🇫🇮 Agnico Eagle to consolidate Finland’s central Lapland Greenstone Belt in three separate transactions

Toronto, April 20, 2026 – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle” or the “Company”) announced today a plan to complete a comprehensive consolidation of properties in the Central Lapland Greenstone Belt (“CLGB”) of Northern Finland. The Company has entered into definitive agreements for three separate transactions:

• The acquisition of all issued and outstanding shares of Rupert Resources Ltd. (“Rupert”)
• The acquisition of all issued and outstanding shares of Aurion Resources Ltd. (“Aurion”)
• The acquisition of a 70% interest in Fingold Ventures Ltd. (“Fingold JV”) held by B2Gold Corp. (“B2Gold”), which, together with the 30% interest held by Aurion, would result in Agnico Eagle owning a 100% interest in the Fingold JV

The Company currently owns 13.9% of Rupert on a non-diluted basis and 9.9% of Aurion on a partially diluted basis.

Highlights

• Establishes Finland as a multi-asset, multi-decade regional platform within Agnico Eagle’s portfolio, with a pathway to become an approximately 500,000-ounce annual gold production hub within the next decade
• Provides the financial, technical, and on-the-ground resources to develop the highly prospective Ikkari gold project, leveraging Agnico Eagle’s proven management, exploration, permitting, mine building, and operating expertise
• Creates significant value through optimized project development, including an extension of the Ikkari open pit onto the Fingold JV area, expected to capture additional gold ounces in the mine plan on both sides of the property boundary
• Consolidates an approximate 2,492 km² regional land position within the under-explored Central Lapland Greenstone Belt, unlocking significant exploration potential with robust targets across all stages of exploration
• Integrating Ikkari into the Company’s established Finland platform delivers unique operating, development, and construction synergies estimated at up to $500 million, in addition to the value benefit expected from eliminating the property boundary constraint

Agnico Eagle’s President and Chief Executive Officer, Ammar Al-Joundi, commented: “These transactions deliver on our long-standing regional strategy and build on our more than 20 years of best-in-class operating experience in Finland to establish another multi-asset, multi-decade platform in our portfolio within a world-class gold belt. By consolidating the highly prospective and under-explored Central Lapland Greenstone Belt, we are bringing together our long-life Kittila mine, the Ikkari gold project, unconstrained by property boundaries, and a district-scale land position with clearly defined targets across all stages of exploration. Supported by a proven local team with the technical, operating, and exploration expertise to execute, this consolidation positions us to accelerate development, capture unique synergies, drive project-level value, and unlock substantial long-term exploration upside for our shareholders.”

Agnico Eagle’s Executive Vice President of Exploration, Guy Gosselin, commented: “Through these transactions, we have consolidated a regional land position of approximately 2,492 km² in the most prospective exploration belt in the Nordic region. This district hosts multiple high-quality gold opportunities, ranging from near-deposit resource growth to largely untested regional targets, as well as highly prospective Cu-Ni-PGE targets within the lateral extension of the geological formation hosting nearby world-class Cu-Ni-PGE deposits.”

Strategic Rationale

The proposed consolidation of the CLGB aligns with Agnico Eagle’s long-standing strategy of regional consolidation in premier mining jurisdictions. Upon closing these transactions, Agnico Eagle will own, in addition to the Kittila mine, the Ikkari gold project, along with a large, highly prospective land package totaling approximately 2,492 km².

Rupert’s primary asset is its 100%-owned Ikkari gold project, a high-quality, advanced exploration and development project with a large mineral resource and mineral reserve base, including 3.5 million ounces of gold in probable mineral reserves (52.0 million tonnes grading 2.1 grams per tonne gold). The project also offers significant geologic potential and exploration upside across an approximately 1,253 km² land package, with growth opportunities ranging from early-stage targets, zones with initial mineral resources, and the past-producing Pahtavaara gold mine where several known zones remain open.

Aurion has assembled a large, contiguous land position of approximately 761 km² within the CLGB, including the land held by the Fingold JV with B2Gold. The consolidated property provides significant exploration upside across multiple targets and is supported by encouraging exploration results, including discoveries such as Kaasresselka, Helmi, Kutuvuoma, and Vuoma.

