BofA Securities 2024 Global Metals Mining and Steel Conference FINAL

BofA Global Metals, Mining and Steel Conference
May 14-15, 2024

Forward-Looking Statements
The information in this presentation has been prepared as at May 7, 2024. Certain statements contained in this presentation constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of
1995 and "forward-looking information" under the provisions of Canadian provincial securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, that address circumstances, events,
activities or developments that could, or may or will occur are forward-looking statements. When used in this presentation, the words "achieve", "aim", "anticipate", "could", "estimate", "expect", "forecast", "future", "plan", "possible", "potential",
"schedule", "target", "tracking", "will", and similar expressions are intended to identify forward-looking statements. Such statements include, without limitation: the Company's forward-looking guidance, including metal production, estimated ore grades,
recovery rates, project timelines, drilling targets or results, life of mine estimates, total cash costs per ounce, AISC per ounce, minesite costs per tonne, other expenses and cash flows; the potential for additional gold production at the Company's sites;
the estimated timing and conclusions of the Company's studies and evaluations; the methods by which ore will be extracted or processed; the Company's expansion plans at Detour Lake, Meliadine Phase 2, the Amaruq underground project and the
Odyssey project, including the timing, funding, completion and commissioning thereof and the commencement of production therefrom; the Company's plans at the Hope Bay project; statements concerning other expansion projects, recovery rates,
mill throughput, optimization efforts and projected exploration, including costs and other estimates upon which such projections are based; timing and amounts of capital expenditures, other expenditures and other cash needs, and expectations as to
the funding thereof; estimates of future mineral reserves, mineral resources, mineral production and sales; the projected development of certain ore deposits, including estimates of exploration, development and production and other capital costs and
estimates of the timing of such exploration, development and production or decisions with respect to such exploration, development and production; anticipated cost inflation and its effect on the Company's costs and results; estimates of mineral
reserves and mineral resources and the effect of drill results on future mineral reserves and mineral resources; the Company's ability to obtain the necessary permits and authorizations in connection with its proposed or current exploration,
development and mining operations and the anticipated timing thereof; future exploration; the anticipated timing of events with respect to the Company's mine sites; the sufficiency of the Company's cash resources; the Company's plans with respect to
hedging and the effectiveness of its hedging strategies; future activity with respect to the Company's unsecured revolving bank credit facility, the term loan facility and other indebtedness; future dividend amounts, record dates and payment dates; and
anticipated trends with respect to the Company's operations, exploration and the funding thereof. Such statements reflect the Company's views as at the date of this presentation and are subject to certain risks, uncertainties and assumptions, and
undue reliance should not be placed on such statements. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are
inherently subject to significant business, economic and competitive uncertainties and contingencies. The material factors and assumptions used in the preparation of the forward-looking statements contained herein, which may prove to be incorrect,
include, but are not limited to, the assumptions set forth herein and in management's discussion and analysis ("MD&A") and the Company's Annual Information Form ("AIF") for the year ended December 31, 2023 filed with Canadian securities
regulators and that are included in its Annual Report on Form 40-F for the year ended December 31, 2023 ("Form 40-F") filed with the U.S. Securities and Exchange Commission (the "SEC") as well as: that there are no significant disruptions affecting
operations; that production, permitting, development, expansion and the ramp-up of operations at each of Agnico Eagle's properties proceeds on a basis consistent with current expectations and plans; that the relevant metal prices, foreign exchange
rates and prices for key mining and construction inputs (including labour and electricity) will be consistent with Agnico Eagle's expectations; that Agnico Eagle's current estimates of mineral reserves, mineral resources, mineral grades and metal
recovery are accurate; that there are no material delays in the timing for completion of ongoing growth projects; that seismic activity at the Company's operations at LaRonde, Goldex and other properties is as expected by the Company and that the
Company's efforts to mitigate its effect on mining operations are successful; that the Company's current plans to optimize production are successful; that there are no material variations in the current tax and regulatory environment; that governments,
the Company or others do not take measures in response to pandemics or other health emergencies or otherwise that, individually or in the aggregate, materially affect the Company's ability to operate its business or its productivity; and that measures
taken relating to, or other effects of, pandemics or other health emergencies do not affect the Company's ability to obtain necessary supplies and deliver them to its mine sites. Many factors, known and unknown, could cause the actual results to be
materially different from those expressed or implied by such forward-looking statements. Such risks include, but are not limited to: the volatility of prices of gold and other metals; uncertainty of mineral reserves, mineral resources, mineral grades and
mineral recovery estimates; uncertainty of future production, project development, capital expenditures and other costs; foreign exchange rate fluctuations; inflationary pressures; financing of additional capital requirements; cost of exploration and
development programs; seismic activity at the Company's operations, including the LaRonde complex and Goldex complex; mining risks; community protests, including by Indigenous groups; risks associated with foreign operations; governmental and
environmental regulation; the volatility of the Company's stock price; risks associated with the Company's currency, fuel and by-product metal derivative strategies; the current interest rate environment; the potential for major economies to encounter a
slowdown in economic activity or a recession; the potential for increased conflict or hostilities in various regions, including Europe and the Middle East; and the extent and manner to communicable diseases or outbreaks, and measures taken by
governments, the Company or others to attempt to mitigate the spread thereof may directly or indirectly affect the Company. For a more detailed discussion of such risks and other factors that may affect the Company's ability to achieve the
expectations set forth in the forward-looking statements contained in this presentation, see the AIF and MD&A filed on SEDAR+ at www.sedarplus.ca and included in the Form 40-F filed on EDGAR at www.sec.gov, as well as the Company's other
filings with the Canadian securities regulators and the SEC. Other than as required by law, the Company does not intend, and does not assume any obligation, to update these forward-looking statements.
Further Information – For further details on Agnico Eagle’s first quarter 2024 results, please see the Company’s news release dated April 25, 2024.
Front Cover – Agnico Eagle’s Canadian Malartic mine located in the Abitibi region of northwestern Quebec, taken in the summer of 2023.
BofA Global Metals, Mining and

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Agnico Eagle: A High-Quality, Low-Risk Senior Gold Producer
Simple, Consistent
Strategy
Proven geological
potential in premier
jurisdictions
Third Largest Global

Gold Producer1
3.35 – 3.55 Moz (2024E)

$875 – $925 /oz2 (2024E)
Strong Mineral Reserve

Base3
P&P: 54 Moz
M&I: 44 Moz
Inferred: 33 Moz
1 See AEM February 15, 2024 press release for 2024 Guidance
2 Totalcash costs per ounce is a non-GAAP measure, see Notes to Investors in this presentation
3 See AEM February 15, 2024 press release and appendix for detailed breakdown of mineral reserves and mineral resources

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Track Record of Value Creation
Building a Portfolio of High-Quality Assets in Premier Mining Jurisdictions that Offer Superior Geological Potential
 Systematically built a low risk, manageable business
 Focused on growing profitable gold production and

building per share value
 Long history of dependable capital returns to

shareholders
Penna headframe at the LaRonde complex
2005 2023
Share Price
Operating Mines 1 11 20051 20242 CAGR
Performance
Operating Countries 1 4 Agnico Eagle $13.36 $64.24 8.5%
Gold Production (koz) 240 3,440 XAU Index $95.65 $134.24 1.8%
Gold Production (oz/1,000 shares) 2.7 6.9 S&P 500 $1,202.08 $5,018.39 7.7%
1 Share price on the New York Stock Exchange as at January 3, 2005
Annualized Dividend ($/share) $0.03 $1.60 2 Share price on the New York Stock Exchange as at May 1, 2024

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Strong Operational and Cost Performance Continues to Demonstrate Strength of Business
Barnat open pit at the Canadian Malartic complex Amaruq open pit mine Detour Lake mill Kittila headframe
2023 2024E Q1 2024

Actual Guidance Actual  2023 – Record annual safety performance, annual
Gold Production (Moz) 3.44 3.35 – 3.55 0.88 gold production and free cash flow driven by solid
operational performance
Production Costs ($/oz) $853 – $892
Total Cash Costs1 ($/oz) $865 $875 – $925 $901

 2024-2026 – Stable three-year production outlook
with industry leading costs
AISC1 ($/oz) $1,179 $1,200 – $1,250 $1,190
 Detour Lake and Abitibi project updates expected
2
Capital Expenditures ($ millions) $1,475 $1,600 – 1,700 $341 mid-year 2024
Capitalized Exploration ($millions) $126 $105 – $115 $31
 Record operating margin and free cash flow in Q1
Exploration Expense3 ($ millions) $216 $220 – $240 $51 2024 at $1,046M1 and $396M1, respectively
1 These are non-GAAP measures, see Notes to Investors in this presentation
2 Excludes capitalized exploration
3 Includes corporate development costs

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Abitibi Gold Belt – Decades of Production Anchored in Core Operating Region
5 Operating Gold Mines

1
 ~150,000 tonnes of daily mill capacity
 2024E production: ~2M oz
 2024E total cash costs: ~$848/oz
2 of the 10 Largest Gold Mines in the World

With Multi-Decade Production
Robust Pipeline and Land Package

3 key value drivers:
1 Detour Lake mill optimization and
underground potential
2 Odyssey underground expansion 3 2
3 Project pipeline: Upper Beaver and
Wasamac
Proven & probable Measured & indicated Inferred gold
Competitive Advantage from 50+ Years gold reserves (Moz) 1 gold resources (Moz) 1 resource (Moz) 1
Operating in the Region
People, Technical Expertise, Logistics Synergies
35.3 29.8 21.2
1 Mineral reserves and mineral resources include the Company's properties in Quebec and Ontario and exclude Hammond Reef. See AEM February 15, 2024 press release and appendix for detailed breakdown of mineral reserves and mineral resources.
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Creating Value Through the Drill Bit
 Two world-class mines with discovery costs below $10/oz
Odyssey Detour Lake

Mineral Reserves and Mineral Resources (Moz) Mineral Reserves and Mineral Resources (Moz)
1.3 2.9
1.3
9.3
18.5 18.5
1.6 15.3
13.6 5.2
1.1
20.7 19.9
4.4 5.5 15.8 15.8
0 0.9 0.9
2014 2018 2020 2023 2020 2021 2022 2023
Mineral Reserves Indicated Resources Inferred Resources Mineral Reserves Indicated Resources Inferred Resources

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Detour Lake
Top 10 Largest Gold Mine Globally
 Largest gold producing mine in Canada

