Agnico Eagle Mines : First Quarter 2026 Results
AEM.TO
Published on 05/01/2026 at 08:23 am EDT
NYSE & TSX: AEM
May 1, 2026
2
Strengthening Financial Position and Increasing Shareholder Returns
Returned ~$375 million directly to shareholders through dividends and the Normal Course Issuer Bid ("NCIB")
Targeting to return ~40% of annual free cash flow to shareholders*
Detour Lake
1
Record Financial Results Driven by Solid Operational Performance
Operations - performance in line with plan, production led by Detour Lake, Canadian Malartic and Fosterville
Record financial results -adjusted EBITDA and adjusted net income
Canadian Malartic
3
Building the
Foundations of Our Future Growth
Advancing construction, development and studies at 5 key value driver projects
Positive exploration results at key value driver projects
Proposed consolidation of the Central Lapland Greenstone Belt in Finland
Hope Bay
On Track to Achieve 2026 Gold Production
Q1 2026
825 koz2
Full Year
Production Guidance
3.3 - 3.5 Moz
Full Year Guidance
* Through the dividend and NCIB
1 These are non-GAAP measures, see Notes to Investors Regarding Certain Measures of Performance in this presentation
2 Gold production excludes gold ounces from La India and Creston Mascota which were produced from residual leaching, see Notes to Investors Regarding Certain Measures of Performance in the appendix
NYSE & TSX: AEM
Q1 2026 RESULTS 3
Q1 2026
Q1 2025
Realized Gold Price1 ($/oz)
$4,861
$2,891
Gold Production2 (koz)
825
874
Production Costs ($/oz)
$1,158
$879
Total Cash Costs3,4 ($/oz)
$1,093
$895
AISC3,4 ($/oz)
$1,483
$1,175
(in millions)
Net Income
$1,695
$815
Adjusted Net Income3
$1,706
$770
Adjusted EBITDA3
$3,011
$1,590
Cash Provided by Operating Activities
$1,346
$1,044
Capital Expenditures3,5
$574
$419
Free Cash Flow3
$732
$594
(basic shares outstanding)
Net Income per share
$3.39
$1.62
Adjusted Net Income per share3
$3.41
$1.53
Operating Cash Flow per share3
$2.69
$2.08
1,200
1,000
800
600
400
Gold Production and Total Cash Costs
Q24
2025
Q3 4
2025
Q4 4
2025
Q1 2026
3
Total Cash Costs ($/oz)
$5.00
$4.00
$3.00
$2.00
$1.00
$-
Per Share Results
$3.41
$2.70
$1.94
$2.16
Q1 2026 - Operating cash flow per share reflects $1.3B tax
Q2
2025
Q3
2025
Q4
2025
Q1
2026
payment related to
3
3
Operating Cash Flow per Share
1 Realized gold price is calculated as gold revenues from mining operations divided by the number of ounces sold
2 Gold production excludes gold ounces from La India and Creston Mascota which were produced from residual leaching, see Notes to Investors Regarding Certain Measures of Performance in the appendix
3 These are non-GAAP measures, see Notes to Investors Regarding Certain Measures of Performance in the appendix
4 Total cash costs per ounce for each quarter of 2025 have been restated using the Company's revised composition for periods commencing on or after January 1, 2026. Using the Company's composition of this measure for periods ending on or prior to December 31, 2025, total cash costs per ounce were $903, $933, $994 and $1,089 for Q1, Q2, Q3 and Q4 2025, respectively.
5 Includes capitalized exploration
2025 tax liability
NYSE & TSX: AEM
Q1 2026 RESULTS 4
Shareholder Returns
Targeting to return 40% of annual free cash flow to shareholders Dividend
Q1 2026 Operating Cash Flow Allocation*
* Chart segments are indicative only
Dividends paid since 1983
Quarterly dividend of $0.45 per share Share Buyback
Total share repurchases of $150M in Q1 2026
Intention to renew the NCIB in May 2026 on substantially the same terms, with an increased internal purchase limit of $2B
Strengthening the Balance Sheet
Net cash1 position increased to ~$2.9B at the end of Q1 2026
Fitch Ratings upgraded the Company's long-term issuer default rating from BBB+ to A- in April 2026
Reinvestment in the Business
Investing in production growth at 5 key value driver projects
Dividend and Share Buyback
Strengthening the Balance Sheet
Sustaining
Capital
Reinvestment in the Business3
Cumulative returns to shareholders (1983 to Q1 2026):
~$6.0 billion2
Returned ~50% of free cash flow4 to shareholders in Q1 2026 through dividends and share buybacks
1 This is a non-GAAP measure, see Notes to Investors Regarding Certain Measures of Performance in the appendix
2 Calculated as $5.0B cumulative dividends declared since 1983 plus $944M cumulative shares repurchased under the NCIB since 2022
3 Includes growth capital and strategic investments
4 Free cash flow is calculated including the effect of changes in non-cash working capital balances; excluding the effect of changes in non-cash working capital balances equates to a return of ~23%
NYSE & TSX: AEM
Q1 2026 RESULTS 5
Odyssey
Q1 2026 Results
Strong production led by Canadian Malartic and Meadowbank, partially offset by lower grades at LaRonde and lower mill throughput at Kittila
Production at Meliadine and Goldex in line with plan
First production achieved at East Gouldie via ramp, approximately three months ahead of schedule
Optimization Initiatives
Q1 2026
Region
Gold Prod.
