Agnico Eagle Mines : First Quarter 2026 Results

NYSE & TSX: AEM

First Quarter 2026 Results

May 1, 2026

2

Strengthening Financial Position and Increasing Shareholder Returns

Returned ~$375 million directly to shareholders through dividends and the Normal Course Issuer Bid ("NCIB")

Targeting to return ~40% of annual free cash flow to shareholders*

Detour Lake

1

Record Financial Results Driven by Solid Operational Performance

Operations - performance in line with plan, production led by Detour Lake, Canadian Malartic and Fosterville

Record financial results -adjusted EBITDA and adjusted net income

Canadian Malartic

3

Building the

Foundations of Our Future Growth

Advancing construction, development and studies at 5 key value driver projects

Positive exploration results at key value driver projects

Proposed consolidation of the Central Lapland Greenstone Belt in Finland

Hope Bay

Q1 2026 Highlights - High-Quality, Consistent, Resilient Business

On Track to Achieve 2026 Gold Production

Q1 2026

825 koz2

Full Year

Production Guidance

3.3 - 3.5 Moz

Full Year Guidance

Total Cash Costs1 $1,020 - $1,120/oz

AISC1 $1,400 - $1,550/oz

* Through the dividend and NCIB

1 These are non-GAAP measures, see Notes to Investors Regarding Certain Measures of Performance in this presentation

2 Gold production excludes gold ounces from La India and Creston Mascota which were produced from residual leaching, see Notes to Investors Regarding Certain Measures of Performance in the appendix

NYSE & TSX: AEM

Q1 2026 RESULTS 3

Financial Highlights - Continuing to Deliver Leverage to Higher Gold Prices

	Q1 2026	Q1 2025
Realized Gold Price1 ($/oz)	$4,861	$2,891
Gold Production2 (koz)	825	874
Production Costs ($/oz)	$1,158	$879
Total Cash Costs3,4 ($/oz)	$1,093	$895
AISC3,4 ($/oz)	$1,483	$1,175
(in millions) Net Income	$1,695	$815
Adjusted Net Income3	$1,706	$770
Adjusted EBITDA3	$3,011	$1,590
Cash Provided by Operating Activities	$1,346	$1,044
Capital Expenditures3,5	$574	$419
Free Cash Flow3	$732	$594
(basic shares outstanding) Net Income per share	$3.39	$1.62
Adjusted Net Income per share3	$3.41	$1.53
Operating Cash Flow per share3	$2.69	$2.08

1,200

1,000

800

600

400

Gold Production and Total Cash Costs

Q24

2025

Q3 4

2025

Q4 4

2025

Q1 2026

Payable Gold Production (koz)

3

Total Cash Costs ($/oz)

$5.00

$4.00

$3.00

$2.00

$1.00

$-

Per Share Results

$3.41

$2.70

$1.94

$2.16

Q1 2026 - Operating cash flow per share reflects $1.3B tax

Q2

2025

Q3

2025

Q4

2025

Q1

2026

payment related to

3

Adjusted Net Income per Share

3

Operating Cash Flow per Share

1 Realized gold price is calculated as gold revenues from mining operations divided by the number of ounces sold

2 Gold production excludes gold ounces from La India and Creston Mascota which were produced from residual leaching, see Notes to Investors Regarding Certain Measures of Performance in the appendix

3 These are non-GAAP measures, see Notes to Investors Regarding Certain Measures of Performance in the appendix

4 Total cash costs per ounce for each quarter of 2025 have been restated using the Company's revised composition for periods commencing on or after January 1, 2026. Using the Company's composition of this measure for periods ending on or prior to December 31, 2025, total cash costs per ounce were $903, $933, $994 and $1,089 for Q1, Q2, Q3 and Q4 2025, respectively.

5 Includes capitalized exploration

2025 tax liability

NYSE & TSX: AEM

Q1 2026 RESULTS 4

Disciplined Approach to Capital Allocation

Shareholder Returns

Targeting to return 40% of annual free cash flow to shareholders Dividend

Q1 2026 Operating Cash Flow Allocation*

* Chart segments are indicative only

• Dividends paid since 1983

• Quarterly dividend of $0.45 per share Share Buyback

• Total share repurchases of $150M in Q1 2026

• Intention to renew the NCIB in May 2026 on substantially the same terms, with an increased internal purchase limit of $2B

Strengthening the Balance Sheet

Net cash1 position increased to ~$2.9B at the end of Q1 2026

Fitch Ratings upgraded the Company's long-term issuer default rating from BBB+ to A- in April 2026

Reinvestment in the Business

Investing in production growth at 5 key value driver projects

Dividend and Share Buyback

Strengthening the Balance Sheet

$1.3B

Sustaining

Capital

Reinvestment in the Business3

Cumulative returns to shareholders (1983 to Q1 2026):

