Agnico Eagle Mines : First Quarter 2026 Results

About this update from Agnico Eagle Mines Limited

NYSE & TSX: AEM First Quarter 2026 Results May 1, 2026 2 Strengthening Financial Position and Increasing Shareholder Returns Returned ~$375 million directly to shareholders through dividends and the Normal Course Issuer Bid ("NCIB") Targeting to return ~40% of annual free cash flow to shareholders* Detour Lake 1 Record Financial Results Driven by Solid Operational Performance Operations - performance in line with plan, production led by Detour Lake, Canadian Malartic and Fosterville Record financial results -adjusted EBITDA and adjusted net income Canadian Malartic 3 Building the Foundations of Our Future Growth Advancing construction, development and studies at 5 key value driver projects Positive exploration results at key value driver projects Proposed consolidation of the Central Lapland Greenstone Belt in Finland Hope Bay Q1 2026 Highlights - High-Quality, Consistent, Resilient Business On Track to Achieve 2026 Gold Production Q1 2026 825 koz 2 Full Year Production Guidance 3.3 - 3.5 Moz Full Year Guidance Total Cash Costs 1 $1,020 - $1,120/oz AISC 1 $1,400 - $1,550/oz * Through the dividend and NCIB 1 These are non-GAAP measures, see Notes to Investors Regarding Certain Measures of Performance in this presentation 2 Gold production excludes gold ounces from La India and Creston Mascota which were produced from residual leaching, see Notes to Investors Regarding Certain Measures of Performance in the appendix NYSE & TSX: AEM Q1 2026 RESULTS 3 Financial Highlights - Continuing to Deliver Leverage to Higher Gold Prices Q1 2026 Q1 2025 Realized Gold Price 1 ($/oz) $4,861 $2,891 Gold Production 2 (koz) 825 874 Production Costs ($/oz) $1,158 $879 Total Cash Costs 3,4 ($/oz) $1,093 $895 AISC 3,4 ($/oz) $1,483 $1,175 (in millions) Net Income $1,695 $815 Adjusted Net Income 3 $1,706 $770 Adjusted EBITDA 3 $3,011 $1,590 Cash Provided by Operating Activities $1,346 $1,044 Capital Expenditures 3,5 $574 $419 Free Cash Flow 3 $732 $594 (basic shares outstanding) Net Income per share $3.39 $1.62 Adjusted Net Income per share 3 $3.41 $1.53 Operating Cash Flow per share 3 $2.69 $2.08 1,200 1,000 800 600 400 Gold Production and Total Cash Costs Q2 4 2025 Q3 4 2025 Q4 4 2025 Q1 2026 Payable Gold Production (koz) 3 Total Cash Costs ($/oz) $5.00 $4.00 $3.00 $2.00 $1.00 $- Per Share Results $3.41 $2.70 $1.94 $2.16 Q1 2026 - Operating cash flow per share reflects $1.3B tax Q2 2025 Q3 2025 Q4 2025 Q1 2026 payment related to 3 Adjusted Net Income per Share 3 Operating Cash Flow per Share 1 Realized gold price is calculated as gold revenues from mining operations divided by the number of ounces sold 2 Gold production excludes gold ounces from La India and Creston Mascota which were produced from residual leaching, see Notes to Investors Regarding Certain Measures of Performance in the appendix 3 These are non-GAAP measures, see Notes to Investors Regarding Certain Measures of Performance in the appendix 4 Total cash costs per ounce for each quarter of 2025 have been restated using the Company's revised composition for periods commencing on or after January 1, 2026. Using the Company's composition of this measure for periods ending on or prior to December 31, 2025, total cash costs per ounce were $903, $933, $994 and $1,089 for Q1, Q2, Q3 and Q4 2025, respectively. 