Finland Platform – Kittila Mine, the Ikkari Gold Project, Expanded Exploration Upside

• Kittila Mine: The largest primary gold mine in Europe, hosting a large mineral reserve and mineral resource base, including 3.3 million ounces of gold in probable mineral reserves (24.8 million tonnes grading 4.17 grams per tonne gold). Commercial production was achieved in 2009, and the mine was subsequently expanded to a 2 million tonnes per annum operation in 2020. In 2025, Kittila produced 217,379 ounces of gold and generated strong free cash flow.
• Ikkari Gold Project: Located 50 kilometers from Kittila. A pre-feasibility study was completed by Rupert in February 2025, envisioning an open pit and underground operation utilizing conventional processing with average annual gold production of 227,000 ounces of gold over the first 10 years of mine life.
  • Ikkari has a large mineral reserve and mineral resource base – probable mineral reserves of 3.5 million ounces of gold (52.0 million tonnes at 2.10 g/t) from indicated mineral resources of 4.1 million ounces of gold (58.4 million tonnes at 2.18 g/t) (inclusive of mineral reserves)
  • Land consolidation with the Fingold JV creates additional value, allowing for the optimal development of Ikkari, with an unconstrained open pit and optimal positioning of infrastructure
  • Agnico Eagle plans to continue a drill program at Ikkari for infill and condemnation drilling and to test step-out targets as well as some selected regional priority targets, with an approximately $20 million drilling program planned over the first 18 months, along with the completion of an updated internal evaluation for the optimized mine design targeted by the end of 2027
• Consolidated Land Package: The consolidated land package of approximately 2,492 km² has significant potential for mineral resource expansion and new discoveries. A three-year regional exploration program ranging between $60 and $100 million and including 100,000 to 175,000 meters of drilling is planned to unlock the full district-scale potential of the consolidated land position on multiple regional targets.

Transaction Details

Rupert Transaction

Agnico Eagle and Rupert have entered into a definitive arrangement agreement pursuant to which Agnico Eagle has agreed to acquire all of the outstanding common shares of Rupert, other than the Rupert Shares held by Agnico Eagle, by way of a plan of arrangement. Pursuant to the Rupert Transaction, each Rupert Share will be exchanged for upfront consideration comprised of 0.0401 of a common share of Agnico Eagle and contingent consideration of up to $3.00 in the form of a contingent value right (CVR) that is payable upon Rupert’s properties reaching specified milestones. The aggregate upfront consideration on a 100% and fully diluted basis is valued at approximately $2,871 million. The upfront consideration represents an approximately 67% premium to the closing price of the Rupert Shares on the TSX as of April 17, 2026.

Aurion Transaction

Agnico Eagle and Aurion have entered into a definitive arrangement agreement pursuant to which Agnico Eagle has agreed to acquire all of the outstanding common shares of Aurion, other than the Aurion Shares held by Agnico Eagle, by way of a plan of arrangement. Pursuant to the Aurion Transaction, each Aurion Share will be acquired for $2.60 in cash, for an aggregate consideration of approximately $481 million on a 100% and fully-diluted basis. The Aurion Consideration represents approximately a 46% premium to the closing price of the Aurion Shares on the TSX Venture Exchange as of April 17, 2026.

B2Gold Transaction

Agnico Eagle and B2Gold have entered into a definitive purchase agreement pursuant to which Agnico Eagle has agreed to acquire B2Gold’s 70% interest in the Fingold JV for US$325 million in cash. Aurion holds the remaining 30% interest in the Fingold JV and has waived its right of first refusal over the sale of B2Gold’s interest in the Fingold JV. Upon completion of the B2Gold Transaction and the Aurion Transaction, Agnico Eagle will own a 100% interest in the Fingold JV.

Advisors

Edgehill Advisory Ltd. and TD Securities Inc. are acting as financial advisors to Agnico Eagle with respect to the Rupert and Aurion transactions. Davies Ward Phillips & Vineberg LLP is acting as legal advisor to Agnico Eagle.

About Agnico Eagle Mines Limited

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second-largest gold producer in the world, operating mines in Canada, Australia, Finland, and Mexico. Agnico Eagle is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements and information in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Forward-looking statements and information can be identified by statements that certain actions, events, or results “could,” “may,” “should,” “will,” or “would” be taken, occur, or achieved.

All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things, the proposed acquisition by Agnico Eagle of all of the Rupert Shares, all of the Aurion Shares, and B2Gold’s 70% interest in the Fingold JV, and the terms thereof; Agnico Eagle’s plans for the acquired properties; the potential for, and anticipated amount of, synergies; the potential for Agnico Eagle’s Finnish operations to become an approximately 500,000-ounce annual production hub; and other statements that are not historical fact.

The forward-looking statements and information contained in this news release reflect Agnico Eagle’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by Agnico Eagle, are inherently subject to significant operational, business, economic, and regulatory uncertainties and contingencies.

Agnico Eagle cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties, and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information.

Originally published on April 20, 2026 by Agnico Eagle Mines Limited.