~$6.0 billion2

Returned ~50% of free cash flow4 to shareholders in Q1 2026 through dividends and share buybacks

1 This is a non-GAAP measure, see Notes to Investors Regarding Certain Measures of Performance in the appendix

2 Calculated as $5.0B cumulative dividends declared since 1983 plus $944M cumulative shares repurchased under the NCIB since 2022

3 Includes growth capital and strategic investments

4 Free cash flow is calculated including the effect of changes in non-cash working capital balances; excluding the effect of changes in non-cash working capital balances equates to a return of ~23%

NYSE & TSX: AEM

Q1 2026 RESULTS 5

Operational Highlights - Quebec, Nunavut, Finland

Odyssey

Q1 2026 Results

Strong production led by Canadian Malartic and Meadowbank, partially offset by lower grades at LaRonde and lower mill throughput at Kittila

Production at Meliadine and Goldex in line with plan

First production achieved at East Gouldie via ramp, approximately three months ahead of schedule

Optimization Initiatives

Q1 2026

Region	Gold Prod. (koz)	Prod. Costs ($/oz)	TCC1 ($/oz)	Op. Margin1 ($M)
Quebec	277	$931	$998	$1,066
Nunavut	208	$1,335	$1,117	$694
Finland	49	$1,401	$1,313	$184

Continued advancement of automation initiatives at LaRonde, testing hauling ore tonnes with autonomous trucks from level 317 to level 290 in the East mine

Management and operational teams from several sites visited Finland to exchange best practices and learnings from Kittila's productivity initiatives

1 "TCC" represents Total Cast Costs and "Op. Margin" represents Operating Margin; these are non-GAAP measures, see Notes to Investors Regarding Certain Measures of Performance in the appendix

NYSE & TSX: AEM

Q1 2026 RESULTS 6

Pipeline Projects - Building Foundations for Decades of Production

Canadian Malartic

Pathway to 1Moz Annual Producer

Advancing development and infrastructure at East Gouldie

• First production via ramp achieved in Q1 2026

• First production via shaft expected in Q2 2027

Exploration drilling yields positive results at Odyssey and Marban, extending mineralization envelope

Hope Bay

Potential 400koz Annual Producer in Nunavut

Upgrading existing infrastructure and advancing site preparedness for potential redevelopment

Progressing technical evaluation, with detailed engineering expected to reach ~55% prior to potential construction decision in May 2026

Continued exploration success at Patch 7

NYSE & TSX: AEM

Q1 2026 RESULTS 7

Operational Highlights - Ontario, Australia, Mexico

Detour Lake

Q1 2026 Results

Strong production led by Detour Lake and Fosterville

Record quarterly tonnes extracted from open pit, combined with strong mill performance at Detour Lake

Record quarterly mill throughput at Macassa, despite challenges related to paste fill system

Solid underground performance at Fosterville resulting in additional development and ore tonnes mined

Q1 2026

Optimization Initiatives

Region	Gold Prod. (koz)	Prod. Costs ($/oz)	TCC1 ($/oz)	Op. Margin1 ($M)
Ontario	233	$1,035	$1,041	$1,010
Australia	41	$1,098	$1,123	$135
Mexico2	18	$3,746	$2,311	$56

Received permit to process AK ore from Macassa at LaRonde, unlocking incremental value through regional operating synergies

Continuing to advance LTE implementation at Macassa, supporting various optimization initiatives including the management operating system and tele-remote operation

1 "TCC" represents Total Cast Costs and "Op. Margin" represents Operating Margin; these are non-GAAP measures, see Notes to Investors Regarding Certain Measures of Performance in the appendix

2 Excludes gold ounces from La India and Creston Mascota which were produced from residual leaching, see Notes to Investors Regarding Certain Measures of Performance in the appendix

NYSE & TSX: AEM

Q1 2026 RESULTS 8

Pipeline Projects - Advancing Next Phase of Growth

Detour Lake

Pathway to 1Moz Annual Producer

Advancing exploration ramp and commenced overburden excavation of conveyor-ramp portal

Commenced high-intensity drilling program in west zone near the planned exploration ramp

Drilling further defined high-grade domains and west extension zone

Upper Beaver

Annual Producer with 200koz+ in Kirkland Lake Camp

Development of exploration ramp and exploration shaft continue to advance ahead of schedule

High-intensity drilling program targeting zone at 500-600m depth to complement bulk sample at the 760-metre level

San Nicolás

50% Joint Venture with Teck Resources

Cu-Zn-Ag-Au deposit located in Zacatecas, Mexico

MIA-R and ETJ permits completed, regulatory decision pending

Targeting 50% completion of engineering by mid-year 2026

NYSE & TSX: AEM

Q1 2026 RESULTS 9

Odyssey - Growing a World-Class Asset

East Gouldie deposit - Drilling continues to yield positive results in the upper eastern and deeper areas of the East Gouldie deposit

