Agnico Eagle Mines (AEM) 47th Annual Raymond James Institutional Investor Conference summary

Strategic overview and differentiation

• Focuses on operating in regions with strong geologic potential and political stability, prioritizing long-term, multi-mine operations over global asset chasing.

• Regional strategy leverages local knowledge, deep operational expertise, and long-standing community relationships, with 85% of production from Canada.

• Achieved 14x growth in total gold production and 18x growth in EBITDA per share over 20 years, with a 13% compound annual return.

• Maintains a disciplined approach to capital allocation and project development, emphasizing value creation per share.

Growth pipeline and project updates

• Clear path to 20%-30% production growth over the next decade, targeting over 4 million ounces annually in the 2030s.

• Key growth projects include Detour Lake, Canadian Malartic, Upper Beaver, and Hope Bay, all leveraging existing infrastructure and regional expertise.

• Detour Lake and Canadian Malartic expected to each exceed 1 million ounces per year by the 2030s, driven by underground expansions and satellite operations.

• Upper Beaver and Hope Bay are advancing with phased approaches, aiming for initial production around 2030.

Capital allocation, risk management, and execution

• Employs phased investment strategies for major projects, allowing flexibility and risk mitigation.

• Largest execution risk is human capital, with plans to hire 10,000 people over five years; internal construction teams provide project delivery advantages.

• Maintains strong financial discipline, with projects self-funded through cash flow and a focus on sustaining dividends.