aem corporate update presentation

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AGNICO-EAGLE MINES LIMITED First Quarter 2012 Results April 2012

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Page 1: AEM Corporate Update Presentation

AGNICO-EAGLE MINES LIMITED

First Quarter 2012 Results April 2012

Page 2: AEM Corporate Update Presentation

Forward Looking Statements

2

The information in this document has been prepared as at April 27, 2012. Certain statements contained in this document 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. When used in this document, the words “anticipate”, “expect”, “estimate”, “forecast”, “will”, “planned”, and similar expressions are intended to identify forward-looking statements or information.

Such statements include without limitation: statements regarding timing and amounts of capital expenditures and other assumptions; estimates of future reserves, resources, mineral production, optimization efforts and sales; estimates of mine life; estimates of future internal rates of return, mining costs, cash costs, minesite costs and other expenses; estimates of future capital expenditures and other cash needs, and expectations as to the funding thereof; statements and information as to the projected development of certain ore deposits, including estimates of exploration, development and production and other capital costs, and estimates of the timing of such exploration, development and production or decisions with respect to such exploration, development and production; estimates of reserves and resources, and statements and information regarding anticipated future exploration; the anticipated timing of events with respect to the Company's mine sites and statements and information regarding the sufficiency of the Company's cash resources. Such statements and information reflect the Company's views as at the date of this document and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements and information. Many factors, known and unknown could cause the actual results to be materially different from those expressed or implied by such forward looking statements and information. Such risks include, but are not limited to: the volatility of prices of gold and other metals; uncertainty of mineral reserves, mineral resources, mineral grades and mineral recovery estimates; uncertainty of future production, capital expenditures, and other costs; currency fluctuations; financing of additional capital requirements; cost of exploration and development programs; mining risks; community protests; risks associated with foreign operations; governmental and environmental regulation; the volatility of the Company's stock price; and risks associated with the Company's byproduct metal derivative strategies. For a more detailed discussion of such risks and other factors that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements contained in this document, see the Company's Annual Report on Form 20-F for the year ended December 31, 2011, as well as the Company's other filings with the Canadian Securities Administrators and the U.S. Securities and Exchange Commission. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information. Marc Legault, a Qualified Person and the Company’s Senior Vice-President, Project Evaluations, reviewed the technical information disclosed herein. For a detailed breakdown of the Company’s reserve and resource position see the February 15, 2012 press release on the Company’s website. That press release also lists the Qualified Persons for each project.

Page 3: AEM Corporate Update Presentation

Notes To Investors

Note Regarding The Use Of Non-GAAP Financial Measures This document presents estimates of future "total cash cost per ounce" and "minesite cost per tonne" that are not recognized measures under United States generally accepted accounting principles ("US GAAP"). This data may not be comparable to data presented by other gold producers. These future estimates are based upon the total cash costs per ounce and minesite costs per tonne that the Company expects to incur to mine gold at the applicable projects and do not include production costs attributable to accretion expense and other asset retirement costs, which will vary over time as each project is developed and mined. It is therefore not practicable to reconcile these forward-looking non-GAAP financial measures to the most comparable GAAP measure. A reconciliation of the Company's total cash cost per ounce and minesite cost per tonne to the most comparable financial measures calculated and presented in accordance with US GAAP for the Company's historical results of operations is set forth in the notes to the financial statements included in the Company's Annual Information Form and Annual Report on Form 20-F, for the year ended December 31, 2011, as well as the Company's other filings with the Canadian Securities Administrators and the SEC. Note Regarding Production Guidance The gold production guidance is based on the Company’s mineral reserves but includes contingencies and assumes metal prices and foreign exchange rates that are different from those used in the reserve estimates. These factors and others mean that the gold production guidance presented in this disclosure does not reconcile exactly with the production models used to support these mineral reserves.

3

Page 4: AEM Corporate Update Presentation

AEM Positioning Strong Cash Generation With Measured, Focused Growth and Attractive Dividend Yield

Portfolio of quality, long-life mines that are performing well

Measured production growth from existing assets

Execution risk has declined significantly

Exploration upside and reserve growth expected from existing assets

Several 100%-owned, large, open orebodies

Political risk profile expected to remain low

Strong cash flow funds dividend, exploration, capital reinvestment programs and enhances financial position

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Page 5: AEM Corporate Update Presentation

