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Agnico Eagle Mines Reports Record Fourth Quarter and Annual Financial Results for 2025

Toronto, February 12, 2026 – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) has revealed impressive financial outcomes for the fourth quarter and the entire year of 2025. With a focus on delivering exceptional operational performance and shareholder value, the company has achieved remarkable milestones this past year.

Key Highlights of 2025

• - Record Free Cash Flow: Agnico Eagle reported a record free cash flow of $4.4 billion or $8.76 per share due to robust operational metrics and efficient cost management, contributing significantly to the company's financial health.
• - Strong Gold Production: The total payable gold production for 2025 stood at 3,447,367 ounces, exceeding the midpoint of its guidance range, driven by solid operational performance and cost discipline.
• - Total Cash Costs: Average production costs per ounce were reported at $965, slightly above the guidance due to higher royalty costs linked to the realized gold prices that peaked at $3,450 per ounce. Total cash costs per ounce averaged $979, reflecting the company's commitment to operational efficiency.
• - Impressive Shareholder Returns: Agnico Eagle delivered total returns of $1.4 billion to its shareholders through dividend payouts and share repurchases. The quarterly dividend was increased by 12.5% to $0.45 per share, with total payments reaching $803 million for the year.

Financial Performance Review

The fourth quarter results mirrored the annual achievements, with the company reporting quarterly net income of $1.5 billion or $3.04 per share, compared to $509 million in the same quarter last year. Adjusted net income for the quarter rose to $1.35 billion, demonstrating the company's operational improvement and efficiency.

The total revenues from mining operations in 2025 amounted to $11.9 billion, a substantial increase from previous years, underlined by the higher realized gold prices and enhanced production efficiencies.

Operating Highlights

In terms of operational achievements, the company maintained impressive production levels despite facing challenges related to increased royalty costs and the impacts of mine sequencing. Strong productivity was reported at key sites such as Canadian Malartic and Detour Lake, where the expansion and underground projects continued to show promise for future production growth.

The commitment to capital investment remains strong, with $2.1 billion devoted to capital expenditures in 2025. This strategy is expected to persist as the company looks to strengthen its project pipeline and sustain operational efficiencies over the coming years.

Future Outlook

Looking ahead, Agnico Eagle has provided stable production guidance of approximately 3.3 to 3.5 million ounces annually through 2028, reflecting a consistent production profile and stringent cost management policies. The upcoming years will focus on several key projects intended to bolster gold production capacity and project pipelines that could lead to a production increase of 20-30% by the early 2030s.

Agnico Eagle has reiterated its confidence in being well-positioned for sustainable growth, with an emphasis on maintaining a strong balance sheet and creating shareholder returns that reflect its operational success.

For more information, Agnico Eagle will host a conference call discussing these results in detail on February 13, 2026. Interested participants can access the call through the company's official website.

About Agnico Eagle Mines Limited

Founded in 1957, Agnico Eagle is Canada’s largest mining company and the second-largest gold producer globally, renowned for its responsible mining practices and unwavering commitment to sustainability. The company has been dedicated to delivering shareholder value consistently, announcing a dividend each year since 1983.