Agnico Eagle Expands Gold Footprint with Cadillac Mines Share Buy‑Up and Prism Royalty Deal

Corporate Update – Agnico Eagle Mines Limited and Cadillac Mines Corporation

Agnico Eagle Mines Limited (the “Company”) announced that it will undertake a private placement with Cadillac Mines Corporation (the “Target”) to acquire approximately 9 million common shares of the Target at a price of C$6.90 per share. The transaction is scheduled to close in early August 2026 and is a component of the Company’s broader strategy to secure strategic positions in entities that exhibit high geological potential.

Transaction Structure and Shareholding Impact

Prior to the transaction, the Company held roughly 9.7 % of the Target’s outstanding shares. Upon completion, this stake is expected to increase to approximately 11.1 %. In addition to the share acquisition, the agreement grants Agnico Eagle rights to participate in future equity financings of Cadillac Mines, thereby enabling the Company to preserve its pro‑rated ownership interest. A lock‑up provision will restrict the sale or transfer of the acquired shares for six months following Cadillac’s initial public offering, ensuring stability in the Company’s equity position during the transition period.

Complementary Royalty Transaction

In a separate development, Prism Resources reported that its shareholders have approved a royalty sale to Agnico Eagle. This transaction further illustrates the Company’s continued focus on expanding its asset base through targeted acquisitions and partnership arrangements, thereby enhancing its production pipeline and reinforcing its market position.

Strategic Significance

These moves reinforce Agnico Eagle’s commitment to building a robust pipeline of high‑quality projects across its operating regions. By deepening its ownership in Cadillac Mines, the Company gains access to the Target’s proven gold resources and potential for further development, thereby strengthening its strategic positioning within the global gold market. The royalty transaction with Prism Resources likewise expands the Company’s portfolio, providing additional revenue streams and mitigating portfolio concentration risk.

Overall, the acquisition and royalty agreements exemplify Agnico Eagle’s disciplined approach to portfolio expansion—leveraging geological potential, securing favorable ownership terms, and maintaining flexibility for future capital participation. These actions are consistent with the Company’s long‑term objective of sustaining competitive advantage and delivering value to shareholders amid evolving commodity dynamics.