Agnico Eagle Mines (AEM) Conference presentation summary

Strategic growth and operational highlights

• Positioned for 20–30% gold production growth over the next decade, targeting over 4 million ounces annually by the 2030s through key projects in Canada, Mexico, and Finland.

• Major growth drivers include Detour Lake and Canadian Malartic, each with pathways to become 1Moz annual producers, and Hope Bay with an 11-year mine life starting in 2030.

• Strong focus on operational excellence, digital transformation, and automation, including successful autonomous trucking and underground fleet management systems.

• Robust exploration program with 1.5M metres of drilling planned for 2026 and $600M allocated to exploration and infrastructure.

• Emphasis on sustainability, including renewable energy initiatives such as the Hope Bay wind turbine project in partnership with Inuit-owned KTLP.

Financial performance and capital allocation

• Returned 48% of H1 2026 free cash flow to shareholders via dividends and share buybacks; cumulative returns since 1983 total $6.6B.

• Quarterly dividend of $0.45 per share declared; $400M in share repurchases in Q2 2026; NCIB renewed with a $2B internal purchase limit.

• Net cash position increased to ~$3.3B at Q2 2026; Fitch upgraded long-term issuer rating to A- in April 2026.

• Investing in five key value driver projects while maintaining a disciplined approach to capital allocation and balance sheet strength.

Regional operations and project pipeline

• Quebec: 2026 gold production guidance of 980koz at $1,116/oz cash cost; strong community relations and 100% renewable electricity.

• Ontario: 2026 gold production guidance of 1,030koz at $969/oz cash cost; Detour Lake and Kirkland Lake consolidation drive growth.

• Nunavut: 2026 gold production guidance of 875koz at $982/oz cash cost; Hope Bay and Meadowbank offer significant mine life extension potential.

• Mexico: Advancing San Nicolás Cu-Zn-Ag-Au project (50% JV), with project update expected in 2027.