AGNICO EAGLE MINES LTD

For the period ended Sep 30, 2026. Filed Oct 28, 2026.

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Sep 30, 2026 · Filed Oct 28, 2026

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AEM$191.57+1.3%Stored close · as of Nov 6, 2026

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Contents

EX-99.1 · Summarized Quarterly Data

Summarized Quarterly Data

· · · Three months ended ·
· · · December 31, 2024 · · · March 31, 2025 · · · June 30, 2025 · · · September 30, 2025 · · · December 31, 2025 · · · March 31, 2026 · · · June 30, 2026 · · · September 30, 2026 ·
Revenues from mining operations	$2,223,700	$2,468,248	$2,816,101	$3,059,529	$3,563,973	$4,099,589	$3,802,818	$3,583,609
Production costs	746,858	767,733	789,187	839,321	944,443	955,587	953,758	972,409
Amortization of property, plant and mine development	388,217	416,800	376,956	429,947	421,594	420,266	423,256	457,447
Gross profit	1,088,625	1,283,715	1,649,958	1,790,261	2,197,936	2,723,736	2,425,804	2,153,753
Impairment reversal	—	—	—	—	(229,000)	—	—	—
Exploration, corporate and other	306,114	89,144	33,339	214,693	109,783	164,112	102,949	181,533
Income before income and mining taxes	782,511	1,194,571	1,616,619	1,575,568	2,317,153	2,559,624	2,322,855	1,972,220
Income and mining taxes expense	273,256	379,840	547,908	520,610	794,092	864,163	722,402	619,346
Net income for the period	$509,255	$814,731	$1,068,711	$1,054,958	$1,523,061	$1,695,461	$1,600,453	$1,352,874
Net income per share — basic	$1.02	$1.62	$2.13	$2.10	$3.04	$3.39	$3.19	$2.67
Net income per share — diluted	$1.01	$1.62	$2.12	$2.10	$3.04	$3.38	$3.17	$2.67
Cash flows:
Cash provided by operating activities	$1,131,849	$1,044,246	$1,845,488	$1,815,875	$2,111,504	$1,345,868	$2,144,120	$1,755,015

CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS

(thousands of United States dollars, except share amounts)

· · · As at September 30, 2026 · · · As at December 31, 2025 ·
ASSETS
Current assets:
Cash and cash equivalents	$3,613,125	$2,866,053
Inventories	1,898,882	1,698,830
Fair value of derivative financial instruments (Notes 6 and 15)	1,817	34,428
Other current assets (Note 7A)	656,275	394,631
Total current assets	6,170,099	4,993,942
Non-current assets:
Goodwill	4,157,672	4,157,672
Property, plant and mine development (Note 8)	26,195,919	22,850,540
Investments (Notes 6, 9 and 15)	1,381,101	1,508,252
Other assets (Note 7B)	1,222,228	960,885
Total assets	$39,127,019	$34,471,291
LIABILITIES
Current liabilities:
Accounts payable and accrued liabilities	$1,537,428	$1,033,444
Share based liabilities	38,225	31,722
Income taxes payable	296,177	1,226,347
Reclamation provision	232,758	144,537
Lease obligations	43,400	30,480
Fair value of derivative financial instruments (Notes 6 and 15)	95,969	5,676
Total current liabilities	2,243,957	2,472,206
Non-current liabilities:
Long-term debt (Note 10)	197,102	196,271
Reclamation provision	1,169,682	1,318,476
Lease obligations	87,576	94,719
Share based liabilities	18,474	23,921
Deferred income and mining tax liabilities	5,608,895	5,373,013
Other liabilities	184,488	250,221
Total liabilities	9,510,174	9,728,827
EQUITY
Common shares (Note 11):
Outstanding — 505,999,563 common shares issued, less 453,082 shares held in trust	20,165,616	18,699,862
Stock options (Notes 11 and 12)	167,601	166,775
Retained earnings	9,055,369	5,463,906
Other reserves (Note 13)	228,259	411,921
Total equity	29,616,845	24,742,464
Total liabilities and equity	$39,127,019	$34,471,291
Commitments and contingencies (Note 18)

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF INCOME

(thousands of United States dollars, except per share amounts)

