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AGNICO EAGLE REPORTS THIRD QUARTER 2025 RESULTS - RECORD ADJUSTED NET INCOME WITH ANOTHER QUARTER OF STRONG PRODUCTION; FINANCIAL POSITION FURTHER STRENGTHENED BY REPAYMENT OF LONG-TERM DEBT AND CASH ACCUMULATION

1. Agnico Eagle reported strong Q3 2025 financial results with record gold production. 2. Average gold price realization increased to $3,476 per ounce, driving margins. 3. Net income for Q3 2025 reached $1,055 million, highlighting operational strength. 4. Agnico maintains full-year gold production guidance of 3.3 to 3.5 million ounces. 5. The company increased its cash position to $2.16 billion while lowering debt.

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Why Very Bullish?

Strong financial results and record free cash flow indicate operational excellence and market strength, similar to 2020 bullish trends following similar performance metrics.

How important is it?

The article focuses on substantial earnings growth, production, and strategic advancements, directly impacting investor sentiment and stock performance for AEM.

Why Long Term?

Sustained production guidance and strategic project advancements suggest potential for continued growth and shareholder value over the next years.

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Stock Symbol: AEM (NYSE and TSX) (All amounts expressed in U.S. dollars unless otherwise noted) , /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle" or the "Company") today reported financial and operating results for the third quarter of 2025. "We delivered another quarter of strong and consistent operational performance, which translated into record financial results as higher gold prices continue to drive expanded margins. With solid year-to-date performance, we are well on track to meet our full year production and cost guidance, supported by disciplined cost management and a focus on productivity," said Ammar Al-Joundi, Agnico Eagle's President and Chief Executive Officer. "With the record free cash flow generation year-to-date and a strengthened financial position, we continue to advance our five key pipeline projects and create value through the drill bit. We remain disciplined in our approach to capital allocation and we continue to provide strong returns to our shareholders through dividends and share buybacks." Third quarter 2025 highlights: Strong quarterly gold production – Payable gold production1 was 866,936 ounces at production costs per ounce of $963, total cash costs per ounce2 of $994 and all-in sustaining costs ("AISC") per ounce2 of $1,373. The strong operational performance in the third quarter of 2025 was led by Meadowbank and LaRonde. In the first nine months of 2025, gold production was approximately 77% of the mid-point of the Company's full-year guidance, with total cash costs per ounce at approximately the mid-point of guidance Higher gold prices generate stronger margins, while impacting royalty costs – Royalty costs, which are included in the calculation of total cash costs per ounce and AISC per ounce, are directly linked to gold prices. The average realized gold price in the third quarter of 2025 was $3,476 per ounce and in the first nine months of 2025 was $3,221, exceeding the Company's guidance assumption of $2,500 by $976 and $721, respectively. The higher gold prices affected the Company's total cash costs and AISC by approximately $61 per ounce in the third quarter of 2025 and approximately $34 per ounce in the first nine months of 2025, when compared to guidance Record quarterly adjusted net income and strong free cash flow generation – The Company reported quarterly net income of $1,055 million or $2.10 per share and record adjusted net income3 of $1,085 million or $2.16 per share. The Company generated cash provided by operating activities of $1,816 million or $3.62 per share ($1,661 million or $3.31 per share of cash provided by operating activities before changes in non-cash components of working capital4) and free cash flow4 of $1,190 million or $2.37 per share ($1,035 million or $2.06 per share of free cash flow before changes in non-cash components of working capital4) 2025 gold production and unit cost guidance reiterated – Full year expected payable gold production in 2025 remains unchanged at 3.3 to 3.5 million ounces. If gold prices remain elevated for the remainder of 2025, total cash costs per ounce and AISC per ounce in 2025 are expected to trend towards the top end of the guidance ranges of $915 to $965 and $1,250 to $1,300, respectively, reflecting the strong commodity price environment and associated royalty costs impact. Total capital expenditures (excluding capitalized exploration) for 2025 are expected to remain between $1.75 billion to $1.95 billion and capitalized exploration is expected to remain between $290 and $310 million. Further details are set out in the 2025 Guidance Summary section below Financial position further strengthened through cash accumulation and debt repayment – The Company increased its net cash5 position to $2,159 million as at September 30, 2025 as a result of the increase in its cash position by $797 million to $2,355 million and the reduction of long-term debt by $400 million to $196 million. On September 29, 2025, the Company repaid its $50 million 4.15% 2015 senior notes at maturity and also redeemed the outstanding principal of $350 million of the 2018 senior notes with interest rates ranging from 4.38% to 4.63%. In addition, in August 2025, Moody's upgraded the Company's long-term issuer rating to A3 from Baa1 Increased quarterly share repurchases demonstrate continued focus on shareholder returns – A quarterly dividend of $0.40 per share has been declared. In addition, the Company repurchased 1,005,577 common shares during the quarter under its normal course issuer bid ("NCIB") at an average share price of $149.02 for aggregate consideration of $150 million Update on key value drivers and pipeline projects in the third quarter of 2025 Canadian Malartic – Excavation of the first loading station between levels 102 and 114 was completed, and conventional shaft sinking resumed. Development of East Gouldie production levels and support infrastructure progressed on schedule for planned production in the second half of 2026. Exploration drilling in the upper eastern extension of the East Gouldie deposit near the current shaft and ramp infrastructure was highlighted by 4.8 grams per tonne ("g/t") gold over 25.4 metres at 884 metres depth and 5.5 g/t gold over 15.4 metres at 907 metres depth, potentially providing a second mining area and potentially utilize excess mill capacity. Drilling also continued to extend the East Gouldie deposit to the east and west in the lower portions of the deposit. Regional exploration continued to prioritize the Marban project, including optimization of a potential open pit and the possible eastern extension of the Marban deposit Detour Lake – Excavation of the exploration ramp commenced with the first blast completed on July 3, 2025. The exploration ramp advanced by 259 metres and reached a depth of 43 metres as at September 30, 2025. Exploration drilling into the high-grade corridor in the West Pit zone further defined the high-grade domains that could potentially be mined early in the underground project, with a highlight intercept of 2.7 g/t gold over 55.7 metres at 297 metres depth. Drilling into the West Extension zone at underground depths further confirmed the grades and continuity of mineralization in the western plunge of the deposit Upper Beaver – The shaft head frame and installation of the service hoist were completed on schedule, with shaft sinking expected to commence in the fourth quarter of 2025. At the ramp portal, excavation of the exploration ramp began and advanced by 268 metres, reaching a depth of 22 metres as at September 30, 2025 Hope Bay – Site infrastructure upgrades advanced, including the addition of two wings at the Doris camp, the completion of the mill dismantling and the jetty expansion at Robert's Bay in time for the 2025 sealift season. Exploration drilling totaled 34,971 metres in the third quarter of 2025 (103,815 metres year-to-date), with a continued focus on mineral resource expansion and conversion of the Patch 7 zone in the Madrid deposit. Highlights including 16.9 g/t gold over 4.6 metres at 865 metres depth and 12.7 g/t gold over 9.3 metres at 834 metres depth in two of the deepest intercepts of the Patch 7 zone to date continue to support the potential for mineral resource expansion at depth and along strike San Nicolas – Minas de San Nicolas continued to advance the feasibility study and execution strategy, with engineering expected to be 30% complete by year-end. Drilling activities progressed with a focus on condemnation drilling and geological evaluation in proximity to the projected mine area _______________________________________ 1 Payable production of a mineral means the quantity of a mineral produced during a period contained in products that have been or will be sold by the Company whether such products are shipped during the period or held as inventory at the end of the period. Payable gold production for the three months ended September 30, 2025 excludes payable gold production at La India and Creston Mascota of 945 and 189 ounces, respectively, which were produced from residual leaching and 2,442 ounces of gold recovered at Hope Bay. 2 Total cash costs per ounce and all-in sustaining costs per ounce or AISC per ounce are non-GAAP ratios that are not standardized financial measures under IFRS® Accounting Standards and, in this news release, unless otherwise specified, are reported on (i) a per ounce of gold production basis, and (ii) a by-product basis. For a description of the composition and usefulness of these non-GAAP ratios and reconciliations of total cash costs per ounce and AISC per ounce to production costs on both a by-product and a co-product basis, see "Note Regarding Certain Measures of Performance" below. 3 Adjusted net income and adjusted net income per share are non-GAAP measures or ratios that are not standardized financial measures under IFRS Accounting Standards. For a description of the composition and usefulness of these non-GAAP measures and a reconciliation to net income see "Note Regarding Certain Measures of Performance" below. 4 Cash provided by operating activities before changes in non-cash components of working capital, free cash flow and free cash flow before changes in non-cash components of working capital and their related per share measures are non-GAAP measures or ratios that are not standardized financial measures under IFRS Accounting Standards. For a description of the composition and usefulness of these non-GAAP measures and a reconciliation to cash provided by operating activities see "Note Regarding Certain Measures of Performance" below. 5 Net cash (debt), that is, a negative "net debt" position, and net debt are non-GAAP measures that are not standardized financial measures under IFRS Accounting Standards. For a description of the composition and usefulness of these non-GAAP measures and a reconciliation to long-term debt, see "Note Regarding Certain Measures of Performance" below. Third Quarter 2025 Results Conference Call and Webcast Tomorrow The Company's senior management will host a conference call on Thursday, October 30, 2025, at 11:00 AM (E.D.T.) to discuss the Company's financial and operating results. Via Webcast: To listen to the live webcast of the conference call, you may register on the Company's website at www.agnicoeagle.com, or directly via the link here. Via Phone: To join the conference call by phone, please dial 416.945.7677 or toll-free 1.888.699.1199 to be entered into the call by an operator. To ensure your participation, please call approximately five minutes prior to the scheduled start of the call. To join the conference call by phone without operator assistance, you may register your phone number here 30 minutes prior to the scheduled start of the call to receive an automated call back. Replay Archive: Please dial 289.819.1450 or toll-free 1.888.660.6345, access code 44229#. The conference call replay will expire on November 30, 2025. The webcast, along with presentation slides, will be archived for 180 days on the Company's website. Third Quarter 2025 Production and Costs Production and Cost Results Summary Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Gold production* (ounces) 866,936 863,445 2,606,759 2,637,935 Gold sales (ounces)** 868,563 855,899 2,558,363 2,609,192 Production costs per ounce*** $              963 $              908 $              918 $              887 Total cash costs per ounce*** $              994 $              921 $              943 $              897 AISC per ounce*** $           1,373 $           1,286 $           1,281 $           1,214 * Gold production for the three months ended September 30, 2025 excludes payable gold production at La India and Creston Mascota of 945 and 189 ounces, respectively, which were produced from residual leaching and 2,442 ounces of gold recovered at Hope Bay. Gold production for the nine months ended September 30, 2025 excludes payable gold production at La India and Creston Mascota of 3,614 and 253 ounces, respectively, and 2,442 ounces of gold recovered at Hope Bay. ** Canadian Malartic's payable metal sold excludes the 5% in-kind net smelter return royalty held by Osisko Gold Royalties Ltd. Detour Lake's payable metal sold excludes the 2% in-kind net smelter royalty held by Franco-Nevada Corporation. Macassa's payable metal sold excludes the 1.5% in-kind net smelter royalty held by Franco-Nevada Corporation. For the nine months ended September 30, 2025, 2,500 payable gold ounces sold are excluded at La India. *** Production costs per ounce, total cash costs per ounce and AISC per ounce are reported on a per ounce of gold produced basis. Gold Production Third Quarter of 2025 – Gold production increased when compared to the prior-year period primarily due to higher production from LaRonde (higher grade and throughput), Canadian Malartic (higher grade and throughput) and Macassa (higher grade), partially offset by lower production at Fosterville (lower grade and throughput) and Meliadine (lower grade) First Nine Months of 2025 – Gold production decreased when compared to the prior-year period primarily due to lower production from Fosterville (lower grade and throughput), Canadian Malartic (lower throughput) and La India (end of mine life), partially offset by higher production at Macassa and LaRonde (higher grades) Production Costs per Ounce Third Quarter of 2025 – Production costs per ounce increased when compared to the prior-year period primarily due to higher royalty costs resulting from higher gold prices and lower build-up of stockpiles, partially offset by higher gold production and the benefit of the weaker Canadian dollar First Nine Months of 2025 – Production costs per ounce increased when compared to the prior-year period primarily due to higher royalty costs resulting from higher gold prices and lower production, partially offset by the benefit of the weaker Canadian dollar Total Cash Costs per Ounce Third Quarter and First Nine Months of 2025 – Total cash costs per ounce increased when compared to the prior-year periods primarily due to the reasons described above for the increase in production costs per ounce in the respective period AISC per Ounce Third Quarter of 2025 – AISC per ounce increased when compared to the prior-year period due to the reasons described above for the increase in total cash costs per ounce and higher general and administrative expenses (higher stock-based compensation as a result of the appreciation of the share price), partially offset by lower sustaining capital expenditures, primarily at Detour Lake First Nine Months of 2025 – AISC per ounce increased when compared to the prior-year period due to the reasons described above for the increase in total cash costs per ounce, higher sustaining capital expenditures, primarily at Meadowbank and Fosterville, and higher general and administrative expenses (higher stock-based compensation as a result of the appreciation of the share price) Refer to the Company's Management Discussion and Analysis for the third quarter of 2025 (the "MD&A") under the caption "Financial and Operating Results" for additional variance analysis on gold production, production costs, minesite costs per tonne and total cash costs per ounce compared to the prior-year periods. Third Quarter 2025 Financial Results Financial Results Summary Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Realized gold price (per ounce)6 $        3,476 $        2,492 $        3,221 $        2,297 Net income (millions) $        1,055 $           567 $        2,938 $        1,386 Adjusted net income (millions) $        1,085 $           573 $        2,831 $        1,485 EBITDA (millions)7 $        2,030 $        1,259 $        5,684 $        3,264 Adjusted EBITDA (millions)7 $        2,098 $        1,257 $        5,602 $        3,362 Cash provided by operating activities (millions) $        1,816 $        1,085 $        4,706 $        2,829 Cash provided by operating activities before changes in non-cash working capital balances (millions) $        1,661 $        1,027 $        4,203 $        2,791 Capital expenditures (millions)8 $           644 $           486 $        1,601 $        1,265 Free cash flow (millions) $        1,190 $           620 $        3,089 $        1,573 Free cash flow before changes in non-cash working capital balances (millions) $        1,035 $           563 $        2,586 $        1,535 Net income per share (basic) $          2.10 $          1.13 $          5.85 $          2.78 Adjusted net income per share (basic) $          2.16 $          1.14 $          5.64 $          2.97 Cash provided by operating activities per share (basic) $          3.62 $          2.16 $          9.37 $          5.67 Cash provided by operating activities before changes in non-cash working capital balances per share (basic) $          3.31 $          2.05 $          8.37 $          5.59 Free cash flow per share (basic) $          2.37 $          1.24 $          6.15 $          3.15 Free cash flow before changes in non-cash working capital balances per share (basic) $          2.06 $          1.12 $          5.15 $          3.07 ____________________________ 6 Realized gold price is calculated as gold revenues from mining operations divided by the number of ounces sold. 7 "EBITDA" means earnings before interest, taxes, depreciation, and amortization. EBITDA and adjusted EBITDA are non-GAAP measures that are not standardized financial measures under IFRS Accounting Standards. For a description of the composition and usefulness of these non-GAAP measures and a reconciliation to net income see "Note Regarding Certain Measures of Performance" below. 