Agnico Eagle Mines (AEM) Corporate presentation summary

Transaction overview

• Acquisition of all issued and outstanding shares of O3 Mining via a friendly take-over bid at C$1.67 per share, totaling C$204 million in cash on a fully diluted basis.

• Unanimous approval from O3 Mining's Board and support agreements covering 22% of shares, with a minimum tender condition of 66 2/3%.

• Not subject to financing or due diligence conditions; includes a C$10M break fee and a 5-day right to match.

• Regulatory and government approvals required; closing expected in Q1 2025.

• Only shareholders who tender their shares will receive the cash consideration.

Strategic rationale and regional integration

• Expands land package in the Abitibi region by 128,680 hectares, supporting a "Fill-the-Mill" strategy at Canadian Malartic.

• Marban deposit, located 13km from Canadian Malartic, could add ~130koz gold annually from 2033, utilizing up to 15ktpd of mill capacity.

• Acquisition leverages operational and exploration expertise, creating synergies with existing assets and consolidating core operations in a world-class gold belt.

• Over 50 years of experience in the region, with strong relationships and logistical advantages.

• Robust pipeline includes Detour Lake, Odyssey expansion, Upper Beaver, and Wasamac projects.

Marban project details and development timeline

• Marban is a high-quality, advanced gold exploration project with indicated resources of 1,736koz and inferred resources of 32koz.

• Open-pit operations could begin after depletion of the Barnat pit, with first production as early as 2033.

• Further conversion drilling and studies planned for 2025; permitting activities expected to start late 2025 or early 2026.

• Development of open-pit construction and pre-stripping could begin as early as 2031.

• Mineral reserve estimate for Marban Alliance project: 56,437kt at 0.91 g/t Au, containing 1,647koz gold (as of August 17, 2022).