Agnico Eagle Mines Limited · TSX:AEM
Agnico Eagle Mines — Q2 2026 Earnings Presentation
26 slides from Agnico Eagle Mines's earnings presentation, Jul 30, 2026
Slide 1: Second Quarter 2026 Results
NYSE & TSX: AEM Second Quarter 2026 Results July 30, 2026
Slide 2: Notes to Investors - Forward-Looking Statements
Notes to Investors Forward-Looking Statements The information in this presentation has been prepared as at July 29, 2026. Certain statements contained in this presentation constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995
Slide 3: Q2 2026 Highlights – High-Quality, Consistent, Resilient Business
Q2 2026 Highlights – High-Quality, Consistent, Resilient Business 1 2 3 Production Tracking Solid Production and Record Free Cash Building the Towards Low-End Cost Control Drive Strong Flow Supports Strong Foundations of Our of 2026 Guidance Range Financial Results Shareholder Returns Future Growth
Slide 4: Financial Highlights – Record Free Cash Flow Reflects Continued Focus On Cost Discipline
Financial Highlights – Record Free Cash Flow Reflects Continued Focus On Cost Discipline Q2 Q2 Q2 YTD Q2 YTD Gold Production and Total Cash Costs 2026 2025 2026 2025 1,200 Realized Gold Price1 ($/oz) $4,483 $3,288 $4,672 $3,090 1,000 Gold Production2 (koz) 856 866 1,681 1,740 800 Production Costs ($
Slide 5: Disciplined Approach to Capital Allocation
Disciplined Approach to Capital Allocation Shareholder Returns H1 2026 Operating Cash Flow Allocation* * Chart segments are indicative only Targeting to return 40% of annual free cash flow to shareholders Dividend Sustaining Capital • Dividends paid since 1983 Dividend and • Quarterly dividend of $0
Slide 6: Operational Highlights – Quebec, Nunavut, Finland
Operational Highlights – Quebec, Nunavut, Finland Q2 2026 Results Strong production led by Kittila, partially offset by lower mill throughput and grades at Meadowbank and lower throughput at Canadian Malartic Production at Meliadine, Goldex and LaRonde in line with plan Record quarterly mill through
Slide 7: Pipeline Projects – Building Foundations for Decades of Production
Pipeline Projects – Building Foundations for Decades of Production Canadian Malartic Hope Bay Pathway to 1Moz Annual Producer The Next Multi-Decade Producer in Nunavut Advancing development and infrastructure at East Gouldie Anticipated annual production of 400 – 435 koz1 • Extraction of first 2 sto
Slide 8: Positioning Finland Platform for Future Growth
Positioning Finland Platform for Future Growth Building a 500koz/yr Platform Ability to leverage over 20 years of operating experience and relationships in the region Kittila – Long-life asset with significant upside • Ongoing operational excellence initiatives • Deposit remains open at depth and al
Slide 9: Operational Highlights – Ontario, Australia, Mexico
Operational Highlights – Ontario, Australia, Mexico Q2 2026 Results Strong production led by Detour Lake and Fosterville Record quarterly tonnes extracted from open pit at Detour Lake, combined with record tonnes of ore milled per day of 80,275 Record mill throughput achieved at Macassa for second c
Slide 10: Pipeline Projects – Advancing Next Phase of Growth
Pipeline Projects – Advancing Next Phase of Growth Detour Lake Upper Beaver San Nicolás Pathway to 1Moz Annual Annual Producer with 200koz+ 50% Joint Venture with Producer in Kirkland Lake Camp Teck Resources Advancing exploration ramp and Development of exploration ramp Cu-Zn-Ag-Au deposit located
Slide 11: Odyssey – Growing a World-Class Asset
Odyssey – Growing a World-Class Asset East Gouldie deposit – Drilling continues to yield positive results Highlight Intercepts in the upper eastern and deeper areas of the East Gouldie deposit East Gouldie – 5.1 g/t gold over 14.3m at 916m depth Odyssey North – Conversion drilling encountered signif
Slide 12: Detour Lake – Canada’s Largest Gold Mine with Room to Grow
Detour Lake – Canada’s Largest Gold Mine with Room to Grow West Pit zone – Continued high-intensity drilling program from surface to test the Highlight Intercepts proposed underground bulk sample area near the planned exploration ramp, to West Pit zone – 2.5 g/t gold over 62.3m at 275m depth validat
