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1847-Iamgold-West Africa Brochure 2014-EN-V7.Indd

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1847-Iamgold-West Africa Brochure 2014-EN-V7.Indd Overview of IAMGOLD IAMGOLD Corporation is a mid-tier mining company with five producing gold mines (including current joint ventures) on three continents. A solid base of strategic assets in Canada, South America and Africa is complemented by development and exploration projects and continued assessment of accretive acquisition opportunities. IAMGOLD is in a strong financial position with extensive management and operational expertise. The Company originated in West Africa over twenty years ago with the discovery of the Sadiola deposit, which became the Sadiola gold mine, in Mali. Today, IAMGOLD is the operator of the Essakane mine, the largest gold mine in Burkina Faso, and is the co-owner of Sadiola, one of the largest mines in Mali. In addition, IAMGOLD maintains a solid exploration program in West Africa, including ongoing projects in Burkina Faso, Mali and Senegal. The Siribaya project in Mali and Boto project in Senegal give the Company a strong pipeline for potential growth. The Company is continuing its expansion in West Africa. From top, left to right: Rosebel, Essakane, Sadiola, IAMGOLD around the world Yatela, Westwood, Côté Gold. KEY FACTS Established 1991 Westwood Headquarters Toronto, Canada Val d’Or, Canada President and CEO Stephen J.J. Letwin Total Attributable Gold Production Annually Approximately one million ounces Toronto, Canada Market Capitalization Côté Gold Approximately $1.0 billion Mali Operating Regions Yatela Essakane West Africa, South America, North America Suriname Senegal Work Force Approximately 5,600 Boto Burkina Faso Colombia Siribaya Rosebel GOLD Sadiola Gold has long been considered the Peru most desirable of Brazil precious metals, and its value has been used as the standard for many currencies in history. Gold has been used for jewelry and decorative purposes for thousands of years, as well as an investment product. However, Mine it is also increasingly a key component in Development Project other industries, and is used in medicines and medical devices, air bags, mobile Exploration / Head Office telephones, laptop computers, space travel, Advanced Exploration and many other high-tech applications. IAMGOLD Essakane SA GEOGRAPHIC LOCATION OF ESSAKANE Ownership: 90% IAMGOLD, 10% State of Burkina Faso. IAMGOLD’s presence in Burkina Faso includes the Essakane gold mine and a corporate MALI ESSAKANE NIGER office in Ouagadougou. BURKINA FASO The Essakane mine has been in operation since July 2010. The mine consists of seven OUAGADOUGOU permits covering 1,366 km2. In 2013, Essakane produced 250,000 ounces attributable to TOGO BENIN IAMGOLD and completed an expansion project doubling its hard rock capacity. Extending GHANA the mine life to 2025, the Essakane expansion will generate approximately 250 billion 0 100 200 km CFAF in added revenue for the government of Burkina Faso, and has created additional CÔTE D'IVOIRE 02100 00 mi employment of between 600-700 temporary workers during construction. The Essakane mine is located in north eastern Burkina Faso, West Africa. It straddles History of Essakane the boundary of the Oudalan and Seno provinces in the Sahel region of Burkina Faso The Essakane deposit has been an active artisanal mining site since 1985. Between 1989 and is approximately 330 km northeast of and 1991, the Bureau des Mines et de la Géologie du Burkina (BUMIGEB) undertook regional the capital, Ouagadougou. It is situated mapping and geochemical programs and arranged and financed a program of heap leach 42 km east of the nearest large town and the test work. The Compagnie d’Exploitation des Mines d’Or du Burkina (CEMOB) acquired a provincial capital of Oudalan, Gorom-Gorom. mining permit for the site in 1991, and from 1992 to 1999 carried out heap leach processing Burkina Faso is a landlocked nation, of gravity rejects from the artisanal winnowing and washings. surrounded by the countries of Mali, Niger, Benin, Togo, Ghana, and Côte d’Ivoire. It covers Coronation International Mining Corporation (CIMC) secured the title in 1996, and an area of 274,000 km2 and has an estimated subsequently acquired six new exploration permits. In September 2000, CIMC optioned population of more than 13.2 million. the project to Ranger Minerals, which completed several phases of drilling over artisanal mining sites, including Essakane, Falagountou and Gossey. Following Ranger’s withdrawal from the joint venture, Orezone Resources offered to merge with CIMC and became 90% KEY FACTS owner of the project. Essakane SA Gold Mine Gold Fields entered into a joint venture agreement with Orezone Resources in July 2002, and completed a pre-feasibility study in 2006. After the completion of the feasibility Acquired Date February 25, 2009 Study in September 2007, Orezone Resources acquired Gold Fields’ 60% interest in the Shareholders project, and reclaimed its 90% ownership. IAMGOLD commenced management of the IAMGOLD: 90% Essakane project following the acquisition of Orezone Resources in