Core Viewpoint - Agnico Eagle Mines Limited has agreed to invest in Collective Mining Ltd through a private placement, acquiring a significant stake in an early-stage gold exploration project in Colombia, enhancing its portfolio of high-quality growth projects [1][2]. Investment Details - Agnico Eagle will subscribe for 4,741,984 common shares of Collective at C$11.00 per share, totaling C$52,161,824 [1]. - Concurrently, Agnico Eagle will exercise warrants to acquire an additional 2,250,000 common shares at C$5.01 per share, amounting to C$11,272,500 [1]. - Upon closing, Agnico Eagle will own 12,718,219 common shares, representing approximately 14.99% of the total issued shares on a non-diluted basis [3]. Strategic Rationale - The investment aligns with Agnico Eagle's strategy of acquiring positions in projects with high geological potential, particularly in regions with a strong mining history [2]. - The investment in Collective is seen as a way to enhance Agnico Eagle's exposure to gold exploration in Colombia, led by a capable management team [2]. Investor Rights Agreement - An investor rights agreement allows Agnico Eagle to maintain its ownership percentage through participation in future equity financings, with the ceiling for ownership interest increased from 9.99% to 14.99% [4]. - Agnico Eagle has the right to nominate board members, although it currently has no intention to exercise this right [4]. Company Overview - Agnico Eagle is a leading Canadian gold mining company and the third largest gold producer globally, with operations in Canada, Australia, Finland, and Mexico [6]. - The company has a strong track record of sustainability and has consistently provided shareholder value through annual cash dividends since 1983 [7].

Core Viewpoint - Agnico Eagle Mines Limited (AEM) is experiencing strong performance driven by high gold prices and production, but faces challenges from rising costs and declining earnings estimates for 2025 [2][16][17]. Financial Performance - AEM's shares have increased by 20.9% over the past six months, outperforming the industry and S&P 500 [2] - The company achieved record annual gold production of 3,485,336 ounces in 2024, supported by key projects [9] - Operating cash flow rose approximately 55% year over year to $1,132 million in Q4 2024, with free cash flows increasing around 89% to $570 million [12] - AEM returned about $920 million to shareholders through dividends and repurchases in the previous year [12] Market Position - AEM is trading at a forward price/earnings ratio of 22.24X, significantly above the industry average of 14.59X [1] - The company has maintained a strong liquidity position, increasing its revolving credit facility to $2 billion [12] Growth Projects - Key projects include the Odyssey project, Detour Lake, Hope Bay, Upper Beaver, and San Nicolas, which are expected to enhance production and cash flows [9][11] - The Hope Bay Project has proven and probable mineral reserves of 3.4 million ounces, anticipated to contribute significantly to cash flow [10] Cost Challenges - Total cash costs per ounce of gold increased by roughly 4% year over year, with all-in-sustaining costs (AISC) rising about 7% [16] - AEM forecasts total cash costs for 2025 to be between $915 and $965 per ounce, with AISC between $1,250 and $1,300, indicating continued cost pressures [16] Dividend and Shareholder Returns - AEM offers a dividend yield of 1.7% with a five-year annualized dividend growth rate of 13.3% and a payout ratio of 38%, indicating a sustainable dividend [15] Market Outlook - Gold prices surged approximately 27% in 2024, driven by central bank demand and geopolitical tensions, with expectations for continued support in the current environment [13][14]

Core Viewpoint - Agnico Eagle Mines (AEM) has shown a positive stock performance of +1% over the past month, contrasting with the Zacks S&P 500 composite's -4.1% change, indicating potential resilience in the gold mining sector [1] Earnings Estimates Revisions - Agnico is expected to report earnings of $1.05 per share for the current quarter, reflecting a year-over-year increase of +38.2%, with a recent consensus estimate change of +9.2% [4] - For the current fiscal year, the consensus earnings estimate stands at $4.70, indicating a year-over-year change of +11.1%, although this estimate has decreased by -1.2% over the last 30 days [4] - The next fiscal year's consensus earnings estimate is $4.13, suggesting a decline of -12.1% from the previous year, with a slight increase of +0.5% in the last month [5] Revenue Growth Forecast - The consensus sales estimate for Agnico is $2.24 billion for the current quarter, representing a year-over-year growth of +22.4% [8] - For the current fiscal year, revenue estimates are $9.22 billion, indicating a growth of +11.3%, while the next fiscal year's estimate of $8.9 billion reflects a decline of -3.5% [8] Last Reported Results and Surprise History - In the last reported quarter, Agnico achieved revenues of $2.22 billion, marking a year-over-year increase of +26.6%, with an EPS of $1.26 compared to $0.57 a year ago [9] - The reported revenues exceeded the Zacks Consensus Estimate of $2.1 billion by +6.03%, and the EPS surprise was +7.69% [10] - Agnico has consistently beaten consensus EPS and revenue estimates in the last four quarters [10] Valuation - Agnico holds a Zacks Rank 3 (Hold), indicating it may perform in line with the broader market in the near term [6][15] - The Zacks Value Style Score grades Agnico as C, suggesting it is trading at par with its peers [14]