Slide 13: Hope Bay – Continued Exploration Success at Madrid; Drilling Starts at Boston
Hope Bay – Continued Exploration Success at Madrid; Drilling Starts at Boston Patch 7 – Drilling continued to convert and expand several mineralized areas Highlight Intercepts open laterally and at depth beyond current mineral resources Patch 7 – 18.5 g/t gold over 11.3m at 328m depth Suluk – Positi
Slide 14: High-Quality Business Generating Strong Returns
High-Quality Business Generating Strong Returns Low-Risk Highest Quality Strategic Strong Mining Jurisdictions Senior Gold Producer Regional Focus Financial Returns Multi-mine, multi-decade High sustainability High-quality project Emphasis on per share geologic potential standards with multi- pipeli
Slide 15: Appendix
ee Appendix
Slide 16: Hope Bay – Gold Mineral Reserves and Mineral Resources (May 19, 2026)
Hope Bay – Gold Mineral Reserves and Mineral Resources (May 19, 2026)* Mineral Reserves as at May 19, 2026 Operation Proven & Probable Gold Mining 000 g/t 000 Metallurgical Method** Tonnes Oz Au Recovery (%) Hope Bay U/G — — — — Mineral Resources as at May 19, 2026 Operation Measured Indicated Measu
Slide 17: 2025 Gold Mineral Reserves and Mineral Resources
2025 Gold Mineral Reserves and Mineral Resources* As at December 31, 2025 As at December 31, 2024 Category Tonnes Grade Contained Gold Tonnes Grade Contained Gold (000s) (g/t Au) (000s oz) (000s) (g/t Au) (000s oz) Mineral Reserves Proven 212,796 0.98 6,731 215,249 0.93 6,433 Probable 1,116,755 1.36
Slide 18: 2025 Mineral Reserves and Mineral Resources
2025 Mineral Reserves and Mineral Resources Mineral Reserves as at December 31, 2025 Operation / Project Proven Probable Proven & Probable Mining 000 000 000 000 000 000 Metallurgical Gold g/t g/t g/t Method* Tonnes Oz Au Tonnes Oz Au Tonnes Oz Au Recovery (%) LaRonde mine1 U/G 2,469 4.65 369 8,158
Slide 19: 2025 Mineral Reserves and Mineral Resources (continued)
2025 Mineral Reserves and Mineral Resources (continued) Mineral Reserves as at December 31, 2025 Operation / Project Proven Probable Proven & Probable Mining Metallurgical Silver 000 Tonnes g/t 000 Oz Ag 000 Tonnes g/t 000 Oz Ag 000 Tonnes g/t 000 Oz Ag Method* Recovery (%) LaRonde mine U/G 2,469 10
Slide 20: 2025 Mineral Reserves and Mineral Resources (continued)
2025 Mineral Reserves and Mineral Resources (continued) Mineral Resources as at December 31, 2025 Operation / Project Measured Indicated Measured & Indicated Inferred Mining Gold Method 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 LaRonde mine U
Slide 21: 2025 Mineral Reserves and Mineral Resources (continued)
2025 Mineral Reserves and Mineral Resources (continued) Mineral Resources as at December 31, 2025 Operation / Project Measured Indicated Measured & Indicated Inferred Mining Gold 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 Method Amaruq O/P — —
Slide 22: 2025 Mineral Reserves and Mineral Resources (continued)
2025 Mineral Reserves and Mineral Resources (continued) Mineral Resources as at December 31, 2025 Operation / Project Measured Indicated Measured & Indicated Inferred Silver Mining Method 000 Tonnes g/t 000 Oz Ag 000 Tonnes g/t 000 Oz Ag 000 Tonnes g/t 000 Oz Ag 000 Tonnes g/t 000 Oz Ag LaRonde mine
Slide 23: Notes to Investors Regarding the Use of Mineral Resources
Notes to Investors 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 Disclosur
Slide 24: Notes to Investors Regarding the Use of Mineral Resources
Notes to Investors Notes to Investors Regarding the Use of Mineral Resources 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 reso
Slide 25: Forward-Looking Non-GAAP Measures
Notes to Investors Forward-Looking Non-GAAP Measures This presentation contains information regarding estimated future total cash costs per ounce, minesite costs per tonne and AISC per ounce. The estimates are based upon the total cash costs per ounce, minesite costs per tonne and AISC per ounce tha
Slide 26: Investor Relations
NYSE & TSX: AEM Investor Relations 416-947-1212 investor.relations@agnicoeagle.com agnicoeagle.com