Odyssey North - Conversion drilling encountered significant mineralization in the lower portion of the porphyry in the internal zones

Highlights Intercepts

East Gouldie - 3.0 g/t gold over 14.7m at 999m depth East Gouldie - 6.7 g/t gold over 36.0m at 1,089m depth

Odyssey internal zone - 9.0 g/t gold over 53.5m (core length) at 1,067m depth

NYSE & TSX: AEM

Q1 2026 RESULTS 10

West Pit zone - Commenced high-intensity drilling program from surface to test the proposed underground bulk sample area near the planned exploration ramp, to validate the continuity of mineralization and improve the accuracy of the geological model

West Extension zone - Drilling continued to extend the underground mineral potential to the west

Highlights Intercepts

West Pit zone - 8.9 g/t gold over 14.1m at 187m depth

West Extension zone - 10.7 g/t gold over 10.1m at 497m depth West Extension zone - 2.6 g/t gold over 27.4m at 669m depth West Extension zone - 28.0 g/t gold over 4.4m at 734m depth

NYSE & TSX: AEM

Q1 2026 RESULTS 11

Creating a Multi-Decade, Multi-Asset Platform

Regional consolidation enhancing the Finland platform Unlocks significant value at Ikkari

Consolidates a highly prospective land package that will total approx. 2,492 km2 (including 279 km2 at Kittila)

Significant Exploration Upside

Consolidated land package has significant potential for

2

4 mineral resource expansion and new discoveries

1

3 Main areas of interest for an initial 3-year exploration program:

1▪ The Ikkari-Helmi gap area - from the property boundary between Rupert and the Fingold JV

2▪ The broader Ikkari trend

3▪ Aurion's Risti property and Fingold JV

4▪ The Area 51 target on Rupert's property, with targets analogous to Cu-Ni-PGE deposits nearby

NYSE & TSX: AEM

Q1 2026 RESULTS 12

Low-Risk Mining Jurisdictions

Highest Quality Senior Gold Producer

Strategic Regional Focus

Strong Financial Returns

Multi-mine, multi-decade geologic potential

Multi-decade political stability

Regional focus maintaining a manageable business

High sustainability standards with multi-decade investment horizon

Disciplined capital investments based on technical and regional knowledge

Creating value through the drill bit and technical expertise

High-quality project pipeline in core operating regions with unique potential to leverage existing assets

Competitive advantage from over 60 years of operations in Canada

Unique mining expertise in Nunavut

Emphasis on per share value creation

Strong financial position to fund growth projects, strengthen balance sheet and return capital to shareholders

43 consecutive years of dividend payments

NYSE & TSX: AEM

Q1 2026 RESULTS 13

Appendix

	As at December 31, 2025			As at December 31, 2024
Category	Tonnes (000s)	Grade (g/t Au)	Contained Gold (000s oz)	Tonnes (000s)	Grade (g/t Au)	Contained Gold (000s oz)
Mineral Reserves
Proven	212,796	0.98	6,731	215,249	0.93	6,433
Probable	1,116,755	1.36	48,711	1,061,639	1.40	47,852
Total Proven & Probable	1,329,551	1.30	55,442	1,276,888	1.32	54,284
Mineral Resources
Measured	113,254	1.28	4,656	111,028	1.23	4,397
Indicated	1,086,470	1.21	42,420	1,056,019	1.14	38,553
Total Measured & Indicated	1,199,724	1.22	47,076	1,167,047	1.14	42,950
Total Inferred	522,289	2.49	41,815	451,483	2.49	36,208

* See AEM February 12, 2026 news release for further details on the mineral reserves and mineral resources as at December 31, 2025