5 Includes capitalized exploration 2025 tax liability NYSE & TSX: AEM Q1 2026 RESULTS 4 Disciplined Approach to Capital Allocation Shareholder Returns Targeting to return 40% of annual free cash flow to shareholders Dividend Q1 2026 Operating Cash Flow Allocation* * Chart segments are indicative only Dividends paid since 1983 Quarterly dividend of $0.45 per share Share Buyback Total share repurchases of $150M in Q1 2026 Intention to renew the NCIB in May 2026 on substantially the same terms, with an increased internal purchase limit of $2B Strengthening the Balance Sheet Net cash 1 position increased to ~$2.9B at the end of Q1 2026 Fitch Ratings upgraded the Company's long-term issuer default rating from BBB+ to A- in April 2026 Reinvestment in the Business Investing in production growth at 5 key value driver projects Dividend and Share Buyback Strengthening the Balance Sheet $1.3B Sustaining Capital Reinvestment in the Business 3 Cumulative returns to shareholders (1983 to Q1 2026): ~$6.0 billion 2 Returned ~50% of free cash flow 4 to shareholders in Q1 2026 through dividends and share buybacks 1 This is a non-GAAP measure, see Notes to Investors Regarding Certain Measures of Performance in the appendix 2 Calculated as $5.0B cumulative dividends declared since 1983 plus $944M cumulative shares repurchased under the NCIB since 2022 3 Includes growth capital and strategic investments 4 Free cash flow is calculated including the effect of changes in non-cash working capital balances; excluding the effect of changes in non-cash working capital balances equates to a return of ~23% NYSE & TSX: AEM Q1 2026 RESULTS 5 Operational Highlights - Quebec, Nunavut, Finland Odyssey Q1 2026 Results Strong production led by Canadian Malartic and Meadowbank, partially offset by lower grades at LaRonde and lower mill throughput at Kittila Production at Meliadine and Goldex in line with plan First production achieved at East Gouldie via ramp, approximately three months ahead of schedule Optimization Initiatives Q1 2026 Region Gold Prod. (koz) Prod. Costs ($/oz) TCC 1 ($/oz) Op. Margin 1 ($M) Quebec 277 $931 $998 $1,066 Nunavut 208 $1,335 $1,117 $694 Finland 49 $1,401 $1,313 $184 Continued advancement of automation initiatives at LaRonde, testing hauling ore tonnes with autonomous trucks from level 317 to level 290 in the East mine Management and operational teams from several sites visited Finland to exchange best practices and learnings from Kittila's productivity initiatives 1 "TCC" represents Total Cast Costs and "Op. Margin" represents Operating Margin; these are non-GAAP measures, see Notes to Investors Regarding Certain Measures of Performance in the appendix NYSE & TSX: AEM Q1 2026 RESULTS 6 Pipeline Projects - Building Foundations for Decades of Production Canadian Malartic Pathway to 1Moz Annual Producer Advancing development and infrastructure at East Gouldie First production via ramp achieved in Q1 2026 First production via shaft expected in Q2 2027 Exploration drilling yields positive results at Odyssey and Marban, extending mineralization envelope Hope Bay Potential 400koz Annual Producer in Nunavut Upgrading existing infrastructure and advancing site preparedness for potential redevelopment Progressing technical evaluation, with detailed engineering expected to reach ~55% prior to potential construction decision in May 2026 Continued exploration success at Patch 7 NYSE & TSX: AEM Q1 2026 RESULTS 7 Operational Highlights - Ontario, Australia, Mexico Detour Lake Q1 2026 Results Strong production led by Detour Lake and Fosterville Record quarterly tonnes extracted from open pit, combined with strong mill performance