TORONTO, Oct. 28, 2026 /CNW/ — Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle” or the “Company”) today reported financial and operating results for the third quarter of 2026.

“Our business continues to perform well, reflecting the consistent execution of our teams across the Company. Solid operational performance contributed to strong free cash flow generation and we remain on track to achieve our full year guidance, with production expected near the lower end of the range and costs within the range despite inflationary cost pressures,” said Ammar Al-Joundi, President and Chief Executive Officer. “We are making excellent progress across our project pipeline, with the focus on continuing our long track record of increasing gold production per share for our owners. Construction is ramping up at Hope Bay, the first phase of shaft sinking is complete at Odyssey and project infrastructure continues to advance at Upper Beaver and Detour Lake. Our strong free cash flow generation provides the flexibility to advance these growth opportunities while continuing to return significant capital to shareholders through dividends and share repurchases.”

Third quarter 2026 highlights:

• Disciplined execution supports solid operational performance – Payable gold production¹ was 814,012 ounces, in line with the adjusted plan, at production costs per ounce of $1,193, total cash costs per ounce² of $1,133 and all-in sustaining costs (“AISC”) per ounce² of $1,648. The strong operating performance was led by Detour Lake, Fosterville and Kittila
  
• Strong quarterly free cash flow drives quarterly financial results – Solid operational performance, combined with realized gold prices³ of $4,264 per ounce in the third quarter, resulted in strong free cash flow. The Company reported quarterly net income of $1,353 million or $2.67 per share and adjusted net income⁴ of $1,324 million or $2.62 per share. The Company generated cash provided by operating activities of $1,755 million or $3.47 per share and free cash flow⁴ of $852 million or $1.68 per share
  
• Financial strength and flexibility further enhanced – The Company increased its cash balance by $149 million to $3,613 million as at September 30, 2026, resulting in a net cash position⁵ of $3,416 million with total debt outstanding of $197 million as at September 30, 2026. Subsequent to the quarter-end, the Company amended and restated its $2 billion unsecured revolving bank credit facility, increasing it to $3 billion and with a maturity date of October 28, 2031