#1AGNICO EAGLE CIBC 24th Annual Western Institutional Investor Conference January 20-21, 2021#2Forward Looking Statements AGNICO EAGLE The information in this presentation has been prepared as at January 11, 2021. Certain statements contained in this presentation constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under the provisions of Canadian provincial securities laws and are referred to herein as "forward-looking statements". When used in this presentation, the words "anticipate", "could", "estimate", "expect", "forecast", "future", "plan", "possible", "potential", "will" and similar expressions are intended to identify forward-looking statements. Such statements include, without limitation: statements regarding the Company's proposed acquisition of TMAC Resources Inc.; statements regarding the Company's plans to ramp-up and optimize operations following temporary suspensions of operations related to the COVID-19 pandemic, including the timing thereof and impacts on anticipated gold production and costs; statements regarding the impact of the COVID-19 pandemic and measures taken to reduce the spread of COVID-19 on the Company's operations, including its employees and overall business; the Company's forward-looking production guidance, including estimated ore grades, recovery rates, project timelines, drilling results, metal production, life of mine estimates, total cash costs per ounce, all-in sustaining costs per ounce, minesite costs per tonne, other expenses, cash flows and free cash flow; the estimated timing and conclusions of technical studies and evaluations; the methods by which ore will be extracted or processed; statements concerning the Company's expansion plans at Kittila, Meliadine Phase 2 and the Amaruq underground project and the Company's ramp-up of operations at Meliadine and Amaruq, including the timing, funding, completion and commissioning thereof; statements concerning other expansion projects, recovery rates, mill throughput, optimization and projected exploration, including costs and other estimates upon which such projections are based; statements regarding 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 and production and other capital costs and estimates of the timing of such exploration, development and production or decisions with respect to such exploration, development and production; estimates of mineral reserves and mineral resources and the effect of drill results on future mineral reserves and mineral resources; statements regarding the Company's ability to obtain the necessary permits and authorizations in connection with its proposed or current exploration, development and mining operations and the anticipated timing thereof; statements regarding anticipated future exploration; the anticipated timing of events with respect to the Company's mine sites; statements regarding the sufficiency of the Company's cash resources; and statements regarding 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 presentation and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The material factors and assumptions used in the preparation of the forward looking statements contained herein, which may prove to be incorrect, include, but are not limited to, the assumptions set forth herein and in management's discussion and analysis ("MD&A") and the Company's Annual Information Form ("AIF") for the year ended December 31, 2019 filed with Canadian securities regulators and that are included in its Annual Report on Form 40-F for the year ended December 31, 2019 ("Form 40-F") filed with the U.S. Securities and Exchange Commission (the "SEC") as well as: that the Company's proposed acquisition of TMAC Resources Inc. will be completed on the terms and time line as expected by the Company, including that the proposed transaction will receive the necessary court approval; that governments, the Company or others do not take additional measures in response to the COVID-19 pandemic or otherwise that, individually or in the aggregate, materially affect the Company's ability to operate its business; that cautionary measures taken in connection with the COVID-19 pandemic do not affect productivity; that measures taken relating to, or other effects of, the COVID-19 pandemic do not affect the Company's ability to obtain necessary supplies and deliver them to its mine sites; 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 basis consistent with current expectations and plans; that the relevant metal prices, foreign exchange rates and prices for key mining and construction supplies will be consistent with Agnico Eagle's expectations; 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 the LaRonde Complex and other properties is as expected by the Company; that the Company's current plans to optimize production are successful; and that there are no material variations in the current tax and regulatory environment. Many factors, known and unknown, could cause the actual results to be materially different from those expressed or implied by such forward looking statements. Such risks include, but are not limited to: the extent and manner to which COVID-19, and measures taken by governments, the Company or others to attempt to reduce the spread of COVID-19, may affect the Company, whether directly or through effects on employee health, workforce productivity and availability (including the ability to transport personnel to the Meadowbank Complex and Meliadine mine which operate as fly-in/fly-out camps), travel restrictions, contractor availability, supply availability, ability to sell or deliver gold dore bars or concentrate, availability of insurance and the cost thereof, the ability to procure inputs required for the Company's operations and projects or other aspects of the Company's business; uncertainties with respect to the effect on the global economy associated with the COVID-19 pandemic and measures taken to reduce the spread of COVID-19, any of which could negatively affect financial markets, including the trading price of the Company's shares and the price of gold, and could adversely affect the Company's ability to raise capital; the volatility of prices of gold and other metals; uncertainty of mineral reserves, mineral resources, mineral grades and mineral recovery estimates; uncertainty of future production, project development, capital expenditures and other costs; foreign exchange rate fluctuations; financing of additional capital requirements; cost of exploration and development programs; seismic activity at the Company's operations, including the LaRonde Complex; mining risks; community protests, including by First Nations groups; risks associated with foreign operations; governmental and environmental regulation; the volatility of the Company's stock price; and risks associated with the Company's currency, fuel and by-product metal derivative strategies. For a more detailed discussion of such risks and other factors that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this presentation, see the AIF and MD&A filed on SEDAR at www.sedar.com and included in the Form 40-F filed on EDGAR at www.sec.gov, as well as the Company's other filings with the Canadian securities regulators and the SEC. Other than as required by law, the Company does not intend, and does not assume any obligation, to update these forward-looking statements. Currency All amounts in this presentation are expressed in U.S. dollars except as otherwise noted. Further Information For further details on Agnico Eagle's third quarter 2020 results, please see the Company's news release dated October 28, 2020. Front Cover Agnico Eagle's Goldex mine located in the Abitibi region of northwestern Quebec, taken in the third quarter of 2019. CIBC 24th Annual Western Institutional Investor Conference 2#3Notes to Investors Note Regarding the Use of Non-GAAP Financial Measures AGNICO EAGLE This presentation discloses certain measures, including "total cash costs per ounce", "all-in sustaining costs per ounce", "minesite costs per tonne", "operating margin" and "free cash-flow" that are not standardized measures under IFRS. These measures may not be comparable to similar measures reported by other gold mining companies. For a reconciliation of these measures to the most directly comparable financial information reported in the consolidated financial statements prepared in accordance with IFRS and for an explanation of how management uses these measures, see "Non-GAAP Financial Performance Measures" in the MD&A filed on SEDAR at www.sedar.com and included in the Form 6-K filed on EDGAR at www.sec.gov, as well as the Company's other filings with the Canadian securities regulators and the SEC. The total cash costs per ounce of gold produced is reported on both a by-product basis (deducting by-product metal revenues from production costs) and co-product basis (without deducting by- product metal revenues). Unless otherwise specified total cash costs per ounce of gold produced is reported on a by-product basis in this presentation. The total cash costs per ounce of gold produced on a by-product basis is calculated by adjusting production costs as recorded in the consolidated statements of income (loss) for by-product revenues, inventory production costs, smelting, refining and marketing charges and other adjustments, and then dividing by the number of ounces of gold produced. The total cash costs per ounce of gold produced on a co-product basis is calculated in the same manner as the total cash costs per ounce of gold produced on a by-product basis except that no adjustment is made for by-product metal revenues. Accordingly, the calculation of total cash costs per ounce of gold produced on a co-product basis does not reflect a reduction in production costs or smelting, refining and marketing charges associated with the production and sale of by-product metals. The total cash costs per ounce of gold produced is intended to provide information about the cash-generating capabilities of the Company's mining operations. Management also uses this measure to monitor the performance of the Company's mining operations. As market prices for gold are quoted on a per ounce basis, using the total cash costs per ounce of gold produced on a by-product basis measure allows management to assess a mine's cash-generating capabilities at various gold prices. All-in sustaining costs per ounce ("AISC") is used to show the full cost of gold production from current operations. The Company calculates all-in sustaining costs per ounce of gold produced on a by-product basis as the aggregate of total cash costs on a by-product basis, sustaining capital expenditures (including capitalized exploration), general and administrative expenses (including stock options), lease payments related to sustaining assets and reclamation expenses, and then dividing by the number of ounces of gold produced. The all-in sustaining costs per ounce of gold produced on a co-product basis is calculated in the same manner as the all-in sustaining costs per ounce of gold produced on a by-product basis, except that the total cash costs per ounce on a co-product basis are used, meaning no adjustment is made for by-product metal revenues. Management is aware that these per ounce measures of performance can be affected by fluctuations in foreign exchange rates and, in the case of total cash costs per ounce of gold produced on a by-product basis, by-product metal prices. Management compensates for these inherent limitations by using these measures in conjunction with minesite costs per tonne (discussed below) as well as other data prepared in accordance with IFRS. The World Gold Council ("WGC") is a non-regulatory market development organization for the gold industry. Although the WGC is not a mining industry regulatory organization, it has worked closely with its member companies to develop relevant non-GAAP