Slide 1: Third Quarter 2018 Results
Third Quarter 2018 Results November 7, 2018 l TSX: IMG l NYSE: IAG l
Slide 2: Management Participants
Management Participants SIAMGOLD Steve Letwin President & Chief Executive Officer “coamtutan area chat open oe enn cet cucpecacithatepe come nnn “ceuoma ss snes mtn bp cnn _ ens <csenlonmlantavn comune detent anne Ken Chernin Vice President, Investor Relations
Slide 3: Cautionary Statement
Cautionary Statement All information included in this presentation whether in narrative or chart form, 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 s
Slide 4: Strategic Overview
Strategic Overview
Slide 5: Successful Execution
Successful Execution Well positioned to achieve 1.2M to 1.3Moz by 2022 at AISC below $850/oz through organic growth Boto Gold Côté Gold Investment Advancing decision to be Westwood towards made development Ramping up production Future Growth Essakane Options Refocusing HL Feasibility on CIL Further
Slide 6: Financial Review
Financial Review
Slide 7: Summary of Financial Results
Summary of Financial Results Q3 Q3 YTD YTD (In $ millions, except per share amounts) 2018 2017 2018 2017 Revenues1 244.8 268.8 836.7 803.8 Cost of Sales 237.3 227.9 723.8 692.0 Gross profit 7.5 40.9 112.9 111.8 Net earnings (loss)2 (9.5) 30.8 6.6 519.3 Net earnings (loss)2 ($/share) (0.02) 0.07 0.01
Slide 8: Hedging Summary
Hedging Summary As at September 30, 2018 2018 2019 2020 2021 2022 Foreign Currency Canadian dollars (millions of C$)1 - 60 Canadian dollar option contracts (millions of C$) 54 60 Rate range ($/C$) 1.30 – 1.45 1.25 – 1.39 Hedge ratio 72% 38% Euros (millions of €)2 40 100 Euro option contracts (millio
Slide 9: Liquidity Position
Liquidity Position Cash and cash equivalents $596 M Short-term investments $119 M Available credit facility $250 M Total Liquidity1 $965 M Expect to receive $95 million final cash payment from Sumitomo Metal Mining Co., Ltd. in Q4/18 for its purchase of a 30% interest in the Côté Gold Project. M
Slide 10: Operations Review
Operations Review
Slide 11: Production Tracking to Guidance
Production Tracking to Guidance 850 - 900koz 900 882koz 844koz 806koz 813koz 800 700 600 500 400 YTD’18: 651 koz 300 200 100 0 2014 2015 2016 2017 2018E Source: Company filings 11
Slide 12: All-in Sustaining Costs Tracking to Guidance
All-in Sustaining Costs Tracking to Guidance 1150 $/oz sold $1,118 1100 $1,057 $990 - $1,070 1050 YTD’18: $1,003 $1,035 1000 950 900 850 800 2015 2016 2017 2018E Source: Company filings 12
Slide 13: 2018 Production and Cost Guidance
2018 Production and Cost Guidance Previous1 Revised1 Essakane (000s oz) 380 – 395 390 – 405 Rosebel (000s oz) 295 – 310 280 – 295 Westwood (000s oz) 125 – 135 125 – 135 Total owner-operated production (000s oz) 800 – 840 795 – 835 Joint ventures (000s oz) 50 – 60 55 – 65 Total attributable productio
Slide 14: 2018 Capex Outlook
2018 Capex Outlook Capital expenditure guidance lowered by $20M to $305M (±5%) Previous Guidance Current Guidance $millions Non- Non- Sustaining1 Sustaining Total Sustaining1 Sustaining Total Essakane $90 $50 $140 $90 $45 $135 Rosebel $45 $45 $90 $45 $35 $80 Westwood $25 $40 $65 $25 $40 $65 Owner-op
Slide 15: Essakane
Essakane Burkina Faso (90%) Q3 2018 Highlights Q3 2018 Actuals • Production up 3% primarily due to higher grades Attributable gold production (oz) 96,000 • Mill continues to perform well above nameplate capacity TCC1 $762 • Recovery at 91%, consistent with prior periods and expected to improve ~0.5%
Slide 16: Rosebel
Rosebel Suriname (95%) Q3 2018 Highlights Q3 2018 Actuals • Attributable production down 11% due to lower throughput Attributable gold production (oz) 67,000 and grades • Lower grades primarily due to mine sequencing TCC1 $893 AISC1 $1,113 • Mill throughput decreased due to higher proportions of har
Slide 17: Westwood
