Slide 1: Third Quarter 2025 Results
NYSE & TSX: AEM Third Quarter 2025 Results October 30, 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 October 29, 2025. Certain statements contained in this presentation constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1
Slide 3: Q3 2025 Highlights – High-Quality, Consistent, Resilient Business
Q3 2025 Highlights – High-Quality, Consistent, Resilient Business 1 2 3 Record Financial Strengthening On Track to Achieve 2025 Building the Gold Production Results Driven by Financial Position Foundations of Our Strong Operational and Increasing Future Growth Q3 2025 YTD Performance Shareholder Ret
Slide 4: Financial Highlights – Delivering Upside Leverage to Higher Gold Prices
Financial Highlights – Delivering Upside Leverage to Higher Gold Prices Q3 2025 Q3 2024 Gold Production and Total Cash Costs3 Q3 2025 Q3 2024 YTD YTD 1,000 Realized Gold Price1 ($/oz) $3,476 $2,492 $3,221 $2,297 750 Gold Production2 (koz) 867 863 2,607 2,638 500 Production Costs ($/oz) $963 $908 $91
Slide 5: Continued Strengthening of Financial Position
Continued Strengthening of Financial Position Q3 2025 Highlights Strong free cash flow1 of ~$1.2B Cash position at ~$2.4B with net cash1 position at ~$2.2B Total long-term debt at $196M • Repayment of $50M current debt on maturity, redemption of $350M long-term debt Moody’s upgrade to A3 from Baa1,
Slide 6: Disciplined Approach to Capital Allocation
Disciplined Approach to Capital Allocation Dividend Distribution Q3 2025 YTD Operating Cash Flow Allocation* * Chart segments are indicative only Dividends paid since 1983 Quarterly dividend currently $0.40 per share Sustaining Capital Share Buyback Dividend and Share Buyback Purchase limit of up to
Slide 7: Operational Highlights – Quebec, Nunavut, Finland
Operational Highlights – Quebec, Nunavut, Finland Q3 2025 Results Strong production led by LaRonde, Meadowbank and Canadian Malartic Record quarterly throughput at Meadowbank, Meliadine and Goldex Three million ounce milestone achieved at Kittila Kittila 3M oz celebration Optimization Initiatives Q3
Slide 8: Operational Excellence Through Continuous Improvement
Operational Excellence Through Continuous Improvement Minesite Costs Development Costs (Euro / tonne) (Euro / metre) Improvement Journey at Kittila 105 3,400 Initiative commenced in 2024, leveraging learnings from a -4% -8% similar initiative at the Nunavut operations in 2023 100 3,200 Focused on pr
Slide 9: Integrating New Technology to Drive Productivity Gains
Integrating New Technology to Drive Productivity Gains LZ5 – Ore Tonnage Hauled to Surface Ore haulage (tonnes per day) 4,000 40% Leadership in Underground Automation Autonomous haulage (%) Expertise developed at LZ5 since 2016 3,000 30% Skillsets leveraged across various operations 2,000 20% Produc
Slide 10: Pipeline Projects – Building Foundations for Decades of Production
Pipeline Projects – Building Foundations for Decades of Production Canadian Malartic Hope Bay Vision to 1Moz Annual Producer Potential 400koz Annual Producer in Nunavut Advancing development and infrastructure at East Gouldie Upgrading existing infrastructure and advancing site for planned productio
Slide 11: Operational Highlights – Ontario, Australia, Mexico
Operational Highlights – Ontario, Australia, Mexico Q3 2025 Results Gold production in line with plan Record quarterly mill throughput and run-time at Detour Continued to deliver margin expansion, with focus on cost management and continuous improvement efforts Detour Lake operations Macassa operati
Slide 12: Continuous Improvement Integrated into Operating Model
Continuous Improvement Integrated into Operating Model Haul Truck Utilization Optimization of Haulage Fleet at Detour Lake 83% Multi-faceted strategy 78% to 80% Continuous efforts to improve truck utilization over time 75% • Dispatch optimization, efficient shift change, operational control improvem
Slide 13: Building the Foundations for Sustainable Growth
Building the Foundations for Sustainable Growth Strong Ability to Attract and Train Ontario Workforce Number of new hires or 400 3,000 Proactive Workforce Development Headcount (#) promotions 300 Investing in People Through Creative Initiatives 2,000 200 Macassa Underground Mining School 1,000 100 T
