Agnico Eagle Mines Limited · TSX:AEM
Agnico Eagle Mines — Q1 2026 Earnings Presentation
24 slides from Agnico Eagle Mines's earnings presentation, May 1, 2026
Slide 1: First Quarter 2026 Results
NYSE & TSX: AEM First Quarter 2026 Results May 1, 2026
Slide 2: Notes to Investors
Notes to Investors Forward-Looking Statements The information in this presentation has been prepared as at April 30, 2026. 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: Q1 2026 Highlights – High-Quality, Consistent, Resilient Business
Q1 2026 Highlights – High-Quality, Consistent, Resilient Business 1 2 3 Record Financial Strengthening On Track to Achieve 2026 Building the Gold Production Results Driven by Solid Financial Position Foundations of Our Operational and Increasing Future Growth Q1 2026 Performance Shareholder Returns
Slide 4: Financial Highlights – Continuing to Deliver Leverage to Higher Gold Prices
Financial Highlights – Continuing to Deliver Leverage to Higher Gold Prices Gold Production and Total Cash Costs Q1 2026 Q1 2025 1,200 $4,861 $2,891 1,000 Realized Gold Price1 ($/oz) Gold Production2 (koz) 825 874 800 Production Costs ($/oz) $1,158 $879 600 Total Cash Costs3,4 ($/oz) $1,093 $895 400
Slide 5: Disciplined Approach to Capital Allocation
Disciplined Approach to Capital Allocation Shareholder Returns Q1 2026 Operating Cash Flow Allocation* * Chart segments are indicative only Targeting to return 40% of annual free cash flow to shareholders Dividend Dividend and Sustaining • Dividends paid since 1983 Capital Share Buyback • Quarterly
Slide 6: Operational Highlights – Quebec, Nunavut, Finland
Operational Highlights – Quebec, Nunavut, Finland Q1 2026 Results Strong production led by Canadian Malartic and Meadowbank, partially offset by lower grades at LaRonde and lower mill throughput at Kittila Production at Meliadine and Goldex in line with plan First production achieved at East Gouldie
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 Potential 400koz Annual Producer in Nunavut Advancing development and infrastructure at East Gouldie Upgrading existing infrastructure and advancing site preparedness for pot
Slide 8: Operational Highlights – Ontario, Australia, Mexico
Operational Highlights – Ontario, Australia, Mexico Q1 2026 Results Strong production led by Detour Lake and Fosterville Record quarterly tonnes extracted from open pit, combined with strong mill performance at Detour Lake Record quarterly mill throughput at Macassa, despite challenges related to pa
Slide 9: 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 10: Odyssey – Growing a World-Class Asset
Odyssey – Growing a World-Class Asset East Gouldie deposit – Drilling continues to yield positive results Highlights Intercepts in the upper eastern and deeper areas of the East Gouldie deposit East Gouldie – 3.0 g/t gold over 14.7m at 999m depth Odyssey North – Conversion drilling encountered signi
Slide 11: 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 – Commenced high-intensity drilling program from surface to test Highlights Intercepts the proposed underground bulk sample area near the planned exploration ramp, West Pit zone – 8.9 g/t gold over 14.1m at 187m depth to valida
Slide 12: Proposed Consolidation of Finland's Central Lapland Greenstone Belt
Proposed Consolidation of Finland’s Central Lapland Greenstone Belt Creating a Multi-Decade, Multi-Asset Platform Regional consolidation enhancing the Finland platform Unlocks significant value at Ikkari Consolidates a highly prospective land package that will total approx. 2,492 km2 (including 279
Slide 13: 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 14: Appendix
Appendix NYSE & TSX: AEM Q1 2026 RESULTS
Slide 15: 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 16: 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 17: 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 18: 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 Mesaured & 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 19: 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 Mesaured & 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 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 Mesaured & 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 21: Notes to Investors
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 22: Notes to Investors
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 23: Notes to Investors
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 24: Investor Relations
NYSE & TSX: AEM Investor Relations 416-947-1212 investor.relations@agnicoeagle.com agnicoeagle.com