0
agnicoeagle.com
Corporate Update
New York
August 2013
agnicoeagle.com
FORWARD LOOKING STATEMENTS
The information in this document has been prepared as at August 23, 2013. Certa...
agnicoeagle.com
NOTES TO INVESTORS
Note Regarding the Use of Non-GAAP Financial Measures
This document presents estimates ...
agnicoeagle.com
AGENDA
• Current gold price environment
• Gold equities – what’s changed
• Why Agnico Eagle
• Second Quart...
agnicoeagle.com
Current Gold Price Environment – Lots of Volatility
• YTD gold has averaged ~ US$1472/oz
• Gold price tumb...
agnicoeagle.com
Gold Price Performance 2001 – 2013
Periodical corrections are not uncommon
6
As of July 19th, 2013
Source:...
agnicoeagle.com
Abnormal COMEX Activity on April 12th, 2013
7
Source: Bloomberg
0
1000
2000
3000
4000
5000
6000
7000
8000
...
agnicoeagle.com
Gold price fundamentals still intact
• Developed countries still running large fiscal deficits – money pri...
agnicoeagle.com
Gold Equities – What’s changed?
• Growth no longer a primary driver
• “Free Cash Flow is King” – drives ca...
agnicoeagle.com
Why Agnico Eagle
• Experienced management team with historical perspective
– CEO Sean Boyd has been with t...
agnicoeagle.com
Why Agnico Eagle
• Solid, achievable production and cost guidance expected
- Anticipated 22% production gr...
agnicoeagle.com
Why Agnico Eagle
• Measured growth through acquisitions
• Historically have grown the business through acq...
agnicoeagle.com
COST EFFECTIVE EXPLORATION REFLECTS SUCCESSFUL M&A STRATEGY
Significant exploration results at acquired pr...
agnicoeagle.com
15-YEAR INDEXED PRICE PERFORMANCE
Outperforming the peers and gold
14
0%
500%
1000%
1500%
6/30/1998 12/17/...
agnicoeagle.com
Second Quarter 2013 Results
agnicoeagle.com
KEY OPERATING HIGHLIGHTS – Q2 2013
• Q2 gold production of 224,089 oz at total cash costs per ounce of $78...
agnicoeagle.com
INVESTMENT HIGHLIGHTS
Significant reductions in capital and operating costs planned
2013
• Approximately $...
agnicoeagle.com
OPERATING RESULTS
Second quarter production and operating costs in line with expectations
Q2 2013 Total Op...
agnicoeagle.com
Q2 2013 FINANCIAL RESULTS
Results impacted by lower commodity prices, Kittila autoclave shut down and
bypr...
agnicoeagle.com
FINANCIAL POSITION
Balance sheet flexibility maintained
Long-Term Debt Maturities
2017 2020 2022 2024
Note...
agnicoeagle.com
MODERATE, ACHIEVABLE PRODUCTION GROWTH
Low political risk, mining-friendly jurisdictions
100,000
300,000
5...
agnicoeagle.com
DISCIPLINED CAPITAL ALLOCATION
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
2008A 2009A 20...
agnicoeagle.com 23
AEM IN MEXICO
agnicoeagle.com
$380 $348
$912
$2,156
$2,858
$5,563
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
2001 2003 2005 2007 2009 ...
agnicoeagle.com
AGNICO EAGLE IN MEXICO
High margin business
 Acquired Pinos Altos in 2006 and Grayd Resources in 2011
 P...
agnicoeagle.com
AGNICO EAGLE IN MEXICO
Solid platform for future growth
 Agnico Eagle is looking to build and expand its ...
agnicoeagle.com
MEXICO – PINOS ALTOS & CRESTON MASCOTA
Steady production and operating cost control at Pinos Altos
• Resta...
agnicoeagle.com
MEXICO – INTERNAL GROWTH OPPORTUNITIES
 Potential to develop other satellite zones at Pinos Altos. Explor...