(koz)
Prod. Costs
($/oz)
TCC1
($/oz)
Op. Margin1
($M)
Quebec
277
$931
$998
$1,066
Nunavut
208
$1,335
$1,117
$694
Finland
49
$1,401
$1,313
$184
Continued advancement of automation initiatives at LaRonde, testing hauling ore tonnes with autonomous trucks from level 317 to level 290 in the East mine
Management and operational teams from several sites visited Finland to exchange best practices and learnings from Kittila's productivity initiatives
1 "TCC" represents Total Cast Costs and "Op. Margin" represents Operating Margin; these are non-GAAP measures, see Notes to Investors Regarding Certain Measures of Performance in the appendix
NYSE & TSX: AEM
Q1 2026 RESULTS 6
Canadian Malartic
Pathway to 1Moz Annual Producer
Advancing development and infrastructure at East Gouldie
First production via ramp achieved in Q1 2026
First production via shaft expected in Q2 2027
Exploration drilling yields positive results at Odyssey and Marban, extending mineralization envelope
Hope Bay
Potential 400koz Annual Producer in Nunavut
Upgrading existing infrastructure and advancing site preparedness for potential redevelopment
Progressing technical evaluation, with detailed engineering expected to reach ~55% prior to potential construction decision in May 2026
Continued exploration success at Patch 7
NYSE & TSX: AEM
Q1 2026 RESULTS 7
Detour Lake
Q1 2026 Results
Strong production led by Detour Lake and Fosterville
Record quarterly tonnes extracted from open pit, combined with strong mill performance at Detour Lake
Record quarterly mill throughput at Macassa, despite challenges related to paste fill system
Solid underground performance at Fosterville resulting in additional development and ore tonnes mined
Q1 2026
Optimization Initiatives
Region
Gold Prod.
(koz)
Prod. Costs
($/oz)
TCC1
($/oz)
Op. Margin1
($M)
Ontario
233
$1,035
$1,041
$1,010
Australia
41
$1,098
$1,123
$135
Mexico2
18
$3,746
$2,311
$56
Received permit to process AK ore from Macassa at LaRonde, unlocking incremental value through regional operating synergies
Continuing to advance LTE implementation at Macassa, supporting various optimization initiatives including the management operating system and tele-remote operation
1 "TCC" represents Total Cast Costs and "Op. Margin" represents Operating Margin; these are non-GAAP measures, see Notes to Investors Regarding Certain Measures of Performance in the appendix
2 Excludes gold ounces from La India and Creston Mascota which were produced from residual leaching, see Notes to Investors Regarding Certain Measures of Performance in the appendix
NYSE & TSX: AEM
Q1 2026 RESULTS 8
Detour Lake
Pathway to 1Moz Annual Producer
Advancing exploration ramp and commenced overburden excavation of conveyor-ramp portal
Commenced high-intensity drilling program in west zone near the planned exploration ramp
Drilling further defined high-grade domains and west extension zone
Upper Beaver
Annual Producer with 200koz+ in Kirkland Lake Camp
Development of exploration ramp and exploration shaft continue to advance ahead of schedule
High-intensity drilling program targeting zone at 500-600m depth to complement bulk sample at the 760-metre level
San Nicolás
50% Joint Venture with Teck Resources
Cu-Zn-Ag-Au deposit located in Zacatecas, Mexico
MIA-R and ETJ permits completed, regulatory decision pending
Targeting 50% completion of engineering by mid-year 2026
NYSE & TSX: AEM
Q1 2026 RESULTS 9
East Gouldie deposit - Drilling continues to yield positive results in the upper eastern and deeper areas of the East Gouldie deposit
