# EDGAR Filing Document

**Accession Number:** 0000002809
**File Stem:** 0001104659-26-053113
**Filing Date:** 2026-4
**Character Count:** 186088
**Document Hash:** de63e3b034e778f242eeefc164b0e6e2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-053113.hdr.sgml**: 20260430

**ACCESSION NUMBER**: 0001104659-26-053113

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260430

**DATE AS OF CHANGE**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AGNICO EAGLE MINES LTD
- **CENTRAL INDEX KEY:** 0000002809
- **STANDARD INDUSTRIAL CLASSIFICATION:** GOLD & SILVER ORES [1040]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13422
- **FILM NUMBER:** 26926865

**BUSINESS ADDRESS:**
- **STREET 1:** 145 KING STREET EAST
- **STREET 2:** SUITE 400
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5C 2Y7
- **BUSINESS PHONE:** 4169471212

**MAIL ADDRESS:**
- **STREET 1:** 145 KING STREET EAST
- **STREET 2:** SUITE 400
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5C 2Y7

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington** **, D.C. 20549**

**Form 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE<br> SECURITIES EXCHANGE ACT OF 1934**

For the month of April, 2026

Commission File Number 001-13422

AGNICO EAGLE MINES LIMITED

(Translation of registrant's name into English)

145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ◻ Form 40-F ⌧

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(1): ◻

**Note:** Regulation S-T Rule 101 (b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(7): ◻

**Note:** Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes ◻ No ⌧

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-<u> </u>.

**EXHIBITS**

Exhibit No. <u>Exhibit Description</u> <br> <u>[99.1](tm2612722d2_ex99-1.htm)</u> <u>[First Quarter Report](tm2612722d2_ex99-1.htm)</u>

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | <u>AGNICO EAGLE MINES LIMITED</u> | <u>AGNICO EAGLE MINES LIMITED</u> |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant) |
| Date: 04/30/2026 | By: | /s/ Chris Vollmershausen |
|  |  | Chris Vollmershausen |
|  |  | Executive Vice-President, Legal, General Counsel & Corporate Secretary |

---

Exhibit Number 99.1 submitted with this Form 6-K is hereby incorporated by reference into Agnico Eagle Mines Limited's Registration Statements on Form F-3 (File Nos. [333-271854](https://www.sec.gov/Archives/edgar/data/2809/000110465923059242/tm2315147d1_f3d.htm) and [333-280180](https://www.sec.gov/Archives/edgar/data/2809/000110465924071293/tm2417082d1_f3d.htm)), Form F-10 (File No. [333-280114](https://www.sec.gov/Archives/edgar/data/2809/000110465924070316/tm2415980-1_f10.htm)) and Form S-8 (File Nos. [333-130339](https://www.sec.gov/Archives/edgar/data/2809/000104746905028304/a2166022zs-8.htm) and [333-152004](https://www.sec.gov/Archives/edgar/data/2809/000110465908042831/a08-17563_1s8.htm))

## Exhibit 99.1

#### Exhibit 99.1
![[MISSING IMAGE: lg_agnicoeagle-bw.jpg]](lg_agnicoeagle-bw.jpg)

## First Quarter Report 2026

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026
This Management's Discussion and Analysis ("MD&A") dated April 30, 2026 of Agnico Eagle Mines Limited ("Agnico Eagle" or the "Company") should be read in conjunction with the Company's condensed interim consolidated financial statements for the three months ended March 31, 2026 (the "First Quarter Financial Statements") prepared in accordance with International Financial Reporting Standards ("IFRS<sup>®</sup> Accounting Standards"), International Accounting Standard 34 *Interim Financial Reporting* as issued by the International Accounting Standards Board ("IASB"). This MD&A should also be read in conjunction with the Company's annual Management's Discussion and Analysis ("Annual MD&A") and annual consolidated financial statements prepared in accordance with IFRS Accounting Standards ("Annual Financial Statements"). The First Quarter Financial Statements and this MD&A are presented in United States dollars ("US dollars", "$" or "US$") and all units of measurement are expressed using the metric system, unless otherwise specified. Certain information in this MD&A is presented in Canadian dollars ("C$"), Australian dollars ("A$") or European Union euros ("Euros" or "€"). Additional information relating to the Company is included in the Company's Annual Information Form for the year ended December 31, 2025 (the "AIF"). The AIF, Annual MD&A and Annual Financial Statements are available on the Canadian Securities Administrators' (the "CSA") SEDAR+ website at www.sedarplus.ca and included in the Company's Annual Report on Form 40-F for the year ended December 31, 2025 (the "Form 40-F") filed with the Securities and Exchange Commission ("SEC") and available at www.sec.gov/edgar.

Certain statements contained in this MD&A, referred to herein as "forward-looking statements", constitute "forward-looking information" under the provisions of Canadian provincial securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. See *Forward-Looking Statements* in this MD&A.

This MD&A discloses certain financial performance measures, including "total cash costs per ounce", "all-in sustaining costs per ounce" (also referred to as "AISC per ounce"), "minesite costs per tonne", "adjusted net income", "adjusted net income per share", "earnings before interest, taxes, depreciation and amortization" (also referred to as "EBITDA"), "adjusted earnings before interest, taxes, depreciation and amortization" (also referred to as "adjusted EBITDA"), "free cash flow", "free cash flow before changes in non-cash components of working capital", "net cash (debt)", "sustaining capital expenditures", "sustaining capitalized exploration", "development capital expenditures" and "development capitalized exploration" that are not standardized measures under IFRS Accounting Standards. These measures and ratios may not be comparable to similar measures or ratios reported by other gold producers. Each of "total cash costs per ounce" and "all-in sustaining costs per ounce" are reported on a per ounce of gold produced basis and, unless otherwise indicated, are reported on a by-product basis (deducting the impact of by-product metals from production costs). Minesite costs per tonne is reported on a per tonne of ore milled basis. For periods commencing on or after January 1, 2026, the Company revised the composition of its non-GAAP performance measures "total cash costs per ounce", "all-in sustaining costs per ounce" and "minesite costs per tonne". These changes affect only these non-GAAP measures where the measure includes results from Meadowbank (that is, Meadowbank, the Nunavut region and the consolidated costs of the Company). For the Company's other mines and regions, the revised composition did not affect the quantum of these non-GAAP measures. For further information regarding these changes, please see *"Non-GAAP Financial Performance Measures — Total Cash Costs per Ounce and Minesite Costs per Tonne"*. For reconciliation of each of these measures to the most directly comparable financial information presented in the Company's First Quarter Financial Statements prepared in accordance with IFRS Accounting Standards, a discussion of the composition and usefulness of these measures, see *Non-GAAP Financial Performance Measures* in this MD&A.

This MD&A also contains information as to estimated future total cash costs per ounce, AISC per ounce and minesite costs per tonne. These estimates are based upon the total cash costs per ounce, AISC per ounce and minesite costs per tonne 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 below under Non-GAAP Financial Performance Measures, 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.

------

Payable production (a non-GAAP non-financial performance measure) is the quantity of mineral produced during a period contained in products that have been 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.

Unless otherwise stated, references to "LaRonde", "Canadian Malartic", "Meadowbank" and "Goldex" are to the Company's operations at the LaRonde complex, the Canadian Malartic complex, the Meadowbank complex and the Goldex complex, respectively. 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 ("LZ5"). 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 Meadowbank complex consists of the mining, milling and processing operations at the Meadowbank mine and the mining operations at the Amaruq open pit and underground mines. 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 ("Akasaba West"). References to other operations are to the relevant mines, projects or properties, as applicable.

**Meaning of "include" "including" and "such as"**: When used in this MD&A the terms "include", "including" and "such as" mean including and such as, without limitation, respectively.

#### Business Overview
Agnico Eagle is a senior Canadian gold mining company that has produced precious metals since its formation in 1972. The Company's mining operations are located in Canada, Australia, Finland and Mexico and the Company has exploration activities in Canada, Europe, Latin America, Australia and the United States. The Company and its shareholders have full exposure to gold prices due to its long-standing policy of no forward gold sales. Agnico Eagle has declared a cash dividend every year since 1983.

Agnico Eagle's operating mines, exploration and development projects are located in what the Company believes to be politically stable countries that are generally supportive of the mining industry. The political stability of the regions in which Agnico Eagle operates helps to provide confidence in its current and future prospects and profitability. This is important for Agnico Eagle as it believes that many of its current mines and projects have long-term mining potential. Agnico Eagle earns substantially all of its revenue and cash flow from the production and sale of gold in both doré bar and concentrate form.

#### Recent Developments

#### Acquisition of Properties in the Central Lapland Greenstone Belt
On April 20, 2026, the Company announced a plan to complete a comprehensive consolidation of properties in the Central Lapland Greenstone Belt ("CLGB") of Northern Finland, pursuant to which Agnico Eagle has entered into definitive agreements in respect of three separate transactions: (i) the acquisition of all of the issued and outstanding shares of Rupert Resources Ltd. ("Rupert"); (ii) the acquisition of all of the issued and outstanding shares of Aurion Resources Ltd. ("Aurion"); and (iii) the acquisition of a 70% interest in Fingold Ventures Ltd. (the "Fingold JV") held by B2Gold Corp. ("B2Gold"), which together with the 30% interest held by Aurion, would result in Agnico Eagle owning a 100% ownership interest in the Fingold JV. The transactions with Aurion and Rupert are subject to customary closing conditions, including shareholder and regulatory approval, and are expected to close in the third quarter of 2026. The transaction with B2Gold closed on April 22, 2026.

The transactions would result in the consolidation of an approximately 2,492 km² land position in the CLGB, including the Ikkari gold project and properties in close proximity to the Company's existing Kittila mine.

#### Costs Considerations Related to Current Market Uncertainty
While the ongoing conflict in the Middle East introduces uncertainty related to fuel price volatility and the global supply chain, the Company does not currently foresee any significant impact on its procurement strategy

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026
and currently anticipates that fuel price volatility will be captured within the total cash costs per ounce and AISC per ounce guidance ranges of $1,020 to $1,120 and $1,400 to $1,550, respectively. Supported by the Company's regional operating strategy, with a focus on local procurement and resilient supply chains, the Company does not currently anticipate any significant risk of disruption to fuel, consumables or parts supplies across its operations. While higher transportation and freight costs are expected to persist amid ongoing uncertainty, the Company continues to actively monitor the situation for any potential impacts.

#### Tariffs
The international trade disputes set in motion in February 2025 by US tariffs, retaliatory tariffs and other actions remain fluid. The Company continues to believe that 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 monitor 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. The costs guidance provided in this MD&A does not include any potential impact from such tariffs or trade disputes.

#### Financial and Operating Results
 *Consolidated Operating Results* 

Agnico Eagle reported net income of $1,695.5 million, or $3.39 per share, in the first quarter of 2026, compared with net income of $814.7 million, or $1.62 per share, in the first quarter of 2025. Agnico Eagle reported adjusted net income<sup>1</sup> of $1,705.8 million, or $3.41 per share<sup>1</sup>, in the first quarter of 2026, compared with adjusted net income of $770.1 million, or $1.53 per share, in the first quarter of 2025. The increase in net income and adjusted net income was primarily due to higher operating margins between periods. Agnico Eagle reported EBITDA<sup>1</sup> of $2,995.6 million in the first quarter of 2026 compared with $1,633.8 million in the first quarter of 2025. Adjusted EBITDA<sup>1</sup> increased in the first quarter of 2026 to $3,010.8 million compared to $1,589.9 million in the first quarter of 2025. The increases in EBITDA and adjusted EBITDA were primarily due to higher operating margins between periods.

In the first quarter of 2026, operating margin (defined as revenues from mining operations less production costs) increased by 84.9% to $3,144.0 million, compared with $1,700.5 million in the first quarter of 2025. Gross profit increased by 112.2% to $2,723.7 million in the first quarter of 2026, compared with $1,283.7 million in the first quarter of 2025. The increase in both operating margin and gross profit is primarily due to a 66.1% increase in revenues from mining operations resulting from a 68.1% higher realized price of gold between periods and higher sales volumes at Detour Lake and Canadian Malartic, partially offset by lower sales volumes mainly at Macassa, Meadowbank, LaRonde and Meliadine.

Gold production decreased to 825,109 ounces in the first quarter of 2026 compared with 873,794 ounces in the first quarter of 2025, primarily due to decreased gold production from Macassa, Meadowbank, LaRonde and Kittila, partially offset by increased gold production at Detour Lake and Canadian Malartic.

Cash provided by operating activities increased to $1,345.9 million in the first quarter of 2026 compared with $1,044.2 million in the first quarter of 2025, primarily due to higher operating margins, partially offset by less favourable movements in working capital that arose from higher income tax payments between periods.

Free cash flow<sup>1</sup> increased to $732.1 million in the first quarter of 2026 compared with $594.1 million in the first quarter of 2025, primarily due to higher operating margins, partially offset by less favourable working capital movements and increases in capital expenditures between periods. Free cash flow before changes in non-cash components of working capital<sup>1</sup> increased to $1,617.6 million in the first quarter of 2026 compared

<sup>1</sup>

Adjusted net income, adjusted net income per share, EBITDA, adjusted EBITDA, free cash flow and free cash flow before changes in non-cash components of working capital are non-GAAP measures or ratios that are not standardized financial measures under IFRS Accounting Standards. For reconciliation of these measures to the most directly comparable financial measure under IFRS Accounting Standards, and a discussion of their composition and usefulness, see *Non-GAAP Financial Performance Measures.*

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026
with $759.3 million in the first quarter of 2025 primarily due to higher operating margins in the current period, partially offset by increases in capital expenditures between periods.

The table below sets out variances in the key drivers of net income for the three months ended March 31, 2026, compared with the three months ended March 31, 2025:

---

| | |
|:---|:---|
| **(millions of United States dollars)**  | &nbsp;&nbsp;&nbsp; **Three Months Ended <br> March 31, 2026 vs. <br> Three Months Ended <br> March 31, 2025**  |
| Increase in revenues from mining operations  | $1631.3 |
| Increase in production costs due to effects of foreign currencies  | (35.2) |
| Increase in production costs  | (152.6) |
| Increase in amortization of property, plant and mine development  | (3.5) |
| Increase in exploration and corporate development expenses  | (10.8) |
| Increase in general and administrative expenses  | (17.1) |
| Decrease in finance costs  | 6.7 |
| Change in derivative financial instruments  | (64.2) |
| Change in non-cash foreign currency translation  | 0.7 |
| Increase in care and maintenance  | (8.7) |
| Decrease in other income and expenses  | 18.4 |
| Increase in income and mining taxes  | (484.3) |
| **Total net income variance**  | $880.7 |

---

 *Three Months Ended March 31, 2026 vs. Three Months Ended March 31, 2025* 

Revenues from mining operations increased to $4,099.6 million in the first quarter of 2026, compared with $2,468.2 million in the first quarter of 2025, due to a 68.1% increase in the average realized price of gold and higher gold sales volumes at Detour Lake and Canadian Malartic, partially offset by a 1.6% decrease in sales volume of gold mainly at Macassa, Meadowbank, LaRonde and Meliadine.

Production costs were $955.6 million in the first quarter of 2026, a 24.5% increase compared with $767.7 million in the first quarter of 2025, primarily due to the contribution of higher production costs at Meadowbank, Detour Lake, Pinos Altos and Macassa. The overall increase in production costs is mainly attributed to higher royalty costs from higher gold prices, the strengthening of the Canadian dollar relative to the US dollar between periods and the consumption of stockpiles including associated re-handling costs.

Total cash costs per ounce of gold produced amounted to $1,093 on a by-product basis<sup>2</sup> and $1,178 on a co-product basis<sup>2</sup> in the first quarter of 2026 compared with $895 on a by-product basis and $938 on a co-product basis in the first quarter of 2025. The increase in cash costs per ounce on both a by-product and co-product basis is primarily due to increased total cash costs per ounce of gold produced at Macassa, LaRonde, Meliadine and Meadowbank.

Exploration and corporate development expenses increased to $52.6 million in the first quarter of 2026, compared with $41.8 million in the first quarter of 2025, primarily due to higher exploration expenses at LaRonde and Fosterville combined with higher corporate development expenses.

General and administrative expenses increased to $77.9 million during the first quarter of 2026, compared with $60.7 million during the first quarter of 2025 primarily due to an increase in employee compensation costs driven by a share price increase between periods.

<sup>2</sup>

Total cash costs per ounce of gold is a non-GAAP measure that is not a standardized financial measure under IFRS Accounting Standards. For a reconciliation of this measure (on both a by-product and co-product basis) to production costs and a discussion of the composition and usefulness of this measure, see *Non-GAAP Financial Performance Measures*.

------

Gain on derivative financial instruments decreased to $4.7 million during the first quarter of 2026, compared with a gain of $68.9 million during the first quarter of 2025, primarily due to an increase in unrealized losses on the Company's currency derivatives and a decrease in the market value of the Company's warrants between periods.

In the first quarter of 2026, the Company recorded income and mining taxes expense of $864.2 million on income before income and mining taxes of $2,559.6 million, resulting in an effective tax rate of 33.8%. In the first quarter of 2025, the Company recorded income and mining taxes expense of $379.8 million on income before income and mining taxes of $1,194.6 million, resulting in an effective tax rate of 31.8%. The increase in the effective tax rate between the first quarter of 2026 and the first quarter of 2025 is primarily attributable to higher mining taxes as a result of the overall increase in the profitability of the mining operations.

There are several factors that can significantly impact the Company's effective tax rate including varying rates in different jurisdictions, the non-recognition of certain tax assets, mining allowances, foreign currency exchange rate movements, changes in tax laws, the impact of specific transactions and assessments and the relative distribution of income in the Company's operating jurisdictions. As a result of these factors, the Company's effective tax rate is expected to continue to fluctuate in future periods.

#### Minesite Operating Results

#### LaRonde

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| **LaRonde — Operating Statistics\***  | &nbsp;&nbsp;&nbsp;&nbsp; **2026**  | &nbsp;&nbsp;&nbsp;&nbsp; **2025**  |
| Tonnes of ore milled (thousands)  | 776 | 675 |
| Tonnes of ore milled per day  | 8622 | 7500 |
| Gold grade (g/t)  | 3.55 | 4.53 |
| Gold production (ounces)  | **81596** | **91491** |
| Production costs per tonne (C$)  | 156 | 183 |
| Minesite costs per tonne (C$)  | 175 | 165 |
| Production costs per ounce  | $1079 | $947 |
| Total cash costs per ounce  | $1027 | $745 |

---

\*

The statistics above include operations at the LaRonde mine and LZ5.