8 Includes capitalized exploration. Capital expenditures is a non-GAAP measure that is not a standardized financial measure under IFRS Accounting Standards. For a discussion of the composition and usefulness of this non-GAAP measure and a reconciliation to additions to property, plant and mine development as set out in the consolidated statements of cash flows, see "Note Regarding Certain Measures of Performance" below. Net Income Third Quarter of 2025 Net income increased when compared to the prior-year period primarily due to record operating margins resulting from higher realized gold prices, partially offset by higher income and mining taxes, higher amortization of property, plant and mine development and losses on derivative financial instruments (compared to gains in the prior-year period) During the third quarter of 2025, the Company sold 38,002,589 common shares of Orla Mining Ltd. at a price of C$14.75 per common share for total consideration of C$560 million ($405 million). A realized mark-to-market gain on the disposition of shares of $271 million was recognized through Other Comprehensive Income, while a loss on the sale of shares resulting from the discount to the market price of $34 million was recognized in net income Net income of $1,055 million ($2.10 per share) includes the following items (net of tax): discount to market price on the disposition of interest in Orla Mining Ltd. and related transaction costs of $40 million ($0.08 per share), foreign currency translation gains on deferred tax liabilities and other tax adjustments of $20 million ($0.04 per share), net losses on derivative financial instruments of $7 million ($0.01 per share), foreign exchange gains of $7 million ($0.01 per share), net asset disposal losses of $4 million ($0.01 per share) and debt extinguishment costs, reclamation and other adjustments totalling $6 million ($0.01 per share). Excluding these items results in adjusted net income of $1,085 million or $2.16 per share First Nine Months of 2025 – Net income increased when compared to the prior-year period primarily due to record operating margins resulting from higher realized gold prices and gains on derivative financial instruments (compared to losses in the prior-year period), partially offset by higher income and mining taxes and higher amortization of property, plant and mine development in the current period Adjusted EBITDA Third Quarter of 2025 – Adjusted EBITDA increased when compared to the prior-year period primarily due to higher revenues from mining operations (higher realized gold prices and higher gold sales), partially offset by higher production costs (higher royalty costs) and higher general and administrative expenses (higher stock-based compensation as a result of the appreciation of the share price) First Nine Months of 2025 – Adjusted EBITDA increased when compared to the prior-year period primarily due to higher revenues from mining operations (higher realized gold prices), partially offset by lower gold sales, higher production costs (higher royalty costs) and higher general and administrative expenses (higher stock-based compensation as a result of the appreciation of the share price) Cash Provided by Operating Activities Third Quarter and First Nine Months of 2025 – Cash provided by operating activities and cash provided by operating activities before changes in non-cash working capital balances increased when compared to the prior-year periods primarily due to the reasons described above related to the increases in adjusted EBITDA. Cash provided by operating activities benefited from favourable changes in non-cash working capital balances, primarily due to an increase in the accrued taxes payable as a result of higher operating margins Free Cash Flow Before Changes in Non-cash Working Capital Balances Third Quarter and First Nine Months of 2025 – Free cash flow before changes in non-cash working capital balances was a record and increased when compared to the prior-year periods due to the reasons described above related to cash provided by operating activities, partially offset by higher additions to property, plant and mine development Capital Expenditures In the third quarter of 2025, capital expenditures were $557 million and capitalized exploration expenditures were $87 million, for a total of $644 million. For the first nine months of 2025, capital expenditures were $1,371 million and capitalized exploration expenditures were $230 million, for a total of $1,601 million. Total capital expenditures for 2025 (including capitalized exploration) are expected to remain in line with full year guidance as set out in the 2025 Guidance Summary below. The table below sets out a summary of capital expenditures, in each case broken down between sustaining capital expenditures and development capital expenditures, and capitalized exploration by mine in the third quarter of 2025 and the first nine months of 2025. Summary of Capital Expenditures* (thousands) Capital Expenditures** Capitalized Exploration Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended Sep 30, 2025 Sep 30, 2025 Sep 30, 2025 Sep 30, 2025 Sustaining Capital Expenditures LaRonde $                17,226 $                55,131 $                  1,080 $                  3,079 Canadian Malartic 34,600 87,637 305 1,618 Goldex 11,461 37,721 351 1,523 Quebec 63,287 180,489 1,736 6,220 Detour Lake 59,473 159,072 — — Macassa 13,391 32,121 288 1,035 Ontario 72,864 191,193 288 1,035 Meliadine 22,734 53,203 2,541 4,574 Meadowbank 40,104 97,632 — — Nunavut 62,838 150,835 2,541 4,574 Fosterville 16,000 44,615 — — Australia 16,000 44,615 — — Kittila 16,303 45,302 793 2,402 Finland 16,303 45,302 793 2,402 Pinos Altos 7,216 23,560 676 1,528 Mexico 7,216 23,560 676 1,528 Other 2,111 6,301 339 576 Total Sustaining Capital Expenditures $              240,619 $              642,295 $                  6,373 $                16,335 Development Capital Expenditures LaRonde $                18,939 $                54,021 $                       — $                       11 Canadian Malartic 78,866 197,827 6,983 19,789 Goldex 5,538 11,169 1,174 2,249 Quebec 103,343 263,017 8,157 22,049 Detour Lake 76,300 188,966 9,122 26,518 Macassa 23,338 65,213 8,752 27,795 Ontario 99,638 254,179 17,874 54,313 Meliadine 28,910 55,361 3,563 12,717 Meadowbank 12,608 15,289 — — Nunavut 41,518 70,650 3,563 12,717 Fosterville 8,321 23,094 2,680 8,080 Australia 8,321 23,094 2,680 8,080 Kittila 409 346 1,767 4,776 Finland 409 346 1,767 4,776 Pinos Altos 1,001 3,917 9 32 San Nicolas (50%) 2,566 6,613 — — Mexico 3,567 10,530 9 32 Other 59,258 107,108 46,759 111,521 Total Development Capital Expenditures $              316,054 $              728,924 $                80,809 $              213,488 Total Capital Expenditures $              556,673 $           1,371,219 $                87,182 $              229,823 * Capital expenditures is a non-GAAP measure that is not a standardized financial measure under IFRS Accounting Standards. For a discussion of the composition and usefulness of this non-GAAP measure and a reconciliation to additions to property, plant and mine development as set out in the consolidated statements of cash flows, see "Note Regarding Certain Measures of Performance" below. ** Excludes capitalized exploration 2025 Guidance Reiterated In the first nine months of 2025, the Company achieved approximately 77% of the mid-point of its full-year gold production guidance, while achieving total cash costs per ounce at the mid-point of guidance. Based on this performance, the Company expects to meet its gold production guidance for the full year 2025. If gold prices remain elevated for the remainder of 2025, total cash costs per ounce and AISC per ounce in 2025 are expected to trend towards the top end of the guidance ranges of $915 to $965 and $1,250 to $1,300, respectively, reflecting the strong commodity price environment and associated royalty costs impact. Total capital expenditures (including capitalized exploration) guidance for 2025 remains unchanged.  A summary of the Company's guidance is set out below. 2025 Guidance Summary (millions, unless otherwise stated) 2025 2025 Range Mid-Point Gold production (ounces) 3,300,000 3,500,000 3,400,000 Total cash costs per ounce $915 $965 $940 AISC per ounce $1,250 $1,300 $1,275 Exploration and corporate development expense $215 $235 $225 Depreciation and amortization expense $1,550 $1,750 $1,650 General & administrative expense* $190 $210 $200 Other costs $105 $115 $110 Tax rate (%) 33 % 38 % 35 % Cash taxes $1,100 $1,200 $1,150 Capital expenditures (excluding capitalized exploration) $1,750 $1,950 $1,850 Capitalized exploration $290 $310 $300 *  General and administrative expense is expected to fluctuate based on changes in the Company's share price, which affect the costs related to stock-based compensation. Tariffs On February 1, 2025, the United States introduced tariffs on imports from countries including Canada. In response, the Canadian and other governments announced retaliatory tariffs on imports from the United States. In certain cases, the implementation or application of these tariffs has been postponed or modified and exceptions to such tariffs have been made in respect of certain goods and Canada has now removed many of the counter tariffs it previously announced. However, the international trade disputes set in motion by these tariffs, retaliatory tariffs and other actions remain fluid. At this time, the Company believes its revenue structure will be largely unaffected by the tariffs as its gold production is mostly refined in Canada, Australia or Europe. The Company continues to review its exposure to the tariffs and trade disputes and its alternatives to inputs sourced from suppliers that are or may become subject to the tariffs or other trade disputes. However, approximately 60% of the Company's cost structure relates to labour, contractors, energy and royalties, which are not expected to be directly affected by any of the tariffs or trade disputes. While there is uncertainty as to whether further tariffs or retaliatory tariffs will be implemented, the quantum of such tariffs, the goods on which they may be applied and the ultimate effect of tariffs or other trade disputes on the Company's supply chains, the Company continues to monitor developments and may take steps to limit the effect of any tariffs or trade disputes on it as may be appropriate in the circumstances. The costs guidance provided in this news release does not include any potential impact from such tariffs or trade disputes. Strengthened Financial Position Driven by Strong Free Cash Flow and Strategic Debt Reduction Cash and cash equivalents increased by $797 million from the prior quarter primarily due to cash provided by operating activities resulting from strong operating margins (strong operational performance and higher realized gold prices), favourable changes in non-cash components of working capital (increase in accrued taxes payable as a result of higher operating margins) and the disposition of the Company's interest in Orla Mining Ltd. for $405 million. The increase was offset by $626 million of capital expenditures and by cash used in financing activities as $400 million of debt was repaid during the third quarter of 2025. As at September 30, 2025, the Company's total long-term debt was $196 million. On September 29, 2025, the Company repaid the $50 million 4.15% 2015 senior notes at maturity and also redeemed the outstanding principal of $350 million of the 2018 senior notes with interest rates ranging from 4.38% to 4.63%. The aggregate payments were comprised of $50 million of the current portion of long-term debt and $350 million of long-term debt. The repayment will reduce interest expense, strengthen the balance sheet and enhance financial flexibility going forward. No amounts were outstanding under the Company's unsecured revolving bank credit facility as at September 30, 2025 and available liquidity under the facility remained at approximately $2 billion, not including the uncommitted $1 billion accordion feature. On August 26, 2025, Moody's Ratings upgraded the Company's investment grade credit rating to A3 with a Stable Outlook reflecting the Company's strengthening credit profile and conservative financial policies. The Company strives to maintain a strong financial position and an investment grade balance sheet. The Company increased its net cash position from $963 million as at June 30, 2025 to $2,159 million as at September 30, 2025 as a result of the increase in cash and cash equivalents of $797 million and the reduction of long-term debt of $400 million. The following table sets out the calculation of net cash (debt). Net Cash Summary (millions) As at As at Sep 30, 2025 June 30, 2025 Current portion of long-term debt $                          — $                        (50) Non-current portion of long-term debt (196) (545) Long-term debt $                      (196) $                      (595) Cash and cash equivalents 2,355 1,558 Net cash (debt) $                     2,159 $                        963 Hedges The Company's full year 2025 cost guidance is based on assumed exchange rates of 1.38 C$/US$, 1.08 US$/EUR, 1.50 A$/US$ and 20.00 MXP/US$. The Company has entered into the following hedge positions based on its currency assumptions for 2025 cost estimates: Approximately 63% of the remaining estimated Canadian dollar exposure for 2025 is hedged at an average floor price providing protection in respect of exchange rate movements below 1.37 C$/US$, while allowing for participation in respect of exchange rate movements up to an average of 1.42 C$/US$; Approximately 32% of the remaining estimated Euro exposure for 2025 is hedged at an average floor price providing protection in respect of exchange rate movements above 1.10 US$/EUR, while allowing for participation in respect of exchange rate movements down to an average of 1.07 US$/EUR; Approximately 53% of the remaining estimated Australian dollar exposure for 2025 is hedged at an average floor price providing protection in respect of exchange rate movements below 1.50 A$/US$, while allowing for participation in respect of exchange rate movements up to an average of 1.70 A$/US$; and Approximately 45% of the remaining estimated Mexican peso ("MXN") exposure for 2025 is hedged at an average floor price providing protection in respect of exchange rate movements below 19.50 MXP/US$, while allowing for participation in respect of exchange rate movements up to an average of 24.00 MXP/US$. With the 2025 sealift purchases at the Company's Nunavut operations largely completed, approximately 41% of the Company's remaining estimated diesel exposure for 2025 is hedged at an average benchmark price of $0.70 per litre (excluding transportation and taxes), which is expected to reduce the Company's exposure to diesel price volatility for 2025. The Company's full year 2025 cost guidance is based on an assumed diesel benchmark price of $0.78 per litre (excluding transportation and taxes). The Company will continue to monitor market conditions and anticipates continuing to opportunistically add to its operating currency and diesel hedges to strategically support its key input costs for the balance of 2025. Current hedging positions are not factored into 2025 or future guidance. Shareholder Returns Dividend Record and Payment Dates for the Fourth Quarter of 2025 The Company's Board of Directors has declared a quarterly cash dividend of $0.40 per common share, payable on December 15, 2025 to shareholders of record as of December 1, 2025. Agnico Eagle has declared a cash dividend every year since 1983. Expected Dividend Record and Payment Dates for the 2025 Fiscal Year Record Date Payment Date February 28, 2025* March 14, 2025* May 30, 2025* June 16, 2025* September 2, 2025* September 15, 2025* December 1, 2025** December 15, 2025** Dividend Reinvestment Plan For information on the Company's dividend reinvestment plan, see: Dividend Reinvestment Plan. International Dividend Currency Exchange For information on the Company's international dividend currency exchange program, please contact Computershare Trust Company of Canada by phone at 1.800.564.6253 or online at www.investorcentre.com or www.computershare.com/investor. Normal Course Issuer Bid The Company believes that its NCIB is a flexible and complementary tool that, together with the quarterly dividend, is part of the Company's overall capital allocation program and generates value for shareholders. Under the NCIB, the Company is authorized to purchase up to $1 billion of its common shares, subject to a maximum of 5% of the issued and outstanding common shares. Purchases under the NCIB may continue for up to one year from its commencement on May 4, 2025. In the third quarter of 2025, the Company repurchased 1,005,577 common shares under the NCIB at an average share price of $149.02 for aggregate consideration of $150 million. In the first nine months of 2025, the Company repurchased 2,330,112 common shares under the NCIB at an average share price of $128.66 for aggregate consideration of $300 million. Update on Key Value Drivers and Pipeline Projects Canadian Malartic The Company continues to advance the transition to underground mining with the construction of