· · · Three Months Ended September 30, · · · Nine Months Ended September 30, ·
· · · 2026 · · · 2025 · · · 2026 · · · 2025 ·
REVENUES
Revenues from mining operations (Note 14)	$3,583,609	$3,059,529	$11,486,016	$8,343,878
COST OF SALES
Production costs	972,409	839,321	2,881,754	2,396,241
Amortization of property, plant and mine development	457,447	429,947	1,300,969	1,223,703
Gross profit	2,153,753	1,790,261	7,303,293	4,723,934
EXPENSES (INCOME)
Exploration and corporate development	77,117	59,630	191,204	153,535
General and administrative	69,555	67,761	205,353	186,360
Finance costs	15,037	24,154	46,832	74,027
Loss (gain) on derivative financial instruments (Note 15)	12,519	20,242	89,223	(173,881)
Foreign exchange translation	6,902	(6,559)	26,297	(18,190)
Care and maintenance	6,192	17,866	44,063	47,449
Gain on sale of investments (Note 16)	—	—	(155,319)	—
Other income and expenses (Note 16)	(5,789)	31,599	941	67,876
Income before income and mining taxes	1,972,220	1,575,568	6,854,699	4,386,758
Income and mining taxes expense	619,346	520,610	2,205,911	1,448,358
Net income for the period	$1,352,874	$1,054,958	$4,648,788	$2,938,400
Net income per share — basic (Note 11)	$2.67	$2.10	$9.25	$5.85
Net income per share — diluted (Note 11)	$2.67	$2.10	$9.24	$5.83
Cash dividends declared per common share	$0.45	$0.40	$1.35	$1.20

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(thousands of United States dollars)

· · · Three Months Ended September 30, · · · Nine Months Ended September 30, ·
· · · 2026 · · · 2025 · · · 2026 · · · 2025 ·
Net income for the period	$1,352,874	$1,054,958	$4,648,788	$2,938,400
Other comprehensive income:
Items that may be subsequently reclassified to net income:
Derivative financial instruments (Note 13):
Reclassified from the cash flow hedge reserve to net income	294	294	882	882
	294	294	882	882
Items that will not be subsequently reclassified to net income:
Pension benefit obligations:
Remeasurement loss on pension benefit obligations	(42)	(43)	(126)	(129)
Income tax impact	11	11	33	33
Equity securities (Note 13):
Net change in fair value of equity securities	85,308	247,802	54,249	496,678
Income tax impact	(12,992)	(36,221)	20,295	(67,975)
	72,285	211,549	74,451	428,607
Other comprehensive income for the period	72,579	211,843	75,333	429,489
Comprehensive income for the period	$1,425,453	$1,266,801	$4,724,121	$3,367,889

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF EQUITY

(thousands of United States dollars, except share and per share amounts)

· · · Common Shares Outstanding · · · Stock Options · · · Retained Earnings · · · Other Reserves · · · Total Equity ·
· · · Shares · · · Amount ·
Balance at December 31, 2024	501,729,505	$18,675,660	$172,145	$2,026,242	$(41,147)	$20,832,900
Net income	—	—	—	2,938,400	—	2,938,400
Other comprehensive (loss) income:	—	—	—	(96)	429,585	429,489
Total comprehensive income	—	—	—	2,938,304	429,585	3,367,889
Transfer of gain on disposal of equity securities to retained earnings, net of tax (Notes 9 and 13)	—	—	—	227,199	(227,199)	—
Transactions with owners:
Shares issued under employee stock option plan (Notes 11 and 12)	1,312,067	87,065	(14,808)	—	—	72,257
Stock options (Notes 11 and 12)	—	—	8,232	—	—	8,232
Shares issued under incentive share purchase plan	372,149	46,848	—	—	—	46,848
Shares issued under dividend reinvestment plan	516,115	59,356	—	—	—	59,356
Share cancellations (Note 11)	(2,096,432)	(80,626)	—	(221,293)	—	(301,919)
Dividends declared ($1.20 per share)	—	—	—	(602,028)	—	(602,028)
Restricted Share Unit plan (“RSU”), Performance Share Unit plan (“PSU”) and Long Term Incentive Plan (“LTIP”) (Notes 11 and 12)	213,158	23,922	—	—	—	23,922
Balance at September 30, 2025	502,046,562	$18,812,225	$165,569	$4,368,424	$161,239	$23,507,457
Balance at December 31, 2025	500,046,600	$18,699,862	$166,775	$5,463,906	$411,921	$24,742,464
Net income	—	—	—	4,648,788	—	4,648,788
Other comprehensive (loss) income	—	—	—	(93)	75,426	75,333
Total comprehensive income	—	—	—	4,648,695	75,426	4,724,121
Transfer of gain on disposal of equity securities to retained earnings, net of tax (Notes 9 and 13)	—	—	—	259,088	(259,088)	—
Transactions with owners:
Shares issued under employee stock option plan (Notes 11 and 12)	551,930	43,216	(6,807)	—	—	36,409
Stock options (Notes 11 and 12)	—	—	7,633	—	—	7,633
Shares issued on acquisition of Rupert Resources Ltd. (Note 5)	8,224,116	1,434,367	—	—	—	1,434,367
Shares issued under incentive share purchase plan	320,411	56,548	—	—	—	56,548
Shares issued under dividend reinvestment plan	330,737	62,575	—	—	—	62,575
Share cancellations (Note 11)	(4,196,031)	(160,718)	—	(638,822)	—	(799,540)
Dividends declared ($1.35 per share)	—	—	—	(677,498)	—	(677,498)
RSU, PSU and LTIP (Notes 11 and 12)	268,718	29,766	—	—	—	29,766
Balance at September 30, 2026	505,546,481	$20,165,616	$167,601	$9,055,369	$228,259	$29,616,845

