Slide 1: IAMGOLD Q3 2017 Results
IAMGOLD Q3 2017 Results November 8, 2017 Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l
Slide 2: Management Participants
Management Participants Steve Letwin President & Chief Executive Officer Ken Chernin Vice President, Investor Relations siIAMGOLD’ 1
Slide 3: Cautionary Statement
Cautionary Statement 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 statements of historical fact, const
Slide 4: Strategic Overview
Strategic Overview
Slide 5: Creating a New Gold District
Creating a New Gold District 4
Slide 6: Continuing Transformation
Continuing Transformation Targeting 25% growth in production by 2020 through organic growth opportunities Future Growth Options Further expansion at Côté Gold mines and exploration Advancing projects in the pipeline towards Westwood development Ramping up production Essakane Heap leaching Satellite
Slide 7: Financial Review
[IAMGOLD CORPORATION 38 ACD RO HNO A TS. SS rail
Slide 8: Q3 – Operational and Financial Performance
Q3 –Operational and Financial Performance* (In $ millions, except for per share and $/oz amounts) Q3’16 Q3’17 Variance Attributable production (000s oz) 210 217 3% Attributable sales (000s oz) 212 210 (1%) Cost of sales ($/oz)1 764 795 4% Total cash costs ($/oz)2 714 771 8% AISC ($/oz)2 1,046 969 (7
Slide 9: Adjusted Net Earnings
Adjusted Net Earnings1 (In $ millions, except for per share amounts) Q3’17 Net earnings attributable to equity holders 30.8 Changes in estimates of asset retirement obligations at closed sites (2.2) Unrealized gain on embedded derivatives and warrants (4.2) Other (1.9) Tax adjustments 11.2 1 Adjuste
Slide 10: Outstanding Derivative Hedge Contracts
Outstanding Derivative Hedge Contracts1 2017 2018 2019 2020 Foreign Currency Canadian dollar contracts (millions of C$) 51 155 Contract rate range (C$/$) 1.30 - 1.40 1.30 - 1.45 Hedge ratio 75% 52% Euro contracts (millions of €) 32 93 Contract rate range ($/€) 1.00 - 1.20 1.08 - 1.19 Hedge ratio 48%
Slide 11: Total Liquidity $1,058M
Liquidity1 Cash and cash equivalents $584M Short-term investments $227M Available credit facility $247M Total Liquidity $1,058M 1 As at September 30, 2017 10
Slide 12: Operations
IAMGOLD’ CORR P20 Re AuT | ON
Slide 13: Q3'17 Production & Costs Summary
Q3’17 Production & Costs Summary Attributable Cost of Sales1 Total Cash AISC2 Production ($/oz sold) Costs2 ($/oz sold) (oz) ($/oz produced) Essakane 93,000 $810 $779 $944 Rosebel 75,000 $765 $718 $898 Westwood 33,000 $819 $814 $907 Sadiola 15,000 -- $876 $970 Total 217,000* $795 $771 $969 *Includes
Slide 14: 2017 Production and Cost Guidance
2017 Production and Cost Guidance Previous Guidance2 Revised Guidance1 Essakane (000s oz.) 370 – 380 370 – 380 Rosebel (000s oz.) 295 – 305 295 – 305 Westwood (000s oz.) 115 – 125 115 – 125 Total owner-operated production (000s oz.) 780 – 810 780 – 810 Joint ventures (000s oz.) 65 – 75 65 – 75 Total
Slide 15: 2017 Capex Outlook
2017 Capex Outlook Capital expenditure guidance lowered by $25M to $225M (±5%) Previous Guidance4 Revised Guidance4 Non- Non- $millions Sustaining Sustaining Total4 Sustaining Sustaining Total4 Essakane $85 $5 $90 $70 $15 $85 Rosebel $65 $5 $70 $50 $10 $60 Westwood $20 $45 $65 $20 $45 $65 Owner-oper
Slide 16: Essakane – Burkina Faso (90%)
Essakane – Burkina Faso (90%) Q3 Highlights Q3’17 Actuals • Attributable production down 11% due to lower grades Attributable gold production 93,000 • Mill throughput and recoveries higher despite 90% hard rock content TCC1 $779 • Mill continues to perform above nameplate capacity AISC1 $944 • AISC
Slide 17: Rosebel – Suriname (95%)
Rosebel – Suriname (95%) Q3 Highlights Q3’17 Actuals • Attributable production up 4% Attributable gold production 75,000 • Mill throughput increased 5% despite hard rock increasing from 37% to 44%; reflecting major mill improvements in ’16 TCC1 $718 • AISC down 24% mainly due to lower sustaining CAP
Slide 18: Westwood – Quebec (100%)
