UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington,D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TORULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934

For the month of October, 2025

Commission File Number 001-13422

AGNICO EAGLEMINES LIMITED

(Translation of registrant’s name into English)

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

(Address of principal executive office)

Indicateby 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 x

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

Note: RegulationS-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other documentthat the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant isincorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the homecountry 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, hasalready been the subject of a Form 6-K submission or other Commission filing on EDGAR.

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

If “Yes” is marked, indicatebelow the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .

EXHIBITS

Exhibit No.	Exhibit Description
99.1	Press Release dated October 29, 2025 announcing the Corporation’s third quarter results

SIGNATURES

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

	AGNICO EAGLE MINES LIMITED
	(Registrant)

Date: 10/31/2025	By:	/s/ Chris Vollmershausen
		Chris Vollmershausen
		Executive Vice-President, Legal, General Counsel & Corporate Secretary

Exhibit 99.1

Stock Symbol:	AEM (NYSE and TSX)

For further information:	Investor Relations
	(416) 947-1212

(All amounts expressed in U.S. dollars unlessotherwise noted)

AGNICO EAGLE REPORTS THIRD QUARTER 2025 RESULTS – RECORD ADJUSTED NET INCOME

WITH ANOTHER QUARTER OF STRONG PRODUCTION; FINANCIAL POSITION FURTHER

STRENGTHENED BY REPAYMENT OFLONG-TERM DEBT AND CASH ACCUMULATION

Toronto (October 29, 2025) – AgnicoEagle Mines Limited (NYSE:AEM, TSX:AEM) ("Agnico Eagle" or the "Company") today reported financial and operatingresults for the third quarter of 2025.

"Wedelivered another quarter of strong and consistent operational performance, which translated into record financial results as highergold prices continue to drive expanded margins. With solid year-to-date performance, we are well on track to meet our full year productionand cost guidance, supported by disciplined cost management and a focus on productivity," said Ammar Al-Joundi, Agnico Eagle's Presidentand Chief Executive Officer. "With the record free cash flow generation year-to-date and a strengthened financial position, we continueto advance our five key pipeline projects and create value through the drill bit. We remain disciplined in our approach to capital allocationand we continue to provide strong returns to our shareholders through dividends and share buybacks."

Third quarter 2025 highlights:

Strong quarterly gold production – Payable gold production¹ was 866,936 ouncesat production costs per ounce of $963, total cash costs per ounce² of $994 and all-in sustaining costs ("AISC")per ounce² of $1,373. The strong operational performance in the third quarter of 2025 was led by Meadowbank and LaRonde. Inthe first nine months of 2025, gold production was approximately 77% of the mid-point of the Company's full-year guidance, with totalcash costs per ounce at approximately the mid-point of guidance

¹ Payable production of a mineral means the quantity ofa mineral produced during a period contained in products that have been or will be sold by the Company whether such products are shippedduring the period or held as inventory at the end of the period. Payable gold production for the three months ended September 30, 2025excludes payable gold production at La India and Creston Mascota of 945 and 189 ounces, respectively, which were produced from residualleaching and 2,442 ounces of gold recovered at Hope Bay.

² Total cash costs per ounce and all-in sustaining costsper ounce or AISC per ounce are non-GAAP ratios that are not standardized financial measures under IFRS® Accounting Standards and,in this news release, unless otherwise specified, are reported on (i) a per ounce of gold production basis, and (ii) a by-product basis.For a description of the composition and usefulness of these non-GAAP ratios and reconciliations of total cash costs per ounce and AISCper ounce to production costs on both a by-product and a co-product basis, see "Note Regarding Certain Measures of Performance" below.

Higher gold prices generate stronger margins, while impacting royalty costs – Royalty costs,which are included in the calculation of total cash costs per ounce and AISC per ounce, are directly linked to gold prices. The averagerealized gold price in the third quarter of 2025 was $3,476 per ounce and in the first nine months of 2025 was $3,221, exceeding the Company'sguidance assumption of $2,500 by $976 and $721, respectively. The higher gold prices affected the Company's total cash costs and AISCby approximately $61 per ounce in the third quarter of 2025 and approximately $34 per ounce in the first nine months of 2025, when comparedto guidance

Record quarterly adjusted net income and strong free cash flow generation – The Company reportedquarterly net income of $1,055 million or $2.10 per share and record adjusted net income³ of $1,085 million or $2.16 pershare. The Company generated cash provided by operating activities of $1,816 million or $3.62 per share ($1,661 million or $3.31 per shareof cash provided by operating activities before changes in non-cash components of working capital⁴) and free cash flow⁴of $1,190 million or $2.37 per share ($1,035 million or $2.06 per share of free cash flow before changes in non-cash components of workingcapital⁴)

2025 gold production and unit cost guidance reiterated – Full year expected payable goldproduction in 2025 remains unchanged at 3.3 to 3.5 million ounces. If gold prices remain elevated for the remainder of 2025, total cashcosts per ounce and AISC per ounce in 2025 are expected to trend towards the top end of the guidance ranges of $915 to $965 and $1,250to $1,300, respectively, reflecting the strong commodity price environment and associated royalty costs impact. Total capital expenditures(excluding capitalized exploration) for 2025 are expected to remain between $1.75 billion to $1.95 billion and capitalized explorationis expected to remain between $290 and $310 million. Further details are set out in the 2025 Guidance Summary section below

Financial position further strengthened through cash accumulation and debt repayment – TheCompany increased its net cash⁵ position to $2,159 million as at September 30, 2025 as a result of the increase in itscash position by $797 million to $2,355 million and the reduction of long-term debt by $400 million to $196 million. On September 29,2025, the Company repaid its $50 million 4.15% 2015 senior notes at maturity and also redeemed the outstanding principal of $350 millionof the 2018 senior notes with interest rates ranging from 4.38% to 4.63%. In addition, in August 2025, Moody's upgraded the Company'slong-term issuer rating to A3 from Baa1

Increased quarterly share repurchases demonstrate continued focus on shareholder returns –A quarterly dividend of $0.40 per share has been declared. In addition, the Company repurchased 1,005,577 common shares during the quarterunder its normal course issuer bid ("NCIB") at an average share price of $149.02 for aggregate consideration of $150 million

Update on key value drivers and pipeline projects in the third quarter of 2025

◦

Canadian Malartic – Excavation of the first loading station between levels 102 and 114 wascompleted, and conventional shaft sinking resumed. Development of East Gouldie production levels and support infrastructure progressedon schedule for planned production in the second half of 2026. Exploration drilling in the upper eastern extension of the East Gouldiedeposit near the current shaft and ramp infrastructure was highlighted by 4.8 grams per tonne ("g/t") gold over 25.4 metresat 884 metres depth and 5.5 g/t gold over 15.4 metres at 907 metres depth, potentially providing a second mining area and potentiallyutilize excess mill capacity. Drilling also continued to extend the East Gouldie deposit to the east and west in the lower portions ofthe deposit. Regional exploration continued to prioritize the Marban project, including optimization of a potential open pit and the possibleeastern extension of the Marban deposit

³ Adjusted net income and adjusted net income per shareare non-GAAP measures or ratios that are not standardized financial measures under IFRS Accounting Standards. For a description of thecomposition and usefulness of these non-GAAP measures and a reconciliation to net income see "Note Regarding Certain Measures of Performance"below.

⁴ Cash provided by operating activities before changesin non-cash components of working capital, free cash flow and free cash flow before changes in non-cash components of working capitaland their related per share measures are non-GAAP measures or ratios that are not standardized financial measures under IFRS AccountingStandards. For a description of the composition and usefulness of these non-GAAP measures and a reconciliation to cash provided by operatingactivities see "Note Regarding Certain Measures of Performance" below.

⁵ Net cash (debt), that is, a negative "net debt" position,and net debt are non-GAAP measures that are not standardized financial measures under IFRS Accounting Standards. For a description ofthe composition and usefulness of these non-GAAP measures and a reconciliation to long-term debt, see "Note Regarding Certain Measuresof Performance" below.

◦

Detour Lake – Excavation of the exploration ramp commenced with the first blast completedon July 3, 2025. The exploration ramp advanced by 259 metres and reached a depth of 43 metres as at September 30, 2025. Explorationdrilling into the high-grade corridor in the West Pit zone further defined the high-grade domains that could potentially be mined earlyin the underground project, with a highlight intercept of 2.7 g/t gold over 55.7 metres at 297 metres depth. Drilling into the West Extensionzone at underground depths further confirmed the grades and continuity of mineralization in the western plunge of the deposit

◦

Upper Beaver – The shaft head frame and installation of the service hoist were completedon schedule, with shaft sinking expected to commence in the fourth quarter of 2025. At the ramp portal, excavation of the explorationramp began and advanced by 268 metres, reaching a depth of 22 metres as at September 30, 2025

◦

Hope Bay – Site infrastructure upgrades advanced, including the addition of two wings atthe Doris camp, the completion of the mill dismantling and the jetty expansion at Robert's Bay in time for the 2025 sealift season. Explorationdrilling totaled 34,971 metres in the third quarter of 2025 (103,815 metres year-to-date), with a continued focus on mineral resourceexpansion and conversion of the Patch 7 zone in the Madrid deposit. Highlights including 16.9 g/t gold over 4.6 metres at 865 metres depthand 12.7 g/t gold over 9.3 metres at 834 metres depth in two of the deepest intercepts of the Patch 7 zone to date continue to supportthe potential for mineral resource expansion at depth and along strike

◦

San Nicolas – Minas de San Nicolas continued to advance the feasibility study and executionstrategy, with engineering expected to be 30% complete by year-end. Drilling activities progressed with a focus on condemnation drillingand geological evaluation in proximity to the projected mine area

Third Quarter 2025 Results Conference Calland Webcast Tomorrow

The Company's senior management will host a conferencecall on Thursday, October 30, 2025, at 11:00 AM (E.D.T.) to discuss the Company's financial and operating results.

Via Webcast:

To listen to the live webcast of the conferencecall, you may register on the Company's website at www.agnicoeagle.com, or directly via the link here.

Via Phone:

To join the conference call by phone, please dial416.945.7677 or toll-free 1.888.699.1199 to be entered into the call by an operator. To ensure your participation, please call approximatelyfive minutes prior to the scheduled start of the call.

To join the conference call by phone withoutoperator assistance, you may register your phone number here 30 minutes prior to the scheduled start of the call to receive anautomated call back.

Replay Archive:

Please dial 289.819.1450 or toll-free 1.888.660.6345,access code 44229#. The conference call replay will expire on November 30, 2025.

The webcast, along with presentation slides, willbe archived for 180 days on the Company's website.

Third Quarter 2025 Production and Costs

Production and Cost Results Summary

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Gold production* (ounces)		866,936		863,445		2,606,759		2,637,935
Gold sales (ounces)**		868,563		855,899		2,558,363		2,609,192
Production costs per ounce***	$	963	$	908	$	918	$	887
Total cash costs per ounce***	$	994	$	921	$	943	$	897
AISC per ounce***	$	1,373	$	1,286	$	1,281	$	1,214

Gold production for the three months ended September 30, 2025 excludes payable gold production atLa India and Creston Mascota of 945 and 189 ounces, respectively, which were produced from residual leaching and 2,442 ounces of goldrecovered at Hope Bay. Gold production for the nine months ended September 30, 2025 excludes payable gold production at La Indiaand Creston Mascota of 3,614 and 253 ounces, respectively, and 2,442 ounces of gold recovered at Hope Bay.

Canadian Malartic's payable metal sold excludes the 5% in-kind net smelter return royalty held by OsiskoGold Royalties Ltd. Detour Lake's payable metal sold excludes the 2% in-kind net smelter royalty held by Franco-Nevada Corporation. Macassa'spayable metal sold excludes the 1.5% in-kind net smelter royalty held by Franco-Nevada Corporation. For the nine months ended September 30,2025, 2,500 payable gold ounces sold are excluded at La India.

***

Production costs per ounce, total cash costs per ounce and AISC per ounce are reported on a per ounceof gold produced basis.

Gold Production

Third Quarter of 2025 – Gold production increased when compared to the prior-year period primarilydue to higher production from LaRonde (higher grade and throughput), Canadian Malartic (higher grade and throughput) and Macassa (highergrade), partially offset by lower production at Fosterville (lower grade and throughput) and Meliadine (lower grade)

First Nine Months of 2025 – Gold production decreased when compared to the prior-year period primarilydue to lower production from Fosterville (lower grade and throughput), Canadian Malartic (lower throughput) and La India (end of minelife), partially offset by higher production at Macassa and LaRonde (higher grades)

Production Costs per Ounce

Third Quarter of 2025 – Production costs per ounce increased when compared to the prior-year periodprimarily due to higher royalty costs resulting from higher gold prices and lower build-up of stockpiles, partially offset by higher goldproduction and the benefit of the weaker Canadian dollar

First Nine Months of 2025 – Production costs per ounce increased when compared to the prior-yearperiod primarily due to higher royalty costs resulting from higher gold prices and lower production, partially offset by the benefit ofthe weaker Canadian dollar

Total Cash Costs per Ounce

Third Quarter and First Nine Months of 2025 – Total cash costs per ounce increased when comparedto the prior-year periods primarily due to the reasons described above for the increase in production costs per ounce in the respectiveperiod

AISC per Ounce

Third Quarter of 2025 – AISC per ounce increased when compared to the prior-year period due to thereasons described above for the increase in total cash costs per ounce and higher general and administrative expenses (higher stock-basedcompensation as a result of the appreciation of the share price), partially offset by lower sustaining capital expenditures, primarilyat Detour Lake

First Nine Months of 2025 – AISC per ounce increased when compared to the prior-year period dueto the reasons described above for the increase in total cash costs per ounce, higher sustaining capital expenditures, primarily at Meadowbankand Fosterville, and higher general and administrative expenses (higher stock-based compensation as a result of the appreciation of theshare price)

Refer to the Company's Management Discussion andAnalysis for the third quarter of 2025 (the "MD&A") under the caption "Financial and Operating Results" for additionalvariance analysis on gold production, production costs, minesite costs per tonne and total cash costs per ounce compared to the prior-yearperiods.

Third Quarter 2025 Financial Results

Financial Results Summary

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Realizedgold price (per ounce)⁶	$	3,476	$	2,492	$	3,221	$	2,297
Net income (millions)	$	1,055	$	567	$	2,938	$	1,386
Adjusted net income (millions)	$	1,085	$	573	$	2,831	$	1,485
EBITDA(millions)⁷	$	2,030	$	1,259	$	5,684	$	3,264
Adjusted EBITDA (millions)⁷	$	2,098	$	1,257	$	5,602	$	3,362
Cash provided by operating activities (millions)	$	1,816	$	1,085	$	4,706	$	2,829
Cash provided by operating activities before changes in non-cash working capital balances (millions)	$	1,661	$	1,027	$	4,203	$	2,791
Capitalexpenditures (millions)⁸	$	644	$	486	$	1,601	$	1,265
Free cash flow (millions)	$	1,190	$	620	$	3,089	$	1,573
Free cash flow before changes in non-cash working capital balances (millions)	$	1,035	$	563	$	2,586	$	1,535

Net income per share (basic)	$	2.10	$	1.13	$	5.85	$	2.78
Adjusted net income per share (basic)	$	2.16	$	1.14	$	5.64	$	2.97
Cash provided by operating activities per share (basic)	$	3.62	$	2.16	$	9.37	$	5.67
Cash provided by operating activities before changes in non-cash working capital balances per share (basic)	$	3.31	$	2.05	$	8.37	$	5.59
Free cash flow per share (basic)	$	2.37	$	1.24	$	6.15	$	3.15
Free cash flow before changes in non-cash working capital balances per share (basic)	$	2.06	$	1.12	$	5.15	$	3.07

⁶ Realized gold price is calculatedas gold revenues from mining operations divided by the number of ounces sold.

⁷ "EBITDA" means earnings before interest,taxes, depreciation, and amortization. EBITDA and adjusted EBITDA are non-GAAP measures that are not standardized financial measuresunder IFRS Accounting Standards. For a description of the composition and usefulness of these non-GAAP measures and a reconciliationto net income see "Note Regarding Certain Measures of Performance" below.

⁸ Includes capitalized exploration.Capital expenditures is a non-GAAP measure that is not a standardized financial measure under IFRS Accounting Standards. For a discussionof the composition and usefulness of this non-GAAP measure and a reconciliation to additions to property, plant and mine developmentas set out in the consolidated statements of cash flows, see "Note Regarding Certain Measures of Performance" below.

Net Income

Third Quarter of 2025

◦

Net income increased when compared to the prior-year period primarily due to record operating marginsresulting from higher realized gold prices, partially offset by higher income and mining taxes, higher amortization of property, plantand mine development and losses on derivative financial instruments (compared to gains in the prior-year period)

◦

During the third quarter of 2025, the Company sold 38,002,589 common shares of Orla Mining Ltd. at a priceof C$14.75 per common share for total consideration of C$560 million ($405 million). A realized mark-to-market gain on the dispositionof shares of $271 million was recognized through Other Comprehensive Income, while a loss on the sale of shares resulting from the discountto the market price of $34 million was recognized in net income

◦

Net income of $1,055 million ($2.10 per share) includes the following items (net of tax): discount tomarket price on the disposition of interest in Orla Mining Ltd. and related transaction costs of $40 million ($0.08 per share), foreigncurrency translation gains on deferred tax liabilities and other tax adjustments of $20 million ($0.04 per share), net losses onderivative financial instruments of $7 million ($0.01 per share), foreign exchange gains of $7 million ($0.01 per share), netasset disposal losses of $4 million ($0.01 per share) and debt extinguishment costs, reclamation and other adjustments totalling$6 million ($0.01 per share). Excluding these items results in adjusted net income of $1,085 million or $2.16 per share

First Nine Months of 2025 – Net income increased when compared to the prior-year period primarilydue to record operating margins resulting from higher realized gold prices and gains on derivative financial instruments (compared tolosses in the prior-year period), partially offset by higher income and mining taxes and higher amortization of property, plant and minedevelopment in the current period

Adjusted EBITDA

Third Quarter of 2025 – Adjusted EBITDA increased when compared to the prior-year period primarilydue to higher revenues from mining operations (higher realized gold prices and higher gold sales), partially offset by higher productioncosts (higher royalty costs) and higher general and administrative expenses (higher stock-based compensation as a result of the appreciationof the share price)

First Nine Months of 2025 – Adjusted EBITDA increased when compared to the prior-year period primarilydue to higher revenues from mining operations (higher realized gold prices), partially offset by lower gold sales, higher production costs(higher royalty costs) and higher general and administrative expenses (higher stock-based compensation as a result of the appreciationof the share price)

Cash Provided by Operating Activities

Third Quarter and First Nine Months of 2025 – Cash provided by operating activities and cash providedby operating activities before changes in non-cash working capital balances increased when compared to the prior-year periods primarilydue to the reasons described above related to the increases in adjusted EBITDA. Cash provided by operating activities benefited from favourablechanges in non-cash working capital balances, primarily due to an increase in the accrued taxes payable as a result of higher operatingmargins

Free Cash Flow Before Changes in Non-cash WorkingCapital Balances

Third Quarter and First Nine Months of 2025 – Free cash flow before changes in non-cash workingcapital balances was a record and increased when compared to the prior-year periods due to the reasons described above related to cashprovided by operating activities, partially offset by higher additions to property, plant and mine development

Capital Expenditures

In the third quarter of 2025, capital expenditureswere $557 million and capitalized exploration expenditures were $87 million, for a total of $644 million. For the first nine months of2025, capital expenditures were $1,371 million and capitalized exploration expenditures were $230 million, for a total of $1,601 million.Total capital expenditures for 2025 (including capitalized exploration) are expected to remain in line with full year guidance as setout in the 2025 Guidance Summary below.

