Agnico Eagle renews normal course issuer bid

Agnico Eagle (AEM) has received approval from the Toronto Stock Exchange of Agnico Eagle’s notice of intention to renew its normal course issuer bid. Under the NCIB, Agnico Eagle may purchase for cancellation, on the open market at its discretion, during the period commencing on May 4, 2025 and ending on the earlier of May 3, 2026 and the completion of purchases under the NCIB, up to the lesser of 25,174,240 common shares of Agnico Eagle, which is 5% of the issued and outstanding Common Shares; and that number of Common Shares that can be purchased by Agnico Eagle under the NCIB for an aggregate purchase price of not more than $1B. Based on the closing share price of $119.02 on April 28, 2025, 8,401,949 Common Shares would be purchasable under the NCIB, representing approximately 1.67% of the issued and outstanding Common Shares as of April 28, 2025. As of April 28, 2025, Agnico Eagle had 503,484,810 issued and outstanding Common Shares. Daily purchases on the TSX under the NCIB will be limited to 248,879 Common Shares, which represents 25% of the average daily trading volume of 995,517 on the TSX for six months ending March 31.