IAMGOLD Corporation Annual Report 2010

Chairman's Message

President and Chief Executive Officer's Message

Questions & Answers with Stephen Letwin

Performance Scorecard

2010 Objectives	2010 Results	2011 Key Objectives
Achieve/exceed gold production and cost guidance of 940,000 to 1,000,000 ounces at cash costs between $490–$510 per ounce.	Produced 967,000 ounces of gold at an average cash cost of $574 an ounce.	Increase market valuation to the average of our peer group in the gold sector. Achieve/exceed gold production target of between 1.1 and 1.2 million attributable ounces at a cash cost of between $565 and $595 per ounce. Achieve/exceed niobium production target of between 4.5 and 5.0 million kilograms at a margin of between $15 and $17 per kilogram. Strengthen our leadership bench strength and acquire and retain the top talent in the industry. Continue to build our pipeline of potential targets for accretive acquisitions. Grow reserves and resources to exceed depletion through organic development. Generate new projects and advance existing projects to the development stage through greenfield exploration. Continue our relentless commitment to Zero Harm.
Build our financial strength.	Increased cash, cash equivalents and gold bullion by 37% to $411 million and our line of credit by $210 million to $350 million.
Deliver Essakane on budget and on or ahead of schedule.	Essakane commenced commercial production well ahead of schedule and on budget.
Advance our other development projects on schedule and on budget.	Westwood on schedule with commercial production planned for early 2013. Completed Niobec expansion.
Build our reserves and resources to replace or exceed depletion.	Increased gold reserves by 13% to 16.4 million ounces, and niobium reserves by 34% to 243.8 million kilograms.
Build our project pipeline through acquisitions and greenfield exploration.	Successfully advanced the Charmagne discovery and defined 20+ drill-ready targets for 2011.
Continue our commitment to Zero Harm.	One fatality; "Days Away" injury rate of 0.58 (per 100 workers); no significant environmental or community accidents.

Executive Leadership
Team

(from left to right)

Gordon Stothart
Executive Vice President and Chief Operating Officer

Carol Banducci
Executive Vice President and Chief Financial Officer

Larry Phillips
Executive Vice President, Corporate Affairs

Michael Donnelly
Senior Vice President, Exploration

Stephen Letwin
President and
Chief Executive Officer

Jeffery Snow
Senior Vice President and General Counsel

Paul Olmsted
Senior Vice President, Corporate Development

Lisa Zangari
Senior Vice President, Human Resources

LEGAL SITE MAP

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