The table below sets out a summary of capitalexpenditures, in each case broken down between sustaining capital expenditures and development capital expenditures, and capitalized explorationby mine in the third quarter of 2025 and the first nine months of 2025.

Summary of Capital Expenditures*

(thousands)

		Capital Expenditures**				Capitalized Exploration
		Three Months Ended		Nine Months Ended		Three Months Ended		Nine Months Ended
		Sep 30, 2025		Sep 30, 2025		Sep 30, 2025		Sep 30, 2025
Sustaining Capital Expenditures
LaRonde	$	17,226	$	55,131	$	1,080	$	3,079
Canadian Malartic		34,600		87,637		305		1,618
Goldex		11,461		37,721		351		1,523
Quebec		63,287		180,489		1,736		6,220
Detour Lake		59,473		159,072		—		—
Macassa		13,391		32,121		288		1,035
Ontario		72,864		191,193		288		1,035
Meliadine		22,734		53,203		2,541		4,574
Meadowbank		40,104		97,632		—		—
Nunavut		62,838		150,835		2,541		4,574
Fosterville		16,000		44,615		—		—
Australia		16,000		44,615		—		—
Kittila		16,303		45,302		793		2,402
Finland		16,303		45,302		793		2,402
Pinos Altos		7,216		23,560		676		1,528
Mexico		7,216		23,560		676		1,528
Other		2,111		6,301		339		576
Total Sustaining Capital Expenditures	$	240,619	$	642,295	$	6,373	$	16,335

Development Capital Expenditures
LaRonde	$	18,939	$	54,021	$	—	$	11
Canadian Malartic		78,866		197,827		6,983		19,789
Goldex		5,538		11,169		1,174		2,249
Quebec		103,343		263,017		8,157		22,049
Detour Lake		76,300		188,966		9,122		26,518
Macassa		23,338		65,213		8,752		27,795
Ontario		99,638		254,179		17,874		54,313
Meliadine		28,910		55,361		3,563		12,717
Meadowbank		12,608		15,289		—		—
Nunavut		41,518		70,650		3,563		12,717
Fosterville		8,321		23,094		2,680		8,080
Australia		8,321		23,094		2,680		8,080
Kittila		409		346		1,767		4,776
Finland		409		346		1,767		4,776
Pinos Altos		1,001		3,917		9		32
San Nicolas (50%)		2,566		6,613		—		—
Mexico		3,567		10,530		9		32
Other		59,258		107,108		46,759		111,521
Total Development Capital Expenditures	$	316,054	$	728,924	$	80,809	$	213,488
Total Capital Expenditures	$	556,673	$	1,371,219	$	87,182	$	229,823

Capital expenditures is a non-GAAP measure that is not a standardized financial measure under IFRS AccountingStandards. For a discussion of the composition and usefulness of this non-GAAP measure and a reconciliation to additions to property,plant and mine development as set out in the consolidated statements of cash flows, see "Note Regarding Certain Measures of Performance"below.

Excludes capitalized exploration

2025 Guidance Reiterated

In the first nine months of 2025, the Companyachieved approximately 77% of the mid-point of its full-year gold production guidance, while achieving total cash costs per ounce at themid-point of guidance. Based on this performance, the Company expects to meet its gold production guidance for the full year 2025. Ifgold prices remain elevated for the remainder of 2025, total cash costs per ounce and AISC per ounce in 2025 are expected to trend towardsthe top end of the guidance ranges of $915 to $965 and $1,250 to $1,300, respectively, reflecting the strong commodity price environmentand associated royalty costs impact. Total capital expenditures (including capitalized exploration) guidance for 2025 remains unchanged.

A summary of the Company's guidance is set outbelow.

2025 Guidance Summary

(millions, unless otherwise stated)

	2025						2025
	Range						Mid-Point
Gold production (ounces)		3,300,000			3,500,000			3,400,000
Total cash costs per ounce	$	915		$	965		$	940
AISC per ounce	$	1,250		$	1,300		$	1,275

Exploration and corporate development expense	$	215		$	235		$	225
Depreciation and amortization expense	$	1,550		$	1,750		$	1,650
General & administrative expense*	$	190		$	210		$	200
Other costs	$	105		$	115		$	110

Tax rate (%)		33	%		38	%		35	%
Cash taxes	$	1,100		$	1,200		$	1,150

Capital expenditures (excluding capitalized exploration)	$	1,750		$	1,950		$	1,850
Capitalized exploration	$	290		$	310		$	300

General and administrative expense is expected to fluctuate based on changes in the Company's share price,which affect the costs related to stock-based compensation.

Tariffs

On February 1, 2025, the United States introducedtariffs on imports from countries including Canada. In response, the Canadian and other governments announced retaliatory tariffs on importsfrom the United States. In certain cases, the implementation or application of these tariffs has been postponed or modified and exceptionsto such tariffs have been made in respect of certain goods and Canada has now removed many of the counter tariffs it previously announced.However, the international trade disputes set in motion by these tariffs, retaliatory tariffs and other actions remain fluid.

At this time, the Company believes its revenuestructure will be largely unaffected by the tariffs as its gold production is mostly refined in Canada, Australia or Europe. The Companycontinues to review its exposure to the tariffs and trade disputes and its alternatives to inputs sourced from suppliers that are or maybecome subject to the tariffs or other trade disputes. However, approximately 60% of the Company's cost structure relates to labour, contractors,energy and royalties, which are not expected to be directly affected by any of the tariffs or trade disputes. While there is uncertaintyas to whether further tariffs or retaliatory tariffs will be implemented, the quantum of such tariffs, the goods on which they may beapplied and the ultimate effect of tariffs or other trade disputes on the Company's supply chains, the Company continues to monitor developmentsand may take steps to limit the effect of any tariffs or trade disputes on it as may be appropriate in the circumstances. The costs guidanceprovided in this news release does not include any potential impact from such tariffs or trade disputes.

Strengthened Financial Position Driven by StrongFree Cash Flow and Strategic Debt Reduction

Cash and cash equivalents increased by $797 millionfrom the prior quarter primarily due to cash provided by operating activities resulting from strong operating margins (strong operationalperformance and higher realized gold prices), favourable changes in non-cash components of working capital (increase in accrued taxespayable as a result of higher operating margins) and the disposition of the Company's interest in Orla Mining Ltd. for $405 million. Theincrease was offset by $626 million of capital expenditures and by cash used in financing activities as $400 million of debt was repaidduring the third quarter of 2025.

As at September 30, 2025, the Company's totallong-term debt was $196 million. On September 29, 2025, the Company repaid the $50 million 4.15% 2015 senior notes at maturity andalso redeemed the outstanding principal of $350 million of the 2018 senior notes with interest rates ranging from 4.38% to 4.63%. Theaggregate payments were comprised of $50 million of the current portion of long-term debt and $350 million of long-term debt. The repaymentwill reduce interest expense, strengthen the balance sheet and enhance financial flexibility going forward. No amounts were outstandingunder the Company's unsecured revolving bank credit facility as at September 30, 2025 and available liquidity under the facilityremained at approximately $2 billion, not including the uncommitted $1 billion accordion feature.

On August 26, 2025, Moody's Ratings upgradedthe Company's investment grade credit rating to A3 with a Stable Outlook reflecting the Company's strengthening credit profile and conservativefinancial policies. The Company strives to maintain a strong financial position and an investment grade balance sheet.

The Company increased its net cash position from$963 million as at June 30, 2025 to $2,159 million as at September 30, 2025 as a result of the increase in cash and cash equivalentsof $797 million and the reduction of long-term debt of $400 million. The following table sets out the calculation of net cash (debt).

Net Cash Summary

(millions)

	As at			As at
	Sep 30, 2025			June 30, 2025
Current portion of long-term debt	$	—		$	(50	)
Non-current portion of long-term debt		(196	)		(545	)
Long-term debt	$	(196	)	$	(595	)
Cash and cash equivalents		2,355			1,558
Net cash (debt)	$	2,159		$	963

Hedges

The Company's full year 2025 cost guidance isbased on assumed exchange rates of 1.38 C$/US$, 1.08 US$/EUR, 1.50 A$/US$ and 20.00 MXP/US$. The Company has entered into the followinghedge positions based on its currency assumptions for 2025 cost estimates:

Approximately 63% of the remaining estimated Canadian dollar exposure for 2025 is hedged at an averagefloor price providing protection in respect of exchange rate movements below 1.37 C$/US$, while allowing for participation in respectof exchange rate movements up to an average of 1.42 C$/US$;

Approximately 32% of the remaining estimated Euro exposure for 2025 is hedged at an average floor priceproviding protection in respect of exchange rate movements above 1.10 US$/EUR, while allowing for participation in respect of exchangerate movements down to an average of 1.07 US$/EUR;

Approximately 53% of the remaining estimated Australian dollar exposure for 2025 is hedged at an averagefloor price providing protection in respect of exchange rate movements below 1.50 A$/US$, while allowing for participation in respectof exchange rate movements up to an average of 1.70 A$/US$; and

Approximately 45% of the remaining estimated Mexican peso ("MXN") exposure for 2025 is hedgedat an average floor price providing protection in respect of exchange rate movements below 19.50 MXP/US$, while allowing for participationin respect of exchange rate movements up to an average of 24.00 MXP/US$.

With the 2025 sealift purchases at the Company'sNunavut operations largely completed, approximately 41% of the Company's remaining estimated diesel exposure for 2025 is hedged at anaverage benchmark price of $0.70 per litre (excluding transportation and taxes), which is expected to reduce the Company's exposure todiesel price volatility for 2025. The Company's full year 2025 cost guidance is based on an assumed diesel benchmark price of $0.78 perlitre (excluding transportation and taxes).

The Company will continue to monitor market conditionsand anticipates continuing to opportunistically add to its operating currency and diesel hedges to strategically support its key inputcosts for the balance of 2025. Current hedging positions are not factored into 2025 or future guidance.

Shareholder Returns

Dividend Record and Payment Dates for the Fourth Quarter of 2025

The Company's Board of Directors has declareda quarterly cash dividend of $0.40 per common share, payable on December 15, 2025 to shareholders of record as of December 1,2025. Agnico Eagle has declared a cash dividend every year since 1983.

Expected Dividend Record and Payment Datesfor the 2025 Fiscal Year

Record Date	Payment Date
February 28, 2025*	March 14, 2025*
May 30, 2025*	June 16, 2025*
September 2, 2025*	September 15, 2025*
December 1, 2025**	December 15, 2025**

Paid

Declared

Dividend Reinvestment Plan

For information on the Company's dividend reinvestmentplan, see: Dividend Reinvestment Plan.

International Dividend Currency Exchange

For information on the Company's internationaldividend currency exchange program, please contact Computershare Trust Company of Canada by phone at 1.800.564.6253 or online at www.investorcentre.comor www.computershare.com/investor.

Normal Course Issuer Bid

The Company believes that its NCIB is a flexibleand complementary tool that, together with the quarterly dividend, is part of the Company's overall capital allocation program and generatesvalue for shareholders. Under the NCIB, the Company is authorized to purchase up to $1 billion of its common shares, subject to a maximumof 5% of the issued and outstanding common shares. Purchases under the NCIB may continue for up to one year from its commencement on May 4,2025. In the third quarter of 2025, the Company repurchased 1,005,577 common shares under the NCIB at an average share price of $149.02for aggregate consideration of $150 million. In the first nine months of 2025, the Company repurchased 2,330,112 common shares under theNCIB at an average share price of $128.66 for aggregate consideration of $300 million.

Update on Key Value Drivers and Pipeline Projects

Canadian Malartic

The Company continues to advance the transitionto underground mining with the construction of the Odyssey mine and is working on several opportunities with the goal to potentially growannual production at Canadian Malartic to one million ounces per year in the 2030s. These opportunities include the potential for (i) asecond shaft at Odyssey, (ii) the development of a satellite open pit at Marban and (iii) the development of the Wasamac undergroundproject. Marban and Wasamac are located approximately 12 kilometres and 100 kilometres from the Canadian Malartic mill, respectively.

Odyssey

In the third quarter of 2025, mine developmentadvanced by 4,770 metres, with a focus on the development of the East Gouldie production levels. The breakthrough of the ramp to the mid-shaftloading station at level 102 was completed in the third quarter of 2025, and the main ramp toward shaft bottom progressed to a depth of1,059 metres as at September 30, 2025.

At East Gouldie, preparatory work, including theinstallation of the paste distribution infrastructure and essential services, progressed on schedule for the planned production start-upin the second half of 2026. Development of the main ventilation system advanced with the excavation of the main raise ongoing, reachinglevel 58, where construction of the main exhaust fan rooms began.

Excavation and construction of the first loadingstation between levels 102 and 114 were completed in July 2025, ahead of schedule. Conventional shaft sinking activities resumedin August, achieving a record monthly average of 2.32 metres per day in September. As at September 30, 2025, the shaft reached adepth of 1,348 metres.

The Company has approved the extension of theshaft #1 by 70 metres to a depth of 1,870 metres, the relocation of the loading station at shaft bottom to level 181 from level 174 andthe addition of a loading station at level 146. The engineering for this new layout commenced in the third quarter of 2025 and the excavationof the second loading station is now expected to begin in early 2026. This adjustment is expected to improve operational flexibility andefficiency in the early 2030s, reduce reliance on truck haulage, and further unlock the significant exploration potential at depth.

Construction of key surface infrastructure progressedon schedule and on budget. The shaft ventilation system at the main hoist building was completed and is now being commissioned. Fabricationof the production hoist is underway in Germany, with delivery expected in 2026. Construction progressed on phase two of the paste plant(design capacity of 20,000 tpd) and is expected to be completed in 2027.

In exploration drilling at the Odyssey mine andsurrounding near-mine exploration properties during the third quarter of 2025, 13 underground rigs and 16 surface rigs drilled a totalof 87,891 metres (239,829 metres year-to-date). The drilling program at Odyssey targeted the upper eastern, lower eastern and lower westernextensions of the East Gouldie deposit, the new Eclipse zone and portions of the Odyssey deposit near the Odyssey shaft. Regional explorationwas focused on the 16-kilometre long land package around the mine, with additional activities conducted on the Marban land package locatedimmediately northeast of the Canadian Malartic property.

Drilling in the upper eastern extension of EastGouldie near the current shaft and ramp infrastructure was highlighted by hole UGEG-075-056 intersecting 4.8 g/t gold over 25.4 metresat 884 metres depth, including 12.0 g/t gold over 7.0 metres at 881 metres depth and hole UGEG-075-054 intersecting 5.5 g/t gold over15.4 metres at 907 metres depth, including 8.2 g/t gold over 8.0 metres at 905 metres depth.

The Company believes this area of East Gouldiehas the potential to add indicated mineral resources and potentially mineral reserves to East Gouldie by year-end. The drilling successshould benefit the ramping up of mining operations and provide additional flexibility in mine development at East Gouldie, including apotential second mining area in the upper part of the mine.

Drilling into the lower eastern extension of theEast Gouldie deposit beyond the current mineralized envelope was highlighted by hole MEX24-322WBZA intersecting 2.3 g/t gold over 29.9metres at 1,991 metres depth including 4.0 g/t gold over 11.3 metres at 2,001 metres depth. These results continue to extend East Gouldieat depth and to the east and are expected to contribute additional inferred mineral resources in this portion of the deposit at year-end2025.

In the lower western extension of East Gouldieapproximately 1.5 kilometres west of hole MEX24-322WBZA, hole MEX25-337 intersected 2.0 g/t over 51.8 metres at 1,531 metres depth andhole MEX25-337W intersected 3.3 g/t gold over 21.6 metres at 1,352 metres depth, including 6.2 g/t Au over 7.7 metres at 1,353 metresdepth.

In the sub-parallel Eclipse zone approximately300 metres to the north of East Gouldie, hole MEX25-309WZ returned 3.9 g/t gold over 10.1 metres at 1,057 metres depth, further increasingthe confidence in the geological understanding of the zone and its potential to add significant mineral resources near planned mine infrastructure.

Drilling into the Odyssey deposit returned highlightsthat included: hole MEV25-304 intersecting 3.6 g/t gold over 14.0 metres at 250 metres depth in the shallow eastern extension of the OdysseySouth zone; hole UGOD-075-032 intersecting 3.6 g/t gold over 14.3 metres at 810 metres depth and 10.7 g/t gold over 5.3 metres at 822metres depth in the Odyssey internal zones; and hole UGOD-075-043 intersecting 3.3 g/t gold over 13.3 metres at 943 metres depth in theOdyssey North zone.

Selected recent drill intersections from Odyssey are set out in thecomposite longitudinal section below and in Appendix A.

[Odyssey – Composite Crossand Longitudinal Sections]

Marban

As part of the Company's "fill-the-mill"strategy at the Canadian Malartic complex, the Marban property, located immediately northeast of the Canadian Malartic property, was acquiredin March 2025 as an advanced exploration project that could potentially support an open pit mining operation similar to the Barnatopen pit operation at Canadian Malartic.

Drilling at the Marban project by the Companybegan in May 2025 with 96 holes totalling 31,000 metres completed at the end of the third quarter. The objective of the program in2025 is to confirm and extend the Marban gold deposit both within the Marban property and onto Agnico Eagle's adjacent Callahan propertyto the north, south and east, so that any future pit design will not be constrained by property boundary considerations.