NYSE & TSX: AEM

Q1 2026 RESULTS 15

Gold	Mining Method*	000 Tonnes	g/t	000 Oz Au	000 Tonnes	g/t	000 Oz Au	000 Tonnes	g/t	000 Oz Au	Metallurgical Recovery (%)
LaRonde mine1	U/G	2,469	4.65	369	8,158	6.06	1,590	10,627	5.73	1,959	94.4
LaRonde Zone 52	U/G	6,405	2.02	415	6,800	2.17	474	13,205	2.09	889	94.5
LaRonde Total		8,874	2.75	784	14,959	4.29	2,064	23,832	3.72	2,848
Canadian Malartic mine3	O/P	36,896	0.50	597	21,697	1.22	852	58,594	0.77	1,449	88.8
Marban deposit4		-	-	-	51,618	0.95	1,577	51,618	0.95	1,577	90.0
Odyssey deposit5	U/G	29	2.37	2	4,758	2.12	325	4,787	2.12	327	95.0
East Gouldie6	U/G	-	-	-	54,943	3.23	5,699	54,943	3.23	5,699	94.4
Odyssey Mine Total		29	2.37	2	59,701	3.14	6,024	59,730	3.14	6,026
Canadian Malartic Total		36,925	0.50	599	133,016	1.98	8,453	169,941	1.66	9,052
Goldex7	U/G	6,255	1.48	298	9,065	1.68	488	15,320	1.60	786	85.9
Akasaba West8	O/P	969	0.82	26	2,807	0.96	86	3,777	0.92	112	77.6
Goldex Total		7,225	1.39	324	11,872	1.51	575	19,097	1.46	898
Wasamac	U/G	-	0.00	-	14,757	2.90	1,377	14,757	2.90	1,377	89.7
Quebec Total		53,023	1.00	1,707	174,603	2.22	12,468	227,626	1.94	14,175
Detour Lake (At or above 0.5 g/t)	O/P	66,690	1.08	2,313	434,448	0.90	12,641	501,138	0.93	14,954	88.4
Detour Lake (Below 0.5 g/t)	O/P	53,681	0.42	722	243,242	0.37	2,899	296,923	0.38	3,621	88.4
Detour Lake Total9		120,371	0.78	3,035	677,690	0.71	15,540	798,061	0.72	18,575
Macassa10	U/G	612	10.43	205	6,013	8.68	1,678	6,625	8.84	1,883	95.9
Macassa Near Surface11	U/G	3	2.11	-	80	3.91	10	84	3.84	10	93.5
AK deposit12	U/G	126	4.35	18	1,975	4.54	288	2,101	4.53	306	93.5
Macassa Total		742	9.36	223	8,068	7.62	1,976	8,810	7.77	2,200
Upper Beaver	O/P	-	-	-	3,235	1.82	189	3,235	1.82	189	95.5
Upper Beaver	U/G	-	-	-	19,946	4.02	2,579	19,946	4.02	2,579	95.5
Upper Beaver Total13		-	-	-	23,181	3.71	2,768	23,181	3.71	2,768
Hammond Reef14	O/P	-	-	-	123,473	0.84	3,323	123,473	0.84	3,323	89.8
Ontario Total		121,113	0.84	3,258	832,412	0.88	23,607	953,524	0.88	26,865
Amaruq	O/P	8,048	1.26	327	7,364	3.17	750	15,412	2.17	1,077	90.5
Amaruq	U/G	81	4.22	11	2,221	5.12	366	2,302	5.09	377	90.5
Meadowbank Total15		8,129	1.29	338	9,585	3.62	1,116	17,714	2.55	1,454
Meliadine	O/P	1,142	4.24	156	4,291	3.64	503	5,433	3.77	658	96.0
Meliadine	U/G	2,962	6.32	602	13,680	5.37	2,362	16,642	5.54	2,964	96.0
Meliadine Total16		4,104	5.74	757	17,971	4.96	2,864	22,075	5.10	3,622
Hope Bay17	U/G	93	6.77	20	16,086	6.53	3,376	16,178	6.53	3,396	87.5
Nunavut Total		12,325	2.82	1,116	43,642	5.24	7,356	55,967	4.71	8,472
Fosterville18	U/G	887	5.41	154	9,516	4.95	1,516	10,403	4.99	1,670	92.0
Australia Total		887	5.41	154	9,516	4.95	1,516	10,403	4.99	1,670
Kittila19	U/G	931	4.66	140	23,818	4.15	3,179	24,749	4.17	3,319	86.0
Europe Total		931	4.66	140	23,818	4.15	3,179	24,749	4.17	3,319
Pinos Altos	O/P	26		1	1,629	1.00	53	1,656	1.00	53	93.6
Pinos Altos	U/G	633	2.06	42	2,374	2.29	175	3,007	2.24	216	94.2
Pinos Altos Total20		659	2.00	42	4,003	1.76	227	4,662	1.80	269
San Nicolás (50%)21	O/P	23,858	0.41	314	28,761	0.39	358	52,619	0.40	672	17.6
Mexico Total		24,517	0.45	357	32,764	0.56	585	57,281	0.51	941
Total Gold		212,796	0.98	6,731	1,116,755	1.36	48,711	1,329,551	1.30	55,442