the Odyssey mine and is working on several opportunities with the goal to potentially grow annual production at Canadian Malartic to one million ounces per year in the 2030s. These opportunities include the potential for (i) a second shaft at Odyssey, (ii) the development of a satellite open pit at Marban and (iii) the development of the Wasamac underground project. Marban and Wasamac are located approximately 12 kilometres and 100 kilometres from the Canadian Malartic mill, respectively. Odyssey In the third quarter of 2025, mine development advanced by 4,770 metres, with a focus on the development of the East Gouldie production levels. The breakthrough of the ramp to the mid-shaft loading station at level 102 was completed in the third quarter of 2025, and the main ramp toward shaft bottom progressed to a depth of 1,059 metres as at September 30, 2025. At East Gouldie, preparatory work, including the installation of the paste distribution infrastructure and essential services, progressed on schedule for the planned production start-up in the second half of 2026. Development of the main ventilation system advanced with the excavation of the main raise ongoing, reaching level 58, where construction of the main exhaust fan rooms began. Excavation and construction of the first loading station between levels 102 and 114 were completed in July 2025, ahead of schedule. Conventional shaft sinking activities resumed in August, achieving a record monthly average of 2.32 metres per day in September. As at September 30, 2025, the shaft reached a depth of 1,348 metres. The Company has approved the extension of the shaft #1 by 70 metres to a depth of 1,870 metres, the relocation of the loading station at shaft bottom to level 181 from level 174 and the addition of a loading station at level 146. The engineering for this new layout commenced in the third quarter of 2025 and the excavation of the second loading station is now expected to begin in early 2026. This adjustment is expected to improve operational flexibility and efficiency in the early 2030s, reduce reliance on truck haulage, and further unlock the significant exploration potential at depth. Construction of key surface infrastructure progressed on schedule and on budget. The shaft ventilation system at the main hoist building was completed and is now being commissioned. Fabrication of the production hoist is underway in Germany, with delivery expected in 2026. Construction progressed on phase two of the paste plant (design capacity of 20,000 tpd) and is expected to be completed in 2027. In exploration drilling at the Odyssey mine and surrounding near-mine exploration properties during the third quarter of 2025, 13 underground rigs and 16 surface rigs drilled a total of 87,891 metres (239,829 metres year-to-date). The drilling program at Odyssey targeted the upper eastern, lower eastern and lower western extensions of the East Gouldie deposit, the new Eclipse zone and portions of the Odyssey deposit near the Odyssey shaft. Regional exploration was focused on the 16-kilometre long land package around the mine, with additional activities conducted on the Marban land package located immediately northeast of the Canadian Malartic property. Drilling in the upper eastern extension of East Gouldie near the current shaft and ramp infrastructure was highlighted by hole UGEG-075-056 intersecting 4.8 g/t gold over 25.4 metres at 884 metres depth, including 12.0 g/t gold over 7.0 metres at 881 metres depth and hole UGEG-075-054 intersecting 5.5 g/t gold over 15.4 metres at 907 metres depth, including 8.2 g/t gold over 8.0 metres at 905 metres depth. The Company believes this area of East Gouldie has the potential to add indicated mineral resources and potentially mineral reserves to East Gouldie by year-end. The drilling success should benefit the ramping up of mining operations and provide additional flexibility in mine development at East Gouldie, including a potential second mining area in the upper part of the mine. Drilling into the lower eastern extension of the East Gouldie deposit beyond the current mineralized envelope was highlighted by hole MEX24-322WBZA intersecting 2.3 g/t gold over 29.9 metres at 1,991 metres depth including 4.0 g/t gold over 11.3 metres at 2,001 metres depth. These results continue to extend East Gouldie at depth and to the east and are expected to contribute additional inferred mineral resources in this portion of the deposit at year-end 2025. In the lower western extension of East Gouldie approximately 1.5 kilometres west of hole MEX24-322WBZA, hole MEX25-337 intersected 2.0 g/t over 51.8 metres at 1,531 metres depth and hole MEX25-337W intersected 3.3 g/t gold over 21.6 metres at 1,352 metres depth, including 6.2 g/t Au over 7.7 metres at 1,353 metres depth. In the sub-parallel Eclipse zone approximately 300 metres to the north of East Gouldie, hole MEX25-309WZ returned 3.9 g/t gold over 10.1 metres at 1,057 metres depth, further increasing the confidence in the geological understanding of the zone and its potential to add significant mineral resources near planned mine infrastructure. Drilling into the Odyssey deposit returned highlights that included: hole MEV25-304 intersecting 3.6 g/t gold over 14.0 metres at 250 metres depth in the shallow eastern extension of the Odyssey South zone; hole UGOD-075-032 intersecting 3.6 g/t gold over 14.3 metres at 810 metres depth and 10.7 g/t gold over 5.3 metres at 822 metres depth in the Odyssey internal zones; and hole UGOD-075-043 intersecting 3.3 g/t gold over 13.3 metres at 943 metres depth in the Odyssey North zone. Selected recent drill intersections from Odyssey are set out in the composite longitudinal section below and in Appendix A. [Odyssey – Composite Cross and Longitudinal Section s ] Marban As part of the Company's "fill-the-mill" strategy at the Canadian Malartic complex, the Marban property, located immediately northeast of the Canadian Malartic property, was acquired in March 2025 as an advanced exploration project that could potentially support an open pit mining operation similar to the Barnat open pit operation at Canadian Malartic. Drilling at the Marban project by the Company began in May 2025 with 96 holes totalling 31,000 metres completed at the end of the third quarter. The objective of the program in 2025 is to confirm and extend the Marban gold deposit both within the Marban property and onto Agnico Eagle's adjacent Callahan property to the north, south and east, so that any future pit design will not be constrained by property boundary considerations. Recent drilling into the eastern extension of historic mineral resources at the Marban pit produced highlights that included: hole MRB25-038 intersecting 3.3 g/t gold over 11.4 metres (core length) at 80 metres depth and 4.1 g/t gold over 3.4 metres (core length) at 165 metres depth; and hole MRB25-030 intersecting 4.3 g/t gold over 5.5 metres at 309 metres depth and 4.6 g/t gold over 10.9 metres at 384 metres depth. Selected recent drill intersections from Marban are set out in the composite longitudinal section below and in Appendix A. [ Ma rban – Composite Longitudinal Section ] Detour Lake Excavation of the exploration ramp commenced with the first blast completed on July 3, 2025. The exploration ramp advanced by 259 metres and reached a depth of 43 metres as at September 30, 2025. The Company is focused on advancing the ramp toward the West Extension zone, where a bulk sample is planned from domain 54 at Level 200 in the first half of 2027. In the third quarter of 2025, the underground project engineering advanced with emphasis on the electrical distribution, the portal for the conveyor ramp and major surface and underground infrastructure. Exploration drilling at Detour Lake during the third quarter of 2025 totalled 60,000 metres (162,500 metres year-to-date) of a planned 223,500 metres in 2025, which includes a supplemental budget of $9.4 million approved in the third quarter of 2025 for an additional 55,000 metres of capitalized drilling. The exploration program continued to focus on infill drilling into the high-grade corridor at underground depths in the West Pit zone and infill drilling into the West Extension zone at underground depths west of the West Pit mineral resources and next to the exploration ramp currently under development for the underground project. These results further strengthen the mineralization model supporting the underground project west of and under the open pit at Detour Lake. The drilling into the high-grade corridor in the West Pit zone during the third quarter further defined the high-grade domains that could potentially be mined earlier in the underground project within the larger lower grade envelope and further validated the current geological interpretation of the high-grade corridor. Highlight hole DLM25-1163 intersected multiple mineralized domains in the high-grade corridor including 17.2 g/t gold over 3.3 metres at 486 metres depth, 2.1 g/t gold over 34.5 metres at 518 metres depth, including 4.0 g/t gold over 10.3 metres at 523 metres depth, 10.2 g/t gold over 2.8 metres at 595 metres depth, 8.0 g/t gold over 15.0 metres at 746 metres depth, including 27.0 g/t gold over 4.7 metres at 750 metres depth, 5.4 g/t gold over 13.2 metres at 783 metres depth and 5.3 g/t gold over 4.7 metres at 806 metres depth. Approximately 1.6 kilometres west of hole DLM25-1163 and within the high-grade corridor, hole DLM25-1164 intersected 2.7 g/t gold over 55.7 metres at 297 metres depth, including 11.8 g/t gold over 9.0 metres at 313 metres depth, and 4.6 g/t gold over 12.4 metres at 381 metres depth. Drilling into the West Extension zone in the western portion of current underground mineral resources further confirmed the grades and continuity of mineralization in the western plunge of the deposit, with highlights that included hole DLM25-1179B intersecting 7.4 g/t gold over 26.8 metres at 538 metres depth, including 10.3 g/t gold over 3.1 metres at 526 metres depth and 23.6 g/t gold over 6.3 metres at 542 metres depth; and hole DLM25-1162 intersecting 0.8 g/t gold over 108.6 metres at 575 metres depth. Selected recent drill intersections from Detour Lake are set out in the composite longitudinal section below and in Appendix A. [Detour Lake – Composite Longitudinal Section] Upper Beaver In the third quarter of 2025, the shaft head frame was completed with the final installation of structural steel and cladding. Rope installation for the winches and service hoist in the hoist room is now complete, the service hoist is ready for commissioning and shaft sinking is scheduled to begin in the fourth quarter of 2025. In the advanced exploration phase, the Company plans to sink the shaft to a depth of 760 metres in the first half of 2027 in order to establish underground drilling platforms and to collect a bulk sample. At the ramp portal, excavation of the exploration ramp commenced with the first blast completed in July 2025. The exploration ramp advanced by 268 metres and reached a depth of 22 metres as at September 30, 2025. The Company intends to advance the exploration ramp to a depth of 160 metres by the second half of 2026 to collect a bulk sample. At the water treatment plant, piping and electrical installations are completed, with commissioning also expected in the fourth quarter of 2025. Hope Bay In the third quarter of 2025, excavation of the Naartok East exploration ramp at Madrid advanced by 580 metres and reached a depth of 62 metres as at September 30, 2025. The 2.1-kilometre exploration ramp is expected to be developed to a depth of 100 metres to facilitate infill and expansion drilling along the Madrid zones. During the quarter, the Company advanced site preparations for potential redevelopment. At Doris, the first new camp wing was completed and delivered and the second new wing is in place, with completion expected in the fourth quarter of 2025. At Robert's Bay, the jetty expansion was finalized ahead of the 2025 sealift season. The mill was fully dismantled, with major components readied for shipment. As part of the dismantling of the mill, 2,442 ounces of gold were recovered and sold in the third quarter of 2025. Additional construction equipment and service infrastructure were mobilized and shipped to site. The technical evaluation for a larger production scenario and detailed engineering advanced during the quarter, with study completion targeted for the first half of 2026, when engineering progress is expected to reach approximately 40%. Exploration drilling at Hope Bay during the third quarter of 2025 totalled 34,971 metres (103,815 metres year-to-date) with a continued focus on mineral resource expansion and conversion of the Patch 7 zone in the Madrid deposit. Results continued to demonstrate continuity within the known zones at Madrid and support the potential for mineral resource expansion at depth and along strike in both directions. Highlights included: HBM25-381 intersecting 16.9 g/t gold over 4.6 metres at 866 metres depth, including 50.0 g/t gold over 0.85 metres at 865 metres depth in one of the deepest intercepts of Patch 7 to date; hole HBM25-364, located 650 metres south of hole HBM25-381, intersecting 12.7 g/t gold over 9.3 metres at 834 metres depth; and hole HBM25-354, located a further 720 metres south of hole HBM25-364, intersecting 10.7 g/t gold over 3.8 metres at 348 metres depth in the southernmost portion of Patch 7, which remains open in this area to the south and at depth. Drilling into parallel eastern mineralized shear zones within Patch 7 was highlighted by hole HBM25-367 intersecting 6.7 g/t gold over 10.8 metres at 374 metres depth and 8.9 g/t gold over 3.7 metres at 386 metres depth; and hole HBM25-365 intersecting 6.0 g/t gold over 9.8 metres at 486 metres depth. Selected recent drill intersections from the Madrid deposit are set out in the composite longitudinal section below and in Appendix A. [Madrid Deposit at Hope Bay – Composite Longitudinal Section] With helicopter-supported drilling completed for the season, land-based exploration drilling at Madrid is ongoing and will continue through the winter into 2026. This work will further test deeper areas within the Patch 7 and Suluk zones, as well as the southern trend of the Madrid deposit along Patch Lake, including the Patch 14 zone. San Nicolas Copper Project (50/50 joint venture with Teck Resources Limited) In the third quarter of 2025, Minas de San Nicolas advanced the feasibility study and execution strategy, with engineering expected to be 30% complete by year end. Engagement with government authorities and stakeholders continued to support the review of both the MIA-R (Environmental Impact Assessment) and ETJ (Land Use Change) permits. Engineering of the critical infrastructure remains a priority to continue building confidence in the study, reduce execution risk and prepare for a potential approval decision. During the quarter, drilling activities also progressed, focusing on condemnation drilling and geological evaluation near the projected mine area. Third Quarter 2025 Sustainability Highlights Triple Platinum Win for the Arctic Edge podcast – The Company is proud to have released a special podcast series, The Arctic Edge: Stories from Canada's Frontier, focused on stories and interviews that celebrate the unique identity of Nunavut and the broader Canadian North. It explores the region's social, economic and environmental opportunities and responsibilities, highlighting the importance of sustainable change with a goal to inspire a deeper appreciation for the North's rich heritage and its immense potential. In recognition of its excellence in quality, creativity and resourcefulness, the podcast won the following three Platinum MarCom Awards administered by the Association of Marketing and Communication Professionals: Outstanding podcast production Web element: podcast Educational podcast series The Company extends its gratitude to its production collaborators as well as the valued guests who generously shared their stories Recipient of the 2025 Silver Helmet Award – The Chamber of Mining of Mexico (CAMIMEX) granted La India the 2025 Silver Helmet Award in the open pit mine category in recognition of its excellence in mine safety standards Launch of the Macassa Mining School – The Macassa Mining School is an in-house training program that provides mentorship from experienced industry professionals and hands-on learning to build technical skills for a career in underground mining. The program was launched in September 2025 with an initial cohort of eight participants (38% identifying as First Nations) Reorganization of Non-Core Investments in Critical Minerals The development of critical minerals has emerged as a global priority, one which offers Canada a unique opportunity to diversify its mineral resource base and strengthen its economic resilience. Recognizing the significant potential of critical minerals, the Company deployed a small (3-person), dedicated team to evaluate critical mineral projects over the past three years. Consistent with its early-stage investment strategy, the Company has made small, early-stage investments in a number of non-gold and non-copper projects over that period to gain insight into critical mineral projects and potential partners. The Company believes it is the right time to reorganize these non-core investments under a new entity and has approved the establishment of Avenir Minerals Limited ("Avenir"), which will be a subsidiary of Agnico Eagle. Avenir will be dedicated to evaluating and advancing critical mineral opportunities in the regions in which Agnico Eagle operates, with an initial geographic focus on Canada. This initiative will allow the Company to maintain its disciplined focus on its core operations while exploring opportunities to enhance long-term shareholder value. The Company expects to contribute its portfolio of non-gold and non-copper strategic investments, which have a current aggregate market value of approximately $80 million, as well as $50 million in cash as funding for Avenir. While the Company is not committed to additional