Recent drilling into the eastern extension ofhistoric mineral resources at the Marban pit produced highlights that included: hole MRB25-038 intersecting 3.3 g/t gold over 11.4 metres(core length) at 80 metres depth and 4.1 g/t gold over 3.4 metres (core length) at 165 metres depth; and hole MRB25-030 intersecting 4.3g/t gold over 5.5 metres at 309 metres depth and 4.6 g/t gold over 10.9 metres at 384 metres depth.

Selected recent drill intersections from Marbanare set out in the composite longitudinal section below and in Appendix A.

[Marban – Composite Longitudinal Section]

Detour Lake

Excavation of the exploration ramp commenced withthe first blast completed on July 3, 2025. The exploration ramp advanced by 259 metres and reached a depth of 43 metres as at September 30,2025. The Company is focused on advancing the ramp toward the West Extension zone, where a bulk sample is planned from domain 54 at Level200 in the first half of 2027. In the third quarter of 2025, the underground project engineering advanced with emphasis on the electricaldistribution, the portal for the conveyor ramp and major surface and underground infrastructure.

Exploration drilling at Detour Lake during thethird quarter of 2025 totalled 60,000 metres (162,500 metres year-to-date) of a planned 223,500 metres in 2025, which includes a supplementalbudget of $9.4 million approved in the third quarter of 2025 for an additional 55,000 metres of capitalized drilling. The explorationprogram continued to focus on infill drilling into the high-grade corridor at underground depths in the West Pit zone and infill drillinginto the West Extension zone at underground depths west of the West Pit mineral resources and next to the exploration ramp currently underdevelopment for the underground project. These results further strengthen the mineralization model supporting the underground projectwest of and under the open pit at Detour Lake.

The drilling into the high-grade corridor in theWest Pit zone during the third quarter further defined the high-grade domains that could potentially be mined earlier in the undergroundproject within the larger lower grade envelope and further validated the current geological interpretation of the high-grade corridor.

Highlight hole DLM25-1163 intersected multiplemineralized domains in the high-grade corridor including 17.2 g/t gold over 3.3 metres at 486 metres depth, 2.1 g/t gold over 34.5 metresat 518 metres depth, including 4.0 g/t gold over 10.3 metres at 523 metres depth, 10.2 g/t gold over 2.8 metres at 595 metres depth, 8.0g/t gold over 15.0 metres at 746 metres depth, including 27.0 g/t gold over 4.7 metres at 750 metres depth, 5.4 g/t gold over 13.2 metresat 783 metres depth and 5.3 g/t gold over 4.7 metres at 806 metres depth.

Approximately 1.6 kilometres west of hole DLM25-1163and within the high-grade corridor, hole DLM25-1164 intersected 2.7 g/t gold over 55.7 metres at 297 metres depth, including 11.8 g/tgold over 9.0 metres at 313 metres depth, and 4.6 g/t gold over 12.4 metres at 381 metres depth.

Drilling into the West Extension zone in the westernportion of current underground mineral resources further confirmed the grades and continuity of mineralization in the western plunge ofthe deposit, with highlights that included hole DLM25-1179B intersecting 7.4 g/t gold over 26.8 metres at 538 metres depth, including10.3 g/t gold over 3.1 metres at 526 metres depth and 23.6 g/t gold over 6.3 metres at 542 metres depth; and hole DLM25-1162 intersecting0.8 g/t gold over 108.6 metres at 575 metres depth.

Selected recent drill intersections from DetourLake are set out in the composite longitudinal section below and in Appendix A.

[Detour Lake – Composite LongitudinalSection]

Upper Beaver

In the third quarter of 2025, the shaft head framewas completed with the final installation of structural steel and cladding. Rope installation for the winches and service hoist in thehoist room is now complete, the service hoist is ready for commissioning and shaft sinking is scheduled to begin in the fourth quarterof 2025. In the advanced exploration phase, the Company plans to sink the shaft to a depth of 760 metres in the first half of 2027 inorder to establish underground drilling platforms and to collect a bulk sample.

At the ramp portal, excavation of the explorationramp commenced with the first blast completed in July 2025. The exploration ramp advanced by 268 metres and reached a depth of 22metres as at September 30, 2025. The Company intends to advance the exploration ramp to a depth of 160 metres by the second halfof 2026 to collect a bulk sample.

At the water treatment plant, piping and electricalinstallations are completed, with commissioning also expected in the fourth quarter of 2025.

Hope Bay

In the third quarter of 2025, excavation of theNaartok East exploration ramp at Madrid advanced by 580 metres and reached a depth of 62 metres as at September 30, 2025. The 2.1-kilometreexploration ramp is expected to be developed to a depth of 100 metres to facilitate infill and expansion drilling along the Madrid zones.

During the quarter, the Company advanced sitepreparations for potential redevelopment. At Doris, the first new camp wing was completed and delivered and the second new wing is inplace, with completion expected in the fourth quarter of 2025. At Robert's Bay, the jetty expansion was finalized ahead of the 2025 sealiftseason. The mill was fully dismantled, with major components readied for shipment. As part of the dismantling of the mill, 2,442 ouncesof gold were recovered and sold in the third quarter of 2025. Additional construction equipment and service infrastructure were mobilizedand shipped to site.

The technical evaluation for a larger productionscenario and detailed engineering advanced during the quarter, with study completion targeted for the first half of 2026, when engineeringprogress is expected to reach approximately 40%.

Exploration drilling at Hope Bay during the thirdquarter of 2025 totalled 34,971 metres (103,815 metres year-to-date) with a continued focus on mineral resource expansion and conversionof the Patch 7 zone in the Madrid deposit. Results continued to demonstrate continuity within the known zones at Madrid and support thepotential for mineral resource expansion at depth and along strike in both directions.

Highlights included: HBM25-381 intersecting 16.9g/t gold over 4.6 metres at 866 metres depth, including 50.0 g/t gold over 0.85 metres at 865 metres depth in one of the deepest interceptsof Patch 7 to date; hole HBM25-364, located 650 metres south of hole HBM25-381, intersecting 12.7 g/t gold over 9.3 metres at 834 metresdepth; and hole HBM25-354, located a further 720 metres south of hole HBM25-364, intersecting 10.7 g/t gold over 3.8 metres at 348 metresdepth in the southernmost portion of Patch 7, which remains open in this area to the south and at depth.

Drilling into parallel eastern mineralized shearzones within Patch 7 was highlighted by hole HBM25-367 intersecting 6.7 g/t gold over 10.8 metres at 374 metres depth and 8.9 g/t goldover 3.7 metres at 386 metres depth; and hole HBM25-365 intersecting 6.0 g/t gold over 9.8 metres at 486 metres depth.

Selected recent drill intersections from the Madriddeposit are set out in the composite longitudinal section below and in Appendix A.

[Madrid Deposit at Hope Bay – CompositeLongitudinal Section]

With helicopter-supported drilling completed forthe season, land-based exploration drilling at Madrid is ongoing and will continue through the winter into 2026. This work will furthertest deeper areas within the Patch 7 and Suluk zones, as well as the southern trend of the Madrid deposit along Patch Lake, includingthe Patch 14 zone.

San Nicolas Copper Project (50/50 joint venture with Teck ResourcesLimited)

In the third quarter of 2025, Minas de San Nicolasadvanced the feasibility study and execution strategy, with engineering expected to be 30% complete by year end. Engagement with governmentauthorities and stakeholders continued to support the review of both the MIA-R (Environmental Impact Assessment) and ETJ (Land Use Change)permits. Engineering of the critical infrastructure remains a priority to continue building confidence in the study, reduce executionrisk and prepare for a potential approval decision.

During the quarter, drilling activities also progressed,focusing on condemnation drilling and geological evaluation near the projected mine area.

Third Quarter 2025 Sustainability Highlights

Triple Platinum Win for the Arctic Edge podcast – The Company is proud to have released aspecial podcast series, The Arctic Edge: Stories from Canada's Frontier, focused on stories and interviews that celebrate the uniqueidentity of Nunavut and the broader Canadian North. It explores the region's social, economic and environmental opportunities and responsibilities,highlighting the importance of sustainable change with a goal to inspire a deeper appreciation for the North's rich heritage and its immensepotential. In recognition of its excellence in quality, creativity and resourcefulness, the podcast won the following three Platinum MarComAwards administered by the Association of Marketing and Communication Professionals:

◦

Outstanding podcast production

◦

Web element: podcast

◦

Educational podcast series

The Company extends its gratitude toits production collaborators as well as the valued guests who generously shared their stories

Recipient of the 2025 Silver Helmet Award – The Chamber of Mining of Mexico (CAMIMEX) grantedLa India the 2025 Silver Helmet Award in the open pit mine category in recognition of its excellence in mine safety standards

Launch of the Macassa Mining School – The Macassa Mining School is an in-house training programthat provides mentorship from experienced industry professionals and hands-on learning to build technical skills for a career in undergroundmining. The program was launched in September 2025 with an initial cohort of eight participants (38% identifying as First Nations)

Reorganization of Non-Core Investments in CriticalMinerals

The development of critical minerals has emergedas a global priority, one which offers Canada a unique opportunity to diversify its mineral resource base and strengthen its economicresilience. Recognizing the significant potential of critical minerals, the Company deployed a small (3-person), dedicated team to evaluatecritical mineral projects over the past three years. Consistent with its early-stage investment strategy, the Company has made small,early-stage investments in a number of non-gold and non-copper projects over that period to gain insight into critical mineral projectsand potential partners.

The Company believes it is the right time to reorganizethese non-core investments under a new entity and has approved the establishment of Avenir Minerals Limited ("Avenir"), whichwill be a subsidiary of Agnico Eagle. Avenir will be dedicated to evaluating and advancing critical mineral opportunities in the regionsin which Agnico Eagle operates, with an initial geographic focus on Canada. This initiative will allow the Company to maintain its disciplinedfocus on its core operations while exploring opportunities to enhance long-term shareholder value.

The Company expects to contribute its portfolioof non-gold and non-copper strategic investments, which have a current aggregate market value of approximately $80 million, as well as$50 million in cash as funding for Avenir. While the Company is not committed to additional funding of Avenir, it will retain a rightof first refusal on future investment opportunities and may contribute additional capital in the future. Avenir is expected to becomean independent and self-sustaining entity with a mandate to pursue strategic partnerships and government support to help fund and advancefuture opportunities.

By formalizing its critical minerals strategythrough the establishment of Avenir, the Company aims to realize value from early-stage assets and opportunities. This initiative reflectsthe Company's disciplined approach to capital allocation while preserving optionality in the long-term potential of critical minerals.

ABITIBI REGION, QUEBEC

Strong Operational Performance Continues toDrive Gold Production; Record Throughput at Goldex for Second Consecutive Quarter

Abitibi Quebec – Operating Statistics

Three Months Ended September 30, 2025	LaRonde		Canadian Malartic		Goldex		Consolidated Abitibi Quebec
Tonnes of ore milled (thousands)		764		5,091		843		6,698
Tonnes of ore milled per day		8,304		55,337		9,163		72,804
Gold grade (g/t)		3.54		1.05		1.26		1.36
Gold production (ounces)		81,522		156,875		29,375		267,772
Production costs per tonne (C$)	C$	128	C$	33	C$	59	C$	47
Minesitecosts per tonne (C$)⁹	C$	157	C$	41	C$	63	C$	57
Production costs per ounce	$	868	$	793	$	1,224	$	863
Total cash costs per ounce	$	926	$	959	$	1,076	$	962

Nine Months Ended September 30, 2025	LaRonde		Canadian Malartic		Goldex		Consolidated Abitibi Quebec
Tonnes of ore milled (thousands)		2,113		14,919		2,454		19,486
Tonnes of ore milled per day		7,740		54,648		8,989		71,377
Gold grade (g/t)		4.15		1.11		1.38		1.47
Gold production (ounces)		264,265		489,179		92,509		845,953
Production costs per tonne (C$)	C$	160	C$	33	C$	62	C$	51
Minesite costs per tonne (C$)	C$	163	C$	43	C$	63	C$	58
Production costs per ounce	$	913	$	734	$	1,171	$	838
Total cash costs per ounce	$	822	$	919	$	997	$	897

See the MD&A under the caption "Financialand Operating Results" for a variance analysis on gold production, production costs, minesite costs per tonne and total cash costsper ounce compared to the prior-year periods.

Regional Highlights

Gold production in the quarter was higher than planned primarily as a result of higher throughput at theLaRonde mine and higher grades at the Barnat pit at Canadian Malartic. The higher throughput at LaRonde was primarily due to strong undergroundhauling and hoisting performance at LaRonde and additional tonnage mined and processed from LZ5. The higher gold grades at Canadian Malarticwere a result of the continued mining of mineralized zones near historical underground stopes in the Barnat pit that returned higher gradesthan anticipated

At LZ5, the Company continued its automation initiatives and achieved its automation targets. Approximately20% of the ore hauled to surface was moved using automated scoops and trucks, contributing to the strong overall performance of the siteat an average of 3,600 tpd, above the production target of 3,500 tpd for the third quarter of 2025

⁹ Minesite costs per tonne is a non-GAAP measure that isnot standardized under IFRS Accounting Standards and is reported on a per tonne of ore milled basis. For a description of the compositionand usefulness of this non-GAAP measure and a reconciliation to production costs see "Note Regarding Certain Measures of Performance"below.

At Odyssey, total development during the quarter was approximately 4,770 metres, including record developmentin September of approximately 1,660 metres. Gold production was slightly ahead of plan at approximately 22,400 ounces driven by higherore mined of approximately 3,634 tpd compared to the target of 3,500 tpd

At Goldex, record quarterly tonnage was processed for the second consecutive quarter at approximately844,000 tonnes, driven by record total tonnage processed from Akasaba West

Canadian Malartic has a planned shutdown of four to five days for regular maintenance at the mill in thefourth quarter of 2025

An update on Odyssey and the "fill-the-mill" strategy is set out in the Update on Key ValueDrivers and Pipeline Projects section above

ABITIBI REGION, ONTARIO

Record Quarterly Mill Throughput at DetourLake; Higher Grades Drive Strong Production at Macassa

Abitibi Ontario – Operating Statistics

Three Months Ended September 30, 2025	Detour Lake		Macassa		Consolidated Abitibi Ontario
Tonnes of ore milled (thousands)		7,351		133		7,484
Tonnes of ore milled per day		79,902		1,446		81,348
Gold grade (g/t)		0.82		18.95		1.14
Gold production (ounces)		176,539		78,832		255,371
Production costs per tonne (C$)	C$	28	C$	510	C$	37
Minesite costs per tonne (C$)	C$	28	C$	547	C$	37
Production costs per ounce	$	856	$	617	$	783
Total cash costs per ounce	$	831	$	659	$	778

Nine Months Ended September 30, 2025	Detour Lake		Macassa		Consolidated Abitibi Ontario
Tonnes of ore milled (thousands)		20,817		424		21,241
Tonnes of ore milled per day		76,253		1,553		77,806
Gold grade (g/t)		0.83		18.98		1.19
Gold production (ounces)		497,649		252,224		749,873
Production costs per tonne (C$)	C$	29	C$	484	C$	38
Minesite costs per tonne (C$)	C$	30	C$	537	C$	40
Production costs per ounce	$	859	$	582	$	766
Total cash costs per ounce	$	894	$	643	$	810

See the MD&A under the caption "Financialand Operating Results" for a variance analysis by minesite on gold production, production costs, minesite costs per tonne and totalcash costs per ounce compared to the prior-year periods.

Regional Highlights

Gold production in the quarter was in line with plan at both Macassa and Detour Lake. At Macassa, goldgrades were higher than anticipated as a result of positive grade reconciliation and a change in mine sequencing, offsetting lower millthroughput caused by restriction at the mill from an unplanned downtime of the secondary mill in August 2025. The mill returned tonormal operating levels by quarter-end

At Detour Lake, the mill achieved record quarterly throughput of approximately 79,900 tpd, driven by optimizationinitiatives and record run-time as no major shutdown was planned in the quarter. The higher throughput offset lower gold grades, whichresulted from processing supplemental ore from the low-grade stockpile. The open pit mining rate was affected by slower progress aroundthe historical underground workings, which resulted in lower-than-planned run-of-mine ore tonnes. The grade profile is expected to improvein the fourth quarter of 2025 based on the planned mining sequence

At Macassa, construction of the new paste plant continued during the third quarter of 2025 and is essentiallycomplete. Operational readiness and testing are ongoing with completion expected in December 2025

Detour Lake completed a major shutdown of seven days for regular mill maintenance in October 2025.Macassa has scheduled a major shutdown of five days for the primary grinding mill liner replacement, the annual overhaul of the crusherand other regular mill maintenance in the fourth quarter of 2025

Updates on the Detour Lake underground and Upper Beaver projects are set out in the Update on Key ValueDrivers and Pipeline Projects section above

NUNAVUT

Gold Production Driven by Record QuarterlyTonnes Processed at Meliadine and Meadowbank; Drilling at IVR and Whale Tail Continues to Demonstrate Continuity of High-Grade Mineralization

Nunavut – Operating Statistics

Three Months Ended September 30, 2025	Meliadine		Meadowbank		Consolidated Nunavut
Tonnes of ore milled (thousands)		627		1,177		1,804
Tonnes of ore milled per day		6,815		12,793		19,608
Gold grade (g/t)		4.83		3.96		4.26
Gold production (ounces)		93,836		136,152		229,988
Production costs per tonne (C$)	C$	187	C$	191	C$	190
Minesite costs per tonne (C$)	C$	234	C$	194	C$	208
Production costs per ounce	$	913	$	1,200	$	1,083
Total cash costs per ounce	$	1,128	$	1,192	$	1,166

Nine Months Ended September 30, 2025		Meliadine		Meadowbank		Consolidated Nunavut
Tonnes of ore milled (thousands)		1,730		2,906		4,636
Tonnes of ore milled per day		6,337		11,813		18,150
Gold grade (g/t)		5.26		4.45		4.75
Gold production (ounces)		282,611		378,213		660,824
Production costs per tonne (C$)	C$	228	C$	190	C$	204
Minesite costs per tonne (C$)	C$	239	C$	189	C$	207
Production costs per ounce	$	1,000	$	1,048	$	1,027
Total cash costs per ounce	$	1,050	$	1,036	$	1,042

Regional Highlights

Gold production in the quarter was better than planned as a result of record throughput at both the Meliadineand Meadowbank mills, partially offset by lower than expected grades at Meliadine

At Meliadine, the mill achieved record quarterly throughput of 6,815 tpd as a result of mill optimizationinitiatives after the completion of the Phase 2 mill expansion. Gold grades were lower in the quarter as a result of stope sequencingand the processing of stockpiles at an average lower grade than planned

At Meadowbank, the mill achieved record quarterly throughput of 12,793 tpd. The mill throughput duringthe quarter benefited from additional ore stockpiled in the previous quarter during the mill shutdowns caused by a longer-than-expectedcaribou migration

In the fourth quarter of 2025, Meliadine has a four-day scheduled shutdown for regular mill maintenance.Meadowbank has a five-day scheduled major shutdown to replace the SAG and ball mill liners and complete other regular mill maintenance

An update on Hope Bay is set out in the Update on Key Value Drivers and Pipeline Projects section above

Exploration Highlights at Amaruq

Exploration drilling totalling 80 holes (28,747 metres) was completed at Amaruq during 2024 and the firstthree quarters of 2025 to confirm and extend mineral resources near surface at the IVR Zone and at depth in the IVR and Whale Tail zonesas part of the evaluation of mining scenarios that could potentially extend the life of mine at Amaruq at relatively low geological riskand low capital outlay

At shallow depth in the IVR Zone, drilling was completed mostly within the IVR pit footprint to potentiallyadd mineral reserves and mineral resources and investigate a pit pushback that could potentially extend the life of mine. Highlights includedhole AMQ24-3190 intersecting 21.0 g/t gold over 4.3 metres at 172 metres depth and hole AMQ24-3191 intersecting 14.8 g/t gold over 5.6metres at 177 metres depth

In the deep extensions of the IVR Zone below current mineral resources, the drilling had the objectiveof potentially adding mineral resources at depth, with highlights that included hole AMQ24-3105A intersecting 9.2 g/t gold over 7.5 metresat 826 metres depth and hole AMQ24-3091B intersecting 6.0 g/t gold over 16.2 metres at 873 metres depth, including 10.2 g/t gold over4.9 metres at 879 metres depth

The deep drilling of the Whale Tail Zone had the objective of converting inferred mineral resources andadding inferred mineral resources at greater depths, where the zone remains open laterally and at depth. Highlights included: conversionhole AMQ25-3221B intersecting 12.8 g/t gold over 4.1 metres at 547 metres depth and 4.5 g/t gold over 6.2 metres at 620 metres depth;and, below current mineral resources, hole AMQ25-3215B intersecting 8.4 g/t gold over 7.9 metres at 774 metres depth and hole AMQ24-3157intersecting 11.8 g/t gold over 4.6 metres at 890 metres depth

The recent conversion and exploration drilling completed at the IVR and Whale Tail zones has demonstratedthe grade and thickness continuity of high-grade mineralization at both shallow and underground depths and improved confidence in thegeological model of both zones. The Company anticipates adding mineral reserves at shallow depths and mineral resources at shallow andunderground depths in these areas at year-end 2025, and will provide an update on potential mine-life extension for the Amaruq mine inthe first quarter of 2026

Selected drill intersections from the Amaruq depositfrom 2024 and 2025 are set out in the composite longitudinal section below and in Appendix A.