at Detour Lake Record quarterly mill throughput at Macassa, despite challenges related to paste fill system Solid underground performance at Fosterville resulting in additional development and ore tonnes mined Q1 2026 Optimization Initiatives Region Gold Prod. (koz) Prod. Costs ($/oz) TCC 1 ($/oz) Op. Margin 1 ($M) Ontario 233 $1,035 $1,041 $1,010 Australia 41 $1,098 $1,123 $135 Mexico 2 18 $3,746 $2,311 $56 Received permit to process AK ore from Macassa at LaRonde, unlocking incremental value through regional operating synergies Continuing to advance LTE implementation at Macassa, supporting various optimization initiatives including the management operating system and tele-remote operation 1 "TCC" represents Total Cast Costs and "Op. Margin" represents Operating Margin; these are non-GAAP measures, see Notes to Investors Regarding Certain Measures of Performance in the appendix 2 Excludes gold ounces from La India and Creston Mascota which were produced from residual leaching, see Notes to Investors Regarding Certain Measures of Performance in the appendix NYSE & TSX: AEM Q1 2026 RESULTS 8 Pipeline Projects - Advancing Next Phase of Growth Detour Lake Pathway to 1Moz Annual Producer Advancing exploration ramp and commenced overburden excavation of conveyor-ramp portal Commenced high-intensity drilling program in west zone near the planned exploration ramp Drilling further defined high-grade domains and west extension zone Upper Beaver Annual Producer with 200koz+ in Kirkland Lake Camp Development of exploration ramp and exploration shaft continue to advance ahead of schedule High-intensity drilling program targeting zone at 500-600m depth to complement bulk sample at the 760-metre level San Nicolás 50% Joint Venture with Teck Resources Cu-Zn-Ag-Au deposit located in Zacatecas, Mexico MIA-R and ETJ permits completed, regulatory decision pending Targeting 50% completion of engineering by mid-year 2026 NYSE & TSX: AEM Q1 2026 RESULTS 9 Odyssey - Growing a World-Class Asset East Gouldie deposit - Drilling continues to yield positive results in the upper eastern and deeper areas of the East Gouldie deposit Odyssey North - Conversion drilling encountered significant mineralization in the lower portion of the porphyry in the internal zones Highlights Intercepts East Gouldie - 3.0 g/t gold over 14.7m at 999m depth East Gouldie - 6.7 g/t gold over 36.0m at 1,089m depth Odyssey internal zone - 9.0 g/t gold over 53.5m (core length) at 1,067m depth NYSE & TSX: AEM Q1 2026 RESULTS 10 West Pit zone - Commenced high-intensity drilling program from surface to test the proposed underground bulk sample area near the planned exploration ramp, to validate the continuity of mineralization and improve the accuracy of the geological model West Extension zone - Drilling continued to extend the underground mineral potential to the west Highlights Intercepts West Pit zone - 8.9 g/t gold over 14.1m at 187m depth West Extension zone - 10.7 g/t gold over 10.1m at 497m depth West Extension zone - 2.6 g/t gold over 27.4m at 669m depth West Extension zone - 28.0 g/t gold over 4.4m at 734m depth NYSE & TSX: AEM Q1 2026 RESULTS 11 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 km 2 (including 279 km 2 at Kittila) Significant Exploration Upside Consolidated land package has significant potential for 2 4 mineral resource expansion and new discoveries 1 3 Main areas of interest for an initial 3-year exploration program: 1 ▪ The Ikkari-Helmi gap area - from the property boundary between Rupert and