largest mines and a model for modern mining in Canada • Essakane: 6th largest gold mine in West Africa, leader in the communit
Slide 5: Operations Overview
JANUARY 2025 CORPORATE PRESENTATION Operations Overview CÔTÉ GOLD WESTWOOD ESSAKANE Ontario, Canada Quebec, Canada Burkina Faso, West Africa (70% IMG | 30% SMM1) (100% IMG) (90% IMG) Start-up 2024 Start-up 2014 Start-up 2010 Mine type Open pit Mine type Underground/Sat. OP Mine type Open pit Estimat
Slide 6: Responsibility & Accountability
JANUARY 2025 CORPORATE PRESENTATION Responsibility & Accountability ENVIRONMENTAL Since 2007 • Released inaugural TCFD report in 2023 outlining roadmap and GHG emission reduction targets • Goal for net positive biodiversity at all operations • Adherence and reporting to the TSM Water Stewardship Pro
Slide 7: Operating Highlights
JANUARY 2025 CORPORATE PRESENTATION Operating Highlights OPERATING RESULTS Q4 2024 Q4 2023 2024 2023 PRODUCTION Essakane (90%) koz 80 108 409 372 Total gold production (attr.) of 177,000 ounces in Q4 | 667,000 ounces in 2024 Westwood (100%) koz 35 28 134 93 • Compares well with 2024 attr. guidance o
Slide 8: Guidance for 2025
JANUARY 2025 CORPORATE PRESENTATION Guidance for 2025 + GOLD PRODUCTION CASH COST1 AISC1 (attributable ounces) ($/ounce sold) ($/ounce sold) GUIDANCE YTD cost Guidance YTD cost Guidance 2024 2025 Essakane 409,000 360,000 – 400,000 $950 $1,100 $1,250 $1,400 $1,550 $1,350 $1,500 $1,650 $1,800 $1,950 W
Slide 9: Q3 Financial Results
JANUARY 2025 CORPORATE PRESENTATION Q3 Financial Results M 53.4 LIQUIDITY (as at September 30, 2024) $5 : sh Cash and equivalents of $553.4 million and total liquidity1 of $959.3 million Ca • $83.4 million of cash and equivalents held by Côté Gold70%, $135.3 million held by Essakane • Essakane 90% i
Slide 10: Q3 Financial Results
JANUARY 2025 CORPORATE PRESENTATION Q3 Financial Results FINANCIAL HIGHLIGHTS Q3 FINANCIAL REVIEW Q3 2024 Q3 2023 F9M 2024 F9M 20232 Gold revenues of $438.9 million from sales of 184,000 ounces (171,000 ounces attributable) at (In $ millions, unless otherwise stated) realized average price of $2,391
Slide 11: Côté Gold
JANUARY 2025 CORPORATE PRESENTATION Côté Gold 11
Slide 12: Côté Gold (70% interest)
JANUARY 2025 CORPORATE PRESENTATION Côté Gold (70% interest) (100% basis, unless otherwise stated) Ore mined kt Q2 2024 2,109 Q3 2024 3,159 Q4 2024 3,637 2024 10,849 Grade mined g/t 0.93 1.02 1.07 0.97 OPERATING HIGHLIGHTS & MILESTONES Material mined – total kt 10,514 10,378 10,847 39,336 Gold produ
Slide 13: Plant Throughput & Milestones
JANUARY 2025 CORPORATE PRESENTATION Côté Gold PLANT THROUGHPUT & MILESTONES 42,000 PROCESSING RAMP UP IN Q4 36,000 Mill throughput of 2.4M tonnes at head grade of 1.34 g/t and 91% recoveries • Milling and leaching circuits have demonstrated capability to operate at, or above 30,000 design capacity,
Slide 14: Côté Gold 2025 Guidance
JANUARY 2025 CORPORATE PRESENTATION Côté Gold 2025 GUIDANCE Guidance Production oz 360,000 – 400,000 (100%) 250,000 – 280,000 (70%) Cash costs $/oz $950 – $1,100 AISC $/oz $1,350 – $1,500 Sustaining capital $M $110 (±5%) Expansion capital $M $15 (±5%) • Capital expenditures related to operations in
Slide 15: Côté Gold: Growth
JANUARY 2025 CORPORATE PRESENTATION CÔTÉ GOLD PROJECT – MINERAL RESERVES & RESOURCES (2023)1,3 Côté Gold: Growth Tonnes Grade Contained (100%) Attributable Contained Classification (millions) (g/t Au) (Moz Au) (Moz Au) INVESTIGATE OPTIMIZATIONS & POTENTIAL OPERATING EFFICIENCIES Côté Gold Deposit Cô
Slide 16: Large-Scale and Long-Life Mine