measures. The Company follows the guidance on all-in sustaining costs released by the WGC in November 2018. Adoption of the all-in sustaining costs metric is voluntary and, notwithstanding the Company's adoption of the WGC's guidance, all-in sustaining costs per ounce of gold produced reported by the Company may not be comparable to data reported by other gold mining companies. The Company believes that this measure provides helpful information about operating performance. However, this non-GAAP measure should be considered together with other data prepared in accordance with IFRS as it is not necessarily indicative of operating costs or cash flow measures prepared in accordance with IFRS. Minesite costs per tonne are calculated by adjusting production costs as recorded in the consolidated statements of income (loss) for inventory production costs and other adjustments, and then dividing by tonnes of ore processed. As the total cash costs per ounce of gold produced can be affected by fluctuations in by product metal prices and foreign exchange rates, management believes that minesite costs per tonne provide additional information regarding the performance of mining operations, eliminating the impact of varying production levels. Management also uses this measure to determine the economic viability of mining blocks. As each mining block is evaluated based on the net realizable value of each tonne mined, in order to be economically viable the estimated revenue on a per tonne basis must be in excess of the minesite costs per tonne. Management is aware that this per tonne measure of performance can be impacted by fluctuations in processing levels and compensates for this inherent limitation by using this measure in conjunction with production costs prepared in accordance with IFRS. Operating margin is not a recognized measure under IFRS and this data may not be comparable to data presented by other gold producers. This measure is calculated by excluding the following from net income as recorded in the condensed interim consolidated financial statements: Income and mining taxes expense; Other expenses (income); Foreign currency translation loss (gain); Gain (loss) on derivative financial instruments; Finance costs; General and administrative expenses; Amortization of property, plant and mine development; Exploration and corporate development expenses; and Impairment losses (reversals). The Company believes that operating margin is a useful measure that represents the operating performance of its mines associated with the ongoing production and sale of gold and by-product metals. Management uses this measure internally to plan and forecast future operating results. This measure is intended to provide investors with additional information about the Company's underlying operating results and should be evaluated in conjunction with other data prepared in accordance with IFRS. Free cash flow is calculated by deducting additions to property, plant and mine development from cash provided by operating activities including changes in non-cash working capital balances. Management uses free cash flow to assess the availability of cash, after funding operations and capital expenditures, to operate the business without additional borrowing or drawing down on the Company's existing cash balance. Note Regarding Production Guidance The gold production guidance is based on the Company's mineral reserves but includes contingencies and assumes metal prices and foreign exchange rates that are different from those used in the mineral reserve estimates. These factors and others mean that the gold production guidance presented in this presentation does not reconcile exactly with the production models used to support these mineral reserves. CIBC 24th Annual Western Institutional Investor Conference | 3#4Building A Long Term, Sustainable, Self Funding Business AGNICO EAGLE Solid Operating Performance Exceeded production guidance for eight consecutive years ➤ Record cash flow from operations in Q3 2020 New operational records were established at several of the Company's mines in Q3 2020 Growing at a Steady, Measured Pace ➤ ➤ 24% production growth forecast from 2020 to 2022 supported by quality mineral reserve A growing exploration story at existing assets Opportunities to secure the project pipeline post 2027 and add value from longer term projects Strong Financial Position $1.5B of available liquidity (Sept. 30, 2020) 75% increase in dividend to $0.35/sh per quarter or $1.40/sh per year in Q3 2020 A cash dividend has been declared every year since 1983 Consistent Strategy ➤ Strategy is to grow production per share by focusing on geological potential ➤ Operating in low-political risk, pro-mining jurisdictions and building a competitive advantage ➤ Recognized for our leading industry practices in ESG by independent research agencies CIBC 24th Annual Western Institutional Investor Conference | 4#5Gold Ounces (in Millions) Gold Production Forecast to Increase by 24% from 2020 to 2022 Key Pipeline Projects Expected to Drive Future Production Growth 2.50 Key Near-Term Pipeline Projects (2020-2023) Kittila expansion Meliadine Phase 2 expansion Amaruq U/G Odyssey, East Malartic & East Gouldie U/G AGNICO EAGLE $1,000 $950 2.10 2.05 $900 2.00 1.78 1.67 1.66 1.71 1.63 1.70* $850 $800 1.50 1.43 $750 1.10 1.04 $700 1.00 $650 $600 0.50 $550 $500 0.00 $450 2012 2013 2014 2015 2016 2017 2018 2019 2020E 2021E 2022E 2023E and onwards *Mid-point of new 2020 Guidance issued to reflect impact of COVID-19 pandemic on AEM's operations Production Cash Costs CIBC 24th Annual Western Institutional Investor Conference 5 Cash Costs#6Focused on Growing Value on a per Share Basis Consistent Strategy that Works Grow per share gold production at a measured and sustainable rate Production per 1000 shares Compound Annual Growth Rate ("CAGR") from 2005 to 2022 of 7% vs an average of -5% for North American Peers AGNICO EAGLE NAV per Share CAGR from 2005 to 2020 of 11% vs an average of 3% for North American Peers 10.0 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 10 2005 2006 2007 2008 2009 2010 2011 2012 Source: Company reports Production Per 1000 Shares 2013 2014 2015 2016 2017 2018 2019 2020E 2021E 2022E -5% 90 0% 10% 15% 11% NAVPS CAGR (January 1, 2005 - December 31, 2020) 5% 5% 4% 4% 3% 3% 1% Agnico Eagle Yamana Kinross Newmont Peers Average* Source: Scotia bank Global Banking and Markets, Bloomberg * Peers Average includes Barrick, Newmont, Kinross, Yamana, IAMGOLD IAMGOLD Barrick CIBC 24th Annual Western Institutional Investor Conference | 6#7Low Jurisdictional Risk, Low Complexity INCREASED BUSINESS COMPLEXITY INCREASED JURISDICTION MINING-RELEVANT RISK Agnico Eagle Yamana Kirkland Lake Newmont Barrick Eldorado Gold Kinross Newcrest Centerra Gold AGNICO EAGLE 14 12 12 10 10 80 6 Number of Operating Countries IAMGOLD 4 2 0 80 75 70 65 60 55 50 Bubble size represents 2021 gold production guidance Jurisdiction Mining-Relevant Risk Source: World Risk Report 2019, Mining Journal; Agnico Eagle; Companies' websites CIBC 24th Annual Western Institutional Investor Conference 7#8Financial Position Strong Financial Flexibility; Bank Credit Facility Fully Repaid Strong Available Liquidity - $1.5B* $1,200 M Cash and cash equivalents *As at September 30, 2020, excluding $300M accordion $322 M Undrawn credit facilities AGNICO EAGLE ➤ As of September 30, 2020, the Company had strong liquidity with $322M in cash and cash equivalents and $1.2B (excluding $300M accordion) in undrawn credit lines available Low share count of 244M fully diluted shares after 62 years of operating history Committed to an investment grade credit rating Debt Maturities* ** Agency Rating Fitch BBB (Stable) $250 DBRS BBB (Stable) $300 $250 $225 $200 $200 $150 $155 $150 $110 $100 $100 $90 $100 $95 $100 $50 $0 $0 $- 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 **As at September 30, 2020, in million $ CIBC 24th Annual Western Institutional Investor Conference | 8#9Agnico Eagle's Growing Business Positioned to Generate Rising Free Cash Flow AGNICO EAGLE $3,000,000 $2,800,000 Potential uses of rising cash flow: Funding internal pipeline projects Reduce net debt Increase dividends Increase exploration spending • $2,600,000 • $2,400,000 $2,200,000 . $2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $- 2014 2015 2016 2017 2018 2019 Sustaining Capex Growth Capex Mine Operating Margin (Au $1800/oz)* * Mine Operating Margin = ounces x (gold price - total cash costs per ounce). ** 2020 Guidance issued in July 2020 to reflect impact of COVID-19 pandemic on AEM's operations ** 2020E Potential Total Capex 2021E Mine Operating Margin (Au $2000/oz)* 2022E ~$420M CIBC 24th Annual Western Institutional Investor Conference 9#10Significant Margin Expansion Expected With Rising Gold Prices Agnico Eagle - Strong Free Cash-Flow Margins AGNICO EAGLE 45% 40% 35% FCF Margins* (2021E) Sensitivity to Gold Price 30% 25% 20% 15% 10% 5% 11 $1,500 $1,750 $2,000 0% Kirkland Lake Gold Agnico Eagle Kinross Gold Yamana Gold Newmont Barrick Gold ** Peers Average** Source: Scotiabank GBM estimates. * FCF = attributable CFO (after interest) less attributable capex. FCF margin = FCF per oz divided by the gold price. **Peers Average include Agnico Eagle, Anglo Gold Ashanti, Barrick Gold, Gold Fields, Kinross Gold, Kirkland Lake Gold, Newmont, Alamos Gold, B2Gold, Centerra Gold, Eldorado Gold, Endeavour Mining, IAMGOLD, Yamana Gold. CIBC 24th Annual Western Institutional Investor Conference | 10#11(In Thousands) Agnico Eagle's Long History of Returning Value to Shareholders Dividend Increased by 75% in Q3 2020 to an annualized rate $1.40/share AGNICO EAGLE $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 ~$1.3B in cumulative dividends over the last 38 years 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020** Total Annual Dividend Q1 2020 Q2 2020 Q3 2020 E.Q4 2020 Average Gold Price **Q4 dividend assumes consistent payment as per Q3, Q4 dividend has not yet been declared or approved $2,500 $2,000 $1,500 $1,000 $500 CIBC 24th Annual Western Institutional Investor Conference 11 US$ per ounce#12Focused on Continuous Improvement in ESG Environment We focus on limiting our environmental impacts by: • using natural resources efficiently • preventing or limiting emissions reducing waste We identify, analyze and manage our environmental risks AGNICO EAGLE Recognized for our leading industry practices in ESG by independent research agencies Company Credit Suisse ESG Rank Bloomberg Thomson Sustainalytics Reuters ESG ESG Rank Rank MSCI Rating Agnico Eagle 1 4 2 AA Yamana 2 2 2 BBB Alamos Gold 3 3 Newmont 4 1 1 A Kirkland Lake 5 6 BB Kinross 6 3 2 BBB Eldorado Gold 7 3 8 4 Social We act in a socially responsible manner and contribute to the communities in which we operate We are committed to working with our employees and other stakeholders to create growth and prosperity We work in a transparent manner with local stakeholders We have established a committee to provide us with feedback on our corporate social responsibility efforts Governance We act in an ethically responsible manner and uphold our core values using our: Centerra Gold Endeavour Mining 6 4 IAMGOLD 10 Barrick 11 5 3 BBB New Gold 12 6 • Code of Business Conduct • Ethics & anti-corruption, anti-bribery policy • Our supplier code of conduct • Our SD policy • Our Indigenous Peoples Engagement Policy • Our Diversity and Inclusion Policy Source: Credit Suisse ESG Report, Bloomberg, Thompson Reuters, MSCI website BEST 50 CORPORATE CITIZENS ROBECOSAM CDP We are Sustainability Investing. +CDP SVIH KUWAIT SH Winner of the 2020 Towards Sustainable MiningⓇ (TSM) Environmental Excellence Award from the Mining Association of Canada CIBC 24th Annual Western Institutional Investor Conference 12#13Focused on Continuous Improvement in ESG 3.0 Environment GLOBAL AVERAGE GHG EMISSION INTENSITY* (tonnes of CO2 eq. per