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Reporting assumptions

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Ownership basis

Show the full project inventory before ownership adjustment.

Display scale

Display contained quantities in millions of ounces or tonnes.

Resource treatment

Normalise Resources to exclude Reserves: where a project is flagged inclusive, net Reserves out of Resources so the figure is additional Resources beyond Reserves. Unknown-convention rows are shown as stated.

Resource total

Total Resource includes Inferred (JORC convention). Totals are re-derived from category rows wherever the document discloses them.

Recovery basis

Show the issuer's headline recoverable figure as reported. Lithium-brine reserves already have the brine-processing recovery factor applied; everything else is shown as stated.

Commodity view

Primary view: each commodity in its own contained unit (oz / t).

Upper Beaver

Ontario, Canada · DevelopingUnverified

Current R&R by category

Whole-project rollup at the latest vintage per category: printed project-level rows are preferred, and mining areas are summed (tonnes-weighted grade) only where the issuer prints no project-level row. Per-area and per-source detail in the Current R&R table below.

Au

Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	As at
Measured	—	—	—	—
Indicated	7.56 Mt	2.03 g/t	0.50 Moz	31 Dec 2025
Inferred	2.95 Mt	4.12 g/t	0.39 Moz	31 Dec 2025
Total Resources	10.52 Mt	2.62 g/t	0.89 Moz	31 Dec 2025
Proved	—	—	—	—
Probable	23.18 Mt	3.71 g/t	2.77 Moz	31 Dec 2025
Total Reserves	23.18 Mt	3.71 g/t	2.77 Moz	31 Dec 2025

Cu

Category	Tonnes (Mt)	Grade (% Cu)	Contained (Mt Cu)	As at
Measured	—	—	—	—
Indicated	7.56 Mt	0.16%	0.01 Mt Cu	31 Dec 2025
Inferred	2.95 Mt	0.36%	0.01 Mt Cu	31 Dec 2025
Total Resources	10.52 Mt	0.22%	0.02 Mt Cu	31 Dec 2025
Proved	—	—	—	—
Probable

Cut-off grade

43.4900 g/t Au · 118.1700 g/t Au

Price assumption

US$3.75/oz · US$1450.00/oz

JORC code year

—

Peer benchmark — developing Au projects (284 with resources)Resource size P50Resource grade P83View on grade-tonnage chart →

Percentile of this project's current total Resource among covered peers (P100 = largest / highest grade). Basis and Inferred toggles apply.

Data quality

Latest source: AGNICO EAGLE PROVIDES AN UPDATE ON 2025 EXPLORATION RESULTS AND 2026 EXPLORATION PLANS - YEAR OVER YEAR MINERAL RESERVES INCREASE 2% TO 55.4 MOZ; INDICATED MINERAL RESOURCES INCREASE 10% TO 47.1 MOZ AND INFERRED MINERAL RESOURCES INCREASE 15% TO 41.8 MOZ · 31 Dec 2025
Reporting code: unknown
Convention: exclusive
Currency assumption: US$
Disagreement flags: 5 rows

Current R&R

Resources

Area	Category	Tonnes (Mt)	Au		Cu		As at	Source	Provenance
Area	Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	Grade (% Cu)	Contained (Mt Cu)	As at	Source	Provenance
Total	Total Resources	10.52 Mt	2.62 g/t	0.89 Moz	0.22%	0.02 Mt Cu	31 Dec 2025	derived from 3 rows

Open Pit

Indicated

0.05 Mt

0.87 g/t

2 koz

0.10%

0.06 kt Cu

31 Dec 2025

Copper Mineral Resources tableUnverified

notes (4)

Source: AGNICO EAGLE PROVIDES AN UPDATE ON 2025 EXPLORATION RESULTS AND 2026 EXPLORATION PLANS - YEAR OVER YEAR MINERAL RESERVES INCREASE 2% TO 55.4 MOZ; INDICATED MINERAL RESOURCES INCREASE 10% TO 47.1 MOZ AND INFERRED MINERAL RESOURCES INCREASE 15% TO 41.8 MOZ · published 12 Feb 2026

Ref: Copper Mineral Resources table

Unknown code — Reporting code not yet captured for this row.
excl — Stated Resources are EXCLUSIVE of Reserves — they sit on top of the reserve, so decks quoting inclusive resources will show a larger figure (inclusive = this row + the converted reserve).

QA notes:

QA INFO: recompute differs 3.57% from the printed contained figure, but the printed tonnes/grade/contained are only good to ±6.82% (rounding granularity) — treated as reconciled.
QA fix: figures exact for the printed 'Upper Beaver O/P' Indicated Cu cell 54 kt @ 0.10% = 56 t (copper resource detail line 3754); the abbreviation splits the deposit from the project's approved area label 'Open Pit' (used by the 2025 reserve rows off the same printed line, and by the sibling Au row) — the doc's own legend reads Open Pit ('O/P') at line 3