the Fingold JV 2 ▪ The broader Ikkari trend 3 ▪ Aurion's Risti property and Fingold JV 4 ▪ The Area 51 target on Rupert's property, with targets analogous to Cu-Ni-PGE deposits nearby NYSE & TSX: AEM Q1 2026 RESULTS 12 Low-Risk Mining Jurisdictions Highest Quality Senior Gold Producer Strategic Regional Focus Strong Financial Returns Multi-mine, multi-decade geologic potential Multi-decade political stability Regional focus maintaining a manageable business High sustainability standards with multi-decade investment horizon Disciplined capital investments based on technical and regional knowledge Creating value through the drill bit and technical expertise High-quality project pipeline in core operating regions with unique potential to leverage existing assets Competitive advantage from over 60 years of operations in Canada Unique mining expertise in Nunavut Emphasis on per share value creation Strong financial position to fund growth projects, strengthen balance sheet and return capital to shareholders 43 consecutive years of dividend payments NYSE & TSX: AEM Q1 2026 RESULTS 13 Appendix As at December 31, 2025 As at December 31, 2024 Category Tonnes (000s) Grade (g/t Au) Contained Gold (000s oz) Tonnes (000s) Grade (g/t Au) Contained Gold (000s oz) Mineral Reserves Proven 212,796 0.98 6,731 215,249 0.93 6,433 Probable 1,116,755 1.36 48,711 1,061,639 1.40 47,852 Total Proven & Probable 1,329,551 1.30 55,442 1,276,888 1.32 54,284 Mineral Resources Measured 113,254 1.28 4,656 111,028 1.23 4,397 Indicated 1,086,470 1.21 42,420 1,056,019 1.14 38,553 Total Measured & Indicated 1,199,724 1.22 47,076 1,167,047 1.14 42,950 Total Inferred 522,289 2.49 41,815 451,483 2.49 36,208 * See AEM February 12, 2026 news release for further details on the mineral reserves and mineral resources as at December 31, 2025 NYSE & TSX: AEM Q1 2026 RESULTS 15 Gold Mining Method* 000 Tonnes g/t 000 Oz Au 000 Tonnes g/t 000 Oz Au 000 Tonnes g/t 000 Oz Au Metallurgical Recovery (%) LaRonde mine 1 U/G 2,469 4.65 369 8,158 6.06 1,590 10,627 5.73 1,959 94.4 LaRonde Zone 5 2 U/G 6,405 2.02 415 6,800 2.17 474 13,205 2.09 889 94.5 LaRonde Total 8,874 2.75 784 14,959 4.29 2,064 23,832 3.72 2,848 Canadian Malartic mine 3 O/P 36,896 0.50 597 21,697 1.22 852 58,594 0.77 1,449 88.8 Marban deposit 4 - - - 51,618 0.95 1,577 51,618 0.95 1,577 90.0 Odyssey deposit 5 U/G 29 2.37 2 4,758 2.12 325 4,787 2.12 327 95.0 East Gouldie 6 U/G - - - 54,943 3.23 5,699 54,943 3.23 5,699 94.4 Odyssey Mine Total 29 2.37 2 59,701 3.14 6,024 59,730 3.14 6,026 Canadian Malartic Total 36,925 0.50 599 133,016 1.98 8,453 169,941 1.66 9,052 Goldex 7 U/G 6,255 1.48 298 9,065 1.68 488 15,320 1.60 786 85.9 Akasaba West 8 O/P 969 0.82 26 2,807 0.96 86 3,777 0.92 112 77.6 Goldex Total 7,225 1.39 324 11,872 1.51 575 19,097 1.46 898 Wasamac U/G - 0.00 - 14,757 2.90 1,377 14,757 2.90 1,377 89.7 Quebec Total 53,023 1.00 1,707 174,603 2.22 12,468 227,626 1.94 14,175 Detour Lake (At or above 0.5 g/t) O/P 66,690 1.08 2,313 434,448 0.90 12,641 501,138 0.93 14,954 88.4 Detour Lake (Below 0.5 g/t) O/P 53,681 0.42 722 243,242 0.37 2,899 296,923 0.38 3,621 88.4 Detour Lake Total 9 120,371 0.78 3,035 677,690 0.71 15,540 798,061 0.72 18,575 Macassa 10 U/G 612 10.43 205 6,013 8.68 1,678 6,625 8.84 1,883 95.9 Macassa Near Surface 11 U/G 3 2.11 - 80 3.91 10 84 3.84 10 93.5 AK deposit 12 U/G 126 4.35 18 1,975 4.54 288 2,101 4.53 306 93.5 Macassa Total 742 9.36 223 8,068 7.62 1,976 8,810 7.77 2,200 Upper Beaver O/P - - - 3,235 1.82 189 3,235 1.82 189 95.5 Upper