 Open pit mine with 19.9M oz of mineral reserves1 and mine life until 2052
 2024E: gold production 690k oz; total cash costs $734/oz
Pathway to 1M oz annual production

Evaluation of results expected in Q2 2024:
 Growing throughput to 76.7k tpd2 by year-end 2024
 Improved maintenance practices to support a higher milling rate
Detour Lake operations
 Optimize grinding circuit – secondary crusher re-feed system and
liner profiles; ball and SAG mill discharge Mill Optimization (tpd)
 Potential to 79.5k tpd2 and beyond Realized mill tonnage annual growth of 6% since 2019
 Secondary Crusher Variable Frequency Drive
 Implementation of expert systems
 Conveyor speed and scale upgrade
 Evaluation of underground mining scenario
 Initial underground inferred mineral resources of 1.56Moz (21.8
Mt grading 2.23 g/t gold)
 Potential for bulk mining with ramp access
 Continuing significant exploration program
1 See AEM February 15, 2024 press release and appendix for detailed breakdown of mineral reserves and mineral resources.
2 76.7k tpd represents 28M tpa and 79.5k tpd represents 29M tpa.
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Detour Lake – Advancing Underground Study and Ongoing Drilling at Depth
Highlight Intercepts:
Detour Lake: Exploration during Q1 2024 focused on infill drilling in
the shallow portion of the West Pit Extension, at shallow underground ➤ 5.4 g/t gold over 16.6m at 307m depth, ~350m west of the West Pit mineral resource
depths next to the proposed exploration ramp ➤ 3.4 g/t gold over 29.4m at 562m depth, ~750m west of the West Pit mineral resource

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Canadian Malartic Complex
Top 10 Largest Gold Mine Globally
 Second largest producing gold mine in Canada with 7.9M oz of mineral reserves1
 Canadian Malartic open pit mine life until 2029, Odyssey underground mine life
until 2042
 2024E: gold production 630k oz; total cash costs $926/oz
Transitioning to Canada’s Largest Underground Gold Mine
Key Developments and Upside Potential:

Odyssey project
 Construction
 Ramp development ahead of schedule, top of East Gouldie deposit
reached in Q1 2024
 Potential to accelerate initial production from East Gouldie
 Shaft sinking underway with completion expected in 2027
 Surface construction ~65% complete
 Odyssey South
 Potential to enhance production profile from 2026 to 2028 with exploration
of Odyssey internal zones
 Achieved design mining rate of 3.5k tpd in Q4 2023
Canadian Malartic mill
1 See AEM February 15, 2024 press release and appendix for detailed breakdown of mineral reserves and mineral resources. BofA Global Metals, Mining and
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Canadian Malartic Complex – Production Profile over Life of Mine
700,000 70,000
CANADIAN MALARTIC MILL THROUGHPUT (TPD)

600,000 60,000
ESTIMATED GOLD OUNCES PRODUCED
500,000 50,000
400,000 40,000
300,000 30,000
200,000 20,000
100,000 10,000
0 0
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042
Open Pit and Stockpiles Odyssey South East Malartic East Gouldie Odyssey North Mill Throughput
 9.0Moz in Odyssey mine plan1 compared to 5.5M oz in mineral reserves2, 1.1M oz in measured and indicated mineral resources2
and 9.3Moz in inferred mineral resources2
 NPV of $2.5B and IRR of 33% at gold price of $1,950/oz1
 Positive cash flow expected during transition phase to underground mining
1 For more information see news release dated June 20, 2023.
2 reported as at December 31, 2023. See AEM February 15, 2024 press release and appendix for detailed breakdown of mineral reserves and mineral resources.
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Odyssey – Building a World-Class Asset
Odyssey
shaft 1
Odyssey mine at the Canadian Malartic Highlight Intercepts:

complex: Recent exploration drilling continues ➤ 4.5 g/t gold over 30.0m at 1,162m depth and 300m east of current mineral resources
to return good results towards the east of the
➤ 3.1 g/t gold over 32.8m at 1,556m depth and 100m east of the lower portion of the East Gouldie
East Gouldie mineral resources
mineral resources
1 The Rand Malartic property is not subject to any royalty agreements and encumbrances. BofA Global Metals, Mining and
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Canadian Malartic Complex – Fill the Mill Strategy
Mill Expected to have ~40k tpd of Excess Capacity Starting in 2028
Potential sources of ore to feed the mill:
CANADIAN MALARTIC MILL THROUGHPUT
1 Expansion of East Gouldie to the east and west 70,000
 5.2Moz at 3.4g/t in mineral reserves and 3.3Moz at 60,000
TONNES PER DAY

2.3g/t in inferred mineral resources 50,000
40,000
 Longer term potential for second production shaft
30,000
2 Satellite potential within the Canadian Malartic property 20,000
 ~15Moz historical production and ~16Moz 10,000
discovered since 2014 0
 Expanding exploration efforts along the 16.5km belt

from surface and eventually from underground to Planned mill throughput TPD Mill Capacity
test the full potential of this area
3 Regional potential:
 Wasamac project – M&I mineral resources 2.2Moz
at 2.4g/t; potential to haul ore to Canadian Malartic
 Regional exploration along Abitibi land package
4 Toll Milling:
 Opportunity to be processing partner of choice for
other companies in the region

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Nunvaut – Operating in the North with a First-Mover Competitive Advantage
A Strategic Production Platform

 Agnico represents ~25% of total GDP,
with mining activities ~47% of total GDP
 20% of Canada’s land mass (~2M km2)
 323 Indigenous employees 3
 $571M local procurement spend
Two Operating Gold Mines

1 Meliadine and 2 Meadowbank complex 2
 2024E production: 860k oz
 2024E total cash costs: ~$999/oz
One Advanced Exploration Project: 1

3 Hope Bay
 3.4M oz in mineral reserves1
Competitive Advantage from 17+ Years of

Proven & probable Measured & indicated Inferred gold
Operating in the Region gold reserves (Moz) 1 gold resources (Moz) 1 resource (Moz) 1
Experience with governments, communities,
suppliers and permitting
8.7 4.5 5.0
1 See AEM February 15, 2024 press release and appendix for detailed breakdown of mineral reserves and mineral resources. BofA Global Metals, Mining and
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Hope Bay – Continued Exploration Success at Madrid
Hope Bay: Exploration drilling during Q1 2024 totalled 30,600m and Highlight Intercepts:
returned strong results in the Patch 7 area of the Madrid deposit in a ➤ 20.8 g/t gold over 17.7m at 401m depth
cluster of high-grade intersections approximately 200 metres north of
Patch 7 mineral resources ➤ 14.1 g/t gold over 16.4m at 490m depth

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Balance Sheet Strength and Financial Flexibility
Strong Cash Flow Generation Enhances Investment Grade Balance Sheet
➤ Strong liquidity with $525M in cash and cash equivalents

Strong Available Liquidity - $2.5B*
and $2B (excluding $1B accordion) in undrawn credit lines

available as at March 31, 2024
➤ Debt position as at March 31, 2024:

▪ Current debt $100M, long-term debt $1,741M
▪ Net debt1 decreased to $1,316M
*As at March 31, 2024, in millions and excluding $1B accordion
➤ February 2024: liquidity was strengthened by increasing

Debt Maturities**
the credit facility from $1.2B to $2B, reinforcing the
Company's investment grade credit profile
➤ March 2024: Moody's Ratings upgraded the Company's

investment grade credit rating to Baa1 (Stable Outlook)
from Baa2
**As at March 31, 2024, in millions
1 Net debt is a non-GAAP measure, see Notes to Investors in this presentation BofA Global Metals, Mining and
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Disciplined Capital Allocation Strategy
$100/oz Change in Gold Price = ~$250M Change in Free Cash Flow (After-Tax)
 Dividends paid since 1983 An Attractive Sustainable Dividend

Dividend  Over $3B in cumulative dividends paid to date $900
Distribution
 Quarterly dividend currently $0.40 per share
$800 $781
$755
 Build strong cash balance $700
Strengthen  $790M debt due in next 15 months – look to $600

Balance Sheet repay with excess cash or refinance
(In Millions)
$500
 Organic growth of pipeline projects including: $400

$340
 Odyssey project
Reinvestment $300
in Business
 Detour underground study and mill optimization $229
 Hope Bay exploration $200
$130
$102
$80 $94
 Ability to purchase up to $500M of common shares $100 $62 $69
through the Normal Course Issuer Bid (“NCIB”)

Share $-
Buyback  375k common shares repurchased for $20M in Q1 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
2024 through the NCIB Total Annual Dividend

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High-Quality Business Positioned to Generate Strong Returns
Low-Risk Mining Highest Quality Senior Uniquely Positioned Strong Financial Returns
Jurisdictions Gold Producer
Robust land packages in core Emphasis on per share metrics
Multi-mine, multi-decade High ESG standards with multi- mining jurisdictions with the
Strong financial position to fund
geologic potential decade investment horizon unique potential to leverage
growth projects, repay debt and
existing assets
Multi-decade political stability Disciplined capital investments return capital to shareholders
based on knowledge and due Competitive advantage from
Regional focus maintaining a 40 consecutive years of
diligence over 50 years of operations in
manageable business dividend payments
Canada
Creating value through the drill
bit and technical expertise Unique mining expertise in
Nunavut

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FINANCIAL
AND
OPERATIONS
UPDATE
Q1 2024 Financial Highlights
Strong Operating and Cost Performance Drives Record Cash Flows
Q1 2024 Q1 2023
Realized Gold Price1 ($/oz) $ 2,062 $ 1,892

Gold Sales (koz) 879 788
(in millions)
Revenues $ 1,830 $ 1,510
Net Income $ 347 $ 1,817

1
Adjusted Net Income1 $ 377 $ 271
EBITDA1 $ 883 $ 2,273
Adjusted EBITDA1 $ 929 $ 740

Cash Provided by Operating Activities $ 783 $ 650
Capital Expenditures $ 372 $ 342
Free Cash Flow1 $ 396 $ 265

(basic shares outstanding)
Net Income per share $ 0.70 $ 3.87
Adjusted Net Income per share1 $ 0.76 $ 0.58
Operating Cash Flow per share1 $ 1.57 $ 1.39