agnicoeagle.com
LA INDIA
On schedule and budget for commissioning in Q4 2013
• Work advanced on the installation of the AD...
agnicoeagle.com
MEXICO – INTERNAL GROWTH OPPORTUNITIES
 Evaluation of underlying sulfide mineralization at La India – met...
agnicoeagle.com
ADAPTING BUSINESS TO CURRENT GOLD PRICE ENVIRONMENT
Operational review results in significant cost savings...
agnicoeagle.com
APPENDIX
agnicoeagle.com
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,...
agnicoeagle.com
OPERATING METRICS
€40/t
€50/t
€60/t
€70/t
€80/t
€90/t
0tpd
500tpd
1,000tpd
1,500tpd
2,000tpd
2,500tpd
3,00...
agnicoeagle.com
GOLD AND SILVER RESERVES AND RESOURCES
December 31, 2012
Gold
Tonnes
(000’s)
Gold
(g/t)
Gold
(ounces)
(000...
agnicoeagle.com
COPPER, ZINC AND LEAD RESERVES AND RESOURCES
December 31, 2012
See AEM Feb 13, 2013 press release for deta...
agnicoeagle.com
NOTES TO INVESTORS REGARDING THE USE OF RESOURCES
Cautionary Note to Investors Concerning Estimates of Mea...
agnicoeagle.com
NOTES TO INVESTORS REGARDING THE USE OF RESOURCES
A mineral reserve is the economically mineable part of a...
agnicoeagle.com
agnicoeagle.com
Trading Symbol:
AEM on TSX & NYSE
Investor Relations:
416-847-8665
info@agnicoeagle.com
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  1. 1. agnicoeagle.com Corporate Update New York August 2013
  2. 2. agnicoeagle.com FORWARD LOOKING STATEMENTS The information in this document has been prepared as at August 23, 2013. 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, 2012, 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. Alain Blackburn, a Qualified Person and the Company’s Senior Vice-President, Exploration, reviewed the technical information disclosed herein. For a detailed breakdown of the Company’s reserve and resource position see the February 13, 2013 press release on the Company’s website. That press release also lists the Qualified Persons for each project. 2agnicoeagle.com
  3. 3. agnicoeagle.com 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, 2012, 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. 3agnicoeagle.com
  4. 4. agnicoeagle.com AGENDA • Current gold price environment • Gold equities – what’s changed • Why Agnico Eagle • Second Quarter 2013 highlights • “Southern Business” – current focus on Mexico 4
  5. 5. agnicoeagle.com Current Gold Price Environment – Lots of Volatility • YTD gold has averaged ~ US$1472/oz • Gold price tumbled to US$1213 in July 2013 but has since rallied to ~ US$1365/oz • Aggressive selling on the futures exchange (Comex) in April triggered liquidation of gold ETF positions (which appears to have moderated) • US economic sentiment appears more positive, leading to a rotation out of other asset classes (such as gold) into US Equity markets • Conflicting talk by US Federal Reserve about potential reduction of quantitative easing (QE) has only added to gold price volatility 5
  6. 6. agnicoeagle.com Gold Price Performance 2001 – 2013 Periodical corrections are not uncommon 6 As of July 19th, 2013 Source: Bloomberg $0.00 $200.00 $400.00 $600.00 $800.00 $1,000.00 $1,200.00 $1,400.00 $1,600.00 $1,800.00 $2,000.00 5/1/2001 5/1/2002 5/1/2003 5/1/2004 5/1/2005 5/1/2006 5/1/2007 5/1/2008 5/1/2009 5/1/2010 5/1/2011 5/1/2012 5/1/2013 Gold Price 200d MA 2009 - 2010 financial crisis Gold Price (USD) Abnormal sell-off on 04/12/2013
  7. 7. agnicoeagle.com Abnormal COMEX Activity on April 12th, 2013 7 Source: Bloomberg 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 10000 1500 1508 1516 1524 1532 1540 10:00 - 10:01 10:10 - 10:11 10:20 - 10:21 10:30 - 10:31 10:40 - 10:41 10:50 - 10:51 Volume Close Gold Price (USD) Volume Time Time # of Contracts Traded 10am - 11am 88,389 (8,838,900 oz) Intrady Session 341,203 (34,120,300 oz) 1YR Daily Average* 43,565 (4,356,533 oz) 5YR Daily Average* 13,168 (1,316,840 oz) * As of July 25, 2013 Source: Bloomberg