[Amaruq – Composite LongitudinalSection]

AUSTRALIA

Quarterly Gold Production on Target; PrimaryFans Transition to Underground Substantially Complete

Fosterville – Operating Statistics	ThreeMonths Ended September 30, 2025		NineMonths Ended September 30, 2025
Tonnes of ore milled (thousands)		198		549
Tonnes of ore milled per day		2,152		2,011
Gold grade (g/t)		5.76		7.56
Gold production (ounces)		34,966		128,155
Production costs per tonne (A$)	A$	295	A$	307
Minesite costs per tonne (A$)	A$	289	A$	315
Production costs per ounce	$	1,088	$	851
Total cash costs per ounce	$	1,066	$	870

Highlights

Gold production for the quarter was in line with plan, with gold grades aligning with annual guidancefollowing stronger than expected performance in the first half of the year

The Company is implementing an upgrade of the primary ventilation system to sustain the mining rate inthe Lower Phoenix zones in future years. Construction and equipment installation progressed in the main fan chambers, with civil workscompleted and major components installed and electrical work underway. Equipment installation and commissioning is expected to be completedin the first quarter of 2026

Fosterville has scheduled a five-day shutdown for regular mill maintenance in the fourth quarter of 2025

FINLAND

Three Million Ounce Milestone Achieved with Strong Quarterly GoldProduction; Optimization Initiatives Continue to Realize Cost Benefits

Kittila – Operating Statistics	ThreeMonths Ended September 30, 2025		NineMonths Ended September 30, 2025
Tonnes of ore milled (thousands)		558		1,562
Tonnes of ore milled per day		6,065		5,722
Gold grade (g/t)		3.91		3.91
Gold production (ounces)		57,954		162,415
Production costs per tonne (€)	€	95	€	99
Minesite costs per tonne (€)	€	94	€	99
Production costs per ounce	$	1,066	$	1,063
Total cash costs per ounce	$	1,036	$	1,058

Highlights

Gold production in the quarter was in line with plan, with higher mill throughput driven by improved millruntime and strong mine performance, offsetting the lower gold grades. The mine continues to realize productivity gains through sustainedimprovement efforts over the past year. Lower gold grades reflect slight adjustment to the mining sequence

Minesite costs per tonne continue to improve as the benefits of continuous improvement initiatives arerealized. Minesite costs per tonne in the first nine months of 2025 decreased by approximately 6%, from €105 to €99 per tonne,when compared to the prior-year period. This decrease was achieved despite the increase in royalty costs per tonne of approximately €2due to higher gold prices in the first nine months of 2025 compared to the prior-year period

MEXICO

Gold Production in Line with Target, Driven by Solid UndergroundPerformance at Cubiro

Pinos Altos – Operating Statistics	ThreeMonths Ended September 30, 2025		NineMonths Ended September 30, 2025
Tonnes of ore milled (thousands)		431		1,252
Tonnes of ore milled per day		4,685		4,586
Gold grade (g/t)		1.57		1.55
Gold production (ounces)		20,885		59,539
Production costs per tonne	$	129	$	119
Minesite costs per tonne	$	123	$	120
Production costs per ounce	$	2,655	$	2,498
Total cash costs per ounce	$	1,906	$	2,017

About Agnico Eagle

Canadian-based and led, Agnico Eagle is Canada'slargest mining company and the second largest gold producer in the world. It produces precious metals from operations in Canada, Australia,Finland and Mexico and has a pipeline of high-quality exploration and development projects. Agnico Eagle is a partner of choice withinthe mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistentlycreated value for its shareholders, declaring a cash dividend every year since 1983.

About this News Release

Unless otherwise stated, references to "CanadianMalartic", "Goldex", "LaRonde" and "Meadowbank" are to the Company's operations at the Canadian Malarticcomplex, the Goldex complex, the LaRonde complex and the Meadowbank complex, respectively. The Canadian Malartic complex consists of themining, milling and processing operations at the Canadian Malartic mine and the mining operations at the Odyssey mine. The Goldex complexconsists of the mining, milling and processing operations at the Goldex mine and the mining operations at the Akasaba West open pit mine.The LaRonde complex consists of the mining, milling and processing operations at the LaRonde mine and the mining operations at the LaRondeZone 5 mine. The Meadowbank complex consists of the milling and processing operations at the Meadowbank mine and the mining operationsat the Amaruq open pit and underground mines. References to other operations are to the relevant mines, projects or properties, as applicable.

When used in this news release, the terms "including"and "such as" mean including and such as, without limitation.

The information contained on any website linkedto or referred to herein (including the Company's website) is not part of this news release.

Further Information

For further information regarding Agnico Eagle,contact Investor Relations at investor.relations@agnicoeagle.com or call (416) 947-1212.

Note Regarding Certain Measures of Performance

This news release discloses certain financialperformance measures and ratios, including "total cash costs per ounce", "minesite costs per tonne", "all-insustaining costs per ounce" (or "AISC per ounce"), "adjusted net income", "adjusted net income per share", "cash provided by operating activities before changes in non-cash components of working capital", "cash provided by operatingactivities before changes in non-cash components of working capital per share", "EBITDA" which means earnings before interest,taxes, depreciation and amortization, "adjusted EBITDA", "free cash flow", "free cash flow before changes innon-cash components of working capital", "operating margin", "sustaining capital expenditures", "developmentcapital expenditures", "sustaining capitalized exploration", "development capitalized exploration" and "netcash (debt)", as well as, for certain of these measures their related per share ratios that are not standardized measures under IFRSAccounting Standards. These measures and ratios may not be comparable to similar measures and ratios reported by other gold producersand should be considered together with other data prepared in accordance with IFRS Accounting Standards. See below for a reconciliationof these measures to the most directly comparable financial information reported in the condensed interim consolidated financial statementsprepared in accordance with IFRS Accounting Standards.

Total cash costs per ounce and minesitecosts per tonne

Total cash costs per ounce is calculated on aper ounce of gold produced basis and is reported on both a by-product basis (deducting by-product metal revenues from production costs)and a co-product basis (without deducting by-product metal revenues). Total cash costs per ounce on a by-product basis is calculated byadjusting production costs as recorded in the condensed interim consolidated statements of income for by-product revenues, inventory productioncosts, the impact of purchase price allocation in connection with mergers and acquisitions on inventory accounting, realized gains andlosses on hedges of production costs and other adjustments, which include the costs associated with a 5% in-kind royalty paid in respectof certain portions of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respectof Macassa, as well as smelting, refining and marketing charges and then dividing by the number of ounces of gold produced. Given thenature of the fair value adjustment on inventory related to mergers and acquisitions and the use of the total cash costs per ounce measuresto reflect the cash generating capabilities of the Company's operations, the calculation of total cash costs per ounce for Canadian Malartichave been adjusted for the effects of purchase price allocation. Investors should note that total cash costs per ounce is not reflectiveof all cash expenditures, as it does not include income tax payments, interest costs or dividend payments. Total cash costs per ounceon a co-product basis is calculated in the same manner as total cash costs per ounce on a by-product basis, except that no adjustmentis made for by-product metal revenues. Accordingly, the calculation of total cash costs per ounce on a co-product basis does not reflecta reduction in production costs or smelting, refining and marketing charges associated with the production and sale of by-product metals.

Total cash costs per ounce is intended to provideinvestors with information about the cash-generating capabilities of the Company's mining operations. Management also uses these measuresto, and believes they are useful to investors so investors can, understand and monitor the performance of the Company's mining operations.The Company believes that total cash costs per ounce is useful to help investors understand the costs associated with producing gold andthe 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-productbasis 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 thecase of total cash costs per ounce on a by-product basis, by-product metal prices. Management compensates for these inherent limitationsby using, and investors should also consider using, these measures in conjunction with data prepared in accordance with IFRS AccountingStandards and minesite costs per tonne as these measures are not necessarily indicative of operating costs or cash flow measures preparedin accordance with IFRS Accounting Standards. Management also performs sensitivity analyses in order to quantify the effects of fluctuatingmetal prices and exchange rates.

Agnico Eagle's primary business is gold productionand the focus of its current operations and future development is on maximizing returns from gold production, with other metal productionbeing incidental to the gold production process. Accordingly, all metals other than gold are considered by-products.

Unless otherwise indicated, total cash costs perounce is reported on a by-product basis. Total cash costs per ounce is reported on a by-product basis because (i) the majority ofthe Company's revenues are from gold, (ii) the Company mines ore, which contains gold, silver, zinc, copper and other metals, (iii) itis not possible to specifically assign all costs to revenues from the gold, silver, zinc, copper and other metals the Company produces,(iv) it is a method used by management and the Board of Directors to monitor operations, and (v) many other gold producers disclosesimilar measures on a by-product rather than a co-product basis.

Minesite costs per tonne are calculated by adjustingproduction costs as recorded in the condensed interim consolidated statements of income for inventory production costs and other adjustments,and then dividing by tonnage of ore processed. As the total cash costs per ounce can be affected by fluctuations in by–product metalprices and foreign exchange rates, management believes that minesite costs per tonne is useful to investors in providing additional informationregarding the performance of mining operations, eliminating the impact of varying production levels. Management also uses this measureto determine the economic viability of mining blocks. As each mining block is evaluated based on the net realizable value of each tonnemined, in order to be economically viable the estimated revenue on a per tonne basis must be in excess of the minesite costs per tonne.Management is aware, and investors should note, that this per tonne measure of performance can be affected by fluctuations in processinglevels. This inherent limitation may be partially mitigated by using this measure in conjunction with production costs and other dataprepared in accordance with IFRS Accounting Standards.

The following table sets out the production costsper minesite for the three and nine months ended September 30, 2025 and September 30, 2024, as presented in the condensed interimconsolidated statements of income in accordance with IFRS Accounting Standards.

Total Production Costs by Mine

	Three Months Ended September 30,				Nine Months Ended September 30,
*(thousands of United States dollars)*	2025		2024		2025		2024
LaRonde mine	$	46,960	$	74,244	$	172,146	$	193,482
LZ5		23,825		18,916		69,017		58,059
LaRonde		70,785		93,160		241,163		251,541
Canadian Malartic		124,353		128,984		359,025		399,893
Goldex		35,956		34,265		108,302		100,531
Quebec		231,094		256,409		708,490		751,965
Detour Lake		151,199		127,159		427,475		379,366
Macassa		48,652		48,086		146,744		146,763
Ontario		199,851		175,245		574,219		526,129
Meliadine		85,662		75,099		282,577		254,463
Meadowbank		163,403		115,705		396,409		352,881
Nunavut		249,065		190,804		678,986		607,344
Fosterville		38,036		44,346		109,094		114,824
Australia		38,036		44,346		109,094		114,824
Kittila		61,762		59,968		172,659		176,535
Finland		61,762		59,968		172,659		176,535
Pinos Altos		55,443		46,464		148,723		122,980
La India		—		10,417		—		39,445
Mexico		55,443		56,881		148,723		162,425

Corporate and Other		4,070		—		4,070		—

Production costs per the condensed interim consolidated statements of income	$	839,321	$	783,653	$	2,396,241	$	2,339,222

The following tables set out a reconciliationof total cash costs per ounce (on both a by-product basis and co-product basis) and minesite costs per tonne to production costs for thethree and nine months ended September 30, 2025 and September 30, 2024, exclusive of amortization, as presented in the condensedinterim consolidated statements of income in accordance with IFRS Accounting Standards.

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

Three Months Ended September 30, 2025

(thousands, except as noted)

Mine	Payable gold production (ounces)⁽ⁱ⁾		Production costs ($)		Production costs per ounce ($)		Inventory adjustments ($)⁽ⁱⁱ⁾			Realized gains and losses on hedges ($)			In-kind royalty ($)⁽ⁱⁱⁱ⁾		Smelting, refining and marketing charges ($)			Total cash costs per ounce (co-product basis) ($)		By-product metal revenues ($)			Total cash costs per ounce (by-product basis) ($)
LaRonde mine		59,172		46,960		794		19,432			(41	)		—		2,316			1,160		(19,003	)		839
LZ5		22,350		23,825		1,066		1,617			(16	)		—		826			1,175		(395	)		1,157
LaRonde		81,522		70,785		868		21,049			(57	)		—		3,142			1,164		(19,398	)		926
Canadian Malartic		156,875		124,353		793		1,470			(306	)		28,025		6			979		(3,151	)		959
Goldex		29,375		35,956		1,224		2,732			(24	)		—		1,018			1,351		(8,072	)		1,076
Quebec		267,772		231,094		863		25,251			(387	)		28,025		4,166			1,076		(30,621	)		962
Detour Lake		176,539		151,199		856		(15,420	)		(431	)		12,183		1,384			844		(2,205	)		831
Macassa		78,832		48,652		617		(184	)		(57	)		3,878		110			665		(487	)		659
Ontario		255,371		199,851		783		(15,604	)		(488	)		16,061		1,494			788		(2,692	)		778
Meliadine		93,836		85,662		913		20,706			(270	)		—		(126	)		1,129		(158	)		1,128
Meadowbank		136,152		163,403		1,200		1,638			(389	)		—		99			1,210		(2,401	)		1,192
Nunavut		229,988		249,065		1,083		22,344			(659	)		—		(27	)		1,177		(2,559	)		1,166
Fosterville		34,966		38,036		1,088		(597	)		(28	)		—		29			1,071		(158	)		1,066
Australia		34,966		38,036		1,088		(597	)		(28	)		—		29			1,071		(158	)		1,066
Kittila		57,954		61,762		1,066		(415	)		(1,127	)		—		(40	)		1,038		(139	)		1,036
Finland		57,954		61,762		1,066		(415	)		(1,127	)		—		(40	)		1,038		(139	)		1,036
Pinos Altos		20,885		55,443		2,655		(1,704	)		(560	)		—		326			2,562		(13,691	)		1,906
Mexico		20,885		55,443		2,655		(1,704	)		(560	)		—		326			2,562		(13,691	)		1,906

Corporate and Other^(iv)		—		4,070		—		(4,070	)		—			—		—			—		—			—

Consolidated		866,936		839,321		963		25,205			(3,249	)		44,086		5,948			1,051		(49,860	)		994

Notes:

(i)

Gold production for the three months ended September 30, 2025 excludes 945 ounces of payable production of gold at La India and 189 ounces of payable production of gold at Creston Mascota, which were produced from residual leaching as well as 2,442 ounces of gold recovered at Hope Bay.

(ii)

Under the Company's revenue recognition policy, revenue from contracts with customers is recognized upon the transfer of control over metals sold to the customer. As the total cash costs per ounce are calculated on a production basis, an inventory adjustment is made to reflect the portion of production not yet recognized as revenue. Included in inventory adjustments for Canadian Malartic for the three months ended September 30, 2025 is $3.7 million associated with the fair value allocated to inventory on Canadian Malartic as part of the purchase price allocation from the acquisition, on March 31, 2023, of the 50% of Canadian Malartic that Agnico Eagle did not then hold.

(iii)

Relates to costs associated with a 5% in-kind royalty paid in respect of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa.

(iv)

Relates to production costs associated with gold sold by non-operating minesites that are excluded from the consolidated cash costs calculation.