Operation / Project

Proven

Mineral Reserves as at December 31, 2025

Probable

Proven & Probable

NYSE & TSX: AEM

Q1 2026 RESULTS 16

	Mineral Reserves as at December 31, 2025
	Operation / Project		Proven		Probable		Proven & Probable
	Silver	Mining Method*	000 Tonnes g/t	000 Oz Ag	000 Tonnes g/t	000 Oz Ag	000 Tonnes	g/t	000 Oz Ag	Metallurgical
										Recovery (%)
	LaRonde mine Pinos Altos Pinos Altos Pinos Altos Total San Nicolás (50%)	U/G O/P U/G O/P	2,469 10.46	830	8,158 20.75	5,443	10,627	18.36	6,273	78.1
			26 8.57	7	1,629 34.82	1,824	1,656	34.40	1,831	44.5
			633 45.29	922	2,374 27.30	2,083	3,007	31.09	3,005	50.0
			659 43.81	929	4,003 30.36	3,907	4,662	32.26	4,836
			23,858 23.93	18,356	28,761 20.91	19,333	52,619	22.28	37,689	38.6
	Total Silver		26,986 23.18	20,116	40,923 21.80	28,682	67,909	22.35	48,798
	Copper	Mining Method*	000 Tonnes %	Tonnes Cu	000 Tonnes %	Tonnes Cu	000 Tonnes % Tonnes Cu Metallurgical
							Recovery (%)
	LaRonde mine Akasaba West Upper Beaver Upper Beaver Upper Beaver Total San Nicolás (50%)	U/G O/P O/P U/G O/P	2,469 0.17	4,081	8,158 0.30	24,751	10,627	0.27	28,831	82.8
			969 0.48	4,640	2,807 0.53	14,810	3,777	0.51	19,451	79.0
			- -	-	3,235 0.14	4,477	3,235	0.14	4,477	79.2
			- -	-	19,946 0.25	50,453	19,946	0.25	50,453	79.2
			- -	-	23,181 0.24	54,930	23,181	0.24	54,930
			23,858 1.26	299,809	28,761 1.01	291,721	52,619	1.12	591,530	78.2
	Total Copper		27,296 1.13	308,530	62,908 0.61	386,213	90,204	0.77	694,743
	Zinc	Mining Method*	000 Tonnes %	Tonnes Zn	000 Tonnes %	Tonnes Zn	000 Tonnes % Tonnes Zn Metallurgical
							Recovery (%)
	LaRonde mine	U/G	2,469 0.36	8,951	8,158 1.09	88,811	10,627	0.92	97,762	70.2
	San Nicolás (50%)	O/P	23,858 1.61	383,313	28,761 1.37	394,115	52,619	1.48	777,428	80.9
	Total Zinc		26,327 1.49	392,263	36,920 1.31	482,926	63,246	1.38	875,190
*Open Pit ("O/P"), Underground ("U/G") 1 LaRonde mine: Net smelter value cut-off varies according to mining type and depth, not less than C$95/t for LP1 (Area 11-3) and not less than C$228/t for LaRonde. 2 LaRonde Zone 5: Gold cut-off grade varies according to stope size and depth, not less than 1.46 g/t. 3 Canadian Malartic: Gold cut-off grade is 0.35 g/t. 4 Marban deposit: Gold cut-off grade is 0.31 g/t. 5 Odyssey deposit: Gold cut-off grade varies according to mining zone and depth, not less than 1.44 g/t. 6 East Gouldie: Gold cut-off grade not less than 1.57 g/t. 7 Goldex: Gold cut-off grade varies according to mining type and depth, not less than 1.00 g/t. 8 Akasaba West: Net smelter value cut-off varies, not less than C$33.28/t. 9 Detour Lake: Gold cut-off grade is 0.27 g/t. 10 Macassa: Gold cut-off grade varies according to mining type, not less than 3.35 g/t for long hole method and 3.78 g/t for cut and fill method. 11 Macassa Near Surface deposit: Gold cut-off grade not less than 2.10 g/t. 12 Amalgamated Kirkland ("AK") deposit: Gold cut-off grade not less than 2.10 g/t. 13 Upper Beaver: Net smelter value cut-off varies according to mining type, not less than C$118.17/t for underground and C$43.49/t for open pit. 14 Hammond Reef: Gold cut-off grade is 0.41 g/t. 15 Amaruq: Gold cut-off grade varies according to mining type, not less than 0.98 g/t for open pit mineral reserves and 3.05 g/t for underground mineral reserves (gold cut-off grade for marginal underground mineral reserves from development is 1.17 g/t). 16 Meliadine: Gold cut-off grade varies according to mining type, not less than 1.50 g/t for open pit mineral reserves and 3.90 g/t for underground mineral reserves (gold cut-off grade for marginal underground mineral reserves from development is 1.50 g/t). 17 Hope Bay: Gold cut-off grade not less than 4.00 g/t. 18 Fosterville: Gold cut-off grade varies according to mining zone and type, not less than 3.00 g/t. 19 Kittila: Gold cut-off grade varies according to haulage distance, not less than 2.63 g/t. 20 Pinos Altos: Net smelter value cut-off varies according to mining zone and type, not less than C$25.44/t for open pit mineral reserves and US$85.97/t for the underground mineral reserves. 21 San Nicolás (50%): Net smelter return cut-off values for low zinc/copper ore of $9.71/t and for high zinc/copper ore of $13.15/t.