Q1 2012 Operating Highlights

Record quarterly gold production from currently operating mines – 254,955 oz

19% y/y production growth from currently operating mines

Record gold production at Kittila – 46,758 oz

Record gold production from Mexico – 57,016 oz

Record throughput at Meadowbank – 9,748 tpd

Solid cash flow and earnings generation

Cash provided by operating activities of $196M

Dividend yield >2%

5

Page 6: AEM Corporate Update Presentation

Operating Results Record production from currently operating mines

Q1 2012 Q1 2011 2012 Forecast Production

(Gold oz) Total Cash Cost ($/oz)

Production (Gold oz)

Total Cash Cost ($/oz)

Production (Gold koz)

Total Cash Cost2 ($/oz)

LaRonde 43,281 216 36,893 (12) 150 – 165 570

Kittila 46,758 565 40,317 687 150 – 160 650

Lapa 28,499 664 26,914 630 95 – 105 750

Pinos Altos1 57,016 278 48,001 312 200 – 210 415

Meadowbank 79,401 1,020 61,737 943 280 – 310 1,040

Goldex - - 38,500 431

Total 254,955 594 252,362 531 875 – 950 720

1. Pinos Altos figures include Creston Mascota 2. 2012 assumptions include Ag $30/oz, Cu $7,000/tonne, Zn $1,800/tonne, C$/US$ 1.00, US$/Euro 1.35 6

Q1 2012 Q1 2011

Gold (000’s oz) 255 252

Silver (000’s oz) 1,215 1,099

Zinc (t) 12,978 11,941

Copper (t) 1,326 817

Total cash costs ($/oz) $594 $531

Gold 86%

Silver 9%

Base Metals 5%

Q1 2012 Revenue By Metal

Page 7: AEM Corporate Update Presentation

Financial Results Strong earnings and cash flow

7

Q1 2012 Q1 2011 Y/Y Change

Gold (ounces in thousands)

255 252 1%

Revenues from mining operations (millions)

$473 $412 15%

Net income (millions)

$79 $45 74%

Net income per share (basic)

$0.46 $0.27 70%

Cash provided by operating activities (millions)

$196 $175 12%

*All $ amounts are in US$

Page 8: AEM Corporate Update Presentation

Generating Higher Mine Profits Long life, quality mines performing well

8 *All $ amounts are in US$

Laronde 24% Lapa

11%

Kittila 19%

Pinos Altos 27%

Meadowbank 19%

Q1 2012 Total Operating Margin - $258M

Laronde 23%

Lapa 9%

Kittila 13%

Pinos Altos 22%

Meadowbank 14%

Goldex 19%

Q1 2011 Total Operating Margin - $214M

Operating margin increased 21% y/y with one less operating mine

Strong, balanced contribution from all mines

Two mines with cash costs less than $300/oz – LaRonde, Pinos Altos

Page 9: AEM Corporate Update Presentation

Financial Position Net free cash flow expected to enhance balance sheet strength

9

ALL AMOUNTS ARE IN US$, unless otherwise indicated

Mar. 31, 2012

CASH AND CASH EQUIVALENTS (millions) $199

LONG TERM DEBT (millions) $830

AVAILABLE CREDIT FACILITIES (millions) $970

COMMON SHARES OUTSTANDING, BASIC (Weighted average, millions) 170.8

COMMON SHARES OUTSTANDING, FULLY DILUTED (Weighted average, millions) 171.0

Page 10: AEM Corporate Update Presentation

Generating Net Free Cash Flow Allows us to fund dividend and growth plans

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

2007A 2008A 2009A 2010A 2011A 2012E 2013 2014

Actual Estimate

Approximate Average EBITDA*

* Approximate average EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) estimate for illustrative purposes using $1700/oz gold, $32/oz silver, $2000/t zinc, C$/US$ 1.00, 1.35USD/€

Capital Expenditures (USD $000's)

Illustrative Ongoing Re-Investment

10

Page 11: AEM Corporate Update Presentation

AEM Among Industry Leaders Returning capital to shareholders – 30 consecutive years of dividends

Annualized Dividends per Share

11

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

$1.40

$1.60

NEM AEM ABX GG IAG KGC

2009201020112012E

One Of The Highest Dividends Per Share In The Industry

Page 12: AEM Corporate Update Presentation

Four Cornerstone Assets Production, reserves, free cash flow expected to grow from existing mines

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LARONDE KITTILA MEXICO MELIADINE

Page 13: AEM Corporate Update Presentation

LaRonde Gold production expected to increase

Q1 gold production of 43,281 oz at total cash costs of $216 per ounce

Higher gold grades expected to drive gold production growth and profits

Value of ore per tonne approximately 50% higher over life of mine versus 2011 at same metals prices

13

P&P GOLD RESERVES (million oz) 4.7

AVERAGE GOLD RESERVE GRADE (g/t) 4.4

Indicated resource (million oz) 0.4

Inferred resource (million oz) 1.3

Estimated LOM (years) 15

2012 exploration budget (LaRonde & regional) $1M

See AEM Feb 15, 2012 press release for detailed breakdown of reserves and resources.

