Agnico Eagle Mines (AEM) Investor presentation summary

Strategic rationale and consolidation benefits

• Consolidation in Finland's Central Lapland Greenstone Belt aligns with a strategy of building a multi-asset, multi-decade gold platform with significant upside potential.

• The combined platform targets approximately 500,000 ounces of annual gold production within the next decade, leveraging over 20 years of operational expertise.

• Consolidation is expected to generate up to C$500M in synergies, optimize project development, and extend mine life by integrating adjacent properties.

• The land package expands to 2,492 km², enhancing exploration and resource expansion opportunities across multiple targets.

• A comprehensive exploration program is planned to unlock district-scale potential.

Asset overview and operational highlights

• Kittila Mine, acquired in 2005, is the largest primary gold producer in Europe, with significant resource growth and deposits open at depth and along strike.

• As of December 31, 2025, Kittila holds 3.3 Moz Au in proven and probable reserves and produced approximately 225 koz Au annually.

• The consolidated platform will have 6.8 Moz Au in reserves/resources and aims for ~500 koz Au annual production.

• The workforce includes 900 employees and contractors, with €65M in wages and €250M in regional procurement spend in 2025.

Ikkari project and development plans

• Ikkari is a high-quality, advanced gold project with 3.5 Moz Au probable reserves and 4.1 Moz Au indicated resources (inclusive of reserves).

• A pre-feasibility study envisions open pit and underground operations, averaging 227 koz Au annual production over the first 10 years.

• Consolidation removes property boundaries, enabling pit extension, infrastructure optimization, and potential resource growth in the Ikkari-Helmi gap.

• Updated internal evaluation for optimized mine design is targeted by end of 2027, with permitting and baseline studies ongoing.

• A three-year regional exploration program is budgeted at C$60–100M, with 100,000–175,000m of drilling planned.