Westwood Quebec (100%) Q3 2018 Highlights Q3 2018 Actuals • Production down 9% due to lower throughput and mining lower grade stopes, as planned Attributable gold production (oz) 30,000 • Excluding marginal ore stockpiles, ore grade mined TCC1 $856 underground was 7.03 g/t, or 8% higher than mill he
Slide 18: Sadiola
Sadiola Mali (41%) Q3 2018 Highlights Q3 2018 Actuals • Attributable production down 7% from the prior year period Attributable gold production (oz) 14,000 • Cessation of mining activities due to depletion of oxide ore; mill processing remaining stockpiles TCC1 $935 AISC1 $923 Head grade (g/t) 0.90
Slide 19: Côté Gold
Côté Gold Ontario (64.75%) Feasibility Results Demonstrate Economically IMG Viable Project1 Tonnes Grade Contained Contained Ounces • 23% increase in P&P Reserves and 24% increase in M&I Resources (millions) (g/t) (000) Ounces compared to the 2017 PFS (000) Base Case (100%) Proven & Probable Reserve
Slide 20: Boto Gold
Boto Gold Senegal (90%) IMG FS Delivers Robust Project Economics1 Tonnes Grade Contained Contained Ounces (000) (g/t) Ounces • Reserves increased by 36% to 1.9Moz; Indicated (000) (000) Resources increased by 29% to 2.5Moz Probable Reserves1 35,060 1.71 1,926 1,733 • After-tax NPV@5% increased by 15
Slide 21: Exploration Review
Exploration Review 21
Slide 22: Saramacca-Brokolonko Trend – Exploration Update
Saramacca-Brokolonko Trend – Exploration Update Brokolonko 22
Slide 23: Essakane – Regional Exploration Targets
Essakane – Regional Exploration Targets Brownfield Success Dembam 2 • ~1 Moz of resources delineated at Falagountou West and East, 8 kilometres east of Essakane; evaluating potential to increase resources at both deposits Takabangou • During Q3’18, completed approximately 8.3km RC and diamond drilli
Slide 24: Diakha-Siribaya
Diakha-Siribaya Mali (100%) • Located approximately 10km south along strike Effective Dec 31, 2017 Tonnes Grade Contained (Diakha & Zone 1B) (000) (g/t) ounces from the Boto Gold Project in Senegal RPA (000 Au) Measured & Indicated1 2,102 1.9 129 • Announced results from 2018 delineation drilling pr
Slide 25: Pitangui and Eastern Borosi
Pitangui Brazil (100%) • Banded iron formation hosted deposit Tonnes Grade Contained Ounces (000) (g/t) (000 Au) • 25kms from Jaguar’s Turmalina mill Inferred 1 5,365 4.7 819 • Completed ~5km of diamond drilling in Q3’18 to expand São Sebastião deposit • Focused on extending mineralization beyond cu
Slide 26: Monster Lake and Nelligan
Monster Lake Quebec (50% JV Interest) Ownership: 50:50 JV with TomaGold, with option to earn up to a Tonnes Grade Contained Ounces 100% Basis (000) (g/t) (000 Au) 75% interest 1 Inferred 1,110 12.1 433 • Results of 2018 winter drilling program2: › 40.94 g/t Au over 5.3m › 72.17 g/t Au over 2.6m › 39
Slide 27: Growth Catalysts
Growth Catalysts 2018 Q1 Q2 Q3 Q4 2019 2020 2021 ✔ ✔ ✔ ✔ Saramacca Gold Essakane Heap Leach Saramacca Reserve Côté Feasibility Saramacca Westwood Côté District Consolidation Pre-feasibility Study declaration Study production ramp-up production ✔ ✔ Boto Pre-feasibility Boto Feasibility Essakane Oxyge
Slide 28: Appendix
Appendix 28
Slide 29: Loma Larga – Optionality via Strategic Investment
Loma Larga – Optionality via Strategic Investment Ecuador Project Overview • IAMGOLD owns ~36% of INV Metals (TSX:INV) PFS Highlights1 • PFS has robust economics with after-tax IRR of 26.3%, NPV@5% of US$300.9M, payback of 2.7 years Mine Life ~11 years • Probable Mineral Reserves of 1.86M oz of cont
Slide 30: Technical Information and Qualified Persons
Technical Information and Qualified Persons 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 supervision of the prepara
Slide 31: Investor Relations Contacts
Ken Chernin Laura Young Martin Dumont VP, Investor Relations Director, Investor Relations Senior Analyst, Investor Relations T: 416-360-4743 T: 416-933-4952 T: 416-933-5783 l TSX: IMG l NYSE: IAG l