  8. 8. agnicoeagle.com Gold price fundamentals still intact • Developed countries still running large fiscal deficits – money printing still ongoing at an unprecedented rate • Still have negative real interest rates – historically good for gold • Net outflow of 402 tonnes from ETF’s in 2Q13, but counterbalanced by physical investment of 508 tonnes in bars and coins • Physical gold demand remains strong, especially in India and China • 2Q13 was 10th consecutive quarter of Central bank buying (71 tonnes) • New liquidity could create inflationary pressures • Lower gold prices could result in reduced mine supply 8
  9. 9. agnicoeagle.com Gold Equities – What’s changed? • Growth no longer a primary driver • “Free Cash Flow is King” – drives capital spending and dividends • Investors looking for financial discipline • Gold equities competing with other industries for investment dollars 9
  10. 10. agnicoeagle.com Why Agnico Eagle • Experienced management team with historical perspective – CEO Sean Boyd has been with the company for 28 years • Diversified technical expertise – deep UG, open pit, high arctic, and autoclave operations • Mines in stable, low political risk jurisdictions • Balance sheet flexibility • 31 years of consecutive dividend payments 10
  11. 11. agnicoeagle.com Why Agnico Eagle • Solid, achievable production and cost guidance expected - Anticipated 22% production growth 2013-2015 at stable costs, largely driven by LaRonde, La India and Goldex 11 2013 2014E 2015E Midpoint Production Guidance (oz) 990,000 1,120,000 1,207,000 Midpoint Cash Cost Guidance (USD/oz) $760 ~$700 ~$700
  12. 12. agnicoeagle.com Why Agnico Eagle • Measured growth through acquisitions • Historically have grown the business through acquisitions • Portfolio of recent equity investments could provide future growth – 9.94% equity interest in Probe Mines Limited – 8.48% equity holding in ATAC Resources Ltd – 9.96% equity interest in Sulliden Gold Corporation – 9.96% equity interest in Kootenay Silver Inc. 12
  13. 13. agnicoeagle.com COST EFFECTIVE EXPLORATION REFLECTS SUCCESSFUL M&A STRATEGY Significant exploration results at acquired properties 0 3,000 6,000 9,000 Kittila'05 Kittila'12 Pinos Altos'06 Pinos Altos'12 Meadow bank'07 Meadow bank'12 Meliadine '10 Meliadine '12 LaIndia '11 LaIndia '12 Mined Proven & Probable Measured & Indicated Inferred +1105 koz +5644 koz +3161 koz +3085 koz +1097 koz $54 $43 $173 $121 $186 $18 $27 $48 $26 $10 $0 $50 $100 $150 $200 Kittila Pinos Altos Meadowbank Meliadine La India Purchase Cost per Oz Discovery Cost per Oz Note: The terms “measured resources”, “indicated resources” and “inferred resources” are not recognized under the SEC guidelines. Detailed information can be found in the February 13, 2013 press release. 13
  14. 14. agnicoeagle.com 15-YEAR INDEXED PRICE PERFORMANCE Outperforming the peers and gold 14 0% 500% 1000% 1500% 6/30/1998 12/17/2001 6/03/2005 11/17/2008 5/03/2012 AEM-NYSE XAU Spot Gold Source: FactSet
  15. 15. agnicoeagle.com Second Quarter 2013 Results
  16. 16. agnicoeagle.com KEY OPERATING HIGHLIGHTS – Q2 2013 • Q2 gold production of 224,089 oz at total cash costs per ounce of $785/oz1 – in line with expectations • Financial results impacted by lower commodity prices, maintenance shutdown at Kittila and concentrate settlement adjustments • Quarterly cash flows from operations of $75.3 million ($0.44 per share) • Kittila autoclave now back to steady state levels • Significant capital and cost reductions announced for 2013 and 2014, production guidance maintained for 2013 to 2015 16 1 Expenditures at Kittila have been excluded from calculationsin the second quarter of 2013, given that the mine operated only 14 days during the quarter.
