Agnico Eagle Mines (AEM) Corporate presentation summary

Strategic positioning and operational excellence

• Maintains status as a high-quality, low-risk senior gold producer with operations in premier jurisdictions across Canada, Finland, Mexico, and Australia.

• Demonstrates a strong track record of operational excellence, with gold production rising from 240 koz in 2005 to 3,447 koz in 2025 and significant share price outperformance versus gold equity indices and the S&P 500.

• Focuses on disciplined capital allocation, targeting to return 40% of annual free cash flow to shareholders through dividends and share buybacks, with $375M returned in Q1 2026.

• Strengthened financial position with net cash of ~$2.9B at Q1 2026 and a Fitch rating upgrade to A-.

Financial and operational performance

• Achieved record financial results in Q1 2026, with adjusted EBITDA of $3.0B and adjusted net income of $1.7B.

• Q1 2026 gold production was 825 koz at total cash costs of $1,093/oz and AISC of $1,483/oz.

• Maintains annual gold production guidance of 3.3–3.5 Moz through 2028, with cost guidance reflecting inflation and higher royalties.

• Capital expenditures for 2026 guided at $2.18–$2.39B, with additional capex expected for Hope Bay if construction is approved.

Growth projects and exploration pipeline

• Advancing five key value driver projects: Detour Lake, Canadian Malartic, Upper Beaver, Hope Bay, and San Nicolás.

• Detour Lake and Canadian Malartic each have pathways to become 1 Moz annual producers through underground development and mill optimization.

• Hope Bay study projects robust economics with 4.5 Moz total gold production, $2.7B NPV, and 19% IRR; initial production expected in 2030.

• Consolidation of Finland’s Central Lapland Greenstone Belt enhances exploration potential and regional platform.