ounce of gold) Social LOST-TIME ACCIDENTS FREQUENCY* (per 1,000,000 person hours worked) 8.0 6.0 2.0 4.0 1.0 2.0 0.0 0.0 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 AEM Peers Average AEM Peers Average FRESH WATER INTENSITY* (kl of water withdrawn per ounce of gold) 40 30 20 10 0 2015 2016 2017 2018 2019 AEM Peers Average DIVERSITY AND INCLUSION Female Employees 18% 16% AEM A NEM 14% AGI 12% KL CG KGC • 10% GOLD 8% EDV AUY • 6% 0% 10% 20% Women in Board 30% 40% 50% • TOTAL MINE WASTE AND TAILINGS* (tonnes of waste and tailings per ounce of gold) ECONOMIC CONTRIBUTIONS IN 2019 $1.47B $7.4M 150 100 50 0 2015 2016 2017 2018 2019 AEM Peers Average Payments to suppliers Community Investments $59M $637M Payments to governments for income and mining taxes Wages and benefits • • Governance OVERSIGHT AGNICO EAGLE • HSE/SD Committee of the Board • Stakeholder Advisory Committee . Integrated Management System Towards Sustainable Mining (TSM) International Cyanide Management Code Global Reporting Initiative EXTERNAL VERIFICATION TSM audit (every 3 years) International Cyanide Management Code (every 3 years) Voluntary Principles on Security and Human Rights (every 3 years) Conflict-Free Gold (Annually) • Tailings Management (Annually) . *Source: Metals Focus - Gold Peer Group Environmental, Social and Governance Analysis: 2014 to 2019; Credit Suisse ESG Report CIBC 24th Annual Western Institutional Investor Conference 13#14Superior Share Performance Since 1998 Agnico Eagle Has Consistently Outperformed Gold and Gold Equities 10000% AEM US Equity Gold Spot S&P 500 Index XAU Index 1998-08-03 1999-09-22 2000-11-10 2001-12-30 2003-02-18 Source: Bloomberg - August 3, 1998 to January 11, 2021 2004-04-08 2005-05-28 2006-07-17 2007-09-05 2008-10-24 2009-12-13 2011-02-01 2012-03-22 2013-05-11 2014-06-30 2015-08-19 ไม่ 1000% 2016-10-07 2017-11-26 2019-01-15 2020-03-05 10% AGNICO EAGLE AEM US Equity CAGR 13.32% Gold Spot CAGR 8.72% 100% S&P 500 Index CAGR 5.62% XAU Index CAGR 3.86% CIBC 24th Annual Western Institutional Investor Conference 14#15Summary: Quality Business - Growing Production and Free Cash-Flow AGNICO EAGLE 24% production growth forecast from 2020 to 2022 drives increasing free cash-flow ➤ Established a competitive advantage in low-geopolitical risk, pro-mining jurisdictions ➤ Industry leading ESG performance 38 years of consecutive dividends ➤ Ongoing exploration success, with focus on pipeline projects and near mine opportunities: • Canadian Malartic Underground • Kittila • LaRonde • Kirkland Lake • Pinos Altos Strategy drives consistent share price outperformance CIBC 24th Annual Western Institutional Investor Conference 15#16AGNICO EAGLE Proposed Acquisition of TMAC Resources Inc. CIBC 24th Annual Western Institutional Investor Conference |#17Expanding and Enhancing the Nunavut Platform Coronation Gulf Cambridge Bay Hope Bay is a combination of: AGNICO EAGLE • Significant mineral reserve and resource base mineral Ekati Diavik Bathurst Inlet Queen Moud Gulf Hope Bay/ TMAC Resources Northwest Territories Sabina Gold & Silver Corp. 0 50 100 200 300 Kilometers ~500km Nunavut • Amaruq • Meadowbank Complex Baker Lake Baker Lake Chesterfield Inlet Meliadine Rankin Inlet Hudson Bay Substantial historical investment with support infrastructure in place Existing mining operations with strong future production and mineral reserve expansion potential Provides considerable exploration upside in Nunavut from an 80km greenstone belt with similar scale and scope to Meliadine ➤ Able to leverage Agnico Eagle's operational and exploration expertise in Nunavut Built 3 mines over 12 years in the region Relationships with governments, permitting, community and suppliers ➤ Strengthens project pipeline with strong potential to materially improve operations Mineral reserve of 3.5Moz at gold grade of 6.5g/t¹ • Measured and indicated mineral resources of 5.2Moz at gold grade of 7.4g/t (includes Mineral Reserves) 1 Inferred mineral resources of 2.1 Moz at gold grade of 6.1g/t1 1. See Mineral Reserves and Mineral Resource slides in Appendix of this presentation CIBC 24th Annual Western Institutional Investor Conference 17#18Transaction Overview Transaction Structure Purchase Price Debt Financing Other Terms and Conditions · AGNICO EAGLE Assignment of the Shandong Gold Mining Co. Ltd. transaction announced on May 8, 2020 Will be completed by Plan of Arrangement Shareholders will receive C$2.20 in cash for each TMAC share held Transaction values TMAC at a fully diluted equity value of ~C$286.6M Agnico Eagle will retire TMAC's outstanding debt (US$117M) and deferred interest and fees payable TMAC had C$71.5 million of cash on hand, as of September 30, 2020 Cash on hand and available liquidity Resource Capital Funds, Newmont Corporation, Shandong and all directors and officers of TMAC have entered into agreements to support the Transaction • Ontario court approvals Closing Competition Act (Canada) approval (received on January 6, 2021) Expected by February 8, 2021 CIBC 24th Annual Western Institutional Investor Conference 18#19Hope Bay Adds Another High Potential Geological Belt Hope Bay Meliadine 410000 420000 430000 440000 450000 460000 Doris Madrid MADRID NORTH Naartok, Suluk, Spur, Rand MADRID SOUTH Wolverine, Patch 14 Granitoids Felsic volcanics Xenolithic mafic intrusion Mafic & intermediate volcanics Ultramafic intrusions & Fe-tholeiite Ultramafic volcanics Gabbro Boston Diabase Sedimentary rocks Deformation zone Lakes & rivers TMAC property outline 20 Kilometers Coordinate system: UTM83 Z13 410000 420000 430000 20 km 440000 450000 460000 7490000 7510000 7540000 7550000 7570000 80 km O Rankin Inlet 6 980 000 7.000 000 7 020 000 40 km Pyke Fault AGNICO EAGLE Pump Wolf Normeg Tiriganiaq F-Zone Wesmeg Camp 80 km 6 980 000 Discovery 7 000 000 Felsic intrusive rocks Intermediate intrusive rocks Sedimentary rocks Intermediate volcanic rocks Mafic volcanic rocks Metamorphic and tectonic rocks * Deposit Major fault Road Winter access route 10 km Coordinate systems UTMB3 215 7 020 000 BHP assembled a large land position during the 90s and was followed by Miramar, Newmont and TMAC Greenstone belt with highly prospective gold mineralization Exploration focus on Doris, Madrid and Boston deposits Underexplored camp with high potential Exploration began in 1987 by Asamera and was followed by Comaplex Greenstone belt with highly prospective gold mineralization Agnico has grown the mineral resource from 5.0Moz to 9.7Moz since acquisition Renewed focus on regional exploration starting in 2020 CIBC 24th Annual Western Institutional Investor Conference 19#20Next Steps to Build Additional Value Roberts Bay Doris All Weather Road AGNICO EAGLE ➤ Hope Bay mine to continue operating at current levels ➤ Ramp-up exploration efforts at the mine and regionally Revisit current operations with a focus on optimizing production and development plan ➤ Agnico Eagle expects to provide additional details on the acquisition and future plans in its fourth quarter and full year 2020 news release on February 11, 2021 CIBC 24th Annual Western Institutional Investor Conference 20#21Appendix ΔΟ AGNICO EAGLE CIBC 24th Annual Western Institutional Investor Conference |#22Diversified Operations Robust Production in Premier Mining Jurisdictions in North America and Europe AGNICO EAGLE LaRonde Complex, Canada Producing (100%) Northern Business Production (Koz) 403.0 P&P (Moz)1 3.6 M&I (Moz) 1.1 Meadowbank Complex, Canada Producing and Development (100%) Northern Business Production (Koz) 193.5 P&P (Moz) 3.3 M&I (Moz) 1.2 ༢༠༥༡ Meliadine, Canada Development (100%) Northern Business Production (Koz) 238.4 P&P (Moz) 4.1 M&I (Moz) 2.8 La India, Mexico Producing (100%) Southern Business Production (Koz) 82.2 P&P (Moz) 0.5 Total² M&I (Moz) 0.2 Production (Koz) 1,782.2 P&P (Moz) 22.0 M&I (Moz) 17.4 Pinos Altos, Mexico Producing (100%) Southern Business Production (Koz) 155.1 P&P (Moz) 1.0 M&I (Moz) 1.1 Producing Mine Creston Mascota, Mexico Producing (100%) Southern Business Production (Koz) P&P (Moz) M&I (Moz) 48.4 0.06 0.02 Finland Kittila, Finland Producing (100%) Northern Business Production (Koz) 186.1 P&P (Moz) 4.1 M&I (Moz) 1.5 Goldex, Canada Producing (100%) Northern Business Production (Koz) P&P (Moz) 140.9 1.1 M&I (Moz) 2.0 Canadian Malartic, Canada Producing (50%) Northern Business Production (Koz) P&P (Moz) M&I (Moz) 334.6 2.4 0.4 Source: Company filings. Note: 1. 2. Production is for fiscal year 2019; Mineral Reserves and Mineral Resources as of December 31, 2019. LaRonde Complex Production and mineral reserves and mineral resources are inclusive of LaRonde Zone 5. Totals are indicative of total producing, developing and exploration assets. CIBC 24th Annual Western Institutional Investor Conference | 22#23AGNICO EAGLE Northern Business CIBC 24th Annual Western Institutional Investor Conference |#24Abitibi Region Production Q3 YTD 2020 Production and Highlights Costs AGNICO EAGLE LaRonde Complex 244,184 ozs at a production cost of $658/oz and total cash costs of $552/oz Proven & probable gold reserves: LaRonde 2.9Moz LZ5 0.7Moz The LaRonde Complex operations were suspended from March 23, 2020 to April 17,2020 due to the COVID-19 pandemic. Mining activities resumed on April 17, while the LaRonde mill circuit restarted on April 29 and the LZ5 mill circuit on May 2 Mining activities in the West mine area progressed ahead of schedule, contributing approximately 12% of the tonnage mined at the LaRonde Complex in Q3 2020 Automation strategy supports gains in productivity in the West mine area. YTD, 54% of tonnes mucked relied on automated scoops At LZ5, the production rate increased to 3,000 tpd from productivity gains from automation and it is expected to be sustained in Q4 2020 Mining activities at LZ5 have been extended to 480 metres starting in 2020. The Company is also evaluating the potential to develop deeper portions of LZ5 (480 metres to 700 metres) Exploration drilling in LaRonde 3's East mine area confirms and expands new high grade 20N Zinc South Zone by approximately 200 metres to the east Canadian Malartic (50%) 179,016 ozs* at a production cost of $769/oz and total cash costs of $756/oz Proven & probable gold reserves: 2.4Moz • Winner of the prestigious F.J. O'Connell Trophy from the Quebec Mining Association for excellence in health and safety performance in the "surface, transportation and primary metal processing operations" category for 2019 Canadian Malarctic operations were suspended from March 23, 2020 to April 17, 2020 due to the COVID-19 pandemic Mining activities at the Barnat deposit progressed ahead of plan and commercial production was declared on September 30, 2020 At the mill, two planned shutdowns were completed in Q3 2020. Despite the shutdowns, the daily throughput was significantly higher compared to the prior-year period, and record monthly tonnage (2.0M tonnes) was milled in August The Odyssey project exploration ramp portal was started in August 2020. The ramp development is expected to continue for - 2 years Expanded drill program at East Gouldie Zone extends known mineralization and infills high grade core. The Partnership will prepare a new mineral resource update for year-end 2020 and a PEA on the Odyssey project in early 2021 Goldex 88,033 ozs at a production cost of $659/oz and total cash costs of $653/oz Proven & probable gold reserves: 1.1 Moz Winner of the prestigious F.J. O'Connell trophy from the Quebec Mining Association for excellence in health and safety performance in the category of "underground operations with over 400,000 hours worked" for 2019 Goldex operations were suspended from March 23, 2020 to April 17, 2020 due to the COVID-19 pandemic. Mining activities resumed on April 17, while milling activities restarted on April 24, 2020 The underground Rail-Veyor maintenance facility was completed in Q2 2020. This facility is expected to have a positive impact on