Agnico Eagle Mines Limited · TSX:AEM
Agnico Eagle Mines — Shareholder Meeting (April 2024)
22 slides from Agnico Eagle Mines's shareholder meeting presentation, Apr 26, 2024
Slide 1: Unlocking Regional Potential
Annual and Special Meeting of Shareholders April 26, 2024 Unlocking Regional Potential
Slide 2: Forward-Looking Statements
Forward-Looking Statements The information in this presentation has been prepared as at April 25, 2024. Certain statements contained in this presentation constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-look
Slide 3: Notes to Investors
Notes to Investors Note Regarding Certain Measures of Performance This presentation discloses certain financial performance measures and ratios, including "total cash costs per ounce", "all-in sustaining costs per ounce", "adjusted net income", "adjusted net income per share", "cash provided by oper
Slide 4: History of Gold Price Cycles
History of Gold Price Cycles 3rd Gold Cycle? $5,120 Declining gold production $2,560 2nd Gold Cycle Aggressive accumulation of gold by $1,280 Central Banks April 23, 1st Gold Cycle 2024 $2,322 Unsustainable fiscal deficits alongside $640 historical government debt levels Rising deglobalizati
Slide 5: Gold Equities Trading at Historical Lows
Gold Equities Trading at Historical Lows 30% From 2000 to $2,400 December, 2007 Period of Capital and 25% premium to bullion Operating Issues $2,200 was 40%-240% 20% $2,000 Premium/Discount to Gold Price (%) 15% $1,800 10% $1,600 Gold Price (US$/oz) 5% $1,400 $1,200 0% $1,000 -5% $800 -10% $600 -15%
Slide 6: Agnico Eagle: A High-Quality, Low-Risk Senior Gold Producer
Agnico Eagle: A High-Quality, Low-Risk Senior Gold Producer Simple, Consistent Strategy Proven geological potential in premier jurisdictions Third Largest Global Gold Producer1 3.35 – 3.55 Moz (2024E) $875 – $925 /oz2 (2024E) Strong Mineral Reserve Base3 P&P: 54 Moz M&I: 44 Moz Inferred: 33 Moz Note
Slide 7: Track Record of Value Creation
Track Record of Value Creation Building a Portfolio of High-Quality Assets in Premier Mining Jurisdictions that Offer Superior Geological Potential Systematically built a low risk, manageable business Focused on growing profitable gold production and building per share value With a long histor
Slide 8: 2023 Record Performance and Well Positioned to Create Long-Term Value
2023 Record Performance and Well Positioned to Create Long-Term Value Barnat open pit at the Canadian Malartic complex Amaruq open pit mine Detour Lake operations Kittila shaft 2023 2024E Record annual safety performance, annual gold production Actuals Guidance and free cash flow driven by solid o
Slide 9: Abitibi Gold Belt – Continued Focus in 2024
Abitibi Gold Belt – Continued Focus in 2024 1 Detour Lake mine 1 Mill optimization and potential underground mining scenarios under evaluation Canadian Malartic complex 2 Focus on expanding and building the Odyssey underground mine Assessing opportunities to enhance production profile 3 Op
Slide 10: Nunavut – Focus for 2024
Nunavut – Focus for 2024 1 Meliadine Phase 2 expansion progressing as planned Mill throughput expected to increase to 6,000 tpd in late 3 2024 and to 6,250 tpd in 2026 2 Meadowbank Extension of the Amaruq mine 2 life to 2028 (previously 2026) 3 Hope Bay Potential to expand gold mineraliza
Slide 11: Global Approach, Regional Focus
Global Approach, Regional Focus 2023 Sustainability Report Highlights: • Record safety performance – 34% improvement year-over-year • Addressing climate change and working towards net-zero by 2050 – Decarbonization approach defined focusing on energy efficiency, technology transition and increased r
