AGNICO EAGLE PROVIDES AN UPDATE ON 2024 EXPLORATION RESULTS AND 2025 EXPLORATION PLANS - MINERAL RESERVES INCREASE 1% YEAR-OVER-YEAR TO 54.3 MOZ; UPDATED MINERAL RESERVES OF 2.8 MOZ DECLARED AT UPPER BEAVER; INFERRED MINERAL RESOURCES INCREASE 9%
1. Agnico Eagle's 2024 gold reserve increased to 54.3 million ounces. 2. Inferred resources surged by nearly 10% due to exploration success. 3. Exploration spending plans for 2025 range between $505 million and $545 million. 4. Positive results at Detour Lake support future underground mining potential. 5. Successful drilling at Hope Bay contributed to resource expansion.