  17. 17. agnicoeagle.com INVESTMENT HIGHLIGHTS Significant reductions in capital and operating costs planned 2013 • Approximately $50 million in immediate capital and cost reductions 2014 • Approximately $200 million in capital cost reductions • Exploration budget of approximately $50 million (compared to recent historical levels of ~$100 million) Production to increase in the 2H 2013 due to multiple catalysts: Expectations: – Normal production at Kittila – Better grades at Meadowbank – Start up production at Goldex – Continued grade improvement at LaRonde 17
  18. 18. agnicoeagle.com OPERATING RESULTS Second quarter production and operating costs in line with expectations Q2 2013 Total Operating Margin – $110 M Gold 91% Silver 6% Base Metals 3% 18 LaRonde 13% Kittila 0% Lapa 15% Pinos Altos 43% Meadowbank 29% Q2 2013 Revenue by Metal Q2 2013 YTD 2013 Production Total Cash Cost Production Total Cash Cost (Gold oz) ($/oz) (Gold oz) ($/oz) LaRonde 46,119 $927 85,192 $831 Kittila 5,389 N/A 48,534 $6241 Lapa 23,178 $720 50,046 $699 Pinos Altos2 57,530 $496 103,601 $411 Meadowbank 91,873 $912 173,691 $986 Total 224,089 $785 461,064 $762 1. Kittila total cash cost excludes results from Q2, 2013 due to shutdown 2. Pinos Altos figures include Creston Mascota.
  19. 19. agnicoeagle.com Q2 2013 FINANCIAL RESULTS Results impacted by lower commodity prices, Kittila autoclave shut down and byproduct settlement adjustments 19 All amounts are in US$, Q2 2013 Q2 2012 YTD 2013 YTD 2012 unless otherwise indicated Revenues (millions) $336 $460 $757 $932 Earnings (millions) ($24) $43 ($1) $122 Earnings per share (basic) ($0.14) $0.25 ($0.00) $0.71 Cash provided by operating activities (millions) $75 $194 $221 $391 Payable Production Gold (ounces) 224,089 265,350 461,064 520,305 Silver (ounces in thousands) 1,066 1,095 2,317 2,310 Zinc (tonnes) 3,455 9,558 11,694 22,536 Copper (tonnes) 1,280 1,004 2,362 2,330 Total cash costs1 (gold, $/oz) $785 $660 $762 $628 1 Expenditures at Kittila have been excluded from calculationsin the second quarter of 2013, given that the mine operated only 14 days during the quarter.