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

(thousands of United States dollars)

· · · Three Months Ended September 30, · · · Nine Months Ended September 30, ·
· · · 2026 · · · 2025 · · · 2026 · · · 2025 ·
OPERATING ACTIVITIES
Net income for the period	$1,352,874	$1,054,958	$4,648,788	$2,938,400
Add (deduct) adjusting items:
Amortization of property, plant and mine development	457,447	429,947	1,300,969	1,223,703
Deferred income and mining taxes	105,775	64,616	264,595	74,341
Unrealized loss (gain) on currency and commodity derivatives (Note 15)	8,577	50,343	125,619	(99,455)
Unrealized gain on warrants (Note 15)	(217)	(25,613)	(6,910)	(87,044)
Stock-based compensation (Note 12)	31,492	37,913	78,118	86,695
Foreign exchange translation	6,902	(6,559)	26,297	(18,190)
Gain on sale of investments (Note 16)	—	—	(155,319)	—
Other	(2,925)	55,639	21,334	84,270
Changes in non-cash working capital balances:
Income taxes	11,082	189,741	(991,388)	491,108
Inventories	(235,852)	(143,052)	(241,546)	(165,196)
Other current assets	(173,186)	(11,022)	(202,941)	(17,784)
Accounts payable and accrued liabilities	193,046	118,964	377,387	194,761
Cash provided by operating activities	1,755,015	1,815,875	5,245,003	4,705,609
INVESTING ACTIVITIES
Additions to property, plant and mine development (Note 8)	(902,801)	(626,330)	(2,325,805)	(1,616,930)
Purchase of O3 Mining, net of cash and cash equivalents acquired	—	—	—	(121,960)
Purchase of Central Lapland properties, net of cash and cash equivalents acquired (Note 5)	—	—	(578,408)	—
Purchase of exploration properties	(55,591)	—	(55,591)	—
Contributions for acquisition of mineral assets	(5,445)	—	(17,079)	(8,400)
Purchase of equity securities and other investments	(189,750)	(60,142)	(407,841)	(198,503)
Proceeds from sale of equity securities and other investments	—	402,720	260,646	402,720
Other investing activities	(1,462)	(4,312)	14,587	(5,867)
Cash used in investing activities	(1,155,049)	(288,064)	(3,109,491)	(1,548,940)
FINANCING ACTIVITIES
Repayment of Senior Notes	—	(400,000)	—	(950,000)
Debt financing and extinguishment costs	—	(8,245)	—	(8,245)
Repayment of lease obligations	(10,821)	(8,620)	(26,590)	(26,970)
Dividends paid	(204,919)	(186,350)	(614,938)	(542,695)
Repurchase of common shares (Notes 11 and 12)	(249,989)	(149,855)	(817,764)	(309,843)
Proceeds from exercise of stock options (Note 12)	3,427	10,411	36,409	72,257
Common shares issued	12,507	10,539	37,721	31,255
Cash used in financing activities	(449,795)	(732,120)	(1,385,162)	(1,734,241)
Effect of exchange rate changes on cash and cash equivalents	(1,003)	1,503	(3,278)	5,900
Net increase in cash and cash equivalents during the period	149,168	797,194	747,072	1,428,328
Cash and cash equivalents, beginning of period	3,463,957	1,557,565	2,866,053	926,431
Cash and cash equivalents, end of period	$3,613,125	$2,354,759	$3,613,125	$2,354,759
SUPPLEMENTAL CASH FLOW INFORMATION
Interest paid	$1,618	$7,795	$4,957	$46,213
Income and mining taxes paid	$513,720	$261,403	$2,925,218	$877,708

NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

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