Agnico Eagle COVID-19 and Operations Update
Agnico 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 9View entire presentation