Page 14: AEM Corporate Update Presentation

Kittila Large long-life gold deposit continues to grow

Record production and recovery in Q1 of 46,758 oz and 88.5%, respectively

Higher grades in 2012 expected to result in higher gold production at lower costs

Initial 25% expansion study expected in late 2012

Good exploration results at Rimpi suggest potential for larger expansion

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2007 – 2008

2006

2009 – 2010 2011

2012 Focus Area

P&P GOLD RESERVES (million oz) 5.2

AVERAGE GOLD RESERVE GRADE (g/t) 4.7

Indicated resource (million oz) 1.0

Inferred resource (million oz) 1.2

Estimated LOM (years) 32

2012 exploration budget $16M

See AEM Feb 15, 2012 press release for detailed breakdown of reserves and resources.

Page 15: AEM Corporate Update Presentation

Mexico Record production in Q1; Largest cash flow generator

Record production in Q1 of 57,016 oz at total cash costs per ounce of $278

Underground expansion underway. Expected to offset lower grades in later years

La India may add to production profile in 2014

Exploration potential at Tarachi and satellite zones

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P&P GOLD RESERVES (million oz) 3.1

AVERAGE GOLD RESERVE GRADE (g/t) 2.3

Indicated resource (million oz) 0.8

Inferred resource (million oz) 0.9

Estimated LOM (years) 18

2012 exploration budget $15M

See AEM Feb 15, 2012 press release for detailed breakdown of reserves and resources.

Page 16: AEM Corporate Update Presentation

Meliadine Growing gold reserve and resource on 80 km trend

Permitting and road construction underway

Examining production scenarios from open pits and underground

Updated feasibility study expected in late 2013

Drilling has expanded gold contained in reserves and resources by approximately 40% in 1.5 years

Potential to accelerate underground development to test deposit at depth

16

Wolf

Pump F Zone

Tiriganiaq

Wesmeg

Discovery

P&P GOLD RESERVES (million oz) 2.9

AVERAGE GOLD RESERVE GRADE (g/t) 7.2

Indicated resource (million oz) 1.7

Inferred resource (million oz) 2.4

2012 exploration budget $30M

See AEM Feb 15, 2012 press release for detailed breakdown of reserves and resources.

Page 17: AEM Corporate Update Presentation

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Page 18: AEM Corporate Update Presentation

Meadowbank Strong net free cash flow generator

Record mill throughput of 9,748 tpd in Q1

Q1 gold production of 79,401 oz at total cash costs per ounce of $1,020

Optimized mine plan expected to be lower risk

36% fewer tonnes moved over life of mine

more conservative estimates for gold grade

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P&P GOLD RESERVES (million oz) 2.2

AVERAGE GOLD RESERVE GRADE (g/t) 2.8

Indicated resource (million oz) 1.3

Inferred resource (million oz) 0.5

Est. LOM (years) 6

2012 exploration budget $7M

See AEM Feb 15, 2012 press release for detailed breakdown of reserves and resources.

Page 19: AEM Corporate Update Presentation

Lapa Good tonnage and cost control

Strong Q1 gold production of 28,499 oz at total cash costs per ounce of $664

Anticipated life of mine extended through 2015

Extending underground exploration drift to east

Will provide access to drill targets that could extend mine life

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P&P GOLD RESERVES (million oz) 0.5

AVERAGE GOLD RESERVE GRADE (g/t) 6.5

Indicated resource (million oz) 0.3

Inferred resource (million oz) 0.1

Est. LOM (years) 4

2012 exploration budget $3M

See AEM Feb 15, 2012 press release for detailed breakdown of reserves and resources.

Page 20: AEM Corporate Update Presentation

Goldex - Action Plan Focused on monitoring, investigation, remediation and exploration

Mine operations suspended October 2011

Grouting and remediation programs in progress

Assessment program includes rock and soil monitoring

Exploration program focused on potential of satellite mineralized zones

Update expected mid-year 2012

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Page 21: AEM Corporate Update Presentation

Business Is Positioned To Deliver Moving Forward No change in strategy or focus

AEM is among industry leaders in per share production, reserves, cash flows and dividends

24% production growth anticipated through 2014 from existing mines, with manageable, fully funded capex