Slide 12: Strengthening Partnerships with Indigenous Nations
Strengthening Partnerships with Indigenous Nations Formalizing Relationships with Indigenous Nations • Signed a collaboration agreement with Abitibiwinni First Nation for the LaRonde mine. This agreement aims to support the sustainable development of the Abitibiwinni First Nation and enhance their i
Slide 13: High-Quality Business Positioned to Generate Strong Returns
High-Quality Business Positioned to Generate Strong Returns Low-Risk Mining Highest Quality Senior Uniquely Positioned Strong Financial Returns Jurisdictions Gold Producer Robust land package in core Emphasis on per share metrics Multi-mine, multi-decade High ESG standards with multi- mining jurisdi
Slide 14: Mineral Reserves and Mineral Resources
Mineral Reserves and Mineral Resources
Slide 15: 2023 Gold Mineral Reserves and Mineral Resources
2023 Gold Mineral Reserves and Mineral Resources Gold Mineral Reserves Increased 10.5% to Record Levels AGNICO EAGLE As of December 31, 2022 As of December 31, 2023 Category Tonnes Grade Contained Gold Tonnes Grade Contained Gold (000s) (g/t Au) (000s oz) (000s) (g/t Au) (000s oz) Mineral Reserves P
Slide 16: 2023 Gold Mineral Reserves and Mineral Resources
2023 Gold Mineral Reserves and Mineral Resources MINERAL RESERVES AS OF DECEMBER 31, 2023 OPERATION / PROJECT PROVEN PROBABLE PROVEN & PROBABLE Metallurgical GOLD Mining Method* AEM Share 000 Tonnes g/t 000 Oz Au 000 Tonnes g/t 000 Oz Au 000 Tonnes g/t 000 Oz Au Recovery (%) LaRonde mine1 U/G 100% 2
Slide 17: 2023 Gold Mineral Reserves and Mineral Resources
2023 Gold Mineral Reserves and Mineral Resources MINERAL RESERVES AS OF DECEMBER 31, 2023 OPERATION / PROJECT PROVEN PROBABLE PROVEN & PROBABLE SILVER Mining Method* AEM Share 000 Tonnes g/t 000 Oz Ag 000 Tonnes g/t 000 Oz Ag 000 Tonnes g/t 000 Oz Ag Metallurgical Recovery (%) LaRonde U/G 100% 2,342
Slide 18: 2023 Gold Mineral Reserves and Mineral Resources
2023 Gold Mineral Reserves and Mineral Resources MINERAL RESOURCES AS OF DECEMBER 31, 2023 OPERATION / PROJECT MEASURED INDICATED MEASURED & INDICATED INFERRED GOLD Mining Method* AEM 000 g/t 000 Oz Au 000 g/t 000 000 g/t 000 000 g/t 000 Share Tonnes Tonnes Oz Au Tonnes Oz Au Tonnes Oz Au LaRonde U/
Slide 19: 2023 Gold Mineral Reserves and Mineral Resources
2023 Gold Mineral Reserves and Mineral Resources MINERAL RESOURCES AS OF DECEMBER 31, 2023 OPERATION / PROJECT MEASURED INDICATED MEASURED & INDICATED INFERRED GOLD Mining Method* AEM Share 000 Tonnes g/t 000 Oz Au 000 Tonnes g/t 000 Oz Au 000 Tonnes g/t 000 Oz Au 000 Tonnes g/t 000 Oz Au Pinos Alto
Slide 20: Notes to Investors Regarding the Use of Mineral Resources
Notes to Investors Regarding the Use of Mineral Resources The mineral reserve and mineral resource estimates contained in this presentation have been prepared in accordance with the Canadian securities administrators' (the "CSA") National Instrument 43-101 – Standards of Disclosure for Mineral Proje
Slide 21: Notes to Investors Regarding the Use of Mineral Resources (continued)
Notes to Investors Regarding the Use of Mineral Resources (continued) NI 43-101 requires mining companies to disclose mineral reserves and mineral resources using the subcategories of "proven mineral reserves", "probable mineral reserves", "measured mineral resources", "indicated mineral resources"
Slide 22: agnicoeagle.com
Trading Symbol: AEM on TSX & NYSE Investor Relations: 416-947-1212 info@agnicoeagle.com agnicoeagle.com
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