Agnico Eagle Announces Additional Investment IN
Stock Symbol: AEM (NYSE and TSX)
For further information: Investor Relations
(416) 947-1212
AGNICO EAGLE ANNOUNCES ADDITIONAL INVESTMENT IN
MAPLE GOLD MINES LTD.
Toronto (February 17, 2026) – Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) (“Agnico
Eagle”) announced today that it has acquired 662,780 common shares (“Common Shares”) of
Maple Gold Mines Ltd. (TSX-V: MGM) (“Maple”) at C$2.45 per Common Share (the “Share
Purchases”) for total consideration of C$ 1,623,811 from several sellers that participated in an
offering of flow-through Common Shares undertaken by Maple immediately prior to the Share
Purchases.
On September 9, 2025, Agnico Eagle filed an early warning report disclosing that it owned
Common Shares and common share purchase warrants (each, a “Warrant”) representing
approximately 15.38% and 16.32% of the then issued and outstanding Common Shares on a
non-diluted and partially-diluted basis, respectively. Thereafter, Maple completed certain dilutive
securities issuances which reduced Agnico Eagle’s ownership interest , immediately prior to the
Share Purchases, to approximately 12.90 % and 13.71 % on a non -diluted and partially -diluted
basis, respectively. Following the Share Purchases, Agnico Eagle owns 8,716,825 Common
Shares and 586,619 Warrants, representing approximately 12.98% of the issued and outstanding
Common Shares on a non-diluted basis and 13.73% of the issued and outstanding Common
Shares on a partially-diluted basis, assuming exercise of the Warrants held by Agnico Eagle and
after giving effect to all other security issuances completed by Maple concurrently with the Share
Purchases.
Agnico Eagle and Maple are party to an investor rights agreement dated October 13, 2020,
pursuant to which Agnico Eagle is entitled to certain rights, provided Agnico Eagle maintains
certain ownership thresholds in Maple, including: (a) the right to participate in equity financings in
order to maintain its pro rata ownership in Maple at the time of such financing or acquire up to a
19.9% ownership interest in Maple; and (b) the right (which Agnico Eagle has no present intention
of exercising) to nominate one person (and in the case of an increase in the size of the board of
directors of Maple to eight or more directors, two persons) to the board of directors of Maple.
Agnico Eagle acquired the Common Shares as part of its strategy of acquiring strategic positions
in prospective opportunities with high geological potential. Depending on market conditions,
strategic priorities and other factors, Agnico Eagle may, from tim e to time, acquire additional
Common Shares or other securities of Maple, or dispose of some or all of the Common Shares
or other securities of Maple that it owns at such time.
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An amended early warning report will be filed by Agnico Eagle in accordance with applicable
securities laws. To obtain a copy of the early warning report, please contact:
Agnico Eagle Mines Limited
c/o Investor Relations
145 King Street East, Suite 400
Toronto, Ontario M5C 2Y7
Telephone: 416-947-1212
Email: [email protected]
Agnico Eagle’s head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C
2Y7. Maple's head office is located at 1111 West Hastings Street, 6 th Floor, Vancouver, British
Columbia V6E 2J3.
About Agnico Eagle
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. The
Company 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 div idend every
year since 1983.
Forward-Looking Statements
The information in this news release has been prepared as at February 17, 202 6. Certain
statements in this news release, referred to herein as “forward-looking statements”, constitute
“forward-looking statements” within the meaning of the United States Private Securities Litigation
Reform Act of 1995 and “forward-looking information” under the provisions of Canadian provincial
securities laws. These statements can be identified by the use of words such as “may”, “will” or
similar terms.
Forward-looking statements in this news release include, without limitation, statements relating
to Agnico Eagle's acquisition or disposition of securities of Maple in the future.
Forward-looking statements are necessarily based upon a number of factors and assumptions
that, while considered reasonable by Agnico Eagle as of the date of such statements, are
inherently subject to significant business, economic and competitive uncertainties and
contingencies. Many factors, known and unknown, could cause actual results to be materially
different from those expressed or implied by s uch forward -looking statements. Readers are
cautioned not to place undue reliance on these forward-looking statements, which speak only as
of the date made. Other than as required by law, Agnico Eagle does not intend, and does not
assume any obligation, to update these forward-looking statements.