Agnico Eagle Mines Limited · TSX:AEM
Agnico Eagle Mines — BMO Global Metals, Mining & Critical Minerals Conference 2023
24 slides from Agnico Eagle Mines's conference presentation, Feb 27, 2023
Slide 1: BMO Global Metals, Mining & Critical Minerals Conference
BMO Global Metals, Mining & Critical Minerals Conference February 27, 2023
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS The information in this presentation has been prepared as at February 23, 2023. 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-l
Slide 3: Agnico Eagle: A High-Quality, Low-Risk Senior Gold Producer
Agnico Eagle: A High-Quality, Low-Risk Senior Gold Producer Third Largest Market Capitalization3 Strong Mineral Reserve Gold Producer1 Base2 Simple, Consistent Approach $20.7B 3.24 – 3.44 Moz (2023E) 456M shares P&P: 49 Moz $840 - $890 /oz (2023E) Low Risk Regional Focus Proven geological potent
Slide 4: 2022 – Solid Operational Performance; Important Strategic Consolidations
2022 – Solid Operational Performance; Important Strategic Consolidations Solid operating performance in a challenging cost and workforce environment in Q4 and 2022 Capital and gold production in line with 2022 guidance with costs slightly above the top end of the guidance range Continued advan
Slide 5: Abitibi Gold Belt – A Region with Low Political Risk and High Geological Potential
Abitibi Gold Belt – A Region with Low Political Risk and High Geological Potential 5 Operating Gold Mines 1.9Moz – 2.1Moz through 2025 ~$800/oz cash costs 2023E High Quality Project and Exploration Pipeline Large, highly prospective land package 3 Advanced Stage Projects (AK, Wassamac, U
Slide 6: 2023 Focus – Optimize the Abitibi Gold Belt Platform
2023 Focus – Optimize the Abitibi Gold Belt Platform Asset Project Indicative Potential Timeline Detour mill optimization 1. Detour Lake + 200-300 koz/year Study late 2023 Underground project Odyssey Project Construction 2. Canadian East Gouldie Expansion Updated PEA 2023 + 200-300 koz
Slide 7: Detour Lake – Optimization Targeting 1 Million Ounces of Gold Per Year
1. Detour Lake – Optimization Targeting 1 Million Ounces of Gold Per Year Mill Optimization Initiatives to get to 28Mtpa by 2025 Completed planned projects to increase mill throughput up to 27.5Mtpa Shifting focus to improve maintenance practices adapted for higher milling rate to get to 28Mtp
Slide 8: Detour Lake – Continued Success to Infill and Expand Mineralization
1. Detour Lake – Continued Success to Infill and Expand Mineralization Potential to increase in-pit mineral reserves and mineral resources Infill drilling results below and proximal to the West Pit Zone continue to define wide zones of gold mineralization containing high grade gold inclusions
Slide 9: Canadian Malartic Complex Optimization
2. Canadian Malartic Complex Optimization Odyssey project continued to advance on schedule Production from the Odyssey South orebody is expected to begin in March 2023 Shaft sinking activities to commence in March 2023 Continued exploration success Conversion drilling at Odyssey south resu
Slide 10: Canadian Malartic – Exploration Continues to Show Expansion Potential
2. Canadian Malartic – Exploration Continues to Show Expansion Potential Infill drilling into the East Gouldie deposit continued to return large high-grade intercepts, such as hole MEX22-248 intersecting 7.6g/t gold over 43.0m at 1,053m depth Hole MEX22-251R drilled into lower portion of East Go
Slide 11: Canadian Malartic Complex – Near-Mine Opportunities to Fill the Mill
2. Canadian Malartic Complex – Near-Mine Opportunities to Fill the Mill Exploration program to target past producing mines (Camflo and LTA) Other opportunities on the Canadian Malartic property include: Odyssey South Internal zones and the Jupiter Zone The East Gouldie Corridor from surface