Meadowbank complex haul truck
1 These are non-GAAP measures, see Notes to Investors in this presentation BofA Global Metals, Mining and
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Q1 2024 Operating Highlights – Quebec
Surfacing New Potential in Prolific Camp
➤ LaRonde Complex – Automation initiatives at LZ5 continue to yield

higher productivity; gold production affected by lower grades
➤ Canadian Malartic Complex – Record quarterly gold production
▪ Advancing the Odyssey project
• Reached first production level of the East Gouldie deposit in LZ5 automation room
February 2024; Ramp development at depth of 765m

• Shaft sinking activities improved in Q1 2024 at 2.4m per day
• Surface construction focusing on the main hoisting building, phase
two of the paste plant and the operational complex
➤ Goldex Complex – Akasaba West achieved commercial production

Odyssey project
Q1 2024
Gold Production Total Cash Operating
Production Costs Costs1 Margin1
(koz) ($/oz) ($/oz) ($ millions)
LaRonde complex 68 $1,383 $1,065 $92
Canadian Malartic complex 187 $677 $850 $202

Goldex complex 34 $965 $948 $39
Total Quebec 289 $880 $914 $333
Akasaba West open pit
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Q1 2024 Operating Highlights – Nunavut
Capitalizing on Our Nunavut Expertise to Sustain ~800koz Annual Platform
➤ Meliadine
▪ Record monthly throughput and ore haulage performance in January
2024
▪ Phase 2 mill expansion work ongoing and expected to be completed
mid-2024; processing rate expected to reach 6k tpd by end of 2024
Meliadine mine site
➤ Amaruq
▪ Record quarterly mill throughput
▪ Continuing to evaluate further potential to extend mine life post 2028
▪ Potential to transition to Hope Bay project at end of Amaruq mine life
Amaruq haul truck
Q1 2024
Meliadine 96 $976 $942 $109
Meadowbank complex 128 $893 $937 $135
Total Nunavut 224 $926 $937 $244
Doris deposit at the Hope Bay Project
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Q1 2024 Operating Highlights – Ontario
Optimization Through Continuous Improvement
➤ Detour
▪ Record quarterly tonnes mined; continued mill improvements
▪ Solid operating performance despite challenges with the grinding
media in the SAG mill affecting throughput and mill recovery
▪ Mill expected to reach throughput rate of ~76.7k tpd late Q4 2024 Detour Lake mine site
▪ Advancing an evaluation for Detour underground; update on the

project and mill optimization efforts expected Q2 2024
➤ Macassa
▪ Strong quarterly operational performance due to higher productivity
from continued workforce ramp up and improved equipment
availability
Macassa shaft #4
▪ Record quarterly tonnes skipped and record quarterly mill throughput
Q1 2024
Detour Lake 151 $875 $871 $211
Macassa 68 $698 $711 $92
Total Ontario 219 $820 $821 $303
Upper Beaver project
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Q1 2024 Operating Highlights – Europe, Australia & Mexico
Recognizing Potential to Improve and Sustain Operations
➤ Kittila
▪ Gold production on target with planned mill shutdown in Q1 2024; positive
exploration results continue to demonstrate expansion potential of Main
Zone and Sisar Zone
➤ Fosterville Kittila shaft
▪ Quarterly gold production in line with plan; work on ventilation upgrade

continues to advance
➤ Mexico
▪ Stable production at Pinos Altos
▪ Residual leaching ongoing at La India
Fosterville exploration
Q1 2024
Kittila 55 $1,082 $1,070 $55
Fosterville 57 $595 $537 $87
Mexico 35 $1,399 $1,379 $25
Pinos Altos underground operation
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ESG
Global Approach, Regional Focus
2023 Sustainability Report Highlights:
 Record safety performance – 34% improvement year-over-year
 Addressing climate change and working towards net-zero by 2050

– Decarbonization approach defined, focusing on energy efficiency,
technology transition and increased renewable energy. The Company
continues to be one of the most GHG efficient gold mining companies
Climate Highlights
 Investing in communities – Donated and sponsored ~$16M to local
organizations in the regions the Company operates and spent $1.9B on 100% 1.34M 41
Of mining operations Total tonnes of CO2e Number of battery electric
local goods and services, of which $1B went to Indigenous businesses GHG intensity is under produced by our vehicles across the
the industry average1 operations organization
Environmental Highlights
 Mining responsibly – Committed to contributing to sustainable
development of the regions in which we operate as an active participant 0 70k 58M m3
Significant environmental Plants planted as part of Recycled water across
in recognized international sustainability framework incidents restoration efforts in the Company's
Mexico operations
Social Highlights
 Being a great place to work – Delivered over 443,000 hours of training
to employees, with 66% of our workforce being locally employed 649 36% 3,200
Indigenous employees at Of board of directors are Hours of cultural
our operations women awareness training
1 Industry average for 2022 was 0.829 tCO2 per ounce of gold produced as reported by S&P Global BofA Global Metals, Mining and
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Continued Focus on ESG and Optimization Initiatives
Innovation and Environment People & Safety Communities

Electrification
 LTE-4G & LTE-5 networks  Filtered tailings deposition  Towards zero accidents  Community relations and
 Mine rescue satisfaction
 Automated mucking  In-pit tailings disposal
 Health and Wellness  Indigenous rights and
 Rail-Veyor®  Improved water treatment relationships
processes  Retention and development
 Battery electric vehicles
 Manitou partnership 200 employees, external stakeholders
 Monitoring Operation Centres
 Lapa rehabilitation
$1.16B in wages and benefits to and rightsholders consulted to inform the
employees development of our Reconciliation Action
Plan
75% of electricity consumed from low 71% of water recycled 66% local employment
carbon sources $1B In purchases with Indigenous
Suppliers
Total Freshwater Withdrawn for Total Recordable Injury
2023 Electricity by Type Use Intensity (m3 of water per oz Frequency per 1M hours Spending on Local Suppliers
10% Renewable Electricity
Au) worked 2E+09
$1.9B 0.6
Purchased from grid

3.38
1.8E+09
$1.6B
15% 56% 3.20 3.17 6.54 1.6E+09
$1.4B
Low Carbon Electricity
5.44 $1.2B
0.55
2.44 4.84
1.4E+09
Purchased from grid

4.30 1.2E+09
47%
Non-Renewable Electricity 46%
1E+09 0.5
Purchased from grid 45%

44%
800000000
600000000
19%
0.45
Non-Renewable Electricity 400000000
Generated on site 200000000
0 0.4
2020 2021 2022 2023 2020 2021 2022 2023 2020 2021 2022 2023
Note: Includes Canadian Malartic performance at 100% BofA Global Metals, Mining and
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Making a Positive Impact on the Environment and Society
Strengthening Community Resilience and Emergency Community Investment

Response Highlights
 Meliadine mine and the Rankin Inlet Fire Department forge a mutual aid
partnership
 Fosterville’s Bushfire Readiness Grants programs supports local Fire

Brigades with crucial infrastructure upgrades and new equipment
Optimizing Environmental Infrastructure and

Management
 Inauguration of nitrogen removal plant at the Kittilä mine
 Transition to Filtered Tailings Management at LaRonde
 Developed equipment ‘Nilas’ at Meliadine mine to reduce dust emissions
$1.5M $3.7M
Preserving Biodiversity Investment in
construction of new
Investment in
Inunnguiniq project
Health Centre for (Arctic Rose Foundation,
 Innovative approach to bat conservation in historic mine sites Matachewan First Ilitaqsiniq, and Breakfast
Club of Canada)
Nation
 Seed collection campaigns
$9.6M 1,254
 Caribou tracking and monitoring In multi-year Educational
commitments to scholarships provided
 Community partnership in Australia to rehabilitate and enhance a creek support Cancer in Mexico
Research and Care
through riparian rehabilitation and native fish enhancement works

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A History of Transparency and Leadership in ESG
2009-2011 2015-2016 2019-2020 2023

Began reporting accordance with SASB standards Provide additional nature and
First Sustainability Report published Developed detailed biodiversity related disclosures
Indigenous Peoples Early adopters of the Responsible Gold Mining Principles
Engagement Policy
Began assessments under TSM Report gender pay analysis
Framework Created Diversity and Inclusion Council
Began adopting the
Voluntary Principles on Updated Sustainable Development Policy to align with LaRonde complex achieves ICMC
Reporting to CDP Climate and new TSM, WGC and RGMP protocols certification
Security and Human
Water
Rights
Published a partial Scope 3 emissions assessment Winner of the John T. Ryan
Endorsed ICMC Regional Safety Awards from the
Winner of the 2020 TSM Environmental Excellence Canadian Institute of Mining,
Award Metallurgy and Petroleum
2012-2014 2017-2018 2021-2022

Formally supported TCFD
Developed a comprehensive Began reporting alignment with the
Sustainable Development Policy United Nations Sustainable
Committed to be net-zero by 2050, set an
Development Goals
interim 30% reduction in GHG emissions by 2030
Established Stakeholder Advisory Published detailed GRI Data Table
Committee Reported complete Scope 3 assessment
Developed a Diversity and Inclusion
Policy
First conflict-free gold standard report Issued our inaugural Climate Action Report
Participated in Workforce Disclosure Initiative
Agnico Eagle has a long history of implementing ESG best Became a member of the TNFD forum
practices. We continue to evolve and grow our ESG initiatives
Winner of the 2021 TSM Environmental Excellence
and commitments Award
TSM – Towards Sustainable Mining ICMC – International Cyanide Management Code TNFD – Task Force on Nature-Related Financial Disclosures SASB – Sustainability Accounting Standards Board
RGMP – Responsible Gold Mining Principles BofA Global Metals, Mining and
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ESG: A Core Building Block of Agnico Eagle’s Strategy
Deliver on our Vision to Build a Growing, High-Quality, Low Risk, Sustainable Business
Recognized for our leading industry practices in ESG by independent research agencies
Rating Agency Ranking Scale 2024/2023 2022 2021
MSCI Rating Leader (AAA, AA); Average (A, BBB, BB); Laggard (B, CCC) AA AA AA
Sustainalytics Risks (40+ Severe Risk) 21.4 22.5 27.11
S&P Global CSA Out of 100 (high is better) 53 49 46
Towards Sustainable
Individual indicators are scored ranging from Level C to Level AAA.
Scores are externally verified every three year. Scores for years in-
98% 99% 97%
Mining® of indicators scored A of indicators scored A of indicators scored A or
between verification are self-assessed.2 or higher or higher higher
Our Sustainability Commitment:
Operate a Safe and Respect for Respect for Respect for

