Slide 1: Third Quarter 2023 Results
Third Quarter 2023 Results October 26, 2023
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS 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-looking information" under the provisions of Canadian provincial securities laws
Slide 3: Notes to Investors
NOTES TO INVESTORS Note Regarding the Use of Non-GAAP Financial Measures This presentation discloses certain financial performance measures, including "total cash costs per ounce", "all-in sustaining costs per ounce“, "net debt", "adjusted net income", "adjusted net income per share”, “cash provided
Slide 4: Notes to Investors
NOTES TO INVESTORS Note Regarding the Use of Non-GAAP Financial Measures Net debt is calculated by adjusting the total of the current portion of long-term debt and non-current long-term debt as recorded on the consolidated balance sheet for deferred financing costs and cash and cash equivalents. Man
Slide 5: Third Quarter 2023 Highlights
Third Quarter 2023 Highlights Gold production and cost performance remained solid Solid quarterly financial results Payable gold production of 850 koz Net income of $0.36 per share Production costs of $893/oz, total cash costs1 of $898/oz, Adjusted net income1 of $0.44 per share AISC1 of $1,
Slide 6: Key Projects Update
Key Projects Update Odyssey Mine at the Canadian Malartic complex Production ramped up to 3.3ktpd in September, approaching the planned 2024 mining rate of 3.5ktpd Ramp development ahead of schedule. Developing first maintenance shop at level 54 (the first shaft station access). Shaft sinking
Slide 7: Optimization of Assets and Infrastructure in the Abitibi Region
Optimization of Assets and Infrastructure in the Abitibi Region Amalgamated Kirkland ("AK") deposit – LZ5 processing facility at LaRonde complex could process ore from AK in 2024 Upper Beaver and Wasamac projects – Preliminary analysis to transport ore via rail or truck to the LaRonde and/or Can
Slide 8: Financial Highlights
Financial Highlights Solid operating performance drives financial results Q3 Q3 YTD YTD 2023 2022 Q3 2023 Q3 2022 Realized Gold Price ($/oz) $1,928 $1,726 $1,933 $1,821 Gold Production (000 oz) 850.4 816.8 2,536.4 2,335.6 Gold Sales (000 oz) 843.1 830.2 2,489.5 2,359.7 Total Cash Costs (US$/oz) $898
Slide 9: Balance Sheet Strength and Financial Flexibility
Balance Sheet Strength and Financial Flexibility Investment Grade Balance Sheet Remains Strong Strong Available Liquidity - $1.46B* Strong liquidity with $355M in cash and cash equivalents and $1.1B (excluding $600M accordion) in undrawn credit lines available, as at $355 September 30, 2023 Debt
Slide 10: Operating Highlights – Quebec
Operating Highlights – Quebec LaRonde complex – LaRonde complex celebrates 35th anniversary; quarterly gold production affected by planned mill shutdown and maintenance of ore handling system; mining at the 11-3 Zone commences Canadian Malartic complex – Strong quarterly gold production driven b
Slide 11: Odyssey Mine – Development Progressing as Planned
Odyssey Mine – Development Progressing as Planned Ramping-up production from Odyssey South Odyssey Mine, Development Progress in 2023 Pastefill plant commissioned in July 2023 Production reached 3.3 ktpd in September, approaching the planned mining rate of 3.5 ktpd for 2024 Portal With a pos
Slide 12: Operating Highlights – Ontario
Operating Highlights – Ontario Detour Lake – Lower mill production due to temporary transformer issue; continued focus on mill optimization to achieve 28.0 mtpa by 2025 Macassa – Sustained productivity gains result in robust operational performance and lowest minesite costs per tonne since 2022;
Slide 13: Detour Lake – A Growing World Class Mine
Detour Lake – A Growing World Class Mine Realized mill tonnage annual growth of 5 - 6% since 2019 Growing throughput to 28Mtpa by 2025 2024+ Continue to improve maintenance practices for higher milling rate Optimize secondary crusher re-feed system, the ball mill discharge, the SAG discharge
Slide 14: Operating Highlights – Nunavut
Operating Highlights – Nunavut Meliadine – Strong mill performance continued; phase 2 expansion project on schedule; exploration at depth continues to yield positive results Meadowbank complex – Robust overall operational performance; record haulage of underground ore tonnes; work ongoing to pot
Slide 15: Operating Highlights – Europe, Australia & Mexico
Operating Highlights – Europe, Australia & Mexico Kittila - Record monthly mill throughout set in July 2023; production shaft commissioned in September 2023 Fosterville – Solid mine development performance; gold production affected by prioritization of development headings for primary ventilatio
Slide 16: Kittila – Shallow Drill Intersection in Parallel Mineralized Structure
Kittila – Shallow Drill Intersection in Parallel Mineralized Structure Shallow intersection in an underexplored, parallel mineralized structure named the East Zone located approximately 140m east of the Main Zone and outside current mineral resources. Highlight hole intersected 9.9m grading 11.8 g
Slide 17: Fosterville – Drilling Focused on the Lower Phoenix Deep Extension
Fosterville – Drilling Focused on the Lower Phoenix Deep Extension In the Lower Phoenix, a key target is the Cardinal fault, which is a hanging wall splay from the Swan structure. Highlight hole intersected 10.8 g/t gold over 10.0m in the Cardinal splay at 1,828m depth, including 96.4 g/t gold ove
Slide 18: Hope Bay – Positive Results from Step-out Drilling at Madrid
Hope Bay – Positive Results from Step-out Drilling at Madrid Madrid – Remained focused on drilling wide step-out holes spaced 200m apart into the underexplored 2-km gap between the Suluk and Patch 7 deposits at depths between 400m and 700m. Highlight intercept of 15.9 g/t gold over 4.6m at 609m de
Slide 19: Superior Leverage to the Gold Price on a Risk-Adjusted Basis
Superior Leverage to the Gold Price on a Risk-Adjusted Basis 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 jurisd
Slide 20: agnicoeagle.com
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