#### Gold production
First Quarter of 2026 — Gold production at LaRonde decreased by 10.8% to 81,596 ounces in the first quarter of 2026 compared with 91,491 ounces in the first quarter of 2025, primarily due to lower gold grades from the mining sequence at the LaRonde mine, partially offset by higher throughput.

#### Production costs
First Quarter of 2026 — Production costs at LaRonde were $88.0 million in the first quarter of 2026 an increase of 1.6% compared with production costs of $86.6 million in the first quarter of 2025, primarily due to higher royalty, mining and milling costs, combined with the strengthening of the Canadian dollar relative to the US dollar between periods, partially offset by the timing of inventory sales.

Production costs per tonne decreased when compared to the prior-year period primarily due to the timing of inventory sales and the higher volume of ore milled, partially offset by the higher royalty, mining and milling costs. Production costs per ounce increased when compared to the prior-year period primarily due to the same reasons outlined above for higher production costs combined with fewer ounces of gold produced in the current period.

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026

#### Minesite cost per tonne and total cash costs per ounce
First Quarter of 2026 — Minesite costs per tonne increased when compared to the prior-year period primarily due to higher royalty, mining and milling costs, partially offset by higher volume of tonnes milled. Total cash costs per ounce increased when compared to the prior-year period for the same reasons as the increase in production costs per ounce.

#### Canadian Malartic

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| **Canadian Malartic — Operating Statistics**  | &nbsp;&nbsp;&nbsp;&nbsp; **2026**  | &nbsp;&nbsp;&nbsp;&nbsp; **2025**  |
| Tonnes of ore milled (thousands)  | 4707 | 4865 |
| Tonnes of ore milled per day  | 52300 | 54056 |
| Gold grade (g/t)  | 1.20 | 1.10 |
| Gold production (ounces)  | **166216** | **159773** |
| Production costs per tonne (C$)  | 38 | 35 |
| Minesite costs per tonne (C$)  | 50 | 44 |
| Production costs per ounce  | $782 | $747 |
| Total cash costs per ounce  | $998 | $927 |

---

#### Gold production
First Quarter of 2026 — At Canadian Malartic, gold production increased by 4.0% to 166,216 ounces in the first quarter of 2026 compared with 159,773 ounces in the first quarter of 2025, primarily driven by higher gold grades at the Barnat pit, partially offset by lower throughput.

#### Production costs
First Quarter of 2026 — Production costs at Canadian Malartic were $129.9 million in the first quarter of 2026, an increase of 8.9% compared with production costs of $119.3 million in the first quarter of 2025. The increase is mainly attributed to higher royalty, milling and underground mining costs combined with the timing of inventory sales and the strengthening of the Canadian dollar relative to the US dollar between periods, partially offset by lower open-pit mining costs.

Production costs per tonne increased when compared to the prior-year period primarily due to higher royalty, milling and underground mining costs combined with the lower volume of ore milled. Production costs per ounce increased when compared to the prior-year period due to the same reasons outlined above for production costs, partially offset by more ounces of gold being produced in the current period.

#### Minesite cost per tonne and total cash costs per ounce
First Quarter of 2026 — Minesite costs per tonne increased when compared to the prior-year for the same reasons outlined above for higher production costs per tonne. Total cash costs per ounce increased when compared to the prior-year period primarily due to the same reasons outlined above for production costs, partially offset by more ounces of gold produced in the current period.

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026

#### Goldex

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| **Goldex — Operating Statistics**  | &nbsp;&nbsp;&nbsp;&nbsp; **2026**  | &nbsp;&nbsp;&nbsp;&nbsp; **2025**  |
| Tonnes of ore milled (thousands)  | 813 | 792 |
| Tonnes of ore milled per day  | 9033 | 8800 |
| Gold grade (g/t)  | 1.35 | 1.41 |
| Gold production (ounces)  | **29372** | **30016** |
| Production costs per tonne (C$)  | 68 | 63 |
| Minesite costs per tonne (C$)  | 64 | 63 |
| Production costs per ounce  | $1362 | $1155 |
| Total cash costs per ounce  | $915 | $959 |

---

#### Gold production
First Quarter of 2026 — At Goldex, gold production decreased by 2.1% to 29,372 ounces in the first quarter of 2026, compared with 30,016 ounces in the first quarter of 2025, primarily due to lower gold grades from mining sequence and an increase in ore tonnes from the lower grade Akasaba West, partially offset by higher throughput.

#### Production costs
First Quarter of 2026 — Production costs at Goldex were $40.0 million in the first quarter of 2026, an increase of 15.4% compared with production costs of $34.7 million in the first quarter of 2025, primarily due to higher underground mining costs, timing of inventory sales, and the strengthening of the Canadian dollar relative to the US dollar between periods, partially offset by the build-up of stockpiles in the current quarter.

Production costs per tonne increased when compared to the prior-year period primarily due to higher underground mining costs and the timing of inventory sales, partially offset by higher volume of ore milled in the current period. Production costs per ounce increased when compared to the prior-year period due to the same reasons outlined above for production costs.

#### Minesite cost per tonne and total cash costs per ounce
First Quarter of 2026 — Minesite costs per tonne increased when compared to the prior-year period due to the same reasons outlined above for the higher production costs per tonne. Total cash costs per ounce decreased when compared to the prior-year period primarily due to a higher impact of by-product metals in the current period, from higher realized by-product prices, partially offset by the same reasons outlined above for higher production costs.

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026

#### Detour Lake

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| **Detour Lake — Operating Statistics**  | &nbsp;&nbsp;&nbsp;&nbsp; **2026**  | &nbsp;&nbsp;&nbsp;&nbsp; **2025**  |
| Tonnes of ore milled (thousands)  | 6748 | 6630 |
| Tonnes of ore milled per day  | 74978 | 73667 |
| Gold grade (g/t)  | 0.90 | 0.81 |
| Gold production (ounces)  | **177019** | **152838** |
| Production costs per tonne (C$)  | 34 | 29 |
| Minesite costs per tonne (C$)  | 36 | 31 |
| Production costs per ounce  | $951 | $883 |
| Total cash costs per ounce  | $974 | $946 |

---

#### Gold production
First Quarter of 2026 — At Detour Lake, gold production increased by 15.8% to 177,019 ounces in the first quarter of 2026 compared with 152,838 ounces in the first quarter of 2025, primarily due to higher gold grades from the mining sequence, combined with higher recovery rates and throughput.

#### Production costs
First Quarter of 2026 — Production costs at Detour Lake were $168.4 million in the first quarter of 2026, an increase of 24.8% compared with production costs of $134.9 million in the first quarter of 2025, primarily due to higher royalties and milling costs combined with the strengthening of the Canadian dollar relative to the US dollar between periods.

Production costs per tonne increased when compared to the prior-year period primarily due to higher royalties and milling costs, partially offset by the higher volume of ore milled in the current period. Production costs per ounce increased when compared to the prior-year period due to the same reasons outlined above for the higher production costs, partially offset by more ounces of gold produced in the current period.

#### Minesite cost per tonne and total cash costs per ounce
First Quarter of 2026 — Minesite costs per tonne increased when compared to the prior-year period due to the same reasons outlined above for the higher production costs per tonne. Total cash costs per ounce increased when compared to the prior-year period due to the same reasons as the higher production costs per ounce.

#### Macassa

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| **Macassa — Operating Statistics**  | &nbsp;&nbsp;&nbsp;&nbsp; **2026**  | &nbsp;&nbsp;&nbsp;&nbsp; **2025**  |
| Tonnes of ore milled (thousands)  | 149 | 148 |
| Tonnes of ore milled per day  | 1656 | 1644 |
| Gold grade (g/t)  | 11.92 | 18.50 |
| Gold production (ounces)  | **55593** | **86028** |
| Production costs per tonne (C$)  | 670 | 483 |
| Minesite costs per tonne (C$)  | 660 | 536 |
| Production costs per ounce  | $1303 | $579 |
| Total cash costs per ounce  | $1256 | $645 |

---

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026

#### Gold production
First Quarter of 2026 — Gold production decreased by 35.4% to 55,593 ounces in the first quarter of 2026 compared with 86,028 ounces in the first quarter of 2025, primarily due to lower gold grades from the mining sequence.

#### Production costs
First Quarter of 2026 — Production costs were $72.5 million in the first quarter of 2026, an increase of 45.4% compared with production costs of $49.8 million in the first quarter of 2025, primarily due to higher mining costs from increased ore tonnes mined, the timing of inventory sales, higher royalty costs and the strengthening of the Canadian dollar relative to the US dollar between periods.

Production costs per tonne increased when compared to the prior-year period, primarily due to higher mining and royalty costs. Production costs per ounce increased when compared to the prior-year period primarily due to the same reasons outlined above for higher production costs and fewer ounces produced.

#### Minesite cost per tonne and total cash costs per ounce
First Quarter of 2026 — Minesite costs per tonne increased when compared to the prior-year period due to the same reasons outlined for higher production costs per tonne above. Total cash costs per ounce increased when compared to the prior-year period due to the same reasons outlined above for higher production costs per ounce.

#### Meliadine

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| **Meliadine — Operating Statistics**  | &nbsp;&nbsp;&nbsp;&nbsp; **2026**  | &nbsp;&nbsp;&nbsp;&nbsp; **2025**  |
| Tonnes of ore milled (thousands)  | 558 | 558 |
| Tonnes of ore milled per day  | 6200 | 6200 |
| Gold grade (g/t)  | 5.48 | 5.67 |
| Gold production (ounces)  | **93831** | **98512** |
| Production costs per tonne (C$)  | 231 | 213 |
| Minesite costs per tonne (C$)  | 270 | 229 |
| Production costs per ounce  | $997 | $851 |
| Total cash costs per ounce  | $1162 | $920 |

---

#### Gold production
First Quarter of 2026 — At Meliadine, gold production decreased by 4.8% to 93,831 ounces in the first quarter of 2026 compared with 98,512 ounces in the first quarter of 2025, primarily due to lower gold grades from the mining sequence.

#### Production costs
First Quarter of 2026 — Production costs at Meliadine were $93.6 million in the first quarter of 2026, an increase of 11.6% compared with production costs of $83.8 million in the first quarter of 2025, primarily due the consumption of stockpiles, including associated re-handling costs in the current period, higher mining, milling and royalty costs combined with the strengthening of the Canadian dollar relative to the US dollar between periods, partially offset by the timing of inventory sales.

Production costs per tonne increased when compared to the prior-year period mainly due to the consumption of stockpile inventory during the current period combined with higher mining, milling and royalty costs,

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026
partially offset by the timing of inventory sales. Production costs per ounce increased when compared to the prior-year period due to the same reasons outlined above for the higher production costs and fewer ounces of gold produced in the current period.

#### Minesite cost per tonne and total cash costs per ounce
First Quarter of 2026 — Minesite costs per tonne increased when compared to the prior-year period mainly due to the consumption of stockpile inventory during the current period combined with higher mining, milling and royalty costs. Total cash costs per ounce increased when compared to the prior-year period due to the same reasons outlined above for higher production costs per ounce.

#### Meadowbank

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| **Meadowbank — Operating Statistics**  | &nbsp;&nbsp;&nbsp;&nbsp; **2026**  | &nbsp;&nbsp;&nbsp;&nbsp; **2025**  |
| Tonnes of ore milled (thousands)  | 1099 | 1037 |
| Tonnes of ore milled per day  | 12211 | 11522 |
| Gold grade (g/t)  | 3.56 | 4.63 |
| Gold production (ounces)  | **113862** | **140126** |
| Production costs per tonne (C$)  | 230 | 174 |
| Minesite costs per tonne (C$)  | 158 | 161 |
| Production costs per ounce  | $1613 | $906 |
| Total cash costs per ounce  | $1080 | $844 |

---

#### Gold production
First Quarter of 2026 — Gold production decreased by 18.7% to 113,862 ounces in the first quarter of 2026, compared with 140,126 ounces in the first quarter of 2025, primarily due to lower gold grades from the mining sequence, partially offset by higher throughput.

#### Production costs
First Quarter of 2026 — Production costs were $183.6 million in the first quarter of 2026, an increase of 44.6% compared with production costs of $127.0 million in the first quarter of 2025, primarily due to higher NTI Payment, the strengthening of the Canadian dollar relative to the US dollar between periods, and higher site services costs, partially offset by a stockpile build-up in the current period.

Production costs per tonne increased when compared to the prior-year period primarily due to higher NTI Payment and site services costs, partially offset by a stockpile build-up and higher volume of ore tonnes processed in the current period. Production costs per ounce increased when compared to the prior-year period for the same reasons outlined above for the higher production costs and fewer ounces produced.

#### Minesite cost per tonne and total cash costs per ounce
First Quarter of 2026 — Minesite costs per tonne decreased when compared to the prior-year period due to the stockpile build-up in the current period and higher volume of ore tonnes processed, partially offset by higher site services costs. Total cash costs per ounce increased when compared to the prior-year period primarily due to fewer ounces produced and higher site services costs, partially offset by the stockpile build-up in the current period.

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026

#### Fosterville

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| **Fosterville — Operating Statistics**  | &nbsp;&nbsp;&nbsp;&nbsp; **2026**  | &nbsp;&nbsp;&nbsp;&nbsp; **2025**  |
| Tonnes of ore milled (thousands)  | 216 | 163 |
| Tonnes of ore milled per day  | 2400 | 1811 |
| Gold grade (g/t)  | 6.31 | 8.63 |
| Gold production (ounces)  | **41443** | **43615** |
| Production costs per tonne (A$)  | 308 | 319 |
| Minesite costs per tonne (A$)  | 316 | 345 |
| Production costs per ounce  | $1098 | $758 |
| Total cash costs per ounce  | $1123 | $813 |

---

#### Gold production
First Quarter of 2026 — At Fosterville, gold production decreased by 5.0% to 41,443 ounces in the first quarter of 2026 compared with 43,615 ounces in the first quarter of 2025, primarily due to lower gold grades from the mining sequence, partially offset by higher throughput.

#### Production costs
First Quarter of 2026 — Production costs were $45.5 million in the first quarter of 2026, an increase of 37.7% compared with production costs of $33.0 million in the first quarter of 2025, primarily due to higher royalty and mining costs combined with the strengthening of the Australian dollar relative to the US dollar between periods.

Production costs per tonne decreased when compared to the prior-year period due to higher throughput, partially offset by higher royalty and mining costs. Production costs per ounce increased when compared to the prior-year period for the same reasons outlined above for higher production costs and fewer ounces of gold produced in the current period.

#### Minesite cost per tonne and total cash costs per ounce
First Quarter of 2026 — Minesite costs per tonne decreased when compared to the prior-year period due to the same reason as the lower production costs per tonne. Total cash costs per ounce increased when compared to the prior-year period due to the same reasons outlined above for higher production costs per ounce.

#### Kittila

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| **Kittila — Operating Statistics**  | &nbsp;&nbsp;&nbsp;&nbsp; **2026**  | &nbsp;&nbsp;&nbsp;&nbsp; **2025**  |
| Tonnes of ore milled (thousands)  | 448 | 522 |
| Tonnes of ore milled per day  | 4978 | 5800 |
| Gold grade (g/t)  | 4.19 | 3.88 |
| Gold production (ounces)  | **48527** | **54104** |
| Production costs per tonne (€)  | 129 | 102 |
| Minesite costs per tonne (€)  | 122 | 99 |
| Production costs per ounce  | $1401 | $1032 |
| Total cash costs per ounce  | $1313 | $1012 |

---

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026

#### Gold production
First Quarter of 2026 — At Kittila, gold production decreased by 10.3% to 48,527 ounces in the first quarter of 2026, compared with 54,104 ounces in the first quarter of 2025, primarily due to lower throughput, partially offset by higher gold from the mining sequence.

#### Production costs
First Quarter of 2026 — Production costs at Kittila were $68.0 million in the first quarter of 2026, an increase of 21.8% compared with production costs of $55.8 million in the first quarter of 2025 primarily due to higher royalty and mill maintenance costs, partially offset by a stockpile build-up in the current period and the strengthening of the Euro relative to the US dollar between periods.

Production costs per tonne increased when compared to the prior-year period due to higher royalty and mill maintenance costs combined with the lower volume of ore milled during the current period, partially offset by the stockpile build-up. Production costs per ounce increased when compared to the prior-year period due to the same reasons outlined above for higher production costs and fewer ounces produced.

#### Minesite cost per tonne and total cash costs per ounce
First Quarter of 2026 — Minesite costs per tonne increased when compared to the prior-year period due to the same reasons outlined above for higher production costs per tonne. Total cash costs per ounce increased when compared to the prior-year period due to the same reasons outlined above for higher production costs per ounce.

#### Pinos Altos

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| **Pinos Altos — Operating Statistics**  | &nbsp;&nbsp;&nbsp;&nbsp; **2026**  | &nbsp;&nbsp;&nbsp;&nbsp; **2025**  |
| Tonnes of ore milled (thousands)  | 427 | 381 |
| Tonnes of ore milled per day  | 4744 | 4233 |
| Gold grade (g/t)  | 1.36 | 1.48 |
| Gold production (ounces)  | **17650** | **17291** |
| Production costs per tonne  | $155 | $112 |
| Minesite costs per tonne  | $136 | $118 |
| Production costs per ounce  | $3746 | $2470 |
| Total cash costs per ounce  | $2311 | $2170 |

---

#### Gold production
First Quarter of 2026 — At Pinos Altos, gold production increased by 2.1% to 17,650 ounces in the first quarter of 2026, compared with 17,291 ounces in the first quarter of 2025, primarily due to higher throughput, partially offset by lower gold grades from the mining sequence.

#### Production costs
First Quarter of 2026 — Production costs at Pinos Altos were $66.1 million in the first quarter of 2026, an increase of 54.8% compared with production costs of $42.7 million in the first quarter of 2025, primarily due to the timing of inventory sales combined with higher underground mining and royalty costs and the strengthening of the Mexican Peso relative to the US dollar between periods.

