Iamgold Corporation · TSX:IMG

Iamgold — 24th Annual Deutsche Bank Leveraged Finance Conference 2016

32 slides from Iamgold's conference presentation, Sep 26, 2016

  1. Slide 1: 24th Annual Deutsche Bank Leveraged Finance Conference

    24th Annual Deutsche Bank Leveraged Finance Conference September 26-28, 2016

  2. Slide 2: 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

  3. Slide 3: Geographically Diversified Asset Base

    Geographically Diversified Asset Base* Westwood1 NORTH AMERICA Mine life: ~20 yrs M&I Resources: 739 oz Westwood Inferred Resources: 2,747 oz Côté Gold Sadiola1 Mine life: ~2+ yrs Monster Lake M&I Resources: 2,864 oz Inferred Resources: 374 oz Nelligan WEST AFRICA Essakane1 Essakane Mine life: ~8 yr

  4. Slide 4: Focused on Organic Growth

    Focused on Organic Growth Westwood Brownfield Development Exploration Ramp-up Expansion Projects Rosebel Sadiola Sulphide • Full production • Focused on acquiring • Intend to move ahead • Declared resources at 180-200k oz by 2019 soft rock resources by year-end Boto, Siribaya and within vicinity of

  5. Slide 5: Potential Production Pipeline

    Potential Production Pipeline 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 2016 2017 2018 2019 2020 Essakane Rosebel Westwood Sadiola Oxide Sadiola Sulphide Potential Targeting AISC of $900-$950/oz by 2020 l TSX: IMG l NYSE: IAG l 5

  6. Slide 6: Gold Margins

    Gold Margins Due to: Q2’15 Q2’16  Higher gold price $1,194 vs. $1,269 6% 600 $30  Lower cash costs $817 vs. $756 7% 500 $250* $500 $377 Gold Margin ($US/oz) $513 400 300 $377 $27 200 $71 $143 100 0 Q2'15 Q2'16 l TSX: IMG l NYSE: IAG l 6

  7. Slide 7: The Offering

    The Offering Analysis  Reviewed Company’s liquidity position over 6 year period (2016 – 2021) under a number of different gold prices scenarios  Used the latest available LOM plans for the financial analysis and assumed development of Sadiola Sulphide project (7.2 Mtpa) $30  Maintained assumption

  8. Slide 8: Current Financial Position

    Current Financial Position Pre-Deal* Credit Metrics Post-Deal 625.5 Cash Position1 $30 701.1 140.0 Credit Facility 170.0 313.5 EBITDA2 $250* 313.5 635.0 $500 Total Debt 489.1 2,032.2 Equity 2,253.1 1,285 Cash flow breakeven/ ounce3 1,197 $529 (9.5) Net Cash (Debt) Position 212.1 31.2% Total Debt / E

  9. Slide 9: Capital Structure

    Capital Structure Equity Debt IMG CDN Equity (as at Sep 21, 2016) IAMGOLD 6 ¾ callable bonds October 1, 2020 Price: $5.89 Rating: B3 (Moody’s) and B+ Positive outlook (S&P) as of Sept. 2016 Market Cap: $2.65B Rank: Senior Unsecured 52 Wk High/Low: $7.65/$1.66 Amount outstanding: $490M as of Septembe

  10. Slide 10: 2016 Production and Cost Guidance

    2016 Production and Cost Guidance1,3 2016 Guidance1 Essakane (000s oz.) 365 – 375 Rosebel (000s oz.) 285 – 295 Westwood (000s oz.) 50 – 60 Total owner-operated production (000s oz.) 700 -730 Joint ventures (000s oz.) 70 Total attributable production (000s oz.) 770 – 800 Total cash costs2,3 – owner-o

  11. Slide 11: Operations

    Operations

  12. Slide 12: Essakane – Burkina Faso

    Essakane – Burkina Faso (90%) Q2 2015 Q2 2016 Attributable gold production 89,000 89,000 Head grade 1.23 1.24 All-in sustaining costs1 ($/oz) $1,022 $1,090 Total cash costs1 ($/oz) $802 $679 Q2 2016 Highlights  Small increase in throughput and slightly higher grade offset by lower recoveries due to

  13. Slide 13: Rosebel – Suriname

    Rosebel – Suriname (95%) Q2 2015 Q2 2016 Attributable gold production 71,000 73,000 Head grade 0.80 0.78 All-in sustaining costs1 ($/oz) $1,104 $1,051 Total cash costs1 ($/oz) $864 $765 Q2 2016 Highlights  Despite proportion of soft rock declining by 50% from Q2’15, mill throughput rose by 4% due t

  14. Slide 14: Rosebel – Saramacca Concession Acquired

    Rosebel – Saramacca Concession Acquired About Saramacca:  30 km southwest from Rosebel mill  Previously owned by Golden Star & Newmont  Historical data and drilling suggests exploration target potential of between 8 to 40M tonnes grading 1.0 g/t to 1.8 g/t Au for potentially 500,000 to 1.4M oz Au

  15. Slide 15: Westwood – Quebec

    Westwood – Quebec (100%) Q2 2015 Q2 2016 Attributable gold production 23,000 16,000 Head grade 7.06 6.10 All-in sustaining costs1,2 ($/oz) $1,044 $1,157 Total cash costs1,2 ($/oz) $837 $948 Westwood LOM – Production & Costs Forecast Q2 2016 Highlights 250,000 $2,500  Production from planned mining