future Rail-Veyor productivity and increase production from the lower mine to over 7,000 tpd Challenges early in Q3 2020 impacted the mining sequence and resulted in lower mill head grades than forecasted The mill performed well in August and September (highest daily average mill throughput in September at 8,373 tpd since restart of the operation in 2013). With the strong mill performance and the return of higher grade stopes into the mining schedule, the Company expects strong performance at Goldex in Q4 2020 * Includes pre-commercial production of 18,930 ozs at the Barnat deposit See AEM February 13, 2020 press release and appendix for detailed breakdown of mineral reserves and mineral resources. CIBC 24th Annual Western Institutional Investor Conference 24#25Finland Production Kittila Q3 YTD 2020 Highlights Production and Costs AGNICO EAGLE Nunavut Production 163,069 ozs at a production cost of $812/oz and total cash costs of $776/oz Proven & probable gold reserves: 4.1Moz Q3 YTD 2020 Production and The site operated continuously through the COVID-19 pandemic, it established a new quarterly ore production record in Q2 2020 and delivered a strong performance in Q3 2020 exceeding forecasted ore tonnage and gold ounces The permit allowing for processing of 2.0 million tonnes per annum was granted in May 2020 Completion of the mill expansion tie-in from September 22, 2020 to October 22, 2020. The commissioning of the expanded mill is ongoing. With the underground mine ready to support a production profile of 2.0 million tonnes per annum, Kittila production flexibility has significantly improved for Q4 2020 and for 2021 Shaft sinking is progressing at a lower rate than forecasted due to COVID-19 travel restrictions. Shaft commissioning is now expected to be completed in H1 2022. With the delay in construction, combined with higher than expected costs, the Kittila expansion project is now forecasted to cost between 190 to 200 million euros Drilling has extended the Main and Sisar Zone by up to 500 metres to the south with intercepts such as 5.3 g/t gold over 3.9 metres This drilling further enhances the potential of the Sisar Zone to be developed into a new mining horizon Highlights Meadowbank Costs Meliadine 140,679 ozs at a production cost of $1,494/oz and total cash costs of $1,511/oz Proven & probable gold reserves: 3.3Moz In H1 2020, following the declaration of a public health emergency in Nunavut, the Company reduced mining activities and suspended milling activities and focused on reducing the maintenance backlog, and on increasing the overall 'mining footprint' of the Amaruq pit Mining and milling activities ramped up in June 2020, and since then open pit production has shown consistent performance with an average of approximately 3.3 million tonnes mined per month LHT performance improved significantly in the last three weeks of September, with haulage averaging over 11,000 tpd. Three new LHT received in Q3 2020, bringing the total fleet of LHT's to 26 In June 2020, permits were approved for mining of the IVR open pit and Amaruq underground deposits. In Q3 2020, the IVR pit development was accelerated and the underground ramp development at Amaruq was restarted. A production decision for Amaruq U/G is expected to be made in 2021 224,125 ozs at a production cost of $814/oz and total cash costs of $822/oz Proven & probable gold reserves: 4.1Moz On March 19, 2020, the Company reduced mining activities due to the declaration of a public health emergency in Nunavut. During this period, the site successfully focused on increased backfilling of stopes, equipment maintenance and water management. In Q3 2020, Meliadine had strong operating performance, delivering record quarterly production despite shutdowns related to mill maintenance and upgrade activities. Mining of the first two stopes in the higher-grade RP3 horizon were completed as planned without any increase to the ground water inflows. This new horizon is expected to provide additional mining flexibility in Q4 2020 In Q3 2020, the mill maintained average daily throughput of 4,150 tonnes despite several planned shutdowns. Major work included replacement of the apron feeder, filter press upgrades and modifications to the Grizzly feeder At the Tiriganiaq open pit, overburden stripping has been accelerated with a contractor to provide additional mining flexibility for both tonnes and grade in 2021 See AEM February 13, 2020 press release and appendix for detailed breakdown of mineral reserves and mineral resources. CIBC 24th Annual Western Institutional Investor Conference 25#26AGNICO EAGLE Southern Business CIBC 24th Annual Western Institutional Investor Conference |#27Mexico Operations AGNICO EAGLE Production Pinos Altos Q3 YTD 2020 Production and Costs 78,127 ozs at a production cost of $1,117/oz and total cash costs of $740/oz Proven & probable gold reserves: 1.0Moz Highlights Pinos Altos operations were suspended from April 2nd to May 18th as mandated by the Government of Mexico; Mining operations progressively restarted on May 18th; As of June 1st Pinos Altos is operating at budgeted levels at 5,850tpd At Cerro Colorado, the reconditioning activities in the area affected by challenging ground conditions continue and are expected to be completed in Q4 2020. A revised mining plan has been adopted which balances a reduced tonnage from Cerro Colorado with increased production from other zones At the Sinter deposit, the development of the underground mine continues, and production is expected to begin in Q4 2020 as planned, bringing additional flexibility to the Pinos Altos mine plan Drilling has extended the high-grade portion of the Cubiro structure 400 metres along strike and to an average of 175 metres in vertical extent above the ramp. There are indications that mineralization may reopen at depth below the current ramp Creston Mascota La India 34,397 ozs at a production cost of $844/oz and total cash costs of $565/oz Proven & probable gold reserves: 0.1Moz Creston Mascota operations were suspended from April 2nd until May 18 tt as mandated by the Government of Mexico, although residual leaching continued through the shutdown; Creston Mascota has returned to normal operating level The Bravo pit was depleted in September 2020; The Bravo pit produced approximately 129,000 ounces of gold, compared to the original design of 66,000 ounces of gold Closure activities will be conducted for the remainder of 2020 and in 2021 The inventories in the heap leach will be depleted in Q4 2020, while minor residual leaching will continue into 2021 according to the progressive closure plan 62,581 ozs at a production cost of $824/oz and total cash costs of $779/oz Proven & probable gold reserves: 0.5Moz For the third year in a row, the La India mine was awarded the Silver Helmet by the Mexican Chamber of Mines for excellence in health and safety performance in the category of "Open Pit Mine with up to 500 employees" La India operations were suspended from April 2nd until May 18th as mandated by the Government of Mexico, although residual leaching continued through the shutdown. Mining operations progressively restarted on May 18th; As of June 1st the site is operating at budgeted levels with 18,000 tonnes placed on the heap leach per day Installation of the new agglomeration system was completed under budget. The system was commissioned in early July 2020 and supported the higher production rates achieved during Q3 2020 The 2020 drill program at Chipriona will be expanded from 6,000 metres to 16,000 metres to infill and extend the deposit at depth. This expanded program supports the Company's development concept that Chipriona could potentially be developed in tandem with sulphide mineral resources beneath leachable ore elsewhere on the property in a new phase of mining operations at La India See AEM February 13, 2020 press release and appendix for detailed breakdown of mineral reserves and mineral resources. CIBC 24th Annual Western Institutional Investor Conference 27#28Mexico Exploration and Development Projects Exploration and Development El Barqueno Highlights AGNICO EAGLE Agnico Eagle acquired its 100% interest in the El Barqueno project in November 2014. The 79,746-hectare property is in the Guachinango gold-silver mining district of Jalisco State in west-central, Mexico, approximately 150 kilometres west of the state capital of Guadalajara El Barqueno is estimated to contain 318,000 ounces of gold and 1.2 million ounces of silver in indicated mineral resources (8.2 million tonnes grading 1.21 g/t gold and 4.63 g/t silver) and 325,000 ounces of gold and 4.6 million ounces of silver in inferred mineral resources (8.3 million tonnes grading 1.21 g/t gold and 17.25 g/t silver). Santa Gertrudis Agnico Eagle holds a 100% interest in the 42,000-hectare Santa Gertrudis gold property Three favorable geological trends with a potential strike length of 18 km have been identified with limited drilling between deposits • Inferred mineral resources of 1.2Moz at year end 2019 • The Santa Gertrudis project appears to have potential to eventually be a similar sized operation to La India 25,000m of drilling planned in 2020 to expand mineral resources and test new targets. In H1 2020, 26 holes (14,282 metres) were completed with a focus on expanding and developing new mineral resources in the Amelia deposit, the Espiritu Santo Zone and the Toro Trend. Highlights include: 2.7 g/t gold and 308 g/t silver over 11.5 metres at Amelia, 2.7 g/t gold and 321 g/t silver over 3.3 metres at Espiritu, and 2.8 g/t over 9.5 metres at the Toro Trend. See AEM February 13, 2020 press release and appendix for detailed breakdown of mineral reserves and mineral resources. CIBC 24th Annual Western Institutional Investor Conference 28#29ONIC Exploracion Mexico SECO AGNICO EAGLE Exploration CIBC 24th Annual Western Institutional Investor Conference |#30Exploration Focused on Minesite Opportunities and Pipeline Projects AGNICO EAGLE LaRonde - Exploration drilling in the East mine area is confirming and expanding the high grade 20N Zinc South Zone discovery, with highlights of 8.4 g/t gold, 101 g/t silver, 0.57% copper and 13.3% zinc over 2.8 metres at 3,393 metres depth. The latest results also suggest that gold grades are increasing with depth. The zone remains open to the east, at depth and at shallower levels Kittila - Drilling in the Sisar Zone continues to show potential to significantly expand the zone laterally and at depth. Recent intercepts, of 7.3 g/t gold over 4.4 metres at 1,626 metres depth, further indicate the potential for the Sisar Zone to be developed into a new mining horizon ➤ Canadian Malartic Underground - In the first nine months of 2020, 77,500 metres (100% basis) of conversion and expansion drilling were carried out at East Gouldie, resulting in highlights such as 6.3 g/t gold over 39.3 metres at 1,472 metres depth in the deposit's core. Exploration drilling is expected to lead to a significant increase in East Gouldie's mineral resource estimate at year-end 2020, which will be integrated into a preliminary economic assessment (expected in early 2021) Kirkland Lake Project The conversion drilling program at depth at Upper Beaver in Q3 2020 returned intercepts such as 11.6 g/t gold and 0.48% copper over 5.6 metres at 1,227 metres depth. Results from the 2020 exploration program will be incorporated into an updated mineral reserve and mineral resource estimate at year-end and an updated technical study to be completed in 2021 CIBC 24th Annual Western Institutional Investor Conference 30#31300m 2000 m 10m LaRonde Mine - Composite Longitudinal Section AGNICO EAGLE West Ellison Property Ellison Property Bousquet Property Bousquet LaRonde LaRonde Zone 5 Shaft No. 2 Shaft No. 1 Penna Shaft LaRonde Shaft No. 2 Level 9 Exploration Drift LaRonde Zone 11-3 OPEN West mine LaRonde 3 OPEN 2019 Mineral Reserve Outline of former