February 2009. Government of Burkina Faso: 10% Mining Rights 1,366 km2 IAMGOLD’s contribution to Burkina Faso Essakane Exploration SARL IAMGOLD spent or invested approximately 203.4 billion CFAF in Burkina Faso in 2013 to Alkoma 2, Dembam 2, Gomo 2, Gossey 2, support its Essakane SA activities, including capital expenditures, local procurement, Lao Gountouré 2, Korizena, Gaigou employee compensation, and community resettlement projects. As the largest private Mining & Processing sector employer in Burkina Faso, the company provides direct employment to Open pit; gravity circuit; carbon-in-leach approximately 2,300 Burkinabé, as well as creating jobs for numerous local providers of goods and services. In 2013, IAMGOLD spent approximately 132.4 billion CFAF on local Production procurement, 1.8 billion of which was in the Sahel Region. Further, IAMGOLD directly Commercial, starting July 16, 2010 contributed 51.8 billion CFAF to the government in the forms of taxes and royalties. Total Production (2013) 277,000 ounces Total Mineral Reserves (December 31, 2013) 4.6 million ounces Direct Employment 2,424 Mining plays a crucial role in the socio-economic Our Mission, development of Burkina Faso Vision and Values The Canadian mining presence in Burkina Faso has grown significantly since 2003 – from Core purpose–Why we exist. overall investments of 51.5 billion CFAF in 2003, to 750 billion CFAF in 2011. The Essakane mine is by far the largest foreign investment in the history of the country. In recent years, To enrich the lives of IAMGOLD’s investments have amounted to over half of all annual foreign direct investments our stakeholders. in Burkina Faso. Burkina Faso is rapidly becoming the premier destination for Canadian mining investment Vision–Where we are going, and how we will know we are there. amongst all WAEMU (West African Economic & Monetary Union) countries, and attracts an increasing number of foreign companies as a result of its reputation as a strong mining To be the global leader in jurisdiction. With ever-growing ties between the two countries, Canadian mining investments generating superior value in Burkina Faso will continue to grow and will therefore continue to increase government for our stakeholders through revenues, bolster local employment and encourage broader economic activity within the country. accountable mining. Essakane SA Essakane SA Mission–What we do every day Total 2013 Direct Contributions Total Local Procurement to get there. to Government Breakdown of procurement We engage, empower and Billion CFAF support each other in pursuit 0.9 1.5 of excellence. 0.9 1.9 0.5 2.5 2.4 3.5 1.1 5.5 Commitment–What we pledge. 7.5 3.8 • Zero Harm and safety remain at 10.8 the absolute core of our brand. TOTAL – TOTAL – 24.3 8.1 46.9 • It is our commitment that we 51.8 billion CFAF 132.4 billion CFAF continue to strive for the highest 14.5 standards in human health, minimize our impact on the 15.4 environment, and work co- 9.8 22.5 operatively with our host communities. Corporate Employer’s Machinery & Explosives • Our main focus will always be Income Tax Contributions Equipment Rental & Blasting safety and ensuring all of our Royalties Dividends Fuel & Lubricant Other employees go home safe. Customs, Imports Adjustment & Customs, Duties Drilling Services and Fuel Penalties & Freight Transport & Value declarations VAT on Gas-oil Superficiaries Material, Equipment Vehicle Rental & Other Taxes & Spare Parts What we believe in; our principles. Food IAMGOLD Construction Materials • We are driven to excellence in Insurance Withholding & Contractors everything we do. • We are accountable and operate Essakane SA – Total 2013 Economic Impact (CFAF) with transparency. 300 • We conduct ourselves with Total direct contributions 51.8 billion CFAF to government of Burkina Faso respect and embrace diversity. 200 • We grow with teamwork, learning Total indirect economic impact and innovation. 100 242.6 billion CFAF on Burkina Faso’s economy Indirect economic impact based upon total spend within local economy. Supplies from local suppliers è Taxes paid by suppliers + job creation for suppliers è Estimated multiplier effect. Commitment Towards the Community EMPLOYMENT STATISTICS: Throughout our activities around the world, Zero Harm is IAMGOLD’s vision for • 40% of Burkinabe employees are from the maintaining the highest standards in health and security at our operations, minimizing Sahel region; 14% live within 15 km of the our impact on the environment, and working cooperatively with the local community. mine site This means ensuring that a good deal of the social and economic benefits generated • Each month, Essakane SA employs about by our operations stays within the local communities. 30 temporary workers from local IAMGOLD seeks to hire as many local employees as possible. At full production, communities and that are part of the Essakane employs approximately 2,300 Burkinabe. IAMGOLD also provides ongoing mine’s human resources database training opportunities in order to enhance the skills-base and human capital of • In 2013, Burkinabe employees at employees.
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