Healthy Workplace Environment Employees Communities
We aim for a zero-accident record. We aim to minimize the impact We aim to maintain a safe and We aim to contribute to the sustainable
We believe that if we all work of our operations on the healthy workplace where all people social and economic development of the
together, we can achieve a zero- environment and to preserve its interact in a spirit of collaboration, communities associated with our
accident record, and enhance the viability and diversity. commitment and excellence. activities.
wellbeing of employees, contractors,
and communities.
ESG ratings and rankings are subject to change, either based on Agnico Eagle’s performance, or relative sector rankings and/or ratings agency scoring changes and updates. Scores and rankings shown here are effective as of April 17th, 2024.
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Mineral
Reserves
and
Mineral
Resources
Positive Minesite Exploration Drives Mineral Reserve Growth
Gold Mineral Reserves Increase to Record Level for Third Consecutive Year
Reserves M&I Resources Inferred Resources  Gold mineral reserves and mineral resources (MRMR)
26
33  Mineral reserves increased by 10.5% to 54Moz driven by initial
31
declaration of mineral reserves at East Gouldie
Gold (Moz)
44 44
40
 Increase in inferred mineral resources primarily due to the acquisition
54
of the remaining 50% interest in the Canadian Malartic complex, the
45 49
Wasamac project and an initial underground inferred mineral resource
2021* 2022 2023
at Detour
*2021 mineral reserves and mineral resources pro forma merger of Agnico Eagle and Kirkland
Lake Gold as at December 31, 2021  Exploration focus in 2024
 Detour Lake – Continue to test and extend the west plunge
 Canadian Malartic – Continue to upgrade and expand East Gouldie

and test prospective gold targets in the camp
 Fosterville – Continue to extend MRMR at Lower Phoenix and

$259M Robbins Hill and test new geological targets
 Hope Bay – High potential areas at Madrid and Doris, including wide
step-out drilling at Madrid
**Includes expensed and capitalized exploration
See AEM February 15, 2024 news release and appendix for detailed breakdown of mineral reserves and mineral resources. BofA Global Metals, Mining and
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2023 Gold Mineral Reserves And Mineral Resources
Gold Mineral Reserves Increased 10.5% to Record Levels
AGNICO EAGLE
As of December 31, 2022 As of December 31, 2023
Category Tonnes Grade Contained Gold Tonnes Grade Contained Gold

(000s) (g/t Au) (000s oz) (000s) (g/t Au) (000s oz)
Mineral Reserves
Proven 149,399 1.20 5,776 205,096 0.98 6,430
Probable 1,036,174 1.29 42,921 1,082,188 1.36 47,380
Total Proven & Probable 1,185,573 1.28 48,697 1,287,284 1.30 53,811
Mineral Resources
Measured 107,566 1.33 4,609 107,161 1.32 4,558
Indicated 1,070,889 1.15 39,635 1,081,412 1.13 39,423
Total Measured & Indicated 1,178,455 1.17 44,244 1,188,573 1.15 43,981
Total Inferred 311,100 2.63 26,301 410,990 2.50 33,080

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MINERAL RESERVES AS OF DECEMBER 31, 2023
OPERATION / PROJECT PROVEN PROBABLE PROVEN & PROBABLE
Metallurgical
GOLD Mining Method* AEM Share 000 Tonnes g/t 000 Oz Au 000 Tonnes g/t 000 Oz Au 000 Tonnes g/t 000 Oz Au Recovery (%)
LaRonde mine1 U/G 100% 2,342 4.98 375 8,568 6.79 1,870 10,910 6.40 2,244 94.7
LaRonde Zone 52 U/G 100% 4,450 2.11 301 4,523 2.30 334 8,972 2.20 636 94.7
LaRonde complex Total 6,791 3.10 676 13,091 5.24 2,204 19,882 4.51 2,880
Canadian Malartic3 45,474 0.58 852 45,332 1.09 1,584 90,806 0.83 2,436 89.0
East Gouldie4 U/G 100% — 0.00 — 47,005 3.42 5,173 47,005 3.42 5,173 94.6
Odyssey deposits5 U/G 100% 17 2.25 1 4,422 2.17 308 4,440 2.17 310 95.3
Canadian Malartic complex Total 45,491 0.58 853 96,760 2.27 7,065 142,251 1.73 7,919
Goldex6 U/G 100% 797 2.60 66 16,873 1.54 834 17,669 1.59 901 85.8
Akasaba West7 O/P 100% 203 0.84 5 4,823 0.89 138 5,025 0.89 143 77.1
Quebec Total 53,282 0.93 1,601 131,546 2.42 10,242 184,828 1.99 11,843
Detour Lake (Above 0.5 g/t) O/P 100% 70,048 1.14 2,565 484,633 0.90 14,029 554,681 0.93 16,594 91.9
Detour Lake (Below 0.5 g/t) O/P 100% 48,656 0.43 666 215,712 0.38 2,669 264,368 0.39 3,335 90.0
Detour Lake Total8 118,703 0.85 3,230 700,346 0.74 16,698 819,049 0.76 19,928
Macassa mine9 U/G 100% 248 16.17 129 3,959 14.34 1,825 4,207 14.45 1,954 97.4
Macassa Near Surface10 U/G 100% 2 4.23 — 117 5.96 22 119 5.93 23 95.0
AK deposit11 U/G 100% — 0.00 — 742 6.69 160 742 6.69 160 95.0
Macassa Total 249 16.10 129 4,818 12.96 2,007 5,067 13.11 2,136
Upper Beaver12 U/G 100% — 0.00 — 7,992 5.43 1,395 7,992 5.43 1,395 95.0
Hammond Reef13 O/P 100% — 0.00 — 123,473 0.84 3,323 123,473 0.84 3,323 89.2
Ontario Total 118,952 0.88 3,359 836,629 0.87 23,424 955,581 0.87 26,783
Amaruq O/P 100% 3,010 1.58 153 9,469 3.76 1,146 12,479 3.24 1,299 91.7
Amaruq U/G 100% 49 5.96 9 2,829 5.81 528 2,878 5.81 538 91.7
Meadowbank complex Total14 3,059 1.65 162 12,298 4.23 1,674 15,357 3.72 1,837
Meliadine 266 4.27 37 4,632 4.46 664 4,898 4.45 700 94.7
Meliadine U/G 100% 1,514 7.57 369 11,846 6.30 2,398 13,360 6.44 2,767 96.3
Meliadine Total15 1,780 7.08 405 16,478 5.78 3,062 18,258 5.91 3,467
Hope Bay16 93 6.77 20 16,123 6.51 3,377 16,216 6.52 3,397 87.5
Nunavut Total 4,932 3.71 588 44,899 5.62 8,113 49,831 5.43 8,701
Fosterville17 U/G 100% 679 12.52 273 7,897 5.55 1,409 8,576 6.10 1,682 95.0
Australia Total 679 12.52 273 7,897 5.55 1,409 8,576 6.10 1,682
Kittila18 U/G 100% 984 4.11 130 25,943 4.14 3,454 26,926 4.14 3,584 86.9
Europe Total 984 4.11 130 25,943 4.14 3,454 26,926 4.14 3,584
Pinos Altos O/P 100% 24 1.21 1 2,363 1.21 92 2,387 1.21 93 94.4
Pinos Altos U/G 100% 2,386 2.14 164 4,150 2.17 290 6,536 2.16 454 94.2
Pinos Altos Total19 2,410 2.13 165 6,514 1.82 381 8,924 1.90 546
San Nicolás (50%)20 O/P 50% 23,858 0.41 314 28,761 0.39 358 52,619 0.40 672 17.6
Mexico Total 26,268 0.57 479 35,275 0.65 739 61,543 0.62 1,219
Total Gold 205,096 0.98 6,430 1,082,188 1.36 47,380 1,287,284 1.30 53,811

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MINERAL RESERVES AS OF DECEMBER 31, 2023
OPERATION / PROJECT PROVEN PROBABLE PROVEN & PROBABLE
SILVER Mining Method* AEM Share 000 Tonnes g/t 000 Oz Ag 000 Tonnes g/t 000 Oz Ag 000 Tonnes g/t 000 Oz Ag Metallurgical
Recovery (%)
LaRonde U/G 100% 2,342 14.32 1,078 8,568 21.60 5,950 10,910 20.04 7,028 74.9
Pinos Altos O/P 100% 24 43.30 33 2,363 36.35 2,762 2,387 36.42 2,796 44.5
Pinos Altos U/G 100% 2,386 40.03 3,070 4,150 47.41 6,326 6,536 44.71 9,396 49.3
Pinos Altos Total 2,410 40.06 3,104 6,514 43.40 9,088 8,924 42.50 12,192
San Nicolás (50%) O/P 50% 23,858 23.93 18,356 28,761 20.91 19,333 52,619 22.28 37,689 38.6
Total Silver 28,609 24.50 22,538 43,843 24.38 34,371 72,453 24.43 56,909
COPPER Mining Method* AEM Share 000 Tonnes % Tonnes Cu 000 Tonnes % Tonnes Cu 000 Tonnes % Tonnes Cu Metallurgical
Recovery (%)
LaRonde U/G 100% 2,342 0.19 4,558 8,568 0.30 25,341 10,910 0.27 29,899 83.6
Akasaba West O/P 100% 203 0.44 890 4,823 0.50 24,262 5,025 0.50 25,153 83.6
Upper Beaver U/G 100% — — — 7,992 0.25 19,980 7,992 0.25 19,980 90.0
San Nicolás (50%) O/P 50% 23,858 1.26 299,809 28,761 1.01 291,721 52,619 1.12 591,530 78.2
Total Copper 26,402 1.16 305,258 50,144 0.72 361,305 76,546 0.87 666,562
ZINC Mining Method* AEM Share 000 Tonnes % Tonnes Zn 000 Tonnes % Tonnes Zn 000 Tonnes % Tonnes Zn Metallurgical
Recovery (%)
LaRonde U/G 100% 2,342 0.62 14,424 8,568 1.08 92,164 10,910 0.98 106,588 69.2
San Nicolás (50%) O/P 50% 23,858 1.61 383,313 28,761 1.37 394,115 52,619 1.48 777,428 80.9
Total Zinc 26,199 1.52 397,736 37,330 1.30 486,280 63,529 1.39 884,016
*Underground (“U/G”), Open Pit ("O/P")