Production costs per tonne increased when compared to the prior-year period due to higher underground mining and royalty costs, partially offset by the higher volume of ore milled in the current period. Production

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026
costs per ounce increased when compared to the prior-year period due to the same reasons outlined above for higher production costs.

#### Minesite cost per tonne and total cash costs per ounce
First Quarter of 2026 — Minesite costs per tonne increased when compared to the prior-year period due to the same reasons outlined above for higher production costs per tonne. Total cash costs per ounce increased when compared to the prior-year period due to the same reasons outlined above for higher production costs per ounce.

#### Balance Sheet Review

---

| | | |
|:---|:---|:---|
| **(thousands of United States dollars)**  | **As at March 31, 2026**  | **As at December 31, 2025**  |
| Current assets  | $5129274 | $4993942 |
| Non-current assets  | 30026427 | 29477349 |
| **Total assets**  | $**35155701** | $**34471291** |
| Current liabilities  | $1629322 | $2472206 |
| Non-current liabilities  | 7251233 | 7256621 |
| **Total liabilities**  | $**8880555** | $**9728827** |

---

Total assets of $35.2 billion as at March 31, 2026 increased by $0.7 billion, compared with total assets of $34.5 billion as at December 31, 2025. The increase in total assets is primarily due to an increase in investments, cash and cash equivalents and property, plant and mine development, partially offset by a decrease in inventories. The Company's total assets are primarily comprised of non-current assets such as property, plant and mine development and goodwill.

Total liabilities of $8.9 billion as at March 31, 2026 decreased by $0.8 billion compared with total liabilities of $9.7 billion as at December 31, 2025. This is primarily due to a decrease in income taxes payable between periods. The Company's total liabilities are primarily comprised of non-current liabilities such as deferred income and mining tax liabilities and reclamation provision.

While the Company occasionally enters into contracts to limit the risk associated with increased foreign currency costs (including where used for capital expenditures) and input costs, the contracts act as economic hedges of underlying exposures and are not held for speculative purposes. Agnico Eagle does not use complex derivative contracts to hedge exposures. As at March 31, 2026, the Company had outstanding currency derivative contracts related to $5,226.9 million of 2026, 2027 and 2028 expenditures (December 31, 2025 — $4,458.4 million) and diesel fuel derivative contracts related to 16.0 million gallons of heating oil (December 31, 2025 — 16.0 million).

#### Liquidity and Capital Resources
As at March 31, 2026, the Company's cash and cash equivalents totaled $3,111.9 million compared with $2,866.1 million as at December 31, 2025. The Company's policy is to invest excess cash in what the Company believes to be highly liquid investments of high credit quality to attempt to reduce risks associated with these investments. Investments with remaining maturities of less than three months at the time of purchase are classified as cash equivalents. The Company's decisions regarding the length of maturities it holds are based on anticipated cash flow requirements, rates of return and other factors.

Working capital (current assets less current liabilities) increased to $3,500.0 million as at March 31, 2026, compared with $2,521.7 million as at December 31, 2025, primarily due to a decrease in income taxes payable and an increase in cash and cash equivalents.

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026
Net cash<sup>3</sup> increased to $2,915.3 million as at March 31, 2026, compared with $2,669.8 million as at December 31, 2025, primarily due to an increase in cash and cash equivalents during the first quarter of 2026.

Subject to various risks and uncertainties, including those set out in this MD&A, in the Annual MD&A and in the Company's AIF, the Company believes it will generate sufficient cash flow from operations and has adequate cash and debt facilities available to finance its current operations, working capital requirements, contractual obligations, debt maturities, planned capital expenditures and exploration programs. While the Company believes its capital resources will be sufficient to satisfy all its mandatory and discretionary commitments, the Company may choose to decrease its discretionary expenditure commitments, which include certain capital expenditures and exploration and corporate development expenses, should unexpected financial circumstances arise in the future. See *"Risk Profile*" in this MD&A for further details.

#### Operating Activities
Cash provided by operating activities increased to $1,345.9 million in the first quarter of 2026 compared with $1,044.2 million in the first quarter of 2025, primarily due to higher operating margin, partially offset by less favourable working capital movements.

#### Investing Activities
Cash used in investing activities increased to $764.9 million, in the first quarter of 2026 compared with $649.9 million of cash used in the first quarter of 2025, primarily due to higher capital expenditures and increased purchases of equity securities in the current period, partially offset by the purchase of O3 Mining in the comparative period.

In the first quarter of 2026, the Company purchased $144.7 million in equity securities and other investments compared with $68.1 million in the first quarter of 2025. The Company's equity securities and other investments consist primarily of investments in common shares and share purchase warrants of entities in the mining industry.

#### Financing Activities
Cash used in financing activities increased to $334.7 million in the first quarter of 2026 compared with $183.0 million in the first quarter of 2025 primarily due to increases in share repurchases and dividends paid between periods.

The Company issued common shares for net proceeds of $43.6 million in the first quarter of 2026 compared to $61.8 million in the first quarter of 2025, attributable to employee stock option plan exercises, issuances under the incentive share purchase plan and the dividend reinvestment plan.

During the three months ended March 31, 2026, the Company repurchased 721,211 common shares for $149.8 million at an average price of $207.68 under the NCIB. During the three months ended March 31, 2025, the Company repurchased 488,047 common shares for $50.0 million at an average price of $102.44 under the NCIB. The Company intends to seek approval from the TSX to renew the NCIB for another year on substantially the same terms and intends to increase the limit of purchases under the NCIB to $2.0 billion of common shares.

On February 12, 2026, Agnico Eagle declared a quarterly cash dividend of $0.45 per common share paid on March 16, 2026 to holders of record of the common shares of the Company as of March 2, 2026. Agnico Eagle has declared a cash dividend every year since 1983. In the first quarter of 2026, the Company paid dividends of $203.2 million compared to $175.6 million paid in the first quarter of 2025. Although the

<sup>3</sup>

Net cash is a non-GAAP measure that is not a standardized financial measure under IFRS Accounting Standards. For reconciliation of this measure to the most directly comparable financial measure under IFRS Accounting Standards, and a discussion of its composition and usefulness, see *Non-GAAP Financial Performance Measures.*

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026
Company expects to continue paying dividends, future dividends will be at the discretion of the Board and will be subject to factors such as income, financial condition and capital requirements.

The Company did not utilize its Credit Facility during the first quarter of 2026 or the first quarter of 2025. Credit Facility availability is reduced by outstanding letters of credit, which were $23.9 million as at March 31, 2026, resulting in $1,976.1 million available for future drawdown.

The Company has six uncommitted letter of credit facilities with certain Canadian financial institutions (the "LC Facilities"). As at March 31, 2026, amounts available under these letter of credit facilities are as follows; C$400.0 million, C$320.0 million, C$200.0 million, C$200.0 million. $200.0 million and $150.0 million. As at March 31, 2026 the aggregate undrawn face amount of letters of credit under the LC Facilities was $798.1 million. As at March 31, 2026 the Company has indemnity agreements with three companies for the issuance of surety bonds of which $373.2 million of such surety bonds have been issued under these agreements.

The Company was in compliance with all covenants contained in the Credit Facility, the LC Facilities, and its senior notes as at March 31, 2026.

#### Risk Profile
The Company is subject to significant risks, including fluctuations in commodity prices, foreign exchange rates and other risks due to the inherent nature of the business of exploration, development and mining of properties with precious metals. Changes in economic conditions and volatile financial markets may have a significant impact on Agnico Eagle's cost and availability of financing and overall liquidity. The volatility in gold prices directly affects Agnico Eagle's revenues, earnings and cash flow. Volatile energy, commodity and consumables prices and currency exchange rates impact production costs. For a more comprehensive discussion of these and other risks, see "Risk Factors" in the AIF filed on the CSA's SEDAR+ website and with the SEC as part of the Form 40-F.

#### Disclosure Controls and Procedures and Internal Controls over Financial Reporting
The Company's management is responsible for establishing and maintaining adequate internal control over financial reporting ("ICFR") and disclosure controls and procedures ("DC&P").

ICFR is a framework designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with IFRS Accounting Standards. Management has used the *Internal Control — Integrated Framework* issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) in order to assess the effectiveness of the Company's ICFR.

DC&P form a broader framework designed to provide reasonable assurance that information required to be disclosed by the Company in its annual and interim filings and other reports filed under securities legislation is recorded, processed, summarized and reported within the time frame specified in securities legislation and includes controls and procedures designed to ensure that information required to be disclosed by the Company in its annual and interim filings and other reports submitted under securities legislation is accumulated and communicated to the Company's management to allow timely decisions regarding required disclosure.

Together, the ICFR and DC&P frameworks provide internal control over financial reporting and disclosure. The Company maintains disclosure controls and procedures that are designed to provide reasonable assurance that information which is required to be disclosed in the Company's annual and interim filings and other reports filed under securities legislation is accumulated and communicated in a timely fashion. Due to their inherent limitations, the Company acknowledges that, no matter how well designed, ICFR and DC&P can provide only reasonable assurance of achieving the desired control objectives and as such may not prevent or detect all misstatements. Further, the effectiveness of ICFR is subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with policies or procedures may change.

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026
There have been no significant changes in the Company's internal controls during the three months ended March 31, 2026 that have materially affected, or are reasonably likely to materially affect, internal control over financial reporting.

#### Non-GAAP Financial Performance Measures
This MD&A discloses certain financial performance measures, including adjusted net income, adjusted net income per share, EBITDA, adjusted EBITDA, free cash flow, free cash flow before changes in working capital, net cash, total cash costs per ounce (on both a by-product and co-product basis), minesite costs per tonne, all-in sustaining costs per ounce (on both a by-product and co-product basis), operating margin, sustaining capital expenditures, development capital expenditures, sustaining capitalized exploration, development capitalized exploration, that are not recognized measures under IFRS Accounting Standards. These measures may not be comparable to similar measures reported by other gold producers. Non-GAAP financial performance measures should be considered together with other data prepared in accordance with IFRS Accounting Standards. Adjustments that are non-applicable in respect of the periods for which reconciliations are provided are not shown in the quantitative reconciliation.

#### 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 First Quarter Financial Statements 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 non-recurring, unusual and other items such as foreign currency translation gains or losses, realized and unrealized gains or losses on derivative financial instruments, severance, transaction costs related to acquisitions, revaluation gains and losses, environmental remediation charges, 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, self insurance losses, gains and losses on the sale of non-strategic properties, multi-year donations, disposal of supplies inventory at non-operating sites, 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.

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026
The following table sets out the calculation of adjusted net income and adjusted net income per share for the three months ended March 31, 2026 and March 31, 2025.

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| **(thousands of United States dollars)**  | &nbsp;&nbsp;&nbsp;&nbsp; **2026**  | &nbsp;&nbsp;&nbsp;&nbsp; **2025**  |
| **Net income for the period**  | $1695461 | $814731 |
| &nbsp;&nbsp;&nbsp; Foreign currency translation gain  | (733) | (60) |
| &nbsp;&nbsp;&nbsp; Gain on derivative financial instruments  | (4700) | (68859) |
| &nbsp;&nbsp;&nbsp; Environmental remediation  | 13970 | 7730 |
| &nbsp;&nbsp;&nbsp; Net loss on disposal of property, plant and equipment  | 10239 | 5646 |
| &nbsp;&nbsp;&nbsp; Purchase price allocation to inventory<sup>(i)</sup>  | (3641) | 1068 |
| &nbsp;&nbsp;&nbsp; Impairment loss<sup>(ii)</sup>  |  | 10554 |
| &nbsp;&nbsp;&nbsp; Income and mining taxes adjustments<sup>(iii)</sup>  | (4840) | (703) |
| **Adjusted net income for the period**  | $1705756 | $770107 |
| Net income per share — basic  | $3.39 | $1.62 |
| Net income per share — diluted  | $3.38 | $1.62 |
| Adjusted net income per share — basic  | $3.41 | $1.53 |
| Adjusted net income per share — diluted  | $3.40 | $1.53 |

---

Notes:

(i) As part of the purchase price allocation in a business combination, the Company is required to determine the fair value of net assets acquired. The fair value of inventory acquired is estimated based on the selling cost less costs to be incurred plus a profit margin on those costs resulting in a fair value adjustment to the carrying value of inventories acquired. These non-cash fair value adjustments which affected the cost of inventory sold during the period and are not representative of ongoing operations, were removed from net income in the calculation of adjusted net income.

(ii) Relates to the Company's ownership percentage of an impairment loss recorded by an associate.

(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 First Quarter Financial Statements.

Adjusted EBITDA removes the effects of 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 certain non-recurring, unusual and other items such as foreign currency translation gains or losses, realized and unrealized gains or losses on derivative financial instruments, severance, non-recurring, unusual and other 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, self insurance losses, gains and losses on the sale of non-strategic properties, multi-year donations, and disposal of supplies inventory at non-operating sites.

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

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026
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 the calculation of EBITDA and Adjusted EBITDA for the three months ended March 31, 2026 and March 31, 2025.

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| **(thousands of United States dollars)**  | &nbsp;&nbsp;&nbsp;&nbsp; **2026**  | &nbsp;&nbsp;&nbsp;&nbsp; **2025**  |
| **Net income for the period**  | $1695461 | $814731 |
| &nbsp;&nbsp;&nbsp; Finance costs  | 15756 | 22444 |
| &nbsp;&nbsp;&nbsp; Amortization of property, plant and mine development  | 420266 | 416800 |
| &nbsp;&nbsp;&nbsp; Income and mining tax expense  | 864163 | 379840 |
| **EBITDA**  | 2995646 | 1633815 |
| &nbsp;&nbsp;&nbsp; Foreign currency translation gain  | (733) | (60) |
| &nbsp;&nbsp;&nbsp; Gain on derivative financial instruments  | (4700) | (68859) |
| &nbsp;&nbsp;&nbsp; Environmental remediation  | 13970 | 7730 |
| &nbsp;&nbsp;&nbsp; Net loss on disposal of property, plant and equipment  | 10239 | 5646 |
| &nbsp;&nbsp;&nbsp; Purchase price allocation to inventory<sup>(i)</sup>  | (3641) | 1068 |
| &nbsp;&nbsp;&nbsp; Impairment loss<sup>(ii)</sup>  |  | 10554 |
| **Adjusted EBITDA**  | $3010781 | $1589894 |

---

Notes:

(i) As part of the purchase price allocation in a business combination, the Company is required to determine the fair value of net assets acquired. The fair value of inventory acquired is estimated based on the selling cost less costs to be incurred plus a profit margin on those costs resulting in a fair value adjustment to the carrying value of inventories acquired. These non-cash fair value adjustments which affected the cost of inventory sold during the period and are not representative of ongoing operations, were removed from net income in the calculation of adjusted net income.

(ii) Relates to the Company's ownership percentage of an impairment loss recorded by an associate.

#### 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 First Quarter Financial Statements.

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 and accounts payable and accrued liabilities.

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.

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026
The following table sets out the calculation of free cash flow and free cash flow before changes in non-cash components of working capital for the three months ended March 31, 2026 and March 31, 2025.

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| **(thousands of United States dollars)**  | &nbsp;&nbsp;&nbsp;&nbsp; **2026**  | &nbsp;&nbsp;&nbsp;&nbsp; **2025**  |
| **Cash provided by operating activities**  | $1345868 | $1044246 |
| &nbsp;&nbsp;&nbsp; Additions to property, plant and mine development  | (613749) | (450124) |
| **Free cash flow**  | 732119 | 594122 |
| &nbsp;&nbsp;&nbsp; Changes in income taxes  | 989080 | 176739 |
| &nbsp;&nbsp;&nbsp; Changes in inventory  | (36800) | (30917) |
| &nbsp;&nbsp;&nbsp; Changes in other current assets  | 11014 | (31390) |
| &nbsp;&nbsp;&nbsp; Changes in accounts payable and accrued liabilities  | (77800) | 50712 |
| **Free cash flow before changes in non-cash components of working capital**  | $1617613 | $759266 |

---

#### Net Cash
Net cash is calculated by adjusting the total of the current portion of long-term debt and non-current long-term debt as recorded on the First Quarter Financial Statements for deferred financing costs and cash and cash equivalents. Management believes the measure of net cash is useful to help investors determine the Company's overall cash position and to evaluate the future debt capacity of the Company.

The following table sets out a reconciliation of long-term debt per the First Quarter Financial Statements to net cash as at March 31, 2026 and December 31, 2025.

---

| | | |
|:---|:---|:---|
| | **As at <br> March 31, 2026**  | **As at <br> December 31, 2025**  |
| **<u>(thousands of United States dollars)</u>** |  |  |
| Long-term debt  | $(196548) | $(196271) |
| Cash and cash equivalents  | 3111869 | 2866053 |
| **Net cash**  | $2915321 | $2669782 |

---

#### Total Cash Costs per Ounce
Total cash costs per ounce is calculated on a per ounce of gold produced basis and is reported either on a by-product basis (deducting the impact of by-product metals from production costs to isolate the cost of producing an ounce of gold) and, where indicated, on a co-product basis (without deducting the impact of by-product metals). Total cash costs per ounce on a by-product basis are calculated by adjusting production costs as recorded in the First Quarter Financial Statements for (i) the impact of by-products, (ii) inventory production costs, (iii) the impact of purchase price allocation in connection with mergers and acquisitions on inventory accounting, (iv) realized gains and losses on hedges of production costs, (v) in-kind royalty costs, and (vi) smelting, refining and marketing charges and then dividing by the number of ounces of gold produced. For periods commencing on or after January 1, 2026, the Company also adjusts production costs for the NTI Payment (as discussed further below), which adjustment only affects this non-GAAP measure only insofar as the measure includes costs from Meadowbank (that is, for Meadowbank, the Nunavut region and the consolidated Company). The Company's calculation of total cash costs per ounce for other mines and regions that do not include Meadowbank are not affected by this change.