Odyssey North - Conversion drilling encountered significant mineralization in the lower portion of the porphyry in the internal zones
Highlights Intercepts
East Gouldie - 3.0 g/t gold over 14.7m at 999m depth East Gouldie - 6.7 g/t gold over 36.0m at 1,089m depth
Odyssey internal zone - 9.0 g/t gold over 53.5m (core length) at 1,067m depth
NYSE & TSX: AEM
Q1 2026 RESULTS 10
West Pit zone - Commenced high-intensity drilling program from surface to test the proposed underground bulk sample area near the planned exploration ramp, to validate the continuity of mineralization and improve the accuracy of the geological model
West Extension zone - Drilling continued to extend the underground mineral potential to the west
Highlights Intercepts
West Pit zone - 8.9 g/t gold over 14.1m at 187m depth
West Extension zone - 10.7 g/t gold over 10.1m at 497m depth West Extension zone - 2.6 g/t gold over 27.4m at 669m depth West Extension zone - 28.0 g/t gold over 4.4m at 734m depth
NYSE & TSX: AEM
Q1 2026 RESULTS 11
Creating a Multi-Decade, Multi-Asset Platform
Regional consolidation enhancing the Finland platform Unlocks significant value at Ikkari
Consolidates a highly prospective land package that will total approx. 2,492 km2 (including 279 km2 at Kittila)
Significant Exploration Upside
Consolidated land package has significant potential for
2
4 mineral resource expansion and new discoveries
1
3 Main areas of interest for an initial 3-year exploration program:
1▪ The Ikkari-Helmi gap area - from the property boundary between Rupert and the Fingold JV
2▪ The broader Ikkari trend
3▪ Aurion's Risti property and Fingold JV
4▪ The Area 51 target on Rupert's property, with targets analogous to Cu-Ni-PGE deposits nearby
NYSE & TSX: AEM
Q1 2026 RESULTS 12
Low-Risk Mining Jurisdictions
Highest Quality Senior Gold Producer
Strategic Regional Focus
Strong Financial Returns
Multi-mine, multi-decade geologic potential
Multi-decade political stability
Regional focus maintaining a manageable business
High sustainability standards with multi-decade investment horizon
Disciplined capital investments based on technical and regional knowledge
Creating value through the drill bit and technical expertise
High-quality project pipeline in core operating regions with unique potential to leverage existing assets
Competitive advantage from over 60 years of operations in Canada
Unique mining expertise in Nunavut
Emphasis on per share value creation
Strong financial position to fund growth projects, strengthen balance sheet and return capital to shareholders
43 consecutive years of dividend payments
NYSE & TSX: AEM
Q1 2026 RESULTS 13
As at December 31, 2025
As at December 31, 2024
Category
Tonnes (000s)
Grade (g/t Au)
Contained Gold
(000s oz)
Tonnes (000s)
Grade (g/t Au)
Contained Gold
(000s oz)
Mineral Reserves
Proven
212,796
0.98
6,731
215,249
0.93
6,433
Probable
1,116,755
1.36
48,711
1,061,639
1.40
47,852
Total Proven & Probable
1,329,551
1.30
55,442
1,276,888
1.32
54,284
Mineral Resources
Measured
113,254
1.28
4,656
111,028
1.23
4,397
Indicated
1,086,470
1.21
42,420
1,056,019
1.14
38,553
Total Measured & Indicated
1,199,724
1.22
47,076
1,167,047
1.14
42,950
Total Inferred
522,289
2.49
41,815
451,483
2.49
36,208
* See AEM February 12, 2026 news release for further details on the mineral reserves and mineral resources as at December 31, 2025
NYSE & TSX: AEM
Q1 2026 RESULTS 15
Gold
Mining Method*
000
Tonnes
g/t
000
Oz Au
000
Tonnes
g/t
000
Oz Au
000
Tonnes
g/t
000
Oz Au
Metallurgical Recovery (%)
LaRonde mine1
U/G
2,469