Beaver U/G - - - 19,946 4.02 2,579 19,946 4.02 2,579 95.5 Upper Beaver Total 13 - - - 23,181 3.71 2,768 23,181 3.71 2,768 Hammond Reef 14 O/P - - - 123,473 0.84 3,323 123,473 0.84 3,323 89.8 Ontario Total 121,113 0.84 3,258 832,412 0.88 23,607 953,524 0.88 26,865 Amaruq O/P 8,048 1.26 327 7,364 3.17 750 15,412 2.17 1,077 90.5 Amaruq U/G 81 4.22 11 2,221 5.12 366 2,302 5.09 377 90.5 Meadowbank Total 15 8,129 1.29 338 9,585 3.62 1,116 17,714 2.55 1,454 Meliadine O/P 1,142 4.24 156 4,291 3.64 503 5,433 3.77 658 96.0 Meliadine U/G 2,962 6.32 602 13,680 5.37 2,362 16,642 5.54 2,964 96.0 Meliadine Total 16 4,104 5.74 757 17,971 4.96 2,864 22,075 5.10 3,622 Hope Bay 17 U/G 93 6.77 20 16,086 6.53 3,376 16,178 6.53 3,396 87.5 Nunavut Total 12,325 2.82 1,116 43,642 5.24 7,356 55,967 4.71 8,472 Fosterville 18 U/G 887 5.41 154 9,516 4.95 1,516 10,403 4.99 1,670 92.0 Australia Total 887 5.41 154 9,516 4.95 1,516 10,403 4.99 1,670 Kittila 19 U/G 931 4.66 140 23,818 4.15 3,179 24,749 4.17 3,319 86.0 Europe Total 931 4.66 140 23,818 4.15 3,179 24,749 4.17 3,319 Pinos Altos O/P 26 1 1,629 1.00 53 1,656 1.00 53 93.6 Pinos Altos U/G 633 2.06 42 2,374 2.29 175 3,007 2.24 216 94.2 Pinos Altos Total 20 659 2.00 42 4,003 1.76 227 4,662 1.80 269 San Nicolás (50%) 21 O/P 23,858 0.41 314 28,761 0.39 358 52,619 0.40 672 17.6 Mexico Total 24,517 0.45 357 32,764 0.56 585 57,281 0.51 941 Total Gold 212,796 0.98 6,731 1,116,755 1.36 48,711 1,329,551 1.30 55,442 Operation / Project Proven Mineral Reserves as at December 31, 2025 Probable Proven & Probable NYSE & TSX: AEM Q1 2026 RESULTS 16 Mineral Reserves as at December 31, 2025 Operation / Project Proven Probable Proven & Probable Silver Mining Method* 000 Tonnes g/t 000 Oz Ag 000 Tonnes g/t 000 Oz Ag 000 Tonnes g/t 000 Oz Ag Metallurgical Recovery (%) LaRonde mine Pinos Altos Pinos Altos Pinos Altos Total San Nicolás (50%) U/G O/P U/G O/P 2,469 10.46 830 8,158 20.75 5,443 10,627 18.36 6,273 78.1 26 8.57 7 1,629 34.82 1,824 1,656 34.40 1,831 44.5 633 45.29 922 2,374 27.30 2,083 3,007 31.09 3,005 50.0 659 43.81 929 4,003 30.36 3,907 4,662 32.26 4,836 23,858 23.93 18,356 28,761 20.91 19,333 52,619 22.28 37,689 38.6 Total Silver 26,986 23.18 20,116 40,923 21.80 28,682 67,909 22.35 48,798 Copper Mining Method* 000 Tonnes % Tonnes Cu 000 Tonnes % Tonnes Cu 000 Tonnes % Tonnes Cu Metallurgical Recovery (%) LaRonde mine Akasaba West Upper Beaver Upper Beaver Upper Beaver Total San Nicolás (50%) U/G O/P O/P U/G O/P 2,469 0.17 4,081 8,158 0.30 24,751 10,627 0.27 28,831 82.8 969 0.48 4,640 2,807 0.53 14,810 3,777 0.51 19,451 79.0 - - - 3,235 0.14 4,477 3,235 0.14 4,477 79.2 - - - 19,946 0.25 50,453 19,946 0.25 50,453 79.2 - - - 23,181 0.24 54,930 23,181 0.24 54,930 23,858 1.26 299,809 28,761 1.01 291,721 52,619 1.12 591,530 78.2 Total Copper 27,296 1.13 308,530 62,908 0.61 386,213 90,204 0.77 694,743 Zinc Mining Method* 000 Tonnes % Tonnes Zn 000 Tonnes % Tonnes Zn 000 Tonnes % Tonnes Zn Metallurgical Recovery (%) LaRonde mine U/G 2,469 0.36 8,951 8,158 1.09 88,811 10,627 0.92 97,762 70.2 San Nicolás (50%) O/P 23,858 1.61 383,313 28,761 1.37 394,115 52,619 1.48 777,428 80.9 Total Zinc 26,327 1.49 392,263 36,920 1.31 482,926 63,246 1.38 875,190 *Open Pit ("O/P"), Underground ("U/G") 1 LaRonde mine: Net smelter value cut-off varies according to mining type and depth, not less than C$95/t for LP1 (Area 11-3) and not less than C$228/t for LaRonde. 