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Financial Data and Key Metrics Changes - Agnico Eagle reported record financial results in 2024, with record revenue of $2.2 billion, adjusted earnings of $632 million ($1.26 per share), and operating cash flow exceeding $1.1 billion ($2.26 per share) [21][22] - For the full year, gold production reached approximately 3.49 million ounces, with total cash costs around $903 per ounce and all-in sustaining costs of $1,239 per ounce [20][21] - The company reduced its net debt significantly from $1.5 billion at the start of 2024 to just $217 million by year-end [23][25] Business Line Data and Key Metrics Changes - The Nunavut platform achieved record operating margin of $1.3 billion in 2024, driven by operational records at Meliadine and Meadowbank [30] - Detour set a third consecutive quarterly mill throughput record, while Macassa and Fosterville also achieved annual production records [49][50] - Pinos Altos faced challenges due to its mature status, prompting a reassessment of productivity rates for 2025 [50] Market Data and Key Metrics Changes - The average gold price for 2024 was $2,384 per ounce, with expectations for significant margin expansion and cash flow growth in 2025 due to current spot prices [21][22] - The company anticipates a volatile year in 2025, with gold price volatility skewed to the upside [15] Company Strategy and Development Direction - Agnico Eagle aims to grow its Ontario platform by 50% over the next several years, with projects like Upper Beaver and Detour Underground contributing to this growth [5][54] - The company is focused on low-risk, high-quality jurisdictions and disciplined capital deployment, emphasizing the importance of knowledge before spending [70][72] - The vision includes potentially processing over 1 million ounces annually at both Malartic and Detour, positioning Agnico Eagle among the largest gold producers globally [6][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong position, citing a robust project pipeline and a strong balance sheet with nearly $1 billion in cash [12][13] - The management remains constructive on gold prices, believing that the factors driving gold prices up over the last 20 years are still in place and accelerating [14][15] - The company is committed to delivering strong production and best-in-class cost control to maximize shareholder returns [15][17] Other Important Information - Agnico Eagle plans to continue investing in high-return internal growth projects while maintaining a flat sustaining capital spending in 2025 [27] - The company is focused on exploration, with over 1.2 million meters of drilling completed in 2024, leading to significant mineral resource growth [62][67] Q&A Session Summary Question: Timeline for Hope Bay project delivery - Management indicated that the focus is on freezing the project scope and expects to provide more details in the first half of 2026, with potential startup early next decade [84][86] Question: Capital allocation and excess cash - The company plans to maintain the current dividend and be opportunistic with share repurchases while focusing on improving the balance sheet and achieving a net cash position [95][96] Question: Growth projections beyond the 3-year guidance - Management emphasized that growth will only be pursued if it creates value for shareholders, with expectations for continued growth in production from projects like Detour and Hope Bay [102] Question: Update on Meadowbank and potential extensions - The team is exploring scenarios to extend the life of Meadowbank through underground operations, potentially generating 150,000 ounces per year from 2028 to 2035 [110][111] Question: License progression at San Nicolas - The company is progressing with regulatory submissions for San Nicolas, but there is uncertainty regarding proposed constitutional changes affecting open-pit mining [114] Question: Capacity potential at Malartic and Wasamac - Management discussed the potential for additional capacity at Malartic and the logistics of transporting ore from Wasamac, emphasizing ongoing evaluations [120][122]

Fourth Quarter and Full Year 2024 Results February 14, 2025 Notes to Investors Unless otherwise stated, references to "LaRonde", "Canadian Malartic", "Meadowbank" and "Goldex" are to the Company's operations at the LaRonde complex, the Canadian Malartic complex, the Meadowbank complex and the Goldex complex, respectively. The LaRonde complex consists of the mining, milling and processing operations at the LaRonde mine and the mining operations at the LaRonde Zone 5 mine. The Canadian Malartic complex consis ...

Alluvial Gold Research offers in-depth research on my favorite miners ranked in order to aid in positioning in the most undervalued miners with upcoming catalysts to drive portfolio outperformance. Subscribers also get access to my current portfolios and buy/sell alerts as well as the following:Analyst’s Disclosure: I/we have a beneficial long position in the shares of AEM, AEM:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I ...

Agnico Eagle Mines Limited (AEM) reported adjusted earnings of $1.26 per share for fourth-quarter 2024, up from 58 cents in the year-ago quarter. The bottom line topped the Zacks Consensus Estimate of $1.17 per share.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company generated revenues of $2,223.7 million, up nearly 26.6% year over year. The top line surpassed the Zacks Consensus Estimate of $2,097.2 million.AEM’s Operational HighlightsPayable gold production was 847,401 ounc ...

Agnico Eagle Mines (AEM) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.69%. A quarter ago, it was expected that this gold mining company would post earnings of $0.98 per share when it actually produced earnings of $1.14, delivering a surprise of 16.33%.Over the last four quarters, ...

Exhibit 99.1 For further information: Investor Relations (All amounts expressed in U.S. dollars unless otherwise noted) AGNICO EAGLE REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS – RECORD ANNUAL GOLD PRODUCTION AND FREE CASH FLOW; BALANCE SHEET STRENGTHENED BY FURTHER DEBT REDUCTION; UPDATED THREE-YEAR GUIDANCE Toronto (February 13, 2025) – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) ("Agnico Eagle" or the "Company") today reported financial and operating results for the fourth quarter and full year ...