IAMGOLD Corporation (IMG) Earnings Call Transcript & Summary

Hello, and welcome to the Annual Meeting of Shareholders of IAMGOLD Corporation. Please note that today's meeting is being recorded. If you participate in today's meeting and disclose personal information, you will be deemed to consent to the recording, transfer and use of same. If you disclose personal information of another person in today's meeting, you will be deemed to represent and warrant to Computershare and the corporation that you first obtained all required consent for the disclosure. Recording and transfer and use of such personal information from all appropriate persons before your disclosure. [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 afternoon, and welcome to the Annual General 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; Annie Torkia Lagace, Chief Legal and Strategy Officer; and Graeme Jennings, Vice President, Investor Relations. The other directors of the company joining us today are Christiane Bergevin; Ann K. 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 formal business will be by electronic ballot. Registered shareholders and duly appointed proxy holders will be asked to vote on all matters after they've 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 will 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 formal 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 the matters of formal business. Upon conclusion of the business of the meeting, as set out in the notice of the meeting, the meeting will be terminated and the call disconnected. Please note that management does not intend to provide a presentation following the conclusion of the formal business of the meeting. If the connection of the meeting is interrupted, the meeting will be placed on a brief pause until the connection is restored. The operator will inform participants of the situation and provide an update once the meeting is ready to resume. We will now proceed with the matters of formal business. I now ask that the Annual General Meeting of Shareholders of IAMGOLD Corporation come to order. I appoint Annie Torkia Lagace, as Secretary of the meeting. I appoint Computershare Trust Company of Canada as scrutineer of the meeting. The formal business of meeting is set out in the Management Information Circular dated April 3, 2025. The notice calling this meeting, the Management Information Circular and form of proxy were mailed to shareholders on or around April 9, 2025. Prior to that, the audited consolidated financial statements of the company for the year ended December 31, 2024, and the 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. There 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, 2024, 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: DavidSmith; Renaud Adams; Christiane Bergevin; Ann 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 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. 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. Please submit your questions by clicking on the question-and-answer icon to the right of the virtual interface.

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

Thank you, Graeme. As there are no questions, I now ask that the voting on all -- on the matters of formal business by way of electronic ballot be open to registered shareholders 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 invite codes in which 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; and the for or against button next to the resolution in respect of the company's approach to executive compensation. We will provide registered shareholders and proxy holders approximately 1 more minute to complete the electronic ballots. Once the electronic balloting closes, your votes will automatically be submitted. [Voting]

The polls are now closed. I've 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 polls 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 the meeting has now been completed, and there is no further business to come before the meeting, I declare the meeting to be concluded. Thank you all for attending and the operator will now disconnect the call.

This concludes the meeting. You may now disconnect.