1 LaRonde mine: Net smelter value cut-off varies according to mining type and depth, not less than C$91/t for LP1 and not less than C$192/t for Laronde.
2 LaRonde Zone 5: Gold cut-off grade varies according to stope size and depth, not less than 1.56 g/t.
3 Canadian Malartic: Gold cut-off grade not less than 0.34 g/t for Barnat pit.
4 East Gouldie: Gold cut-off grade not less than 1.67 g/t.
5 Odyssey deposits: Gold cut-off grade varies according to mining zone and depth, not less than 1.53 g/t.
6 Goldex: Gold cut-off grade varies according to mining type and depth, not less than 1.00 g/t.
7 Akasaba West: Net smelter value cut-off varies, not less than C$33/t.
8 Detour Lake: Gold cut-off grade not less than 0.30 g/t.
9 Macassa mine: Gold cut-off grade varies according to mining type, not less than 3.71 g/t for long hole method and 4.41 g/t for cut and fill method.
10 Macassa Near Surface: Gold cut-off grade not less than 4.33 g/t.
11 Amalgamated Kirkland (AK) deposit: Gold cut-off grade not less than 4.25 g/t.
12 Upper Beaver: Net smelter value cut-off not less than C$125/t.
13 Hammond Reef: Gold cut-off grade not less than 0.41 g/t.
14 Amaruq: Gold cut-off grade varies according to mining type, not less than 1.14 g/t for open pit mineral reserves and 3.42 g/t for underground mineral reserves (gold cut-off grade for marginal underground mineral reserves from development is 1.14 g/t).
15 Meliadine: Gold cut-off grade varies according to mining type, not less than 1.80 g/t for open pit mineral reserves and 4.40 g/t for underground mineral reserves (gold cut-off grade for marginal underground mineral reserves from development is 1.80 g/t).
16 Hope Bay: Gold cut-off grade not less than 4.00 g/t.
17 Fosterville: Gold cut-off grade varies according to mining zone and type, not less than 3.80 g/t.
18 Kittila: Gold cut-off grade varies according to haulage distance, not less than 2.59 g/t.
19 Pinos Altos: Net smelter value cut-off varies according to mining zone and type, not less than C$9.33/t for open pit mineral reserves and US$49.93/t for the underground mineral reserves.
20 San Nicolás (50%): Net smelter return cut-off values for low zinc/copper ore of US$9.71/t and for high zinc/copper ore of US$13.15/t.

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MINERAL RESOURCES AS OF DECEMBER 31, 2023
OPERATION / PROJECT MEASURED INDICATED MEASURED & INDICATED INFERRED
GOLD Mining Method* AEM 000 g/t 000 Oz Au 000 g/t 000 000 g/t 000 000 g/t 000
Share Tonnes Tonnes Oz Au Tonnes Oz Au Tonnes Oz Au
LaRonde U/G 100% — — — 6,424 3.06 632 6,424 3.06 632 1,569 5.67 286
LaRonde Zone 5 U/G 100% — — — 10,594 2.27 774 10,594 2.27 774 10,437 3.38 1,134
LaRonde complex Total — — — 17,018 2.57 1,407 17,018 2.57 1,407 12,006 3.68 1,420
Canadian Malartic O/P 100% — — — — — — — — — 8,171 0.81 214
Odyssey U/G 100% — — — 1,372 1.71 75 1,372 1.71 75 19,700 2.29 1,453
East Malartic U/G 100% — — — 11,134 2.04 731 11,134 2.04 731 65,748 2.12 4,480
East Gouldie U/G 100% — — — 4,853 1.56 244 4,853 1.56 244 45,239 2.29 3,331
Odyssey Project Total — — — 17,358 1.88 1,050 17,358 1.88 1,050 130,687 2.20 9,263
Canadian Malartic Total — — — 17,358 1.88 1,050 17,358 1.88 1,050 138,858 2.12 9,477
Goldex U/G 100% 12,360 1.86 739 18,837 1.50 907 31,197 1.64 1,646 16,154 1.68 871
Akasaba West O/P 100% — — — 4,044 0.70 91 4,044 0.70 91 — — —
Wasamac U/G 100% — — — 27,850 2.43 2,173 27,850 2.43 2,173 9,232 2.66 789
Quebec Total 12,360 1.86 739 85,109 2.06 5,628 97,468 2.03 6,367 176,249 2.22 12,558
Detour Lake O/P 100% 30,861 1.45 1,434 697,821 0.74 16,520 728,681 0.77 17,955 58,317 0.62 1,156
Detour Lake U/G 100% — — — — 0.00 — — 0.00 — 21,811 2.23 1,561
Detour Lake Zone 58N U/G 100% — — — 2,868 5.80 534 2,868 5.80 534 973 4.35 136
Detour Lake Total 30,861 1.45 1,434 700,688 0.76 17,055 731,549 0.79 18,489 81,101 1.09 2,853
Macassa U/G 100% 258 10.32 86 1,910 8.35 512 2,168 8.58 598 3,692 9.21 1,094
Macassa Near Surface U/G 100% — — — 65 6.14 13 65 6.14 13 133 6.62 28
AK Project U/G 100% — — — 163 6.95 37 163 6.95 37 282 5.69 52
Macassa Total 258 10.32 86 2,138 8.17 562 2,396 8.40 647 4,106 8.89 1,173
Aquarius O/P 100% — — — 23,112 1.49 1,106 23,112 1.49 1,106 502 0.87 14
Holt complex U/G 100% 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 100% — — — 3,919 2.77 349 3,919 2.77 349 867 3.84 107
Upper Beaver U/G 100% — — — 3,636 3.45 403 3,636 3.45 403 8,688 5.07 1,416
Upper Canada O/P 100% — — — 2,006 1.62 104 2,006 1.62 104 1,020 1.44 47
Upper Canada U/G 100% — — — 8,433 2.28 618 8,433 2.28 618 17,588 3.21 1,816
Upper Canada Total — — — 10,439 2.15 722 10,439 2.15 722 18,608 3.11 1,863
Hammond Reef O/P 100% 47,063 0.54 819 86,304 0.53 1,478 133,367 0.54 2,298 — — —
Ontario Total 83,988 1.16 3,140 836,119 0.84 22,574 920,107 0.87 25,713 122,968 2.21 8,736
Amaruq O/P 100% — — — 4,758 2.62 401 4,758 2.62 401 236 2.87 22
Amaruq U/G 100% — — — 8,544 4.37 1,199 8,544 4.37 1,199 3,938 4.75 602
Amaruq Total — — — 13,302 3.74 1,600 13,302 3.74 1,600 4,173 4.65 623
Meadowbank complex Total — — — 13,302 3.74 1,600 13,302 3.74 1,600 4,173 4.65 623
Meliadine O/P 100% 3 3.17 — 4,613 3.14 466 4,615 3.14 466 1,135 4.45 162
Meliadine U/G 100% 422 4.64 63 7,626 4.49 1,100 8,047 4.49 1,163 9,986 6.42 2,060
Meliadine Total 424 4.63 63 12,238 3.98 1,566 12,663 4.00 1,629 11,120 6.22 2,222
Hope Bay U/G 100% — — — 10,734 3.64 1,255 10,734 3.64 1,255 12,110 5.41 2,108
Nunavut Total 424 4.63 63 36,274 3.79 4,421 36,699 3.80 4,485 27,404 5.62 4,953
Fosterville O/P 100% 820 2.81 74 1,771 3.87 220 2,591 3.53 294 326 2.72 29
Fosterville U/G 100% 262 3.99 34 8,758 4.20 1,184 9,019 4.20 1,218 9,693 4.60 1,433
Fosterville Total 1,082 3.10 108 10,528 4.15 1,404 11,610 4.05 1,512 10,019 4.54 1,461
Northern Territory O/P 100% 269 3.65 32 16,416 1.42 749 16,685 1.46 781 13,536 1.75 762
Northern Territory U/G 100% — — — 5,115 5.39 887 5,115 5.39 887 4,284 4.45 613
Northern Territory Total 269 3.65 32 21,531 2.36 1,636 21,800 2.38 1,668 17,820 2.40 1,376
Australia Total 1,351 3.21 139 32,059 2.95 3,040 33,410 2.96 3,180 27,839 3.17 2,837
Kittilä O/P 100% — — — — — — — — — 373 3.89 47
Kittilä U/G 100% 4,299 2.91 402 13,632 2.93 1,285 17,931 2.93 1,687 6,192 5.13 1,020
Kittilä Total 4,299 2.91 402 13,632 2.93 1,285 17,931 2.93 1,687 6,565 5.06 1,067
Barsele O/P 55% — — — 3,178 1.08 111 3,178 1.08 111 2,260 1.25 91
Barsele U/G 55% — — — 1,158 1.77 66 1,158 1.77 66 13,552 2.10 914
Barsele Total — — — 4,335 1.27 176 4,335 1.27 176 15,811 1.98 1,005
Europe Total 4,299 2.91 402 17,967 2.53 1,461 22,266 2.60 1,863 22,376 2.88 2,072

