Agnico Eagle Mines (AEM) investor relations material

Strategic rationale and regional consolidation

• Consolidation in Finland's Central Lapland Greenstone Belt aims to create a multi-asset, multi-decade gold platform with potential for 500,000 ounces annual production within a decade.

• Acquisition of Rupert Resources, Aurion Resources, and B2Gold's 70% interest in Fingold JV expands land package to 2,492 km², enhancing exploration and development flexibility.

• Consolidation is expected to generate up to C$500M in synergies, optimize project development, and extend mine life, particularly at Ikkari.

• Established management, technical teams, and regional procurement relationships support operational efficiency.

Asset and resource highlights

• Kittila mine holds 3.3 Moz Au in reserves and produced ~225 koz Au in 2025; consolidated platform targets ~500 koz Au annual production.

• Ikkari project has probable reserves of 3.5 Moz Au and indicated resources of 4.1 Moz Au; pre-feasibility study envisions 227 koz annual production for first 10 years.

• Kittila mine has seen significant resource growth since 2005, with deposits remaining open at depth and along strike.

• Extensive exploration program planned, with C$60–100M budget over three years and up to 175,000m of drilling.

Transaction details and timeline

• Rupert shareholders to receive 0.0401 Agnico Eagle shares per Rupert share (C$12.00 upfront), plus up to C$3.00 contingent on milestones.

• Aurion shareholders to receive C$2.60 in cash per share; B2Gold to receive US$325M for its 70% Fingold JV stake.

• All transactions require shareholder and regulatory approvals, with expected closings in early Q3 2026.

• Voting support agreements secured from key shareholders and directors for both Rupert and Aurion.