Agnico Eagle Mines (AEM) Corporate presentation summary

Strategic positioning and operational excellence

• Operates in premier mining jurisdictions across Canada, Finland, Australia, and Mexico, with a focus on low-risk, high-quality gold production and strong regional expertise.

• Achieved significant growth over 20 years, expanding from 1 to 10 operating mines and increasing gold production nearly 14-fold to 3.4 million ounces in 2025.

• Maintains a disciplined approach to capital allocation, targeting 40% of annual free cash flow returned to shareholders and sustaining a strong balance sheet with net cash of ~$3.3B.

• Record free cash flow of $1.3B in Q2 2026, with $625M returned to shareholders through dividends and buybacks.

• Fitch upgraded long-term issuer default rating to A- in April 2026, reflecting financial strength.

Growth projects and production outlook

• Advancing five key value driver projects, including Detour Lake, Canadian Malartic, Upper Beaver, Hope Bay, and San Nicolás, targeting 20–30% production growth over the next decade.

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

• Hope Bay project approved, with initial production expected in 2030 and steady-state output of 435koz/year from 2032–2038.

• San Nicolás (50% JV) advancing feasibility and permitting, with project update expected in 2027.

• Consolidation of Finland’s Central Lapland Greenstone Belt completed, unlocking significant exploration and resource expansion potential.

Financial and operational performance

• Q2 2026 gold production was 856koz at total cash costs of $1,054/oz and AISC of $1,459/oz; H1 2026 production reached 1,681koz.

• Realized gold price in Q2 2026 was $4,483/oz, supporting record net income of $1.6B and adjusted EBITDA of $2.7B.

• Strong operational performance led by Detour Lake, Kittila, and Fosterville, with record mill throughput at several sites.

• Local procurement and community investment exceeded $1B in key regions, with high local employment and low turnover rates.