Slide 14: Pipeline Projects – Advancing Next Phase of Growth
Pipeline Projects – Advancing Next Phase of Growth Detour Lake Upper Beaver San Nicolas Pathway to 1Moz Annual Annual Producer with 200koz+ 50% Joint Venture with Producer in Kirkland Lake Camp Teck Resources Commenced development of Commenced development of Cu-Zn-Ag-Au deposit located in exploratio
Slide 15: Odyssey – Growing a World-Class Asset
Odyssey – Growing a World-Class Asset Drilling supported by 29 active drill rigs (13 U/G; 16 surface) Highlight Intercepts East Gouldie deposit – Positive results indicate potential to East Gouldie – 4.8 g/t gold over 25.4m, including 12.0 g/t gold expand mineralisation in lower eastern extension an
Slide 16: 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 – Infill drilling in deeper portion of the zone continued to validate Highlight Intercepts the current geological interpretation of the high-grade corridor West Pit – 4.0 g/t gold over 10.3m at 523m depth West Extension zone –
Slide 17: Hope Bay – Continued Exploration Success at Madrid
Hope Bay – Continued Exploration Success at Madrid Patch 7 and Suluk – Results continue to demonstrate continuity Highlight Intercepts within the known zones and support the potential for mineral Patch 7 – 10.7 g/t gold over 3.8m at 348m depth resource expansion at depth and along strike Patch 7 – 1
Slide 18: Amaruq – Potential to Extend Mine Life Beyond 2028
Amaruq – Potential to Extend Mine Life Beyond 2028 IVR (near surface) – Drilling tested the shallow mineralized Highlight Intercepts structures for a potential pit push-back IVR (near surface) – 21.0 g/t gold over 4.3m at 172m depth IVR and Whale Tail (at depth) – Conversion and exploration drilling
Slide 19: Fosterville – Consolidating a Prospective Land Package
Fosterville – Consolidating a Prospective Land Package Agreement with S2 Resources Ltd. (“S2”) to acquire exploration licence EL007795, adjacent to Fosterville Addition of 34,900 ha to Fosterville land package, surrounding Fosterville mining licence Completion of sale subject to Victorian Government
Slide 20: 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 21: Appendix
Appendix NYSE & TSX: AEM Q3 2025 RESULTS
Slide 22: 2024 Gold Mineral Reserves and Mineral Resources
2024 Gold Mineral Reserves and Mineral Resources* As at December 31, 2024 As at 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 Proven 215,249 0.93 6,433 205,096 0.98 6,430 Probable 1,061,639 1.40
Slide 23: 2024 Mineral Reserves and Mineral Resources
2024 Mineral Reserves and Mineral Resources Mineral Reserves as at December 31, 2024 Operation / Project Proven Probable Proven & Probable Mining AEM 000 000 Metallurgical 000 000 Metallurgical 000 000 Metallurgical Gold g/t g/t g/t Method Share Tonnes Oz Au Recovery (%) Tonnes Oz Au Recovery (%) To
Slide 24: 2024 Mineral Reserves and Mineral Resources (continued)
2024 Mineral Reserves and Mineral Resources (continued) Mineral Reserves as at December 31, 2024 Operation / Project Proven Probable Proven & Probable Silver Mining Method* AEM Share 000 Tonnes g/t 000 Oz Ag Metallurgical 000 Tonnes g/t 000 Oz Ag Metallurgical 000 Tonnes g/t 000 Oz Ag Metallurgical
Slide 25: 2024 Mineral Reserves and Mineral Resources (continued)
2024 Mineral Reserves and Mineral Resources (continued) Mineral Resources as at December 31, 2024 Operation / Project Measured Indicated Mesaured & 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 LaRo
Slide 26: 2024 Mineral Reserves and Mineral Resources (continued)
2024 Mineral Reserves and Mineral Resources (continued) Mineral Resources as at December 31, 2024 Operation / Project Measured Indicated Mesaured & 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 Pino
Slide 27: 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 28: 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 29: Notes to Investors Regarding Certain Measures of Performance
Notes to Investors 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", "EBITDA" which means earnings before interest, taxes, deprec
Slide 30: Investor Relations
NYSE & TSX: AEM Investor Relations 416-947-1212 investor.relations@agnicoeagle.com agnicoeagle.com