Agnico Eagle Mines (AEM) Corporate presentation summary

Strategic positioning and operational excellence

• Operates in premier mining jurisdictions across Canada, Finland, Mexico, and Australia, focusing on high-quality, low-risk gold production with a strategic regional approach and strong financial returns.

• Demonstrates a 20-year track record of increasing shareholder value, with gold production rising ~14x and share price CAGR of 12.9% from 2005 to 2025, outperforming gold equity indices and the S&P 500.

• Maintains a disciplined capital allocation strategy, targeting 40% of annual free cash flow returned to shareholders via dividends and buybacks, and strengthening the balance sheet with a net cash position of ~$3.3B.

Financial and operational highlights

• Achieved record free cash flow of $1.3B in Q2 2026, with record shareholder returns of ~$625M and a plan to return ~40% of annual free cash flow to shareholders.

• Q2 2026 gold production was 856 koz at total cash costs of $1,054/oz and AISC of $1,459/oz, with realized gold prices significantly higher year-over-year.

• Net income for Q2 2026 reached $1.6B, adjusted EBITDA $2.7B, and free cash flow $1.3B, reflecting strong cost discipline and operational performance.

Growth projects and exploration pipeline

• Advancing five key value driver projects, including Detour Lake, Canadian Malartic, Upper Beaver, Hope Bay, and San Nicolás, targeting 20–30% production growth over the next decade.

• Detour Lake and Canadian Malartic each have pathways to become 1Moz annual producers, with significant exploration and optimization underway.

• Hope Bay project approved with robust economics: 4.5Moz total gold production, $2.7B NPV, 19% IRR, and initial production expected in 2030.

• Consolidation of Finland’s Central Lapland Greenstone Belt completed, unlocking significant exploration upside and multi-decade platform potential.