pit 2019 Mineral Resource Mined-out Areas of interest OPEN Bousquet Property LaRonde Property Level 201 Exploration Drift Level 25 Exploration Drift Under construction Exploration Drift Level 215 Exploration Drift Zone 20N Au LaRondo Property Shaft No. 4 9.000 m Zone 20N LaRonde 1 LaRonde 2 Level 245 Zn Level 257 Level 278 Level 282 Depth 2,858m East mine LR-302-013 20N Zinc Deep Exploration Program Below 3,100 m LR-302-014A LR-314-015 LR-302-012 3,000 m South Zone LR-314-013 Underground mine workings ● Significant current drill hole pierce points metres • Previously released drill hole pierce points In 20N Zinc South Zone Coordinate System:UTM83-217 East Au Ag Cu Zn/True Width 2019 Mineral Reserve 2019 Mineral Resource Mined cut 100 m LR-302-013 3.1 git Au: 138 g/t Ag; 0.10 % Cu: 14.6 % Zn/2.9 m, LR-302-014A 1.6 g/t Au; 51 g/t Ag. 0.35% Cu; 11.2% Zn/2.8 m OPEN LR-302-012 8.4 g/t Au; 101 g/t Ag: 0.57% Cu; 13.3% Zn/2.8 m OPEN LR-314-015 2.5 g/t Au: 221 g/t Ag: 0.71% Cu; 11.9% Zn / 3.7 m LR-314-013 5.2 g/t Au: 111 g/t Ag: 0.91 % Cu; 1.2% Zn/5.7 m 1000 OPEN CIBC 24th Annual Western Institutional Investor Conference | 31#32Kittila Mine - Composite Longitudinal Section South 0m -500 m -1,000 m -1,500 m -2,000 m Ketola Etela Suuri Roura Rimpi AGNICO EAGLE North 0m RIE20-603 5.1 g/t Au/19.4 m incl. 7.6 g/t Au / 5.8 m and 6.9 g/t Au / 4.9 m RIE20-605 3.8 g/t Au/2.8 m and 3.5 g/t Au / 3.6 m 500 m OPEN-1,000 m Sisar zone RIE20-606 6.1 g/t Au/ 10.2 m and 7.8 g/t Au/4.0 m OPEN RIE19-702J 2.8 g/t Au/5.3 m 7535000 N 2019 Mineral Reserve 2019 Mineral Resource Open pit outline 7536000 N RUG20-517 7.7 g/t Au/11.1 m RUG20-515 3.5 g/t Au / 3.8 m RUG20-518 7.3 g/t Au / 11.3 m RUG20-518 6.0 g/t Au/ 12.8 m incl. 8.5 g/t Au/6.6 m RUG20-516 Underground mine workings Mined out areas 5.0 g/t Au / 9.8 m RUG20-519 6.4 g/t Au 14.2 m Sisar mineralized envelope outline OPEN RUG20-519 9.2 g/t Au/4.1 m 7538000 N RUG20-510 5.9 g/t Au / 8.7 m Significant current drill hole pierce points - Main Zone Significant current drill hole pierce points - Sisar ● Previously released drill hole pierce points - Sisar 0 OPEN -1,500 m RIE19-702H 7.3 g/t Au/ 4.4 m 2,000 m 7540000 N metres Finnish Coordinate System KKJ Zone 2 1000 CIBC 24th Annual Western Institutional Investor Conference | 32#333130 000 3135 000 Pinos Altos Mine - 760 000 Local Geology Map CBUG20-049 8.1 g/t Au, 119 g/t Ag/3.4 m CBUG20-045 4.1 g/t Au, 5 g/t Ag/3.4 m Ramp CBUG20-050 3.9 g/t Au, 21 g/t Ag/3.6 m CBUG20-048 34 g/t Au, 17 g/t Ag/14.4 m incl. 5.7 g/t Au, 38 g/t Ag/3.7 m CBUG20-054 3.4 g/t Au, 5 g/t Ag/4.0 m CBUG20-037 23 g/t Au, 11 g/t Ag/17.2 m incl. 3.2 g/t Au, 16 g/t Ag/7.2 m CBUG20-042 4.0 g/t Au, 29 g/t Ag/6.6 m CBUG20-057 4.3 g/t Au, 23 g/t Ag/6.2 m CBUG20-040 Cubiro 2.1 g/t Au, 28 g/t Ag / 22.2 m incl. 3.7 g/t Au, 65 g/t Ag/6.7 m Portal Calerai CBUG20-035 4.7 g/t Au, 27 g/t Ag/2.8 m CBUG20-058 2.6 g/t Au, 20 g/t Ag/5.2 m CBUG20-036 3.0 g/t Au, 15 g/t Ag/4.4 m and 2.0 g/t Au, 30 g/t Ag/9.0 m Bravo Madroño Vein Legend Buena Vista Formation Frijolar Andesite Madroño Formation Victoria Formation Navosaigame Formation. 2019 Mineral Reserve 2019 Mineral Resource Fault Veins & veinlets Rivers Significant current drillhole collars Previously released drillholes Coordinate Systemy NAD 27 Zone 12N 1,500 metres 760 000 Molino Vein Creston Mascota Pit Madroño property Santa Martha Vein El Salto Vein Madera Vein 765 000 RP20-294 2.1 g/t Au/25 g/t Ag/6.5 m RP20-287 1.8 g/t Au 19 g/t Ag/8.4 m RP20-295 1.6 g/t Au/ 15 g/t Ag / 10.9 m incl. 3.8 g/t Au/32 g/t Ag/3.9 m RP20-296 1.1 g/t Au/18 g/t Ag/27.9 m Incl. 1.7 g/t Au/27 g/t Ag/3.0 m incl. 2.3 g/t Au/26 g/t Ag/7.6 m RP20-289 2.5 g/t Au/17 g/t Ag/4.8 m RP20-290 Sinter 2.3 g/t Au / 94 g/t Ag/8.9 m incl. 2.7 g/t Au/111 g/t Ag/2.6 m Reyna de Plata Pinos Altos Santo Nino pit Portal- San Eligio Reyna East Shaft Process plant El Apache Oberon de Weber pit 765 000 la India USA AGNICO EAGLE 770000 MEXICO Gulf of Mexic Pinos Ahos Fecific Ocean D Cubiro Mascota Madrono Reyna Flata Finos Altos RP20-279 2.3 g/t Au/ 168 g/t Ag/5.9 m RP20-280 1.4 g/t Au/ 100 g/t Ag/6.6 m RP20-278 3.2 g/t Au/ 31 g/t Ag/2.6 m RP20-277 4.9 g/t Au/ 41 g/t Ag/9.5m RP20-276 5.2 g/t Au/39 g/t Ag/4.0 m 770 000 3 130 000 CIBC 24th Annual Western Institutional Investor Conference | 33 3 135 000#34Pinos Altos Mine - Cubiro Composite Longitudinal Section AGNICO EAGLE Northwest 1500 Elev. OPEN CBUG20-048 3.4 g/t Au, 17 g/t Ag/ 14.4 m incl. 5.7 g/t Au, 38 g/t Ag / 3.7 m CBUG20-049 8.1 g/t Au, 119 g/t Ag / 3.4 m CBUG20-040 2.1 g/t Au, 28 g/t Ag / 22.2 m incl. 3.7 g/t Au, 65 g/t Ag / 6.7 m CBUG20-057 4.3 g/t Au, 23 g/t Ag/6.2 m CBUG20-058 2.6 g/t Au, 20 g/t Ag/5.2 m CBUG20-037 2.3 g/t Au, 11 g/t Ag/ 17.2 m incl. 3.2 g/t Au, 16 g/t Ag/7.2 m CBUG20-050 3.9 g/t Au, 21 g/t Ag/3.6 m 2019 Mineral Resource Planned exploration ramp Current exploration ramp Significant current drill hole pierce points Previously released drill hole pierce points OPEN CBUG20-045 4.1 g/t Au, 5 g/t Ag/3.4 m 0 Coordinate System: NAD 27 Zone N12 300 m CBUG20-042 4.0 g/t Au, 29 g/t Ag/6.6 m CBUG20-036 3.0 g/t Au, 15 g/t Ag / 4.4 m Southeast OPEN 1500 Elev. 1000 Elev. CBUG20-054 OPEN OPEN CBUG20-035 and 2.0 g/t Au, 30 g/t Ag / 9.0 m 3.4 g/t Au, 5 g/t Ag/4.0 m 4.7 g/t Au, 27 g/t Ag/2.8 m 758750 E CIBC 24th Annual Western Institutional Investor Conference 34#35Key Projects Located Near Agnico Eagle's Historical Camps Large Mineral Reserves and Mineral Resources and Growing AGNICO EAGLE Ontario - Hammond Reef Lake Superior PROJECTS RESERVES AND RESOURCES Tonnes Au Grade Au Contained CANADIAN MALARTIC UG PROJECT (Dec. 31, 2019) P&P Reserves 6.0 Mt 63.8 Mt 2.16 g/t 0.4 Moz 2.34 g/t 4.8 Moz KIRKLAND LAKE (Dec. 31, 2019) 8.0 Mt 5.43 g/t 1.4 Moz 16.4 Mt 3.18 g/t 1.7 Moz 30.7 Mt 3.9 Moz HAMMOND REEF (Dec. 31, 2019) M&I Resources Inferred Resources P & P Reserves M & I Resources Inferred Resources P&P Reserves M&I Resources Inferred Resources P&P Reserves M&I Resources Inferred Resources 208.4 Mt 0.67 g/t 4.5 Moz 0.5 Mt 0.74 g/t 0.0 Moz PROJECTS COMBINED (Dec. 31, 2019) 1.4 Moz 6.6 Moz 8.7 Moz Lake Michigan Kirkland Lake Lake Hu Intrusive rocks Metamorphic rocks Sedimentary rocks Project location James Bay Canada USA Quebec LaRonde Mine Goldex Mine Canadian Malartic Mine Canadian Malartic UG Project Quebec OPERATIONS - RESERVES AND RESOURCES Tonnes Au Grade Au Contained LARONDE (Dec. 31, 2019) Ottawa P&P Reserves M&I Resources Inferred Resources 24.2 Mt 4.59 g/t 3.6 Moz 13.6 Mt 2.70 g/t 1.2 Moz 16.1 Mt 3.72 g/t 1.9 Moz CANADIAN MALARTIC (Open pit) (Dec. 31, 2019) Toronto Volcanic rocks ke Sedimentary and volcanic rocks P & P Reserves 66.9 Mt 1.11 g/t 2.4 Moz M & I Resources 0.6 Mt 0.58 g/t 0.01 Moz Ontario Inferred Resources 0.7 Mt 0.94 g/t 0.02 Moz GOLDEX (Dec. 31, 2019) P&P Reserves 21.0 Mt 1.61 g/t 1.1 Moz M&I Resources 39.2 Mt 1.60 g/t 2.0 Moz Inferred Resources 25.2 Mt 1.50 g/t 1.2 Moz 500 Kilometers Mine location OPERATIONS COMBINED (Dec. 31, 2019) P&P Reserves M&I Resources Inferred Resources 7.1 Moz 3.2 Moz 3.2 Moz See AEM February 13, 2020 press release and appendix for detailed breakdown of mineral reserves and mineral resources CIBC 24th Annual Western Institutional Investor Conference 35#36Canadian Malartic Mine - Composite Longitudinal Section AGNICO EAGLE West -500 m Under CM Pit Zone NER Sladen zone Sedimentary racks 700 m Barnat Zone East Malartic Zone Jeffrey Zone Sladen Zone Barnat zone Sheehan zone East Malartic zone Volcanic rocks East Gouldie 2019 Mineralized Envelope cut-off 1 g/t Au Sheehan Zone East Rand Malartic property line -Odyssey South Zone 0m -500 m Odyssey Jupiter MEX20-163AWA 7.5 git Au / 20.0 m MEX20-163AW 8.2 g/t Au / 27.4 m MEX20-178W 3.8 g/t Au/3.5 m MEX20-178 6.0 g/t Au / 36.5 m MEX20-178WA 3.6 g/t Au/28.5 m and 2.6 g/t Au/19.2 m MEX20-167 4.7 git Au / 32.5 m MEX19-151WC 63 g/t Au/39.3m incl. 9.9 g/t Au/ 13.1 m MEX19-159A 6.7 g/t Au/24.0 m incl. 10.3 git Au/ 12.2 m MEX20-164W 2.6 g/t Au/11.9 m MEX20-164 5.5 g/t Au/11.7 m MEX20-171 1.8 g/t Au/ 23.5 m East Gouldie Zone MEX20-171WA 2.5 g/t Au/10.0 m MEX19-169 MEX20-176 3.3 g/t Au/ 20.0 m MEX19-160 6.3 gt Au/21.3m and 2.7 g/t Au/5.7 m and 2.0 g/t Au/ 35.6 m 4.2 g/t Au/ 13.1 m incl. 8.1 g/t Au/5.8 m OPEN OPEN MEX19-140WB 3.2 gt Au/ 10.1 m and 3.7 g/t Au/14.3 m MEX20-177 53 gt Au/33 m and 3.3 g/t Au/4.8 m MEX20-166 5.3 git Au/22.1m MEX20-172A 3.3gt Au/51m MEX20-170AW 5.4 git Au/9.4 m and 2.5 g/t Au/5.2 m and 2.2 g/t Au/22.1 m MEX20-172AW 5.5 git Au/25.9 m and 2.6 g/t Au/17.6 m MEX20-172AWA 3.7 gut Au/6.6 m and 7.5 g/t Au/14.2 m MEX20-172A 3.3 g/t Au/14.7 m MEX20-169AW 2.1 g/t Au/8.2 m and 2.0 g/t Au/ 13.8 m Open pit outline Significant current drill hole pierce points - East Gouldie East Malartic zone Sladen zone Barnat zone Sheehan zone Jeffrey zone Under CM pit zone 2019 Mineral Resource Odyssey zone East Gouldie zone • Previously released drill hole pierce points 1,000 metres -1,000 m Odyssey North Zone -1.500 m 2,000 m -2.500 m OPEN AGNICO EAGLE Coordinate System: NAD83 Zone 17 CIBC 24th Annual Western Institutional Investor Conference | 36#37Kirkland Lake Project - Upper Beaver Composite Longitudinal Section West 0m -500 m -1000 m View East AEM Reserve depth 1,205 m below surface Porphyry zone Footwall zone 2019 Mineral Reserve 2019 Mineral Resource Outline pits KLUB20-384E 5.5 g/t Au, 0.3% Cu/7.0 m and 3.5 g/t Au, 0.12% Cu/ 21.6 m incl. 6.4 g/t Au, 0.09% Cu/7.5m and incl. 5.1 g/t Au, 0.21% Cu/2.8 m and 7.8 gt Au, 0.17% Cu/ 3.3 m -500 m SRK Reserve 1,366 m below surface KLUB20-561W4 8.8 g/t Au, 0.40% Cu/7.8 m incl. 13.8 g/t Au, 0.79% Cu /3.0 m KLUB20-561W3 11.6 g/t Au, 0.48% Cu/5.6 m KLUB20-561W2 6.8 g/t Au, 0.13% Cu/8.4 m -1000 m incl. 17.0 g/t Au, 0.02% Cu /3.1 m KLUB20-561W5 3.5 g/t Au, 0.49 % Cu/13.0 m incl. 5.7 g/l Au, 0.63% Cu / 3.0 m and incl. 5.6 g/t Au, 0.74% Cu / 3.3 m KLUB20-310AW1 4.3 g/t Au, 0.29% Cu/ 10.2 m Incl. 5.6 g/t Au, 0.36% Cu/6.7 m KLUB20-200W10 4.4 g/t Au, 0.22% Cu/14.0 m incl. 6.4 g/t Au, 0.38% Cu / 3.5 m KLUB20-200W11 90 g/t Au. 0.44% Cu/12.8 m -1500 m incl. 13.1 g/t Au, 0 62% Cu/6.4 m 592000 E 592500 E Historic underground mine workings Significant current drill hole pierce points - Footwall zone Historic mined-out areas Significant current drill hole pierce points - Porphyry zone Exploration target areas metres Coordinate System NAD1983 UTM Zone 17N 500 East 0m CIBC 24th Annual Western Institutional Investor Conference 37 AGNICO EAGLE#385400000 5410000 5420000 Hammond Reef - Geological Map 5430000 Ear Lake Fault Granitoid intrusives Mafic Intrusives 590000 White Otter batholith Dashwa gniesses Eye Dashwa pluton Finlayson belt Steeprock belt Atikokan 600000 ☐ Quetico sediments 610000 620000 630000 N Marmion fault Hammond Reef deposit ☐ Marmion batholith QUEBE Quetico fault Timmins Dolbeau Chicoutim Trois-Rivieres ONTARIO Montrbal North Bay Otawa Sudbury Mafic to felsic volcanics Fault/Alteration Zones Roads and railway Agnico Eagle Property 0 2.5 5 7.5 10 Sedimentary rocks Regional Faults Lakes and rivers Km Coordinate system: NAD 1983 UTM Zone 15N ° 5400000 5410000 5420000 5430000 CIBC 24th Annual Western Institutional Investor Conference | 38 AGNICO EAGLE#39Santa Gertrudis Project - Local Geology Map 540000 543000 546000 Amelia deposit SGE20-354 1.2 g/t Au, 3.5 g/t Ag/6.5 m and 0.9 g/t Au, 142.2 g/t Ag / 5.5 m TRINIDAD TREND SGE20-355-W1 2.8 g/t Au, 10.6 g/t Ag / 4.5 m SGE20-365 2.2 g/t Au, 4.8 g/t Ag/5.3 m. and 3.7 g/t Au, 1.5 g/t Ag / 4.5 m SGE20-362 2.2 g/t Au, 4.8 g/t Ag/5.3 m and 3.7 g/t Au, 1.5 g/t Ag/4.5 m SGE20-359 1.3 g/t Au, 0.9 g/t Ag/10.3 m incl. 2.2 g/t Au, 1.7 g/t Ag/ 4.6 m and 3.2 g/t Au, 2.3 g/t Ag/5.6 m and 1.6 g/t Au, 9.1 g/t Ag/11.5 m SGE20-364 2.7 g/t Au, 3.5 g/t Ag/5.0 m VIVIANA TREND Known deposits Historic pits <- Faults Ultimate pit design Roads Property outline Significant current drill hole pierce points Previously released drillhole Cintura Sandstone, calcareous siltstone Mural-Limestone, siltstone, sandstone, shale Morita - Conglomerate Glance Conglomerate Alluvium Diorite, andesitic, lamprophyre dikes 2.5 TORO Espiritu Santo zone TREND Bertha Exploration camp A DORA ZONE El Gasero O ESCONDIDA TREND TREND CRISTINA TREND CORRAL TREND 549000 Coordinate system: WGS 84 Zone12N 540000 543000 546000 549000 552000 Santa Gertrudis Hermosillo La India Chihuahua Pinos Altos MEXICO GRETA TREND 552000 AGNICO EAGLE CIBC 24th Annual Western Institutional Investor Conference | 39#40Select Exploration Joint Ventures and Equity Investments* AGNICO EAGLE White Gold Corp Aura/Greyhound JV Rupert Resources Cartier Resources Maple Gold Mines Barsele JV Gryphon Gold JV Maple Gold Mines/Douy-Joutel JV Midland/Maritime Cadillac JV Probe/Dubuisson JV Orla Mining Goldquest Mining Corp Royal Road Minerals Newmont / Orosur JV Equity Investments Joint Venture *Public Equity Investments where AEM has over 10% ownership For a discussion of the risks associated with joint ventures and equity investments, please see the AIF CIBC 24th Annual Western Institutional Investor Conference | 40#41AEM AUY 2.83 2019 Gold Mineral Reserve and Mineral Resources Higher Reserve Grade and Increasing Mineral Resources Gold Mineral Reserve Grade (g/t) AEM's Global Reserves, Measured and Indicated Resources and Inferred Resources (2010-2019) 2.00 1.68 1.59 1.29 1.03 ABX AVERAGE KL NEM KGC 0.70 70 60 50 40 30 20 22 Ounces Gold (millions) 10 0 ☑Reserves M&I resources 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 As of December 31 Gold mineral reserves declined slightly in 2019, while measured and indicated and inferred mineral resources increased Mineral reserves decreased by 2% to 21.6Mozs (net of 2019 production). Measured and indicated mineral resources and inferred mineral resources increased by 4% and 19%, respectively - Gold reserve grade increased - Overall mineral reserve grade improved 4.8% to 2.83 g/t from 2.7 g/t, largely due to increases in the mineral reserve grade at mines in Nunavut. Mineral resource grades were essentially unchanged from the previous year Agnico Eagle has the highest mineral reserve grades among its North American peers See AEM February 13, 2020 press release and appendix for detailed breakdown of mineral reserves and mineral resources. CIBC 24th Annual Western Institutional Investor Conference 41 Inferred resources AGNICO EAGLE#42Successful M&A and Exploration Strategy AGNICO EAGLE Significant Value Added, Key Deposits Still Open and Positioned to Deliver More Value Mined through 2019 (koz) Proven & Probable (koz) Measured & Indicated (koz) Inferred (koz) Cost per Oz ($) Kittila 9,418 koz Meadowbank (Including Amaruq) Meliadine Pinos Altos 9,511 koz 4,990 koz La India 9,750 koz +236% 2,800 koz 1,983 koz +148% +94% +138% +57% 5,020 koz 3,830 koz 2,100 koz 1,266 koz 2005 2019 2007 2019 2010 2019 2006 2019 2011 2019 $54 $23 Purchase Discovery $173 $36 Purchase Discovery $121 $43 $40 $33 Purchase Discovery Purchase Discovery See AEM February 13, 2020 press release and appendix for detailed breakdown of mineral reserves and mineral resources. $186 $107 Purchase Discovery CIBC 24th Annual Western Institutional Investor Conference | 42#43ESG Initiatives AGNICO EAGLE CIBC 24th Annual Western Institutional Investor Conference |#442019 ESG Performance Highlights AGNICO EAGLE • . Environment Pinos Altos implemented a sustainable soil regeneration initiative using cattle (Our Cows are Green) Renewed our partnership with the Research Institute on Mines and the Environment (RIME) a unique joint research program focused on developing innovative solutions for the environmental challenges faced throughout the entire life cycle of a mine. Social • In 2019, $7.4 M was spent in community investment • 100% of our Pinos Altos and La India mine workforce from Mexico • • . 16% of our employees in 2019 are female - diversity action plan ongoing to increase % Nunavut operations launched the Rapid Inuit Specific Education (RISE) program to support training and development of Inuit employees Independent assessment of Voluntary Principles on Security and Human Rights at Pinos Altos identified a strong positive relationship with the surrounding communities Health and Safety • • 0.99 combined lost-time frequency and restricted work cases an improvement from 1.28 in 2018 Zero lost-time accidents at La India • Lapa awarded Safest Mine in Canada . • No fatal accidents in 2019, three severe accidents 20,384,101 hours worked, the highest in Agnico Eagle's history CIBC 24th Annual Western Institutional Investor Conference | 44#45ESG Risk Management Approach INTERNAL INITIATIVES Risk Management and Monitoring System Stakeholder Advisory Committee (SAC) AGNICO EAGLE The foundation upon which we have built our capacity to manage the commitments made in our Sustainable Development Policy. We have established a SAC to provide us with feedback on our corporate social responsibility efforts and to complement and help us make strategic links to our existing local stakeholder engagement activities. EXTERNAL MANAGEMENT AND DISCLOSURE INITIATIVES ADVOCACY STEWARDSHIP COLLABORATION Since 2010 Toward Sustainable Mining (TSM) The Mining Association of Canada International Cyanide Code Since 2011 VON VOLUNTARY PRINCIPLES ON SECURITY O HUMAN RIGHTS GRI Voluntary Principles Since 2017 Conflict-Free Gold Since 2013 WORLD GOLD COUNCIL Global Reporting Since 2009 Initiative (GRI) Sustainability Since 2019 SASB Accounting Standards Board Task Force on Climate In Progress TCFD Related Financial Disclosures The Mining Association of Canada's (MAC) TSM initiative promotes best practices in environmental protection, energy efficiency, tailing management, community engagement, safety and transparency. A voluntary industry program for companies that use cyanide to recover gold. It focuses on the responsible and safe management of cyanide and cyanide solutions used in gold mining, including the protection of human health and the reduction of environmental impacts, through every stage of the mining process. Agnico Eagle has formally adopted the Voluntary Principles on Security and Human Rights (VP). Created in 2000, the VPs are standards to help extractive sector companies balance the obligation to respect human rights while protecting the assets and people at their operations. Developed by the World Gold Council and based upon internationally-recognised benchmarks, the Conflict-Free Gold Standard helps companies to provide assurance that their gold is not contributing to conflict. Sets out specific criteria and indicators that organizations can use to measure and report on their economic, environmental and social performance. SASB mission is to help businesses around the world identify, manage and report on sustainability topics that matter most to their investors. Intended to quantify financial risk due to climate change through transparent and consistent disclosures based on scenario analysis. CIBC 24th Annual Western Institutional Investor Conference 45#46Responsible Gold Mining Principles Agnico Eagle is an active participant in this initiative ➤ An over-arching framework that sets out clear expectations as to what constitutes responsible gold mining. ➤ Designed to provide confidence to investors, supply chain participants and investors that gold has been produced responsibly. ➤ Implementing companies will be required to publicly disclose conformance and obtain external assurance on this. ➤ Reflects the commitment of the world's leading gold mining companies to responsible mining. WORLD GOLD COUNCIL 1. Ethical conduct 2. Understanding our impacts AGNICO EAGLE 3. Supply chain 6. Labour rights 4. Safety & health 5. Human rights & conflict 7. Working with communities 8. Environmental stewardship 9. Biodiversity, land use 10. Water, energy & mine closure and climate change CIBC 24th Annual Western Institutional Investor Conference | 46#47ESG Risk Management Approach Filtered tailings -Oberon Weber Canadian Malartic LaRonde Mine AGNICO EAGLE Tailings Management Tailings storage facilities at all of our operating and closed sites meet or exceed regulatory requirements, and we are continually improving the management of our facilities by developing and incorporating best practices In 2018, an Accountable Executive Officer (AEO) was officially appointed by our Board of Directors for Agnico's Tailings Storage Facilities, Water Management Infrastructures, Rockfill Storage Facilities and Heap Leach Facilities The AEO reports annually to the Board of Directors on the management and safety of Agnico's facilities including whether the operations have the tools, staff and budget to do their work properly Agnico Eagle has assigned Responsible Persons (RP), Engineers of Record (EOR) and Independent Reviewers (IR) for all sites. These roles are key to ensuring that the proper systems and processes to manage critical infrastructure risks are in place. In 2019, 29% of the tailings generated were returned underground as paste backfill Find more information in our 2019 tailings summary report on our web page. https://s21.q4cdn.com/374334112/files/doc_downloads/Sustainability/TM-Report/Agnico-Eagle-Summary-Tailings-Management-Report-June-2019.pdf CIBC 24th Annual Western Institutional Investor Conference 47#48COVID-19 Update ARRET POINT DE CONTRÔLE ACCÈS LIMITE MESURES D'HYGIENE COVID-19 Visiteurs/Fournisseurs sur rendez-vous seulement Pour les livraisons, svp appelez 819 874-5980 ext. 4103614 AONKO EAGLE OLETKO MUKANA? AGNICO EAGLE Operations have rebounded strongly post Q2 2020 COVID-19 interruptions To-date, the Company has seen limited impact on operational productivity as a result of COVID-19, and it is continuing to strengthen and enhance COVID-19 protocols In Q3 2020, new operational records were established at several of the Company's mines. Record monthly tonnage milled in August at Canadian Malartic, and daily record tonnage milled at Goldex in September. Record monthly gold production at LZ5 in August, and record quarterly gold production at Meliadine. Meadowbank has showed consistent operating performance since July, and Kittila continued to have strong underground production in the quarter and the mill expansion is progressing ahead of schedule COVID-19 financial impact COVID-19 protocols (not including compensation paid to Nunavut-based employees) added $2.8 million (approximately $6 per ounce) to the Company's operating costs in Q3 2020 The Nunavut-based workforce remained at home due to current COVID-19 health guidelines issued by the Government of Nunavut and the Company continued to pay for 75% of the base salaries for these employees (a total of $3.7 million pre-tax, $2.2 million net of tax, included in Other Expenses) in Q3 2020 CIBC 24th Annual Western Institutional Investor Conference | 48#491 2 ANC 3 DEF 4 5 6 MNO 7 PORS 8 TUV 9 WXYZ * 0 AGNICO EAGLE Innovation AGNICO EAGLE CIBC 24th Annual Western Institutional Investor Conference |#50Innovation Is an Area of Long-Term Strategic Focus at Agnico Eagle Collaborating with industry to advance innovative solutions AGNICO EAGLE Agnico is also examining and implementing new technologies at various operations LTE (Long Term Evolution) network installed to support autonomous equipment IMG 1593 AGNOOS • Currently deployed at LZ5 & at LaRonde below level 269 During H1 2020, 13% of tonnes extracted with automated equipment at LZ5 (mucking and/or trucking), and 5% at LaRonde (mucking) 10 scoops and 4 trucks equipped with automine system Testing automated drilling ➤ Rail-Veyor: Lower cost ore transportation Deployed at Goldex with a capacity of 7,000tpd Evaluating use at other mines Ore sorting: Improve quality of low-grade ore, convert waste to ore AGNC LACLE Pilot plant testing at Pinos Altos CIBC 24th Annual Western Institutional Investor Conference 50#51AGNICO EAGLE Agnico Eagle's Global Approach to Energy Management Developing a global approach for energy management across Agnico Eagle's