funding of Avenir, it will retain a right of first refusal on future investment opportunities and may contribute additional capital in the future. Avenir is expected to become an independent and self-sustaining entity with a mandate to pursue strategic partnerships and government support to help fund and advance future opportunities. By formalizing its critical minerals strategy through the establishment of Avenir, the Company aims to realize value from early-stage assets and opportunities. This initiative reflects the Company's disciplined approach to capital allocation while preserving optionality in the long-term potential of critical minerals. ABITIBI REGION, QUEBEC Strong Operational Performance Continues to Drive Gold Production; Record Throughput at Goldex for Second Consecutive Quarter Abitibi Quebec – Operating Statistics Three Months Ended September 30, 2025 LaRonde CanadianMalartic Goldex Consolidated Abitibi Quebec Tonnes of ore milled (thousands) 764 5,091 843 6,698 Tonnes of ore milled per day 8,304 55,337 9,163 72,804 Gold grade (g/t) 3.54 1.05 1.26 1.36 Gold production (ounces) 81,522 156,875 29,375 267,772 Production costs per tonne (C$) C$             128 C$               33 C$               59 C$               47 Minesite costs per tonne (C$)9 C$             157 C$               41 C$               63 C$               57 Production costs per ounce $                868 $                793 $             1,224 $                863 Total cash costs per ounce $                926 $                959 $             1,076 $                962 Nine Months Ended September 30, 2025 LaRonde CanadianMalartic Goldex ConsolidatedAbitibiQuebec Tonnes of ore milled (thousands) 2,113 14,919 2,454 19,486 Tonnes of ore milled per day 7,740 54,648 8,989 71,377 Gold grade (g/t) 4.15 1.11 1.38 1.47 Gold production (ounces) 264,265 489,179 92,509 845,953 Production costs per tonne (C$) C$             160 C$               33 C$               62 C$               51 Minesite costs per tonne (C$) C$             163 C$               43 C$               63 C$               58 Production costs per ounce $                913 $                734 $             1,171 $                838 Total cash costs per ounce $                822 $                919 $                997 $                897 See the MD&A under the caption "Financial and Operating Results" for a variance analysis on gold production, production costs, minesite costs per tonne and total cash costs per ounce compared to the prior-year periods. ___________________________________________ 9 Minesite costs per tonne is a non-GAAP measure that is not standardized under IFRS Accounting Standards and is reported on a per tonne of ore milled basis. For a description of the composition and usefulness of this non-GAAP measure and a reconciliation to production costs see "Note Regarding Certain Measures of Performance" below. Regional Highlights Gold production in the quarter was higher than planned primarily as a result of higher throughput at the LaRonde mine and higher grades at the Barnat pit at Canadian Malartic. The higher throughput at LaRonde was primarily due to strong underground hauling and hoisting performance at LaRonde and additional tonnage mined and processed from LZ5. The higher gold grades at Canadian Malartic were a result of the continued mining of mineralized zones near historical underground stopes in the Barnat pit that returned higher grades than anticipated At LZ5, the Company continued its automation initiatives and achieved its automation targets. Approximately 20% of the ore hauled to surface was moved using automated scoops and trucks, contributing to the strong overall performance of the site at an average of 3,600 tpd, above the production target of 3,500 tpd for the third quarter of 2025 At Odyssey, total development during the quarter was approximately 4,770 metres, including record development in September of approximately 1,660 metres. Gold production was slightly ahead of plan at approximately 22,400 ounces driven by higher ore mined of approximately 3,634 tpd compared to the target of 3,500 tpd At Goldex, record quarterly tonnage was processed for the second consecutive quarter at approximately 844,000 tonnes, driven by record total tonnage processed from Akasaba West Canadian Malartic has a planned shutdown of four to five days for regular maintenance at the mill in the fourth quarter of 2025 An update on Odyssey and the "fill-the-mill" strategy is set out in the Update on Key Value Drivers and Pipeline Projects section above ABITIBI REGION, ONTARIO Record Quarterly Mill Throughput at Detour Lake; Higher Grades Drive Strong Production at Macassa Abitibi Ontario – Operating Statistics Three Months Ended September 30, 2025 Detour Lake Macassa Consolidated Abitibi Ontario Tonnes of ore milled (thousands) 7,351 133 7,484 Tonnes of ore milled per day 79,902 1,446 81,348 Gold grade (g/t) 0.82 18.95 1.14 Gold production (ounces) 176,539 78,832 255,371 Production costs per tonne (C$) C$                    28 C$                  510 C$                    37 Minesite costs per tonne (C$) C$                    28 C$                  547 C$                    37 Production costs per ounce $                     856 $                     617 $                     783 Total cash costs per ounce $                     831 $                     659 $                     778 Nine Months Ended September 30, 2025 Detour Lake Macassa Consolidated Abitibi Ontario Tonnes of ore milled (thousands) 20,817 424 21,241 Tonnes of ore milled per day 76,253 1,553 77,806 Gold grade (g/t) 0.83 18.98 1.19 Gold production (ounces) 497,649 252,224 749,873 Production costs per tonne (C$) C$                    29 C$                  484 C$                    38 Minesite costs per tonne (C$) C$                    30 C$                  537 C$                    40 Production costs per ounce $                     859 $                     582 $                     766 Total cash costs per ounce $                     894 $                     643 $                     810 See the MD&A under the caption "Financial and Operating Results" for a variance analysis by minesite on gold production, production costs, minesite costs per tonne and total cash costs per ounce compared to the prior-year periods. Regional Highlights Gold production in the quarter was in line with plan at both Macassa and Detour Lake. At Macassa, gold grades were higher than anticipated as a result of positive grade reconciliation and a change in mine sequencing, offsetting lower mill throughput caused by restriction at the mill from an unplanned downtime of the secondary mill in August 2025. The mill returned to normal operating levels by quarter-end At Detour Lake, the mill achieved record quarterly throughput of approximately 79,900 tpd, driven by optimization initiatives and record run-time as no major shutdown was planned in the quarter. The higher throughput offset lower gold grades, which resulted from processing supplemental ore from the low-grade stockpile. The open pit mining rate was affected by slower progress around the historical underground workings, which resulted in lower-than-planned run-of-mine ore tonnes. The grade profile is expected to improve in the fourth quarter of 2025 based on the planned mining sequence At Macassa, construction of the new paste plant continued during the third quarter of 2025 and is essentially complete. Operational readiness and testing are ongoing with completion expected in December 2025 Detour Lake completed a major shutdown of seven days for regular mill maintenance in October 2025. Macassa has scheduled a major shutdown of five days for the primary grinding mill liner replacement, the annual overhaul of the crusher and other regular mill maintenance in the fourth quarter of 2025 Updates on the Detour Lake underground and Upper Beaver projects are set out in the Update on Key Value Drivers and Pipeline Projects section above NUNAVUT Gold Production Driven by Record Quarterly Tonnes Processed at Meliadine and Meadowbank; Drilling at IVR and Whale Tail Continues to Demonstrate Continuity of High-Grade Mineralization Nunavut – Operating Statistics Three Months Ended September 30, 2025 Meliadine Meadowbank Consolidated Nunavut Tonnes of ore milled (thousands) 627 1,177 1,804 Tonnes of ore milled per day 6,815 12,793 19,608 Gold grade (g/t) 4.83 3.96 4.26 Gold production (ounces) 93,836 136,152 229,988 Production costs per tonne (C$) C$                  187 C$                  191 C$                  190 Minesite costs per tonne (C$) C$                  234 C$                  194 C$                  208 Production costs per ounce $                     913 $                  1,200 $                  1,083 Total cash costs per ounce $                  1,128 $                  1,192 $                  1,166 Nine Months Ended September 30, 2025 Meliadine Meadowbank Consolidated Nunavut Tonnes of ore milled (thousands) 1,730 2,906 4,636 Tonnes of ore milled per day 6,337 11,813 18,150 Gold grade (g/t) 5.26 4.45 4.75 Gold production (ounces) 282,611 378,213 660,824 Production costs per tonne (C$) C$                  228 C$                  190 C$                  204 Minesite costs per tonne (C$) C$                  239 C$                  189 C$                  207 Production costs per ounce $                  1,000 $                  1,048 $                  1,027 Total cash costs per ounce $                  1,050 $                  1,036 $                  1,042 See the MD&A under the caption "Financial and Operating Results" for a variance analysis by minesite on gold production, production costs, minesite costs per tonne and total cash costs per ounce compared to the prior-year periods. Regional Highlights Gold production in the quarter was better than planned as a result of record throughput at both the Meliadine and Meadowbank mills, partially offset by lower than expected grades at Meliadine At Meliadine, the mill achieved record quarterly throughput of 6,815 tpd as a result of mill optimization initiatives after the completion of the Phase 2 mill expansion. Gold grades were lower in the quarter as a result of stope sequencing and the processing of stockpiles at an average lower grade than planned At Meadowbank, the mill achieved record quarterly throughput of 12,793 tpd. The mill throughput during the quarter benefited from additional ore stockpiled in the previous quarter during the mill shutdowns caused by a longer-than-expected caribou migration In the fourth quarter of 2025, Meliadine has a four-day scheduled shutdown for regular mill maintenance. Meadowbank has a five-day scheduled major shutdown to replace the SAG and ball mill liners and complete other regular mill maintenance An update on Hope Bay is set out in the Update on Key Value Drivers and Pipeline Projects section above Exploration Highlights at Amaruq Exploration drilling totalling 80 holes (28,747 metres) was completed at Amaruq during 2024 and the first three quarters of 2025 to confirm and extend mineral resources near surface at the IVR Zone and at depth in the IVR and Whale Tail zones as part of the evaluation of mining scenarios that could potentially extend the life of mine at Amaruq at relatively low geological risk and low capital outlay At shallow depth in the IVR Zone, drilling was completed mostly within the IVR pit footprint to potentially add mineral reserves and mineral resources and investigate a pit pushback that could potentially extend the life of mine. Highlights included hole AMQ24-3190 intersecting 21.0 g/t gold over 4.3 metres at 172 metres depth and hole AMQ24-3191 intersecting 14.8 g/t gold over 5.6 metres at 177 metres depth In the deep extensions of the IVR Zone below current mineral resources, the drilling had the objective of potentially adding mineral resources at depth, with highlights that included hole AMQ24-3105A intersecting 9.2 g/t gold over 7.5 metres at 826 metres depth and hole AMQ24-3091B intersecting 6.0 g/t gold over 16.2 metres at 873 metres depth, including 10.2 g/t gold over 4.9 metres at 879 metres depth The deep drilling of the Whale Tail Zone had the objective of converting inferred mineral resources and adding inferred mineral resources at greater depths, where the zone remains open laterally and at depth. Highlights included: conversion hole AMQ25-3221B intersecting 12.8 g/t gold over 4.1 metres at 547 metres depth and 4.5 g/t gold over 6.2 metres at 620 metres depth; and, below current mineral resources, hole AMQ25-3215B intersecting 8.4 g/t gold over 7.9 metres at 774 metres depth and hole AMQ24-3157 intersecting 11.8 g/t gold over 4.6 metres at 890 metres depth The recent conversion and exploration drilling completed at the IVR and Whale Tail zones has demonstrated the grade and thickness continuity of high-grade mineralization at both shallow and underground depths and improved confidence in the geological model of both zones. The Company anticipates adding mineral reserves at shallow depths and mineral resources at shallow and underground depths in these areas at year-end 2025, and will provide an update on potential mine-life extension for the Amaruq mine in the first quarter of 2026 Selected drill intersections from the Amaruq deposit from 2024 and 2025 are set out in the composite longitudinal section below and in Appendix A. [ Amaruq – Composite Longitudinal Section] AUSTRALIA Quarterly Gold Production on Target; Primary Fans Transition to Underground Substantially Complete Fosterville – Operating Statistics Three Months EndedSeptember 30, 2025 Nine Months EndedSeptember 30, 2025 Tonnes of ore milled (thousands) 198 549 Tonnes of ore milled per day 2,152 2,011 Gold grade (g/t) 5.76 7.56 Gold production (ounces) 34,966 128,155 Production costs per tonne (A$) A$                                295 A$                                307 Minesite costs per tonne (A$) A$                                289 A$                                315 Production costs per ounce $                               1,088 $                                   851 Total cash costs per ounce $                               1,066 $                                   870 See the MD&A under the caption "Financial and Operating Results" for a variance analysis by minesite on gold production, production costs, minesite costs per tonne and total cash costs per ounce compared to the prior-year periods. Highlights Gold production for the quarter was in line with plan, with gold grades aligning with annual guidance following stronger than expected performance in the first half of the year The Company is implementing an upgrade of the primary ventilation system to sustain the mining rate in the Lower Phoenix zones in future years. Construction and equipment installation progressed in the main fan chambers, with civil works completed and major components installed and electrical work underway. Equipment installation and commissioning is expected to be completed in the first quarter of 2026 Fosterville has scheduled a five-day shutdown for regular mill maintenance in the fourth quarter of 2025 FINLAND Three Million Ounce Milestone Achieved with Strong Quarterly Gold Production; Optimization Initiatives Continue to Realize Cost Benefits Kittila – Operating Statistics Three Months EndedSeptember 30, 2025 Nine Months EndedSeptember 30, 2025 Tonnes of ore milled (thousands) 558 1,562 Tonnes of ore milled per day 6,065 5,722 Gold grade (g/t) 3.91 3.91 Gold production (ounces) 57,954 162,415 Production costs per tonne (€) €                                     95 €                         99 Minesite costs per tonne (€) €                                     94 €                         99 Production costs per ounce $                               1,066 $                   1,063 Total cash costs per ounce $                               1,036 $                   1,058 See the MD&A under the caption "Financial and Operating Results" for a variance analysis by minesite on gold production, production costs, minesite costs per tonne and total cash costs per ounce compared to the prior-year periods. Highlights Gold production in the quarter was in line with plan, with higher mill throughput driven by improved mill runtime and strong mine performance, offsetting the lower gold grades. The mine continues to realize productivity gains through sustained improvement efforts over the past year. Lower gold grades reflect slight adjustment to the mining sequence Minesite costs per tonne continue to improve as the benefits of continuous improvement initiatives are realized. Minesite costs per tonne in the first nine months of 2025 decreased by approximately 6%, from €105 to €99 per tonne, when compared to the prior-year period. This decrease was achieved despite the increase in royalty costs per tonne of approximately €2 due to higher gold prices in the first nine months of 2025 compared to the prior-year period MEXICO Gold Production in Line with Target, Driven by Solid Underground Performance at Cubiro Pinos Altos – Operating Statistics Three Months EndedSeptember 30, 2025 Nine Months EndedSeptember 30, 2025 Tonnes of ore milled (thousands) 431 1,252 Tonnes of ore milled per day 4,685 4,586 Gold grade (g/t) 1.57 1.55 Gold production (ounces) 20,885 59,539 Production costs per tonne $                                  129 $                                  119 Minesite costs per tonne $                                  123 $                                  120 Production costs per ounce $                               2,655 $                               2,498 Total cash costs per ounce $                               1,906 $                               2,017 See the MD&A under the caption "Financial and Operating Results" for a variance analysis by minesite on gold production, production costs, minesite costs per tonne and total cash costs per ounce compared to the prior-year periods. About Agnico Eagle Canadian-based and led, Agnico Eagle is Canada's largest mining company and the second largest gold producer in the world. It produces precious metals from operations in Canada, Australia, Finland and Mexico and has a pipeline of high-quality exploration and development projects. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983. About this News Release Unless otherwise stated, references to "Canadian Malartic", "Goldex", "LaRonde" and "Meadowbank" are to the Company's operations at the Canadian Malartic complex, the Goldex complex, the LaRonde complex and the Meadowbank complex, respectively. The Canadian Malartic complex consists of the mining, milling and processing operations at the Canadian Malartic mine and the mining operations at the Odyssey mine. The Goldex complex consists of the mining, milling and processing operations at the Goldex mine and the mining operations at the Akasaba West open pit mine. The LaRonde complex consists of the mining, milling and processing operations at the LaRonde mine and the mining operations at the LaRonde Zone 5 mine. The Meadowbank complex consists of the milling and processing operations at the Meadowbank mine and the mining operations at the Amaruq open pit and underground mines. References to other operations are to the relevant mines, projects or properties, as applicable. When used in this news release, the terms "including" and "such as" mean including and such as, without limitation. The information contained on any website linked to or referred to herein (including the Company's website) is not part of this news release. Note Regarding Certain Measures of Performance This news release discloses certain financial performance measures and ratios, including "total cash costs per ounce", "minesite costs per tonne", "all-in sustaining costs per ounce" (or "AISC per ounce"), "adjusted net income", "adjusted net income per share", "cash provided by operating activities before changes in non-cash components of working capital", "cash provided by operating activities before changes in non-cash components of working capital per share", "EBITDA" which means earnings before interest, taxes, depreciation and amortization, "adjusted EBITDA", "free cash flow", "free cash flow before changes in non-cash components of working capital", "operating margin", "sustaining capital expenditures", "development capital expenditures", "sustaining capitalized exploration", "development capitalized exploration" and "net cash (debt)", as well as, for certain of these measures their related per share ratios that are not standardized measures under IFRS Accounting Standards. These measures and ratios may not be comparable to similar measures and ratios reported by other gold producers and should be considered together with other data prepared in accordance with IFRS Accounting Standards. See below for a reconciliation of these measures to the most directly comparable financial information reported in the condensed interim consolidated financial statements prepared in accordance with IFRS Accounting Standards. Total cash costs per ounce and minesite costs per tonne Total cash costs per ounce is calculated on a per ounce of gold produced basis and is reported on both a by-product basis (deducting by-product metal revenues from production costs) and a 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 condensed interim consolidated statements of 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 and other adjustments, which include the costs associated with a 5% in-kind royalty paid in respect of certain portions of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa, as well as smelting, refining and marketing charges and then dividing by the number of ounces of gold produced. Given the nature of the fair value adjustment on inventory related to mergers and acquisitions and the use of the total cash costs per ounce measures to reflect the cash generating capabilities of the Company's operations, the calculation of total cash costs per ounce for Canadian Malartic have been adjusted for the effects of purchase price allocation. Investors should note that total cash costs per ounce is not reflective of all cash expenditures, as it does 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 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 with information about the cash-generating capabilities of the Company's mining operations. Management also uses these measures to, and believes they are useful 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 Accounting Standards and minesite costs per tonne as these measures are not necessarily indicative of operating costs or cash flow measures prepared in accordance with IFRS Accounting Standards. 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. Minesite costs per tonne are calculated by adjusting production costs as recorded in the condensed interim consolidated statements of income for inventory production costs and other adjustments, 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 Accounting Standards. The following table sets out the production costs per minesite for the three and nine months ended September 30, 2025 and September 30, 2024, as presented in the condensed interim consolidated statements of income in accordance with IFRS Accounting Standards. Total Production Costs by Mine Three Months Ended September 30, Nine Months Ended September 30, (thousands of United States dollars) 2025 2024 2025 2024 LaRonde mine $       46,960 $       74,244 $    172,146 $    193,482 LZ5 23,825 18,916 69,017 58,059 LaRonde 70,785 93,160 241,163 251,541 Canadian Malartic 124,353 128,984 359,025 399,893 Goldex 35,956 34,265 108,302 100,531 Quebec 231,094 256,409 708,490 751,965 Detour Lake 151,199 127,159 427,475 379,366 Macassa 48,652 48,086 146,744 146,763 Ontario 199,851 175,245 574,219 526,129 Meliadine 85,662 75,099 282,577 254,463 Meadowbank 163,403 115,705 396,409 352,881 Nunavut 249,065 190,804 678,986 607,344 Fosterville 38,036 44,346 109,094 114,824 Australia 38,036 44,346 109,094 114,824 Kittila 61,762 59,968 172,659 176,535 Finland 61,762 59,968 172,659 176,535 Pinos Altos 55,443 46,464 148,723 122,980 La India — 10,417 — 39,445 Mexico 55,443 56,881 148,723 162,425 Corporate and Other 4,070 — 4,070 — Production costs per the condensed interim consolidated statements of income $    839,321 $    783,653 $ 2,396,241 $ 2,339,222 The following tables set out a reconciliation of total cash costs per ounce (on both a by-product basis and co-product basis) and minesite costs per tonne to production costs for the three and nine months ended September 30, 2025 and September 30, 2024, exclusive of amortization, as presented in the condensed interim consolidated statements of income in accordance with IFRS Accounting Standards.  Reconciliation of Production Costs to Total Cash Costs per Ounce by Mine Three Months Ended September 30, 2025 (thousands, except as noted) Mine Payable gold production (ounces)(i) Production costs ($) Production costs per ounce ($) Inventory adjustments ($)(ii) Realized gains and losses on hedges ($) In-kind royalty ($)(iii) Smelting, refining and marketing charges ($) Total cash costs per ounce (co-product basis) ($) By-product metal revenues ($) Total cash costs per ounce (by-product basis) ($) LaRonde mine 59,172 46,960 794 19,432 (41) — 2,316 1,160 (19,003) 839 LZ5 22,350 23,825 1,066 1,617 (16) — 826 1,175 (395) 1,157 LaRonde 81,522 70,785 868 21,049 (57) — 3,142 1,164 (19,398) 926 Canadian Malartic 156,875 124,353 793 1,470 (306) 28,025 6 979 (3,151) 959 Goldex 29,375 35,956 1,224 2,732 (24) — 1,018 1,351 (8,072) 1,076 Quebec 267,772 231,094 863 25,251 (387) 28,025 4,166 1,076 (30,621) 962 Detour Lake 176,539 151,199 856 (15,420) (431) 12,183 1,384 844 (2,205) 831 Macassa 78,832 48,652 617 (184) (57) 3,878 110 665 (487) 659 Ontario 255,371 199,851 783 (15,604) (488) 16,061 1,494 788 (2,692) 778 Meliadine 93,836 85,662 913 20,706 (270) — (126) 1,129 (158) 1,128 Meadowbank 136,152 163,403 1,200 1,638 (389) — 99 1,210 (2,401) 1,192 Nunavut 229,988 249,065 1,083 22,344 (659) — (27) 1,177 (2,559) 1,166 Fosterville 34,966 38,036 1,088 (597) (28) — 29 1,071 (158) 1,066 Australia 34,966 38,036 1,088 (597) (28) — 29 1,071 (158) 1,066 Kittila 57,954 61,762 1,066 (415) (1,127) — (40) 1,038 (139) 1,036 Finland 57,954 61,762 1,066 (415) (1,127) — (40) 1,038 (139) 1,036 Pinos Altos 20,885 55,443 2,655 (1,704) (560) — 326 2,562 (13,691) 1,906 Mexico 20,885 55,443 2,655 (1,704) (560) — 326 2,562 (13,691) 1,906 Corporate and Other(iv) — 4,070 — (4,070) — — — — — — Consolidated 866,936 839,321 963 25,205 (3,249) 44,086 5,948 1,051 (49,860) 994 Notes: (i)      Gold production for the three months ended September 30, 2025 excludes 945 ounces of payable production of gold at La India and 189 ounces of payable production of gold at Creston Mascota, which were produced from residual leaching as well as 2,442 ounces of gold recovered at Hope Bay. (ii)    Under the Company's revenue recognition policy, revenue from contracts with customers is recognized upon the transfer of control over metals sold to the customer. As the total cash costs per ounce are calculated on a production basis, an inventory adjustment is made to reflect the portion of production not yet recognized as revenue. Included in inventory adjustments for Canadian Malartic for the three months ended September 30, 2025 is $3.7 million associated with the fair value allocated to inventory on Canadian Malartic as part of the purchase price allocation from the acquisition, on March 31, 2023, of the 50% of Canadian Malartic that Agnico Eagle did not then hold. (iii)    Relates to costs associated with a 5% in-kind royalty paid in respect of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa. (iv)   Relates to production costs associated with gold sold by non-operating minesites that are excluded from the consolidated cash costs calculation. Three Months Ended September 30, 2024 (thousands, except as noted) Mine Payable gold production (ounces) Production costs ($) Production costs per ounce ($) Inventory adjustments ($)(i) Realized gains and losses on hedges ($) In-kind royalty ($)(ii) Smelting, refining and marketing charges ($) Total cash costs per ounce (co-product basis) ($) By-product metal revenues ($) Total cash costs per ounce (by-product basis) ($) LaRonde mine 47,313 74,244 1,569 (14,425) 246 — 1,015 1,291 (10,097) 1,078 LZ5 18,292 18,916 1,034 3,752 86 — 1,030 1,300 (274) 1,285 LaRonde 65,605 93,160 1,420 (10,673) 332 — 2,045 1,294 (10,371) 1,135 Canadian Malartic 141,392 128,984 912 (2,590) 997 18,810 459 1,037 (1,777) 1,025 Goldex 30,334 34,265 1,130 (1,161) 148 — 762 1,121 (2,743) 1,031 Quebec 237,331 256,409 1,080 (14,424) 1,477 18,810 3,266 1,119 (14,891) 1,056 Detour Lake 173,891 127,159 731 (2,726) 1,247 8,752 1,974 784 (757) 779 Macassa 70,727 48,086 680 2,568 304 2,460 103 757 (442) 750 Ontario 244,618 175,245 716 (158) 1,551 11,212 2,077 776 (1,199) 772 Meliadine 99,838 75,099 752 13,212 505 — 65 890 (135) 889 Meadowbank 133,502 115,705 867 6,117 681 — (1) 918 (978) 910 Nunavut 233,340 190,804 818 19,329 1,186 — 64 906 (1,113) 901 Fosterville 65,532 44,346 677 (1,523) (80) — 23 653 (135) 651 Australia 65,532 44,346 677 (1,523) (80) — 23 653 (135) 651 Kittila 56,715 59,968 1,057 (2,410) (157) — (41) 1,011 (102) 1,010 Finland 56,715 59,968 1,057 (2,410) (157) — (41) 1,011 (102) 1,010 Pinos Altos 21,371 46,464 2,174 (3,548) — — 317 2,023 (10,517) 1,531 Creston Mascota 9 — — — — — — — — — La India 4,529 10,417 2,300 2,633 — — 91 2,902 (133) 2,872 Mexico 25,909 56,881 2,195 (915) — — 408 2,176 (10,650) 1,765 Consolidated 863,445 783,653 908 (101) 3,977 30,022 5,797 953 (28,090) 921 Notes: (i)      Under the Company's revenue recognition policy, revenue from contracts with customers is recognized upon the transfer of control over metals sold to the customer. As the total cash costs per ounce are calculated on a production basis, an inventory adjustment is made to reflect the portion of production not yet recognized as revenue. (ii)      Relates to costs associated with a 5% in-kind royalty paid in respect of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa. Nine Months Ended September 30, 2025 (thousands, except as noted) Mine Payable gold production (ounces)(i) Production costs ($) Production costs per ounce ($) Inventory adjustments ($)(ii) Realized (gains) and losses on hedges ($) In-kind royalty ($)(iii) Smelting, refining and marketing charges ($) Total cash costs per ounce (co-product basis) ($) By-product metal revenues ($) Total cash costs per ounce (by-product basis) ($) LaRonde mine 201,319 172,146 855 18,275 536 — 7,035 983 (52,124) 725 LZ5 62,946 69,017 1,096 485 196 — 2,637 1,149 (855) 1,136 LaRonde 264,265 241,163 913 18,760 732 — 9,672 1,023 (52,979) 822 Canadian Malartic 489,179 359,025 734 17,706 988 79,745 843 937 (8,680) 919 Goldex 92,509 108,302 1,171 2,418 308 — 3,139 1,234 (21,914) 997 Quebec 845,953 708,490 838 38,884 2,028 79,745 13,654 996 (83,573) 897 Detour Lake 497,649 427,475 859 (13,355) 646 30,266 4,384 903 (4,324) 894 Macassa 252,224 146,744 582 4,591 737 11,488 271 650 (1,662) 643 Ontario 749,873 574,219 766 (8,764) 1,383 41,754 4,655 818 (5,986) 810 Meliadine 282,611 282,577 1,000 14,310 728 — 102 1,053 (855) 1,050 Meadowbank 378,213 396,409 1,048 (1,373) 915 — 398 1,048 (4,533) 1,036 Nunavut 660,824 678,986 1,027 12,937 1,643 — 500 1,050 (5,388) 1,042 Fosterville 128,155 109,094 851 2,824 (28) — 82 874 (428) 870 Australia 128,155 109,094 851 2,824 (28) — 82 874 (428) 870 Kittila 162,415 172,659 1,063 1,388 (1,558) — (159) 1,061 (433) 1,058 Finland 162,415 172,659 1,063 1,388 (1,558) — (159) 1,061 (433) 1,058 Pinos Altos 59,539 148,723 2,498 1,819 (531) — 894 2,535 (30,814) 2,017 Mexico 59,539 148,723 2,498 1,819 (531) — 894 2,535 (30,814) 2,017 Corporate and Other(iv) — 4,070 — (4,070) — — — — — — Consolidated 2,606,759 2,396,241 918 45,018 2,937 121,499 19,626 992 (126,622) 943 Notes: (i)      Gold production for the nine months ended September 30, 2025 excludes 3,614 ounces of payable production of gold at La India and 253 ounces of payable production of gold at Creston Mascota, which were produced from residual leaching as well as 2,442 ounces of gold recovered at Hope Bay. (ii)      Under the Company's revenue recognition policy, revenue from contracts with customers is recognized upon the transfer of control over metals sold to the customer. As the total cash costs per ounce are calculated on a production basis, an inventory adjustment is made to reflect the portion of production not yet recognized as revenue. Included in inventory adjustments for Canadian Malartic for the nine months ended September 30, 2025 is $6.2 million associated with the fair value allocated to inventory on Canadian Malartic as part of the purchase price allocation from the acquisition, on March 31, 2023, of the 50% of Canadian Malartic that Agnico Eagle did not then hold. (iii)   Relates to costs associated with a 5% in-kind royalty paid in respect of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa. (iv)   Relates to production costs associated with gold sold by non-operating minesites that are excluded from the consolidated cash costs calculation. Nine Months Ended September 30, 2024 (thousands, except as noted) Mine Payable gold production (ounces) Production costs ($) Production costs per ounce ($) Inventory adjustments ($)(i) Realized (gains) and losses on hedges ($) In-kind royalty ($)(ii) Smelting, refining and marketing charges ($) Total cash costs per ounce (co-product basis) ($) By-product metal revenues ($) Total cash costs per ounce (by-product basis) ($) LaRonde mine 161,388 193,482 1,199 (12,892) 616 — 9,235 1,180 (39,703) 934 LZ5 54,915 58,059 1,057 3,820 215 — 2,396 1,174 (772) 1,160 LaRonde 216,303 251,541 1,163 (9,072) 831 — 11,631 1,179 (40,475) 991 Canadian Malartic 509,169 399,893 785 7,076 2,037 57,506 786 918 (5,945) 906 Goldex 98,472 100,531 1,021 (482) 369 — 1,959 1,040 (9,359) 945 Quebec 823,944 751,965 913 (2,478) 3,237 57,506 14,376 1,001 (55,779) 933 Detour Lake 492,889 379,366 770 (7,295) 2,394 22,446 5,147 816 (2,003) 812 Macassa 203,048 146,763 723 1,038 759 6,834 242 766 (662) 763 Ontario 695,937 526,129 756 (6,257) 3,153 29,280 5,389 801 (2,665) 798 Meliadine 284,238 254,463 895 2,457 1,612 — 100 910 (650) 908 Meadowbank 387,695 352,881 910 5,412 2,502 — (46) 930 (2,952) 923 Nunavut 671,933 607,344 904 7,869 4,114 — 54 922 (3,602) 916 Fosterville 188,064 114,824 611 (1,277) 6 — 52 604 (462) 602 Australia 188,064 114,824 611 (1,277) 6 — 52 604 (462) 602 Kittila 166,967 176,535 1,057 (3,554) (138) — (161) 1,034 (289) 1,032 Finland 166,967 176,535 1,057 (3,554) (138) — (161) 1,034 (289) 1,032 Pinos Altos 69,850 122,980 1,761 2,235 — — 980 1,807 (26,556) 1,426 Creston Mascota 50 — — — — — — — — — La India 21,190 39,445 1,861 2,780 — — 355 2,009 (991) 1,963 Mexico 91,090 162,425 1,783 5,015 — — 1,335 1,853 (27,547) 1,550 Consolidated 2,637,935 2,339,222 887 (682) 10,372 86,786 21,045 931 (90,344) 897 Notes: (i)      Under the Company's revenue recognition policy, revenue from contracts with customers is recognized upon the transfer of control over metals sold to the customer. As the total cash costs per ounce are calculated on a production basis, an inventory adjustment is made to reflect the portion of production not yet recognized as revenue. (ii)     Relates to costs associated with a 5% in-kind royalty paid in respect of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa. Reconciliation of Production Costs to Minesite Costs per Tonne by Mine Three Months Ended September 30, 2025 (thousands, except as noted) Mine Tonnes of ore milled (thousands) Production costs ($) Productioncosts inlocalcurrency Local currencyproduction costs pertonne Inventoryadjustmentsin localcurrency(i) In-kind  royalty in  localcurrency(ii) Smelting,  refining andmarketingcharges in  local currency Localcurrencyminesitecosts pertonne LaRonde mine 394 $    46,960 C$  64,713 C$     164 C$    26,889 C$          — C$    (6,553) C$        216 LZ5 370 $    23,825 C$  32,856 C$       89 C$      2,241 C$          — C$            — C$          95 LaRonde 764 $    70,785 C$  97,569 C$     128 C$    29,130 C$          — C$    (6,553) C$        157 Canadian Malartic 5,091 $  124,353 C$ 