Solid, achievable production and cost guidance

Expecting growth in reserves through exploration of existing assets

Business generating strong cash flows in regions of low political risk

Allocated to dividends, exploration and reinvesting in our core assets

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Page 22: AEM Corporate Update Presentation

Appendix

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Page 23: AEM Corporate Update Presentation

Operating Metrics

$0/t

$20/t

$40/t

$60/t

$80/t

$100/t

$120/t

$140/t

4,000tpd

4,500tpd

5,000tpd

5,500tpd

6,000tpd

6,500tpd

7,000tpd

7,500tpd

8,000tpd

Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12

LaRonde - Ore milled ('000 tonnes) LaRonde - Minesite costs per tonne (C$)

$50/t

$70/t

$90/t

$110/t

$130/t

$150/t

$170/t

0tpd

200tpd

400tpd

600tpd

800tpd

1,000tpd

1,200tpd

1,400tpd

1,600tpd

1,800tpd

2,000tpd

Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12

Lapa - Ore milled ('000 tonnes)

Lapa - Minesite costs per tonne (C$)Lapa

LaRonde

23

Page 24: AEM Corporate Update Presentation

Operating Metrics

€40/t €45/t €50/t €55/t €60/t €65/t €70/t €75/t €80/t €85/t €90/t

0tpd

500tpd

1,000tpd

1,500tpd

2,000tpd

2,500tpd

3,000tpd

3,500tpd

Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12

Kittila - Ore milled('000 tonnes) Kittila - Minesite costs per tonne (EUR)

$0/t

$20/t

$40/t

$60/t

$80/t

$100/t

$120/t

$140/t

$160/t

$180/t

0tpd

2,000tpd

4,000tpd

6,000tpd

8,000tpd

10,000tpd

12,000tpd

Q1

10

Q2

10

Q3

10

Q4

10

Q1

11

Q2

11

Q3

11

Q4

11

Q1

12

Meadowbank - Ore milled ('000 tonnes) Meadowbank - Minesite costs per tonne (C$)

Pinos Altos Meadowbank

Kittila

24

$0/t

$10/t

$20/t

$30/t

$40/t

$50/t

$60/t

0tpd

1,000tpd

2,000tpd

3,000tpd

4,000tpd

5,000tpd

6,000tpd

Q1

10

Q2

10

Q3

10

Q4

10

Q1

11

Q2

11

Q3

11

Q4

11

Q1

12

Pinos Altos - Ore milled ('000 tonnes) Pinos Altos - Minesite costs per tonne (USD$)

Page 25: AEM Corporate Update Presentation

Gold and Silver Reserves and Resources December 31, 2011

Gold Tonnes (000’s)

Gold (g/t)

Gold (ounces)

(000’s)

Proven 11,029 2.80 994

Probable 146,057 3.78 17,757

Total Reserves 157,086 3.71 18,750

Measured & Indicated 168,336 1.78 9,633

Inferred 131,216 2.30 9,712

Silver Tonnes (000’s)

Silver (g/t)

Silver (ounces)

(000’s)

Proven 7,318 45.35 10,670

Probable 72,693 45.06 105,319

Total Reserves 80,011 45.09 115,989

Measured & Indicated 27,801 27.24 24,344

Inferred 34,513 19.00 21,082

See AEM Feb 15, 2012 press release for detailed breakdown of reserves and resources. Reserves are not a subset of resources.

Page 26: AEM Corporate Update Presentation

Copper, Zinc and Lead Reserves and Resources December 31, 2011

Copper Tonnes (000’s)

Copper (%)

Copper (tonnes)

Proven 5,331 0.28 15,025

Probable 27,901 0.27 76,160

Total Reserves 33,232 0.27 91,184

Indicated 7,225 0.12 8,629

Inferred 11,400 0.26 29,664

Zinc Tonnes (000’s)

Zinc (%)

Zinc (tonnes)

Proven 5,331 2.04 108,626

Probable 27,901 0.77 215,522

Total Reserves 33,232 0.98 324,149

Indicated 7,225 1.49 107,338

Inferred 11,400 0.44 49,745

Lead Tonnes (000’s)

Lead (%)

Lead (tonnes)

Proven 5,331 0.23 12,391

Probable 27,901 0.05 13,441

Total Reserves 33,232 0.08 25,832

Indicated 7,225 0.15 11,127

Inferred 11,400 0.05 5,138

26 See AEM Feb 15, 2012 press release for detailed breakdown of reserves and resources. Reserves are not a subset of resources