JANUARY 2025 CORPORATE PRESENTATION Côté Gold: Large-Scale and Long-Life Mine Top 12 Gold Mines in Canada by Production1 (koz) 28 20 18 17 5 14 10 7 10 6 10 9 690 38 Remaining life of mine (years)2 585 Mines acquired in last 10 years 3 495 5 M&I Mineral Resources 2 (inclusive of reserves) 438 420 6
Slide 17: Essakane Gold Mine, Burkina Faso
JANUARY 2025 CORPORATE PRESENTATION Essakane Gold Mine, Burkina Faso 17
Slide 18: Essakane Q4 Operational Review
JANUARY 2025 CORPORATE PRESENTATION Essakane (100% basis, unless otherwise stated) Ore mined kt Q4 2024 2,170 Q4 2023 3,217 2024 9,714 2023 9,586 Material mined – total kt 12,374 12,910 46,924 43,348 Q4 2024 OPERATIONAL REVIEW Strip ratio w:o 4.7 3.0 3.8 3.5 Attributable production of 80,000 ounces
Slide 19: Essakane Updated Mine Plan
JANUARY 2025 CORPORATE PRESENTATION UPDATED MINE PLAN1 Essakane MINING & STRIP RATIO CAPITAL EXPENDITURES 50 4.0 200 CURRENT 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 (
Slide 20: Westwood Complex, Canada
JANUARY 2025 CORPORATE PRESENTATION Westwood Complex, Canada 20
Slide 21: Westwood Complex Q4 Operational Review
JANUARY 2025 CORPORATE PRESENTATION Westwood Complex (100% basis, unless otherwise stated) Ore mined – underground kt Q4 2024 98 Q4 2023 77 2024 354 2023 280 Ore mined – other sources kt 284 162 617 742 Q4 2024 OPERATIONAL REVIEW Ore milled kt 267 245 1,107 1034 Gold production of 35,000 ounces in Q
Slide 22: Westwood Complex Mine Plan
JANUARY 2025 CORPORATE PRESENTATION Westwood Complex +4800 CURRENT MINE PLAN1 (based on Mineral Reserves @ $1,500/oz Au) 400 1,500 $80 WEST CENTRAL EAST CORRIDOR CORRIDOR CORRIDOR OP '000 tonnes 300 $60 +4600 '000 tonnes 1,000 $ million 200 $40 500 100 $20 +4400 0 0 $0 2025 '26 '27 '28 '29 '30 '31 '
Slide 23: Exploration Projects
JANUARY 2025 CORPORATE PRESENTATION Exploration Projects 23
Slide 24: Chibougamau: Emerging District
JANUARY 2025 CORPORATE PRESENTATION Chibougamau: Emerging District NELLIGAN (100%1 JV INTEREST) Nelligan 2022 Resource Pit Shell • Located 60 kilometres southwest of Chibougamau, Québec • Updated resource estimate2(on 100% basis): Cut-off Category Grade Tonnage Grade Contained Au (g/t Au) (Mt) (g/t
Slide 25: JANUARY 2025 CORPORATE PRESENTATION
JANUARY 2025 CORPORATE PRESENTATION 25
Slide 26: Appendix
JANUARY 2025 CORPORATE PRESENTATION Appendix 26
Slide 27: Operational Strategy
JANUARY 2025 CORPORATE PRESENTATION Côté Operational Strategy 43-101 AUGUST 2022 MINE PLAN1 Mining Rate & Grade Processing Rate & Head Grade Production 75 1.50 15 1.50 600 500 495 422 Production (000 oz) Tonnes (Mt) Tonnes (Mt) 50 1.00 10 1.00 400 Grade (g/t) Grade (g/t) 300 25 0.50 5 0.50 200 100 0
Slide 28: Mining Highlights – First Nine Months 2024
JANUARY 2025 CORPORATE PRESENTATION Côté Mining Highlights – First Nine Months 2024 MINING OPERATIONS (100% basis, unless otherwise Q1 Q2 Q3 YTD stated) 2024 2024 2024 2024 Tonnes mined – ore kt 1,944 2,109 3,159 7,212 Tonnes mined – waste kt 5,653 8,495 7,219 21,277 Material mined – total kt 7,597
Slide 29: Mining Performance
JANUARY 2025 CORPORATE PRESENTATION Côté Mining Performance DRILLING & BLASTING STATS DRILLING 60,000 5,000,000 • PV availability improved this year. Currently at 75%-80% 50,000 • Integrated Epiroc-IMG maintenance team since Q2 4,000,000 Blasted Tonnes 40,000 Drilled Meters • Transitioning to better
Slide 30: Stockpile Model
JANUARY 2025 CORPORATE PRESENTATION Côté Stockpile Model STOCKPILE • Stockpile balance estimated at 9.1 Mt at the end of September 1: Tonnes Grade Mt DF High grade: 0.2 1.40 g/t Medium grade: 3.5 0.88 g/t Low grade: 5.4 0.55 g/t Toal stockpile: 9.1 0.70 g/t POTENTIAL FOR BULK MINING • Analysis ongoi
Slide 31: Reconciliation