170,193 C$       33 C$      2,129 C$   38,792 C$            — C$          41 Goldex 843 $    35,956 C$  49,637 C$       59 C$      3,761 C$          — C$            — C$          63 Quebec 6,698 $  231,094 C$ 317,399 C$       47 C$    35,020 C$   38,792 C$    (6,553) C$          57 Detour Lake 7,351 $  151,199 C$ 208,932 C$       28 C$  (21,293) C$   16,856 C$            — C$          28 Macassa 133 $    48,652 C$  67,786 C$     510 C$       (382) C$     5,369 C$            — C$        547 Ontario 7,484 $  199,851 C$ 276,718 C$       37 C$  (21,675) C$   22,225 C$            — C$          37 Meliadine 627 $    85,662 C$ 117,284 C$     187 C$    29,369 C$          — C$            — C$        234 Meadowbank 1,177 $  163,403 C$ 225,287 C$     191 C$      2,513 C$          — C$            — C$        194 Nunavut 1,804 $  249,065 C$ 342,571 C$     190 C$    31,882 C$          — C$            — C$        208 Fosterville 198 $    38,036 A$  58,454 A$     295 A$    (1,171) A$          — A$            — A$         289 Australia 198 $    38,036 A$  58,454 A$     295 A$    (1,171) A$          — A$            — A$         289 Kittila 558 $    61,762 €    53,023 €         95 €         (435) €             — €              — €            94 Finland 558 $    61,762 €    53,023 €         95 €         (435) €             — €              — €            94 Pinos Altos 431 $    55,443 $    55,443 $       129 $       (2,264) $             — $              — $           123 Mexico 431 $    55,443 $    55,443 $       129 $       (2,264) $             — $              — $           123 Notes: (i)      This inventory adjustment reflects production costs associated with the portion of production still in inventory. Included in inventory adjustments for Canadian Malartic for the three months ended September 30, 2025 is C$5.1 million associated with the fair value allocated to inventory on Canadian Malartic as part of the purchase price allocation from the acquisition, on March 31, 2023, of the 50% of Canadian Malartic that Agnico Eagle did not then hold. (ii)  Relates to costs associated with a 5% in-kind royalty paid in respect of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa. Three Months Ended September 30, 2024 (thousands, except as noted) Mine Tonnes ofore milled(thousands) Productioncosts ($) Productioncosts in local currency Local currency  production  costs pertonne Inventoryadjustmentsin localcurrency(i) In-kindroyalty inlocalcurrency(ii) Smelting, refining andmarketing  charges in  local currency Localcurrencyminesitecosts pertonne LaRonde mine 355 $     74,244 C$ 101,221 C$     285 C$  (18,800) C$          — C$    (4,419) C$        220 LZ5 332 $     18,916 C$  25,740 C$       78 C$      5,072 C$          — C$            — C$          93 LaRonde 687 $     93,160 C$ 126,961 C$     185 C$  (13,728) C$          — C$    (4,419) C$        158 Canadian Malartic 4,862 $   128,984 C$ 175,462 C$       36 C$    (3,655) C$   25,677 C$            — C$          41 Goldex 739 $     34,265 C$  46,696 C$       63 C$    (1,619) C$          — C$            — C$          61 Quebec 6,288 $   256,409 C$ 349,119 C$       56 C$  (19,002) C$   25,677 C$    (4,419) C$          56 Detour Lake 7,082 $   127,159 C$ 172,973 C$       24 C$    (3,935) C$   11,914 C$            — C$          26 Macassa 134 $     48,086 C$  65,489 C$     489 C$      3,408 C$     3,348 C$            — C$        539 Ontario 7,216 $   175,245 C$ 238,462 C$       33 C$       (527) C$   15,262 C$            — C$          35 Meliadine 533 $     75,099 C$ 102,391 C$      192 C$    17,937 C$          — C$            — C$        226 Meadowbank 1,083 $   115,705 C$ 157,247 C$      145 C$      8,236 C$          — C$            — C$        153 Nunavut 1,616 $   190,804 C$ 259,638 C$      161 C$    26,173 C$          — C$            — C$        177 Fosterville 246 $     44,346 A$   66,587 A$      271 A$    (2,406) A$           — A$            — A$         261 Australia 246 $     44,346 A$   66,587 A$      271 A$    (2,406) A$           — A$            — A$         261 Kittila 544 $     59,968 €     54,519 €        100 €       (2,469) €             — €              — €            96 Finland 544 $     59,968 €     54,519 €        100 €       (2,469) €             — €              — €            96 Pinos Altos 446 $     46,464 $     46,464 $        104 $       (3,548) $             — $              — $            96 La India(iii) — $     10,417 $     10,417 $          — $     (10,417) $             — $              — $             — Mexico 446 $     56,881 $     56,881 $        128 $     (13,965) $             — $              — $            96 Notes: (i)  This inventory adjustment reflects production costs associated with the portion of production still in inventory. (ii) Relates to costs associated with a 5% in-kind royalty paid in respect of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa. (iii) La India's cost calculations per tonne for the three months ended September 30, 2024 exclude approximately $10.4 million of production costs incurred during the period, following the cessation of mining activities at La India during the fourth quarter of 2023. Nine Months Ended September 30, 2025 (thousands, except as noted) Mine Tonnes of ore milled(thousands) Productioncosts ($) Productioncosts inlocalcurrency Local currency production  costs per tonne Inventory  adjustmentsin local currency(i) In-kindroyalty in  localcurrency(ii) Smelting,refining andmarketingcharges in  local currency Localcurrencyminesitecosts per tonne LaRonde mine 1,103 172,146 C$    240,956 C$             218 C$     25,370 C$       — C$        (19,756) C$      224 LZ5 1,010 69,017 C$     96,407 C$              95 C$         575 C$       — C$                 — C$        96 LaRonde 2,113 241,163 C$    337,363 C$             160 C$     25,945 C$       — C$        (19,756) C$      163 Canadian Malartic 14,919 359,025 C$    498,804 C$              33 C$     24,333 C$ 111,462 C$                 — C$        43 Goldex 2,454 108,302 C$    151,393 C$              62 C$       3,196 C$       — C$                 — C$        63 Quebec 19,486 708,490 C$    987,560 C$              51 C$     53,474 C$ 111,462 C$        (19,756) C$        58 Detour Lake 20,817 427,475 C$    596,968 C$              29 C$    (18,952) C$ 42,298 C$                 — C$        30 Macassa 424 146,744 C$    205,250 C$             484 C$       6,264 C$ 16,061 C$                 — C$      537 Ontario 21,241 574,219 C$    802,218 C$              38 C$    (12,688) C$ 58,359 C$                 — C$        40 Meliadine 1,730 282,577 C$    394,138 C$             228 C$     18,509 C$       — C$                 — C$      239 Meadowbank 2,906 396,409 C$    550,901 C$             190 C$     (2,594) C$       — C$                 — C$      189 Nunavut 4,636 678,986 C$    945,039 C$             204 C$     15,915 C$       — C$                 — C$      207 Fosterville 549 109,094 A$ 168,621 A$             307 A$       4,145 A$       — A$                 — A$      315 Australia 549 109,094 A$ 168,621 A$             307 A$       4,145 A$        — A$                 — A$      315 Kittila 1,562 172,659 €  154,529 €              99 €            199 €              — €                     — €           99 Finland 1,562 172,659 €  154,529 €              99 €            199 €              — €                     — €           99 Pinos Altos 1,252 148,723 $  148,723 $             119 $         1,288 $              — $                     — $         120 Mexico 1,252 148,723 $  148,723 $             119 $         1,288 $              — $                     — $         120 Notes: (i)      This inventory adjustment reflects production costs associated with the portion of production still in inventory. Included in inventory adjustments for Canadian Malartic for the nine months ended September 30, 2025 is C$8.7 million associated with the fair value allocated to inventory on Canadian Malartic as part of the purchase price allocation from the acquisition, on March 31, 2023, of the 50% of Canadian Malartic that Agnico Eagle did not then hold. (ii)   Relates to costs associated with a 5% in-kind royalty paid in respect of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa. Nine Months Ended September 30, 2024 (thousands, except as noted) Mine Tonnes ofore milled(thousands) Production costs ($) Production  costs inlocalcurrency Local currencyproduction  costs pertonne Inventory adjustments  in local currency(i) In-kindroyalty inlocalcurrency(ii) Smelting, refining andmarketing  charges inlocal currency Localcurrency  minesitecosts pertonne LaRonde mine 1,149 193,482 C$     262,638 C$       229 C$   (16,069) C$        — C$         (8,019) C$      208 LZ5 898 58,059 C$       78,984 C$         88 C$      5,192 C$        — C$                — C$       94 LaRonde 2,047 251,541 C$     341,622 C$       167 C$   (10,877) C$        — C$         (8,019) C$      158 Canadian Malartic 15,217 399,893 C$     543,010 C$         36 C$      9,830 C$ 78,244 C$                — C$       41 Goldex 2,264 100,531 C$     136,615 C$         60 C$       (580) C$        — C$                — C$       60 Quebec 19,528 751,965 C$  1,021,247 C$         52 C$    (1,627) C$ 78,244 C$         (8,019) C$       56 Detour Lake 20,376 379,366 C$    515,371 C$         25 C$    (9,622) C$  30,538 C$                — C$       26 Macassa 420 146,763 C$    199,917 C$       476 C$      1,468 C$   9,301 C$                — C$      502 Ontario 20,796 526,129 C$    715,288 C$         34 C$    (8,154) C$ 39,839 C$                — C$       36 Meliadine 1,450 254,463 C$    345,186 C$       238 C$      3,724 C$        — C$                — C$      241 Meadowbank 3,144 352,881 C$    478,366 C$       152 C$      7,470 C$        — C$                — C$      155 Nunavut 4,594 607,344 C$    823,552 C$       179 C$    11,194 C$        — C$                — C$      182 Fosterville 652 114,824 A$ 173,962 A$       267 A$     (2,041) A$        — A$                — A$      264 Australia 652 114,824 A$ 173,962 A$       267 A$     (2,041) A$        — A$                — A$      264 Kittila 1,550 176,535 €  162,375 €         105 €       (3,354) €          — €                — €        103 Finland 1,550 176,535 €  162,375 €         105 €       (3,354) €          — €                — €        103 Pinos Altos 1,326 122,980 $  122,980 $           93 $        2,235 $          — $                — $          94 La India(iii) — 39,445 $    39,445 $           — $     (39,445) $          — $                — $          — Mexico 1,326 162,425 $  162,425 $         122 $     (37,210) $          — $                — $          94 Notes: (i)    This inventory adjustment reflects production costs associated with the portion of production still in inventory. (ii)      Relates to costs associated with a 5% in-kind royalty paid in respect of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa. (iii)    La India's cost calculations per tonne for the nine months ended September 30, 2024 exclude approximately $39.4 million of production costs incurred during the period, following the cessation of mining activities at La India during the fourth quarter of 2023. 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 by-product basis (see "Reconciliation of Production Costs to Total Cash Costs per Ounce by Mine" for a discussion of regarding the Company's use of by-product basis reporting). Management believes that AISC per ounce is useful to investors as it reflects total sustaining expenditures of producing and selling an ounce of gold while maintaining current operations and, as such, provides useful 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 Accounting Standards and minesite costs per tonne, as this measure is not necessarily indicative of operating costs or cash flow measures prepared in accordance with IFRS Accounting Standards. 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. The following table sets out a reconciliation of production costs to all-in sustaining costs per ounce for the three and nine months ended September 30, 2025 and September 30, 2024 on both a by-product basis (deducting by-product metal revenues from production costs) and a co-product basis (without deducting by-product metal revenues). (United States dollars per ounce, except where noted) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Production costs per the condensed interim consolidated statements of income (thousands) $   839,321 $   783,653 $  2,396,241 $  2,339,222 Less: Production costs from non-operating minesites (4,070) — (4,070) — Adjusted production costs 835,251 783,653 2,392,171 2,339,222 Gold production (ounces)(i) 866,936 863,445 2,606,759 2,637,935 Production costs per ounce $           963 $           908 $           918 $           887 Adjustments: Inventory adjustments(ii) 33 — 18 — In-kind royalty(iii) 51 — 47 — Realized gains and losses on hedges of production costs (4) 5 1 4 Other(iv) 8 40 8 40 Total cash costs per ounce (co-product basis) $        1,051 $           953 $           992 $           931 By-product metal revenues (57) (32) (49) (34) Total cash costs per ounce (by-product basis) $           994 $           921 $           943 $           897 Adjustments: Sustaining capital expenditures (including capitalized exploration) 282 292 250 244 General and administrative expenses (including stock option expense) 78 56 71 55 Non-cash reclamation provision and sustaining leases(v) 19 17 17 18 All-in sustaining costs per ounce (by-product basis) $        1,373 $        1,286 $        1,281 $        1,214 By-product metal revenues 57 32 49 34 All-in sustaining costs per ounce (co-product basis) $        1,430 $        1,318 $        1,330 $        1,248 Notes: (i) Gold production for the three months ended September 30, 2025 excludes 945 ounces of payable production of gold at La India and 189 ounces of payable production of gold at Creston Mascota, which were produced from residual leaching as well as 2,442 ounces of gold recovered at Hope Bay. Gold production for the nine months ended September 30, 2025 excludes 3,614 ounces of payable production of gold at La India and 253 ounces of payable production of gold at Creston Mascota, which were produced from residual leaching as well as 2,442 ounces of gold recovered at Hope Bay (ii) Under the Company's revenue recognition policy, revenue from contracts with customers is recognized upon the transfer of control over metals sold to the customer. As the total cash costs per ounce are calculated on a production basis, an inventory adjustment is made to reflect the portion of production not yet recognized as revenue. Included in inventory adjustments for Canadian Malartic for the three and nine months ended September 30, 2025 is $3.7 and $6.2 million, respectively, associated with the fair value allocated to inventory on Canadian Malartic as part of the purchase price allocation from the acquisition, on March 31, 2023, of 50% of Canadian Malartic that Agnico Eagle did not then hold (iii) Relates to costs associated with a 5% in-kind royalty paid in respect of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa (iv) Other adjustments consists of smelting, refining and marketing charges to production costs (v) Sustaining leases are lease payments related to sustaining assets Adjusted net income and adjusted net income per share Adjusted net income and adjusted net income per share are calculated by adjusting the net income as recorded in the condensed interim 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, severance and transaction costs related to acquisitions, revaluation gains and losses, environmental remediation, gains or losses on the disposal of assets, purchase price allocations to inventory, debt extinguishment costs, impairment loss charges and reversals, gains and losses on the sale of equity securities, retroactive payments, 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 on a basic and diluted basis. The Company believes that these generally accepted industry measures are useful to investors in that they allow for the evaluation of the results of continuing operations and in making comparisons between periods. Adjusted net income and adjusted net income per share 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 useful 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 Accounting Standards. The following table sets out a reconciliation of net income per the condensed interim consolidated statements of income to adjusted net income for the three and nine months ended September 30, 2025, and September 30, 2024. Three Months EndedSeptember 30, Nine Months Ended September 30, (thousands) 2025 2024 2025 2024 Net income for the period $  1,054,958 $  567,118 $  2,938,400 $ 1,386,326 Foreign currency translation (gain) loss (6,559) 3,436 (18,190) (748) Realized and unrealized loss (gain) on derivative financial instruments 20,242 (17,153) (173,881) 48,390 Environmental remediation 2,370 6,294 24,334 11,201 Net loss on disposal of property, plant and equipment 5,719 5,420 17,824 25,786 Purchase price allocation to inventory 3,700 — 6,234 — Debt extinguishment costs 2,838 — 8,245 — Impairment loss(i) — — 10,554 — Loss on sale of equity securities 40,175 — 40,175 — Other(ii) — — 2,077 13,215 Income and mining taxes adjustments(iii) (38,234) 7,462 (24,676) 1,146 Adjusted net income for the period $  1,085,209 $  572,577 $  2,831,096 $ 1,485,316 Notes: (i) Relates to the Company's ownership percentage of an impairment loss recorded by an associate (ii) Other adjustments relate to retroactive payments that management considers not reflective of the Company's underlying performance in the comparative period (iii) Income and mining taxes adjustments reflect items such as foreign currency translation recorded to the income and mining taxes expense, the impact of income and mining taxes on adjusted items, recognition of previously unrecognized capital losses, the result of income and mining taxes audits, impact of tax law changes and adjustments to prior period tax filings EBITDA and adjusted EBITDA EBITDA is calculated by adjusting net income for finance costs, amortization