Agnico Eagle Mines Limited · TSX:AEM
Agnico Eagle Mines — Q3 2026 Earnings Presentation
27 slides from Agnico Eagle Mines's earnings presentation, Oct 29, 2026
Slide 1: Third Quarter 2026 Results
NYSE & TSX: AEM Third Quarter 2026 Results October 29, 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 October 28, 2026. 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 2026 Highlights – High-Quality, Consistent, Resilient Business
Q3 2026 Highlights – High-Quality, Consistent, Resilient Business 1 2 3 Production Remains Solid Production and Strong Free Cash Flow Building the Towards Low-End Cost Control Drive Strong Supports Solid Foundations of Our of 2026 Guidance Range Financial Results Shareholder Returns Future Growth Q3
Slide 4: Financial Highlights – Strong Free Cash Flow Reflects Continued Focus On Cost Discipline
Financial Highlights – Strong Free Cash Flow Reflects Continued Focus On Cost Discipline Q3 Q3 Q3 YTD Q3 YTD Gold Production and Total Cash Costs 2026 2025 2026 2025 1,200 Realized Gold Price1 ($/oz) $4,264 $3,476 $4,537 $3,221 1,000 Gold Production2 (koz) 814 867 2,495 2,607 800 Production Costs ($
Slide 5: Disciplined Capital Allocation Strategy
Disciplined Capital Allocation Strategy Q3 2026 YTD Operating Cash Flow Allocation* Primary Value Creation Excess Capital 1 Capital Focus 2 Investments 3 Returns * Chart segments are indicative only Primary Capital – Sustaining Capital, Excess Capital – Sustaining capital1 – Re-investment in Share b
Slide 6: Quebec, Nunavut, Finland – Resilient Operational Execution
Quebec, Nunavut, Finland – Resilient Operational Execution Q3 2026 Results Barnat pit operations restarted on schedule on September 27, 2026 with remediation activities completed Strong production at Kittila, Quebec production in line with plan and Nunavut affected by lower gold grades Continued imp
Slide 7: Canadian Malartic – Pathway to 1Moz Annual Producer
Canadian Malartic – Pathway to 1Moz Annual Producer Advancing development and infrastructure at East Gouldie Odyssey headframe • Extraction of first 4 stopes via ramp Q3 YTD 2026 Operational complex • First production via shaft expected in Q2 2027 Exploration drilling yields positive results at Odys
Slide 8: Hope Bay – The Next Multi-Decade Producer in Nunavut
Hope Bay – The Next Multi-Decade Producer in Nunavut 2026 sealift completed – 11 vessels including wind turbine and fuel Construction progress at ~13% as at September 30, 2026 Signed a renewed Inuit Impact and Benefit Agreement with the Kitikmeot Inuit Association, extending to 2056 Process plant an
Slide 9: Ontario, Australia, Mexico – Operational Performance Ahead of Plan
Ontario, Australia, Mexico – Operational Performance Ahead of Plan Q3 2026 Results Strong production led by Detour Lake and Fosterville Record quarterly tonnes extracted from the Detour Lake open pit for third consecutive quarter Record mill throughput achieved at Macassa for third consecutive quart
Slide 10: Detour Lake – Pathway to 1Moz Annual Producer
Detour Lake – Pathway to 1Moz Annual Producer Advancing exploration ramp and overburden excavation of conveyor ramp portal High-intensity drilling program in West Pit zone near the exploration ramp yielding positive results Drilling further defined high-grade domains and West Extension zone Camp ext
Slide 11: Upper Beaver – Annual Producer with 200koz+ in Kirkland Lake Camp
Upper Beaver – Annual Producer with 200koz+ in Kirkland Lake Camp Development of exploration ramp and exploration shaft continues to advance Shaft headframe High-intensity drilling program targeting zone at 500-600m depth completed Evaluating opportunities to expand exploration activities, including
Slide 12: Odyssey – Growing a World-Class Asset
Odyssey – Growing a World-Class Asset East Gouldie deposit – Drilling continues to return high-grade results in Highlight Intercepts the deeper areas of the East Gouldie deposit and demonstrate the potential to extend mineralization at depth East Gouldie deposit – 2.8 g/t gold over 34.1m at 1,951m d
Slide 13: 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 – Conversion drilling below the current open pit mineral reserve Highlight Intercepts continued to generate positive results West Pit zone – 11.9 g/t gold over 5.4m at 583m depth West Pit zone – Continued high-intensity drillin
Slide 14: Hope Bay – Exploration Drilling at Boston Yields Positive Results
Hope Bay – Exploration Drilling at Boston Yields Positive Results Patch 7 zone – Conversion drilling program continued to demonstrate the strong continuity of the high-grade mineralization, which remains open along strike and at depth Boston deposit – First drill campaign since 2019 returned positiv
Slide 15: Ikkari – Ramping-Up Exploration Drilling Along Ikkari Trend
Ikkari – Ramping-Up Exploration Drilling Along Ikkari Trend Ikkari – Condemnation drilling at Ikkari ongoing to support infrastructure placement and project development planning Helmi – Exploration drilling yields positive results, highlighting potential to extend mineralization envelope at depth an
Slide 16: 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 17: Appendix
ee Appendix
Slide 18: 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 19: 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 20: 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 21: 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 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 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 23: 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 24: 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 25: 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 26: 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 27: Investor Relations
NYSE & TSX: AEM Investor Relations 416-947-1212 [email protected] agnicoeagle.com