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MINERAL RESOURCES AS OF DECEMBER 31, 2023
OPERATION / PROJECT MEASURED INDICATED MEASURED & INDICATED INFERRED
GOLD Mining Method* AEM Share 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
Pinos Altos O/P 100% — — — 1,266 1.03 42 1,266 1.03 42 445 1.27 18
Pinos Altos U/G 100% — — — 10,394 1.92 643 10,394 1.92 643 1,431 1.87 86
Pinos Altos Total — — — 11,659 1.83 685 11,659 1.83 685 1,876 1.73 104
La India O/P 100% 4,478 0.52 74 814 0.54 14 5,292 0.52 88 66 0.40 1
San Nicolás (50%) O/P 50% 261 0.08 1 3,037 0.20 19 3,297 0.19 20 2,468 0.13 10
Tarachi O/P 100% — — — 19,290 0.58 361 19,290 0.58 361 242 0.52 4
Chipriona O/P 100% — — — 10,983 0.92 326 10,983 0.92 326 976 0.66 21
El Barqueño Gold O/P 100% — — — 8,834 1.16 331 8,834 1.16 331 9,628 1.13 351
Santa Gertrudis O/P 100% — — — 19,267 0.91 563 19,267 0.91 563 9,819 1.36 429
Santa Gertrudis U/G 100% — — — — — — — — — 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
Total Mexico 4,739 0.49 75 73,884 0.97 2,299 78,623 0.94 2,373 34,154 1.75 1,923
Total Gold 107,161 1.32 4,558 1,081,412 1.13 39,423 1,188,573 1.15 43,981 410,990 2.50 33,080
SILVER Mining Method* AEM Share 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 U/G 100% — — — 6,424 11.98 2,474 6,424 11.98 2,474 1,569 12.25 618
Pinos Altos O/P 100% — — — 1,266 21.60 879 1,266 21.60 879 445 31.74 454
Pinos Altos U/G 100% — — — 10,394 50.99 17,040 10,394 50.99 17,040 1,431 36.19 1,665
Pinos Altos Total — — — 11,659 47.80 17,919 11,659 47.80 17,919 1,876 35.13 2,120
La India O/P 100% 4,478 2.72 391 814 2.61 68 5,292 2.70 460 66 2.18 5
San Nicolás (50%) O/P 50% 261 6.40 54 3,037 11.86 1,158 3,297 11.43 1,211 2,468 9.26 735
Chipriona O/P 100% — — — 10,983 100.72 35,566 10,983 100.72 35,566 976 86.77 2,722
El Barqueño Silver O/P 100% — — — — — — — — — 4,393 124.06 17,523
El Barqueño Gold O/P 100% — — — 8,834 4.73 1,343 8,834 4.73 1,343 9,628 16.86 5,218
Santa Gertrudis O/P 100% — — — 19,267 3.66 2,269 19,267 3.66 2,269 9,819 1.85 585
Santa Gertrudis U/G 100% — — — — — — — — — 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 61,018 30.99 60,796 65,757 28.97 61,240 39,874 28.34 36,328
COPPER Mining Method* AEM Share 000 Tonnes % Tonnes Cu 000 Tonnes % Tonnes Cu 000 Tonnes % Tonnes Cu 000 Tonnes % Tonnes Cu
LaRonde U/G 100% — — — 6,424 0.13 8,613 6,424 0.13 8,613 1,569 0.28 4,371
Akasaba West O/P 100% — — — 4,044 0.43 17,270 4,044 0.43 17,270 — — —
Upper Beaver U/G 100% — — — 3,636 0.14 5,135 3,636 0.14 5,135 8,688 0.20 17,284
San Nicolás (50%) O/P 50% 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 100% — — — 10,983 0.16 17,291 10,983 0.16 17,291 976 0.12 1,174
El Barqueño Gold O/P 100% — — — 8,834 0.19 16,400 8,834 0.19 16,400 9,628 0.22 21,152
El Barqueño Silver O/P 100% — — — — — — — — — 4,393 0.04 1,854
Total Copper 261 1.35 3,526 36,958 0.27 100,198 37,218 0.28 103,724 27,721 0.25 68,980
ZINC Mining Method* AEM Share 000 Tonnes % Tonnes Zn 000 Tonnes % Tonnes Zn 000 Tonnes % Tonnes Zn 000 Tonnes % Tonnes Zn
LaRonde U/G 100% — — — 6,424 0.74 47,404 6,424 0.74 47,404 1,569 0.36 5,600
San Nicolás (50%) O/P 50% 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 100% — — — 10,983 0.83 91,637 10,983 0.83 91,637 976 0.73 7,073
Total Zinc 261 0.39 1,012 20,444 0.79 160,659 20,704 0.78 161,671 5,012 0.56 28,029

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Notes to Investors Regarding the Use of Mineral Resources
The mineral reserve and mineral resource estimates contained in this presentation have been prepared in accordance with the Canadian securities administrators' (the "CSA") National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").
In 2019, the SEC's disclosure requirements and policies for mining properties were amended to more closely align with current industry and global regulatory practices and standards, including NI 43-101. However, Canadian issuers that report in the United States
using the Multijurisdictional Disclosure System ("MJDS"), such as the Company, may still use NI 43-101 rather than the SEC disclosure requirements when using the SEC's MJDS registration statement and annual report forms. Accordingly, mineral reserve and
mineral resource information contained in this presentation may not be comparable to similar information disclosed by U.S. companies.
Investors are cautioned that while the SEC recognizes "measured mineral resources", "indicated mineral resources" and "inferred mineral resources", investors should not assume that any part or all of the mineral deposits in these categories will ever be converted
into a higher category of mineral resources or into mineral reserves. These terms have a great amount of uncertainty as to their economic and legal feasibility. Accordingly, investors are cautioned not to assume that any "measured mineral resources",
"indicated mineral resources", or "inferred mineral resources" that the Company reports in this presentation are or will be economically or legally mineable. Under Canadian regulations, estimates of inferred mineral resources may not form the basis of
feasibility or pre-feasibility studies, except in limited circumstances.
Further, "inferred mineral resources" have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that any part or all of an inferred mineral resource will ever be upgraded to a higher category.
The mineral reserve and mineral resource data set out in this presentation are estimates, and no assurance can be given that the anticipated tonnages and grades will be achieved or that the indicated level of recovery will be realized. The Company does not include
equivalent gold ounces for by-product metals contained in mineral reserves in its calculation of contained ounces. Mineral reserves are not reported as a subset of mineral resources.
Scientific and Technical Information

The scientific and technical information contained in this presentation relating to Nunavut, Quebec and Finland operations has been approved by Dominique Girard, Eng., Executive Vice-President & Chief Operating Officer – Nunavut, Quebec & Europe; relating to
Ontario, Australia and Mexico operations has been approved by Natasha Vaz, Executive Vice-President & Chief Operating Officer – Ontario, Australia & Mexico; relating to exploration has been approved by Guy Gosselin, Eng. and P.Geo., Executive Vice-President,
Exploration; and relating to mineral reserves and mineral resources has been approved by Dyane Duquette, P.Geo., Vice-President, Mineral Resources Management, each of whom is a "Qualified Person" for the purposes of NI 43-101.
Mineral reserves are reported exclusive of mineral resources. Tonnage amounts and contained metal amounts set out in this table have been rounded to the nearest thousand, so may not aggregate to equal column totals. Mineral reserves are in-situ, taking into
account all mining recoveries, before mill or heap leach recoveries. Underground mineral reserves and measured and indicated mineral resources are reported within mineable shapes and include internal and external dilution. Inferred mineral resources are reported
within mineable shapes and include internal dilution. Mineable shape optimization parameters may differ for mineral reserves and mineral resources.
The mineral reserves and mineral resources tonnages reported for silver, copper and zinc are a subset of the mineral reserves and mineral resources tonnages for gold. The Company's economic parameters set the maximum price allowed to be no more than the
lesser of the three‐year moving average and current spot price, which is a common industry standard. Given the current commodity price environment, Agnico Eagle continues to use more conservative gold and silver prices.
The below metal price assumptions are below the three-year historic average (from January 1, 2021 to December 31, 2023) of approximately $1,853 per ounce of gold, $23.50 per ounce of silver, $4.03 per pound of copper and $1.38 per pound of zinc.
Metal Price for Mineral Reserve Estimation1 Metal Price for Mineral Resource Estimation 3
Mines / Projects Gold Silver Copper Zinc
Gold (US$/oz) Silver (US$/oz) Copper (US$/lb) Zinc (US$/lb)
(US$/oz) (US$/oz) (US$/lb) (US$/lb)
$1,400 $18.00 $3.50 $1.00
1Exceptions: US$1,300 per ounce of gold used for Detour Lake; US$1,350 per ounce of gold used for Hope Operating mines and pipeline projects $1,650 $22.50 $3.75 $1.25
Bay and Hammond Reef; US$1,200 per ounce of gold and US$2.75 per pound of copper used for Upper
Beaver; and US$1,300 per ounce of gold, US$20.00 per ounce of silver, US$3.00 per pound of copper and 3Exceptions: US$1,500 per ounce of gold used for Detour Lake open pit, Northern Territory and Holt complex; US$1,300
US$1.10 per pound of zinc used for San Nicolás. per ounce of gold used for Detour Lake Zone 58N; US$1,400 per ounce of gold used for Canadian Malartic, US$1,688
per ounce of gold used for Hope Bay, Santa Gertrudis and Hammond Reef; US$1,667 per ounce of gold used for Upper
Canada and El Barqueño; US$1,200 per ounce of gold and US$2.75 per pound of copper used for Upper Beaver;
Exchange rates 2 US$1,533 per ounce of gold used for Barsele; US$500 per ounce of gold used for Aquarius, US$22.67 per ounce of
silver used for El Barqueño; US$1,687 per ounce of gold used for Anoki-McBean and Tarachi; US$25.00 per ounce of
C$ Mexican peso AUD EURO silver used for Santa Gertrudis; US$1,300 per ounce of gold, US$20.00 per ounce of silver, US$3.00 per pound of
per US$1.00 per US$1.00 per US$1.00 per US$1.00 copper and US$1.10 per pound of zinc used for San Nicolás.
CAD1.30 MXP18.00 AUD1.36 €0.909

2Exceptions: exchange rate of CAD$1.25 per US$1.00 used for Upper Beaver, Upper Canada, Holt complex
and Detour Lake Zone 58N; CAD$1.11 per US$1.00 used for Aquarius; US$1.15 per €1.00 used for Barsele;
and MXP17.00 per US$1.00 used for Tarachi.