The NTI Payment is the payment to Nunavut Tunngavik Inc. ("NTI") under the Company's mineral production lease in respect of the Amaruq mine at Meadowbank, which is a royalty based on net profits, subject to a minimum profit margin ("NTI Payment"). NTI is the body that represents the Inuit of Nunavut under the Nunavut Land Claims Agreement and holds the subsurface mineral rights on certain parcels of Inuit owned land, including at the Amaruq mine. The royalty payments under the mining leases with NTI are

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026
based on net profits at the mine, subject to a cap on allowable costs as a percentage of gross revenue. At mines located on lands in Nunavut where the subsurface mineral rights are not held by NTI (whether or not on Inuit owned lands), the Crown holds the subsurface mineral rights and imposes a net profits royalty (the "Crown royalty") under the Nunavut Mining Regulations (the "NMR"). The Company does not include the Crown royalty in its calculations of total cash costs per ounce and certain other of its non-GAAP measures as the Company classifies these costs as an income tax for financial statement purposes in accordance with IFRS Accounting Standards and income taxes are generally excluded from the calculation of such non-GAAP measures. The Crown royalty is not applicable where NTI is the holder of the subsurface mineral rights. Where NTI is holder of the subsurface mineral rights, the Company instead is required to make the payment under the mining leases with NTI, which the Company views as having similar characteristics to the payments under the Crown royalty. Accordingly, to ensure comparability across the Company's mines in Nunavut, the Company revised its calculation of such non-GAAP measures to also adjust for the NTI Payment where applicable. In this MD&A, total cash costs per ounce for periods that commenced prior to January 1, 2026 have been calculated using this revised methodology.

Investors should note that total cash costs per ounce are not reflective of all cash expenditures, as they do not include income tax payments, interest costs or dividend payments. Total cash costs per ounce on a co-product basis is calculated in the same manner as the total cash costs per ounce on a by-product basis, except that the impact of by-product metals is not deducted. 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 of by-product metals.

Total cash costs per ounce is intended to provide investors information about the cash-generating capabilities of the Company's mining operations. Management also uses these measures to, and believes they are helpful to investors so investors can, understand and monitor the performance of the Company's mining operations. The Company believes that total cash costs per ounce is useful to help investors understand the costs associated with producing gold and the economics of gold mining. As market prices for gold are quoted on a per ounce basis, using the total cash costs per ounce on a by-product basis measure allows management and investors to assess a mine's cash-generating capabilities at various gold prices. Management is aware, and investors should note, that these per ounce measures of performance can be affected by fluctuations in exchange rates and, in the case of total cash costs per ounce of gold produced 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) gold is the Company's primary product and source of substantially all its revenues, (ii) the Company mines ore, which may contain gold, silver, zinc, copper and other metals, and the company believes that isolating the cost of producing gold is a more meaningful measure of operating performance, (iii) it is a method used by management and the Board to monitor operations, and (iv) many other gold producers disclose similar measures on a by-product rather than a co-product basis.

#### Minesite Costs per Tonne
Minesite costs per tonne are calculated by adjusting production costs as recorded in the First Quarter Financial Statements for (i) inventory production costs, (ii) in-kind royalty costs, and (iii) smelting, refining and marketing charges, and then dividing by tonnage of ore processed. For periods commencing on or after January 1, 2026, the Company also adjusts production costs for the NTI Payment (as discussed above in

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026
"*Total Cash Costs per Ounce*"), which adjustment only affects minesite costs per tonne at Meadowbank and for the Nunavut region. The Company's calculation of minesite costs per tonne for other mines and regions other than the Nunavut region are not affected by this change. In this MD&A, minesite costs for periods that commenced prior to January 1, 2026 have been calculated using this revised methodology.

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. For the reasons noted above in respect of revisions to the composition of total cash costs per ounce, for the purposes of calculating this non-GAAP measure, the Company now adjusts production costs for the amount of the NTI Payment. The Company believes that this revision is helpful to both management and investors as it better reflects the cost performance at the Amaruq mine at Meadowbank and makes the reported measure more comparable across all of the Company's mines. 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 months ended March 31, 2026 and March 31, 2025, as presented in the First Quarter Financial Statements in accordance with IFRS Accounting Standards.

#### Total Production Costs by Mine

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| **(thousands of United States dollars)**  | &nbsp;&nbsp;&nbsp;&nbsp; **2026**  | &nbsp;&nbsp;&nbsp;&nbsp; **2025**  |
| &nbsp;&nbsp;&nbsp; LaRonde  | 88008 | 86644 |
| &nbsp;&nbsp;&nbsp; Canadian Malartic  | 129946 | 119289 |
| &nbsp;&nbsp;&nbsp; Goldex  | 39999 | 34656 |
| **Quebec** | **257953** | **240589** |
| &nbsp;&nbsp;&nbsp; Detour Lake  | 168379 | 134946 |
| &nbsp;&nbsp;&nbsp; Macassa  | 72465 | 49826 |
| **Ontario** | **240844** | **184772** |
| &nbsp;&nbsp;&nbsp; Meliadine  | 93559 | 83822 |
| &nbsp;&nbsp;&nbsp; Meadowbank  | 183615 | 126967 |
| **Nunavut** | **277174** | **210789** |
| &nbsp;&nbsp;&nbsp; Fosterville  | 45493 | 33040 |
| **Australia** | **45493** | **33040** |
| &nbsp;&nbsp;&nbsp; Kittila  | 68009 | 55833 |
| **Finland** | **68009** | **55833** |
| &nbsp;&nbsp;&nbsp; Pinos Altos  | 66114 | 42710 |
| **Mexico** | **66114** | **42710** |
| **Production costs per the First Quarter Financial Statements**  | $**955587** | $**767733** |

---

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026
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 months ended March 31, 2026 and March 31, 2025, exclusive of amortization, as presented in the First Quarter Financial Statements in accordance with IFRS Accounting Standards.

#### Reconciliation of Production Costs to Total Cash Costs per Ounce by Mine

#### Three Months Ended March 31, 2026 (thousands of United States dollars, except as noted)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Mine**  | **Payable <br> gold <br> production <br> (ounces)<sup>(i)</sup>**  | **Production <br> costs <br> ($)**  | **Production <br> costs per <br> ounce <br> ($)**  | **Inventory <br> adjustments <br> ($)<sup>(ii)</sup>**  | **Realized <br> (gains) and <br> losses on <br> hedges <br> ($)**  | **In-kind <br> royalty <br> and NTI <br> Payment <br> ($)<sup>(iii)</sup>**  | **Smelting, <br> refining <br> and <br> marketing <br> charges <br> ($)**  | **Total cash <br> costs per <br> ounce <br> (co-product <br> basis) <br> ($)**  | **Impact of <br> by-product <br> metals <br> ($)**  | **Total cash <br> costs per <br> ounce <br> (by-product <br> basis) <br> ($)**  |
| &nbsp;&nbsp;&nbsp; LaRonde  | 81596 | 88008 | 1079 | 17164 | (323) |  | 3271 | **1325** | (24299) | **1027** |
| &nbsp;&nbsp;&nbsp; Canadian Malartic  | 166216 | 129946 | 782 | 4777 | (705) | 37309 | 945 | **1036** | (6462) | **998** |
| &nbsp;&nbsp;&nbsp; Goldex  | 29372 | 39999 | 1362 | (1852) | (119) |  | 1052 | **1331** | (12217) | **915** |
| **Quebec** | **277184** | **257953** | **931** | **20089** | **(1147)** | **37309** | **5268** | **1153** | **(42978)** | **998** |
| &nbsp;&nbsp;&nbsp; Detour Lake  | 177019 | 168379 | 951 | (9663) | (1032) | 17369 | 921 | **994** | (3531) | **974** |
| &nbsp;&nbsp;&nbsp; Macassa  | 55593 | 72465 | 1303 | (7071) | (303) | 5929 | 59 | **1279** | (1264) | **1256** |
| **Ontario** | **232612** | **240844** | **1035** | **(16734)** | **(1335)** | **23298** | **980** | **1062** | **(4795)** | **1041** |
| &nbsp;&nbsp;&nbsp; Meliadine  | 93831 | 93559 | 997 | 16333 | (370) |  | 136 | **1169** | (631) | **1162** |
| &nbsp;&nbsp;&nbsp; Meadowbank  | 113862 | 183615 | 1613 | (6070) | (460) | (51283) | 160 | **1106** | (3022) | **1080** |
| **Nunavut** | **207693** | **277174** | **1335** | **10263** | **(830)** | **(51283)** | **296** | **1134** | **(3653)** | **1117** |
| &nbsp;&nbsp;&nbsp; Fosterville  | 41443 | 45493 | 1098 | 1781 | (814) |  | 68 | **1123** |  | **1123** |
| **Australia** | **41443** | **45493** | **1098** | **1781** | **(814)** | **—** | **68** | **1123** | **—** | **1123** |
| &nbsp;&nbsp;&nbsp; Kittila  | 48527 | 68009 | 1401 | (4052) | (11) |  | (27) | **1317** | (187) | **1313** |
| **Finland** | **48527** | **68009** | **1401** | **(4052)** | **(11)** | **—** | **(27)** | **1317** | **(187)** | **1313** |
| &nbsp;&nbsp;&nbsp; Pinos Altos  | 17650 | 66114 | 3746 | (7244) | (876) |  | 1100 | **3348** | (18313) | **2311** |
| **Mexico** | **17650** | **66114** | **3746** | **(7244)** | **(876)** | **—** | **1100** | **3348** | **(18313)** | **2311** |
| **Consolidated** | **825109** | **955587** | **1158** | **4103** | **(5013)** | **9324** | **7685** | **1178** | **(69926)** | **1093** |

---

Notes:

(i) Gold production for the period ended March 31, 2026 excludes 418 ounces of payable production of gold at La India and 76 ounces of payable production of gold at Creston Mascota, which were produced from residual leaching.

(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 March 31, 2026 is $3.6 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) In-kind royalty adjustments in respect of Canadian Malartic, Detour Lake and Macassa related to in-kind royalties of 5.0%, 2.0% and 1.5%, respectively, paid in respect of gold production at such mines, which are excluded from production costs under IFRS Accounting Standards and added back in the calculation of total cash costs per ounce. NTI Payments are incurred solely at Meadowbank and are included in production costs under IFRS Accounting Standards and subtracted from production costs in the calculation of total cash costs per ounce as described more fully above. For a discussion of NTI Payments, see "*Total Cash Costs per Ounce*".

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026

#### Three Months Ended March 31, 2025 (thousands of United States dollars, except as noted)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Mine**  | **Payable <br> gold <br> production <br> (ounces)<sup>(i)</sup>**  | **Production <br> costs <br> ($)**  | **Production <br> costs per <br> ounce <br> ($)**  | **Inventory <br> adjustments <br> ($)<sup>(ii)</sup>**  | **Realized <br> (gains) and <br> losses on <br> hedges <br> ($)**  | **In-kind <br> royalty <br> and NTI <br> Payment <br> ($)<sup>(iii)</sup>**  | **Smelting, <br> refining <br> and <br> marketing <br> charges <br> ($)**  | **Total cash <br> costs per <br> ounce <br> (co-product <br> basis) <br> ($)**  | **Impact of <br> by-product <br> metals <br> ($)**  | **Total cash <br> costs per <br> ounce <br> (by-product <br> basis) <br> ($)**  |
| &nbsp;&nbsp;&nbsp; LaRonde  | 91491 | 86644 | 947 | (4748) | 713 |  | 2779 | **933** | (17222) | **745** |
| &nbsp;&nbsp;&nbsp; Canadian Malartic  | 159773 | 119289 | 747 | 5395 | 1136 | 24588 | 270 | **943** | (2589) | **927** |
| &nbsp;&nbsp;&nbsp; Goldex  | 30016 | 34656 | 1155 | 108 | 301 |  | 967 | **1200** | (7249) | **959** |
| **Quebec** | **281280** | **240589** | **855** | **755** | **2150** | **24588** | **4016** | **967** | **(27060)** | **871** |
| &nbsp;&nbsp;&nbsp; Detour Lake  | 152838 | 134946 | 883 | (364) | 878 | 8700 | 1303 | **952** | (888) | **946** |
| &nbsp;&nbsp;&nbsp; Macassa  | 86028 | 49826 | 579 | 1864 | 719 | 3534 | 87 | **651** | (501) | **645** |
| **Ontario** | **238866** | **184772** | **774** | **1500** | **1597** | **12234** | **1390** | **844** | **(1389)** | **838** |
| &nbsp;&nbsp;&nbsp; Meliadine  | 98512 | 83822 | 851 | 5859 | 892 |  | 84 | **920** |  | **920** |
| &nbsp;&nbsp;&nbsp; Meadowbank  | 140126 | 126967 | 906 | (1663) | 1158 | (7418) | 35 | **850** | (750) | **844** |
| **Nunavut** | **238638** | **210789** | **883** | **4196** | **2050** | **(7418)** | **119** | **879** | **(750)** | **876** |
| &nbsp;&nbsp;&nbsp; Fosterville  | 43615 | 33040 | 758 | 2520 |  |  | 16 | **816** | (114) | **813** |
| **Australia** | **43615** | **33040** | **758** | **2520** | **—** | **—** | **16** | **816** | **(114)** | **813** |
| &nbsp;&nbsp;&nbsp; Kittila  | 54104 | 55833 | 1032 | (1106) | 174 |  | (56) | **1014** | (113) | **1012** |
| **Finland** | **54104** | **55833** | **1032** | **(1106)** | **174** | **—** | **(56)** | **1014** | **(113)** | **1012** |
| &nbsp;&nbsp;&nbsp; Pinos Altos  | 17291 | 42710 | 2470 | 2200 | 114 |  | 259 | **2619** | (7762) | **2170** |
| **Mexico** | **17291** | **42710** | **2470** | **2200** | **114** | **—** | **259** | **2619** | **(7762)** | **2170** |
| **Consolidated** | **873794** | **767733** | **879** | **10065** | **6085** | **29404** | **5744** | **938** | **(37188)** | **895** |

---

Notes:

(i) Gold production for the three months ended March 31, 2025 excludes 1,811 ounces of payable production of gold at La India and 25 ounces of payable production of gold at Creston Mascota, which were produced from residual leaching.

(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 March 31, 2025 is $1.1 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.

(iii) In-kind royalty adjustments in respect of Canadian Malartic, Detour Lake and Macassa related to in-kind royalties of 5.0%, 2.0% and 1.5%, respectively, paid in respect of gold production at such mines, which are excluded from production costs under IFRS Accounting Standards and added back in the calculation of total cash costs per ounce. NTI Payments are incurred solely at Meadowbank and are included in production costs under IFRS Accounting Standards and subtracted from production costs in the calculation of total cash costs per ounce as described more fully above. For a discussion of NTI Payments, see "*Total Cash Costs per Ounce*".

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026

#### Reconciliation of Production Costs to Minesite Costs per Tonne by Mine

#### Three Months Ended March 31, 2026 (thousands of United States dollars, except as noted)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Mine**  | **Tonnes of <br> ore milled <br> (thousands)**  | **Production <br> costs <br> ($)**  | **Production <br> costs in <br> local <br> currency**  | **Local <br> currency <br> production <br> costs per <br> tonne**  | **Inventory <br> adjustments <br> in local <br> currency<sup>(i)</sup>**  | **In-kind <br> royalty <br> and NTI <br> Payment <br> in local <br> currency<sup>(ii)</sup>**  | **Smelting, <br> refining and <br> marketing <br> charges <br> in local <br> currency**  | **Local <br> currency <br> minesite <br> costs per <br> tonne**  |
| &nbsp;&nbsp;&nbsp; LaRonde  | 776 | 88008 | 121027 | 156 | 23633 |  | (9224) | **175** |
| &nbsp;&nbsp;&nbsp; Canadian Malartic  | 4707 | 129946 | 178822 | 38 | 1444 | 51224 | 4986 | **50** |
| &nbsp;&nbsp;&nbsp; Goldex  | 813 | 39999 | 55053 | 68 | (2653) |  |  | **64** |
| **Quebec** | **6296** | **257953** | **354902** | **56** | **22424** | **51224** | **(4238)** | **67** |
| &nbsp;&nbsp;&nbsp; Detour Lake  | 6748 | 168379 | 231062 | 34 | (13326) | 23834 |  | **36** |
| &nbsp;&nbsp;&nbsp; Macassa  | 149 | 72465 | 99773 | 670 | (9684) | 8208 |  | **660** |
| **Ontario** | **6897** | **240844** | **330835** | **48** | **(23010)** | **32042** | **—** | **49** |
| &nbsp;&nbsp;&nbsp; Meliadine  | 558 | 93559 | 128710 | 231 | 22173 |  |  | **270** |
| &nbsp;&nbsp;&nbsp; Meadowbank  | 1099 | 183615 | 252761 | 230 | (8366) | (70816) |  | **158** |
| **Nunavut** | **1657** | **277174** | **381471** | **230** | **13807** | **(70816)** | **—** | **196** |
| &nbsp;&nbsp;&nbsp; Fosterville  | 216 | 45493 | 66470 | 308 | 1871 |  |  | **316** |
| **Australia** | **216** | **45493** | **66470** | **308** | **1871** | **—** | **—** | **316** |
| &nbsp;&nbsp;&nbsp; Kittila  | 448 | 68009 | 57890 | 129 | (3365) |  |  | **122** |
| **Finland** | **448** | **68009** | **57890** | **129** | **(3365)** | **—** | **—** | **122** |
| &nbsp;&nbsp;&nbsp; Pinos Altos  | 427 | 66114 | $66114 | $155 | $(8119) | $— | $— | $**136** |
| **Mexico** | **427** | **66114** | $**66114** | $**155** | $**(8119)** | $**—** | $**—** | $**136** |

---

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 March 31, 2026 is C$5.0 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) In-kind royalty adjustments in respect of Canadian Malartic, Detour Lake and Macassa related to in-kind royalties of 5.0%, 2.0% and 1.5%, respectively, paid in respect of gold production at such mines, which are excluded from production costs under IFRS Accounting Standards and added back in the calculation of minesite costs per tonne. NTI Payments are incurred solely at Meadowbank and are included in production costs under IFRS Accounting Standards and subtracted from production costs in the calculation of total cash costs per ounce as described more fully above. For a discussion of NTI Payments, see "*Minesite Costs per Tonne*".