Westwood – Quebec (100%) Q3 Highlights • Attributable production up 106% from previous year Q3’17 Actuals • 4 km of underground development completed; 15km YTD Attributable gold production 33,000 • Head grade lower than grade mined due to marginal ore stockpiles TCC1 $814 processed to exploit mill c
Slide 19: Sadiola – Mali (41%)
Sadiola – Mali (41%) Q3 Highlights Q3’17 Actuals • Attributable production down 12% Attributable gold production 15,000 • Total cash costs and AISC down 12% and 8%, respectively, due to greater drawdowns of marginal ore stockpiles TCC1 $876 AISC1 $970 Head grade (g/t) 0.93 SSP 2017 Guidance • Aligne
Slide 20: Côté Gold – Ontario (70%)
Côté Gold – Ontario (70%) Key accomplishments since IAMGOLD acquisition • Conversion of nearly 6Moz from resources to reserves • Positive decisions on Federal and Provincial Environmental Assessments • Completed prefeasibility study and initiated Feasibility study • Completed transaction with Sumito
Slide 21: Exploration
CORPORATION Exploration
Slide 22: Saramacca - Suriname
Saramacca - Suriname Cut-off Grade Tonnage Grade Contained Au Category Weathering Zone (g/t Au) (‘000 t) (g/t Au) (koz) Laterite 0.25 2,372 1.20 91 Indicated Saprolite 0.25 5,573 2.43 436 Transition 0.35 2,526 2.17 176 Fresh 0.45 3,973 2.49 318 Total Indicated 14,444 2.20 1,022 Laterite 0.25 4,455 0
Slide 23: Saramacca – Exploration Update
Saramacca – Exploration Update • Preliminary reserve estimate expected H1’18 • Expect to complete 20,000 metres of diamond and reverse circulation drilling by end of’17 • Targeting to convert inferred resource to indicated, expand existing resource and evaluate new zone of mineralization • Deposit o
Slide 24: Boto and Pitangui
Boto Location: Senegal Tonnes Grade Contained Ounces Ownership: 100% (000) (g/t) (000 Au) Measured & Indicated1 27,670 1.8 1,563 Highlights: • 1,150 metres of drilling completed in Q3 to evaluate potential near pit extensions of the Inferred1 2,922 1.3 125 Malikoundi deposit, explore additional reso
Slide 25: Diakha-Siribaya and Eastern Borosi
Diakha-Siribaya Location: Mali Tonnes Grade Contained Ounces Ownership: 100% (000) (g/t) (000 Au) Highlights: • 19,500 metres of diamond and RC drilling Measured & Indicated1,2 2,102 1.9 129 completed YTD Inferred1.2 19,816 1.7 1,092 • Focused on increasing confidence of the Diakha resource, extendi
Slide 26: Monster Lake and Nelligan
Monster Lake Location: Quebec Ownership: 50:50 JV with TomaGold, with option to earn up to a 75% interest Highlights: • Focused on better defining and extending the high-grade 325-Megane Zone • Results from new zones showing continuity of high grades similar to the 325-Megane zone • Over 1,800 metre
Slide 27: Catalysts
Catalysts Preliminary reserve estimate for Saramacca in H1’18, targeting production start in 2019 Consolidation of additional concessions at Rosebel Heap leach pre-feasibility Q2’18 Westwood continuing to ramp up Feasibility study for Côté H1’19 Côté production start potentially H1’21
Slide 28: Appendix
Appendix
Slide 29: Loma Larga – Optionality via Strategic Investment
Loma Larga – Optionality via Strategic Investment See INV news release dated July 14, 2016 Project Overview PFS Highlights* • IAMGOLD owns ~36% of INV Metals (TSX:INV) Mine Life ~11 years • PFS has robust economics with after-tax IRR of 26.3%, NPV@5% of US$300.9M, payback of 2.7 years Nameplate Capa
Slide 30: Technical Information and Qualified Person/Quality Control Notes
Technical Information and Qualified Person/Quality Control Notes The mineral resource estimates contained in this presentation have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The “Qualified Person” responsible for the super
Slide 31: Empowering People, Extraordinary Performance
Ken Chernin Laura Young Shae Frosst VP, Investor Relations Director, Investor Relations Associate, Investor Relations T: 416-360-4743 T: 416-933-4952 T: 416-933-4738 Empowering People, Extraordinary Performance l TSX: IMG l NYSE: IAG l