Agnico Eagle reported a 2% year-over-year increase in gold mineral reserves to a record 55.4 million ounces at year-end 2025. Measured and indicated resources rose 10% to 47.1 million ounces, while inferred resources increased 15% to 41.8 million ounces.

The reserve growth was driven primarily by additions at Detour Lake, Odyssey (East Gouldie), Hope Bay and the initial declaration of 1.58 million ounces of probable reserves at the Marban deposit following its acquisition in 2025.

At Detour Lake, underground indicated resources reached 3.47 million ounces and inferred resources 3.88 million ounces, supporting continued evaluation of underground expansion. At Odyssey, inferred resources at East Gouldie rose 62% to 7.4 million ounces. Hope Bay’s Patch 7 zone now hosts 1.0 million ounces indicated and 1.7 million ounces inferred, reflecting strong drilling results.

For 2026, the company plans total exploration and project expenditures of $565 million to $635 million, with a midpoint of $600 million, focused on mine-life extensions, resource conversion and advancing key projects including Detour Lake underground, Canadian Malartic and Hope Bay.

Source: Agnico Eagle Mines Limited news release, February 12, 2026.