Page 27: AEM Corporate Update Presentation

Notes to Investors Regarding the Use of Resources

Cautionary Note to Investors Concerning Estimates of Measured and Indicated Resources This document uses the terms "measured resources" and "indicated resources". We advise investors that while those terms are recognized and required by Canadian regulations, the SEC does not recognize them. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. Cautionary Note to Investors Concerning Estimates of Inferred Resources This document also uses the term "inferred resources". We advise investors that while this term is recognized and required by Canadian regulations, the SEC does not recognize it. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable. Scientific and Technical Data Agnico-Eagle Mines Limited is reporting mineral resource and reserve estimates in accordance with the CIM guidelines for the estimation, classification and reporting of resources and reserves. Cautionary Note To U.S. Investors - The SEC permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Agnico-Eagle uses certain terms in this press release, such as “measured”, “indicated”, and “inferred”, and “resources” that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 20-F, which may be obtained from us, or from the SEC’s website at: http://sec.gov/edgar.shtml. A “final” or “bankable” feasibility study is required to meet the requirements to designate reserves under Industry Guide 7. Estimates for all properties were calculated using historic three-year average metals prices and foreign exchange rates in accordance with the SEC Industry Guide 7. Industry Guide 7 requires the use of prices that reflect current economic conditions at the time of reserve determination, which the Staff of the SEC has interpreted to mean historic three-year average prices. The assumptions used for the mineral reserves and resources estimates reported by the Company on February 15, 2012 were based on three-year average prices for the period ending December 31, 2011 of $1,255 per ounce gold, $23.00 per ounce silver, $0.91 per pound zinc, $3.25 per pound copper, $0.95 per pound lead and C$/US$, US$/Euro and MXP/US$ exchange rates of 1.05, 1.37 and 12.86, respectively. The Canadian Securities Administrators’ National Instrument 43-101 (“NI 43-101”) requires mining companies to disclose reserves and resources using the subcategories of “proven” reserves, “probable” reserves, “measured” resources, “indicated” resources and “inferred” resources. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

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Page 28: AEM Corporate Update Presentation

Notes to Investors Regarding the Use of Resources A mineral reserve is the economically mineable part of a measured or indicated mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified. A mineral reserve includes diluting materials and allows for losses that may occur when the material is mined. A proven mineral reserve is the economically mineable part of a measured mineral resource demonstrated by at least a preliminary feasibility study. A probable mineral reserve is the economically mineable part of an indicated, and in some circumstances, a measured mineral resource demonstrated by at least a preliminary feasibility study. A mineral resource is a concentration or occurrence of natural, solid, inorganic material, or natural solid fossilized organic material including base and precious metals in or on the Earth’s crust in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction. The location, quantity, grade, geological characteristics and continuity of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge. A measured mineral resource is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters, to support production planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough to confirm both geological and grade continuity. An indicated mineral resource is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed. An inferred mineral resource is that part of a mineral resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. Mineral resources which are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable. A Feasibility Study is a comprehensive technical and economic study of the selected development option for a mineral project that includes appropriately detailed assessments of realistically assumed mining, processing, metallurgical, economic, marketing, legal, environmental, social and governmental considerations together with any other relevant operational factors and detailed financial analysis, that are necessary to demonstrate at the time of reporting that extraction is reasonably justified (economically mineable). The results of the study may reasonably serve as the basis for a final decision by a proponent or financial institution to proceed with, or finance, the development of the project. The confidence level of the study will be higher than that of a Pre-Feasibility Study. The effective date for all of the Company’s mineral resource and reserve estimates in this document is December 31, 2011. Additional information about each of the mineral projects that is required by NI 43-101, sections 3.2 and 3.3 and paragraphs 3.4 (a), (c) and (d) can be found in Technical Reports, which may be found at www.sedar.com. Other important operating information can be found in the Company’s Form 20-F and its news release dated February 15, 2012. Marc Legault, a Qualified Person and the Company’s Senior Vice-President, Project Evaluations, reviewed the technical information disclosed herein.

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Page 29: AEM Corporate Update Presentation

A solid financial position, low-cost structure, well-funded growth projects in regions of low political risk, and a focused, consistent strategy put Agnico-Eagle in a strong position to continue creating exceptional per share value.

Sean Boyd President and Chief Executive Officer

Ammar Al-Joundi SVP Finance and Chief Financial Officer

David Smith SVP, Strategic Planning & Investor Relations

Trading Symbol: AEM on TSX & NYSE

Investor Relations: 416-947-1212 [email protected]

Executive and Registered Office: 145 King Street East, Suite 400 Toronto, Ontario, Canada, M5C 2Y7 Tel: 416-947-1212 Toll-Free: 888-822-6714 Fax: 416-367-4681

agnico-eagle.com