NYSE & TSX: AEM

Q1 2026 RESULTS 17

NYSE & TSX: AEM

Q1 2026 RESULTS 18

Mineral Resources as at December 31, 2025
Operation / Project		Measured			Indicated			Mesaured & Indicated			Inferred
Gold	Mining Method	000 Tonnes	g/t	000 Oz Au	000 Tonnes	g/t	000 Oz Au	000 Tonnes	g/t	000 Oz Au	000 Tonnes	g/t	000 Oz Au
LaRonde mine LaRonde Zone 5 LaRonde Total Canadian Malartic mine Marban deposit Marban deposit Marban regional Marban regional Odyssey deposit East Malartic East Gouldie Odyssey Mine Total Canadian Malartic Total Goldex Akasaba West Akasaba West Goldex Total Akasaba regional Wasamac	U/G	-	-	-	6,457	3.59	746	6,457	3.59	746	1,366	6.03	265
	U/G	-	-	-	24,207	1.93	1,506	24,207	1.93	1,506	11,677	3.00	1,127
		-	-	-	30,664	2.28	2,251	30,664	2.28	2,251	13,043	3.32	1,392
	O/P	-	-	-	-	-	-	-	-	-	5,011	0.73	118
	O/P	-	-	-	3,875	0.51	63	3,875	0.51	63	2,956	0.66	63
	U/P	-	-	-	-	-	-	-	-	-	4,544	2.14	313
	O/P	-	-	-	14,794	1.22	582	14,794	1.22	582	11,272	1.08	390
	U/P	-	-	-	296	3.36	32	296	3.36	32	183	3.37	20
	U/G	-	-	-	4,493	1.63	236	4,493	1.63	236	20,176	2.23	1,445
	U/G	-	-	-	48,216	1.92	2,976	48,216	1.92	2,976	63,275	1.89	3,835
	U/G	-	-	-	5,048	1.42	230	5,048	1.42	230	94,278	2.43	7,372
		-	-	-	57,757	1.85	3,442	57,757	1.85	3,442	177,729	2.21	12,652
		-	-	-	76,723	1.67	4,120	76,723	1.67	4,120	201,694	2.09	13,556
	U/G	12,360	1.86	739	21,245	1.45	988	33,604	1.60	1,727	17,951	1.46	842
	O/P	-	-	-	130	0.38	2	130	0.38	2	-	-	-
	U/P	-	-	-	-	-	-	-	-	-	966	1.60	50
		12,360	1.86	739	21,374	1.44	989	33,734	1.59	1,728	18,917	1.47	892
	U/G	-	-	-	-	-	-	-	-	-	3,052	3.24	318
	U/G	-	-	-	9,479	2.19	667	9,479	2.19	667	3,911	2.48	312
Quebec Total		12,360	1.86	739	138,241	1.81	8,027	150,601	1.81	8,766	240,618	2.13	16,469
Detour Lake	O/P	35,300	1.16	1,312	587,007	0.66	12,373	622,307	0.68	13,685	51,442	1.38	2,290
Detour Lake	U/G	-	-	-	52,924	2.04	3,472	52,924	2.04	3,472	59,549	2.03	3,878
Detour Lake Zone 58N	U/G	-	-	-	2,868	5.80	534	2,868	5.80	534	973	4.35	136
Detour Lake Total		35,300	1.16	1,312	642,798	0.79	16,379	678,098	0.81	17,691	111,964	1.75	6,304
Macassa	U/G	379	10.30	125	2,818	5.85	530	3,197	6.38	656	5,448	7.00	1,226
Macassa Near Surface	U/G	-	-	-	59	4.02	8	59	4.02	8	309	3.99	40
AK deposit	U/G	-	-	-	212	2.53	17	212	2.53	17	308	3.40	34
Macassa Total		379	10.30	125	3,090	5.59	555	3,469	6.10	681	6,066	6.66	1,299
Aquarius	O/P	-	-	-	12,364	2.15	856	12,364	2.15	856	122	3.59	14
Holt complex	U/G	5,806	4.29	800	5,884	4.75	898	11,690	4.52	1,699	9,097	4.48	1,310
Anoki-McBean	U/G	-	-	-	3,919	2.77	349	3,919	2.77	349	867	3.84	107
Upper Beaver	O/P	-	-	-	54	0.87	2	54	0.87	2	-	-	-
Upper Beaver	U/G	-	-	-	7,510	2.04	493	7,510	2.04	493	2,953	4.12	391
Upper Beaver Total		-	-	-	7,564	2.03	495	7,564	2.03	495	2,953	4.12	391
Upper Canada	O/P	-	-	-	1,477	1.66	79	1,477	1.66	79	1,408	1.47	66
Upper Canada	U/G	-	-	-	9,546	2.40	738	9,546	2.40	738	22,736	2.93	2,145
Upper Canada Total		-	-	-	11,024	2.30	817	11,024	2.30	817	24,143	2.85	2,211
Hammond Reef	O/P	47,063	0.54	819	86,304	0.53	1,478	133,367	0.54	2,298	-	-	-
Ontario Total		88,548	1.07	3,057	772,946	0.88	21,829	861,494	0.90	24,885	155,212	2.33	11,636

