Agnico Eagle Mines Limited - About Agnico

Our mines

are located in the mining friendly regions of Canada (Quebec and Nunavut), Finland, and Mexico, with exploration activities in each of these regions as well as in Ontario and British Columbia (Canada), the United States and Sweden.

We maintain a solid financial profile, and expect to maintain net free cash flow with stable annual production and costs.

1,626,669 OZ.

We produced 1,626,669 ounces of gold in 2018 and 4.5 million ounces of silver.

Agnico has a strong track record of growing gold reserves and resources through exploration — our gold reserves stand at 22.0 million ounces. We also have approximately 44 million ounces of silver, 140,000 tonnes of zinc and 89,000 tonnes of copper in reserves as of December 31, 2018.

In 2019, we expect to produce 1,750,000 ounces of gold.

5,900,000

LaRonde mine has produced 5.9 million ounces of gold since 1988 and remains a consistent engine of earnings and cash flow. LaRonde produced 344,000 ounces of gold in 2018, and expects to produce 340,000 ounces in 2019.

Canadian Malartic (50% interest obtained in June 2014) is one of the world’s largest pure gold producers.

The 55,000-tonnes/day open pit mine and plant produced a record 697,000 ounces of gold in 2018 (on a 100% basis), with another 660,000 ounces expected in 2019.

The Goldex underground mine is exploiting its M, E and Deep 1 zones and is developing the South Zone for production. The Deep 1 project achieved commercial production on July 1, 2017. Goldex produced 121,000 ounces of gold in 2018, and expects to produce 115,000 ounces in 2019.

The Meadowbank mine in Nunavut, Canada had production of 249,000 gold ounces in 2018, and expects to produce 65,000 ounces in 2019, its last half-year of production.

Commercial production is expected to begin at the Amaruq satellite deposit at Meadowbank in the third quarter of 2019. The Whale Tail pit is expected to produce 165,000 ounces of gold in 2019.

The Meliadine mine development in Nunavut has one of Agnico Eagle’s largest mineral resources, with reserve grades more than twice the Company average.

Agnico Eagle approved construction of the Meliadine project in February 2017, and production is expected to begin in the second quarter of 2019. Meliadine is expected to produce 230,000 ounces of gold in 2019.

The Kittila mine in northern Finland is the largest primary gold producer in Europe, and hosts the company's largest mineral reserves.

The expansion project including shaft construction and mill upgrades is expected to increase the mill throughput by 25% to 2 million tonnes per year by 2021.

Pinos Altos and nearby Creston Mascota are comprised of open-pit and underground mines with substantial reserves of gold and silver, a 5,500-tonne/day plant and heap leach facilities in northern Mexico.

The low-cost operations are a strong cash generator for the Company.

The La India open pit, heap leach operation in northern Mexico achieved commercial operations in 2014. It has operating synergies with the Pinos Altos and Creston Mascota mine complex, only 70 km away.