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Notes to Investors Regarding the Use of Material Resources (continued)
NI 43-101 requires mining companies to disclose mineral reserves and mineral resources using the subcategories of "proven mineral reserves", "probable mineral reserves", "measured mineral resources", "indicated mineral resources" and
"inferred mineral resources". Mineral resources that are not mineral reserves do not have demonstrated economic viability.
A mineral reserve is the economically mineable part of a measured and/or indicated mineral resource. It includes diluting materials and allowances for losses, which may occur when the material is mined or extracted and is defined by
studies at pre-feasibility or feasibility level as appropriate that include application of modifying factors. Such studies demonstrate that, at the time of reporting, extraction could reasonably be justified. The mineral reserves presented in this
presentation are separate from and not a portion of the mineral resources.
Modifying factors are considerations used to convert mineral resources to mineral reserves. These include, but are not restricted to, mining, processing, metallurgical, infrastructure, economic, marketing, legal, environmental, social and
governmental factors.
A proven mineral reserve is the economically mineable part of a measured mineral resource. A proven mineral reserve implies a high degree of confidence in the modifying factors. A probable mineral reserve is the economically mineable
part of an indicated and, in some circumstances, a measured mineral resource. The confidence in the modifying factors applied to a probable mineral reserve is lower than that applied to a proven mineral reserve.
A mineral resource is a concentration or occurrence of solid material of economic interest in or on the Earth's crust in such form, grade or quality and quantity that there are reasonable prospects for eventual economic extraction. The
location, quantity, grade or quality, continuity and other geological characteristics of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling.
A measured mineral resource is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics are estimated with confidence sufficient to allow the application of modifying factors to
support detailed mine planning and final evaluation of the economic viability of the deposit. Geological evidence is derived from detailed and reliable exploration, sampling and testing and is sufficient to confirm geological and grade or
quality continuity between points of observation. An indicated mineral resource is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics are estimated with sufficient confidence to
allow the application of modifying factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Geological evidence is derived from adequately detailed and reliable exploration, sampling and
testing and is sufficient to assume geological and grade or quality continuity between points of observation. An inferred mineral resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of
limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity.
Investors are cautioned not to assume that part or all of an inferred mineral resource exists, or is economically or legally mineable.
A feasibility study is a comprehensive technical and economic study of the selected development option for a mineral project that includes appropriately detailed assessments of applicable modifying factors, together with any other relevant
operational factors and detailed financial analysis that are necessary to demonstrate, at the time of reporting, that extraction is reasonably justified (economically mineable). The results of the study may reasonably serve as the basis for a
final decision by a proponent or financial institution to proceed with, or finance, the development of the project. The confidence level of the study will be higher than that of a pre-feasibility study.
Additional Information
Additional information about each of the Company's material mineral projects as at December 31, 2023, including information regarding data verification, key assumptions, parameters and methods used to estimate mineral reserves and
mineral resources and the risks that could materially affect the development of the mineral reserves and mineral resources required by sections 3.2 and 3.3 and paragraphs 3.4(a), (c) and (d) of NI 43-101 can be found in the Company's
AIF and MD&A filed on SEDAR+ each of which forms a part of the Company's Form 40-F filed with the SEC on EDGAR and in the following technical reports filed on SEDAR+ in respect of the Company's material mineral properties: NI 43-
101 Technical Report of the LaRonde complex in Québec, Canada (March 24, 2023); NI 43-101 Technical Report Canadian Malartic Mine, Québec, Canada (March 25, 2021); Technical Report on the Mineral Resources and Mineral
Reserves at Meadowbank Gold complex including the Amaruq Satellite Mine Development, Nunavut, Canada as at December 31, 2017 (February 14, 2018); the Updated Technical Report on the Meliadine Gold Project, Nunavut, Canada
(February 11, 2015); and the Detour Lake Operation, Ontario, Canada NI 43-101 Technical Report as at July 26, 2021 (October 15, 2021).

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Notes to Investors
Note Regarding Certain Measures of Performance
This presentation discloses certain financial performance measures and ratios, including "total cash costs per ounce", "all-in sustaining costs per ounce", "adjusted net income", "adjusted net income per share", "cash provided by operating activities before
changes in non-cash working capital balances", "cash provided by operating activities before changes in non-cash working capital balances per share", "earnings before interest, taxes, depreciation and amortization" (also referred to as EBITDA), "adjusted
EBITDA", "free cash flow", "free cash flow before changes in non-cash working capital balances", "operating margin", "sustaining capital expenditures", "development capital expenditures", "net debt" and "minesite costs per tonne" that are not standardized
measures under IFRS. These measures may not be comparable to similar measures reported by other gold mining companies. For a reconciliation of these measures to the most directly comparable financial information reported in the consolidated financial
statements prepared in accordance with IFRS, see "Reconciliation of Non-GAAP Financial Performance Measures" below.
Total cash costs per ounce
Total cash costs per ounce is reported on both a by-product basis (deducting by-product metal revenues from production costs) and calculated on a per ounce of gold produced basis and co-product basis (without deducting by-product metal revenues). Total
cash costs per ounce on a by-product basis is calculated by adjusting production costs as recorded in the consolidated statements of (loss) income for by-product revenues, inventory production costs, the impact of purchase price allocation in connection
with mergers and acquisitions on inventory accounting, realized gains and losses on hedges of production costs, operational care and maintenance costs due to COVID-19 and other adjustments, which include the costs associated with a 5% in-kind royalty
paid in respect of certain portions of the Canadian Malartic complex, a 2% in-kind royalty paid in respect of the Detour Lake mine, a 1.5% in-kind royalty paid in respect of the Macassa mine, as well as smelting, refining and marketing charges and then
dividing by the number of ounces of gold produced. Investors should note that total cash costs per ounce are not reflective of all cash expenditures, as they do not include income tax payments, interest costs or dividend payments.
Total cash costs per ounce on a co-product basis is calculated in the same manner as the total cash costs per ounce on a by-product basis, except that no adjustment is made for by-product metal revenues. Accordingly, the calculation of total cash costs per
ounce on a co-product basis does not reflect a reduction in production costs or smelting, refining and marketing charges associated with the production and sale of by-product metals.
Total cash costs per ounce is intended to provide investors information about the cash-generating capabilities of the Company's mining operations. Management also uses these measures to, and believes they are helpful to investors so investors can,
understand and monitor the performance of the Company's mining operations. The Company believes that total cash costs per ounce is useful to help investors understand the costs associated with producing gold and the economics of gold mining. As
market prices for gold are quoted on a per ounce basis, using the total cash costs per ounce on a by-product basis measure allows management and investors to assess a mine's cash-generating capabilities at various gold prices. Management is aware, and
investors should note, that these per ounce measures of performance can be affected by fluctuations in exchange rates and, in the case of total cash costs per ounce on a by-product basis, by-product metal prices. Management compensates for these
inherent limitations by using, and investors should also consider using, these measures in conjunction with data prepared in accordance with IFRS and minesite costs per tonne as it is not necessarily indicative of operating costs or cash flow measures
prepared in accordance with IFRS. Management also performs sensitivity analyses in order to quantify the effects of fluctuating metal prices and exchange rates.
Agnico Eagle's primary business is gold production and the focus of its current operations and future development is on maximizing returns from gold production, with other metal production being incidental to the gold production process. Accordingly, all
metals other than gold are considered by-products.
Unless otherwise indicated, total cash costs per ounce is reported on a by-product basis. Total cash costs per ounce is reported on a by-product basis because (i) the majority of the Company's revenues are from gold, (ii) the Company mines ore, which
contains gold, silver, zinc, copper and other metals, (iii) it is not possible to specifically assign all costs to revenues from the gold, silver, zinc, copper and other metals the Company produces, (iv) it is a method used by management and the Board of
Directors to monitor operations, and (v) many other gold producers disclose similar measures on a by-product rather than a co-product basis.
All-in sustaining costs per ounce
All-in sustaining costs per ounce (also referred to as "AISC per ounce") on a by-product basis is calculated as the aggregate of total cash costs on a by-product basis, sustaining capital expenditures (including capitalized exploration), general and
administrative expenses (including stock options), lease payments related to sustaining assets and reclamation expenses, and then dividing by the number of ounces of gold produced. These additional costs reflect the additional expenditures that are
required to be made to maintain current production levels. The AISC per ounce on a co-product basis is calculated in the same manner as the AISC per ounce on a by-product basis, except that the total cash costs on a co-product basis are used, meaning
no adjustment is made for by-product metal revenues. Investors should note that AISC per ounce is not reflective of all cash expenditures as it does not include income tax payments, interest costs or dividend payments, nor does it include non-cash
expenditures, such as depreciation and amortization. Unless otherwise indicated, all-in sustaining costs per ounce is reported on a byproduct basis (see “Total cash costs per ounce” for a discussion of regarding the Company's use of by-product basis
reporting).
Management believes that AISC per ounce is helpful to investors as it reflects total sustaining expenditures of producing and selling an ounce of gold while maintaining current operations and, as such, provides helpful information about operating
performance. Management is aware, and investors should note, that these per ounce measures of performance can be affected by fluctuations in foreign exchange rates and, in the case of AISC per ounce on a by-product basis, by-product metal prices.
Management compensates for these inherent limitations by using, and investors should also consider using, these measures in conjunction with data prepared in accordance with IFRS and minesite costs per tonne as this measure is not necessarily
indicative of operating costs or cash flow measures prepared in accordance with IFRS.
The Company follows the guidance on calculation of AISC per ounce released by the World Gold Council ("WGC") in 2018. The WGC is a non-regulatory market development organization for the gold industry that has worked closely with its member
companies to develop guidance in respect of relevant non-GAAP measures. Notwithstanding the Company's adoption of the WGC's guidance, AISC per ounce reported by the Company may not be comparable to data reported by other gold mining
companies.