Mineral Resources as at December 31, 2025
Operation / Project		Measured			Indicated			Mesaured & Indicated			Inferred
Gold	Mining Method	000 Tonnes	g/t	000 Oz Au	000 Tonnes	g/t	000 Oz Au	000 Tonnes	g/t	000 Oz Au	000 Tonnes	g/t	000 Oz Au
Amaruq	O/P	-	-	-	2,488	3.03	242	2,488	3.03	242	190	2.87	18
Amaruq	U/G	-	-	-	8,887	3.83	1,094	8,887	3.83	1,094	5,750	4.14	765
Meadowbank Total		-	-	-	11,374	3.65	1,336	11,374	3.65	1,336	5,940	4.10	783
Meliadine	O/P	288	2.82	26	5,705	2.72	499	5,994	2.73	525	710	4.22	96
Meliadine	U/G	1,662	3.80	203	12,928	3.65	1,515	14,590	3.66	1,719	14,036	5.28	2,382
Meliadine Total		1,951	3.66	229	18,634	3.36	2,015	20,584	3.39	2,244	14,746	5.23	2,478
Hope Bay	U/G	-	-	-	14,946	4.61	2,217	14,946	4.61	2,217	16,868	5.98	3,246
Nunavut Total		1,951	3.66	229	44,954	3.85	5,567	46,905	3.84	5,797	37,555	5.39	6,507
Fosterville	O/P	651	4.06	85	10,702	3.76	1,293	11,353	3.77	1,377	13,328	4.19	1,795
Fosterville	U/G	337	3.72	40	16,203	1.41	732	16,539	1.45	772	13,255	1.75	745
Fosterville Total		-	-	-	4,470	4.75	683	4,470	4.75	683	5,807	4.11	767
Northern Territory	O/P	337	3.72	40	20,672	2.13	1,415	21,009	2.15	1,455	19,062	2.47	1,512
Northern Territory	U/G	987	3.94	125	31,374	2.68	2,707	32,362	2.72	2,832	32,391	3.18	3,307
Northern Territory Total		-	-	-	-	-	-	-	-	-	373	3.89	47
Australia Total		4,669	2.87	431	17,874	2.81	1,617	22,544	2.83	2,048	6,209	4.66	930
Kittila	O/P	4,669	2.87	431	17,874	2.81	1,617	22,544	2.83	2,048	6,582	4.62	977
Kittila	U/G	-	-	-	3,178	1.08	111	3,178	1.08	111	2,260	1.25	91
Kittila Total		-	-	-	1,158	1.77	66	1,158	1.77	66	13,552	2.10	914
Barsele (55%)	O/P	-	-	-	4,335	1.27	176	4,335	1.27	176	15,811	1.98	1,005
Barsele (55%)	U/G	4,669	2.87	431	22,210	2.51	1,794	26,879	2.57	2,224	22,393	2.75	1,982
Barsele (55%) Total1		-	-	-	2,488	3.03	242	2,488	3.03	242	190	2.87	18
Europe Total		-	-	-	8,887	3.83	1,094	8,887	3.83	1,094	5,750	4.14	765
Pinos Altos	O/P	-	-	-	1,530	0.90	44	1,530	0.90	44	154	0.57	3
Pinos Altos	U/G	-	-	-	12,659	2.14	872	12,659	2.14	872	1,378	2.04	90
Pinos Altos Total		-	-	-	14,189	2.01	916	14,189	2.01	916	1,533	1.89	93
La India	O/P	4,478	0.52	74	880	0.53	15	5,358	0.52	89	-	-	-
San Nicolás (50%)	O/P	261	0.08	1	3,037	0.20	19	3,297	0.19	20	2,468	0.13	10
Tarachi	O/P	-	-	-	19,290	0.58	361	19,290	0.58	361	242	0.52	4
Chipriona	O/P	-	-	-	11,652	0.77	287	11,652	0.77	287	1,284	0.63	26
El Barqueño Gold	O/P	-	-	-	8,431	1.24	335	8,431	1.24	335	9,696	1.12	349
Santa Gertrudis	O/P	-	-	-	19,267	0.91	563	19,267	0.91	563	9,819	1.36	429
Santa Gertrudis	U/G	-	-	-	-	-	-	-	-	-	9,079	3.44	1,004
Santa Gertrudis Total		-	-	-	19,267	0.91	563	19,267	0.91	563	18,898	2.36	1,433
Mexico Total		4,739	0.49	75	76,746	1.01	2,496	81,485	0.98	2,571	34,120	1.75	1,915
Total Gold		113,254	1.28	4,656	1,086,470	1.21	42,420	1,199,724	1.22	47,076	522,289	2.49	41,815

