Agnico Eagle Mines Limited · TSX:AEM
Agnico Eagle Mines — Shareholder Meeting (April 2025)
15 slides from Agnico Eagle Mines's shareholder meeting presentation, Apr 25, 2025
Slide 1: Annual and Special Meeting of Shareholders
Annual and Special Meeting of Shareholders April 25, 2025
Slide 2: Notes to Investors: Forward-Looking Statements
Notes to Investors Forward-Looking Statements The information in this presentation has been prepared as at April 24, 2025. Certain statements contained in this presentation constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 199
Slide 3: The Arctic Edge: Stories from Canada's Frontier
The Arctic Edge: Stories from Canada’s Frontier Episodes 1 & 2 Available May 1, 2025 Hosted by Award-Winning journalist and Subscribe now at broadcaster, Hannah Thibedeau thearcticedge.ca Explores the North’s social, economic and environmental opportunities and its strategic importance for Canad
Slide 4: Gold – A Safe Haven in Periods of Uncertainty
Gold – A Safe Haven in Periods of Uncertainty History of Gold Price Cycles $5,120 3rd Gold Cycle 1st Gold Cycle $2,560 • Uncertainty around tariff and Within the cycle, gold price trade dispute impacts increased by more than 550% in from 1976 to 1980 • Aggressive accumulation of gold Gold Price - US
Slide 5: Superior Share Performance Since Merger
Superior Share Performance Since Merger Agnico Eagle Has Outperformed the S&P500, Gold and Gold Equities AEM US Equity CAGR 200% 31.5% Gold Spot CAGR 20.2% 100% XAU Index CAGR 11.4% S&P 500 Index CAGR 5.5% 50% 2022 2023 2024 2025 Source: Bloomberg, CapIQ – February 8, 2022 (closing date of the merge
Slide 6: Agnico Eagle: A High-Quality, Low-Risk Senior Gold Producer
Agnico Eagle: A High-Quality, Low-Risk Senior Gold Producer Third Largest Gold Producer Increasing Shareholder Value Proven Geological Potential in Premier Jurisdictions 2005 2024 1 Operating Mines 11 1 Operating Countries 4 240 Gold Production (koz) 3,485 ~14x Gold Production 2.7 7.0 ~3x (oz per 1,
Slide 7: Track Record of Operational Excellence Demonstrates Strength of Business
Track Record of Operational Excellence Demonstrates Strength of Business 2024 Highlights Per Share Results Net Debt1 Position ($M) Delivered record results $2.50 $1,316 • Gold production $2.00 $1.53 $1.50 $1.14 $1.26 • Adjusted net income $1.07 $920 $1.00 $0.76 • Cash flow $0.50 $490 • Share price
Slide 8: FY2025 and Beyond – Strongest Position in Our History
FY2025 and Beyond – Strongest Position in Our History Updated Three Year Guidance 1) Stable Production Outlook at Peer Leading Costs 2025 Guidance1 Range Midpoint Expected total cash costs and AISC up 4% and 3%, Production Guidance (Moz) 3.3 – 3.5 3.4 respectively, vs. 20241 Total Cash Costs2 ($/o
Slide 9: Detour Lake – Pathway to One Million Ounce Annual Producer
Detour Lake – Pathway to One Million Ounce Annual Producer World-class asset – Largest producing mine in Canada; open pit mine life until 2053 and potential underground mine Outlined pathway to 1Moz annual production beginning in 2030; mill optimization to 29mtpa ongoing Development of 2km exp
Slide 10: Canadian Malartic – Vision to One Million Ounce Annual Producer
Canadian Malartic – Vision to One Million Ounce Annual Producer Development of Odyssey progressing on schedule Vision to 1Moz annual gold production • 2nd shaft – Internal technical evaluation ongoing • Marban – Acquisition of O3 Mining completed in Q1 2025; potential to become satellite open pi
Slide 11: Hope Bay – Advancing the Potential for a Larger Production Scenario
Hope Bay – Advancing the Potential for a Larger Production Scenario Advancing the potential for ~400koz production scenario Initial indicated mineral resource estimate at Patch 7 Upgrading existing infrastructure and advancing site preparedness for a potential redevelopment Annual and Special
Slide 12: Upper Beaver – Opportunity to Grow Lower-risk, Profitable Production
Upper Beaver – Opportunity to Grow Lower-risk, Profitable Production Kirkland Lake camp Galloway at Upper Beaver project Results of internal evaluation announced in July 2024 for a standalone mine and mill scenario Potential average annual production of ~210koz beginning in 2031 Advancing work
Slide 13: San Nicolas – World Class VMS Deposit
San Nicolas – World Class VMS Deposit Mexican operations San Nicolas Project 50/50 joint venture with Teck Resources Limited Feasibility study and execution strategy development ongoing – study completion expected in H2 2025 Project approval is expected to follow, subject to receipt of permits
Slide 14: 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 High-quality project pipeline in Emphasis on per share value Multi-mine, multi-decade High sustainability standards core operati
Slide 15: agnicoeagle.com
Trading Symbol: AEM on TSX & NYSE Investor Relations: 416-947-1212 info@agnicoeagle.com agnicoeagle.com
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