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026

#### Three Months Ended March 31, 2025 (thousands of United States dollars, except as noted)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Mine**  | **Tonnes of <br> ore milled <br> (thousands)**  | **Production <br> costs <br> ($)**  | **Production <br> costs in <br> local <br> currency**  | **Local <br> currency <br> production <br> costs per <br> tonne**  | **Inventory <br> adjustments <br> in local <br> currency<sup>(i)</sup>**  | **In-kind <br> royalty <br> and NTI <br> Payment <br> in local <br> currency<sup>(ii)</sup>**  | **Smelting, <br> refining and <br> marketing <br> charges <br> in local <br> currency**  | **Local <br> currency <br> minesite <br> costs per <br> tonne**  |
| &nbsp;&nbsp;&nbsp; LaRonde  | 675 | 86644 | 123759 | 183 | (6151) |  | (6147) | **165** |
| &nbsp;&nbsp;&nbsp; Canadian Malartic  | 4865 | 119289 | 169263 | 35 | 7950 | 35400 |  | **44** |
| &nbsp;&nbsp;&nbsp; Goldex  | 792 | 34656 | 49499 | 63 | 331 |  |  | **63** |
| **Quebec** | **6332** | **240589** | **342521** | **54** | **2130** | **35400** | **(6147)** | **59** |
| &nbsp;&nbsp;&nbsp; Detour Lake  | 6630 | 134946 | 191633 | 29 | 13 | 12555 |  | **31** |
| &nbsp;&nbsp;&nbsp; Macassa  | 148 | 49826 | 71459 | 483 | 2692 | 5108 |  | **536** |
| **Ontario** | **6778** | **184772** | **263092** | **39** | **2705** | **17663** | **—** | **42** |
| &nbsp;&nbsp;&nbsp; Meliadine  | 558 | 83822 | 118780 | 213 | 8727 |  |  | **229** |
| &nbsp;&nbsp;&nbsp; Meadowbank  | 1037 | 126967 | 179936 | 174 | (2425) | (10697) |  | **161** |
| **Nunavut** | **1595** | **210789** | **298716** | **187** | **6302** | **(10697)** | **—** | **185** |
| &nbsp;&nbsp;&nbsp; Fosterville  | 163 | 33040 | 51973 | 319 | 4181 |  |  | **345** |
| **Australia** | **163** | **33040** | **51973** | **319** | **4181** | **—** | **—** | **345** |
| &nbsp;&nbsp;&nbsp; Kittila  | 522 | 55833 | 53143 | 102 | (1362) |  |  | **99** |
| **Finland** | **522** | **55833** | **53143** | **102** | **(1362)** | **—** | **—** | **99** |
| &nbsp;&nbsp;&nbsp; Pinos Altos  | 381 | 42710 | $42710 | $112 | $2314 | $— | $— | $**118** |
| **Mexico** | **381** | **42710** | $**42710** | $**112** | $**2314** | $**—** | $**—** | $**118** |

---

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 March 31, 2025 is C$1.5 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) In-kind royalty adjustments in respect of Canadian Malartic, Detour Lake and Macassa related to in-kind royalties of 5.0%, 2.0% and 1.5%, respectively, paid in respect of gold production at such mines, which are excluded from production costs under IFRS Accounting Standards and added back in the calculation of minesite costs per tonne. NTI Payments are incurred solely at Meadowbank and are included in production costs under IFRS Accounting Standards and subtracted from production costs in the calculation of total cash costs per ounce as described more fully above. For a discussion of NTI Payments, see "*Minesite Costs per Tonne*".

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026

#### 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 (i) total cash costs on a by-product basis, (ii) sustaining capital expenditures (including capitalized exploration), (iii) general and administrative expenses (including stock option expense), (iv) lease payments related to sustaining assets and (v) reclamation expenses, each as measured on a per ounce of production basis. These additional costs reflect the additional expenditures that are required to be made to maintain current production levels. AISC per ounce on a co-product basis is calculated in the same manner as AISC per ounce on a by-product basis, except that the total cash costs on a co-product basis are used, meaning the impact of by-product metals is not deducted. 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. In this MD&A, unless otherwise indicated, all-in sustaining costs per ounce is reported on a by-product basis (see "*Total Cash Costs per Ounce*" for a discussion of regarding the Company's use of by-product basis reporting). For periods commencing on or after January 1, 2026, the Company revised the composition of certain of its non-GAAP performance measures, including "all-in sustaining costs per ounce", to adjust for the NTI Payments, that is, payments made to NTI under the Company's mineral production leases in respect of the Amaruq mine at Meadowbank. This revised composition aligns with changes made to the calculation of "total cash costs per ounce", discussed above in "*Total Cash Costs per Ounce*". For the reasons outlined above in respect of the change to the composition of "total cash costs per ounce", the Company believes that this revision to the composition of AISC per ounce is helpful to both management and investors as it better reflects the cost performance at the Amaruq mine at Meadowbank and conforms the calculations of costs used across all of the Company's mines.

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, except in respect of its treatment of the NTI Payment at Meadowbank. As discussed above, the Company views the NTI Payments as having similar characteristics to the payments under the Crown royalty, which is treated as income tax under IFRS Accounting Standards and therefore excluded from the Company's AISC calculations. The WGC is a non-regulatory market development organization for the gold industry that has worked closely with its member companies to develop guidance in respect of relevant non-GAAP measures. Notwithstanding the Company's adoption of the WGC's guidance, AISC per ounce reported by the Company may not be comparable to data reported by other gold mining companies.

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#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026
The following table sets out a reconciliation of production costs to all-in sustaining costs per ounce for the three months ended March 31, 2026 and March 31, 2025 on both a by-product basis (deducting the impact of by-product metals from production costs) and a co-product basis (without deducting the impact of by-product metals from production costs).

#### Reconciliation of Production Costs to All-in Sustaining Costs per Ounce

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| **(United States dollars per ounce, except where noted)**  | &nbsp;&nbsp;&nbsp;&nbsp; **2026**  | &nbsp;&nbsp;&nbsp;&nbsp; **2025**  |
|  Production costs per the First Quarter Financial Statements <br> (thousands of United States dollars)  | $955587 | $767733 |
| Gold production (ounces)<sup>(i)</sup>  | 825109 | 873794 |
| Production costs per ounce  | $1158 | $879 |
| Adjustments: |  |  |
| &nbsp;&nbsp;&nbsp; Inventory adjustments<sup>(ii)</sup>  | 6 | 11 |
| &nbsp;&nbsp;&nbsp; In-kind royalty and NTI Payments<sup>(iii)</sup>  | 11 | 34 |
| &nbsp;&nbsp;&nbsp; Realized gains and losses on hedges of production costs  | (6) | 7 |
| &nbsp;&nbsp;&nbsp; Smelting, refining and marketing charges  | 9 | 7 |
| Total cash costs per ounce (co-product basis)  | $1178 | $938 |
| &nbsp;&nbsp;&nbsp; Impact of by-product metals  | (85) | (43) |
| Total cash costs per ounce (by-product basis)  | $1093 | $895 |
| Adjustments: |  |  |
| &nbsp;&nbsp;&nbsp; Sustaining capital expenditures (including capitalized exploration)  | 243 | 196 |
| &nbsp;&nbsp;&nbsp; General and administrative expenses (including stock option expense)  | 94 | 69 |
| &nbsp;&nbsp;&nbsp; Non-cash reclamation provision and sustaining leases<sup>(iv)</sup>  | 53 | 15 |
| All-in sustaining costs per ounce (by-product basis)  | $1483 | $1175 |
| &nbsp;&nbsp;&nbsp; Impact of by-product metals  | 85 | 43 |
| All-in sustaining costs per ounce (co-product basis)  | $1568 | $1218 |

---

Notes:

(i) Gold production for the three months ended March 31, 2026 and 2025 excludes 418 ounces and 1,811 ounces of payable production of gold at La India and 76 ounces and 25 ounces of payable production at Creston Mascota, respectively, which were produced from residual leaching.

(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 of gold produced 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 is $3.6 million and $1.1 million for the three months ended March 31, 2026 and March 31, 2025, 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 the 50% of Canadian Malartic that Agnico Eagle did not then hold.

(iii) In-kind royalty adjustments in respect of Canadian Malartic, Detour Lake and Macassa related to in-kind royalties of 5.0%, 2.0% and 1.5%, respectively, paid in respect of gold production at such mines, which are excluded from production costs under IFRS Accounting Standards and added back in the calculation of all-in sustaining costs per ounce. NTI Payments are incurred solely at Meadowbank and are included in production costs under IFRS Accounting Standards and subtracted from production costs in the calculation of total cash costs per ounce as described more fully above. For a discussion of NTI Payments, see "*All-in Sustaining Costs per Ounce*".

(iv) Sustaining leases are lease payments related to sustaining assets.

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026

#### Capital Expenditures
Capital expenditures are calculated by deducting working capital adjustments from additions to property, plant and mine development per the First Quarter Financial Statements.

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 First Quarter Financial Statements for the three months ended March 31, 2026 and March 31, 2025.

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| **(thousands of United States dollars)**  | &nbsp;&nbsp;&nbsp;&nbsp; **2026**  | &nbsp;&nbsp;&nbsp;&nbsp; **2025**  |
| Sustaining capital expenditures  | $196592 | $168076 |
| Sustaining capitalized exploration  | 5387 | 4448 |
| Development capital expenditures  | 292290 | 186224 |
| Development capitalized exploration  | 79341 | 60504 |
| **Total Capital Expenditures**  | $**573610** | $**419252** |
| Working capital adjustments  | 40139 | 30872 |
|  **Additions to property, plant and mine development per the First Quarter Financial Statements**  | $**613749** | $**450124** |

---

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#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026
The following table sets out a reconciliation of sustaining capital expenditures and development capital expenditures per minesite to the additions to property, plant and mine development per the First Quarter Financial Statements for the three months ended March 31, 2026 and 2025.

#### Sustaining Capital Expenditures and Development Capital Expenditures

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| **(thousands of United States dollars)**  | &nbsp;&nbsp;&nbsp;&nbsp; **2026**  | &nbsp;&nbsp;&nbsp;&nbsp; **2025**  |
| &nbsp;&nbsp;&nbsp; LaRonde  | 16893 | 18397 |
| &nbsp;&nbsp;&nbsp; Canadian Malartic  | 23748 | 25161 |
| &nbsp;&nbsp;&nbsp; Goldex  | 10305 | 14233 |
| **Quebec** | **50946** | **57791** |
| &nbsp;&nbsp;&nbsp; Detour Lake  | 42531 | 35858 |
| &nbsp;&nbsp;&nbsp; Macassa  | 20372 | 8947 |
| **Ontario** | **62903** | **44805** |
| &nbsp;&nbsp;&nbsp; Meliadine  | 17735 | 15249 |
| &nbsp;&nbsp;&nbsp; Meadowbank  | 23155 | 23368 |
| **Nunavut** | **40890** | **38617** |
| &nbsp;&nbsp;&nbsp; Fosterville  | 23036 | 12630 |
| **Australia** | **23036** | **12630** |
| &nbsp;&nbsp;&nbsp; Kittila  | 14149 | 10156 |
| **Finland** | **14149** | **10156** |
| &nbsp;&nbsp;&nbsp; Pinos Altos  | 8967 | 6650 |
| **Mexico** | **8967** | **6650** |
| Other<sup>(i)</sup> | 1088 | 1875 |
| **Sustaining capital expenditures**  | $**201979** | $**172524** |
| &nbsp;&nbsp;&nbsp; LaRonde  | 20397 | 16943 |
| &nbsp;&nbsp;&nbsp; Canadian Malartic  | 92611 | 56704 |
| &nbsp;&nbsp;&nbsp; Goldex  | 8077 | 2478 |
| **Quebec** | **121085** | **76125** |
| &nbsp;&nbsp;&nbsp; Detour Lake  | 80065 | 62700 |
| &nbsp;&nbsp;&nbsp; Detour Lake underground  | 16540 |  |
| &nbsp;&nbsp;&nbsp; Macassa  | 33329 | 32291 |
| &nbsp;&nbsp;&nbsp; Upper Beaver  | 23911 | 19083 |
| **Ontario** | **153845** | **114074** |
| &nbsp;&nbsp;&nbsp; Meliadine  | 22555 | 16091 |
| &nbsp;&nbsp;&nbsp; Meadowbank  | 9196 | 1325 |
| &nbsp;&nbsp;&nbsp; Hope Bay  | 45598 | 16775 |
| **Nunavut** | **77349** | **34191** |
| &nbsp;&nbsp;&nbsp; Fosterville  | 7791 | 9845 |
| **Australia** | **7791** | **9845** |
| &nbsp;&nbsp;&nbsp; Kittila  | 3546 | 2132 |
| **Finland** | **3546** | **2132** |
| &nbsp;&nbsp;&nbsp; Pinos Altos  | 1832 | 2923 |
| &nbsp;&nbsp;&nbsp; San Nicolás  | 2717 | 2085 |
| **Mexico** | **4549** | **5008** |
| Other<sup>(i)</sup> | 3466 | 5353 |
| **Development capital expenditures**  | $**371631** | $**246728** |
| **Total capital expenditures**  | $**573610** | $**419252** |
| Working capital adjustments  | 40139 | 30872 |
|  **Additions to property, plant and mine development per the First Quarter Financial Statements**  | $**613749** | $**450124** |

---

Note:

(i) Other projects are not segregated by region and can include projects in Canada, Australia, Finland, Mexico and other countries.

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#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026

#### Commitments and Contingencies
Material contractual commitments and contingencies have been set out in Note 27 to the Company's Annual Financial Statements for the year ended December 31, 2025 and in Note 17 of the First Quarter Financial Statements.

#### Accounting Policies
These First Quarter Financial Statements follow the same material accounting policies and methods of their application as the December 31, 2025 Annual Financial Statements except as described below for new accounting standards adopted effective January 1, 2026.

#### Recently Adopted Accounting Standard
In May 2024, the IASB issued *Amendments to the Classification and Measurement of Financial Instruments* ("IFRS 9" and "IFRS 7"). The IFRS 9 amendments provide clarification on the date of initial recognition or derecognition of financial liabilities, including financial liabilities that are settled in cash using an electronic payment system, whereas the IFRS 7 amendments introduce additional disclosure requirements relating to investments in equity instruments designated at FVOCI. These amendments are effective for periods commencing on or after January 1, 2026, with early adoption permitted. The Company has determined that the additional disclosure requirements under the IFRS 7 amendments are applicable however, the impact to the consolidated financial statements is immaterial. The Company has determined that the amendments to IFRS 9 have an immaterial impact to its consolidated financial statements.

#### Significant Judgments, Estimates and Assumptions
The preparation of the First Quarter Financial Statements in conformity with IFRS Accounting Standards requires management to make judgments, estimates and assumptions that affect the amounts reported in the First Quarter Financial Statements and accompanying notes. Management believes that the estimates used in the preparation of the First Quarter Financial Statements are reasonable; however, actual results may differ materially from these estimates. The areas involving significant judgments, estimates and assumptions have been set out in Note 4 to the Company's Annual Financial Statements for the year ended December 31, 2025.

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#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026

#### NOTE TO INVESTORS CONCERNING FORWARD-LOOKING INFORMATION
Certain statements contained in this MD&A 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 MD&A, the words "achieve", "aim", "anticipate", "commit", "could", "envisions", "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 (including the weighting thereof within 2026), 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, including the potential to increase annual gold production by 20% to 30% over the next decade, exceeding four million ounces by the early 2030s; 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 plans at Detour Lake underground, Upper Beaver, Odyssey, Hope Bay and San Nicolás, including the approval, timing, funding, completion and commissioning thereof and the commencement of production therefrom; statements concerning the Company's "fill-the-mill" strategy at Canadian Malartic; statements concerning the proposed transactions with Rupert and Aurion, and the acquisition of the 70% of Fingold Ventures Ltd., including the potential benefits thereof; 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 expenditures 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 or submission or receipt 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, the effectiveness of its hedging strategies and the economic impact thereof; 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, trade restrictions and the effect of geo-political events on the Company, whether through availability of imports or inflation; plans with respect to activity under the NCIB and the renewal thereof, including the anticipated increase in the purchase limit; 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 MD&A 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 for the year ended December 31, 2025 (the "2025 MD&A") and the Company's Annual Information Form (the "AIF") for the year ended December 31, 2025 filed with Canadian securities regulators and that are included in its Annual Report on Form 40-F for the year ended December 31, 2025 (the "Form 40-F") filed with the U.S. Securities and Exchange Commission (the "SEC") as well as: that there are no significant

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#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026
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, South America 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 MD&A, see the AIF and 2025 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.

#### SCIENTIFIC AND TECHNICAL INFORMATION
The scientific and technical information set out in this MD&A relating to Nunavut, Quebec and Finland operations has been approved by Dominique Girard, Eng., Executive Vice-President & Chief Operating Officer — Nunavut, Quebec & Europe; relating to Ontario, Australia and Mexico operations has been approved by Natasha Vaz,, P.Eng., Executive Vice-President & Chief Operating Officer — Ontario, Australia & Mexico; relating to exploration has been approved by Guy Gosselin, Eng. and P.Geo., Executive Vice-President, Exploration; and relating to mineral reserves and mineral resources has been approved by Dyane Duquette, P.Geo., Vice-President, Mineral Resources Management, each of whom is a "Qualified Person" for the purposes of NI 43-101.