4.65
369
8,158
6.06
1,590
10,627
5.73
1,959
94.4
LaRonde Zone 52
U/G
6,405
2.02
415
6,800
2.17
474
13,205
2.09
889
94.5
LaRonde Total
8,874
2.75
784
14,959
4.29
2,064
23,832
3.72
2,848
Canadian Malartic mine3
O/P
36,896
0.50
597
21,697
1.22
852
58,594
0.77
1,449
88.8
Marban deposit4
-
-
-
51,618
0.95
1,577
51,618
0.95
1,577
90.0
Odyssey deposit5
U/G
29
2.37
2
4,758
2.12
325
4,787
2.12
327
95.0
East Gouldie6
U/G
-
-
-
54,943
3.23
5,699
54,943
3.23
5,699
94.4
Odyssey Mine Total
29
2.37
2
59,701
3.14
6,024
59,730
3.14
6,026
Canadian Malartic Total
36,925
0.50
599
133,016
1.98
8,453
169,941
1.66
9,052
Goldex7
U/G
6,255
1.48
298
9,065
1.68
488
15,320
1.60
786
85.9
Akasaba West8
O/P
969
0.82
26
2,807
0.96
86
3,777
0.92
112
77.6
Goldex Total
7,225
1.39
324
11,872
1.51
575
19,097
1.46
898
Wasamac
U/G
-
0.00
-
14,757
2.90
1,377
14,757
2.90
1,377
89.7
Quebec Total
53,023
1.00
1,707
174,603
2.22
12,468
227,626
1.94
14,175
Detour Lake (At or above 0.5 g/t)
O/P
66,690
1.08
2,313
434,448
0.90
12,641
501,138
0.93
14,954
88.4
Detour Lake (Below 0.5 g/t)
O/P
53,681
0.42
722
243,242
0.37
2,899
296,923
0.38
3,621
88.4
Detour Lake Total9
120,371
0.78
3,035
677,690
0.71
15,540
798,061
0.72
18,575
Macassa10
U/G
612
10.43
205
6,013
8.68
1,678
6,625
8.84
1,883
95.9
Macassa Near Surface11
U/G
3
2.11
-
80
3.91
10
84
3.84
10
93.5
AK deposit12
U/G
126
4.35
18
1,975
4.54
288
2,101
4.53
306
93.5
Macassa Total
742
9.36
223
8,068
7.62
1,976
8,810
7.77
2,200
Upper Beaver
O/P
-
-
-
3,235
1.82
189
3,235
1.82
189
95.5
Upper Beaver
U/G
-
-
-
19,946
4.02
2,579
19,946
4.02
2,579
95.5
Upper Beaver Total13
-
-
-
23,181
3.71
2,768
23,181
3.71
2,768
Hammond Reef14
O/P
-
-
-
123,473
0.84
3,323
123,473
0.84
3,323
89.8
Ontario Total
121,113
0.84
3,258
832,412
0.88
23,607
953,524
0.88
26,865
Amaruq
O/P
8,048
1.26
327
7,364
3.17
750
15,412
2.17
1,077
90.5
Amaruq
U/G
81
4.22
11
2,221
5.12
366
2,302
5.09
377
90.5
Meadowbank Total15
8,129
1.29
338
9,585
3.62
1,116
17,714
2.55
1,454
Meliadine
O/P
1,142
4.24
156
4,291
3.64
503
5,433
3.77
658
96.0
Meliadine
U/G
2,962
6.32
602
13,680
5.37
2,362
16,642
5.54
2,964
96.0
Meliadine Total16
4,104
5.74
757
17,971
4.96
2,864
22,075
5.10
3,622
Hope Bay17
U/G
93
6.77
20
16,086
6.53
3,376
16,178
6.53
3,396
87.5
Nunavut Total
12,325
2.82
1,116
43,642
5.24
7,356
55,967
4.71
8,472
Fosterville18
U/G
887
5.41
154
9,516
4.95
1,516
10,403
4.99
1,670
92.0
Australia Total
887
5.41
154
9,516
4.95
1,516
10,403
4.99
1,670
Kittila19
U/G
931
4.66
140
23,818
4.15
3,179
24,749
4.17
3,319
86.0
Europe Total
931
4.66
140
23,818
4.15
3,179
24,749
4.17
3,319
Pinos Altos
O/P
26
1
1,629
1.00
53
1,656
1.00
53
93.6
Pinos Altos
U/G
633
2.06
42
2,374
2.29
175
3,007
2.24
216
94.2
Pinos Altos Total20
659
2.00
42
4,003
1.76
227
4,662
1.80
269
San Nicolás (50%)21
O/P
23,858
0.41
314
28,761
0.39
358
52,619
0.40
672
17.6
Mexico Total
24,517
0.45
357
32,764
0.56
585
57,281
0.51
941
Total Gold
212,796
0.98
6,731
1,116,755
1.36
48,711
1,329,551
1.30
55,442
Operation / Project
Proven
Mineral Reserves as at December 31, 2025
Probable
Proven & Probable
NYSE & TSX: AEM
Q1 2026 RESULTS 16
Mineral Reserves as at December 31, 2025
Operation / Project
Proven
Probable
Proven & Probable
Silver
Mining Method*
000 Tonnes g/t
000 Oz Ag
000 Tonnes g/t
000 Oz Ag
000 Tonnes
g/t
000 Oz Ag
Metallurgical
Recovery (%)
LaRonde mine Pinos Altos Pinos Altos
Pinos Altos Total
San Nicolás (50%)
U/G O/P U/G
O/P
2,469 10.46
830
8,158 20.75
5,443
10,627
18.36
6,273
78.1
26 8.57
7
1,629 34.82
1,824
1,656
34.40
1,831
44.5
633 45.29
922
2,374 27.30
2,083
3,007