Slide 12: Pipeline Projects Have Potential to Utilize Existing Infrastructure
3. Pipeline Projects Have Potential to Utilize Existing Infrastructure Excess mill capacity in the Abitibi region: Potential future regional sources of ore include: LZ5 mill circuit at the LaRonde Macassa Near Surface deposits and AK Zone (500-700tpd) Complex (~2,000tpd) Upper Beaver and o
Slide 13: Opportunity to Generate Significant Value per Share Over the Next Decade
Opportunity to Generate Significant Value per Share Over the Next Decade Optimize the Abitibi Gold Belt Platform Potential Opportunities to Add up to 1 Moz per year by 2030 with: 1. Detour Lake Targeting 1 Million Ounces of Gold Per Year • Reduced Capital Requirements 2. Canadian Malartic Complex •
Slide 14: Agnico Eagle's Vision
Agnico Eagle’s Vision Agnico Eagle has a simple, consistent, disciplined and proven approach to value creation Robust production profile from assets in premier jurisdictions Strong margins and cashflows Proven leadership with a track record of building per share value Maintain a strong fin
Slide 15: Mineral Reserves and Mineral Resources
Mineral Reserves and Mineral Resources
Slide 16: 2022 Gold Mineral Reserves and Mineral Resources
2022 GOLD MINERAL RESERVES AND MINERAL RESOURCES Gold Mineral Reserves Increase 9% to Record Levels; Measured and Indicated Resources Increase 12% Despite Successful Conversion of 6.0 Moz to Mineral Reserves AGNICO EAGLE As of December 31, 2021* As of December 31, 2022 Category Tonnes Grade Containe
Slide 17: Gold Mineral Reserves as at December 31, 2022
GOLD MINERAL RESERVES AS AT DECEMBER 31, 2022 MINERAL RESERVES AS OF DECEMBER 31, 2022 OPERATION / PROJECT PROVEN PROBABLE PROVEN & PROBABLE 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 LaRonde¹ UG 100% 2,809 5.23 473 9,497 6.69 2,042 12,306
Slide 18: Silver, Copper and Zinc Mineral Reserves as at December 31, 2022
SILVER, COPPER AND ZINC MINERAL RESERVES AS AT DECEMBER 31, 2022 MINERAL RESERVES AS OF DECEMBER 31, 2022 OPERATION / PROJECT PROVEN PROBABLE PROVEN & PROBABLE SILVER 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 LaRonde UG 100% 2,809 16.45 1,485
Slide 19: Mineral Resources as at December 31, 2022
MINERAL RESOURCES AS AT DECEMBER 31, 2022 MINERAL RESOURCES AS OF DECEMBER 31, 2022 OPERATION / PROJECT MEASURED INDICATED MEASURED & INDICATED INFERRED AEM 000 000 000 000 000 000 000 GOLD Mining Method Share Tonnes g/t 000 Oz Au Tonnes g/t Oz Au Tonnes g/t Oz Au Tonnes g/t Oz Au LaRonde UG 100% —
Slide 20: Mineral Resources as at December 31, 2022
MINERAL RESOURCES AS AT DECEMBER 31, 2022 MINERAL RESOURCES AS OF DECEMBER 31, 2022 OPERATION / PROJECT MEASURED INDICATED MEASURED & INDICATED INFERRED 000 000 000 000 000 GOLD Mining Method AEM Share 000 Tonnes g/t 000 Oz Au 000 Tonnes g/t Oz Au Tonnes g/t Oz Au Tonnes g/t Oz Au Pinos Altos OP 100
Slide 21: Notes to Investor Regarding the Use of Mineral Resources
NOTES TO INVESTOR 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") NI 43-101. For United States reporting purposes, the SEC has adopted am
Slide 22: Notes to Investor Regarding the Use of Mineral Resources (Continued)
NOTES TO INVESTOR 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" a
Slide 23: 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 that are not standardized measures under IFRS. These measures may not be comparable to similar measures reported by other
Slide 24: agnicoeagle.com
Trading Symbol: AEM on TSX & NYSE Investor Relations: 416-947-1212 info@agnicoeagle.com agnicoeagle.com
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