IAMGOLD Corporation (IMG) Earnings Call Transcript & Summary

Hello and welcome to the Annual and Special Meeting of Shareholders of IAMGOLD Corporation. Please note that today's meeting is being recorded. [Operator Instructions] It is now my pleasure to turn today's meeting over to David Smith, Chair of the Board. The floor is yours.

Good morning, and welcome to the Annual and Special Meeting of Shareholders of IAMGOLD Corporation. My name is David Smith, and as Chair of the Board of Directors, in accordance with our bylaws, I will Chair the meeting. Joining me are Renaud Adams, President and CEO; Tim Bradburn, Senior Vice President, General Counsel and Corporate Secretary; and Graeme Jennings, Vice President, Investor Relations. Other directors of the company joining us today are Christiane Bergevin, Ann Masse, Peter O'Hagan, Kevin O'Kane, Murray Suey, Anne Marie Toutant and Audra Walsh. It is necessary to set out a few rules for the orderly conduct of the meeting being held virtually. Voting on all matters of business will be by electronic ballot. Registered shareholders and duly appointed proxy holders will be asked to vote on all matters after they have been presented. So that the meeting is efficient, as Chair of the meeting, I will put all matters to a vote of shareholders near the end of the meeting. Shareholders will note that there will be no matter move to a vote that has not been disclosed in the management information circular. When asked to vote, you'll have a short amount of time to do so before the polls close. To vote, click on the vote icon to the right of the virtual interface. Following the presentation of all matters of formal business and prior to voting, there will be an opportunity for questions in respect of the business of the meeting. Questions can be submitted by any registered shareholder or duly appointed proxy holder using the instant messaging service by clicking on the question-and-answer icon to the right of the virtual interface. When asking a question, please indicate your name and which entity you represent, if any, and confirm that you are a registered shareholder or duly appointed proxy holder. Questions will be addressed prior to the commencement of voting on matters of formal business. If my connection to the meeting is terminated, the President and CEO of Renaud Adams, shall Chair the remainder of the meeting. We will now proceed with the matters of formal business. I now ask that the Annual and Special Meeting of Shareholders of IAMGOLD Corporation come to order. I appoint Tim Bradburn as Secretary of the meeting. I appoint Computershare Trust Company of Canada as scrutineer of the meeting. The business of the meeting is set out in the Management Information Circular dated April 23, 2024. The notice calling this meeting, the management information circular in the form of proxy were mailed to shareholders on or around May 2, 2024. Prior to that, the audited consolidated financial statements of the company for the year ended December 31, 2023, and related MD&A were mailed to shareholders who requested them. Copies of the management information circular and other meeting materials are available under the company's profile on the SEDAR+ and EDGAR websites. Our transfer agent has attested to the proper mailing of the notice calling this meeting. It has been filed with me proof of such mailing, and I direct that the secretary attach a copy of it to the minutes. I am advised that a quorum of shareholders in accordance with the bylaws of the company is present, and the meeting is, therefore, properly called and duly constituted for the transaction of business. I have received the scrutineers' report in this regard, and I direct that the secretary attach a copy of it to the minutes of this meeting. As the first item of business, I put before the meeting the audited consolidated financial statements of the company for the year ended December 31, 2023, together with the Auditor's Report thereon. Copies of such documents were mailed to shareholders who requested them. There will be an opportunity for shareholders to ask questions concerning the financial statements during the upcoming question and discussion period. The next item of business is the election of Directors. The 9 Directors nominated for election by shareholders shall hold office until the close of business of the next Annual Meeting of Shareholders or their successors are elected or appointed. David Smith, Renaud Adams, Christiane Bergevin, Anne Masse, Peter O'Hagan, Kevin O'Kane, Murray Suey, Anne Marie Toutant and Audra Walsh have been nominated as Directors, and each of them has confirmed that he or she is prepared to serve as a Director. I move that such directors be elected. The next item of business is the appointment of the auditor of the company. I move that KPMG LLP be appointed auditor of the company until the next Annual General Meeting of Shareholders and that the Board of Directors be authorized to fix their remuneration. The next item of business is the approval of the company's approach to executive compensation as described in the Management Information Circular. I move that the company's approach to executive compensation as described in the management information circular be approved. The last item of business is the approval of the amendments to the company's share incentive plan described in the Management Information Circular. I move that the amendments to the company's share incentive plan and the amended and restated share incentive plan as described and set out in the management information circular be approved. Voting on all motions will proceed by way of electronic ballot. Before the polls are opened, I would like to take a brief opportunity to answer any questions from registered shareholders or proxy holders regarding the business of the meeting. [Operator Instructions]

Mr. Chair, I confirm that there are no questions at this time.

Thank you, Graeme. As there are no questions, I now ask that the voting on matters of formal business by way of electronic ballot be opened to registered holders and proxy holders. The polls are now open and all registered shareholders and duly appointed proxy holders who have properly logged in with their control numbers or user names and wish to vote will be able to see on the screen all motions made at this meeting for a vote of shareholders. Please register your votes by clicking on the vote icon to the right of the virtual interface and selecting the for or against button next to the name of each nominated director. The for or withhold button next to the appointment of KPMG LLP, the for or against button next to the resolution in respect of the company's approach to executive compensation and the for or against button next to the resolution in respect of the amendments to the company's share incentive plan. We will provide registered shareholders and proxy holders approximately 1 more minute to complete the electronic ballot. Once the electronic ballot closes, your votes will automatically be submitted. [Voting]

The polls are now closed. I have been advised by the scrutineer that the ballots tallied result in each of the matters of the formal business of the meeting being approved. I direct that the results of the poll be included with the minutes of this meeting and that the results be announced in a press release. As the business of the meeting set out in the notice of meeting has now been completed, and there is no further business to come before this meeting, I declare the meeting to be concluded. Thank you all for attending and operator will now disconnect the call.

This concludes the meeting. You may now disconnect.