31.09
3,005
50.0
659 43.81
929
4,003 30.36
3,907
4,662
32.26
4,836
23,858 23.93
18,356
28,761 20.91
19,333
52,619
22.28
37,689
38.6
Total Silver
26,986 23.18
20,116
40,923 21.80
28,682
67,909
22.35
48,798
Copper
Mining
Method*
000 Tonnes %
Tonnes Cu
000 Tonnes %
Tonnes Cu
000 Tonnes % Tonnes Cu Metallurgical
Recovery (%)
LaRonde mine Akasaba West Upper Beaver Upper Beaver
Upper Beaver Total
San Nicolás (50%)
U/G O/P O/P U/G
O/P
2,469 0.17
4,081
8,158 0.30
24,751
10,627
0.27
28,831
82.8
969 0.48
4,640
2,807 0.53
14,810
3,777
0.51
19,451
79.0
- -
-
3,235 0.14
4,477
3,235
0.14
4,477
79.2
- -
-
19,946 0.25
50,453
19,946
0.25
50,453
79.2
- -
-
23,181 0.24
54,930
23,181
0.24
54,930
23,858 1.26
299,809
28,761 1.01
291,721
52,619
1.12
591,530
78.2
Total Copper
27,296 1.13
308,530
62,908 0.61
386,213
90,204
0.77
694,743
Zinc
Mining
Method*
000 Tonnes %
Tonnes Zn
000 Tonnes %
Tonnes Zn
000 Tonnes % Tonnes Zn Metallurgical
Recovery (%)
LaRonde mine
U/G
2,469 0.36
8,951
8,158 1.09
88,811
10,627
0.92
97,762
70.2
San Nicolás (50%)
O/P
23,858 1.61
383,313
28,761 1.37
394,115
52,619
1.48
777,428
80.9
Total Zinc
26,327 1.49
392,263
36,920 1.31
482,926
63,246
1.38
875,190
*Open Pit ("O/P"), Underground ("U/G")
1 LaRonde mine: Net smelter value cut-off varies according to mining type and depth, not less than C$95/t for LP1 (Area 11-3) and not less than C$228/t for LaRonde.
2 LaRonde Zone 5: Gold cut-off grade varies according to stope size and depth, not less than 1.46 g/t.
3 Canadian Malartic: Gold cut-off grade is 0.35 g/t.
4 Marban deposit: Gold cut-off grade is 0.31 g/t.
5 Odyssey deposit: Gold cut-off grade varies according to mining zone and depth, not less than 1.44 g/t.
6 East Gouldie: Gold cut-off grade not less than 1.57 g/t.
7 Goldex: Gold cut-off grade varies according to mining type and depth, not less than 1.00 g/t.
8 Akasaba West: Net smelter value cut-off varies, not less than C$33.28/t.
9 Detour Lake: Gold cut-off grade is 0.27 g/t.
10 Macassa: Gold cut-off grade varies according to mining type, not less than 3.35 g/t for long hole method and 3.78 g/t for cut and fill method.
11 Macassa Near Surface deposit: Gold cut-off grade not less than 2.10 g/t.
12 Amalgamated Kirkland ("AK") deposit: Gold cut-off grade not less than 2.10 g/t.
13 Upper Beaver: Net smelter value cut-off varies according to mining type, not less than C$118.17/t for underground and C$43.49/t for open pit.
14 Hammond Reef: Gold cut-off grade is 0.41 g/t.
15 Amaruq: Gold cut-off grade varies according to mining type, not less than 0.98 g/t for open pit mineral reserves and 3.05 g/t for underground mineral reserves (gold cut-off grade for marginal underground mineral reserves from development is 1.17 g/t).
16 Meliadine: Gold cut-off grade varies according to mining type, not less than 1.50 g/t for open pit mineral reserves and 3.90 g/t for underground mineral reserves (gold cut-off grade for marginal underground mineral reserves from development is 1.50 g/t).
17 Hope Bay: Gold cut-off grade not less than 4.00 g/t.
18 Fosterville: Gold cut-off grade varies according to mining zone and type, not less than 3.00 g/t.
19 Kittila: Gold cut-off grade varies according to haulage distance, not less than 2.63 g/t.
20 Pinos Altos: Net smelter value cut-off varies according to mining zone and type, not less than C$25.44/t for open pit mineral reserves and US$85.97/t for the underground mineral reserves.
21 San Nicolás (50%): Net smelter return cut-off values for low zinc/copper ore of $9.71/t and for high zinc/copper ore of $13.15/t.