2 LaRonde Zone 5: Gold cut-off grade varies according to stope size and depth, not less than 1.46 g/t. 3 Canadian Malartic: Gold cut-off grade is 0.35 g/t. 4 Marban deposit: Gold cut-off grade is 0.31 g/t. 5 Odyssey deposit: Gold cut-off grade varies according to mining zone and depth, not less than 1.44 g/t. 6 East Gouldie: Gold cut-off grade not less than 1.57 g/t. 7 Goldex: Gold cut-off grade varies according to mining type and depth, not less than 1.00 g/t. 8 Akasaba West: Net smelter value cut-off varies, not less than C$33.28/t. 9 Detour Lake: Gold cut-off grade is 0.27 g/t. 10 Macassa: Gold cut-off grade varies according to mining type, not less than 3.35 g/t for long hole method and 3.78 g/t for cut and fill method. 11 Macassa Near Surface deposit: Gold cut-off grade not less than 2.10 g/t. 12 Amalgamated Kirkland ("AK") deposit: Gold cut-off grade not less than 2.10 g/t. 13 Upper Beaver: Net smelter value cut-off varies according to mining type, not less than C$118.17/t for underground and C$43.49/t for open pit. 14 Hammond Reef: Gold cut-off grade is 0.41 g/t. 15 Amaruq: Gold cut-off grade varies according to mining type, not less than 0.98 g/t for open pit mineral reserves and 3.05 g/t for underground mineral reserves (gold cut-off grade for marginal underground mineral reserves from development is 1.17 g/t). 16 Meliadine: Gold cut-off grade varies according to mining type, not less than 1.50 g/t for open pit mineral reserves and 3.90 g/t for underground mineral reserves (gold cut-off grade for marginal underground mineral reserves from development is 1.50 g/t). 17 Hope Bay: Gold cut-off grade not less than 4.00 g/t. 18 Fosterville: Gold cut-off grade varies according to mining zone and type, not less than 3.00 g/t. 19 Kittila: Gold cut-off grade varies according to haulage distance, not less than 2.63 g/t. 20 Pinos Altos: Net smelter value cut-off varies according to mining zone and type, not less than C$25.44/t for open pit mineral reserves and US$85.97/t for the underground mineral reserves. 21 San Nicolás (50%): Net smelter return cut-off values for low zinc/copper ore of $9.71/t and for high zinc/copper ore of $13.15/t. NYSE & TSX: AEM Q1 2026 RESULTS 17 NYSE & TSX: AEM Q1 2026 RESULTS 18 Mineral Resources as at December 31, 2025 Operation / Project Measured Indicated Mesaured & Indicated Inferred Gold Mining 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 LaRonde Zone 5 LaRonde Total Canadian Malartic mine Marban deposit Marban deposit Marban regional Marban regional Odyssey deposit East Malartic East Gouldie Odyssey Mine Total Canadian Malartic Total Goldex Akasaba West Akasaba West Goldex Total Akasaba regional Wasamac U/G - - - 6,457 3.59 746 6,457 3.59 746 1,366 6.03 265 U/G - - - 24,207 1.93 1,506 24,207 1.93 1,506 11,677 3.00 1,127 - - - 30,664 2.28 2,251 30,664 2.28 2,251 13,043 3.32 1,392 O/P - - - - - - - - - 5,011 0.73 118 O/P - - - 3,875 0.51 63 3,875 0.51 63 2,956 0.66 63 U/P - - - - - - - - - 4,544 2.14 313 O/P - - - 14,794 1.22 582 14,794 1.22 582 11,272 1.08 390 U/P - - - 296 3.36 32 296 3.36 32 183 3.37 20 U/G - - - 4,493 1.63 236 4,493 1.63 236 20,176 2.23 1,445 U/G - - - 48,216 1.92 2,976 48,216 1.92 2,976 63,275 1.89 3,835 U/G - - - 5,048 1.42 230 5,048 1.42 230 94,278 2.43 7,372 - - - 57,757 1.85 3,442 57,757 1.85 3,442 177,729 2.21 12,652 - - - 76,723 1.67 4,120 76,723 1.67 4,120 201,694 2.09 13,556 U/G 12,360 1.86 739 21,245 1.45 988 33,604 1.60 1,727 17,951 1.46 842 O/P - - - 130 0.38 2 130 0.38 2 - - - U/P - - - - - - - - - 966 1.60 50 12,360 1.86 739 21,374 1.44 989 33,734 1.59 1,728 18,917 1.47 892 U/G - - - - - - - - - 3,052 3.24 318 U/G - - - 