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#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026

#### Summary of Operations Key Performance Indicators

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| **(thousands of United States dollars, except where noted)**  | **2026**  | **2025**  |
| **Net income — key line items:** |  |  |
| &nbsp;&nbsp;&nbsp; Revenue from mining operations  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LaRonde  | 401927 | 279083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canadian Malartic  | 754853 | 422047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goldex  | 166536 | 95969 |
| &nbsp;&nbsp;&nbsp; **Quebec**  | **1323316** | **797099** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Detour Lake  | 944230 | 443886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macassa  | 306444 | 235662 |
| &nbsp;&nbsp;&nbsp; **Ontario**  | **1250674** | **679548** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meliadine  | 376594 | 258289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meadowbank  | 594426 | 405085 |
| &nbsp;&nbsp;&nbsp; **Nunavut**  | **971020** | **663374** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fosterville  | 180676 | 109829 |
| &nbsp;&nbsp;&nbsp; **Australia**  | **180676** | **109829** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kittila  | 251898 | 161088 |
| &nbsp;&nbsp;&nbsp; **Finland**  | **251898** | **161088** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pinos Altos  | 122272 | 57310 |
| &nbsp;&nbsp;&nbsp; **Mexico**  | **122272** | **57310** |
| &nbsp;&nbsp;&nbsp; **Corporate and Other**  | **(267)** | **—** |
| &nbsp;&nbsp;&nbsp; Revenues from mining operations  | 4099589 | 2468248 |
| &nbsp;&nbsp;&nbsp; Production costs  | 955587 | 767733 |
| &nbsp;&nbsp;&nbsp; Amortization of property, plant and mine development  | 420266 | 416800 |
| Gross profit  | 2723736 | 1283715 |
| Exploration, corporate and other  | 164112 | 89144 |
| Income before income and mining taxes  | 2559624 | 1194571 |
| Income and mining taxes expense  | 864163 | 379840 |
| Net income for the period  | $1695461 | $814731 |
| Net income per share — basic  | $3.39 | $1.62 |
| Net income per share — diluted  | $3.38 | $1.62 |
| **Cash flows:** |  |  |
| Cash provided by operating activities  | $1345868 | $1044246 |
| Cash used in investing activities  | $(764859) | $(649940) |
| Cash used in financing activities  | $(334652) | $(182966) |
| **Realized prices:** |  |  |
| Gold (per ounce)  | $4861 | $2891 |
| Silver (per ounce)  | $83.90 | $33.07 |

---

------

#### AGNICO EAGLE MINES LIMITED MANAGEMENT'S DISCUSSION AND ANALYSIS For the Three Months Ended March 31, 2026

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| | **2026**  | **2025**  |
| **Payable production<sup>(i)</sup>:** |  |  |
| Gold (ounces): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LaRonde  | 81596 | 91491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canadian Malartic  | 166216 | 159773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goldex  | 29372 | 30016 |
| &nbsp;&nbsp;&nbsp; **Quebec**  | **277184** | **281280** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Detour Lake  | 177019 | 152838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macassa  | 55593 | 86028 |
| &nbsp;&nbsp;&nbsp; **Ontario**  | **232612** | **238866** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meliadine  | 93831 | 98512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meadowbank  | 113862 | 140126 |
| &nbsp;&nbsp;&nbsp; **Nunavut**  | **207693** | **238638** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fosterville  | 41443 | 43615 |
| &nbsp;&nbsp;&nbsp; **Australia**  | **41443** | **43615** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kittila  | 48527 | 54104 |
| &nbsp;&nbsp;&nbsp; **Finland**  | **48527** | **54104** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pinos Altos  | 17650 | 17291 |
| &nbsp;&nbsp;&nbsp; **Mexico**  | **17650** | **17291** |
| **Total gold (ounces)**  | **825109** | **873794** |
| Silver (thousands of ounces)  | 599 | 602 |
| Zinc (tonnes)  | 1019 | 1742 |
| Copper (tonnes)  | 1479 | 1384 |
| **Payable metal sold<sup>(ii)</sup>:** |  |  |
| Gold (ounces): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LaRonde  | 78447 | 90509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canadian Malartic  | 155297 | 144663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goldex  | 31756 | 30693 |
| &nbsp;&nbsp;&nbsp; **Quebec**  | **265500** | **265865** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Detour Lake  | 191349 | 155480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macassa  | 62034 | 81000 |
| &nbsp;&nbsp;&nbsp; **Ontario**  | **253383** | **236480** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meliadine  | 77250 | 89270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meadowbank  | 121761 | 140350 |
| &nbsp;&nbsp;&nbsp; **Nunavut**  | **199011** | **229620** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fosterville  | 38000 | 38000 |
| &nbsp;&nbsp;&nbsp; **Australia**  | **38000** | **38000** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kittila  | 52600 | 56000 |
| &nbsp;&nbsp;&nbsp; **Finland**  | **52600** | **56000** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pinos Altos  | 21157 | 17000 |
| &nbsp;&nbsp;&nbsp; **Mexico**  | **21157** | **17000** |
| **Total gold (ounces)**  | **829651** | **842965** |
| Silver (thousands of ounces)  | 617 | 527 |
| Zinc (tonnes)  | 1184 | 1812 |
| Copper (tonnes)  | 1509 | 1398 |

---

------

Notes:

(i) 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 March 31, 2026 and 2025, it excludes 418 payable gold ounces and 1,811 payable gold ounces produced at La India and 76 payable gold ounces and 25 payable gold ounces produced at Creston Mascota, respectively, which were produced from residual leaching.

(ii) Payable metals sold at Canadian Malartic, Detour Lake and Macassa exclude the in-kind royalties of 5.0%, 2.0% and 1.5%, respectively, paid in respect of gold production at such mines. For the three months ended March 31, 2025, it excludes 2,500 payable gold ounces sold at La India.

------

#### Summarized Quarterly Data

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three months ended**  | **Three months ended**  | **Three months ended**  | **Three months ended**  | **Three months ended**  | **Three months ended**  | **Three months ended**  | **Three months ended**  |
| **(thousands of United States <br> dollars, except where noted)** | **June 30, <br> 2024**  | **September 30, <br> 2024**  | **December 31, <br> 2024**  | **March 31, <br> 2025**  | **June 30, <br> 2025**  | **September 30, <br> 2025**  | **December 31, <br> 2025**  | **March 31, <br> 2026**  |
| **Gross profit:** |  |  |  |  |  |  |  |  |
|  Revenues from mining operations  | $2076621 | $2155609 | $2223700 | $2468248 | $2816101 | $3059529 | $3563973 | $4099589 |
| Production costs  | 771984 | 783653 | 746858 | 767733 | 789187 | 839321 | 944443 | 955587 |
|  Amortization of property, plant and mine development  | 378389 | 390245 | 388217 | 416800 | 376956 | 429947 | 421594 | 420266 |
| Gross profit  | 926248 | 981711 | 1088625 | 1283715 | 1649958 | 1790261 | 2197936 | 2723736 |
| Impairment reversal  |  |  |  |  |  |  | (229000) |  |
|  Exploration, corporate and <br> other  | 216042 | 141921 | 306114 | 89144 | 33339 | 214693 | 109783 | 164112 |
|  Income before income <br> and mining taxes  | 710206 | 839790 | 782511 | 1194571 | 1616619 | 1575568 | 2317153 | 2559624 |
|  Income and mining taxes expense  | 238190 | 272672 | 273256 | 379840 | 547908 | 520610 | 794092 | 864163 |
|  Net income for the <br> period  | $472016 | $567118 | $509255 | $814731 | $1068711 | $1054958 | $1523061 | $1695461 |
|  Net income per share — basic  | $0.95 | $1.13 | $1.02 | $1.62 | $2.13 | $2.10 | $3.04 | $3.39 |
|  Net income per share — diluted  | $0.94 | $1.13 | $1.01 | $1.62 | $2.12 | $2.10 | $3.04 | $3.38 |
| **Cash flows:** |  |  |  |  |  |  |  |  |
|  Cash provided by operating <br> activities  | $961336 | $1084532 | $1131849 | $1044246 | $1845488 | $1815875 | $2111504 | $1345868 |

---

------

#### AGNICO EAGLE MINES LIMITED CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS (thousands of United States dollars, except share amounts) (Unaudited)

---

| | | |
|:---|:---|:---|
| | **As at <br> March 31, <br> 2026**  | **As at <br> December 31, <br> 2025**  |
| **ASSETS** |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp; Cash and cash equivalents  | $**3111869** | $2866053 |
| &nbsp;&nbsp;&nbsp; Inventories  | **1578848** | 1698830 |
| &nbsp;&nbsp;&nbsp; Fair value of derivative financial instruments (Notes 5 and 14)  | **28172** | 34428 |
| &nbsp;&nbsp;&nbsp; Other current assets (Note 6A)  | **410385** | 394631 |
| Total current assets  | **5129274** | 4993942 |
| Non-current assets: |  |  |
| &nbsp;&nbsp;&nbsp; Goodwill  | **4157672** | 4157672 |
| &nbsp;&nbsp;&nbsp; Property, plant and mine development (Note 7)  | **23027704** | 22850540 |
| &nbsp;&nbsp;&nbsp; Investments (Notes 5, 8 and 14)  | **1814118** | 1508252 |
| &nbsp;&nbsp;&nbsp; Other assets (Note 6B)  | **1026933** | 960885 |
| Total assets  | $**35155701** | $34471291 |
| **LIABILITIES** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp; Accounts payable and accrued liabilities  | $**1090948** | $1033444 |
| &nbsp;&nbsp;&nbsp; Share based liabilities  | **36881** | 31722 |
| &nbsp;&nbsp;&nbsp; Income taxes payable  | **250218** | 1226347 |
| &nbsp;&nbsp;&nbsp; Reclamation provision  | **195227** | 144537 |
| &nbsp;&nbsp;&nbsp; Lease obligations  | **32573** | 30480 |
| &nbsp;&nbsp;&nbsp; Fair value of derivative financial instruments (Notes 5 and 14)  | **23475** | 5676 |
| Total current liabilities  | **1629322** | 2472206 |
| Non-current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp; Long-term debt (Note 9)  | **196548** | 196271 |
| &nbsp;&nbsp;&nbsp; Reclamation provision  | **1291147** | 1318476 |
| &nbsp;&nbsp;&nbsp; Lease obligations  | **90098** | 94719 |
| &nbsp;&nbsp;&nbsp; Share based liabilities  | **12615** | 23921 |
| &nbsp;&nbsp;&nbsp; Deferred income and mining tax liabilities  | **5450784** | 5373013 |
| &nbsp;&nbsp;&nbsp; Other liabilities  | **210041** | 250221 |
| Total liabilities  | **8880555** | 9728827 |
| **EQUITY** |  |  |
| &nbsp;&nbsp;&nbsp; Common shares (Note 10):  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Outstanding — 500,653,224 common shares issued, less 616,987 shares held in trust  | **18759399** | 18699862 |
| &nbsp;&nbsp;&nbsp; Stock options (Notes 10 and 11)  | **164637** | 166775 |
| &nbsp;&nbsp;&nbsp; Retained earnings  | **6814704** | 5463906 |
| &nbsp;&nbsp;&nbsp; Other reserves (Note 12)  | **536406** | 411921 |
| Total equity  | **26275146** | 24742464 |
| Total liabilities and equity  | $**35155701** | $34471291 |
| Commitments and contingencies (Note 17) |  |  |

---

 *See accompanying notes* 

------

#### AGNICO EAGLE MINES LIMITED CONDENSED INTERIM CONSOLIDATED STATEMENTS OF INCOME (thousands of United States dollars, except per share amounts) (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| | **2026**  | **2025**  |
| **REVENUES** |  |  |
| Revenues from mining operations (Note 13)  | $**4099589** | $2468248 |
| **COST OF SALES** |  |  |
| Production costs  | **955587** | 767733 |
| Amortization of property, plant and mine development  | **420266** | 416800 |
| **Gross profit**  | **2723736** | 1283715 |
| **EXPENSES (INCOME)** |  |  |
| Exploration and corporate development  | **52556** | 41805 |
| General and administrative  | **77850** | 60709 |
| Finance costs  | **15756** | 22444 |
| Gain on derivative financial instruments (Note 14)  | **(4700)** | (68859) |
| Foreign currency translation gain  | **(733)** | (60) |
| Care and maintenance  | **22596** | 13901 |
| Other income and expenses (Note 15)  | **787** | 19204 |
| **Income before income and mining taxes**  | **2559624** | 1194571 |
| Income and mining taxes expense  | **864163** | 379840 |
| **Net income for the period**  | $**1695461** | $814731 |
| Net income per share — basic (Note 10)  | $3.39 | $1.62 |
| Net income per share — diluted (Note 10)  | $3.38 | $1.62 |
| Cash dividends declared per common share  | $0.45 | $0.40 |

---

 *See accompanying notes* 

------

#### AGNICO EAGLE MINES LIMITED CONDENSED INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (thousands of United States dollars) (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| | **2026**  | **2025**  |
| **Net income for the period**  | $**1695461** | $814731 |
| Other comprehensive income: |  |  |
| Items that may be subsequently reclassified to net income: |  |  |
| &nbsp;&nbsp;&nbsp; Derivative financial instruments (Note 12):  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reclassified from the cash flow hedge reserve to net income  | **294** | 294 |
|  | **294** | 294 |
| Items that will not be subsequently reclassified to net income: |  |  |
| &nbsp;&nbsp;&nbsp; Pension benefit obligations:  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurement loss on pension benefit obligations  | **(42)** | (42) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax impact  | **11** | 11 |
| &nbsp;&nbsp;&nbsp; Equity securities (Note 12):  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in fair value of equity securities  | **142355** | 160036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax impact  | **(18164)** | (19686) |
|  | **124160** | 140319 |
| **Other comprehensive income for the period**  | **124454** | 140613 |
| **Comprehensive income for the period**  | $**1819915** | $955344 |

---

 *See accompanying notes* 

------

#### AGNICO EAGLE MINES LIMITED CONDENSED INTERIM CONSOLIDATED STATEMENTS OF EQUITY (thousands of United States dollars, except share and per share amounts) (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Common Shares <br> Outstanding**  | **Common Shares <br> Outstanding**  | **Stock <br> Options**  | **Retained <br> Earnings**  | **Other <br> Reserves**  | **Total <br> Equity**  |
| | **Shares**  | **Amount**  | **Stock <br> Options**  | **Retained <br> Earnings**  | **Other <br> Reserves**  | **Total <br> Equity**  |
| **Balance at December 31, 2024**  | 501729505 | $18675660 | $172145 | $2026242 | $(41147) | $20832900 |
| Net income  |  |  |  | 814731 |  | 814731 |
| Other comprehensive (loss) income:  |  |  |  | (31) | 140644 | 140613 |
| Total comprehensive income  |  |  |  | 814700 | 140644 | 955344 |
| Transactions with owners: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares issued under employee stock option plan (Notes 10 and 11)  | 962426 | 62918 | (10892) |  |  | 52026 |
| &nbsp;&nbsp;&nbsp; Stock options (Notes 10 and 11)  |  |  | 4272 |  |  | 4272 |
| &nbsp;&nbsp;&nbsp; Shares issued under incentive share purchase plan  | 139184 | 14695 |  |  |  | 14695 |
| &nbsp;&nbsp;&nbsp; Shares issued under dividend reinvestment plan  | 258900 | 25667 |  |  |  | 25667 |
| &nbsp;&nbsp;&nbsp; Share cancellations (Note 10)  | (396060) | (14796) |  | (35200) |  | (49996) |
| &nbsp;&nbsp;&nbsp; Dividends declared ($0.40 per share)  |  |  |  | (201225) |  | (201225) |
| &nbsp;&nbsp;&nbsp; Restricted Share Unit plan ("RSU"), <br> Performance Share Unit plan ("PSU") <br> and Long Term Incentive Plan <br> ("LTIP") (Notes 10 and 11)  | 20465 | 8169 |  |  |  | 8169 |
| **Balance at March 31, 2025**  | 502714420 | $18772313 | $165525 | $2604517 | $99497 | $21641852 |
| **Balance at December 31, 2025**  | 500046600 | $18699862 | $166775 | $5463906 | $411921 | $24742464 |
| Net income  |  |  |  | 1695461 |  | 1695461 |
| Other comprehensive (loss) income  |  |  |  | (31) | 124485 | 124454 |
| Total comprehensive income  |  |  |  | 1695430 | 124485 | 1819915 |
| Transactions with owners: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares issued under employee stock option plan (Notes 10 and 11)  | 484378 | 37388 | (5954) |  |  | 31434 |
| &nbsp;&nbsp;&nbsp; Stock options (Notes 10 and 11)  |  |  | 3816 |  |  | 3816 |
| &nbsp;&nbsp;&nbsp; Shares issued under incentive share purchase plan  | 96667 | 18214 |  |  |  | 18214 |
| &nbsp;&nbsp;&nbsp; Shares issued under dividend reinvestment plan  | 99961 | 21633 |  |  |  | 21633 |
| &nbsp;&nbsp;&nbsp; Share cancellations (Note 10)  | (796182) | (31397) |  | (119842) |  | (151239) |
| &nbsp;&nbsp;&nbsp; Dividends declared ($0.45 per share)  |  |  |  | (224790) |  | (224790) |
| &nbsp;&nbsp;&nbsp; RSU, PSU and LTIP (Notes 10 <br> and 11)  | 104813 | 13699 |  |  |  | 13699 |
| **Balance at March 31, 2026**  | 500036237 | $18759399 | $164637 | $6814704 | $536406 | $26275146 |

---

 *See accompanying notes* 

------

#### AGNICO EAGLE MINES LIMITED CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (thousands of United States dollars) (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| | **2026**  | **2025**  |
| **OPERATING ACTIVITIES** |  |  |
| Net income for the period  | $**1695461** | $814731 |
| Add (deduct) adjusting items: |  |  |
| &nbsp;&nbsp;&nbsp; Amortization of property, plant and mine development  | **420266** | 416800 |
| &nbsp;&nbsp;&nbsp; Deferred income and mining taxes  | **59537** | 18491 |
| &nbsp;&nbsp;&nbsp; Unrealized loss (gain) on currency and commodity derivatives (Note 14)  | **24054** | (31120) |
| &nbsp;&nbsp;&nbsp; Unrealized gain on warrants (Note 14)  | **(18989)** | (54168) |
| &nbsp;&nbsp;&nbsp; Stock-based compensation (Note 11)  | **34931** | 27393 |
| &nbsp;&nbsp;&nbsp; Foreign currency translation gain  | **(733)** | (60) |
| &nbsp;&nbsp;&nbsp; Other  | **16835** | 17323 |
| Changes in non-cash working capital balances: |  |  |
| &nbsp;&nbsp;&nbsp; Income taxes  | **(989080)** | (176739) |
| &nbsp;&nbsp;&nbsp; Inventories  | **36800** | 30917 |
| &nbsp;&nbsp;&nbsp; Other current assets  | **(11014)** | 31390 |
| &nbsp;&nbsp;&nbsp; Accounts payable and accrued liabilities  | **77800** | (50712) |
| Cash provided by operating activities  | **1345868** | 1044246 |
| **INVESTING ACTIVITIES** |  |  |
| Additions to property, plant and mine development (Note 7)  | **(613749)** | (450124) |
| Purchase of O3 Mining, net of cash and cash equivalents acquired  | **—** | (121960) |
| Contributions for acquisition of mineral assets  | **(5280)** | (3825) |
| Purchase of equity securities and other investments  | **(144702)** | (68057) |
| Other investing activities  | **(1128)** | (5974) |
| Cash used in investing activities  | **(764859)** | (649940) |
| **FINANCING ACTIVITIES** |  |  |
| Repayment of lease obligations  | **(7238)** | (9178) |
| Dividends paid  | **(203165)** | (175567) |
| Repurchase of common shares (Notes 10 and 11)  | **(167833)** | (60050) |
| Proceeds from exercise of stock options (Note 11)  | **31434** | 52026 |
| Common shares issued  | **12150** | 9803 |
| Cash used in financing activities  | **(334652)** | (182966) |
| **Effect of exchange rate changes on cash and cash equivalents**  | **(541)** | 541 |
| **Net increase in cash and cash equivalents during the period**  | **245816** | 211881 |
| **Cash and cash equivalents, beginning of period**  | **2866053** | 926431 |
| **Cash and cash equivalents, end of period**  | $**3111869** | $1138312 |
| **SUPPLEMENTAL CASH FLOW INFORMATION** |  |  |
| Interest paid  | $**563** | $1185 |
| Income and mining taxes paid  | $**1788322** | $536602 |

---

 *See accompanying notes* 

------

 **AGNICO EAGLE MINES LIMITED NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (thousands of United States dollars, except share and per share amounts, unless otherwise indicated) (Unaudited) March 31, 2026** 

1. #### CORPORATE INFORMATION
Agnico Eagle Mines Limited ("Agnico Eagle" or the "Company") is principally engaged in the production and sale of gold, as well as related activities such as exploration and mine development. The Company's mining operations are located in Canada, Australia, Finland and Mexico and the Company has exploration activities in Canada, Europe, Latin America, Australia and the United States. Agnico Eagle is a public company incorporated under the laws of the Province of Ontario, Canada with its head and registered office located at 145 King Street East, Suite 400, Toronto, Ontario, M5C 2Y7. The Company's common shares are listed on the Toronto Stock Exchange ("TSX") and the New York Stock Exchange ("NYSE"). Agnico Eagle sells its gold production into the world market.

