AGNICO EAGLE MINES LTD

Agnico Eagle Mines reported a rock mass movement at its Barnat open pit at the Canadian Malartic complex, leading to a temporary suspension of mining operations. While there were no injuries or equipment damage, the company expects a reduction of 60,000 to 80,000 ounces of gold production in the second half of 2026, pushing full-year 2026 production to the lower end of its guidance. Further reductions of up to 150,000 ounces per year are anticipated for 2027 and 2028, though the Odyssey mine and the long-term 1 million ounces gold target for the complex remain unaffected.

Agnico Eagle Mines Limited announced it will release its second quarter 2026 financial and operating results on Wednesday, July 29, 2026, after market close. The company will host a conference call and webcast on Thursday, July 30, 2026, at 11:00 AM E.D.T. to discuss these results. Details for accessing the live webcast and phone conference call, including replay information, were provided.

Agnico Eagle Mines Limited announced a strategic investment in Wallbridge Mining Company Limited, agreeing to purchase 243,927,966 common shares for C$22,441,373. This transaction will increase Agnico Eagle's ownership stake in Wallbridge from approximately 9.44% to 19.62% on a non-diluted basis. The investment is part of Agnico Eagle's strategy to acquire strategic positions in prospective opportunities and includes investor rights such as participation in future equity financings and the right to nominate a director to Wallbridge's board.

Agnico Eagle Mines Limited has approved the investment decision for its Hope Bay project in Nunavut, Canada, following a positive preliminary economic assessment. The project is expected to produce over 400,000 ounces of gold annually over an initial 11-year mine life, supported by a 6,000 tpd processing facility. Initial development capital is estimated at $2.4 billion, with strong economic returns projected, including an after-tax IRR of 26% and NPV of $4.3 billion at current gold prices. The project also benefits from significant exploration upside and Canadian government support for clean energy.

Agnico Eagle Mines reported record first quarter 2026 operating margins and adjusted net income of $1,706 million ($3.41 per share), driven by solid production and higher realized gold prices. The company reiterated its full-year 2026 gold production guidance of 3.3 to 3.5 million ounces and announced proposed acquisitions in Finland's Central Lapland Greenstone Belt to establish a 500,000-ounce-per-year gold production hub. Agnico Eagle also increased its cash balance to $3.11 billion and plans to renew and increase its share repurchase program to $2 billion.

Agnico Eagle Mines Ltd. announced a comprehensive consolidation of properties in the Central Lapland Greenstone Belt of Northern Finland, including the acquisition of Rupert Resources and Aurion Resources. For Q1 2026, the company reported a significant increase in net income to $1,695.5 million, or $3.39 per share, driven by a 66.1% rise in revenues from mining operations to $4,099.6 million, primarily due to a 68.1% higher realized gold price. Despite a 5.6% decrease in gold production to 825,109 ounces and increased cash costs, operating margins and free cash flow improved substantially.