9,479 2.19 667 9,479 2.19 667 3,911 2.48 312 Quebec Total 12,360 1.86 739 138,241 1.81 8,027 150,601 1.81 8,766 240,618 2.13 16,469 Detour Lake O/P 35,300 1.16 1,312 587,007 0.66 12,373 622,307 0.68 13,685 51,442 1.38 2,290 Detour Lake U/G - - - 52,924 2.04 3,472 52,924 2.04 3,472 59,549 2.03 3,878 Detour Lake Zone 58N U/G - - - 2,868 5.80 534 2,868 5.80 534 973 4.35 136 Detour Lake Total 35,300 1.16 1,312 642,798 0.79 16,379 678,098 0.81 17,691 111,964 1.75 6,304 Macassa U/G 379 10.30 125 2,818 5.85 530 3,197 6.38 656 5,448 7.00 1,226 Macassa Near Surface U/G - - - 59 4.02 8 59 4.02 8 309 3.99 40 AK deposit U/G - - - 212 2.53 17 212 2.53 17 308 3.40 34 Macassa Total 379 10.30 125 3,090 5.59 555 3,469 6.10 681 6,066 6.66 1,299 Aquarius O/P - - - 12,364 2.15 856 12,364 2.15 856 122 3.59 14 Holt complex U/G 5,806 4.29 800 5,884 4.75 898 11,690 4.52 1,699 9,097 4.48 1,310 Anoki-McBean U/G - - - 3,919 2.77 349 3,919 2.77 349 867 3.84 107 Upper Beaver O/P - - - 54 0.87 2 54 0.87 2 - - - Upper Beaver U/G - - - 7,510 2.04 493 7,510 2.04 493 2,953 4.12 391 Upper Beaver Total - - - 7,564 2.03 495 7,564 2.03 495 2,953 4.12 391 Upper Canada O/P - - - 1,477 1.66 79 1,477 1.66 79 1,408 1.47 66 Upper Canada U/G - - - 9,546 2.40 738 9,546 2.40 738 22,736 2.93 2,145 Upper Canada Total - - - 11,024 2.30 817 11,024 2.30 817 24,143 2.85 2,211 Hammond Reef O/P 47,063 0.54 819 86,304 0.53 1,478 133,367 0.54 2,298 - - - Ontario Total 88,548 1.07 3,057 772,946 0.88 21,829 861,494 0.90 24,885 155,212 2.33 11,636 Mineral Resources as at December 31, 2025 Operation / Project Measured Indicated Mesaured & Indicated Inferred Gold Mining 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 Amaruq O/P - - - 2,488 3.03 242 2,488 3.03 242 190 2.87 18 Amaruq U/G - - - 8,887 3.83 1,094 8,887 3.83 1,094 5,750 4.14 765 Meadowbank Total - - - 11,374 3.65 1,336 11,374 3.65 1,336 5,940 4.10 783 Meliadine O/P 288 2.82 26 5,705 2.72 499 5,994 2.73 525 710 4.22 96 Meliadine U/G 1,662 3.80 203 12,928 3.65 1,515 14,590 3.66 1,719 14,036 5.28 2,382 Meliadine Total 1,951 3.66 229 18,634 3.36 2,015 20,584 3.39 2,244 14,746 5.23 2,478 Hope Bay U/G - - - 14,946 4.61 2,217 14,946 4.61 2,217 16,868 5.98 3,246 Nunavut Total 1,951 3.66 229 44,954 3.85 5,567 46,905 3.84 5,797 37,555 5.39 6,507 Fosterville O/P 651 4.06 85 10,702 3.76 1,293 11,353 3.77 1,377 13,328 4.19 1,795 Fosterville U/G 337 3.72 40 16,203 1.41 732 16,539 1.45 772 13,255 1.75 745 Fosterville Total - - - 4,470 4.75 683 4,470 4.75 683 5,807 4.11 767 Northern Territory O/P 337 3.72 40 20,672 2.13 1,415 21,009 2.15 1,455 19,062 2.47 1,512 Northern Territory U/G 987 3.94 125 31,374 2.68 2,707 32,362 2.72 2,832 32,391 3.18 3,307 Northern Territory Total - - - - - - - - - 373 3.89 47 Australia Total 4,669 2.87 431 17,874 2.81 1,617 22,544 2.83 2,048 6,209 4.66 930 Kittila O/P 4,669 2.87 431 17,874 2.81 1,617 22,544 2.83 2,048 6,582 4.62 977 Kittila U/G - - - 3,178 1.08 111 3,178 1.08 111 2,260 1.25 91 Kittila Total - - - 1,158 1.77 66 1,158 1.77 66 13,552 2.10 914 Barsele (55%) O/P - - - 4,335 1.27 176 4,335 1.27 176 15,811 1.98 1,005 Barsele (55%) U/G 4,669 2.87 431 22,210 2.51 1,794 26,879 2.57 2,224 22,393 2.75 1,982 Barsele (55%) Total 1 - - - 2,488 3.03 242 2,488 3.03 242 190 2.87 18 Europe Total - - - 8,887 3.83 1,094 8,887 3.83 1,094 5,750 4.14 765 Pinos Altos O/P - - - 1,530 0.90 44 1,530 0.90 44 154 0.57 3 Pinos Altos U/G - - - 12,659 2.14 872 12,659 2.14 872 1,378 2.04 90 Pinos Altos Total - - - 14,189 2.01 916 14,189 2.01 916 1,533 1.89 93 La India O/P 