Three Months Ended September 30, 2024

(thousands, except as noted)

Mine	Payable gold production (ounces)		Production costs ($)		Production costs per ounce ($)		Inventory adjustments ($)⁽ⁱ⁾			Realized gains and losses on hedges ($)			In-kind royalty ($)⁽ⁱⁱ⁾		Smelting, refining and marketing charges ($)			Total cash costs per ounce (co-product basis) ($)		By-product metal revenues ($)			Total cash costs per ounce (by-product basis) ($)
LaRonde mine		47,313		74,244		1,569		(14,425	)		246			—		1,015			1,291		(10,097	)		1,078
LZ5		18,292		18,916		1,034		3,752			86			—		1,030			1,300		(274	)		1,285
LaRonde		65,605		93,160		1,420		(10,673	)		332			—		2,045			1,294		(10,371	)		1,135
Canadian Malartic		141,392		128,984		912		(2,590	)		997			18,810		459			1,037		(1,777	)		1,025
Goldex		30,334		34,265		1,130		(1,161	)		148			—		762			1,121		(2,743	)		1,031
Quebec		237,331		256,409		1,080		(14,424	)		1,477			18,810		3,266			1,119		(14,891	)		1,056
Detour Lake		173,891		127,159		731		(2,726	)		1,247			8,752		1,974			784		(757	)		779
Macassa		70,727		48,086		680		2,568			304			2,460		103			757		(442	)		750
Ontario		244,618		175,245		716		(158	)		1,551			11,212		2,077			776		(1,199	)		772
Meliadine		99,838		75,099		752		13,212			505			—		65			890		(135	)		889
Meadowbank		133,502		115,705		867		6,117			681			—		(1	)		918		(978	)		910
Nunavut		233,340		190,804		818		19,329			1,186			—		64			906		(1,113	)		901
Fosterville		65,532		44,346		677		(1,523	)		(80	)		—		23			653		(135	)		651
Australia		65,532		44,346		677		(1,523	)		(80	)		—		23			653		(135	)		651
Kittila		56,715		59,968		1,057		(2,410	)		(157	)		—		(41	)		1,011		(102	)		1,010
Finland		56,715		59,968		1,057		(2,410	)		(157	)		—		(41	)		1,011		(102	)		1,010
Pinos Altos		21,371		46,464		2,174		(3,548	)		—			—		317			2,023		(10,517	)		1,531
Creston Mascota		9		—		—		—			—			—		—			—		—			—
La India		4,529		10,417		2,300		2,633			—			—		91			2,902		(133	)		2,872
Mexico		25,909		56,881		2,195		(915	)		—			—		408			2,176		(10,650	)		1,765

Consolidated		863,445		783,653		908		(101	)		3,977			30,022		5,797			953		(28,090	)		921

Notes:

(i)

(ii)

Relates to costs associated with a 5% in-kind royalty paid in respect of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa.

Nine Months Ended September 30,2025

(thousands, except as noted)

Mine	Payable gold production (ounces)⁽ⁱ⁾		Production costs ($)		Production costs per ounce ($)		Inventory adjustments ($)⁽ⁱⁱ⁾			Realized (gains) and losses on hedges ($)			In-kind royalty ($)⁽ⁱⁱⁱ⁾		Smelting, refining and marketing charges ($)			Total cash costs per ounce (co-product basis) ($)		By-product metal revenues ($)			Total cash costs per ounce (by-product basis) ($)
LaRonde mine		201,319		172,146		855		18,275			536			—		7,035			983		(52,124	)		725
LZ5		62,946		69,017		1,096		485			196			—		2,637			1,149		(855	)		1,136
LaRonde		264,265		241,163		913		18,760			732			—		9,672			1,023		(52,979	)		822
Canadian Malartic		489,179		359,025		734		17,706			988			79,745		843			937		(8,680	)		919
Goldex		92,509		108,302		1,171		2,418			308			—		3,139			1,234		(21,914	)		997
Quebec		845,953		708,490		838		38,884			2,028			79,745		13,654			996		(83,573	)		897
Detour Lake		497,649		427,475		859		(13,355	)		646			30,266		4,384			903		(4,324	)		894
Macassa		252,224		146,744		582		4,591			737			11,488		271			650		(1,662	)		643
Ontario		749,873		574,219		766		(8,764	)		1,383			41,754		4,655			818		(5,986	)		810
Meliadine		282,611		282,577		1,000		14,310			728			—		102			1,053		(855	)		1,050
Meadowbank		378,213		396,409		1,048		(1,373	)		915			—		398			1,048		(4,533	)		1,036
Nunavut		660,824		678,986		1,027		12,937			1,643			—		500			1,050		(5,388	)		1,042
Fosterville		128,155		109,094		851		2,824			(28	)		—		82			874		(428	)		870
Australia		128,155		109,094		851		2,824			(28	)		—		82			874		(428	)		870
Kittila		162,415		172,659		1,063		1,388			(1,558	)		—		(159	)		1,061		(433	)		1,058
Finland		162,415		172,659		1,063		1,388			(1,558	)		—		(159	)		1,061		(433	)		1,058
Pinos Altos		59,539		148,723		2,498		1,819			(531	)		—		894			2,535		(30,814	)		2,017
Mexico		59,539		148,723		2,498		1,819			(531	)		—		894			2,535		(30,814	)		2,017

Corporate and Other^(iv)		—		4,070		—		(4,070	)		—			—		—			—		—			—

Consolidated		2,606,759		2,396,241		918		45,018			2,937			121,499		19,626			992		(126,622	)		943

Notes:

(i)	Gold production for the nine months ended September 30, 2025 excludes 3,614 ounces of payable production of gold at La India and 253 ounces of payable production of gold at Creston Mascota, which were produced from residual leaching as well as 2,442 ounces of gold recovered at Hope Bay.

(ii)

Under the Company's revenue recognition policy, revenue from contracts with customers is recognized upon the transfer of control over metals sold to the customer. As the total cash costs per ounce are calculated on a production basis, an inventory adjustment is made to reflect the portion of production not yet recognized as revenue. Included in inventory adjustments for Canadian Malartic for the nine months ended September 30, 2025 is $6.2 million associated with the fair value allocated to inventory on Canadian Malartic as part of the purchase price allocation from the acquisition, on March 31, 2023, of the 50% of Canadian Malartic that Agnico Eagle did not then hold.

(iii)

Relates to costs associated with a 5% in-kind royalty paid in respect of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa.

(iv)	Relates to production costs associated with gold sold by non-operating minesites that are excluded from the consolidated cash costs calculation.

Nine Months Ended September 30, 2024

(thousands, except as noted)

Mine	Payable gold production (ounces)		Production costs ($)		Production costs per ounce ($)		Inventory adjustments ($)⁽ⁱ⁾			Realized (gains) and losses on hedges ($)			In-kind royalty ($)⁽ⁱⁱ⁾		Smelting, refining and marketing charges ($)			Total cash costs per ounce (co-product basis) ($)		By-product metal revenues ($)			Total cash costs per ounce (by-product basis) ($)
LaRonde mine		161,388		193,482		1,199		(12,892	)		616			—		9,235			1,180		(39,703	)		934
LZ5		54,915		58,059		1,057		3,820			215			—		2,396			1,174		(772	)		1,160
LaRonde		216,303		251,541		1,163		(9,072	)		831			—		11,631			1,179		(40,475	)		991
Canadian Malartic		509,169		399,893		785		7,076			2,037			57,506		786			918		(5,945	)		906
Goldex		98,472		100,531		1,021		(482	)		369			—		1,959			1,040		(9,359	)		945
Quebec		823,944		751,965		913		(2,478	)		3,237			57,506		14,376			1,001		(55,779	)		933
Detour Lake		492,889		379,366		770		(7,295	)		2,394			22,446		5,147			816		(2,003	)		812
Macassa		203,048		146,763		723		1,038			759			6,834		242			766		(662	)		763
Ontario		695,937		526,129		756		(6,257	)		3,153			29,280		5,389			801		(2,665	)		798
Meliadine		284,238		254,463		895		2,457			1,612			—		100			910		(650	)		908
Meadowbank		387,695		352,881		910		5,412			2,502			—		(46	)		930		(2,952	)		923
Nunavut		671,933		607,344		904		7,869			4,114			—		54			922		(3,602	)		916
Fosterville		188,064		114,824		611		(1,277	)		6			—		52			604		(462	)		602
Australia		188,064		114,824		611		(1,277	)		6			—		52			604		(462	)		602
Kittila		166,967		176,535		1,057		(3,554	)		(138	)		—		(161	)		1,034		(289	)		1,032
Finland		166,967		176,535		1,057		(3,554	)		(138	)		—		(161	)		1,034		(289	)		1,032
Pinos Altos		69,850		122,980		1,761		2,235			—			—		980			1,807		(26,556	)		1,426
Creston Mascota		50		—		—		—			—			—		—			—		—			—
La India		21,190		39,445		1,861		2,780			—			—		355			2,009		(991	)		1,963
Mexico		91,090		162,425		1,783		5,015			—			—		1,335			1,853		(27,547	)		1,550

Consolidated		2,637,935		2,339,222		887		(682	)		10,372			86,786		21,045			931		(90,344	)		897

Notes:

(i)

(ii)	Relates to costs associated with a 5% in-kind royalty paid in respect of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa.

Reconciliation of Production Costs to Minesite Costs per Tonneby Mine

Three Months Ended September 30, 2025

(thousands, except as noted)

Mine	Tonnes of ore milled (thousands)		Production costs ($)		Production costs in local currency		Local currency production costs per tonne		Inventory adjustments in local currency⁽ⁱ⁾			In-kind royalty in local currency⁽ⁱⁱ⁾		Smelting, refining and marketing charges in local currency			Local currency minesite costs per tonne
LaRonde mine		394	$	46,960	C$	64,713	C$	164	C$	26,889		C$	—	C$	(6,553	)	C$	216
LZ5		370	$	23,825	C$	32,856	C$	89	C$	2,241		C$	—	C$	—		C$	95
LaRonde		764	$	70,785	C$	97,569	C$	128	C$	29,130		C$	—	C$	(6,553	)	C$	157
Canadian Malartic		5,091	$	124,353	C$	170,193	C$	33	C$	2,129		C$	38,792	C$	—		C$	41
Goldex		843	$	35,956	C$	49,637	C$	59	C$	3,761		C$	—	C$	—		C$	63
Quebec		6,698	$	231,094	C$	317,399	C$	47	C$	35,020		C$	38,792	C$	(6,553	)	C$	57
Detour Lake		7,351	$	151,199	C$	208,932	C$	28	C$	(21,293	)	C$	16,856	C$	—		C$	28
Macassa		133	$	48,652	C$	67,786	C$	510	C$	(382	)	C$	5,369	C$	—		C$	547
Ontario		7,484	$	199,851	C$	276,718	C$	37	C$	(21,675	)	C$	22,225	C$	—		C$	37
Meliadine		627	$	85,662	C$	117,284	C$	187	C$	29,369		C$	—	C$	—		C$	234
Meadowbank		1,177	$	163,403	C$	225,287	C$	191	C$	2,513		C$	—	C$	—		C$	194
Nunavut		1,804	$	249,065	C$	342,571	C$	190	C$	31,882		C$	—	C$	—		C$	208
Fosterville		198	$	38,036	A$	58,454	A$	295	A$	(1,171	)	A$	—	A$	—		A$	289
Australia		198	$	38,036	A$	58,454	A$	295	A$	(1,171	)	A$	—	A$	—		A$	289
Kittila		558	$	61,762	€	53,023	€	95	€	(435	)	€	—	€	—		€	94
Finland		558	$	61,762	€	53,023	€	95	€	(435	)	€	—	€	—		€	94
Pinos Altos		431	$	55,443	$	55,443	$	129	$	(2,264	)	$	—	$	—		$	123
Mexico		431	$	55,443	$	55,443	$	129	$	(2,264	)	$	—	$	—		$	123

Notes:

(i)

This inventory adjustment reflects production costs associated with the portion of production still in inventory. Included in inventory adjustments for Canadian Malartic for the three months ended September 30, 2025 is C$5.1 million associated with the fair value allocated to inventory on Canadian Malartic as part of the purchase price allocation from the acquisition, on March 31, 2023, of the 50% of Canadian Malartic that Agnico Eagle did not then hold.

(ii)

Relates to costs associated with a 5% in-kind royalty paid in respect of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa.

Three Months Ended September 30, 2024

(thousands, except as noted)

Mine	Tonnes of ore milled (thousands)		Production costs ($)		Production costs in local currency		Local currency production costs per tonne		Inventory adjustments in local currency⁽ⁱ⁾			In-kind royalty in local currency⁽ⁱⁱ⁾		Smelting, refining and marketing charges in local currency			Local currency minesite costs per tonne
LaRonde mine		355	$	74,244	C$	101,221	C$	285	C$	(18,800	)	C$	—	C$	(4,419	)	C$	220
LZ5		332	$	18,916	C$	25,740	C$	78	C$	5,072		C$	—	C$	—		C$	93
LaRonde		687	$	93,160	C$	126,961	C$	185	C$	(13,728	)	C$	—	C$	(4,419	)	C$	158
Canadian Malartic		4,862	$	128,984	C$	175,462	C$	36	C$	(3,655	)	C$	25,677	C$	—		C$	41
Goldex		739	$	34,265	C$	46,696	C$	63	C$	(1,619	)	C$	—	C$	—		C$	61
Quebec		6,288	$	256,409	C$	349,119	C$	56	C$	(19,002	)	C$	25,677	C$	(4,419	)	C$	56
Detour Lake		7,082	$	127,159	C$	172,973	C$	24	C$	(3,935	)	C$	11,914	C$	—		C$	26
Macassa		134	$	48,086	C$	65,489	C$	489	C$	3,408		C$	3,348	C$	—		C$	539
Ontario		7,216	$	175,245	C$	238,462	C$	33	C$	(527	)	C$	15,262	C$	—		C$	35
Meliadine		533	$	75,099	C$	102,391	C$	192	C$	17,937		C$	—	C$	—		C$	226
Meadowbank		1,083	$	115,705	C$	157,247	C$	145	C$	8,236		C$	—	C$	—		C$	153
Nunavut		1,616	$	190,804	C$	259,638	C$	161	C$	26,173		C$	—	C$	—		C$	177
Fosterville		246	$	44,346	A$	66,587	A$	271	A$	(2,406	)	A$	—	A$	—		A$	261
Australia		246	$	44,346	A$	66,587	A$	271	A$	(2,406	)	A$	—	A$	—		A$	261
Kittila		544	$	59,968	€	54,519	€	100	€	(2,469	)	€	—	€	—		€	96
Finland		544	$	59,968	€	54,519	€	100	€	(2,469	)	€	—	€	—		€	96
Pinos Altos		446	$	46,464	$	46,464	$	104	$	(3,548	)	$	—	$	—		$	96
La India⁽ⁱⁱⁱ⁾		—	$	10,417	$	10,417	$	—	$	(10,417	)	$	—	$	—		$	—
Mexico		446	$	56,881	$	56,881	$	128	$	(13,965	)	$	—	$	—		$	96

Notes:

(i)

This inventory adjustment reflects production costs associated with the portion of production still in inventory.

(ii)

Relates to costs associated with a 5% in-kind royalty paid in respect of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa.

(iii)

La India's cost calculations per tonne for the three months ended September 30, 2024 exclude approximately $10.4 million of production costs incurred during the period, following the cessation of mining activities at La India during the fourth quarter of 2023.

Nine Months Ended September 30, 2025

(thousands, except as noted)

Mine	Tonnes of ore milled (thousands)		Production costs ($)		Production costs in local currency		Local currency production costs per tonne		Inventory adjustments in local currency⁽ⁱ⁾			In-kind royalty in local currency⁽ⁱⁱ⁾		Smelting, refining and marketing charges in local currency			Local currency minesite costs per tonne
LaRonde mine		1,103		172,146	C$	240,956	C$	218	C$	25,370		C$	—	C$	(19,756	)	C$	224
LZ5		1,010		69,017	C$	96,407	C$	95	C$	575		C$	—	C$	—		C$	96
LaRonde		2,113		241,163	C$	337,363	C$	160	C$	25,945		C$	—	C$	(19,756	)	C$	163
Canadian Malartic		14,919		359,025	C$	498,804	C$	33	C$	24,333		C$	111,462	C$	—		C$	43
Goldex		2,454		108,302	C$	151,393	C$	62	C$	3,196		C$	—	C$	—		C$	63
Quebec		19,486		708,490	C$	987,560	C$	51	C$	53,474		C$	111,462	C$	(19,756	)	C$	58
Detour Lake		20,817		427,475	C$	596,968	C$	29	C$	(18,952	)	C$	42,298	C$	—		C$	30
Macassa		424		146,744	C$	205,250	C$	484	C$	6,264		C$	16,061	C$	—		C$	537
Ontario		21,241		574,219	C$	802,218	C$	38	C$	(12,688	)	C$	58,359	C$	—		C$	40
Meliadine		1,730		282,577	C$	394,138	C$	228	C$	18,509		C$	—	C$	—		C$	239
Meadowbank		2,906		396,409	C$	550,901	C$	190	C$	(2,594	)	C$	—	C$	—		C$	189
Nunavut		4,636		678,986	C$	945,039	C$	204	C$	15,915		C$	—	C$	—		C$	207
Fosterville		549		109,094	A$	168,621	A$	307	A$	4,145		A$	—	A$	—		A$	315
Australia		549		109,094	A$	168,621	A$	307	A$	4,145		A$	—	A$	—		A$	315
Kittila		1,562		172,659	€	154,529	€	99	€	199		€	—	€	—		€	99
Finland		1,562		172,659	€	154,529	€	99	€	199		€	—	€	—		€	99
Pinos Altos		1,252		148,723	$	148,723	$	119	$	1,288		$	—	$	—		$	120
Mexico		1,252		148,723	$	148,723	$	119	$	1,288		$	—	$	—		$	120

Notes:

(i)

This inventory adjustment reflects production costs associated with the portion of production still in inventory. Included in inventory adjustments for Canadian Malartic for the nine months ended September 30, 2025 is C$8.7 million associated with the fair value allocated to inventory on Canadian Malartic as part of the purchase price allocation from the acquisition, on March 31, 2023, of the 50% of Canadian Malartic that Agnico Eagle did not then hold.

(ii)

Relates to costs associated with a 5% in-kind royalty paid in respect of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa.