operations to reduce energy costs at select regions by up to 30% and lower greenhouse gas emissions. Areas of Study ➤ Nunavut - - - Hydro Liquefied Natural Gas (LNG) Wind/Solar Southern power link NITOBA ➤ Mexico - - Examining solutions (i.e. solar power) to increase renewable sources of energy in Mexico Potential to install power line to La India CIBC 24th Annual Western Institutional Investor Conference 51#5215 32 SCANIA AGNICO EAGLE 17 AGNICO EAGLE Mineral Reserves and Mineral Resources CIBC 24th Annual Western Institutional Investor Conference |#53Mineral Reserves - December 31, 2019 MINERAL RESERVES As of December 31, 2019 AGNICO EAGLE OPERATION GOLD PROVEN PROBABLE PROVEN & PROBABLE LaRonde LaRonde Zone 5 Canadian Malartic Goldex Mining Method Ownership 000 Tonnes g/t 000 Oz Au 000 Tonnes g/t Underground 100% 4,802 5.05 780 10,117 6.48 000 Oz Au 2,108 000 Tonnes g/t 000 Oz Au 14,920 6.02 2,888 Underground 100% 3,307 2.13 226 5,980 2.39 460 9,287 2.30 686 Open Pit 50% 23,847 0.83 635 43,057 1.27 1,754 66,904 1.11 2,389 Underground 100% 272 1.85 16 20,709 1.61 1,072 20,980 1.61 1,088 Akasaba West Open Pit 100% 5,413 0.85 147 5,413 0.85 147 Amaruq Open Pit 100% 172 1.83 10 22,600 3.76 2,731 22,773 3.74 2,741 Amaruq Underground 100% 3,303 5.43 577 3,303 5.43 577 Amaruq Total 172 1.83 10 25,903 3.97 3,308 26,075 3.96 3,318 Meadowbank Open Pit 100% 37 2.24 3 37 2.24 3 Meadowbank Complex Total 209 1.90 13 25,903 3.97 3,308 26,112 3.96 3,320 Meliadine Open Pit 100% 144 3.19 15 5,671 4.72 861 5,816 4.69 876 Meliadine Underground 100% 722 7.92 184 14,212 6.58 3,007 14,933 6.65 3,191 Meliadine Total 866 7.14 199 19,883 6.05 3,868 20,749 6.10 4,067 Upper Beaver Underground 100% 7,992 5.43 1,395 7,992 5.43 1,395 Kittila Underground 100% 1,444 4.55 211 27,481 4.40 3,885 28,925 4.40 4,096 Pinos Altos Pinos Altos Open Pit 100% 60 1.55 3 3,550 0.97 111 3,611 0.98 114 Underground 100% 3,274 2.56 270 7,573 2.35 573 10,847 2.42 843 Pinos Altos Total 3,334 2.55 273 11,124 1.91 684 14,457 2.06 957 Creston Mascota La India Open Pit 100% 1 5.55 0 757 2.49 61 758 2.49 61 Open Pit 100% 279 0.49 4 20,152 0.75 486 20,432 0.75 490 Totals 38,361 1.91 2,357 198,569 3.01 19,227 236,930 2.83 21,585 SILVER LaRonde Pinos Altos Mining Method Underground Ownership 100% 000 Tonnes g/t 000 Oz Ag 000 Tonnes g/t 000 Oz Ag 000 Tonnes g/t 000 Oz Ag 4,802 17.09 2,639 10,117 18.92 6,156 14,920 18.33 8,794 Open Pit 100% 60 39.07 76 3,550 26.09 2,978 3,611 26.31 3,054 Pinos Altos Underground 100% 3,274 59.33 6,244 7,573 62.29 15,166 10,847 61.40 21,411 Pinos Altos Total Creston Mascota La India Totals COPPER LaRonde Akasaba West Upper Beaver Totals ZINC LaRonde subtotal 3,334 58.96 6,320 11,124 50.74 18,145 14,457 52.63 24,464 Open Pit 100% 1 331.49 12 757 62.65 1,525 758 63.05 1,537 Open Pit 100% 279 8,417 1.64 33.20 15 8,985 20,152 42,151 2.63 1,704 20.31 27,530 20,432 50,567 2.62 1,719 22.46 36,515 Mining Method Underground Ownership 100% 000 Tonnes % 4,802 0.22 tonnes Cu 10,461 000 Tonnes % tonnes Cu 000 Tonnes % tonnes Cu 10,117 0.28 28,690 14,920 0.26 39,151 Open Pit 100% 5,413 0.48 25,891 5,413 0.48 25,891 Underground 100% 7,992 0.25 19,980 7,992 0.25 19,980 4,802 0.22 10,461 23,522 0.32 74,561 28,325 0.30 85,022 Mining Method Underground Ownership 100% 000 Tonnes % Totals 4,802 4,802 0.59 0.59 tonnes Zn 28,112 28,112 000 Tonnes % tonnes Zn 000 Tonnes % tonnes Zn 10,117 10,117 0.90 0.90 91,524 91,524 14,920 14,920 0.80 0.80 119,636 119,636 CIBC 24th Annual Western Institutional Investor Conference 53#54Mineral Resources - December 31, 2019 MINERAL RESOURCES As of December 31, 2019 OPERATION GOLD LaRonde LaRonde Zone 5 Ellison Canadian Malartic MEASURED INDICATED MEASURED & INDICATED INFERRED Mining Method Ownership 000 Tonnes g/t 000 Oz Au 000 Tonnes g/t 000 Oz Au 000 Tonnes g/t 000 Oz Au 000 Tonnes g/t 000 Oz Au Underground 100% 4,436 3.42 485 4.436 3.42 488 5,940 4.47 854 Underground 100% 8,466 2.29 624 8.466 2.29 624 4,701 4.04 611 Underground 100% 722 3.04 71 722 3.04 71 5,466 2.62 461 Open Pit 50% 177 0.53 468 0.59 9 644 0.57 12 745 0.94 23 Canadian Malartic Underground 50% 1,843 1.51 89 6,252 1.54 330 8.096 1.61 420 1,609 1.35 70 Canadian Malartic Total 2,020 1.42 92 6,720 1.57 339 8,740 1.54 431 2,354 1.22 92 Odyssey Underground 50% 1,011 2.10 68 1,011 2.10 68 11,684 2.22 833 East Malartic Underground 50% 4,962 2.18 347 4.962 2.18 347 39.382 2.05 2,596 Goldex East Gouldie Akasaba West Zulapa Underground 50% 12,760 3.34 1,369 Underground 100% 12,360 1.86 739 26.838 1.47 1,272 39,197 1.60 2,011 25.180 1.50 1,212 Open Pit 100% 4.870 0.63 95 4.870 0.63 98 Open Pit 100% 391 3.14 39 Meadowbank Open Pit 100% 1,145 2.46 90 1,145 2.46 90 4 2.06 0 Amaruq Open Pit 100% 6,679 3.20 687 6,579 3.20 687 568 4.78 27 Amaruq Underground 100% 3,102 3.84 383 3,102 3.84 383 8,073 5.5.2 1,432 Amaruq Total 9,782 3.40 1,070 9.782 3.40 1,070 8,042 8,642 5.47 1,520 Meadowbank Complex Total 10,927 3.30 1,160 ,160 10,927 3.30 1,160 8,645 5.47 1,520 Meliadine Open Pit 100% 11.065 3.11 1,106 11,065 3.11 1,106 1,321 4.42 188 Meliodine Underground 100% Meliadine Total 72 72 4.00 13,583 3.85 15,903 1,683 13,655 3.85 1,672 1,692 13,290 5.72 2,443 4.00 24,648 3.52 2,789 24,721 3.52 2,799 14,611 3.00 5.60 2,631 Hammond Reef Open Pit 100% 165,662 0.70 3,724 42,754 0.57 777 208,416 0.67 4,501 501 0.74 12 Upper Beaver opper asper AK Project Anoki-McBean Upper Canada Underground 100% 3,050 3,636 3.45 403 3,636 3.45 8,688 5.07 0,000 1,416 Underground 100% 1.268 6.51 265 1,268 6.51 1,200 265 2,373 5.3.2 406 Underground 100% 1,868 5.33 3:20 1,868 5.33 320 2,526 382 Open Pit 100% 1.842 1.72 102 1,842 1.72 102 1,034 1.38 46 upper Upper Canada Underground 100% 7,808 2.36 592 7,808 2.36 592 Upper Canada Total 16,037 3.34 1,723 9,650 2.23 693 9,650 2.23 693 17,071 3.22 1,768 Kittila Kittile Kittila Total Kuotko Kylmäkangas Barsele Barsele Barsele Total Pinos Altos Pinos Altos Open Pit 100% 229 3.41 25 229 3.41 25 373 3.89 Underground 100% 2,895 2.54 237 15,022 2.60 1,258 17,916 2.59 1,495 13,447 3.90 1,688 2,895 2.54 237 15,251 2.62 1,283 18,145 2.60 1,520 13,820 3.90 1,735 Open Pit 100% 284 3.18 29 Underground 100% 1,896 4.11 250 Open Pit 55% 3,178 1.08 111 3,178 1.08 111 2,260 1.25 Underground 55% 1,158 1.77 66 1,158 1.77 66 13,552 2.10 914 4,335 1.27 176 4,335 1.27 176 15,811 1,005 Open Pit 100% 2,728 0.92 80 2,728 0.92 80 981 0.92 29 Underground 100% 16,853 1.80 977 16.853 1.00 1.80 977 6,051 2.09 407 Pinos Altos Total 19,581 1.68 1,057 19,581 1.68 1,057 7,032 1.93 435 Creston Mascota India Tarachi Chipriona Open Pit 100% 988 0.75 24 988 0.75 24 281 1.10 10 Open Pit 100% 10,840 0.60 209 1,402 0.64 29 12.241 0.60 238 809 0.57 15 Open Pit 100% 22,665 0.40 4,003 294 22.665 0.40 294 6.476 0.33 68 Open Pit 100% 1,255 1.11 45 1,255 1.11 45 10,744 0.69 238 EI El Barquero Gold Open Pit 100% 8,176 1.21 318 8.176 1.21 318 8,326 1.21 325 Santa Gertrudis Open Pit 100% 5,065 0.64 104 5,065 0.64 104 19,054 1.17 717 Santa Gertrudis Underground 100% 3,064 4.58 451 Santa Gertrudis Total 5,065 0.64 104 5,065 0.64 104 22,118 1.64 1,168 Totals 193,848 0.80 5,010 231,491 1.75 13,045 425,340 1.32 18,055 249,869 2.67 21,480 SILVER LaRonde Kylmäkangas Mining Method Ownership 000 Tonnes git 000 Qz Ag 000 Tonnes 000 Oz Ag 000 Tonnes g/t 000 Oz Ag 000 Tonnes S/T 000 Oz Ag Underground 100% 4,436 27.33 3,897 4,436 27.33 3,897 5,940 14.95 2,855 Underground 100% 1,896 31.11 1,896 Pinos Altos Open Pit 100% 2,728 24.60 2,157 2,728 24.60 2,157 981 25.38 801 Pinos Altos Underground 100% 16,853 43.25 23,437 16,853 43.25 23,437 Pinos Altos Total 6.051 42.24 8,218 19,581 40.66 25,594 19,581 40.66 25,594 2.022 39.89 9,018 Creston Creston Mascota Open Pit 100% 988. 7.88 250 988 7.88 250 281 201 5.05 5.05 40 La India Open Pit 100% 10,840 3.24 1,130 1,402 3.17 143 12.241 3.23 1,273 909 809 3.56 92 93 Chipriona Open Pit 100% 1,255 50.99 2.057 1,255 50.99 2,057 10,744 85.44 29,511 El Barqueño Silver Open Pit 100% 3,998 129.49 16,646 El Barqueño Gold Open Pit 100% Totals 10,840 3.24 COPPER LaRonde Akasaba West Mining Method Underground Ownership 100% 000 Tonnes % 1,130 Tonnes Cu 8.176 35,836 4.6.3 1,216 28.78 33,157 8,176 46,676 4.63 22.85 1,216 34,287 8,326 39,025 17.25 4,617) 51.55 64,682 000 Tonnes 96 Tonnes Cu 000 Tonnes % Tonnes Cu 000 Tonnes % Tonnes Cu 4,436 0.19 8,629 4,436 0.19 Open Pit 100% 4,870 0.37 18,246 4,870 0.37 8,629 18,246 5,940 0.23 13,751 Upper Beaver Underground 100% 3,636 0.14 5.135 3,636 0.14 5,135 8,688 0.20 17,284 Chipriona Open Pit 100% 1,255 0.03 359 1,255 0.03 359 10,744 0.14 15,411 El Barquero Gold Open Pit 100% 8,176 0.18 15,028 8.176 0.18 15,028 Totals 22,372 0.21 47,397 22,372 0.21 47,397 8,326 33,697 0.22 18,210 0.19 64,657 ZINC LaRonde Chipriona Mining Method Underground Open Pit Ownership 100% 000 Tonnes % Tonnes Zn 000 Tonnes % Tonnes Zn 000 Tonnes 56 Tonnes Zn 4,436 1.15 51,161 4,436 1.15 51,161 000 Tonnes 5,940 % Tonnes Zn 0.64 100% Totals 1.36 1.20 17,031 68,192 1,255 1.36 5,691 1.20 17,031 68,192 10,744 0.81 16,684 0.75 38.066 86,897 124,963 AGNICO EAGLE 1,255 5,691 Mineral reserves are not a subset of mineral resources. Tonnage amounts and contained metal amounts presented in this table have been rounded to the neaAnnual Western Institutional Investor Conference | 54 aggregate amounts may differ from column totals.#55Notes to Investors Regarding The Use of Mineral Resources AGNICO EAGLE Notes to Investors Regarding the Use of Mineral Resources The mineral reserve and mineral resource estimates contained in this presentation have been prepared in accordance with the Canadian Securities Administrators' (the "CSA") National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). These standards are similar to those used by SEC Industry Guide 7, as interpreted by the SEC staff. However, the definitions in NI 43-101 differ in certain respects from those under SEC Industry Guide 7. Accordingly, mineral reserve and mineral resource information contained in this presentation may not be comparable to similar information disclosed by United States companies. Under the SEC's Industry Guide 7, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. For United States reporting purposes, the SEC has adopted amendments to its disclosure rules (the "SEC Modernization Rules") to modernize the mining property disclosure requirements for issuers whose securities are registered with the SEC under the United States Securities Exchange Act of 1934, as amended (the "Exchange Act"), which became effective February 25, 2019. The SEC Modernization Rules more closely align the SEC's disclosure requirements and policies for mining properties with current industry and global regulatory practices and standards, including NI 43- 101, and replace the historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7. Issuers must begin to comply with the SEC Modernization Rules in their first fiscal year beginning on or after January 1, 2021, though Canadian issuers that report in the United States using the MJDS may still use NI 43-101 rather than the SEC Modernization Rules when using the SEC's MJDS registration statement and annual report forms. SEC Industry Guide 7 will remain effective until all issuers are required to comply with the SEC Modernization Rules, at which time SEC Industry Guide 7 will be rescinded. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of "measured mineral resources", "indicated mineral resources" and "inferred mineral resources." In addition, the SEC has amended definitions of "proven mineral reserves" and "probable mineral reserves" in the SEC Modernization Rules, with definitions that are substantially similar to those used in NI 43-101. United States investors are cautioned that while the SEC now recognizes "measured mineral resources", "indicated mineral resources" and "inferred mineral resources", investors should not assume that any part or all of the mineral deposits in these categories will ever be converted into a higher category of mineral resources or into mineral reserves. These terms have a great amount of uncertainty as to their economic and legal feasibility. Accordingly, investors are cautioned not to assume that any "measured mineral resources", "indicated mineral resources", or "inferred mineral resources" that the Company reports in this presentation are or will be economically or legally mineable. Further, "inferred mineral resources" have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that any part or all of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian regulations, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in limited circumstances. Investors are cautioned not to assume that any part or all of an inferred mineral resource exists, or is or will ever be economically or legally mineable. The mineral reserve and mineral resource data set out in this presentation are estimates, and no assurance can be given that the anticipated tonnages and grades will be achieved or that the indicated level of recovery will be realized. The Company does not include equivalent gold ounces for by-product metals contained in mineral reserves in its calculation of contained ounces and mineral reserves are not reported as a subset of mineral resources. Assumptions used for the December 31, 2019 mineral reserves estimate at all mines and advanced projects reported by the Company Metal prices Exchange rates Gold (US$/oz) Silver (US$/oz) Copper (US$/lb) Zinc (US$/lb) C$ per US$1.00 Mexican peso per US$1.00 US$ per €1.00 Long-life operations and projects C$1.25 MXP17.00 US$1.15 Short-life operations - $1,200 $15.50 Creston Mascota (Bravo) and $2.50 $1.00 C$1.30 MXP18.00 Not applicable Sinter satellite operations at Pinos Altos Upper Beaver*, Canadian Malartic mine** $1,200 Not applicable $2.75 Not applicable C$1.25 Not applicable Not applicable *The Upper Beaver project has a net smelter return (NSR) cut-off value of C$125/tonne **The Canadian Malartic mine uses a cut-off grade between 0.40 g/t and 0.43 g/t gold (depending on the deposit) CIBC 24th Annual Western Institutional Investor Conference 55#56Notes to Investors Regarding The Use of Mineral Resources AGNICO EAGLE NI 43-101 requires mining companies to disclose mineral reserves and mineral resources using the subcategories of "proven mineral reserves", "probable mineral reserves", "measured mineral resources", "indicated mineral resources" and "inferred mineral resources". Mineral resources that are not mineral reserves do not have demonstrated economic viability. A mineral reserve is the economically mineable part of a measured and/or indicated mineral resource. It includes diluting materials and allowances for losses, which may occur when the material is mined or extracted and is defined by studies at pre-feasibility or feasibility level as appropriate that include application of modifying factors. Such studies demonstrate that, at the time of reporting, extraction could reasonably be justified. The mineral reserves presented in this presentation are separate from and not a portion of the mineral resources. Modifying factors are considerations used to convert mineral resources to mineral reserves. These include, but are not restricted to, mining, processing, metallurgical, infrastructure, economic, marketing, legal, environmental, social and governmental factors. A proven mineral reserve is the economically mineable part of a measured mineral resource. A proven mineral reserve implies a high degree of confidence in the modifying factors. A probable mineral reserve is the economically mineable part of an indicated and, in some circumstances, a measured mineral resource. The confidence in the modifying factors applying to a probable mineral reserve is lower than that applying to a proven mineral reserve. A mineral resource is a concentration or occurrence of solid material of economic interest in or on the Earth's crust in such form, grade or quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade or quality, continuity and other geological characteristics of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling. A measured mineral resource is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics are estimated with confidence sufficient to allow the application of modifying factors to support detailed mine planning and final evaluation of the economic viability of the deposit. Geological evidence is derived from detailed and reliable exploration, sampling and testing and is sufficient to confirm geological and grade or quality continuity between points of observation. An indicated mineral resource is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics are estimated with sufficient confidence to allow the application of modifying factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Geological evidence is derived from adequately detailed and reliable exploration, sampling and testing and is sufficient to assume geological and grade or quality continuity between points of observation. An inferred mineral resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity. Investors are cautioned not to assume that part or all of an inferred mineral resource exists, or is economically or legally mineable. A feasibility study is a comprehensive technical and economic study of the selected development option for a mineral project that includes appropriately detailed assessments of applicable modifying factors, together with any other relevant operational factors and detailed financial analysis that are necessary to demonstrate, at the time of reporting, that extraction is reasonably justified (economically mineable). The results of the study may reasonably serve as the basis for a final decision by a proponent or financial institution to proceed with, or finance, the development of the project. The confidence level of the study will be higher than that of a pre-feasibility study. The effective date for all of the Company's mineral resource and mineral reserve estimates in this presentation is December 31, 2019. Additional information about each of the mineral projects that is required by NI 43-101, sections 3.2 and 3.3 and paragraphs 3.4 (a), (c) and (d), as well as other information, can be found in the Technical Reports filed by Agnico Eagle, which may be found at www.sedar.com. Other important operating information can be found in the Company's AIF and Form 40-F. Scientific and Technical Data The scientific and technical information contained in this presentation relating to Quebec operations has been approved by Daniel Paré, Eng., Vice-President Operations - Eastern Canada; relating to Nunavut operations has been approved by Dominique Girard, Eng., Senior Vice-President, Operations - Canada and Europe; relating to the Finland operations has been approved by Francis Brunet, Eng., Corporate Director, Business Strategy; relating to Southern Business operations has been approved by Marc Legault, Eng., Senior Vice President, Operations - U.S.A. & Latin America; and relating to exploration has been approved by Guy Gosselin, Eng. and P.Geo., Senior Vice-President, Exploration, each of whom is a "Qualified Person" for the purposes of NI 43-101. The scientific and technical information relating to Agnico Eagle's mineral reserves and mineral resources contained herein (other than the Canadian Malartic mine) has been approved by Dyane Duquette, P.Geo., Corporate Director, Reserves Development of the Company; relating to mineral reserves and mineral resources at the Canadian Malartic mine and other Partnership projects such as Odyssey, East Malartic and East Gouldie projects, has been approved by Sylvie Lampron, Eng., Senior Project Mine Engineer at Canadian Malartic Corporation (for engineering) and Pascal Lehouiller, P.Geo., Senior Resource Geologist at Canadian Malartic Corporation (for geology), each of whom is a "Qualified Person" for the purposes of NI 43-101. CIBC 24th Annual Western Institutional Investor Conference 56#57TMAC Mineral Reserves - December 31, 2019 CATEGORY / DEPOSIT PROVEN Stockpiles Total Proven AGNICO EAGLE TONNES (t 000) GRADE (g/t Au) CONTAINED AU (oz 000) 99 4.1 99 4.1 13 13 PROBABLE Doris 1,194 8.4 321 Madrid North UG 7,525 6.1 1,466 212 5.7 39 Madrid North Crown Pillar Suluk 3,703 5.8 695 Madrid South 842 9.1 245 Boston 3,306 7.2 766 Total Probable 16,782 6.5 3,532 TOTAL P & P Stockpiles ངོ་ཚ་ 99 4.1 13 Doris 1,194 8.4 321 Madrid North UG 7,525 6.1 1,466 212 5.7 39 Madrid North Crown Pillar Suluk 3,703 5.8 695 Madrid South 842 9.1 245 Boston 3,306 7.2 Total P & P 16,881 6.5 25 766 3,545 Note: Data reported by TMAC Resources Inc. Tonnage amounts and contained metal amounts presented in this table have been rounder to the Amual Western Institutional Investor Conference 57 thousand, so aggregate amounts may differ from column totals.#58TMAC Mineral Resources – December 31, 2019 - CATEGORY / DEPOSIT MEASURED TONNES (t 000) AGNICO EAGLE GRADE (g/t Au) CONTAINED Au (oz 000) Doris Boston Total Measured INDICATED Doris Madrid North Suluk 240 11.0 85 1,330 9.3 397 1,570 9.5 481 1,726 9.0 499 10,761 6.6 3,670 7.2 2,273 851 Madrid South 648 14.0 292 Boston 3,441 7.0 776 Total Indicated 20,246 7.2 4,691 MEASURED AND INDICATED Doris 1,966 9.2 584 Madrid North 10,761 6.6 2,273 Suluk 3,670 7.2 851 Madrid South 648 14.0 292 Boston 4,771 7.6 1,173 Total Measured & Indicated 21,816 7.4 5,173 INFERRED Doris Madrid North Suluk Madrid South Boston Total Inferred 1,750 7.1 399 1,113 5.3 190 4,339 5.7 792 662 7.1 152 3,053 6.1 594 10,917 6.1 2,127 Note: Data reported by TMAC Resources. Tonnage amounts and contained metal amounts presented in this table have been rounded the Annual Western Institutional Investor Conference 58 thousand, so aggregate amounts may differ from column totals.#59Notes to Investors Regarding TMAC Mineral Reserves and Mineral Resources AGNICO EAGLE Notes to Investors Regarding the Use of Mineral Resources The mineral reserve and mineral resource estimates contained in this presentation with respect to TMAC Resources Inc. were prepared by TMAC Resources Inc. in accordance with NI 43-101. NOTES TO PROVEN & PROBABLE MINERAL RESERVES 1. CIM definitions were followed for the statement of Mineral Reserves. 2. The Mineral Reserves for each Individual deposit were defined utilizing the following cut-off grades: a) 4.0 g/t gold for longhole stopes. b) 3.0 g/t gold for incremental development ore required for mining. c) 2.0 g/t gold for the Madrid North crown pillar surface mining. 3. 4. 5. All Mineral Reserve were estimated using an average long-term gold price of US$1,325 per ounce and a C$/US$ exchange rate of 1.34. A 50-m crown pillar allowance was applied to Mineral Reserves located below lakes where applicable. Numbers may not add due to rounding. NOTES TO MEASURED, INDICATED & INFERRED MINERAL RESOURCES 1. 2. 3. 4. 5. 6. 7. 8. 9. 23456789 CIM definitions were followed for the statement of Mineral Resources. Mineral Resources are inclusive of those resources converted to Mineral Reserves and are in-situ resources excluding stockpiles. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The Mineral Resources for each Individual deposit were defined utilizing a block cut-off grade of 3.5 g/t. All Mineral Resources were estimated using an average long-term gold price of US$1,500 per ounce and a C$/US$ exchange rate of 1.34. A 50 m crown pillar allowance was applied to Mineral Resources located below lakes where applicable. A minimum intercept width of 1.5 m was applied to the Mineral Resource modelling. Ore density was calculated using the geological block model density field. Numbers may not add due to rounding. Note: Estimates prepared by and data reported by TMAC Resources. CIBC 24th Annual Western Institutional Investor Conference | 59#60AGNICO EAGLE Trading Symbol: AEM on TSX & NYSE Investor Relations: 416-947-1212 [email protected] agnicoeagle.com WORLD COUNCIL