Agnico Eagle Mines (AEM) investor relations material

Conference overview

• The 88th Emerging Growth Conference featured presentations from leading mining and royalty companies, focusing on gold, copper, and royalty streaming strategies.

• Presenters included Agnico Eagle Mines, Highland Copper Company, and Vox Royalty Corp, each outlining their operational strengths, growth plans, and market positioning.

• The event highlighted industry trends such as record gold and copper prices, increased investor interest, and supportive government policies for critical minerals.

Key company presentations and strategies

• Agnico Eagle emphasized its regional strategy, low-risk profile, and strong Canadian production base, with plans to grow output by 20% over the next 5-8 years through five major projects.

• Highland Copper detailed its fully permitted Copperwood project, targeting a construction decision in 2026 and production by 2029, supported by recent asset sales and strong federal funding prospects.

• Vox Royalty showcased its diversified portfolio of over 80 assets, capital-light model, and focus on tier-one jurisdictions, with recent transformative acquisitions and robust revenue growth.

Financial performance and capital allocation

• Agnico Eagle reported margin expansion to over 60%, consistent dividend growth, and a net cash position expected to reach $3 billion by year-end, while reinvesting in organic growth.

• Highland Copper improved its balance sheet by divesting non-core assets, eliminating debt, and securing $250 million in project financing interest from U.S. EXIM.

• Vox Royalty highlighted high returns on invested capital, a strong balance sheet, and the highest dividend yield in its sector, with a focus on accretive acquisitions and buybacks.