These condensed interim consolidated financial statements (the "interim financial statements") were authorized for issuance by the Board of Directors of the Company on April 30, 2026.

2. #### BASIS OF PREPARATION
Unless otherwise stated, references to "LaRonde", "Canadian Malartic", "Meadowbank" and "Goldex" are to the Company's operations at the LaRonde complex, the Canadian Malartic complex, the Meadowbank complex and the Goldex complex, respectively. 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 ("LZ5"). 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 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. 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. References to other operations are to the relevant mines, projects or properties, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp; A)

#### Statement of Compliance
The accompanying interim financial statements of Agnico Eagle have been prepared in accordance with International Accounting Standard 34 *Interim Financial Reporting* ("IAS 34") as issued by the International Accounting Standards Board ("IASB") in United States ("US") dollars. These interim financial statements do not include all of the disclosures required by International Financial Reporting Standards ("IFRS® Accounting Standards") for annual audited consolidated financial statements.

These interim financial statements should be read in conjunction with the Company's 2025 annual audited consolidated financial statements, including the accounting policies and notes thereto, filed with the Canadian Securities Administrators on the SEDAR+ website and included in the Annual Report on Form 40-F for the year ended December 31, 2025, which were prepared in accordance with IFRS Accounting Standards.

In the opinion of management, these interim financial statements reflect all adjustments, which consist of normal and recurring adjustments necessary to present fairly the financial position as at March 31, 2026 and December 31, 2025 and the results of operations and cash flows for the three months ended March 31, 2026 and March 31, 2025.

Operating results for the three months ended March 31, 2026 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp; B)

#### Basis of Presentation
These interim financial statements were prepared on a going concern basis under the historical cost method except for certain financial assets and liabilities which are measured at fair value. The interim financial statements are presented in US dollars and all values are rounded to the nearest thousand, except where otherwise indicated.

3. #### MATERIAL ACCOUNTING POLICIES
These interim financial statements follow the same material accounting policies and methods of their application as the December 31, 2025 annual audited consolidated financial statements except as described below for new accounting standards adopted effective January 1, 2026.

#### New Accounting Standards Issued But Not Yet Adopted
In April 2024, the IASB issued IFRS 18 Presentation and Disclosure in Financial Statements ("IFRS 18"), which replaces IAS 1. IFRS 18 introduces new requirements for the presentation of the income statement, including specified totals and subtotals, and requires entities to classify all income and expenses into one of five categories: operating, investing, financing, income taxes, and discontinued operations. The standard also introduces new disclosure requirements for management-defined performance measures ("MPMs") and enhanced requirements related to the aggregation and disaggregation of financial information.

------

 **AGNICO EAGLE MINES LIMITED NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Continued) (thousands of United States dollars, except share and per share amounts, unless otherwise indicated) (Unaudited) March 31, 2026** 

3. #### MATERIAL ACCOUNTING POLICIES (Continued)
Management is currently assessing the detailed implications of adopting IFRS 18 on the consolidated financial statements. Based on the preliminary assessment performed to date, management has identified the following impacts.

The adoption of IFRS 18 will change the presentation of the income statement, including the classification of income and expense items into new categories and the introduction of new subtotals and line items. Net income will remain unchanged.

IFRS 18 introduces disclosure requirements for MPMs, which are defined as subtotals of income and expenses that management uses in public communications outside of the financial statements to communicate an aspect of the financial performance of the Company as a whole. Management has performed an initial assessment of the performance measures currently used in communications outside of the financial statements and has determined that adjusted net income, EBITDA, and adjusted EBITDA meet the definition of an MPM.

From a statement of cash flows perspective, IFRS 18 will result in changes to the presentation of interest received and interest paid. Interest paid will be presented as financing cash flows and interest received as investing cash flows, representing a change from the current presentation within operating cash flows. In addition, operating profit will replace net income as the starting point for determining cash flows from operating activities.

The Company will adopt IFRS 18 as of its mandatory effective date of January 1, 2027. The standard will be applied retrospectively, and comparative information for the financial year ended December 31, 2026 will be restated in accordance with IFRS 18.

#### Recently Adopted Accounting Standards
In May 2024, the IASB issued *Amendments to the Classification and Measurement of Financial Instruments* ("IFRS 9" and "IFRS 7"). The IFRS 9 amendments provide clarification on the date of initial recognition or derecognition of financial liabilities, including financial liabilities that are settled in cash using an electronic payment system, whereas the IFRS 7 amendments introduce additional disclosure requirements relating to investments in equity instruments designated at Fair Value through Other Comprehensive Income ("FVOCI"). These amendments are effective for periods commencing on or after January 1, 2026, with early adoption permitted. The Company has determined that the additional disclosure requirements under the IFRS 7 amendments are applicable however, the impact on the consolidated financial statements is immaterial. The Company has also determined that the amendments to IFRS 9 have an immaterial impact on its consolidated financial statements.

4. #### SIGNIFICANT JUDGMENTS, ESTIMATES AND ASSUMPTIONS
The preparation of these interim financial statements in conformity with IFRS Accounting Standards requires management to make judgments, estimates and assumptions that affect the amounts reported in the interim financial statements and accompanying notes. Management believes that the estimates used in the preparation of the interim financial statements are reasonable; however, actual results may differ materially from these estimates. The areas involving significant judgments, estimates and assumptions have been set out in Note 4 to the Company's annual audited consolidated financial statements for the year ended December 31, 2025.

5. #### FAIR VALUE MEASUREMENT
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. All assets and liabilities for which fair value is measured or disclosed in the interim financial statements are categorized within the fair value hierarchy, described, as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities;

Level 2 — Quoted prices in markets that are not active or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3 — Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs.

#### Assets and Liabilities Measured at Fair Value on a Recurring Basis
For items that are recognized at fair value on a recurring basis, the Company determines whether transfers have occurred between levels in the hierarchy by reassessing their classification at the end of each reporting period.

------

 **AGNICO EAGLE MINES LIMITED NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Continued) (thousands of United States dollars, except share and per share amounts, unless otherwise indicated) (Unaudited) March 31, 2026** 

5. #### FAIR VALUE MEASUREMENT (Continued)
During the three months ended March 31, 2026, there were no transfers between Level 1 and Level 2 fair value measurements, and no transfers into or out of Level 3 fair value measurements.

The fair values of cash and cash equivalents and accounts payable and accrued liabilities approximate their carrying values due to their short-term nature.

The following table sets out the Company's financial assets and liabilities measured at fair value on a recurring basis as at March 31, 2026 using the fair value hierarchy:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Level 1**  | **Level 2**  | **Level 3**  | **Total**  |
| **Financial assets:** |  |  |  |  |
| Trade receivables (Note 6A)  | $— | $24196 | $&nbsp;&nbsp;&nbsp;&nbsp;— | $24196 |
| Equity securities (FVOCI) (Note 8)  | 1636744 | 90881 |  | 1727625 |
| Share purchase warrants (FVPL) (Note 8)  |  | 86493 |  | 86493 |
| Fair value of derivative financial instruments (Note 14)  |  | 28172 |  | 28172 |
| Total financial assets  | $1636744 | $229742 | $— | $1866486 |
| **Financial liabilities:** |  |  |  |  |
| Fair value of derivative financial instruments (Note 14)  |  | 23475 |  | 23475 |
| Total financial liabilities  | $— | $23475 | $— | $23475 |

---

#### Valuation Techniques
There were no changes in the Company's valuation processes, techniques or types of inputs used in the fair value measurements during the period.

#### Fair Value of Financial Assets and Liabilities Not Measured and Recognized at Fair Value
Long-term debt is recorded on the interim financial statements at March 31, 2026 at amortized cost. The fair value of long-term debt is presented in Note 9 of these interim financial statements.

The San Nicolás liability, which represents the committed subscription proceeds for the San Nicolás project, is recorded on the interim financial statements at March 31, 2026 at amortized cost. The fair value of the San Nicolás liability is determined by discounting the minimum unavoidable obligation under the joint venture shareholders' agreement between Agnico Eagle and Teck at a discount rate that reflects the Company's credit rating. The fair value of the San Nicolás liability is not materially different from the carrying amount as the difference between the discount rate used at the initial recognition date and the current market rates at March 31, 2026 is not material.

Non-current loans receivable and other receivables are included in the other assets line item on the interim financial statements at amortized cost. The fair value of loans and other receivables is the present value of future cash inflows discounted at a market interest rate. The fair value of these financial assets is not materially different from the carrying amounts as at March 31, 2026 (Note 6B).

6. #### OTHER ASSETS
&nbsp;&nbsp;&nbsp;&nbsp; A)

#### Other Current Assets

---

| | | |
|:---|:---|:---|
| | **As at March 31, <br> 2026**  | **As at December 31, <br> 2025**  |
| Federal, provincial and other sales taxes receivable  | $158654 | $178685 |
| Prepaid expenses  | 165076 | 140040 |
| Trade receivables  | 24196 | 18690 |
| Short term investments  | 10788 | 8856 |
| Income taxes recoverable  | 9284 | 9435 |
| Other  | 42387 | 38925 |
| Total other current assets  | $410385 | $394631 |

---

------

 **AGNICO EAGLE MINES LIMITED NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Continued) (thousands of United States dollars, except share and per share amounts, unless otherwise indicated) (Unaudited) March 31, 2026** 

6. #### OTHER ASSETS (Continued)
&nbsp;&nbsp;&nbsp;&nbsp; B)

#### Other Assets

---

| | | |
|:---|:---|:---|
| | **As at March 31, <br> 2026**  | **As at December 31, <br> 2025**  |
| Non-current ore in stockpiles and on leach pads  | $945067 | $871803 |
| Non-current prepaid expenses  | 37132 | 43346 |
| Deferred income and mining tax asset  | 17905 | 17821 |
| Non-current loans receivable  | 9203 | 9203 |
| Investment in associate  | 6972 | 7086 |
| Other  | 10654 | 11626 |
| Total other assets  | $1026933 | $960885 |

---

7. #### PROPERTY, PLANT AND MINE DEVELOPMENT
During the three months ended March 31, 2026, $622.6 million of additions (2025 — $613.1 million) were capitalized to property, plant and mine development.

Assets with a net book value of $11.0 million were disposed of by the Company during the three months ended March 31, 2026 (2025 — $6.4 million), resulting in a loss on disposal of $10.2 million (2025 — $5.6 million) which was recorded in the other income and expenses line item in the interim financial statements.

See Note 17 to these interim financial statements for capital commitments.

8. #### INVESTMENTS

---

| | | |
|:---|:---|:---|
| | **As at March 31, <br> 2026**  | **As at December 31, <br> 2025**  |
| Equity securities  | $1727625 | $1423499 |
| Share purchase warrants  | 86493 | 84753 |
| Total investments  | $1814118 | $1508252 |

---

9. #### LONG-TERM DEBT
The following table sets out details of the Company's long-term debt as at March 31, 2026 and December 31, 2025:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **As at March 31, 2026**  | **As at March 31, 2026**  | **As at March 31, 2026**  | **As at March 31, 2026**  | **As at December 31, 2025**  | **As at December 31, 2025**  |
| | **Interest Rates**  | **Principal <br> Amount**  | **Deferred <br> Financing <br> Costs**  | **Carrying <br> Amount**  | **Fair Value**  | **Carrying <br> Amount**  | **Fair Value**  |
| Senior Notes  | 2.78% – 2.88%  | $200000 | $(724) | $199276 | $181104 | $199239 | $182924 |
| Credit Facility  | Variable  |  | (2728) | (2728) | (2728) | (2968) | (2968) |
| Total long-term debt  |  | $200000 | $(3452) | $196548 | $178376 | $196271 | $179956 |

---

#### Credit Facility
There were no drawdowns or repayments of the Credit Facility during the three months ended March 31, 2026 or the three months ended March 31, 2025. As at March 31, 2026, $1,976.1 million was available for future drawdown under the Credit Facility (December 31, 2025 — $1,975.8 million). Credit Facility availability is reduced by outstanding letters of credit, which were $23.9 million as at March 31, 2026 (December 31, 2025 — $24.2 million).

------

 **AGNICO EAGLE MINES LIMITED NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Continued) (thousands of United States dollars, except share and per share amounts, unless otherwise indicated) (Unaudited) March 31, 2026** 

10. #### EQUITY

#### Net Income Per Share
The following table sets out the weighted average number of common shares used in the calculation of basic and diluted net income per share:

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| | **2026**  | **2025**  |
| **Net income for the period**  | $1695461 | $814731 |
| Weighted average number of common shares outstanding — basic (in thousands)  | 500240 | 502410 |
| &nbsp;&nbsp;&nbsp; Add: Dilutive impact of common shares related to the RSU plan, PSU plan and LTIP  | 669 | 701 |
| &nbsp;&nbsp;&nbsp; Add: Dilutive impact of employee stock options  | 820 | 662 |
| Weighted average number of common shares outstanding — diluted (in thousands)  | 501729 | 503773 |
| **Net income per share — basic**  | $3.39 | $1.62 |
| **Net income per share — diluted**  | $3.38 | $1.62 |

---

Diluted net income per share has been calculated using the treasury stock method. In applying the treasury stock method, outstanding employee stock options with an exercise price greater than the average quoted market price of the common shares for the period outstanding are not included in the calculation of diluted net income per share as the impact would be anti-dilutive.

For the three months ended March 31, 2026 and March 31, 2025, no employee stock options were excluded from the calculation of diluted net income per share as their impact would have been anti-dilutive.

#### NCIB
In May 2025, the Company received approval from the TSX to renew its NCIB pursuant to which the Company may purchase up to a maximum of 5% of its issued and outstanding common shares. The Company is authorized to acquire an aggregate of $1.0 billion of its common shares under the NCIB. Under the NCIB, the Company may purchase its common shares for cancellation. The Company intends to repurchase its common shares during the period commencing May 4, 2025 and ending May 3, 2026, through the facilities of the TSX, the NYSE or other designated exchanges and alternative trading systems in Canada and the United States in accordance with applicable regulatory requirements. All common shares purchased under the NCIB will be cancelled.

The following table sets out activity with respect to the Company's NCIB program:

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| | **2026**  | **2025**  |
| Number of common shares repurchased  | 721211 | 488047 |
| Cost of common shares repurchased  | $149781 | $49996 |
| Number of common shares cancelled  | 721211 | 396060 |
| Book value of cancelled shares  | $27120 | $14796 |

---

11. #### STOCK-BASED COMPENSATION
During the three months ended March 31, 2026, the Company granted 347,595 stock options, 114,100 PSUs and 331,564 RSUs. The associated stock based compensation expense recognized in the interim financial statements was $31.6 million during the three months ended March 31, 2026 (2025 — $26.4 million). Stock based compensation expense is included in general and administrative expenses and production costs, consistent with the classification of other elements of compensation expense for the applicable employees.

------

 **AGNICO EAGLE MINES LIMITED NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Continued) (thousands of United States dollars, except share and per share amounts, unless otherwise indicated) (Unaudited) March 31, 2026** 

11. #### STOCK-BASED COMPENSATION (Continued)
The following table sets out activity with respect to Agnico Eagle's outstanding stock options:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended <br> March 31, 2026**  | **Three Months Ended <br> March 31, 2026**  | **Three Months Ended <br> March 31, 2026**  | **Three Months Ended <br> March 31, 2025**  | **Three Months Ended <br> March 31, 2025**  | **Three Months Ended <br> March 31, 2025**  |
| | **Number of <br> Stock <br> Options**  | **Weighted <br> Average <br> Exercise <br> Price**  | **Weighted <br> Average <br> Exercise <br> Price**  | **Number of <br> Stock <br> Options**  | **Weighted <br> Average <br> Exercise <br> Price**  | **Weighted <br> Average <br> Exercise <br> Price**  |
| Outstanding, beginning of period  | 1559812 | C$ | 89.13 | 2125773 | C$ | 72.37 |
| Granted  | 347595 |  | 232.76 | 873464 |  | 112.46 |
| Exercised  | (484378) |  | 89.26 | (962426) |  | 76.68 |
| Forfeited  | (17541) |  | 131.23 | (21805) |  | 87.58 |
| Expired  |  |  |  | (4725) |  | 73.23 |
| Outstanding, end of period  | 1405488 | C$ | 124.09 | 2010281 | C$ | 87.56 |
| Options exercisable, end of period  | 509744 | C$ | 101.96 | 683378 | C$ | 79.48 |

---

The average share price of Agnico Eagle's common shares during the three months ended March 31, 2026 was C$285.46 (2025 — C$136.75).