NYSE & TSX: AEM

Q1 2026 RESULTS 19

Mineral Resources as at December 31, 2025
Operation / Project		Measured			Indicated			Mesaured & Indicated			Inferred
Silver	Mining Method	000 Tonnes	g/t	000 Oz Ag	000 Tonnes	g/t	000 Oz Ag	000 Tonnes	g/t	000 Oz Ag	000 Tonnes	g/t	000 Oz Ag
LaRonde mine	U/G	-	-	-	6,457	14.92	3,097	6,457	14.92	3,097	1,366	15.50	680
Pinos Altos	O/P	-	-	-	1,530	20.28	997	1,530	20.28	997	154	13.90	69
Pinos Altos	U/G	-	-	-	12,659	54.77	22,294	12,659	54.77	22,294	1,378	48.42	2,146
Pinos Altos Total		-	-	-	14,189	51.05	23,291	14,189	51.05	23,291	1,533	44.95	2,215
La India	O/P	4,478	2.72	391	880	2.58	73	5,358	2.70	464	-	-	-
San Nicolás (50%)	O/P	261	6.40	54	3,037	11.86	1,158	3,297	11.43	1,211	2,468	9.26	735
Chipriona	O/P	-	-	-	11,652	100.69	37,722	11,652	100.69	37,722	1,284	76.97	3,176
El Barqueño Silver	O/P	-	-	-	-	-	-	-	-	-	4,462	121.28	17,399
El Barqueño Gold	O/P	-	-	-	8,431	5.15	1,396	8,431	5.15	1,396	9,696	16.00	4,989
Santa Gertrudis	O/P	-	-	-	19,267	3.66	2,269	19,267	3.66	2,269	9,819	1.85	585
Santa Gertrudis	U/G	-	-	-	-	-	-	-	-	-	9,079	23.31	6,803
Santa Gertrudis Total		-	-	-	19,267	3.66	2,269	19,267	3.66	2,269	18,898	12.16	7,389
Total Silver		4,739	2.92	445	63,913	33.58	69,005	68,652	31.47	69,450	39,705	28.66	36,582
Copper	Mining Method	000 Tonnes % Tonnes Cu			000 Tonnes % Tonnes Cu			000 Tonnes % Tonnes Cu			000 Tonnes % Tonnes Cu
LaRonde mine	U/G	-	-	-	6,457	0.15	9,387	6,457	0.15	9,387	1,366	0.26	3,526
Akasaba West	O/P	-	-	-	130	0.16	205	130	0.16	205	-	-	-
Akasaba West	U/P	-	-	-	-	-	-	-	-	-	966	0.88	8,451
Akasaba West Total		-	-	-	130	0.16	205	130	0.16	205	966	0.88	8,451
Upper Beaver	O/P	-	-	-	54	0.10	56	54	0.10	56	-	-	-
Upper Beaver	U/G	-	-	-	7,510	0.16	12,063	7,510	0.16	12,063	2,953	0.36	10,649
Upper Beaver Total		-	-	-	7,564	0.16	12,118	7,564	0.16	12,118	2,953	0.36	10,649
San Nicolás (50%)	O/P	261	1.35	3,526	3,037	1.17	35,489	3,297	1.18	39,015	2,468	0.94	23,144
Chipriona	O/P	-	-	-	11,652	0.16	18,768	11,652	0.16	18,768	1,284	0.11	1,377
El Barqueño Gold	O/P	-	-	-	8,431	0.21	17,650	8,431	0.21	17,650	9,696	0.22	21,555
El Barqueño Silver	O/P	-	-	-	-	-	-	-	-	-	4,462	0.04	1,852
Total Copper		261	1.35	3,526	37,270	0.25	93,617	37,531	0.26	97,143	23,193	0.30	70,555
Zinc	Mining Method	000 Tonnes % Tonnes Zn			000 Tonnes % Tonnes Zn			000 Tonnes % Tonnes Zn			000 Tonnes % Tonnes Zn
LaRonde mine	U/G	-	-	-	6,457	0.98	63,087	6,457	0.98	63,087	1,366	0.43	5,856
San Nicolás (50%)	O/P	261	0.39	1,012	3,037	0.71	21,618	3,297	0.69	22,630	2,468	0.62	15,355
Chipriona	O/P	-	-	-	11,652	0.87	101,211	11,652	0.87	101,211	1,284	0.72	9,178
Total Zinc		261	0.39	1,012	21,146	0.88	185,916	21,407	0.87	186,928	5,117	0.59	30,389

1 On January 28, 2026, Agnico Eagle entered into an agreement to sell its 55% interest in the Barsele project to Goldsky Resources Corp., with the closing of the transaction expected on or prior to June 30, 2026 (see AEM January 28, 2026 news release)

NYSE & TSX: AEM

Q1 2026 RESULTS 20