Nine Months Ended September 30, 2024

(thousands, except as noted)

Mine	Tonnes of ore milled (thousands)		Production costs ($)		Production costs in local currency		Local currency production costs per tonne		Inventory adjustments in local currency⁽ⁱ⁾			In-kind royalty in local currency⁽ⁱⁱ⁾		Smelting, refining and marketing charges in local currency			Local currency minesite costs per tonne
LaRonde mine		1,149		193,482	C$	262,638	C$	229	C$	(16,069	)	C$	—	C$	(8,019	)	C$	208
LZ5		898		58,059	C$	78,984	C$	88	C$	5,192		C$	—	C$	—		C$	94
LaRonde		2,047		251,541	C$	341,622	C$	167	C$	(10,877	)	C$	—	C$	(8,019	)	C$	158
Canadian Malartic		15,217		399,893	C$	543,010	C$	36	C$	9,830		C$	78,244	C$	—		C$	41
Goldex		2,264		100,531	C$	136,615	C$	60	C$	(580	)	C$	—	C$	—		C$	60
Quebec		19,528		751,965	C$	1,021,247	C$	52	C$	(1,627	)	C$	78,244	C$	(8,019	)	C$	56
Detour Lake		20,376		379,366	C$	515,371	C$	25	C$	(9,622	)	C$	30,538	C$	—		C$	26
Macassa		420		146,763	C$	199,917	C$	476	C$	1,468		C$	9,301	C$	—		C$	502
Ontario		20,796		526,129	C$	715,288	C$	34	C$	(8,154	)	C$	39,839	C$	—		C$	36
Meliadine		1,450		254,463	C$	345,186	C$	238	C$	3,724		C$	—	C$	—		C$	241
Meadowbank		3,144		352,881	C$	478,366	C$	152	C$	7,470		C$	—	C$	—		C$	155
Nunavut		4,594		607,344	C$	823,552	C$	179	C$	11,194		C$	—	C$	—		C$	182
Fosterville		652		114,824	A$	173,962	A$	267	A$	(2,041	)	A$	—	A$	—		A$	264
Australia		652		114,824	A$	173,962	A$	267	A$	(2,041	)	A$	—	A$	—		A$	264
Kittila		1,550		176,535	€	162,375	€	105	€	(3,354	)	€	—	€	—		€	103
Finland		1,550		176,535	€	162,375	€	105	€	(3,354	)	€	—	€	—		€	103
Pinos Altos		1,326		122,980	$	122,980	$	93	$	2,235		$	—	$	—		$	94
La India⁽ⁱⁱⁱ⁾		—		39,445	$	39,445	$	—	$	(39,445	)	$	—	$	—		$	—
Mexico		1,326		162,425	$	162,425	$	122	$	(37,210	)	$	—	$	—		$	94

Notes:

(i)

This inventory adjustment reflects production costs associated with the portion of production still in inventory.

(ii)

Relates to costs associated with a 5% in-kind royalty paid in respect of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa.

(iii)

La India's cost calculations per tonne for the nine months ended September 30, 2024 exclude approximately $39.4 million of production costs incurred during the period, following the cessation of mining activities at La India during the fourth quarter of 2023.

All-in sustaining costs per ounce

All-in sustaining costs per ounce (also referredto as "AISC per ounce") on a by-product basis is calculated as the aggregate of total cash costs on a by-product basis, sustainingcapital expenditures (including capitalized exploration), general and administrative expenses (including stock options), lease paymentsrelated to sustaining assets and reclamation expenses, and then dividing by the number of ounces of gold produced. These additional costsreflect the additional expenditures that are required to be made to maintain current production levels. The AISC per ounce on a co-productbasis is calculated in the same manner as the AISC per ounce on a by-product basis, except that the total cash costs on a co-product basisare used, meaning no adjustment is made for by-product metal revenues. Investors should note that AISC per ounce is not reflective ofall cash expenditures as it does not include income tax payments, interest costs or dividend payments, nor does it include non-cash expenditures,such as depreciation and amortization. Unless otherwise indicated, all-in sustaining costs per ounce is reported on a by-product basis(see "Reconciliation of Production Costs to Total Cash Costs per Ounce by Mine" for a discussion of regarding the Company'suse of by-product basis reporting).

Management believes that AISC per ounce is usefulto investors as it reflects total sustaining expenditures of producing and selling an ounce of gold while maintaining current operationsand, as such, provides useful information about operating performance. Management is aware, and investors should note, that these perounce measures of performance can be affected by fluctuations in foreign exchange rates and, in the case of AISC per ounce on a by-productbasis, 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 measureis not necessarily indicative of operating costs or cash flow measures prepared in accordance with IFRS Accounting Standards.

The Company follows the guidance on calculationof AISC per ounce released by the World Gold Council ("WGC") in 2018. The WGC is a non-regulatory market development organizationfor 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 reportedby other gold mining companies.

The following table sets out a reconciliationof production costs to all-in sustaining costs per ounce for the three and nine months ended September 30, 2025 and September 30,2024 on both a by-product basis (deducting by-product metal revenues from production costs) and a co-product basis (without deductingby-product metal revenues).

	Three Months Ended September 30,						Nine Months Ended September 30,
*(United States dollars per ounce, except where noted)*	2025			2024			2025			2024
Production costs per the condensed interim consolidated statements of income (thousands)	$	839,321		$	783,653		$	2,396,241		$	2,339,222
Less: Production costs from non-operating minesites		(4,070	)		—			(4,070	)		—
Adjusted production costs		835,251			783,653			2,392,171			2,339,222
Gold production (ounces)⁽ⁱ⁾		866,936			863,445			2,606,759			2,637,935
Production costs per ounce	$	963		$	908		$	918		$	887
Adjustments:
Inventory adjustments⁽ⁱⁱ⁾		33			—			18			—
In-kind royalty⁽ⁱⁱⁱ⁾		51			—			47			—
Realized gains and losses on hedges of production costs		(4	)		5			1			4
Other^(iv)		8			40			8			40
Total cash costs per ounce (co-product basis)	$	1,051		$	953		$	992		$	931
By-product metal revenues		(57	)		(32	)		(49	)		(34	)
Total cash costs per ounce (by-product basis)	$	994		$	921		$	943		$	897
Adjustments:
Sustaining capital expenditures (including capitalized exploration)		282			292			250			244
General and administrative expenses (including stock option expense)		78			56			71			55
Non-cash reclamation provision and sustaining leases^(v)		19			17			17			18
All-in sustaining costs per ounce (by-product basis)	$	1,373		$	1,286		$	1,281		$	1,214
By-product metal revenues		57			32			49			34
All-in sustaining costs per ounce (co-product basis)	$	1,430		$	1,318		$	1,330		$	1,248

Notes:

(i) Gold production for the three months ended September 30,2025 excludes 945 ounces of payable production of gold at La India and 189 ounces of payable production of gold at Creston Mascota, whichwere produced from residual leaching as well as 2,442 ounces of gold recovered at Hope Bay. Gold production for the nine months endedSeptember 30, 2025 excludes 3,614 ounces of payable production of gold at La India and 253 ounces of payable production of goldat Creston Mascota, which were produced from residual leaching as well as 2,442 ounces of gold recovered at Hope Bay.

(ii) Under the Company'srevenue recognition policy, revenue from contracts with customers is recognized upon the transfer of control over metals sold to thecustomer. As the total cash costs per ounce are calculated on a production basis, an inventory adjustment is made to reflect the portionof production not yet recognized as revenue. Included in inventory adjustments for Canadian Malartic for the three and nine months endedSeptember 30, 2025 is $3.7 and $6.2 million, respectively, associated with the fair value allocated to inventory on Canadian Malarticas part of the purchase price allocation from the acquisition, on March 31, 2023, of 50% of Canadian Malartic that Agnico Eagledid not then hold.

(iii) Relates to costs associated with a 5% in-kind royalty paidin respect of Canadian Malartic, a 2% in-kind royalty paid in respect of Detour Lake, a 1.5% in-kind royalty paid in respect of Macassa.

(iv) Other adjustments consists of smelting, refining and marketingcharges to production costs.

(v) Sustaining leases are lease payments related to sustainingassets.

Adjusted net income and adjusted net incomeper share

Adjusted net income and adjusted net income pershare are calculated by adjusting the net income as recorded in the condensed interim consolidated statements of income for the effectsof certain items that the Company believes are not reflective of the Company's underlying performance for the reporting period. Adjustednet income is calculated by adjusting net income for items such as foreign currency translation gains or losses, realized and unrealizedgains or losses on derivative financial instruments, severance and transaction costs related to acquisitions, revaluation gains and losses,environmental remediation, gains or losses on the disposal of assets, purchase price allocations to inventory, debt extinguishment costs,impairment loss charges and reversals, gains and losses on the sale of equity securities, retroactive payments, and income and miningtaxes adjustments. Adjusted net income per share is calculated by dividing adjusted net income by the weighted average number of sharesoutstanding on a basic and diluted basis.

The Company believes that these generally acceptedindustry measures are useful to investors in that they allow for the evaluation of the results of continuing operations and in makingcomparisons between periods. Adjusted net income and adjusted net income per share are intended to provide investors with informationabout the Company's continuing income generating capabilities from its core mining business, excluding the above adjustments, which theCompany believes are not reflective of operational performance. Management uses this measure to, and believes it is useful to investorsso they can, understand and monitor for the operating performance of the Company in conjunction with other data prepared in accordancewith IFRS Accounting Standards.

The following table sets out a reconciliationof net income per the condensed interim consolidated statements of income to adjusted net income for the three and nine months ended September 30,2025, and September 30, 2024.

	Three Months Ended September 30,						Nine Months Ended September 30,
(thousands)	2025			2024			2025			2024
Net income for the period	$	1,054,958		$	567,118		$	2,938,400		$	1,386,326
Foreign currency translation (gain) loss		(6,559	)		3,436			(18,190	)		(748	)
Realized and unrealized loss (gain) on derivative financial instruments		20,242			(17,153	)		(173,881	)		48,390
Environmental remediation		2,370			6,294			24,334			11,201
Net loss on disposal of property, plant and equipment		5,719			5,420			17,824			25,786
Purchase price allocation to inventory		3,700			—			6,234			—
Debt extinguishment costs		2,838			—			8,245			—
Impairment loss⁽ⁱ⁾		—			—			10,554			—
Loss on sale of equity securities		40,175			—			40,175			—
Other⁽ⁱⁱ⁾		—			—			2,077			13,215
Income and mining taxes adjustments⁽ⁱⁱⁱ⁾		(38,234	)		7,462			(24,676	)		1,146
Adjusted net income for the period	$	1,085,209		$	572,577		$	2,831,096		$	1,485,316

Notes:

(i) Relates to the Company's ownership percentage of an impairmentloss recorded by an associate.

(ii) Other adjustments relate to retroactive payments that managementconsiders not reflective of the Company's underlying performance in the comparative period.

(iii) Income and mining taxes adjustments reflect items such asforeign 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 adjustmentsto prior period tax filings.

EBITDA and adjusted EBITDA

EBITDA is calculated by adjusting net income forfinance costs, amortization of property, plant and mine development and income and mining tax expense line items as reported in the condensedinterim consolidated statements of income.

Adjusted EBITDA removes the effects of certainitems that the Company believes are not reflective of the Company's underlying performance for the reporting period. Adjusted EBITDA iscalculated by adjusting the EBITDA calculation for items such as foreign currency translation gains or losses, realized and unrealizedgains or losses on derivative financial instruments, severance and transaction costs related to acquisitions, revaluation gains and losses,environmental remediation, gains or losses on the disposal of assets, purchase price allocations to inventory, debt extinguishment costs,impairment loss charges and reversals, gains and losses on the sale of equity securities, retroactive payments, and income and miningtaxes adjustments.

The Company believes that these generally acceptedindustry measures are useful in that they allow for the evaluation of the cash generating capability of the Company to fund its workingcapital, capital expenditure and debt repayments. EBITDA and Adjusted EBITDA are intended to provide investors with information aboutthe Company's continuing cash generating capability from its core mining business, excluding the above adjustments, which management believesare not reflective of operational performance. Management uses these measures to, and believes it is useful to investors so they can,understand and monitor the cash generating capability of the Company in conjunction with other data prepared in accordance with IFRS AccountingStandards.

The following table sets out a reconciliationof net income per the condensed interim consolidated statements of income to EBITDA and adjusted EBITDA for the three and nine monthsended September 30, 2025, and September 30, 2024.

	Three Months Ended September 30,						Nine Months Ended September 30,
(thousands)	2025			2024			2025			2024
Net income for the period	$	1,054,958		$	567,118		$	2,938,400		$	1,386,326
Finance costs		24,154			28,527			74,027			99,265
Amortization of property, plant and mine development		429,947			390,245			1,223,703			1,125,859
Income and mining tax expense		520,610			272,672			1,448,358			652,718
EBITDA		2,029,669			1,258,562			5,684,488			3,264,168
Foreign currency translation (gain) loss		(6,559	)		3,436			(18,190	)		(748	)
Realized and unrealized loss (gain) on derivative financial instruments		20,242			(17,153	)		(173,881	)		48,390
Environmental remediation		2,370			6,294			24,334			11,201
Net loss on disposal of property, plant and equipment		5,719			5,420			17,824			25,786
Purchase price allocation to inventory		3,700			—			6,234			—
Debt extinguishment costs		2,838			—			8,245			—
Impairment loss⁽ⁱ⁾		—			—			10,554			—
Loss on sale of equity securities		40,175			—			40,175			—
Other⁽ⁱⁱ⁾		—			—			2,077			13,215
Adjusted EBITDA	$	2,098,154		$	1,256,559		$	5,601,860		$	3,362,012

Notes:

(i) Relates to the Company's ownership percentage of an impairmentloss recorded by an associate.

(ii) Other adjustments relate to retroactive payments that managementconsiders not reflective of the Company's underlying performance in the comparative period.

Cash provided by operating activities beforechanges in non-cash components of working capital and its per share ratio

Cash provided by operating activities before changesin non-cash components of working capital is calculated by adjusting the cash provided by operating activities as shown in the condensedinterim consolidated statements of cash flows for the effects of changes in non-cash components of working capital such as income taxes,inventories, other current assets, accounts payable and accrued liabilities and interest payable. The per share ratio is calculated bydividing cash provided by operating activities before changes in non-cash components of working capital by the weighted average numberof shares outstanding on a basic basis. The Company believes that changes in working capital can be volatile due to numerous factors,including the timing of payments. Management uses these measures to, and believes they are useful to investors so they can, assess theunderlying operating cash flow performance and future operating cash flow generating capabilities of the Company in conjunction with otherdata prepared in accordance with IFRS Accounting Standards. A reconciliation of these measures to the nearest IFRS Accounting Standardsmeasure is provided below.

Free cash flow and free cash flow beforechanges in non-cash components of working capital

Free cash flow is calculated by deducting additionsto property, plant and mine development from the cash provided by operating activities line item as recorded in the condensed interimconsolidated statements of cash flows.

Free cash flow before changes in non-cash componentsof working capital is calculated by excluding items such as the effect of changes in non-cash components of working capital from freecash flow, which includes income taxes, inventory, other current assets, accounts payable and accrued liabilities and interest payable.

The Company believes that these generally acceptedindustry measures are useful in that they allow for the evaluation of the Company's ability to repay creditors and return cash to shareholderswithout relying on external sources of funding. Free cash flow and free cash flow before changes in non-cash components of working capitalalso provide investors with information about the Company's financial position and its ability to generate cash to fund operational andcapital requirements as well as return cash to shareholders. Management uses these measures in conjunction with other data prepared inaccordance with IFRS Accounting Standards to, and believes it is useful to investors so they can, understand and monitor the cash generatingability of the Company.

The following table sets out a reconciliationof cash provided by operating activities per the condensed interim consolidated statements of cash flows to free cash flow and free cashflow before changes in non-cash components of working capital and to cash provided by operating activities before changes in non-cashcomponents of working capital for the three and nine months ended September 30, 2025, and September 30, 2024.

	Three Months Ended September 30,						Nine Months Ended September 30,
(thousands, except where noted)	2025			2024			2025			2024
Cash provided by operating activities	$	1,815,875		$	1,084,532		$	4,705,609		$	2,829,043
Additions to property, plant and mine development		(626,330	)		(464,101	)		(1,616,930	)		(1,255,786	)
Free cash flow		1,189,545			620,431			3,088,679			1,573,257
Changes in income taxes		(189,741	)		(95,930	)		(491,108	)		(142,732	)
Changes in inventory		143,052			156,871			165,196			165,727
Changes in other current assets		11,022			(41,263	)		17,784			16,237
Changes in accounts payable and accrued liabilities		(122,303	)		(80,704	)		(198,893	)		(74,622	)
Changes in interest payable		3,339			3,964			4,132			(2,867	)
Free cash flow before changes in non-cash components of working capital	$	1,034,914		$	563,369		$	2,585,790		$	1,535,000
Additions to property, plant and mine development		626,330			464,101			1,616,930			1,255,786
Cash provided by operating activities before changes in non-cash components of working capital	$	1,661,244		$	1,027,470		$	4,202,720		$	2,790,786

Cash provided by operating activities per share - basic	$	3.62		$	2.16		$	9.37		$	5.67
Cash provided by operating activities before changes in non-cash components of working capital per share - basic	$	3.31		$	2.05		$	8.37		$	5.59

Free cash flow per share - basic	$	2.37		$	1.24		$	6.15		$	3.15
Free cash flow before changes in non-cash components of working capital per share - basic	$	2.06		$	1.12		$	5.15		$	3.07

Operating margin

Operating margin is calculated by deducting productioncosts from revenue from mining operations. In order to reconcile operating margin to net income as recorded in the condensed interim consolidatedfinancial statements, the Company adds the following items to the operating margin: income and mining taxes expense; other expenses (income);care and maintenance expenses; foreign currency translation (gain) loss; environmental remediation costs; loss (gain) on derivative financialinstruments; finance costs; general and administrative expenses; amortization of property, plant and mine development; exploration andcorporate development expenses; and revaluation gain and impairment losses (reversals). The Company believes that operating margin isa useful measure to investors as it reflects the operating performance of its individual mines associated with the ongoing productionand sale of gold and by-product metals without allocating Company-wide overhead, including exploration and corporate development expenses,amortization of property, plant and mine development, general and administrative expenses, finance costs, gain and losses on derivativefinancial instruments, environmental remediation costs, foreign currency translation gains and losses, other expenses and income and miningtax expenses. Management uses this measure internally to plan and forecast future operating results. Management believes this measureis useful to investors as it provides them with additional information about the Company's underlying operating results and should beevaluated in conjunction with other data prepared in accordance with IFRS Accounting Standards. For a reconciliation of operating marginto revenue from operations, see "Summary of Operations Key Performance Indicators".

Capital expenditures

Capital expenditures are calculated by deductingworking capital adjustments from additions to property, plant and mine development per the condensed interim consolidated statements ofcash flows.

Capital expenditures are classified into sustainingcapital expenditures, sustaining capitalized exploration, development capital expenditures and development capitalized exploration. Sustainingcapital expenditures and sustaining capitalized exploration are expenditures incurred during the production phase to sustain and maintainexisting assets so they can achieve constant expected levels of production from which the Company will derive economic benefits. Sustainingcapital expenditures and sustaining capitalized exploration include expenditure for assets to retain their existing productive capacityas well as to enhance performance and reliability of the operations. Development capital expenditures and development capitalized explorationrepresent the spending at new projects and/or expenditures at existing operations that are undertaken with the intention to increase productionlevels or mine life above the current plans. Management uses these measures in the capital allocation process and to assess the effectivenessof its investments. Management believes these measures are useful so investors can assess the purpose and effectiveness of the capitalexpenditures split between sustaining and development in each reporting period. The classification between sustaining and developmentcapital expenditures does not have a standardized definition in accordance with IFRS Accounting Standards and other companies may classifyexpenditures in a different manner.