Agnico Eagle estimated the fair value of stock options under the Black-Scholes option pricing model using the following weighted average assumptions:

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| | **2026**  | **2025**  |
| Risk-free interest rate  | 2.46% | 2.75% |
| Expected life of stock options (in years)  | 1.8 | 2.1 |
| Expected volatility of Agnico Eagle's share price  | 33.0% | 29.0% |
| Expected dividend yield  | 0.9% | 2.1% |

---

The Company uses historical volatility to estimate the expected volatility of Agnico Eagle's share price. The expected term of stock options granted is derived from historical data on employee exercise and post-vesting employment termination experience.

12. #### OTHER RESERVES
The following table sets out the movements in other reserves for the three months ended March 31, 2026 and 2025:

---

| | | | |
|:---|:---|:---|:---|
| | **Equity <br> securities <br> reserve**  | **Cash flow <br> hedge <br> reserve**  | **Total**  |
| **Balance at December 31, 2024**  | $(35011) | $(6136) | $(41147) |
| Net change in cash flow hedge reserve  |  | 294 | 294 |
| Net change in fair value of equity securities  | 140350 |  | 140350 |
| **Balance at March 31, 2025**  | $105339 | $(5842) | $99497 |
| **Balance at December 31, 2025**  | $416881 | $(4960) | $411921 |
| Net change in cash flow hedge reserve  |  | 294 | 294 |
| Net change in fair value of equity securities  | 124191 |  | 124191 |
| **Balance at March 31, 2026**  | $541072 | $(4666) | $536406 |

---

The cash flow hedge reserve represents the settlement of an interest rate derivative related to the 2020 Notes. The reserve will be amortized over the term of the Notes. Amortization of the reserve is included in the finance costs line item in the interim financial statements.

------

 **AGNICO EAGLE MINES LIMITED NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Continued) (thousands of United States dollars, except share and per share amounts, unless otherwise indicated) (Unaudited) March 31, 2026** 

13. #### REVENUES FROM MINING OPERATIONS
The Company has recognized the following amounts relating to revenue in the interim financial statements:

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| | **2026**  | **2025**  |
| Revenues from contracts with customers  | $4100206 | $2466455 |
| Provisional pricing adjustments on concentrate sales  | (617) | 1793 |
| Total revenues from mining operations  | $4099589 | $2468248 |

---

The following table sets out the disaggregation of revenues by metal:

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| | **2026**  | **2025**  |
| Revenues from contracts with customers: |  |  |
| Gold  | $4030628 | $2434579 |
| Silver  | 48990 | 17361 |
| Zinc  | 531 | 2291 |
| Copper  | 20057 | 12224 |
| Total revenues from contracts with customers  | $4100206 | $2466455 |

---

14. #### DERIVATIVE FINANCIAL INSTRUMENTS

#### Currency Risk Management
The Company uses foreign exchange economic hedges to reduce the variability in expected future cash flows arising from changes in foreign currency exchange rates. The Company is primarily exposed to currency fluctuations relative to the US dollar as a significant portion of the Company's operating costs and capital expenditures are denominated in foreign currencies, primarily the Canadian dollar, the Australian dollar, the Euro and the Mexican peso.

These potential currency fluctuations increase the volatility of, and could have a significant impact on, the Company's production costs and capital expenditures. The economic hedges relate to a portion of the foreign currency denominated cash outflows arising from foreign currency denominated expenditures.

As at March 31, 2026, the Company had outstanding derivative contracts related to $5,226.9 million of 2026, 2027 and 2028 expenditures (December 31, 2025 — $4,458.4 million). The Company recognized mark-to-market adjustments in the gain on derivative financial instruments line item in the interim financial statements. The Company did not apply hedge accounting to these arrangements.

Mark-to-market gains and losses related to foreign exchange derivative financial instruments are recorded at fair value based on broker-dealer quotations corroborated by option pricing models that utilize period-end forward pricing of the applicable foreign currency to calculate fair value.

The Company's other foreign currency derivative strategies in 2026 and 2025 consisted mainly of writing US dollar call options with short maturities to generate premiums that would, in essence, enhance the spot transaction rate received when exchanging US dollars for foreign currencies. The call option premiums were recognized in the gain on derivative financial instruments line item in the interim financial statements.

#### Commodity Price Risk Management
To mitigate the risks associated with fluctuating diesel fuel prices, the Company uses derivative financial instruments as economic hedges of the price risk on a portion of diesel fuel costs associated primarily with its Canadian operations' diesel fuel exposure. There were derivative financial instruments outstanding as at March 31, 2026 relating to 16.0 million gallons of heating oil (December 31, 2025 — 16.0 million). The related mark-to-market adjustments prior to settlement were recognized in the gain on derivative financial instruments line item in the interim financial statements. The Company did not apply hedge accounting to these arrangements.

Mark-to-market gains and losses related to heating oil derivative financial instruments are based on broker-dealer quotations that utilize period-end forward pricing to calculate fair value.

------

 **AGNICO EAGLE MINES LIMITED NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Continued) (thousands of United States dollars, except share and per share amounts, unless otherwise indicated) (Unaudited) March 31, 2026** 

14. #### DERIVATIVE FINANCIAL INSTRUMENTS (Continued)
The following table sets out a summary of the amounts recognized in the gain on derivative financial instruments line item in the interim financial statements.

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| | **2026**  | **2025**  |
| Premiums realized on written foreign exchange call options  | $(949) | $(831) |
| Unrealized gain on warrants  | (18989) | (54168) |
| Realized (gain) loss on currency and commodity derivatives  | (8816) | 17260 |
| Unrealized loss (gain) on currency and commodity derivatives  | 24054 | (31120) |
| Gain on derivative financial instruments  | $(4700) | $(68859) |

---

15. #### OTHER INCOME AND EXPENSES
The following table sets out amounts recognized in the other income and expenses line item in the interim financial statements:

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br> March 31,**  | **Three Months Ended <br> March 31,**  |
| | **2026**  | **2025**  |
| Loss on disposal of property, plant and mine development (Note 7)  | $10239 | $5646 |
| Interest income  | (23604) | (7380) |
| Environmental remediation  | 13970 | 7730 |
| Other  | 182 | 13208 |
| Total other income and expenses  | $787 | $19204 |

---

------

 **AGNICO EAGLE MINES LIMITED NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Continued) (thousands of United States dollars, except share and per share amounts, unless otherwise indicated) (Unaudited) March 31, 2026** 

16. #### SEGMENTED INFORMATION

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended March 31, 2026**  | **Three Months Ended March 31, 2026**  | **Three Months Ended March 31, 2026**  | **Three Months Ended March 31, 2026**  |
| | **Revenues from <br> Mining <br> Operations**  | **Production <br> Costs**  | **Exploration and <br> Corporate <br> Development**  | **Segment <br> Income <br> (Loss)**  |
| LaRonde  | $401927 | $(88008) | $— | $313919 |
| Canadian Malartic  | 754853 | (129946) |  | 624907 |
| Goldex  | 166536 | (39999) |  | 126537 |
| Meliadine  | 376594 | (93559) |  | 283035 |
| Meadowbank  | 594426 | (183615) |  | 410811 |
| Kittila  | 251898 | (68009) |  | 183889 |
| Detour Lake  | 944230 | (168379) |  | 775851 |
| Macassa  | 306444 | (72465) |  | 233979 |
| Fosterville  | 180676 | (45493) |  | 135183 |
| Pinos Altos  | 122272 | (66114) |  | 56158 |
| Corporate and other<sup>(i)</sup>  | (267) |  |  | (267) |
| Exploration  |  |  | (52556) | (52556) |
| **Segment totals**  | $4099589 | $(955587) | $(52556) | $3091446 |
| **Total segments income**  |  |  |  | $3091446 |
| Corporate and other: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Amortization of property, plant and mine development  | &nbsp;&nbsp;&nbsp; Amortization of property, plant and mine development  | &nbsp;&nbsp;&nbsp; Amortization of property, plant and mine development  | &nbsp;&nbsp;&nbsp; Amortization of property, plant and mine development  | (420266) |
| &nbsp;&nbsp;&nbsp; General and administrative  | &nbsp;&nbsp;&nbsp; General and administrative  | &nbsp;&nbsp;&nbsp; General and administrative  | &nbsp;&nbsp;&nbsp; General and administrative  | (77850) |
| &nbsp;&nbsp;&nbsp; Finance costs  | &nbsp;&nbsp;&nbsp; Finance costs  | &nbsp;&nbsp;&nbsp; Finance costs  | &nbsp;&nbsp;&nbsp; Finance costs  | (15756) |
| &nbsp;&nbsp;&nbsp; Gain on derivative financial instruments  | &nbsp;&nbsp;&nbsp; Gain on derivative financial instruments  | &nbsp;&nbsp;&nbsp; Gain on derivative financial instruments  | &nbsp;&nbsp;&nbsp; Gain on derivative financial instruments  | 4700 |
| &nbsp;&nbsp;&nbsp; Foreign currency translation gain  | &nbsp;&nbsp;&nbsp; Foreign currency translation gain  | &nbsp;&nbsp;&nbsp; Foreign currency translation gain  | &nbsp;&nbsp;&nbsp; Foreign currency translation gain  | 733 |
| &nbsp;&nbsp;&nbsp; Care and maintenance  | &nbsp;&nbsp;&nbsp; Care and maintenance  | &nbsp;&nbsp;&nbsp; Care and maintenance  | &nbsp;&nbsp;&nbsp; Care and maintenance  | (22596) |
| &nbsp;&nbsp;&nbsp; Other income and expenses  | &nbsp;&nbsp;&nbsp; Other income and expenses  | &nbsp;&nbsp;&nbsp; Other income and expenses  | &nbsp;&nbsp;&nbsp; Other income and expenses  | (787) |
| Income before income and mining taxes | Income before income and mining taxes | Income before income and mining taxes | Income before income and mining taxes | $2559624 |

---

Note:

(i) Relates to revenues and production costs from non-operating minesites.

------

 **AGNICO EAGLE MINES LIMITED NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Continued) (thousands of United States dollars, except share and per share amounts, unless otherwise indicated) (Unaudited) March 31, 2026** 

16. #### SEGMENTED INFORMATION (Continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended March 31, 2025**  | **Three Months Ended March 31, 2025**  | **Three Months Ended March 31, 2025**  | **Three Months Ended March 31, 2025**  |
| | **Revenues from <br> Mining <br> Operations**  | **Production <br> Costs**  | **Exploration and <br> Corporate <br> Development**  | **Segment <br> Income <br> (Loss)**  |
| LaRonde  | $279083 | $(86644) | $— | $192439 |
| Canadian Malartic  | 422047 | (119289) |  | 302758 |
| Goldex  | 95969 | (34656) |  | 61313 |
| Meliadine  | 258289 | (83822) |  | 174467 |
| Meadowbank  | 405085 | (126967) |  | 278118 |
| Kittila  | 161088 | (55833) |  | 105255 |
| Detour Lake  | 443886 | (134946) |  | 308940 |
| Macassa  | 235662 | (49826) |  | 185836 |
| Fosterville  | 109829 | (33040) |  | 76789 |
| Pinos Altos  | 57310 | (42710) |  | 14600 |
| Exploration  |  |  | (41805) | (41805) |
| **Segment totals**  | $2468248 | $(767733) | $(41805) | $1658710 |
| **Total segments income**  |  |  |  | $1658710 |
| Corporate and other: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Amortization of property, plant and mine development  | &nbsp;&nbsp;&nbsp; Amortization of property, plant and mine development  | &nbsp;&nbsp;&nbsp; Amortization of property, plant and mine development  | &nbsp;&nbsp;&nbsp; Amortization of property, plant and mine development  | (416800) |
| &nbsp;&nbsp;&nbsp; General and administrative  | &nbsp;&nbsp;&nbsp; General and administrative  | &nbsp;&nbsp;&nbsp; General and administrative  | &nbsp;&nbsp;&nbsp; General and administrative  | (60709) |
| &nbsp;&nbsp;&nbsp; Finance costs  | &nbsp;&nbsp;&nbsp; Finance costs  | &nbsp;&nbsp;&nbsp; Finance costs  | &nbsp;&nbsp;&nbsp; Finance costs  | (22444) |
| &nbsp;&nbsp;&nbsp; Gain on derivative financial instruments  | &nbsp;&nbsp;&nbsp; Gain on derivative financial instruments  | &nbsp;&nbsp;&nbsp; Gain on derivative financial instruments  | &nbsp;&nbsp;&nbsp; Gain on derivative financial instruments  | 68859 |
| &nbsp;&nbsp;&nbsp; Foreign currency translation gain  | &nbsp;&nbsp;&nbsp; Foreign currency translation gain  | &nbsp;&nbsp;&nbsp; Foreign currency translation gain  | &nbsp;&nbsp;&nbsp; Foreign currency translation gain  | 60 |
| &nbsp;&nbsp;&nbsp; Care and maintenance  | &nbsp;&nbsp;&nbsp; Care and maintenance  | &nbsp;&nbsp;&nbsp; Care and maintenance  | &nbsp;&nbsp;&nbsp; Care and maintenance  | (13901) |
| &nbsp;&nbsp;&nbsp; Other income and expenses  | &nbsp;&nbsp;&nbsp; Other income and expenses  | &nbsp;&nbsp;&nbsp; Other income and expenses  | &nbsp;&nbsp;&nbsp; Other income and expenses  | (19204) |
| Income before income and mining taxes | Income before income and mining taxes | Income before income and mining taxes | Income before income and mining taxes | $1194571 |

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 **AGNICO EAGLE MINES LIMITED NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Continued) (thousands of United States dollars, except share and per share amounts, unless otherwise indicated) (Unaudited) March 31, 2026** 

16. The following table sets out total assets by segment:

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| | | |
|:---|:---|:---|
| | **Total Assets as at**  | **Total Assets as at**  |
| | **March 31, <br> 2026**  | **December 31, <br> 2025**  |
| LaRonde  | $1304860 | $1265895 |
| Canadian Malartic  | 7034951 | 7025277 |
| Goldex  | 478789 | 468050 |
| Meliadine  | 2244700 | 2276714 |
| Meadowbank  | 1515040 | 1567865 |
| Kittila  | 1672054 | 1545658 |
| Detour Lake  | 10284288 | 10201708 |
| Macassa  | 1911712 | 1896086 |
| Fosterville  | 1306935 | 1236700 |
| Pinos Altos  | 465985 | 436744 |
| La India  | 78028 | 85100 |
| Exploration  | 2045626 | 1968494 |
| Corporate and other  | 4812733 | 4497000 |
| **Total assets**  | $35155701 | $34471291 |

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17. #### COMMITMENTS AND CONTINGENCIES
As part of its ongoing business and operations, the Company has been required to provide assurance in the form of letters of credit for environmental and site restoration costs, custom credits, government grants and other general corporate purposes. As at March 31, 2026, the total amount of these guarantees was $1,195.2 million (December 31, 2025 — $1,338.5 million).

As at March 31, 2026, the Company had $449.5 million (December 31, 2025 — $294.8 million) of commitments related to capital expenditures and $290.0 million (December 31, 2025 — $290.0 million) of committed subscription proceeds related to San Nicolás.

18. #### SUBSEQUENT EVENTS

#### Dividends Declared
On April 30, 2026, Agnico Eagle announced that the Board approved the payment of a quarterly cash dividend of $0.45 per common share (a total value of approximately $225.0 million), payable on June 15, 2026 to holders of record of the common shares of the Company on June 1, 2026.

#### Acquisition of Properties in the Central Lapland Greenstone Belt
On April 20, 2026, the Company announced a plan to complete a comprehensive consolidation of properties in the Central Lapland Greenstone Belt ("CLGB") of Northern Finland, pursuant to which Agnico Eagle has entered into definitive agreements in respect of three separate transactions: (i) the acquisition of all of the issued and outstanding shares of Rupert Resources Ltd. ("Rupert"); (ii) the acquisition of all of the issued and outstanding shares of Aurion Resources Ltd. ("Aurion"); and (iii) the acquisition of a 70% interest in Fingold Ventures Ltd. (the "Fingold JV") held by B2Gold Corp. ("B2Gold"), which together with the 30% interest held by Aurion, would result in Agnico Eagle owning a 100% ownership interest in the Fingold JV.

Agnico Eagle and Rupert have entered into a definitive arrangement agreement (the "Rupert Arrangement Agreement") pursuant to which Agnico Eagle has agreed to acquire all of the outstanding common shares of Rupert (the "Rupert Shares"), other than the Rupert Shares held by Agnico Eagle, by way of plan of arrangement (the "Rupert Transaction"). Pursuant to the Rupert Transaction, each Rupert Share will be exchanged for: (i) upfront consideration comprised of 0.0401 of a common share of Agnico Eagle ("Agnico Shares"); and (ii) contingent consideration, in the form of a contingent value right ("CVR"), of up to C$3.00, which is payable upon Rupert's properties reaching specified milestones. The aggregate upfront consideration on a 100% and fully diluted basis is valued at approximately C$2,871.0 million based on the five-day volume-weighted trading price of the Agnico shares on the TSX on April 17, 2026 (the last trading day prior to the announcement of the Rupert Transaction).

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 **AGNICO EAGLE MINES LIMITED NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Continued) (thousands of United States dollars, except share and per share amounts, unless otherwise indicated) (Unaudited) March 31, 2026** 

18. #### SUBSEQUENT EVENTS (Continued)
Agnico Eagle and Aurion have entered into a definitive arrangement agreement (the "Aurion Arrangement Agreement") pursuant to which Agnico Eagle has agreed to acquire all of the outstanding common shares of Aurion (the "Aurion Shares"), other than the Aurion Shares held by Agnico Eagle, by way of plan of arrangement (the "Aurion Transaction"). Pursuant to the Aurion Transaction, each Aurion Share will be acquired for C$2.60 in cash (the "Aurion Consideration"), for an aggregate consideration of approximately C$481.0 million on a 100% and fully-diluted basis.

Agnico Eagle and B2Gold have entered into a definitive purchase agreement (the "B2Gold Purchase Agreement") pursuant to which Agnico Eagle has agreed to acquire B2Gold's 70% interest in the Fingold JV for $325.0 million in cash (the "B2Gold Transaction").

The Rupert Transaction and the Aurion Transaction remain subject to customary closing conditions, including shareholder and regulatory approvals, and are expected to close in the third quarter of 2026. The B2Gold Transaction closed on April 22, 2026.

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