  16. Slide 16: Westwood Development – Progress Update

    Westwood Development – Progress Update Key Performance Indicators YTD Target YTD Actual Variance No lost time DART Rate* 3.30 0 -100% incidents Safety or injuries TRIR+ 8.8 8.4 -5% Underground lateral development 10,996 11,362 3% Development (m) Underground vertical development 1,978 1,545 -22% Tota

  17. Slide 17: Sadiola- Mali

    Sadiola- Mali (41%) Q2 2015 Q2 2016 Attributable gold production 17,000 18,000 Head grade 1.14 1.20 All-in sustaining costs1 ($/oz) $706 $973 Total cash costs1 ($/oz) $658 $941 Sadiola’s Historical Gold Production2 700,000 Q2 2016 Highlights  Attributable production consistent QoQ due to higher gra

  18. Slide 18: Sadiola Sulphide Expansion Project

    Sadiola Sulphide Expansion Project Project Highlights  Intend to move ahead by year-end conditional upon partner AngloGold Ashanti’s decision to proceed and renewal of construction and operating permits, power agreement and fiscal terms relating to the project  Currently refining project economics

  19. Slide 19: Sadiola Sulphide Expansion Project – Economic Assumptions

    Sadiola Sulphide Expansion Project – Economic Assumptions 1 Main Economics Parameters for Pit Optimization Gold price (P) US$/oz 1,200 Tax and Royalty Assumptions: Long term oil price US$/bbl 75 Site diesel price US$/litre 0.83  30% as per the mining convention between SEMOS Tax and the Government

  20. Slide 20: Côté Gold – Providing Further Optionality

    Côté Gold – Providing Further Optionality Tonnes Grade Contained Ounces  One of Canada’s largest undeveloped deposits (000) (g/t) (000 Au)  Located in northeastern Ontario; 130km Measured & Indicated1 289,183 0.9 8,354 southwest of Timmins Inferred1 66,894 0.6 1,174  Extensive infill drilling and

  21. Slide 21: Côté Gold – Well Established Infrastructure

    Côté Gold – Well Established Infrastructure ENERGY 35 km to 115 kV power line Timmins Rail 70 km to 500 kV transmission line Roads Favouring 230 kV line from Timmins Power lines ROAD 500 kV CN Rail Close to Hwy 144, 130 km to Timmins, 101 Power line 170 km to Sudbury Côté Gold 144 Chapleau Property

  22. Slide 22: Côté Gold – Evolved Resource Estimate

    Côté Gold – Evolved Resource Estimate* Quantity Grade Au Metal Quantity Grade Au Metal (Mt) (g/t Au) (Koz) (Mt) (g/t Au) (Koz) Trelawney 35.0 0.82 930 204 0.91 5,940 IMG 289.2 0.90 8,354 66.9 0.60 1,174 Since IAMGOLD’s acquisition in 2012:  Indicated resources have increased by ~7.4Moz  Average gr

  23. Slide 23: Exploration

    Exploration

  24. Slide 24: Boto

    Boto Location: Senegal Tonnes Grade Contained Ounces Ownership: 100% (000) (g/t) (000 Au) Highlights: • Advancing technical and environmental studies Measured & Indicated1 27,670 1.8 1,563 • Results from the 2016 diamond drill program at Malikoundi deposit indicate extension of Inferred1 2,922 1.3 1

  25. Slide 25: Diakha-Siribaya

    Diakha-Siribaya Location: Mali Tonnes Grade Contained Ounces (000) (g/t) (000 Au) Ownership: 50:50 JV with Merrex Gold Measured & Indicated1,2 2,102 1.9 129 Highlights: • Multiple zones of mineralization and deposit open Inferred1.2 19,816 1.7 1,092 in all directions • Currently focused on expanding

  26. Slide 26: Monster Lake

    Monster Lake Location: Quebec Ownership: Earn-in option with TomaGold Highlights: • High-grade 325-Megane Zone extends at depth • Testing targets north and south of the main 325-Megane Zone • Completed 8,100 metres of drilling Q2 YTD • Final drill results from 2016 winter program announced in June 2

  27. Slide 27: Appendices

    Appendices

  28. Slide 28: Mineral Reserves and Resources

    Mineral Reserves and Resources Contained Gold (000s attributable oz.) 2015 Change 2014 As of December 31, 2015 Total proven and probable mineral reserves 7,690 (11%) 8,608 Total measured and indicated mineral resources 2,3 23,482 10% 21,412 Total inferred resources 6,733 (4%) 7,018 • Gold reserves h

  29. Slide 29: Summary of Outstanding Hedge Derivative Contracts

    Summary of Outstanding Hedge Derivative Contracts Contracts 2016 2017 2018 Foreign Currency Canadian dollar contracts (millions of C$) 60 60 60 Contract rate range (C$/$) 1.28 - 1.38 1.30 1.30 - 1.45 Hedge ratio1 40% 22% 22% Euro Revenue contracts (millions of €) 30 66 Contract rate range ($/€) 1.03

  30. Slide 30: ERM – Risk Assessment Procces

    ERM – Risk Assessment Procces Step 1: For each risk, Executive Leadership Team assessed risk impact Step 2: Reviewed mitigating measures and monitoring actions in place Step 3: Assessed likelihood of occurrence to determine residual risk Step 4: Established risk owners, identified improvement opport

  31. Slide 31: 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

  32. Slide 32: TSX: IMG NYSE: IAG

    Bob Tait 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 TSX: IMG NYSE: IAG

IAMGOLD — 24th Annual Deutsche Bank Leveraged Finance Conference 2016 on 6ix