JANUARY 2025 CORPORATE PRESENTATION Côté Reconciliation YTD 2024 Resource Model Reserve Model Grade Control Model Reconciliation Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces 6,219,384 1.03 206,078 6,275,574 1.00 200,887 5,882,435 1.01 190,123 To Resource Model 1% -3% -3% -5% -2% -8% C
Slide 32: Primary and Secondary Crushing Circuits
JANUARY 2025 CORPORATE PRESENTATION Côté Primary and Secondary Crushing Circuits Lime Silo Screening Building Fire Water Systems Coarse Ore Dome Fine Ore Bin Secondary Crusher Primary Crusher HPGR 32
Slide 33: Processing Plant
JANUARY 2025 CORPORATE PRESENTATION Côté Processing Plant Pre-leach O2 Storage & From Primary & Secondary Thickener Distribution Process Water Secondary Tank Leach Tanks(10) Crushing Cyclones 30 hrs Ball Mill Cyclones Cyanide Tailings Destruction SO2 Thickener Ball Mill Tailings Pump Verti-Mills (2)
Slide 34: Ramp Up Successes
JANUARY 2025 CORPORATE PRESENTATION Côté Ramp Up Successes KEY COMPONENTS HANDLING RECOVERIES POST SHUTDOWN WINS LOAD • The plant achieved over 40,600 tpd on Sept • YTD recovery is above 93% on average, • Improved availability of plant with higher 25, 2024 and 40,900 tpd on Oct 15, 2024 significantl
Slide 35: Mill Improvement Initiatives
JANUARY 2025 CORPORATE PRESENTATION Côté Mill Improvement Initiatives ABRASIVE RESISTANCE FILL THE DOME REFINE THE SCREENS • Nearly complete • Primary bottleneck is ensuring the coarse ore • Continue to monitor and replace chutes and dome is full • Screening was seeing higher than expected high-wear
Slide 36: Growth
JANUARY 2025 CORPORATE PRESENTATION Côté Growth VRIFY | Changing how mining communicates. GOSSELIN ZONE CÔTÉ ZONE 36
Slide 37: Longitudinal Section
JANUARY 2025 CORPORATE PRESENTATION Longitudinal Section Gosselin Zone Côté Resource Gosselin Pit Resource Pit Hydrothermal Breccia Priority Exploration (HdBx) Target for Hydrothermal Breccia GOS23-136 240.0 m grading 1.53 g/t Au GOS23-139 Incl. 120.0 m grading 2.26 g/t Au Côté 406.0 m grading 0.72
Slide 38: Gosselin Deposits – Geological Settings
JANUARY 2025 CORPORATE PRESENTATION Côté + Gosselin Deposits – Geological Settings Abitibi Belt: > 260 M Oz & Growing South Swayze Belt • 19+ Moz (& growing) • Historical - Numerous high-grade vein and shear zone hosted deposits Gold production within 175 km radius: • Timmins + KL + Matachewan 897,0
Slide 39: Exploration Potential Objectives
JANUARY 2025 CORPORATE PRESENTATION ExplorationPotential Objectives for Côté type (intrusion related, breccia) disseminated mineralization and H-G Shear veins Extensive Property package of 596 km² JEROME MINE COTE DEPOSIT Jack Rabbit GOSSELIN DEPOSIT Clam Lake 39 39
Slide 40: 2023 – New Structural Corridor Theory
JANUARY 2025 CORPORATE PRESENTATION 2023 – New Structural Corridor Theory New Jack Rabbit / Theory Gomak Gosselin • Possibility that the main NE Côté trending structure through the Chester intrusive complex is the main mineralization trend. Straighter than originally Old thought. • E-W trending stru
Slide 41: Bambouk District: Boto – Karita – Diakha-Siribaya
JANUARY 2025 CORPORATE PRESENTATION Bambouk District: Boto – Karita – Diakha-Siribaya • On December 20, 2022, IAMGOLD announced agreement to sell Bambouk assets to Managem (CAS:MNG) for aggregate consideration of approximately $282 million4 Yatela Deposit Operation Sadiola Boto Gold Closed on April
Slide 42: Gold Mineral Reserves – 100% Basis
JANUARY 2025 CORPORATE PRESENTATION 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 Essakan
Slide 43: Gold Mineral Resources – 100% Basis
JANUARY 2025 CORPORATE PRESENTATION 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 Ou
Slide 44: Graeme Jennings, VP, Investor Relations
JANUARY 2025 CORPORATE PRESENTATION Graeme Jennings, VP, Investor Relations 416-388-6883 TSX: IMG l NYSE: IAG l www.iamgold.com