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Notes to Investors (continued)
Adjusted net income and adjusted net income per share
Adjusted net income is calculated by adjusting the net income as recorded in the consolidated statements of income for the effects of certain items that the Company believes are not reflective of the Company's underlying performance for the
reporting period. Adjusted net income is calculated by adjusting net income for items such as foreign currency translation gains or losses, realized and unrealized gains or losses on derivative financial instruments, revaluation gain, impairment loss
charges and reversals, environmental remediation, severance and transaction costs related to acquisitions, integration costs, purchase price allocations to inventory, self-insurance losses, gains and losses on the disposal of assets and income and
mining taxes adjustments. Adjusted net income per share is calculated by dividing adjusted net income by the weighted average number of shares outstanding at the end of the period on a basic and diluted basis.
The Company believes that adjusted net income and adjusted net income per share are useful to investors in that they allow for the evaluation of the results of continuing operations and in making comparisons between periods. These generally
accepted industry measures are intended to provide investors with information about the Company's continuing income generating capabilities from its core mining business, excluding the above adjustments, which the Company believes are not
reflective of operational performance. Management uses this measure to, and believes it is helpful to investors so they can, understand and monitor for the operating performance of the Company in conjunction with other data prepared in accordance
with IFRS. Adjusted net income and adjusted net income per share are not standardized measures under IFRS and, as reported by the Company, may not be comparable to similarly labelled measures reported by other companies.
Cash provided by operating activities before changes in non-cash working capital balances and cash provided by operating activities before changes in non-cash working capital balances per share
Cash provided by operating activities before changes in non-cash working capital balances and cash provided by operating activities before changes in non-cash working capital balances per share are calculated by adjusting the cash provided by
operating activities as shown in the consolidated statements of cash flows for the effects of changes in non-cash working capital balances such as trade receivables, income taxes, inventories, other current assets, accounts payable and accrued
liabilities and interest payable. The per share amount is calculated by dividing cash provided by operating activities before changes in non-cash working capital balances by the weighted average number of shares outstanding on a basic basis. The
Company believes that changes in working capital can be volatile due to numerous factors, including the timing of payments. Management uses these measures to, and believe they are useful to investors so they can, assess the underlying operating
cash flow performance and future operating cash flow generating capabilities of the Company in conjunction with other data prepared in accordance with IFRS.
EBITDA and adjusted EBITDA
EBITDA, or earnings before interest, taxes, depreciation and amortization, is calculated by adjusting the net income as recorded in the consolidated statements of income for finance costs, amortization of property, plant and mine development and
income and mining tax expense line items as reported in the consolidated statements of income. Adjusted EBITDA removes the effects of certain items that the Company believes are not reflective of the Company's underlying performance for the
reporting period. Adjusted EBITDA is calculated by adjusting the EBITDA calculation for items such as foreign currency translation gains or losses, realized and unrealized gains or losses on derivative financial instruments, revaluation gains and
losses, impairment loss charges and reversals, environmental remediation, severance and transaction costs related to acquisitions, integration costs, purchase price allocations to inventory, self-insurance losses and gains and losses on the disposal
of assets.
The Company believes EBITDA and adjusted EBITDA are useful to investors in that they allow for the evaluation of the Company's liquidity in order to fund its working capital, capital expenditure and debt repayments. These generally accepted
industry measures are intended to provide investors with information about the Company's continuing cash generating capability from its core mining business, excluding the above adjustments, which management believes are not reflective of
operational performance. Management uses these measures to, and believes it is helpful to investors so they can, understand and monitor the cash generating capability of the Company in conjunction with other data prepared in accordance with
IFRS. EBITDA and adjusted EBITDA are not standardized measures under IFRS and, as reported by the Company, may not be comparable to similarly labelled measures reported by other companies.
Free cash flow and free cash flow before changes in non-cash working capital balances
Free cash flow is calculated by deducting additions to property, plant and mine development from the cash provided by operating activities line item as recorded in the consolidated statements of cash flows. Free cash flow before changes in non-cash
working capital balances is calculated by excluding the effect of changes in non-cash working capital balances from free cash flow such as trade receivables, income taxes, inventory, other current assets, accounts payable and accrued liabilities and
interest payable.
The Company believes that free cash flow and free cash flow before changes in non-cash working capital balances are useful in that they allow for the evaluation of the Company's ability to repay creditors and return cash to shareholders without
relying on external sources of funding. These generally accepted industry measures also provide investors with information about the Company's financial position and its ability to generate cash to fund operational and capital requirements as well as
return cash to shareholders. Management uses these measures in conjunction with other data prepared in accordance with IFRS, and believes it is helpful to investors so they can, understand and monitor the cash generating capability of the
Company. Free cash flow and free cash flow before changes in non-cash working capital balances are not standardized measures under IFRS and, as reported by the Company, may not be comparable to similarly labelled measures reported by
other companies.

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Notes to Investors (continued)
Operating margin
Operating margin is calculated by deducting production costs from revenue from mining operations. In order to reconcile operating margin to net income as recorded in the consolidated financial statements, the Company adds the following items to
the operating margin: income and mining taxes expense; other expenses (income); care and maintenance expenses; foreign currency translation (gain) loss; environmental remediation costs; gain (loss) on derivative financial instruments; finance
costs; general and administrative expenses; amortization of property, plant and mine development; exploration and corporate development expenses; and revaluation gain and impairment losses (reversals). The Company believes that operating
margin is a useful measure to investors as it reflects the operating performance of its individual mines associated with the ongoing production and sale of gold and by-product metals without allocating Company-wide overhead, including exploration
and corporate development expenses, amortization of property, plant and mine development, general and administrative expenses, finance costs, gain and losses on derivative financial instruments, environmental remediation costs, foreign currency
translation gains and losses, other expenses and income and mining tax expenses. Management uses this measure internally to plan and forecast future operating results. Management believes this measure is helpful to investors as it provides them
with additional information about the Company's underlying operating results and should be evaluated in conjunction with other data prepared in accordance with IFRS. Operating margin is not a standardized measure under IFRS and, as reported by
the Company, may not be comparable to similarly labelled measures reported by other companies.
Sustaining capital expenditures and development capital expenditures
Capital expenditures are classified into sustaining capital expenditures and development capital expenditures. Sustaining capital expenditures are expenditures incurred during the production phase to sustain and maintain existing assets so they can
achieve constant expected levels of production from which the Company will derive economic benefits. Sustaining capital expenditures include expenditure for assets to retain their existing productive capacity as well as to enhance performance and
reliability of the operations. Development capital expenditures represent the spending at new projects and/or expenditures at existing operations that are undertaken with the intention to increase production levels or mine life above the current plans.
Management uses these measures in the capital allocation process and to assess the effectiveness of its investments. Management believes these measures are useful so investors can assess the purpose and effectiveness of the capital
expenditures split between sustaining and development in each reporting period. The classification between sustaining and development capital expenditures does not have a standardized definition in accordance with IFRS and other companies may
classify expenditures in a different manner.
Net debt
Net debt is calculated by adjusting the total of the current portion of long-term debt and non-current long-term debt as recorded on the consolidated balance sheet for deferred financing costs and cash and cash equivalents. Management believes the
measure of net debt is useful to help investors to determine the Company's overall debt position and to evaluate future debt capacity of the Company. Net debt is not a standardized measure under IFRS and, as reported by the Company, may not be
comparable to similarly labelled measures reported by other companies.
Minesite costs per tonne
Minesite costs per tonne are calculated by adjusting production costs as recorded in the consolidated statements of income for inventory production costs, operational care and maintenance costs due to COVID-19 and items such as in-kind royalties,
smelting, refining and marketing charges, and then dividing by tonnage of ore processed. As the total cash costs per ounce can be affected by fluctuations in by-product metal prices and foreign exchange rates, management believes that minesite
costs per tonne is useful to investors in providing additional information regarding the performance of mining operations, eliminating the impact of varying production levels. Management also uses this measure to determine the economic viability of
mining blocks. As each mining block is evaluated based on the net realizable value of each tonne mined, in order to be economically viable the estimated revenue on a per tonne basis must be in excess of the minesite costs per tonne. Management
is aware, and investors should note, that this per tonne measure of performance can be affected by fluctuations in processing levels. This inherent limitation may be partially mitigated by using this measure in conjunction with production costs and
other data prepared in accordance with IFRS. Minesite costs per tonne is not a standardized measure under IFRS and, as reported by the Company, may not be comparable to similarly labelled measures reported by other gold mining companies.
Forward-Looking Non-GAAP Measures
This presentation also contains information as to estimated future total cash costs per ounce and AISC per ounce. The estimates are based upon the total cash costs per ounce and AISC per ounce that the Company expects to incur to mine gold at
its mines and projects and, consistent with the reconciliation of these actual costs referred to above, do not include production costs attributable to accretion expense and other asset retirement costs, which will vary over time as each project is
developed and mined. It is therefore not practicable to reconcile these forward-looking non-GAAP financial measures to the most comparable IFRS measure.
Note Regarding Production Guidance
The gold production guidance is based on the Company's mineral reserves but includes contingencies and assumes metal prices and foreign exchange rates that are different from those used in the mineral reserve estimates. These factors and
others mean that the gold production guidance presented in this presentation does not reconcile exactly with the production models used to support these mineral reserves.
Note Regarding Currency
All amounts expressed in U.S. dollars unless otherwise noted.

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Trading Symbol:
AEM on TSX & NYSE
Investor Relations:
416-947-1212
[email protected]
agnicoeagle.com

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BofA Global Metals, Mining and Steel Conference

May 14-15, 2024

BofA Global Metals, Mining and

Third Largest Global

3.35 – 3.55 Moz (2024E)

Strong Mineral Reserve

BofA Global Metals, Mining and

 Systematically built a low risk, manageable business

 Focused on growing profitable gold production and

 Long history of dependable capital returns to

Penna headframe at the LaRonde complex

BofA Global Metals, Mining and

2023 2024E Q1 2024

Total Cash Costs1 ($/oz) $865 $875 – $925 $901

BofA Global Metals, Mining and

5 Operating Gold Mines

2 of the 10 Largest Gold Mines in the World

Robust Pipeline and Land Package

 Two world-class mines with discovery costs below $10/oz

Odyssey Detour Lake

BofA Global Metals, Mining and

 Largest gold producing mine in Canada

Pathway to 1M oz annual production

BofA Global Metals, Mining and

Transitioning to Canada’s Largest Underground Gold Mine

Key Developments and Upside Potential:

CANADIAN MALARTIC MILL THROUGHPUT (TPD)

Odyssey mine at the Canadian Malartic Highlight Intercepts:

 5.2Moz at 3.4g/t in mineral reserves and 3.3Moz at 60,000

TONNES PER DAY

 ~15Moz historical production and ~16Moz 10,000

discovered since 2014 0

 Expanding exploration efforts along the 16.5km belt

BofA Global Metals, Mining and

A Strategic Production Platform

Two Operating Gold Mines

One Advanced Exploration Project: 1

Competitive Advantage from 17+ Years of

BofA Global Metals, Mining and

➤ Strong liquidity with $525M in cash and cash equivalents

and $2B (excluding $1B accordion) in undrawn credit lines

➤ Debt position as at March 31, 2024:

➤ February 2024: liquidity was strengthened by increasing

➤ March 2024: Moody's Ratings upgraded the Company's

**As at March 31, 2024, in millions

 Dividends paid since 1983 An Attractive Sustainable Dividend

 Build strong cash balance $700

Strengthen  $790M debt due in next 15 months – look to $600

 Organic growth of pipeline projects including: $400

through the Normal Course Issuer Bid (“NCIB”)

2024 through the NCIB Total Annual Dividend

BofA Global Metals, Mining and

BofA Global Metals, Mining and

Realized Gold Price1 ($/oz) $ 2,062 $ 1,892

Revenues $ 1,830 $ 1,510

Net Income $ 347 $ 1,817

EBITDA1 $ 883 $ 2,273

Adjusted EBITDA1 $ 929 $ 740

Capital Expenditures $ 372 $ 342

Participated in Workforce Disclosure Initiative