Agnico Eagle's acquisition of Yamana's Canadian assets expected to close soon

Following Agnico Eagle Mining's offer to acquire Yamana Gold, the process is nearing completion. According to the latest press release issued by Agnico Eagle, "The pending acquisition of the Canadian assets of Yamana Gold (Yamana Transaction) is expected to close in March 2023, subject to regulatory approvals."

Through this process, Agnico Eagle Mining will own 100% of the Canadian Malartic mine, 100% of the Wasamac underground mining project and several other properties in Canada. The company is no stranger to Abitibi-Témiscamingue where it has been operating for over 50 years.

You can consult the official press release in English on this link :

https://s21.q4cdn.com/374334112/files/doc_news/news_documents/2023/2022-Q4_AEM-Results-2023.02.16-FINAL.pdf

The statements in the press release regarding the Wasamac project are as follows: in 2023, Agnico Eagle plans to analyze the technical work carried out to date, to further evaluate the exploration potential and to evaluate the concept of processing Wasamac ore at the Canadian Malartic mine plant. This concept would have the potential to reduce the project's footprint on the land and the environment, and would also reduce capital costs. The technical evaluation of Wasamac should be completed by the end of 2023. The permitting schedule for the project will be reassessed in this process. As these assessments progress, we will follow up through our usual communication channels and at upcoming public meetings. At this time, there is no new field work planned and the announced bulk sampling of the deposit may be delayed.

The Community Relations office remains open as usual and the Community Relations team remains available to answer your questions, comments or concerns. You can reach us by email at wasamac@yamana.com, by phone at 1-833-510-0330 or at our community relations office at 14 rue d'Évain.