of property, plant and mine development and income and mining tax expense line items as reported in the condensed interim 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, severance and transaction costs related to acquisitions, revaluation gains and losses, environmental remediation, gains or losses on the disposal of assets, purchase price allocations to inventory, debt extinguishment costs, impairment loss charges and reversals, gains and losses on the sale of equity securities, retroactive payments, and income and mining taxes adjustments. The Company believes that these generally accepted industry measures are useful in that they allow for the evaluation of the cash generating capability of the Company to fund its working capital, capital expenditure and debt repayments. EBITDA and Adjusted EBITDA 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 useful 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 Accounting Standards. The following table sets out a reconciliation of net income per the condensed interim consolidated statements of income to EBITDA and adjusted EBITDA for the three and nine months ended September 30, 2025, and September 30, 2024. Three Months Ended September 30, Nine Months Ended September 30, (thousands) 2025 2024 2025 2024 Net income for the period $ 1,054,958 $    567,118 $  2,938,400 $  1,386,326 Finance costs 24,154 28,527 74,027 99,265 Amortization of property, plant and mine development 429,947 390,245 1,223,703 1,125,859 Income and mining tax expense 520,610 272,672 1,448,358 652,718 EBITDA 2,029,669 1,258,562 5,684,488 3,264,168 Foreign currency translation (gain) loss (6,559) 3,436 (18,190) (748) Realized and unrealized loss (gain) on derivative financial instruments 20,242 (17,153) (173,881) 48,390 Environmental remediation 2,370 6,294 24,334 11,201 Net loss on disposal of property, plant and equipment 5,719 5,420 17,824 25,786 Purchase price allocation to inventory 3,700 — 6,234 — Debt extinguishment costs 2,838 — 8,245 — Impairment loss(i) — — 10,554 — Loss on sale of equity securities 40,175 — 40,175 — Other(ii) — — 2,077 13,215 Adjusted EBITDA $ 2,098,154 $ 1,256,559 $  5,601,860 $  3,362,012 Notes: (i) Relates to the Company's ownership percentage of an impairment loss recorded by an associate (ii) Other adjustments relate to retroactive payments that management considers not reflective of the Company's underlying performance in the comparative period Cash provided by operating activities before changes in non-cash components of working capital and its per share ratio Cash provided by operating activities before changes in non-cash components of working capital is calculated by adjusting the cash provided by operating activities as shown in the condensed interim consolidated statements of cash flows for the effects of changes in non-cash components of working capital such as income taxes, inventories, other current assets, accounts payable and accrued liabilities and interest payable. The per share ratio is calculated by dividing cash provided by operating activities before changes in non-cash components of working capital 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 believes 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 Accounting Standards. A reconciliation of these measures to the nearest IFRS Accounting Standards measure is provided below. Free cash flow and free cash flow before changes in non-cash components of working capital 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 condensed interim consolidated statements of cash flows. Free cash flow before changes in non-cash components of working capital is calculated by excluding items such as the effect of changes in non-cash components of working capital from free cash flow, which includes income taxes, inventory, other current assets, accounts payable and accrued liabilities and interest payable. The Company believes that these generally accepted industry measures 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. Free cash flow and free cash flow before changes in non-cash components of working capital 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 Accounting Standards to, and believes it is useful to investors so they can, understand and monitor the cash generating ability of the Company. The following table sets out a reconciliation of cash provided by operating activities per the condensed interim consolidated statements of cash flows to free cash flow and free cash flow before changes in non-cash components of working capital and to cash provided by operating activities before changes in non-cash components of working capital for the three and nine months ended September 30, 2025, and September 30, 2024. Three Months EndedSeptember 30, Nine Months Ended  September 30, (thousands, except where noted) 2025 2024 2025 2024 Cash provided by operating activities $  1,815,875 $  1,084,532 $  4,705,609 $  2,829,043 Additions to property, plant and mine development (626,330) (464,101) (1,616,930) (1,255,786) Free cash flow 1,189,545 620,431 3,088,679 1,573,257 Changes in income taxes (189,741) (95,930) (491,108) (142,732) Changes in inventory 143,052 156,871 165,196 165,727 Changes in other current assets 11,022 (41,263) 17,784 16,237 Changes in accounts payable and accrued liabilities (122,303) (80,704) (198,893) (74,622) Changes in interest payable 3,339 3,964 4,132 (2,867) Free cash flow before changes in non-cash components of working capital $  1,034,914 $   563,369 $  2,585,790 $  1,535,000 Additions to property, plant and mine development 626,330 464,101 1,616,930 1,255,786 Cash provided by operating activities before changes in non-cash components of working capital $  1,661,244 $  1,027,470 $  4,202,720 $  2,790,786 Cash provided by operating activities per share - basic $         3.62 $         2.16 $        9.37 $        5.67 Cash provided by operating activities before changes in non-cash components of working capital per share - basic $         3.31 $         2.05 $        8.37 $        5.59 Free cash flow per share - basic $         2.37 $         1.24 $        6.15 $        3.15 Free cash flow before changes in non-cash components of working capital per share - basic $         2.06 $         1.12 $        5.15 $        3.07 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 condensed interim 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; loss (gain) 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 useful 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 Accounting Standards. For a reconciliation of operating margin to revenue from operations, see "Summary of Operations Key Performance Indicators". Capital expenditures Capital expenditures are calculated by deducting working capital adjustments from additions to property, plant and mine development per the condensed interim consolidated statements of cash flows. Capital expenditures are classified into sustaining capital expenditures, sustaining capitalized exploration, development capital expenditures and development capitalized exploration. Sustaining capital expenditures and sustaining capitalized exploration 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 and sustaining capitalized exploration include expenditure for assets to retain their existing productive capacity as well as to enhance performance and reliability of the operations. Development capital expenditures and development capitalized exploration 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 Accounting Standards and other companies may classify expenditures in a different manner. The following table sets out a reconciliation of sustaining capital expenditures, sustaining capitalized exploration, development capital expenditures and development capitalized exploration to the additions to property, plant and mine development per the condensed interim consolidated statements of cash flows for the three and nine months ended September 30, 2025 and September 30, 2024. (thousands) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Sustaining capital expenditures $  240,619 $  247,762 $  642,295 $  633,785 Sustaining capitalized exploration 6,373 5,200 16,335 15,124 Development capital expenditures 316,054 189,406 728,924 502,924 Development capitalized exploration 80,809 43,427 213,488 113,282 Total Capital Expenditures $  643,855 $  485,795 $  1,601,042 $  1,265,115 Working capital adjustments (17,525) (21,694) 15,888 (9,329) Additions to property, plant and mine development per the condensed interim consolidated statements of cash flows $  626,330 $  464,101 $  1,616,930 $  1,255,786 Net cash (debt) Net cash (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 condensed interim consolidated balance sheets for deferred financing costs and cash and cash equivalents. Management believes the measure of net cash (debt) is useful to help investors determine the Company's overall cash (debt) position and to evaluate the future debt capacity of the Company. The Company changed the label for this non-GAAP measure from "net debt" to "net cash (debt)" as the Company believes that reporting a positive net cash position is more clear and understandable to readers than a negative net debt position. The Company's method of calculating this non-GAAP measure has not changed. The following table sets out a reconciliation of long-term debt per the condensed interim consolidated balance sheets to net cash (debt) as at September 30, 2025, and December 31, 2024. As at As at (thousands) September 30, 2025 December 31, 2024 Current portion of long-term debt per the condensed interim consolidated balance sheets $                                — $                       (90,000) Non-current portion of long-term debt (195,994) (1,052,956) Long-term debt $                     (195,994) $                  (1,142,956) Cash and cash equivalents $                   2,354,759 $                      926,431 Net cash (debt) $                   2,158,765 $                     (216,525) Forward-Looking Non-GAAP Measures This news release 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 Accounting Standards measure. Forward-Looking Statements The information in this news release has been prepared as at October 29, 2025. Certain statements contained in this news release 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 news release, the words "achieve", "aim", "anticipate", "commit", "could", "estimate", "expect", "forecast", "future", "guide", "objective", "plan", "potential", "schedule", "target", "track", "will", and similar expressions are intended to identify forward-looking statements. Such statements include 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, 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, Upper Beaver and Odyssey, including the timing, funding, completion and commissioning thereof and the commencement of production therefrom; the Company's plans at Hope Bay and San Nicolas; statements concerning the Company's "fill-the-mill" strategy at Canadian Malartic; 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, production, closure and other capital costs and estimates of the timing of such exploration, development, production and closure or decisions with respect to such exploration, development, production and closure; estimates of mineral reserves and mineral resources and the effect of drill results and studies 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 Company's plans and strategies with respect to sustainability initiatives; 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 and other indebtedness; future dividend amounts, record dates and payment dates; the effect of tariffs and trade restrictions on the Company; plans with respect to activity under the NCIB; plans to form Avenir, 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 news release 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 (the "2024 MD&A") and the Company's Annual Information Form (the "AIF") for the year ended December 31, 2024 filed with Canadian securities regulators and that are included in its Annual Report on Form 40-F for the year ended December 31, 2024 (the "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 Company's plans for its mining operations are not changed or amended in a material way; 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 the effect of tariffs or trade disputes will not materially affect the price or availability of the inputs the Company uses at its operations; 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, Fosterville and other properties is as expected by the Company and that the Company's efforts to mitigate its effect on mining operations, including with respect to community relations, are successful; that the Company's current plans to address climate change and reduce greenhouse gas emissions 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 at LaRonde, Goldex and Fosterville; mining risks; community protests, including by Indigenous groups; risks associated with foreign operations; risks associated with joint ventures; 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 of 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 news release, see the AIF and 2024 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. Additional Information Additional information about each of the Company's material mineral projects as at December 31, 2024, 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 National Instrument 43-101 – Standards of Disclosure for Mineral Projects can be found in the Company's AIF and 2024 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: Detour Lake Operation, Ontario, Canada, NI 43-101 Technical Report (September 20, 2024); 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); and the Updated Technical Report on the Meliadine Gold Project, Nunavut, Canada (February 11, 2015). APPENDIX A – EXPLORATION DETAILS Eclipse zone and East Gouldie and Odyssey deposits at Odyssey mine Drill hole Deposit / zone From (metres) To (metres) Depth of midpoint below surface (metres) Estimated true width (metres) Gold grade (g/t) (uncapped) Gold grade (g/t) (capped)* MEX23-309WZ Eclipse 1,520.5 1,531.3 1,057 10.1 3.9 3.9 MEX24-322WBZA East Gouldie 2,152.3 2,189.0 1,991 29.9 2.3 2.3 including 2,175.2 2,189.0 2,001 11.3 4.0 4.0 MEX25-337 East Gouldie 1,597.9 1,652.4 1,531 51.8 2.0 2.0 MEX25-337W East Gouldie 1,581.0 1,603.0 1,352 21.6 3.3 3.3 including 1,590.0 1,598.0 1,353 7.7 6.2 6.2 UGEG-075-054 East Gouldie 558.0 573.5 907 15.4 5.5 5.5 including 558.0 566.1 905 8.0 8.2 8.2 UGEG-075-056 East Gouldie 547.5 573.1 884 25.4 5.1 4.8 including 549.3 556.4 881 7.0 13.2 12.0 UGEG-083-016 East Gouldie 146.6 170.0 891 16.8 2.5 2.5 UGOD-075-043 Odyssey North 587.0 602.4 943 13.3 3.3 3.3 UGOD-075-032 Odyssey internal 439.9 456.0 810 14.3 3.6 3.6 and Odyssey internal 468.0 474.0 822 5.3 22.5 10.7 UGOD-058-005 Odyssey Jupiter 491.4 505.5 800 12.6 2.9 2.9 MEV25-304 Odyssey South 326.0 341.5 250 14.0 6.7 3.6 including 326.0 327.5 244 1.4 52.6 20.0 *Results from Eclipse, East Gouldie and Odyssey use a capping factor of 20 g/t gold. Marban deposit Drill hole From (metres) To (metres) Depth of midpoint below surface (metres) Estimated true width (metres) Gold grade (g/t) (uncapped) Gold grade (g/t) (capped)* MRB25-005 84.3 90.4 64 6.1 1.3 1.3 and 333.0 345.6 248 11.5 1.3 1.3 and 351.0 357.1 258 5.6 1.8 1.8 MRB25-006 242.4 245.4 191 3.0** 3.3 3.3 MRB25-015 117.2 122.4 103 4.9 3.2 3.2 MRB25-029 121.0 126.5 103 5.5** 2.2 2.2 MRB25-030 401.5 407.0 309 5.5 4.3 4.3 and 494.0 505.0 384 10.9 4.6 4.6 MRB25-033 159.2 162.0 117 2.8** 5.3 5.3 and 201.5 203.0 147 1.5** 15.3 15.3 MRB25-034 127.5 133.5 116 5.2 1.8 1.8 MRB25-038 102.0 113.4 80 11.4** 3.3 3.3 including 103.2 104.0 78 0.8 13.4 13.4 including 106.7 109.1 82 2.4** 10.5 10.5 and 216.2 219.6 165 3.4** 4.1 4.1 MRB25-051 265.0 266.5 191 1.5** 20.1 20.1 *Results from Marban use a capping factor ranging from 10 g/t to 40 g/t gold depending on the zone. **Core length. True width undetermined. West Pit and West Extension zones at Detour Lake Drill hole Zone From (metres) To (metres) Depth of midpoint below surface (metres) Estimated true width (metres) Gold grade (g/t) (uncapped)* DLM25-1144A West Pit 652.2 767.5 565 106.2 1.5 including 652.2 668.0 528 14.5 2.9 including 751.1 762.2 600 10.3 6.1 DLM25-1156 West Pit 385.0 436.0 323 46.5 1.0 and 506.0 533.0 405 24.8 1.7 and 642.0 691.9 514 46.4 1.2 and 745.0 768.0 578 21.5 1.5 DLM25-1161 West Extension 1,009.8 1,013.0 860 2.9 137.1 DLM25-1162 West Extension 640.0 758.0 575 108.6 0.8 DLM25-1163 West Pit 636.4 639.9 486 3.3 17.2 and 663.0 700.0 518 34.5 2.1 including 684.0 695.0 523 10.3 4.0 and 789.0 792.0 595 2.8 10.2 and 996.0 1,012.0 746 15.0 8.0 including 1,007.0 1,012.0 750 4.7 27.0 and 1,049.0 1,063.0 783 13.2 5.4 and 1,086.0 1,091.0 806 4.7 5.3 DLM25-1164 West Pit 338.1 400.0 297 55.7 2.7 including 385.0 395.0 313 9.0 11.8 and 473.0 486.5 381 12.4 4.6 DLM25-1168 West Pit 413.2 488.0 343 69.7 1.8 including 467.0 475.0 357 7.5 10.2 and 625.1 667.0 480 39.8 3.0 including 655.7 667.0 490 10.7 7.6 and 682.3 696.0 509 13.1 3.4 DLM25-1175 West Pit 423.0 435.9 344 11.7 2.8 and 578.0 606.0 466 25.9 2.2 including 582.2 595.0 463 11.9 3.6 DLM25-1179B West Extension 587.7 620.2 538 26.8 7.4 including 587.7 591.5 526 3.1 10.3 including 604.9 612.5 542 6.3 23.6 DLM25-1188 West Extension 546.0 549.0 471 2.6 19.1 and 1,040.0 1,051.0 845 10.3 2.7 and 1,112.0 1,122.9 896 10.3 2.2 *Results from Detour Lake are uncapped. Madrid deposit at Hope Bay Drill hole Zone From (metres) To (metres) Depth of midpoint below surface (metres) Estimated true width(metres) Gold grade (g/t) (uncapped) Gold grade (g/t) (capped)* HBM25-349 undefined 622.5 625.5 544 2.6 17.9 17.9 HBM25-352 Patch 7 821.0 824.0 629 2.5 14.7 14.7 HBM25-354 Patch 7 446.0 451.0 348 3.8 10.7 10.7 HBM25-359 Patch 7 329.0 337.0 274 6.1 4.3 4.3 HBM25-364 Patch 7 916.0 927.3 834 9.3 13.8 12.7 including Patch 7 925.0 926.0 837 0.8 43.8 43.8 including Patch 7 926.8 927.3 838 0.4 124.0 85.0 and Patch 7 930.0 940.0 844 8.2 4.1 4.1 HBM25-365 Patch 7 622.0 634.0 486 9.8 6.0 6.0 including Patch 7 631.0 632.0 488 0.9 19.6 19.6 HBM25-367 