NYSE & TSX: AEM
Q1 2026 RESULTS 17
NYSE & TSX: AEM
Q1 2026 RESULTS 18
Mineral Resources as at December 31, 2025
Operation / Project
Measured
Indicated
Mesaured & Indicated
Inferred
Gold
Mining Method
000 Tonnes
g/t
000 Oz Au
000 Tonnes
g/t
000 Oz Au
000 Tonnes
g/t
000 Oz Au
000 Tonnes
g/t
000 Oz Au
LaRonde mine LaRonde Zone 5
LaRonde Total Canadian Malartic mine Marban deposit Marban deposit Marban regional Marban regional
Odyssey deposit East Malartic East Gouldie
Odyssey Mine Total Canadian Malartic Total
Goldex Akasaba West Akasaba West
Goldex Total Akasaba regional
Wasamac
U/G
-
-
-
6,457
3.59
746
6,457
3.59
746
1,366
6.03
265
U/G
-
-
-
24,207
1.93
1,506
24,207
1.93
1,506
11,677
3.00
1,127
-
-
-
30,664
2.28
2,251
30,664
2.28
2,251
13,043
3.32
1,392
O/P
-
-
-
-
-
-
-
-
-
5,011
0.73
118
O/P
-
-
-
3,875
0.51
63
3,875
0.51
63
2,956
0.66
63
U/P
-
-
-
-
-
-
-
-
-
4,544
2.14
313
O/P
-
-
-
14,794
1.22
582
14,794
1.22
582
11,272
1.08
390
U/P
-
-
-
296
3.36
32
296
3.36
32
183
3.37
20
U/G
-
-
-
4,493
1.63
236
4,493
1.63
236
20,176
2.23
1,445
U/G
-
-
-
48,216
1.92
2,976
48,216
1.92
2,976
63,275
1.89
3,835
U/G
-
-
-
5,048
1.42
230
5,048
1.42
230
94,278
2.43
7,372
-
-
-
57,757
1.85
3,442
57,757
1.85
3,442
177,729
2.21
12,652
-
-
-
76,723
1.67
4,120
76,723
1.67
4,120
201,694
2.09
13,556
U/G
12,360
1.86
739
21,245
1.45
988
33,604
1.60
1,727
17,951
1.46
842
O/P
-
-
-
130
0.38
2
130
0.38
2
-
-
-
U/P
-
-
-
-
-
-
-
-
-
966
1.60
50
12,360
1.86
739
21,374
1.44
989
33,734
1.59
1,728
18,917
1.47
892
U/G
-
-
-
-
-
-
-
-
-
3,052
3.24
318
U/G
-
-
-
9,479
2.19
667
9,479
2.19
667
3,911
2.48
312
Quebec Total
12,360
1.86
739
138,241
1.81
8,027
150,601
1.81
8,766
240,618
2.13
16,469
Detour Lake
O/P
35,300
1.16
1,312
587,007
0.66
12,373
622,307
0.68
13,685
51,442
1.38
2,290
Detour Lake
U/G
-
-
-
52,924
2.04
3,472
52,924
2.04
3,472
59,549
2.03
3,878
Detour Lake Zone 58N
U/G
-
-
-
2,868
5.80
534
2,868
5.80
534
973
4.35
136
Detour Lake Total
35,300
1.16
1,312
642,798
0.79
16,379
678,098
0.81
17,691
111,964
1.75
6,304
Macassa
U/G
379
10.30
125
2,818
5.85
530
3,197
6.38
656
5,448
7.00
1,226
Macassa Near Surface
U/G
-
-
-
59
4.02
8
59
4.02
8
309
3.99
40
AK deposit
U/G
-
-
-
212
2.53
17
212
2.53
17
308
3.40
34
Macassa Total
379
10.30
125
3,090
5.59
555
3,469
6.10
681
6,066
6.66
1,299
Aquarius
O/P
-
-
-
12,364
2.15
856
12,364
2.15
856
122
3.59
14
Holt complex
U/G
5,806
4.29
800
5,884
4.75
898
11,690
4.52
1,699
9,097
4.48
1,310
Anoki-McBean
U/G
-
-
-
3,919
2.77
349
3,919
2.77
349
867
3.84
107
Upper Beaver
O/P
-
-
-
54
0.87
2
54
0.87
2
-
-
-
Upper Beaver
U/G
-
-
-
7,510
2.04
493
7,510
2.04
493
2,953
4.12
391
Upper Beaver Total
-
-
-
7,564
2.03
495
7,564
2.03
495
2,953
4.12
391
Upper Canada
O/P
-
-
-
1,477
1.66
79
1,477
1.66
79
1,408
1.47
66
Upper Canada
U/G
-
-
-
9,546
2.40
738
9,546
2.40
738
22,736
2.93
2,145
Upper Canada Total
-
-
-
11,024
2.30
817
11,024
2.30
817
24,143
2.85
2,211
Hammond Reef
O/P
47,063
0.54
819
86,304
0.53
1,478
133,367
0.54
2,298
-