Reserves

Area	Category	Tonnes (Mt)	Au		Cu		As at	Source	Provenance
Area	Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	Grade (% Cu)	Contained (Mt Cu)	As at	Source	Provenance
Total	Total Reserves	23.18 Mt	3.71 g/t	2.77 Moz	0.24%	0.05 Mt Cu	31 Dec 2025	Mineral Reserves as at December 31, 2025 — Copper table — Upper Beaver TotalUnverified Evidence record Upper Beaver Total Reserve · Cu · as at 2025-12-31 Reported figure Area Whole project Basis 100% Ore tonnes (t) 23181000.0000 Grade 0.2400 Contained (t Cu) 54930.0000 Classification Reserve Source trail AGNICO EAGLE PROVIDES AN UPDATE ON 2025 EXPLORATION RESULTS AND 2026 EXPLORATION PLANS - YEAR OVER YEAR MINERAL RESERVES INCREASE 2% TO 55.4 MOZ; INDICATED MINERAL RESOURCES INCREASE 10% TO 47.1 MOZ AND INFERRED MINERAL RESOURCES INCREASE 15% TO 41.8 MOZ Mineral Reserves as at December 31, 2025 — Copper table — Upper Beaver Total Published 2026-02-12 Verification Approved; not independently verified · Model extracted QA WARN: figures within print rounding of a stored row of the same company/project/area/category under a DIFFERENT as-at date — likely a re-presentation (DFS / annual statement / global MRE restating an already-stored estimate, possibly at coarser rounding). Keep one operative copy; verify supersession before storing both. QA INFO: recompute differs 1.28% from the printed contained figure, but the printed tonnes/grade/contained are only good to ±2.09% (rounding granularity) — treated as reconciled. Copies a pre-filled issue record so you can send it through your normal channel.	notes (2) Source: AGNICO EAGLE PROVIDES AN UPDATE ON 2025 EXPLORATION RESULTS AND 2026 EXPLORATION PLANS - YEAR OVER YEAR MINERAL RESERVES INCREASE 2% TO 55.4 MOZ; INDICATED MINERAL RESOURCES INCREASE 10% TO 47.1 MOZ AND INFERRED MINERAL RESOURCES INCREASE 15% TO 41.8 MOZ · published 12 Feb 2026 Ref: Mineral Reserves as at December 31, 2025 — Copper table — Upper Beaver Total Unknown code — Reporting code not yet captured for this row. QA notes: QA WARN: figures within print rounding of a stored row of the same company/project/area/category under a DIFFERENT as-at date — likely a re-presentation (DFS / annual statement / global MRE restating an already-stored estimate, possibly at coarser rounding). Keep one operative copy; verify supersession before storing both. QA INFO: recompute differs 1.28% from the printed contained figure, but the printed tonnes/grade/contained are only good to ±2.09% (rounding granularity) — treated as reconciled.
Open Pit	Probable	3.24 Mt	1.82 g/t	0.19 Moz	0.14%	4.48 kt Cu	31 Dec 2025	Mineral Reserves as at December 31, 2025 – CopperUnverified Evidence record Upper Beaver Probable · Cu · as at 2025-12-31 Reported figure Area Open Pit Basis 100% Ore tonnes (t) 3235000.0000 Grade 0.1400 Contained (t Cu) 4477.0000 Classification Reserve Source trail AGNICO EAGLE PROVIDES AN UPDATE ON 2025 EXPLORATION RESULTS AND 2026 EXPLORATION PLANS - YEAR OVER YEAR MINERAL RESERVES INCREASE 2% TO 55.4 MOZ; INDICATED MINERAL RESOURCES INCREASE 10% TO 47.1 MOZ AND INFERRED MINERAL RESOURCES INCREASE 15% TO 41.8 MOZ Mineral Reserves as at December 31, 2025 – Copper Published 2026-02-12 Verification Approved; not independently verified · Model extracted QA INFO: inclusive-of-reserves flag cleared — the flag describes resource statements; reserve rows carry none. QA WARN: identical figures to a stored row of the same company/project/area/category under a DIFFERENT as-at date — likely a re-presentation (DFS / annual statement / global MRE restating an already-stored estimate). Keep one operative copy; verify supersession before storing both. QA INFO: recompute differs 1.16% from the printed contained figure, but the printed tonnes/grade/contained are only good to ±3.60% (rounding granularity) — treated as reconciled. Copies a pre-filled issue record so you can send it through your normal channel.	notes (3)
Underground	Probable	19.95 Mt	4.02 g/t	2.58 Moz	0.25%	0.05 Mt Cu	31 Dec 2025	Mineral Reserves as at December 31, 2025 – CopperUnverified Evidence record Upper Beaver Probable · Cu · as at 2025-12-31 Reported figure Area Underground Basis 100% Ore tonnes (t) 19946000.0000 Grade 0.2500 Contained (t Cu) 50453.0000 Classification Reserve Source trail AGNICO EAGLE PROVIDES AN UPDATE ON 2025 EXPLORATION RESULTS AND 2026 EXPLORATION PLANS - YEAR OVER YEAR MINERAL RESERVES INCREASE 2% TO 55.4 MOZ; INDICATED MINERAL RESOURCES INCREASE 10% TO 47.1 MOZ AND INFERRED MINERAL RESOURCES INCREASE 15% TO 41.8 MOZ Mineral Reserves as at December 31, 2025 – Copper Published 2026-02-12 Verification Approved; not independently verified · Model extracted QA INFO: inclusive-of-reserves flag cleared — the flag describes resource statements; reserve rows carry none. QA WARN: identical figures to a stored row of the same company/project/area/category under a DIFFERENT as-at date — likely a re-presentation (DFS / annual statement / global MRE restating an already-stored estimate). Keep one operative copy; verify supersession before storing both. QA INFO: recompute differs 1.17% from the printed contained figure, but the printed tonnes/grade/contained are only good to ±2.00% (rounding granularity) — treated as reconciled. Copies a pre-filled issue record so you can send it through your normal channel.	notes (3)