Patch 7 470.5 481.5 374 10.8 6.7 6.7 and undefined 492.0 495.8 386 3.7 8.9 8.9 and Patch 7 539.7 544.7 419 4.8 5.4 5.4 HBM25-368A Patch 7 1,123.0 1,127.0 700 3.9 12.5 12.5 HBM25-369 undefined 141.5 144.5 115 2.3 11.2 11.2 and Patch 7 469.0 472.0 398 3.0 12.8 12.8 and Patch 7 560.7 563.7 471 2.5 12.3 12.3 HBM25-376 Patch 7 362.1 368.0 290 5.7 6.6 6.6 HBM25-381 Patch 7 1,110.5 1,115.4 866 4.6 81.4 16.9 including Patch 7 1,110.5 1,111.4 865 0.9 401.0 50.0 HBM25-383 undefined 757.0 766.5 596 8.9 5.0 5.0 *Results from Madrid use a capping factor ranging from 50 g/t gold to 75 g/t gold depending on the zone. IVR and Whale Tail zones at Amaruq Drill hole Zone From (metres) To (metres) Depth of midpoint below surface (metres) Estimated true width (metres) Gold grade (g/t) (uncapped) Gold grade (g/t) (capped)* AMQ24-3091 IVR 903.1 911.5 773 6.4 13.8 8.2 AMQ24-3091B IVR 960.3 979.0 873 16.2 12.0 6.0 including 973.3 979.0 879 4.9 27.9 10.2 AMQ24-3105A IVR 900.0 908.5 826 7.5 9.2 9.2 AMQ24-3190 IVR 140.5 146.5 172 4.3 21.0 21.0 including 144.1 144.9 173 0.6 89.4 89.4 AMQ24-3191 IVR 143.5 152.3 177 5.6 20.7 14.8 including 149.0 150.0 178 0.6 151.5 100.0 AMQ22-2852** Whale Tail 976.8 991.8 848 10.5 9.1 9.1 AMQ22-2876A** Whale Tail 1,051.0 1,069.2 1,000 18.2 7.4 7.4 AMQ24-3157 Whale Tail 946.7 952.0 890 4.6 11.8 11.8 AMQ25-3215B Whale Tail 853.5 864.7 774 7.9 8.4 8.4 AMQ25-3217A Whale Tail 916.6 926.4 865 4.1 7.1 7.1 AMQ25-3220 Whale Tail 819.0 829.8 750 7.7 4.7 4.7 AMQ25-3220B Whale Tail 834.3 853.2 779 10.8 4.6 4.3 AMQ25-3221B Whale Tail 638.1 643.9 547 4.1 45.7 12.8 and Whale Tail 721.1 729.9 620 6.2 4.5 4.5 *Results from Amaruq mine use a capping factor ranging from 20 g/t to 100 g/t gold depending on the zone. **Previously released in AEM news releases dated October 26, 2022 and February 16, 2023. Exploration Drill Collar Coordinates Drill hole UTM East* UTM North* Elevation (metres above sea level) Azimuth (degrees) Dip (degrees) Length (metres) Odyssey mine MEV25-304 719125 5333939 334 14 -56 633 MEX23-309WZ 718682 5334767 307 162 -48 1,725 MEX24-322WBZA 718617 5334759 307 215 -70 2,382 MEX25-337 716867 5334695 317 190 -78 1,812 MEX25-337W 716867 5334695 317 190 -78 1,800 UGEG-075-054 717714 5334081 -342 166 -31 733 UGEG-075-056 717716 5334080 -339 174 -28 703 UGEG-083-016 717376 5333673 -498 234 -33 285 UGOD-058-005 717913 5334573 -264 114 -28 710 UGOD-075-032 718144 5334120 -254 351 -37 598 UGOD-075-043 718006 5334110 -261 5 -42 648 Marban MRB25-005 278406 5336377 306 195 -46 483 MRB25-006 279318 5335303 300 196 -51 343 MRB25-015 279214 5335924 303 199 -60 157 MRB25-029 278945 5335900 303 176 -56 550 MRB25-030 279040 5335878 303 178 -50 631 MRB25-033 278982 5335542 300 180 -45 450 MRB25-034 278997 5335899 303 182 -62 307 MRB25-038 279101 5335557 298 180 -48 400 MRB25-038 279101 5335557 298 180 -48 400 MRB25-051 279034 5335735 301 184 -45 474 Detour Lake DLM25-1144A 589207 5541635 284 180 -58 790 DLM25-1156 589736 5541449 282 179 -54 1,143 DLM25-1161 586878 5542169 300 182 -66 1,260 DLM25-1162 587320 5541904 295 175 -62 1,017 DLM25-1163 589674 5541450 284 178 -54 1,122 DLM25-1164 588125 5541728 287 178 -56 858 DLM25-1168 589267 5541636 284 180 -53 777 DLM25-1175 588122 5541831 287 179 -57 840 DLM25-1179B 586281 5541960 289 183 -67 750 DLM25-1188 586758 5542136 300 181 -65 1,152 Hope Bay HBM25-349 434886 7548555 47 68 -74 738 HBM25-352 434626 7548127 33 79 -64 1,075 HBM25-354 435073 7547566 41 76 -61 801 HBM25-359 434891 7548722 39 70 -65 546 HBM25-364 434735 7548292 34 88 -72 1,112 HBM25-365 434979 7547863 38 64 -59 822 HBM25-367 435105 7548039 38 97 -62 661 HBM25-368A 434279 7548408 38 77 -53 1,200 HBM25-369 435071 7547856 39 76 -64 727 HBM25-376 435079 7547798 38 78 -61 747 HBM25-381 434334 7548811 51 73 -65 1,126 HBM25-383 434949 7547679 37 70 -62 933 Meadowbank AMQ22-2852 606165 7255744 181 143 -73 1,095 AMQ22-2876A 606120 7255600 161 129 -75 1,143 AMQ24-3091 607955 7255946 165 297 -70 1,059 AMQ24-3091B 607955 7255946 165 297 -70 1,081 AMQ24-3105A 607828 7255878 167 295 -73 999 AMQ24-3157 606250 7255606 172 136 -78 1,003 AMQ24-3190 607118 7256280 111 328 -63 195 AMQ24-3191 607118 7256280 111 353 -63 231 AMQ25-3215B 606109 7255569 161 113 -65 892 AMQ25-3217A 606103 7255555 160 134 -69 961 AMQ25-3220 606316 7255690 163 141 -69 864 AMQ25-3220B 606316 7255690 163 141 -69 930 AMQ25-3221B 606380 7255686 164 147 -60 777 *Coordinate Systems: NAD 83 UTM Zone 17N for Odyssey and Marban; NAD 1983 UTM Zone 17N for Detour Lake; NAD 1983 UTM Zone 13N for Hope Bay; and NAD 1983 UTM Zone 14N for Meadowbank. APPENDIX B – FINANCIAL INFORMATION            AGNICO EAGLE MINES LIMITED SUMMARY OF OPERATIONS KEY PERFORMANCE INDICATORS (thousands of United States dollars, except where noted) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Net income - key line items: Revenue from mine operations: LaRonde mine 221,527 159,294 678,936 435,799 LZ5 69,484 47,363 202,235 127,392 LaRonde 291,011 206,657 881,171 563,191 Canadian Malartic 543,870 345,969 1,463,134 1,092,558 Goldex 108,124 81,384 319,373 237,304 Quebec 943,005 634,010 2,663,678 1,893,053 Detour Lake 653,283 437,920 1,642,343 1,140,293 Macassa 282,208 162,334 778,101 455,203 Ontario 935,491 600,254 2,420,444 1,595,496 Meliadine 267,332 208,209 880,138 630,724 Meadowbank 476,831 315,047 1,216,631 873,047 Nunavut 744,163 523,256 2,096,769 1,503,771 Fosterville 142,448 167,368 406,122 433,429 Australia 142,448 167,368 406,122 433,429 Kittila 190,208 148,652 519,238 395,875 Finland 190,208 148,652 519,238 395,875 Pinos Altos 88,586 68,336 221,999 184,526 La India — 13,733 — 55,903 Mexico 88,586 82,069 221,999 240,429 Corporate and Other 15,628 — 15,628 — Revenues from mining operations $       3,059,529 $       2,155,609 $       8,343,878 $       6,062,053 Production costs 839,321 783,653 2,396,241 2,339,222 Total operating margin(i) 2,220,208 1,371,956 5,947,637 3,722,831 Amortization of property, plant and mine development 429,947 390,245 1,223,703 1,125,859 Exploration, corporate and other 214,693 141,921 337,176 557,928 Income before income and mining taxes 1,575,568 839,790 4,386,758 2,039,044 Income and mining taxes expense 520,610 272,672 1,448,358 652,718 Net income for the period $       1,054,958 $          567,118 $       2,938,400 $      1,386,326 Net income per share — basic $                2.10 $                1.13 $                5.85 $               2.78 Net income per share — diluted $                2.10 $                1.13 $                5.83 $               2.77 Cash flows: Cash provided by operating activities $      1,815,875 $       1,084,532 $      4,705,609 $      2,829,043 Cash used in investing activities $        (288,064) $        (537,933) $     (1,548,940) $     (1,375,557) Cash used in provided by financing activities $        (732,120) $        (493,545) $     (1,734,241) $        (813,813) Realized prices: Gold (per ounce) $              3,476 $              2,492 $              3,221 $              2,297 Silver (per ounce) $              43.43 $              30.69 $              37.80 $              28.31 Zinc (per tonne) $              2,694 $              2,822 $              2,728 $              2,697 Copper (per tonne) $            10,190 $              8,254 $              9,696 $              9,304 AGNICO EAGLE MINES LIMITED SUMMARY OF OPERATIONS KEY PERFORMANCE INDICATORS (thousands of United States dollars, except where noted) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Payable production(ii): Gold (ounces): LaRonde mine 59,172 47,313 201,319 161,388 LZ5 22,350 18,292 62,946 54,915 LaRonde 81,522 65,605 264,265 216,303 Canadian Malartic 156,875 141,392 489,179 509,169 Goldex 29,375 30,334 92,509 98,472 Quebec 267,772 237,331 845,953 823,944 Detour Lake 176,539 173,891 497,649 492,889 Macassa 78,832 70,727 252,224 203,048 Ontario 255,371 244,618 749,873 695,937 Meliadine 93,836 99,838 282,611 284,238 Meadowbank 136,152 133,502 378,213 387,695 Nunavut 229,988 233,340 660,824 671,933 Fosterville 34,966 65,532 128,155 188,064 Australia 34,966 65,532 128,155 188,064 Kittila 57,954 56,715 162,415 166,967 Finland 57,954 56,715 162,415 166,967 Pinos Altos 20,885 21,371 59,539 69,850 Creston Mascota — 9 — 50 La India — 4,529 — 21,190 Mexico 20,885 25,909 59,539 91,090 Total gold (ounces): 866,936 863,445 2,606,759 2,637,935 Silver (thousands of ounces) 630 602 1,843 1,845 Zinc (tonnes) 1,924 914 6,051 4,479 Copper (tonnes) 1,468 797 4,013 2,673 AGNICO EAGLE MINES LIMITED SUMMARY OF OPERATIONS KEY PERFORMANCE INDICATORS (thousands of United States dollars, except where noted) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Payable metal sold(iii): Gold (ounces): LaRonde mine 57,650 58,357 194,191 175,086 LZ5 19,574 18,920 62,450 55,436 LaRonde 77,224 77,277 256,641 230,522 Canadian Malartic 157,228 139,694 452,721 475,893 Goldex 28,479 31,671 92,339 99,896 Quebec 262,931 248,642 801,701 806,311 Detour Lake 188,008 176,585 509,522 497,215 Macassa 81,330 65,000 241,475 197,840 Ontario 269,338 241,585 750,997 695,055 Meliadine 76,739 83,900 274,197 276,878 Meadowbank 136,974 126,010 379,548 378,123 Nunavut 213,713 209,910 653,745 655,001 Fosterville 41,300 67,198 125,800 187,247 Australia 41,300 67,198 125,800 187,247 Kittila 55,000 59,464 162,000 171,448 Finland 55,000 59,464 162,000 171,448 Pinos Altos 21,734 23,700 59,573 69,510 La India — 5,400 — 24,620 Mexico 21,734 29,100 59,573 94,130 Corporate and Other 4,547 — 4,547 — Total gold (ounces): 868,563 855,899 2,558,363 2,609,192 Silver (thousands of ounces) 653 573 1,754 1,814 Zinc (tonnes) 1,977 1,748 6,180 4,802 Copper (tonnes) 1,438 806 3,998 2,681 Notes: (i) Operating margin is not a recognized measure under IFRS Accounting Standards and this data may not be comparable to data reported by other gold producers. See Note Regarding Certain Measures of Performance– Operating Margin for more information on the Company's calculation and use of operating margin. (ii) Payable production (a non-GAAP non-financial performance measure) is the quantity of mineral produced during a period contained in products that are or will be sold by the Company, whether such products are sold during the period or held as inventories at the end of the period. For the three months ended September 30, 2025, it excludes 945 payable gold ounces produced at La India and 189 payable gold ounces produced at Creston Mascota as well as 2,442 ounces of gold recovered at Hope Bay. For the nine months ended September 30, 2025, it excludes 3,614 payable gold ounces produced at La India and 253 payable gold ounces produced at Creston Mascota as well as 2,442 ounces of gold recovered at Hope Bay. (iii) Canadian Malartic payable metal sold excludes the 5.0% in-kind net smelter return royalty held by Osisko Gold Royalties Ltd. Detour Lake payable metal sold excludes the 2.0% in-kind net smelter royalty held by Franco-Nevada Corporation. Macassa payable metal sold excludes the 1.5% in-kind net smelter royalty held by Franco-Nevada Corporation. For the nine months ended September 30, 2025, it excludes 2,500 payable gold ounces sold at La India. AGNICO EAGLE MINES LIMITED CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS (thousands of United States dollars, except share amounts) (Unaudited) As at As at September 30, 2025 December 31, 2024 ASSETS Current assets: Cash and cash equivalents $                 2,354,759 $                     926,431 Inventories 1,716,135 1,510,716 Income taxes recoverable 15,509 26,432 Fair value of derivative financial instruments 19,815 1,348 Other current assets 362,135 340,354 Total current assets 4,468,353 2,805,281 Non-current assets: Goodwill 4,157,672 4,157,672 Property, plant and mine development 22,172,275 21,466,499 Investments 952,346 612,889 Deferred income and mining tax asset 24,784 29,198 Other assets 911,483 915,479 Total assets $               32,686,913 $               29,987,018 LIABILITIES Current liabilities: Accounts payable and accrued liabilities $                 1,064,013 $                     817,649 Share based liabilities 36,299 27,290 Interest payable 2,719 5,763 Income taxes payable 841,710 372,197 Current portion of long-term debt — 90,000 Reclamation provision 104,102 58,579 Lease obligations 39,694 40,305 Fair value of derivative financial instruments 19,193 100,182 Total current liabilities 2,107,730 1,511,965 Non-current liabilities: Long-term debt 195,994 1,052,956 Reclamation provision 1,236,085 1,026,628 Lease obligations 99,856 98,921 Share based liabilities 19,843 12,505 Deferred income and mining tax liabilities 5,259,773 5,162,249 Other liabilities 260,175 288,894 Total liabilities 9,179,456 9,154,118 EQUITY Common shares: Outstanding - 502,544,235 common shares issued, less 497,673 shares held in trust 18,812,225 18,675,660 Stock options 165,569 172,145 Retained earnings 4,368,424 2,026,242 Other reserves 161,239 (41,147) Total equity 23,507,457 20,832,900 Total liabilities and equity $               32,686,913 $               29,987,018 AGNICO EAGLE MINES LIMITED CONDENSED INTERIM CONSOLIDATED STATEMENTS OF INCOME (thousands of United States dollars, except per share amounts) (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 REVENUES Revenues from mining operations $ 3,059,529 $ 2,155,609 $ 8,343,878 $  6,062,053 COSTS, INCOME AND EXPENSES Production(i) 839,321 783,653 2,396,241 2,339,222 Exploration and corporate development 59,630 60,335 153,535 166,788 Amortization of property, plant and mine development 429,947 390,245 1,223,703 1,125,859 General and administrative 67,761 48,500 186,360 145,436 Finance costs 24,154 28,527 74,027 99,265 Loss (gain) on derivative financial instruments 20,242 (17,153) (173,881) 48,390 Foreign currency translation (gain) loss (6,559) 3,436 (18,190) (748) Care and maintenance 17,866 13,810 47,449 35,078 Other expenses 31,599 4,466 67,876 63,719 Income before income and mining taxes 1,575,568 839,790 4,386,758 2,039,044 Income and mining taxes expense 520,610 272,672 1,448,358 652,718 Net income for the period $ 1,054,958 $     567,118 $ 2,938,400 $  1,386,326 Net income per share - basic $          2.10 $           1.13 $          5.85 $           2.78 Net income per share - diluted $          2.10 $           1.13 $          5.83 $           2.77 Adjusted net income per share - basic(ii) $          2.16 $           1.14 $          5.64 $           2.97 Adjusted net income per share - diluted(ii) $          2.16 $           1.14 $          5.62 $           2.97 Weighted average number of common shares outstanding (in thousands): Basic 502,178 500,974 502,389 499,343 Diluted 503,539 502,106 503,768 500,196 Notes: (i) Exclusive of amortization, which is shown separately (ii) Adjusted net income per share is not a recognized measure under IFRS Accounting Standards and this data may not be comparable to data reported by other companies. SeeNote Regarding Certain Measures of Performance – Adjusted Net Income and Adjusted Net Income per Share for a discussion of the composition and usefulness of this measure and a reconciliation to the nearest IFRS Accounting Standards measure AGNICO EAGLE MINES LIMITED CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (thousands of United States dollars) (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 OPERATING ACTIVITIES Net income for the period $ 1,054,958 $    567,118 $ 2,938,400 $ 1,386,326 Add (deduct) adjusting items: Amortization of property, plant and mine development 429,947 390,245 1,223,703 1,125,859 Deferred income and mining taxes 64,616 58,641 74,341 152,788 Unrealized loss (gain) on currency and commodity derivatives 50,343 (24,169) (99,455) 38,363 Unrealized gain on warrants (25,613) (53) (87,044) (3,903) Stock-based compensation 37,913 21,242 86,695 58,957 Foreign currency translation (gain) loss (6,559) 3,436 (18,190) (748) Other 55,639 11,010 84,270 33,144 Changes in non-cash working capital balances: Income taxes 189,741 95,930 491,108 142,732 Inventories (143,052) (156,871) (165,196) (165,727) Other current assets (11,022) 41,263 (17,784) (16,237) Accounts payable and accrued liabilities 122,303 80,704 198,893 74,622 Interest payable (3,339) (3,964) (4,132) 2,867 Cash provided by operating activities 1,815,875 1,084,532 4,705,609 2,829,043 INVESTING ACTIVITIES Additions to property, plant and mine development (626,330) (464,101) (1,616,930) (1,255,786) Purchase of O3 Mining, net of cash and cash equivalents acquired — — (121,960) — Contributions for acquisition of mineral assets — (4,197) (8,400) (11,296) Purchase of equity securities and other investments (60,142) (73,341) (198,503) (114,644) Proceeds on sale of equity securities and other investments 402,720 — 402,720 — Other investing activities (4,312) 3,706 (5,867) 6,169 Cash used in investing activities (288,064) (537,933) (1,548,940) (1,375,557) FINANCING ACTIVITIES Proceeds from Credit Facility — — — 600,000 Repayment of Credit Facility — — — (600,000) Repayment of Term Loan Facility — (275,000) — (275,000) Repayment of Senior Notes (400,000) (100,000) (950,000) (100,000) Debt financing and extinguishment costs (8,245) — (8,245) (3,544) Repayment of lease obligations (8,620) (12,461) (26,970) (38,142) Dividends paid (186,350) (176,314) (542,695) (497,829) Repurchase of common shares (149,855) (30,080) (309,843) (106,121) Proceeds on exercise of stock options 10,411 90,923 72,257 178,735 Common shares issued 10,539 9,387 31,255 28,088 Cash used in financing activities (732,120) (493,545) (1,734,241) (813,813) Effect of exchange rate changes on cash and cash equivalents 1,503 2,172 5,900 (1,106) Net increase in cash and cash equivalents during the period 797,194 55,226 1,428,328 638,567 Cash and cash equivalents, beginning of period 1,557,565 921,989 926,431 338,648 Cash and cash equivalents, end of period $ 2,354,759 $    977,215 $ 2,354,759 $    977,215 SUPPLEMENTAL CASH FLOW INFORMATION Interest paid $        7,795 $      26,870 $      46,213 $      76,773 Income and mining taxes paid $    261,403 $    119,178 $    877,708 $    377,555 SOURCE Agnico Eagle Mines Limited WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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