4,478 0.52 74 880 0.53 15 5,358 0.52 89 - - - San Nicolás (50%) O/P 261 0.08 1 3,037 0.20 19 3,297 0.19 20 2,468 0.13 10 Tarachi O/P - - - 19,290 0.58 361 19,290 0.58 361 242 0.52 4 Chipriona O/P - - - 11,652 0.77 287 11,652 0.77 287 1,284 0.63 26 El Barqueño Gold O/P - - - 8,431 1.24 335 8,431 1.24 335 9,696 1.12 349 Santa Gertrudis O/P - - - 19,267 0.91 563 19,267 0.91 563 9,819 1.36 429 Santa Gertrudis U/G - - - - - - - - - 9,079 3.44 1,004 Santa Gertrudis Total - - - 19,267 0.91 563 19,267 0.91 563 18,898 2.36 1,433 Mexico Total 4,739 0.49 75 76,746 1.01 2,496 81,485 0.98 2,571 34,120 1.75 1,915 Total Gold 113,254 1.28 4,656 1,086,470 1.21 42,420 1,199,724 1.22 47,076 522,289 2.49 41,815 NYSE & TSX: AEM Q1 2026 RESULTS 19 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 U/G - - - 6,457 14.92 3,097 6,457 14.92 3,097 1,366 15.50 680 Pinos Altos O/P - - - 1,530 20.28 997 1,530 20.28 997 154 13.90 69 Pinos Altos U/G - - - 12,659 54.77 22,294 12,659 54.77 22,294 1,378 48.42 2,146 Pinos Altos Total - - - 14,189 51.05 23,291 14,189 51.05 23,291 1,533 44.95 2,215 La India O/P 4,478 2.72 391 880 2.58 73 5,358 2.70 464 - - - San Nicolás (50%) O/P 261 6.40 54 3,037 11.86 1,158 3,297 11.43 1,211 2,468 9.26 735 Chipriona O/P - - - 11,652 100.69 37,722 11,652 100.69 37,722 1,284 76.97 3,176 El Barqueño Silver O/P - - - - - - - - - 4,462 121.28 17,399 El Barqueño Gold O/P - - - 8,431 5.15 1,396 8,431 5.15 1,396 9,696 16.00 4,989 Santa Gertrudis O/P - - - 19,267 3.66 2,269 19,267 3.66 2,269 9,819 1.85 585 Santa Gertrudis U/G - - - - - - - - - 9,079 23.31 6,803 Santa Gertrudis Total - - - 19,267 3.66 2,269 19,267 3.66 2,269 18,898 12.16 7,389 Total Silver 4,739 2.92 445 63,913 33.58 69,005 68,652 31.47 69,450 39,705 28.66 36,582 Copper Mining Method 000 Tonnes % Tonnes Cu 000 Tonnes % Tonnes Cu 000 Tonnes % Tonnes Cu 000 Tonnes % Tonnes Cu LaRonde mine U/G - - - 6,457 0.15 9,387 6,457 0.15 9,387 1,366 0.26 3,526 Akasaba West O/P - - - 130 0.16 205 130 0.16 205 - - - Akasaba West U/P - - - - - - - - - 966 0.88 8,451 Akasaba West Total - - - 130 0.16 205 130 0.16 205 966 0.88 8,451 Upper Beaver O/P - - - 54 0.10 56 54 0.10 56 - - - Upper Beaver U/G - - - 7,510 0.16 12,063 7,510 0.16 12,063 2,953 0.36 10,649 Upper Beaver Total - - - 7,564 0.16 12,118 7,564 0.16 12,118 2,953 0.36 10,649 San Nicolás (50%) O/P 261 1.35 3,526 3,037 1.17 35,489 3,297 1.18 39,015 2,468 0.94 23,144 Chipriona O/P - - - 11,652 0.16 18,768 11,652 0.16 18,768 1,284 0.11 1,377 El Barqueño Gold O/P - - - 8,431 0.21 17,650 8,431 0.21 17,650 9,696 0.22 21,555 El Barqueño Silver O/P - - - - - - - - - 4,462 0.04 1,852 Total Copper 261 1.35 3,526 37,270 0.25 93,617 37,531 0.26 97,143 23,193 0.30 70,555 Zinc Mining Method 000 Tonnes % Tonnes Zn 000 Tonnes % Tonnes Zn 000 Tonnes % Tonnes Zn 000 Tonnes % Tonnes Zn LaRonde mine U/G - - - 6,457 0.98 63,087 6,457 0.98 63,087 1,366 0.43 5,856 San Nicolás (50%) O/P 261 0.39 1,012 3,037 0.71 21,618 3,297 0.69 22,630 2,468 0.62 15,355 Chipriona O/P - - - 11,652 0.87 101,211 11,652 0.87 101,211 1,284 0.72 9,178 Total Zinc 261 0.39 1,012 21,146 0.88 185,916 21,407 0.87 186,928 5,117 0.59 30,389 1 On January 28, 2026, Agnico Eagle entered into an agreement to sell its 55% interest in the Barsele project to Goldsky Resources Corp., with the closing of the transaction expected on or prior to June 30, 2026 (see AEM January 28, 2026 news release) NYSE & TSX: AEM Q1 2026 RESULTS 20 Attention : This is an excerpt of the original content. 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