The following table sets out a reconciliationof sustaining capital expenditures, sustaining capitalized exploration, development capital expenditures and development capitalized explorationto the additions to property, plant and mine development per the condensed interim consolidated statements of cash flows for the threeand nine months ended September 30, 2025 and September 30, 2024.

	Three Months Ended September 30,						Nine Months Ended September 30,
*(thousands)*	2025			2024			2025		2024
Sustaining capital expenditures	$	240,619		$	247,762		$	642,295	$	633,785
Sustaining capitalized exploration		6,373			5,200			16,335		15,124
Development capital expenditures		316,054			189,406			728,924		502,924
Development capitalized exploration		80,809			43,427			213,488		113,282
Total Capital Expenditures	$	643,855		$	485,795		$	1,601,042	$	1,265,115
Working capital adjustments		(17,525	)		(21,694	)		15,888		(9,329	)
Additions to property, plant and mine development per the condensed interim consolidated statements of cash flows	$	626,330		$	464,101		$	1,616,930	$	1,255,786

Net cash (debt)

Net cash (debt) is calculated by adjusting thetotal of the current portion of long-term debt and non-current long-term debt as recorded on the condensed interim consolidated balancesheets for deferred financing costs and cash and cash equivalents. Management believes the measure of net cash (debt) is useful to helpinvestors determine the Company's overall cash (debt) position and to evaluate the future debt capacity of the Company. The Company changedthe label for this non-GAAP measure from "net debt" to "net cash (debt)" as the Company believes that reporting apositive net cash position is more clear and understandable to readers than a negative net debt position. The Company's method of calculatingthis non-GAAP measure has not changed.

The following table sets out a reconciliationof long-term debt per the condensed interim consolidated balance sheets to net cash (debt) as at September 30, 2025, and December 31,2024.

	As at			As at
(thousands)	September 30, 2025			December 31, 2024
Current portion of long-term debt per the condensed interim consolidated balance sheets	$	—		$	(90,000	)
Non-current portion of long-term debt		(195,994	)		(1,052,956	)
Long-term debt	$	(195,994	)	$	(1,142,956	)
Cash and cash equivalents	$	2,354,759		$	926,431
Net cash (debt)	$	2,158,765		$	(216,525	)

Forward-Looking Non-GAAP Measures

This news release also contains information asto estimated future total cash costs per ounce and AISC per ounce. The estimates are based upon the total cash costs per ounce and AISCper ounce that the Company expects to incur to mine gold at its mines and projects and, consistent with the reconciliation of these actualcosts referred to above, do not include production costs attributable to accretion expense and other asset retirement costs, which willvary over time as each project is developed and mined. It is therefore not practicable to reconcile these forward-looking non-GAAP financialmeasures to the most comparable IFRS Accounting Standards measure.

Forward-Looking Statements

The information in this news release has beenprepared as at October 29, 2025. Certain statements contained in this news release constitute "forward-looking statements"within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" underthe 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 occurare forward-looking statements. When used in this news release, the words "achieve", "aim", "anticipate", "commit", "could", "estimate", "expect", "forecast", "future", "guide", "objective", "plan", "potential", "schedule", "target", "track", "will",and similar expressions are intended to identify forward-looking statements. Such statements include the Company's forward-looking guidance,including metal production, estimated ore grades, recovery rates, project timelines, drilling targets or results, life of mine estimates,total cash costs per ounce, AISC per ounce, other expenses and cash flows; the potential for additional gold production at the Company'ssites; the estimated timing and conclusions of the Company's studies and evaluations; the methods by which ore will be extracted or processed;the Company's expansion plans at Detour Lake, Upper Beaver and Odyssey, including the timing, funding, completion and commissioning thereofand the commencement of production therefrom; the Company's plans at Hope Bay and San Nicolas; statements concerning the Company's "fill-the-mill"strategy at Canadian Malartic; statements concerning other expansion projects, recovery rates, mill throughput, optimization efforts andprojected exploration, including costs and other estimates upon which such projections are based; timing and amounts of capital expenditures,other expenditures and other cash needs, and expectations as to the funding thereof; estimates of future mineral reserves, mineral resources,mineral production and sales; the projected development of certain ore deposits, including estimates of exploration, development, production,closure and other capital costs and estimates of the timing of such exploration, development, production and closure or decisions withrespect to such exploration, development, production and closure; estimates of mineral reserves and mineral resources and the effect ofdrill results and studies on future mineral reserves and mineral resources; the Company's ability to obtain the necessary permits andauthorizations in connection with its proposed or current exploration, development and mining operations, and the anticipated timing thereof;future exploration; the anticipated timing of events with respect to the Company's mine sites; the Company's plans and strategies withrespect to sustainability initiatives; the sufficiency of the Company's cash resources; the Company's plans with respect to hedging andthe effectiveness of its hedging strategies; future activity with respect to the Company's unsecured revolving bank credit facility andother indebtedness; future dividend amounts, record dates and payment dates; the effect of tariffs and trade restrictions on the Company;plans with respect to activity under the NCIB; plans to form Avenir, and anticipated trends with respect to the Company's operations,exploration and the funding thereof. Such statements reflect the Company's views as at the date of this news release and are subject tocertain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements. Forward-looking statements arenecessarily 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 assumptionsused in the preparation of the forward-looking statements contained herein, which may prove to be incorrect, include, but are not limitedto, the assumptions set forth herein and in management's discussion and analysis (the "2024 MD&A") and the Company's AnnualInformation Form (the "AIF") for the year ended December 31, 2024 filed with Canadian securities regulators and thatare included in its Annual Report on Form 40-F for the year ended December 31, 2024 (the "Form 40-F") filed withthe U.S. Securities and Exchange Commission (the "SEC") as well as: that there are no significant disruptions affecting operations;that production, permitting, development, expansion and the ramp-up of operations at each of Agnico Eagle's properties proceeds on a basisconsistent with current expectations and plans; that the Company's plans for its mining operations are not changed or amended in a materialway; 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 priceor 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 andthat 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 currentplans to optimize production are successful; that there are no material variations in the current tax and regulatory environment; thatgovernments, the Company or others do not take measures in response to pandemics or other health emergencies or otherwise that, individuallyor in the aggregate, materially affect the Company's ability to operate its business or its productivity; and that measures taken relatingto, or other effects of, pandemics or other health emergencies do not affect the Company's ability to obtain necessary supplies and deliverthem to its mine sites. Many factors, known and unknown, could cause the actual results to be materially different from those expressedor implied by such forward-looking statements. Such risks include, but are not limited to: the volatility of prices of gold and othermetals; 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 additionalcapital 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; risksassociated with joint ventures; governmental and environmental regulation; the volatility of the Company's stock price; risks associatedwith the Company's currency, fuel and by-product metal derivative strategies; the current interest rate environment; the potential formajor economies to encounter a slowdown in economic activity or a recession; the potential for increased conflict or hostilities in variousregions, including Europe and the Middle East; and the extent and manner of communicable diseases or outbreaks, and measures taken bygovernments, the Company or others to attempt to mitigate the spread thereof may directly or indirectly affect the Company. For a moredetailed discussion of such risks and other factors that may affect the Company's ability to achieve the expectations set forth in theforward-looking statements contained in this news release, see the AIF and 2024 MD&A filed on SEDAR+ at www.sedarplus.ca and includedin the Form 40-F filed on EDGAR at www.sec.gov, as well as the Company's other filings with the Canadian securities regulators andthe SEC. Other than as required by law, the Company does not intend, and does not assume any obligation, to update these forward-lookingstatements.

Additional Information

Additional information about each of the Company'smaterial mineral projects as at December 31, 2024, including information regarding data verification, key assumptions, parametersand methods used to estimate mineral reserves and mineral resources and the risks that could materially affect the development of themineral reserves and mineral resources required by sections 3.2 and 3.3 and paragraphs 3.4(a), (c) and (d) of National Instrument43-101 – Standards of Disclosure for Mineral Projects can be found in the Company's AIF and 2024 MD&A filed on SEDAR+each of which forms a part of the Company's Form 40-F filed with the SEC on EDGAR and in the following technical reports filed onSEDAR+ in respect of the Company's material mineral properties: Detour Lake Operation, Ontario, Canada, NI 43-101 Technical Report (September 20,2024); NI 43-101 Technical Report of the LaRonde complex in Québec, Canada (March 24, 2023); NI 43-101 Technical Report CanadianMalartic Mine, Québec, Canada (March 25, 2021); Technical Report on the Mineral Resources and Mineral Reserves at MeadowbankGold complex including the Amaruq Satellite Mine Development, Nunavut, Canada as at December 31, 2017 (February 14, 2018); andthe Updated Technical Report on the Meliadine Gold Project, Nunavut, Canada (February 11, 2015).

APPENDIX A – EXPLORATION DETAILS

Eclipse zone and East Gouldie and Odyssey deposits at Odyssey mine

Drill hole	Deposit / zone	From (metres)	To (metres)	Depth of midpoint below surface (metres)	Estimated true width (metres)	Gold grade (g/t) (uncapped)	Gold grade (g/t) (capped)*
MEX23-309WZ	Eclipse	1,520.5	1,531.3	1,057	10.1	3.9	3.9
MEX24-322WBZA	East Gouldie	2,152.3	2,189.0	1,991	29.9	2.3	2.3
including		2,175.2	2,189.0	2,001	11.3	4.0	4.0
MEX25-337	East Gouldie	1,597.9	1,652.4	1,531	51.8	2.0	2.0
MEX25-337W	East Gouldie	1,581.0	1,603.0	1,352	21.6	3.3	3.3
including		1,590.0	1,598.0	1,353	7.7	6.2	6.2
UGEG-075-054	East Gouldie	558.0	573.5	907	15.4	5.5	5.5
including		558.0	566.1	905	8.0	8.2	8.2
UGEG-075-056	East Gouldie	547.5	573.1	884	25.4	5.1	4.8
including		549.3	556.4	881	7.0	13.2	12.0
UGEG-083-016	East Gouldie	146.6	170.0	891	16.8	2.5	2.5
UGOD-075-043	Odyssey North	587.0	602.4	943	13.3	3.3	3.3
UGOD-075-032	Odyssey internal	439.9	456.0	810	14.3	3.6	3.6
and	Odyssey internal	468.0	474.0	822	5.3	22.5	10.7
UGOD-058-005	Odyssey Jupiter	491.4	505.5	800	12.6	2.9	2.9
MEV25-304	Odyssey South	326.0	341.5	250	14.0	6.7	3.6
including		326.0	327.5	244	1.4	52.6	20.0

*Results from Eclipse, East Gouldie and Odyssey use a cappingfactor of 20 g/t gold.

Marban deposit

Drill hole	From (metres)	To (metres)	Depth of midpoint below surface (metres)	Estimated true width (metres)	Gold grade (g/t) (uncapped)	Gold grade (g/t) (capped)*
MRB25-005	84.3	90.4	64	6.1	1.3	1.3
and	333.0	345.6	248	11.5	1.3	1.3
and	351.0	357.1	258	5.6	1.8	1.8
MRB25-006	242.4	245.4	191	3.0**	3.3	3.3
MRB25-015	117.2	122.4	103	4.9	3.2	3.2
MRB25-029	121.0	126.5	103	5.5**	2.2	2.2
MRB25-030	401.5	407.0	309	5.5	4.3	4.3
and	494.0	505.0	384	10.9	4.6	4.6
MRB25-033	159.2	162.0	117	2.8**	5.3	5.3
and	201.5	203.0	147	1.5**	15.3	15.3
MRB25-034	127.5	133.5	116	5.2	1.8	1.8
MRB25-038	102.0	113.4	80	11.4**	3.3	3.3
including	103.2	104.0	78	0.8	13.4	13.4
including	106.7	109.1	82	2.4**	10.5	10.5
and	216.2	219.6	165	3.4**	4.1	4.1
MRB25-051	265.0	266.5	191	1.5**	20.1	20.1

*Results from Marban use a capping factor ranging from 10 g/t to 40g/t gold depending on the zone.

**Core length. True width undetermined.

West Pit and West Extension zones at Detour Lake

Drill hole	Zone	From (metres)	To (metres)	Depth of midpoint below surface (metres)	Estimated true width (metres)	Gold grade (g/t) (uncapped)*
DLM25-1144A	West Pit	652.2	767.5	565	106.2	1.5
including		652.2	668.0	528	14.5	2.9
including		751.1	762.2	600	10.3	6.1
DLM25-1156	West Pit	385.0	436.0	323	46.5	1.0
and		506.0	533.0	405	24.8	1.7
and		642.0	691.9	514	46.4	1.2
and		745.0	768.0	578	21.5	1.5
DLM25-1161	West Extension	1,009.8	1,013.0	860	2.9	137.1
DLM25-1162	West Extension	640.0	758.0	575	108.6	0.8
DLM25-1163	West Pit	636.4	639.9	486	3.3	17.2
and		663.0	700.0	518	34.5	2.1
including		684.0	695.0	523	10.3	4.0
and		789.0	792.0	595	2.8	10.2
and		996.0	1,012.0	746	15.0	8.0
including		1,007.0	1,012.0	750	4.7	27.0
and		1,049.0	1,063.0	783	13.2	5.4
and		1,086.0	1,091.0	806	4.7	5.3
DLM25-1164	West Pit	338.1	400.0	297	55.7	2.7
including		385.0	395.0	313	9.0	11.8
and		473.0	486.5	381	12.4	4.6
DLM25-1168	West Pit	413.2	488.0	343	69.7	1.8
including		467.0	475.0	357	7.5	10.2
and		625.1	667.0	480	39.8	3.0
including		655.7	667.0	490	10.7	7.6
and		682.3	696.0	509	13.1	3.4
DLM25-1175	West Pit	423.0	435.9	344	11.7	2.8
and		578.0	606.0	466	25.9	2.2
including		582.2	595.0	463	11.9	3.6
DLM25-1179B	West Extension	587.7	620.2	538	26.8	7.4
including		587.7	591.5	526	3.1	10.3
including		604.9	612.5	542	6.3	23.6
DLM25-1188	West Extension	546.0	549.0	471	2.6	19.1
and		1,040.0	1,051.0	845	10.3	2.7
and		1,112.0	1,122.9	896	10.3	2.2

*Results from Detour Lake are uncapped.

Madrid deposit at Hope Bay

Drill hole	Zone	From (metres)	To (metres)	Depth of midpoint below surface (metres)	Estimated true width (metres)	Gold grade (g/t) (uncapped)	Gold grade (g/t) (capped)*
HBM25-349	undefined	622.5	625.5	544	2.6	17.9	17.9
HBM25-352	Patch 7	821.0	824.0	629	2.5	14.7	14.7
HBM25-354	Patch 7	446.0	451.0	348	3.8	10.7	10.7
HBM25-359	Patch 7	329.0	337.0	274	6.1	4.3	4.3
HBM25-364	Patch 7	916.0	927.3	834	9.3	13.8	12.7
including	Patch 7	925.0	926.0	837	0.8	43.8	43.8
including	Patch 7	926.8	927.3	838	0.4	124.0	85.0
and	Patch 7	930.0	940.0	844	8.2	4.1	4.1
HBM25-365	Patch 7	622.0	634.0	486	9.8	6.0	6.0
including	Patch 7	631.0	632.0	488	0.9	19.6	19.6
HBM25-367	Patch 7	470.5	481.5	374	10.8	6.7	6.7
and	undefined	492.0	495.8	386	3.7	8.9	8.9
and	Patch 7	539.7	544.7	419	4.8	5.4	5.4
HBM25-368A	Patch 7	1,123.0	1,127.0	700	3.9	12.5	12.5
HBM25-369	undefined	141.5	144.5	115	2.3	11.2	11.2
and	Patch 7	469.0	472.0	398	3.0	12.8	12.8
and	Patch 7	560.7	563.7	471	2.5	12.3	12.3
HBM25-376	Patch 7	362.1	368.0	290	5.7	6.6	6.6
HBM25-381	Patch 7	1,110.5	1,115.4	866	4.6	81.4	16.9
including	Patch 7	1,110.5	1,111.4	865	0.9	401.0	50.0
HBM25-383	undefined	757.0	766.5	596	8.9	5.0	5.0

*Results from Madrid use a capping factor ranging from 50 g/t goldto 75 g/t gold depending on the zone.

IVR and Whale Tail zones at Amaruq

Drill hole	Zone	From (metres)	To (metres)	Depth of midpoint below surface (metres)	Estimated true width (metres)	Gold grade (g/t) (uncapped)	Gold grade (g/t) (capped)*
AMQ24-3091	IVR	903.1	911.5	773	6.4	13.8	8.2
AMQ24-3091B	IVR	960.3	979.0	873	16.2	12.0	6.0
including		973.3	979.0	879	4.9	27.9	10.2
AMQ24-3105A	IVR	900.0	908.5	826	7.5	9.2	9.2
AMQ24-3190	IVR	140.5	146.5	172	4.3	21.0	21.0
including		144.1	144.9	173	0.6	89.4	89.4
AMQ24-3191	IVR	143.5	152.3	177	5.6	20.7	14.8
including		149.0	150.0	178	0.6	151.5	100.0
AMQ22-2852**	Whale Tail	976.8	991.8	848	10.5	9.1	9.1
AMQ22-2876A**	Whale Tail	1,051.0	1,069.2	1,000	18.2	7.4	7.4
AMQ24-3157	Whale Tail	946.7	952.0	890	4.6	11.8	11.8
AMQ25-3215B	Whale Tail	853.5	864.7	774	7.9	8.4	8.4
AMQ25-3217A	Whale Tail	916.6	926.4	865	4.1	7.1	7.1
AMQ25-3220	Whale Tail	819.0	829.8	750	7.7	4.7	4.7
AMQ25-3220B	Whale Tail	834.3	853.2	779	10.8	4.6	4.3
AMQ25-3221B	Whale Tail	638.1	643.9	547	4.1	45.7	12.8
and	Whale Tail	721.1	729.9	620	6.2	4.5	4.5

*Results from Amaruq mine use a capping factorranging from 20 g/t to 100 g/t gold depending on the zone.