-
-
Ontario Total
88,548
1.07
3,057
772,946
0.88
21,829
861,494
0.90
24,885
155,212
2.33
11,636
Mineral Resources as at December 31, 2025
Operation / Project
Measured
Indicated
Mesaured & Indicated
Inferred
Gold
Mining Method
000 Tonnes
g/t
000 Oz Au
000 Tonnes
g/t
000 Oz Au
000 Tonnes
g/t
000 Oz Au
000 Tonnes
g/t
000 Oz Au
Amaruq
O/P
-
-
-
2,488
3.03
242
2,488
3.03
242
190
2.87
18
Amaruq
U/G
-
-
-
8,887
3.83
1,094
8,887
3.83
1,094
5,750
4.14
765
Meadowbank Total
-
-
-
11,374
3.65
1,336
11,374
3.65
1,336
5,940
4.10
783
Meliadine
O/P
288
2.82
26
5,705
2.72
499
5,994
2.73
525
710
4.22
96
Meliadine
U/G
1,662
3.80
203
12,928
3.65
1,515
14,590
3.66
1,719
14,036
5.28
2,382
Meliadine Total
1,951
3.66
229
18,634
3.36
2,015
20,584
3.39
2,244
14,746
5.23
2,478
Hope Bay
U/G
-
-
-
14,946
4.61
2,217
14,946
4.61
2,217
16,868
5.98
3,246
Nunavut Total
1,951
3.66
229
44,954
3.85
5,567
46,905
3.84
5,797
37,555
5.39
6,507
Fosterville
O/P
651
4.06
85
10,702
3.76
1,293
11,353
3.77
1,377
13,328
4.19
1,795
Fosterville
U/G
337
3.72
40
16,203
1.41
732
16,539
1.45
772
13,255
1.75
745
Fosterville Total
-
-
-
4,470
4.75
683
4,470
4.75
683
5,807
4.11
767
Northern Territory
O/P
337
3.72
40
20,672
2.13
1,415
21,009
2.15
1,455
19,062
2.47
1,512
Northern Territory
U/G
987
3.94
125
31,374
2.68
2,707
32,362
2.72
2,832
32,391
3.18
3,307
Northern Territory Total
-
-
-
-
-
-
-
-
-
373
3.89
47
Australia Total
4,669
2.87
431
17,874
2.81
1,617
22,544
2.83
2,048
6,209
4.66
930
Kittila
O/P
4,669
2.87
431
17,874
2.81
1,617
22,544
2.83
2,048
6,582
4.62
977
Kittila
U/G
-
-
-
3,178
1.08
111
3,178
1.08
111
2,260
1.25
91
Kittila Total
-
-
-
1,158
1.77
66
1,158
1.77
66
13,552
2.10
914
Barsele (55%)
O/P
-
-
-
4,335
1.27
176
4,335
1.27
176
15,811
1.98
1,005
Barsele (55%)
U/G
4,669
2.87
431
22,210
2.51
1,794
26,879
2.57
2,224
22,393
2.75
1,982
Barsele (55%) Total1
-
-
-
2,488
3.03
242
2,488
3.03
242
190
2.87
18
Europe Total
-
-
-
8,887
3.83
1,094
8,887
3.83
1,094
5,750
4.14
765
Pinos Altos
O/P
-
-
-
1,530
0.90
44
1,530
0.90
44
154
0.57
3
Pinos Altos
U/G
-
-
-
12,659
2.14
872
12,659
2.14
872
1,378
2.04
90
Pinos Altos Total
-
-
-
14,189
2.01
916
14,189
2.01
916
1,533
1.89
93
La India
O/P
4,478
0.52
74
880
0.53
15
5,358
0.52
89
-
-
-
San Nicolás (50%)
O/P
261
0.08
1
3,037
0.20
19
3,297
0.19
20
2,468
0.13
10
Tarachi
O/P
-
-
-
19,290
0.58
361
19,290
0.58
361
242
0.52
4
Chipriona
O/P
-
-
-
11,652
0.77
287
11,652
0.77
287
1,284
0.63
26
El Barqueño Gold
O/P
-
-
-
8,431
1.24
335
8,431
1.24
335
9,696
1.12
349
Santa Gertrudis
O/P
-
-
-
19,267
0.91
563
19,267
0.91
563
9,819
1.36
429
Santa Gertrudis
U/G
-
-
-
-
-
-
-
-
-
9,079
3.44
1,004
Santa Gertrudis Total
-
-
-
19,267
0.91
563
19,267
0.91
563
18,898
2.36
1,433
Mexico Total
4,739
0.49
75
76,746
1.01
2,496
81,485
0.98
2,571
34,120
1.75
1,915
Total Gold
113,254
1.28
4,656
1,086,470
1.21
42,420
1,199,724
1.22
47,076
522,289
2.49
41,815
NYSE & TSX: AEM
Q1 2026 RESULTS 19
Mineral Resources as at December 31, 2025
Operation / Project
Measured
Indicated
Mesaured & Indicated
Inferred
Silver
Mining Method
000 Tonnes
g/t
000 Oz Ag
000 Tonnes
g/t
000 Oz Ag
000 Tonnes
g/t
000 Oz Ag
000 Tonnes
g/t
000 Oz Ag
LaRonde mine
U/G
-
-
-
6,457
14.92
3,097
6,457
14.92
3,097
1,366
15.50
680
Pinos Altos
O/P
-
-
-
1,530
20.28
997
1,530
20.28
997
154
13.90
69
Pinos Altos
U/G
-
-
-
12,659
54.77
22,294
12,659
54.77
22,294
1,378
48.42
2,146
Pinos Altos Total
-
-
-
14,189
51.05
23,291
14,189
51.05
23,291
1,533
44.95
2,215
La India
O/P
4,478
2.72
391
880
2.58
73
5,358
2.70
464
-
-
-
San Nicolás (50%)
O/P
261
6.40
54
3,037
11.86
1,158
3,297
11.43
1,211
2,468
9.26
735
Chipriona
O/P
-
-
-
11,652
100.69
37,722
11,652
100.69
37,722
1,284
76.97
3,176
El Barqueño Silver
O/P
-
-
-
-
-
-
-
-
-
4,462
121.28
17,399
El Barqueño Gold
O/P
-
-
-
8,431
5.15
1,396
8,431
5.15
1,396
9,696
16.00
4,989
Santa Gertrudis
O/P
-
-
-
19,267
3.66
2,269
19,267
3.66
2,269
9,819
1.85
585
Santa Gertrudis
U/G
-
-
-
-
-
-
-
-
-
9,079
23.31
6,803
Santa Gertrudis Total
-
-
-
19,267
3.66
2,269
19,267
3.66
2,269
18,898
12.16
7,389
Total Silver
4,739
2.92
445
63,913
33.58
69,005
68,652
31.47
69,450
39,705
28.66
36,582
Copper
Mining Method
000 Tonnes % Tonnes Cu
000 Tonnes % Tonnes Cu
000 Tonnes % Tonnes Cu
000 Tonnes % Tonnes Cu
LaRonde mine
U/G
-
-
-
6,457
0.15
9,387
6,457
0.15
9,387
1,366
0.26
3,526
Akasaba West
O/P
-
-
-
130
0.16
205
130
0.16
205
-
-
-
Akasaba West
U/P
-
-
-
-
-
-
-
-
-
966
0.88
8,451
Akasaba West Total
-
-
-
130
0.16
205
130
0.16
205
966
0.88
8,451
Upper Beaver
O/P
-
-
-
54
0.10
56
54
0.10
56
-
-
-
Upper Beaver
U/G
-
-
-
7,510
0.16
12,063
7,510
0.16
12,063
2,953
0.36
10,649
Upper Beaver Total
-
-
-
7,564
0.16
12,118
7,564
0.16
12,118
2,953
0.36
10,649
San Nicolás (50%)
O/P
261
1.35
3,526
3,037
1.17
35,489
3,297
1.18
39,015
2,468
0.94
23,144
Chipriona
O/P
-
-
-
11,652
0.16
18,768
11,652
0.16
18,768
1,284
0.11
1,377
El Barqueño Gold
O/P
-
-
-
8,431
0.21
17,650
8,431
0.21
17,650
9,696
0.22
21,555
El Barqueño Silver
O/P
-
-
-
-
-
-
-
-
-
4,462
0.04
1,852
Total Copper
261
1.35
3,526
37,270
0.25
93,617
37,531
0.26
97,143
23,193
0.30
70,555
Zinc
Mining Method
000 Tonnes % Tonnes Zn
000 Tonnes % Tonnes Zn
000 Tonnes % Tonnes Zn
000 Tonnes % Tonnes Zn
LaRonde mine
U/G
-
-
-
6,457
0.98
63,087
6,457
0.98
63,087
1,366
0.43
5,856
San Nicolás (50%)
O/P
261
0.39
1,012
3,037
0.71
21,618
3,297
0.69
22,630
2,468
0.62
15,355
Chipriona
O/P
-
-
-
11,652
0.87
101,211
11,652
0.87
101,211
1,284
0.72
9,178
Total Zinc
261
0.39
1,012
21,146
0.88
185,916
21,407
0.87
186,928
5,117
0.59
30,389
1 On January 28, 2026, Agnico Eagle entered into an agreement to sell its 55% interest in the Barsele project to Goldsky Resources Corp., with the closing of the transaction expected on or prior to June 30, 2026 (see AEM January 28, 2026 news release)
NYSE & TSX: AEM
Q1 2026 RESULTS 20
Disclaimer
Agnico-Eagle Mines Limited published this content on May 01, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 01, 2026 at 12:22 UTC.