**Previously released in AEM news releases datedOctober 26, 2022 and February 16, 2023.

Exploration Drill Collar Coordinates

Drill hole	UTM East*	UTM North*	Elevation (metres above sea level)	Azimuth (degrees)	Dip (degrees)	Length (metres)
Odyssey mine
MEV25-304	719125	5333939	334	14	-56	633
MEX23-309WZ	718682	5334767	307	162	-48	1,725
MEX24-322WBZA	718617	5334759	307	215	-70	2,382
MEX25-337	716867	5334695	317	190	-78	1,812
MEX25-337W	716867	5334695	317	190	-78	1,800
UGEG-075-054	717714	5334081	-342	166	-31	733
UGEG-075-056	717716	5334080	-339	174	-28	703
UGEG-083-016	717376	5333673	-498	234	-33	285
UGOD-058-005	717913	5334573	-264	114	-28	710
UGOD-075-032	718144	5334120	-254	351	-37	598
UGOD-075-043	718006	5334110	-261	5	-42	648
Marban
MRB25-005	278406	5336377	306	195	-46	483
MRB25-006	279318	5335303	300	196	-51	343
MRB25-015	279214	5335924	303	199	-60	157
MRB25-029	278945	5335900	303	176	-56	550
MRB25-030	279040	5335878	303	178	-50	631
MRB25-033	278982	5335542	300	180	-45	450
MRB25-034	278997	5335899	303	182	-62	307
MRB25-038	279101	5335557	298	180	-48	400
MRB25-038	279101	5335557	298	180	-48	400
MRB25-051	279034	5335735	301	184	-45	474
Detour Lake
DLM25-1144A	589207	5541635	284	180	-58	790
DLM25-1156	589736	5541449	282	179	-54	1,143
DLM25-1161	586878	5542169	300	182	-66	1,260
DLM25-1162	587320	5541904	295	175	-62	1,017
DLM25-1163	589674	5541450	284	178	-54	1,122
DLM25-1164	588125	5541728	287	178	-56	858
DLM25-1168	589267	5541636	284	180	-53	777
DLM25-1175	588122	5541831	287	179	-57	840
DLM25-1179B	586281	5541960	289	183	-67	750
DLM25-1188	586758	5542136	300	181	-65	1,152
Hope Bay
HBM25-349	434886	7548555	47	68	-74	738
HBM25-352	434626	7548127	33	79	-64	1,075
HBM25-354	435073	7547566	41	76	-61	801
HBM25-359	434891	7548722	39	70	-65	546
HBM25-364	434735	7548292	34	88	-72	1,112
HBM25-365	434979	7547863	38	64	-59	822
HBM25-367	435105	7548039	38	97	-62	661
HBM25-368A	434279	7548408	38	77	-53	1,200
HBM25-369	435071	7547856	39	76	-64	727

HBM25-376	435079	7547798	38	78	-61	747
HBM25-381	434334	7548811	51	73	-65	1,126
HBM25-383	434949	7547679	37	70	-62	933
Meadowbank
AMQ22-2852	606165	7255744	181	143	-73	1,095
AMQ22-2876A	606120	7255600	161	129	-75	1,143
AMQ24-3091	607955	7255946	165	297	-70	1,059
AMQ24-3091B	607955	7255946	165	297	-70	1,081
AMQ24-3105A	607828	7255878	167	295	-73	999
AMQ24-3157	606250	7255606	172	136	-78	1,003
AMQ24-3190	607118	7256280	111	328	-63	195
AMQ24-3191	607118	7256280	111	353	-63	231
AMQ25-3215B	606109	7255569	161	113	-65	892
AMQ25-3217A	606103	7255555	160	134	-69	961
AMQ25-3220	606316	7255690	163	141	-69	864
AMQ25-3220B	606316	7255690	163	141	-69	930
AMQ25-3221B	606380	7255686	164	147	-60	777

*Coordinate Systems: NAD 83 UTM Zone 17N for Odysseyand Marban; NAD 1983 UTM Zone 17N for Detour Lake; NAD 1983 UTM Zone 13N for Hope Bay; and NAD 1983 UTM Zone 14N for Meadowbank.

APPENDIX B – FINANCIAL INFORMATION

AGNICO EAGLE MINES LIMITED

SUMMARY OF OPERATIONS KEY PERFORMANCE INDICATORS

(thousands of United States dollars, except where noted)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2025			2024			2025			2024
Net income - key line items:
Revenue from mine operations:
LaRonde mine		221,527			159,294			678,936			435,799
LZ5		69,484			47,363			202,235			127,392
LaRonde		291,011			206,657			881,171			563,191
Canadian Malartic		543,870			345,969			1,463,134			1,092,558
Goldex		108,124			81,384			319,373			237,304
Quebec		943,005			634,010			2,663,678			1,893,053
Detour Lake		653,283			437,920			1,642,343			1,140,293
Macassa		282,208			162,334			778,101			455,203
Ontario		935,491			600,254			2,420,444			1,595,496
Meliadine		267,332			208,209			880,138			630,724
Meadowbank		476,831			315,047			1,216,631			873,047
Nunavut		744,163			523,256			2,096,769			1,503,771
Fosterville		142,448			167,368			406,122			433,429
Australia		142,448			167,368			406,122			433,429
Kittila		190,208			148,652			519,238			395,875
Finland		190,208			148,652			519,238			395,875
Pinos Altos		88,586			68,336			221,999			184,526
La India		—			13,733			—			55,903
Mexico		88,586			82,069			221,999			240,429
Corporate and Other		15,628			—			15,628			—
Revenues from mining operations	$	3,059,529		$	2,155,609		$	8,343,878		$	6,062,053
Production costs		839,321			783,653			2,396,241			2,339,222
Total operating margin⁽ⁱ⁾		2,220,208			1,371,956			5,947,637			3,722,831
Amortization of property, plant and mine development		429,947			390,245			1,223,703			1,125,859
Exploration, corporate and other		214,693			141,921			337,176			557,928
Income before income and mining taxes		1,575,568			839,790			4,386,758			2,039,044
Income and mining taxes expense		520,610			272,672			1,448,358			652,718
Net income for the period	$	1,054,958		$	567,118		$	2,938,400		$	1,386,326
Net income per share — basic	$	2.10		$	1.13		$	5.85		$	2.78
Net income per share — diluted	$	2.10		$	1.13		$	5.83		$	2.77

Cash flows:
Cash provided by operating activities	$	1,815,875		$	1,084,532		$	4,705,609		$	2,829,043
Cash used in investing activities	$	(288,064	)	$	(537,933	)	$	(1,548,940	)	$	(1,375,557	)
Cash used in provided by financing activities	$	(732,120	)	$	(493,545	)	$	(1,734,241	)	$	(813,813	)

Realized prices:
Gold (per ounce)	$	3,476		$	2,492		$	3,221		$	2,297
Silver (per ounce)	$	43.43		$	30.69		$	37.80		$	28.31
Zinc (per tonne)	$	2,694		$	2,822		$	2,728		$	2,697
Copper (per tonne)	$	10,190		$	8,254		$	9,696		$	9,304

AGNICO EAGLE MINES LIMITED

SUMMARY OF OPERATIONS KEY PERFORMANCE INDICATORS

(thousands of United States dollars, except where noted)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Payable production⁽ⁱⁱ⁾:
Gold (ounces):
LaRonde mine		59,172		47,313		201,319		161,388
LZ5		22,350		18,292		62,946		54,915
LaRonde		81,522		65,605		264,265		216,303
Canadian Malartic		156,875		141,392		489,179		509,169
Goldex		29,375		30,334		92,509		98,472
Quebec		267,772		237,331		845,953		823,944
Detour Lake		176,539		173,891		497,649		492,889
Macassa		78,832		70,727		252,224		203,048
Ontario		255,371		244,618		749,873		695,937
Meliadine		93,836		99,838		282,611		284,238
Meadowbank		136,152		133,502		378,213		387,695
Nunavut		229,988		233,340		660,824		671,933
Fosterville		34,966		65,532		128,155		188,064
Australia		34,966		65,532		128,155		188,064
Kittila		57,954		56,715		162,415		166,967
Finland		57,954		56,715		162,415		166,967
Pinos Altos		20,885		21,371		59,539		69,850
Creston Mascota		—		9		—		50
La India		—		4,529		—		21,190
Mexico		20,885		25,909		59,539		91,090
Total gold (ounces):		866,936		863,445		2,606,759		2,637,935

Silver (thousands of ounces)		630		602		1,843		1,845
Zinc (tonnes)		1,924		914		6,051		4,479
Copper (tonnes)		1,468		797		4,013		2,673

AGNICO EAGLE MINES LIMITED

SUMMARY OF OPERATIONS KEY PERFORMANCE INDICATORS

(thousands of United States dollars, except where noted)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Payable metal sold⁽ⁱⁱⁱ⁾:
Gold (ounces):
LaRonde mine		57,650		58,357		194,191		175,086
LZ5		19,574		18,920		62,450		55,436
LaRonde		77,224		77,277		256,641		230,522
Canadian Malartic		157,228		139,694		452,721		475,893
Goldex		28,479		31,671		92,339		99,896
Quebec		262,931		248,642		801,701		806,311
Detour Lake		188,008		176,585		509,522		497,215
Macassa		81,330		65,000		241,475		197,840
Ontario		269,338		241,585		750,997		695,055
Meliadine		76,739		83,900		274,197		276,878
Meadowbank		136,974		126,010		379,548		378,123
Nunavut		213,713		209,910		653,745		655,001
Fosterville		41,300		67,198		125,800		187,247
Australia		41,300		67,198		125,800		187,247
Kittila		55,000		59,464		162,000		171,448
Finland		55,000		59,464		162,000		171,448
Pinos Altos		21,734		23,700		59,573		69,510
La India		—		5,400		—		24,620
Mexico		21,734		29,100		59,573		94,130

Corporate and Other		4,547		—		4,547		—

Total gold (ounces):		868,563		855,899		2,558,363		2,609,192

Silver (thousands of ounces)		653		573		1,754		1,814
Zinc (tonnes)		1,977		1,748		6,180		4,802
Copper (tonnes)		1,438		806		3,998		2,681

Notes:

(i) Operating margin is not a recognizedmeasure under IFRS Accounting Standards and this data may not be comparable to data reported by other gold producers. See Note RegardingCertain Measures of Performance – Operating Margin for more information on the Company's calculation and use of operating margin.

(ii) Payable production (a non-GAAPnon-financial performance measure) is the quantity of mineral produced during a period contained in products that are or will be soldby the Company, whether such products are sold during the period or held as inventories at the end of the period. For the threemonths ended September 30, 2025, it excludes 945 payable gold ounces produced at La India and 189 payable gold ounces produced atCreston Mascota as well as 2,442 ounces of gold recovered at Hope Bay. For the nine months ended September 30, 2025, it excludes3,614 payable gold ounces produced at La India and 253 payable gold ounces produced at Creston Mascota as well as 2,442 ounces of goldrecovered at Hope Bay.

(iii) Canadian Malartic payable metal sold excludes the 5.0% in-kind net smelter return royalty held by Osisko Gold Royalties Ltd. Detour Lake payable metal sold excludes the 2.0% in-kind net smelter royalty held by Franco-Nevada Corporation. Macassa payable metal sold excludes the 1.5% in-kind net smelter royalty held by Franco-Nevada Corporation. For the nine months ended September 30, 2025, it excludes 2,500 payable gold ounces sold at La India.

AGNICO EAGLE MINES LIMITED

CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS

(thousands of United States dollars, except share amounts) (Unaudited)

	As at		As at
	September 30, 2025		December 31, 2024
ASSETS
Current assets:
Cash and cash equivalents	$	2,354,759	$	926,431
Inventories		1,716,135		1,510,716
Income taxes recoverable		15,509		26,432
Fair value of derivative financial instruments		19,815		1,348
Other current assets		362,135		340,354
Total current assets		4,468,353		2,805,281
Non-current assets:
Goodwill		4,157,672		4,157,672
Property, plant and mine development		22,172,275		21,466,499
Investments		952,346		612,889
Deferred income and mining tax asset		24,784		29,198
Other assets		911,483		915,479
Total assets	$	32,686,913	$	29,987,018

LIABILITIES
Current liabilities:
Accounts payable and accrued liabilities	$	1,064,013	$	817,649
Share based liabilities		36,299		27,290
Interest payable		2,719		5,763
Income taxes payable		841,710		372,197
Current portion of long-term debt		—		90,000
Reclamation provision		104,102		58,579
Lease obligations		39,694		40,305
Fair value of derivative financial instruments		19,193		100,182
Total current liabilities		2,107,730		1,511,965
Non-current liabilities:
Long-term debt		195,994		1,052,956
Reclamation provision		1,236,085		1,026,628
Lease obligations		99,856		98,921
Share based liabilities		19,843		12,505
Deferred income and mining tax liabilities		5,259,773		5,162,249
Other liabilities		260,175		288,894
Total liabilities		9,179,456		9,154,118

EQUITY
Common shares:
Outstanding - 502,544,235 common shares issued, less 497,673 shares held in trust		18,812,225		18,675,660
Stock options		165,569		172,145
Retained earnings		4,368,424		2,026,242
Other reserves		161,239		(41,147	)
Total equity		23,507,457		20,832,900
Total liabilities and equity	$	32,686,913	$	29,987,018

AGNICO EAGLE MINES LIMITED

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF INCOME

(thousands of United States dollars, except per share amounts) (Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2025			2024			2025			2024
REVENUES
Revenues from mining operations	$	3,059,529		$	2,155,609		$	8,343,878		$	6,062,053

COSTS, INCOME AND EXPENSES
Production⁽ⁱ⁾		839,321			783,653			2,396,241			2,339,222
Exploration and corporate development		59,630			60,335			153,535			166,788
Amortization of property, plant and mine development		429,947			390,245			1,223,703			1,125,859
General and administrative		67,761			48,500			186,360			145,436
Finance costs		24,154			28,527			74,027			99,265
Loss (gain) on derivative financial instruments		20,242			(17,153	)		(173,881	)		48,390
Foreign currency translation (gain) loss		(6,559	)		3,436			(18,190	)		(748	)
Care and maintenance		17,866			13,810			47,449			35,078
Other expenses		31,599			4,466			67,876			63,719
Income before income and mining taxes		1,575,568			839,790			4,386,758			2,039,044
Income and mining taxes expense		520,610			272,672			1,448,358			652,718
Net income for the period	$	1,054,958		$	567,118		$	2,938,400		$	1,386,326

Net income per share - basic	$	2.10		$	1.13		$	5.85		$	2.78
Net income per share - diluted	$	2.10		$	1.13		$	5.83		$	2.77
Adjusted net income per share - basic⁽ⁱⁱ⁾	$	2.16		$	1.14		$	5.64		$	2.97
Adjusted net income per share - diluted⁽ⁱⁱ⁾	$	2.16		$	1.14		$	5.62		$	2.97

Weighted average number of common shares outstanding (in thousands):
Basic		502,178			500,974			502,389			499,343
Diluted		503,539			502,106			503,768			500,196

Notes:

⁽ⁱ⁾ Exclusive of amortization, which is shown separately.

⁽ⁱⁱ⁾Adjusted net income per share is not a recognized measure under IFRS Accounting Standards and this data may not be comparable to data reported by other companies. See Note Regarding Certain Measures of Performance – Adjusted Net Income and Adjusted Net Income per Share for a discussion of the composition and usefulness of this measure and a reconciliation to the nearest IFRS Accounting Standards measure.

AGNICO EAGLE MINES LIMITED

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

(thousands of United States dollars) (Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2025			2024			2025			2024
OPERATING ACTIVITIES
Net income for the period	$	1,054,958		$	567,118		$	2,938,400		$	1,386,326
Add (deduct) adjusting items:
Amortization of property, plant and mine development		429,947			390,245			1,223,703			1,125,859
Deferred income and mining taxes		64,616			58,641			74,341			152,788
Unrealized loss (gain) on currency and commodity derivatives		50,343			(24,169	)		(99,455	)		38,363
Unrealized gain on warrants		(25,613	)		(53	)		(87,044	)		(3,903	)
Stock-based compensation		37,913			21,242			86,695			58,957
Foreign currency translation (gain) loss		(6,559	)		3,436			(18,190	)		(748	)
Other		55,639			11,010			84,270			33,144
Changes in non-cash working capital balances:
Income taxes		189,741			95,930			491,108			142,732
Inventories		(143,052	)		(156,871	)		(165,196	)		(165,727	)
Other current assets		(11,022	)		41,263			(17,784	)		(16,237	)
Accounts payable and accrued liabilities		122,303			80,704			198,893			74,622
Interest payable		(3,339	)		(3,964	)		(4,132	)		2,867
Cash provided by operating activities		1,815,875			1,084,532			4,705,609			2,829,043

INVESTING ACTIVITIES
Additions to property, plant and mine development		(626,330	)		(464,101	)		(1,616,930	)		(1,255,786	)
Purchase of O3 Mining, net of cash and cash equivalents acquired		—			—			(121,960	)		—
Contributions for acquisition of mineral assets		—			(4,197	)		(8,400	)		(11,296	)
Purchase of equity securities and other investments		(60,142	)		(73,341	)		(198,503	)		(114,644	)
Proceeds on sale of equity securities and other investments		402,720			—			402,720			—
Other investing activities		(4,312	)		3,706			(5,867	)		6,169
Cash used in investing activities		(288,064	)		(537,933	)		(1,548,940	)		(1,375,557	)

FINANCING ACTIVITIES
Proceeds from Credit Facility		—			—			—			600,000
Repayment of Credit Facility		—			—			—			(600,000	)
Repayment of Term Loan Facility		—			(275,000	)		—			(275,000	)
Repayment of Senior Notes		(400,000	)		(100,000	)		(950,000	)		(100,000	)
Debt financing and extinguishment costs		(8,245	)		—			(8,245	)		(3,544	)
Repayment of lease obligations		(8,620	)		(12,461	)		(26,970	)		(38,142	)
Dividends paid		(186,350	)		(176,314	)		(542,695	)		(497,829	)
Repurchase of common shares		(149,855	)		(30,080	)		(309,843	)		(106,121	)
Proceeds on exercise of stock options		10,411			90,923			72,257			178,735
Common shares issued		10,539			9,387			31,255			28,088
Cash used in financing activities		(732,120	)		(493,545	)		(1,734,241	)		(813,813	)
Effect of exchange rate changes on cash and cash equivalents		1,503			2,172			5,900			(1,106	)
Net increase in cash and cash equivalents during the period		797,194			55,226			1,428,328			638,567
Cash and cash equivalents, beginning of period		1,557,565			921,989			926,431			338,648
Cash and cash equivalents, end of period	$	2,354,759		$	977,215		$	2,354,759		$	977,215

SUPPLEMENTAL CASH FLOW INFORMATION
Interest paid	$	7,795		$	26,870		$	46,213		$	76,773
Income and mining taxes paid	$	261,403		$	119,178		$	877,708		$	377,555