  20. 20. agnicoeagle.com FINANCIAL POSITION Balance sheet flexibility maintained Long-Term Debt Maturities 2017 2020 2022 2024 Notes Outstanding (millions) $115 $360 $225 $100 Coupon 6.13% 6.67% 5.93% 5.02% 20 ALL AMOUNTS ARE IN US$, unless otherwise indicated Jun. 30, 2013 CASH AND CASH EQUIVALENTS (millions) $136 LONG TERM DEBT (millions) $850 AVAILABLE CREDIT FACILITIES $1.15 Billion COMMON SHARES OUTSTANDING, BASIC (Q2’13 Weighted average, millions) 172.6 COMMON SHARES OUTSTANDING, FULLY DILUTED (Q2’13 Weighted average, millions) 172.6
  21. 21. agnicoeagle.com MODERATE, ACHIEVABLE PRODUCTION GROWTH Low political risk, mining-friendly jurisdictions 100,000 300,000 500,000 700,000 900,000 1,100,000 1,300,000 2008A 2009A 2010A 2011A 2012A 2013E 2014E 2015E Actual Estimate Payable Gold Production Profile (oz) 21
  22. 22. agnicoeagle.com DISCIPLINED CAPITAL ALLOCATION $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 2008A 2009A 2010A 2011A 2012A 2013E 2014E Actual Estimate Capital Expenditures (US$ 000’s) 22
  23. 23. agnicoeagle.com 23 AEM IN MEXICO
  24. 24. agnicoeagle.com $380 $348 $912 $2,156 $2,858 $5,563 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 2001 2003 2005 2007 2009 2011 MEXICO World class mining jurisdiction  Agnico Eagle has established a successful operating platform at Pinos Altos with organic growth and exploration opportunities at Pinos Altos and La India  Skilled workforce, excellent mineral potential, and well established mining history  Transparent permitting process, stable business environment 24 Capital Investment in Mexican Mining Industry (US$M) Source: Camimex Annual Report 2011, Nat’l Institute of Statistics and Geography (Mexico) 0 300 600 900 Others Mexico San Luis Potosi Guerrero Durango Zacatecas Chihuahua Sonora 2011 Gold Production by State (koz)
  25. 25. agnicoeagle.com AGNICO EAGLE IN MEXICO High margin business  Acquired Pinos Altos in 2006 and Grayd Resources in 2011  Pinos Altos was the 3rd largest gold mine in Mexico in 2012, producing approximately 234,000 ounces of gold  Total AEM Mexico investment more than $550M and growing  1100 Employees with annual payroll of approximately $20 Million 25
  26. 26. agnicoeagle.com AGNICO EAGLE IN MEXICO Solid platform for future growth  Agnico Eagle is looking to build and expand its business in Mexico and Latin America. Recent 2013 transactions include:  Acquisition of Urastar Gold Corp. – ongoing land consolidation in Sonora State, Mexico  A 9.96% equity interest in Kootenay Silver Inc., which is advancing the Promontorio Ag-Au-Pb-Zn project in Mexico  A 9.96% equity interest in Sulliden Gold Corporation Ltd., which is developing the Shahuindo gold project in Peru 26
  27. 27. agnicoeagle.com MEXICO – PINOS ALTOS & CRESTON MASCOTA Steady production and operating cost control at Pinos Altos • Restart of leaching at Creston Mascota progressing well, production expected to increase during the remainder of 2013 • Shaft construction at Pinos Altos in Q2: • Preparation of the headframe foundation • Construction of the hoist building • Galloway assembly P&P GOLD RESERVES (million oz) 2.7 AVERAGE GOLD RESERVE GRADE (g/t) 2.2 Indicated resource (million oz) (17.9 M tonnes @ 1.52 g/t) 0.9 Inferred resource (million oz) (24.6 M tonnes @ 1.19 g/t) 0.9 Estimated LOM (years) 17 $0M $80M $160M $240M $320M 2010 2011 2012 Cash Operating Margin 27 See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.
  28. 28. agnicoeagle.com MEXICO – INTERNAL GROWTH OPPORTUNITIES  Potential to develop other satellite zones at Pinos Altos. Exploration activities are underway at Cerro Colorado and Reyna de Plata. 28
  29. 29. agnicoeagle.com LA INDIA On schedule and budget for commissioning in Q4 2013 • Work advanced on the installation of the ADR plant, crushing system, and leach pads • Power generators installed and operational • Estimated annual gold production of approx. 90 koz @ average total cash costs of approx. $500/oz • Open pit, heap leach mine, with stripping ratio of 1:1 PROBABLE GOLD RESERVES (million oz) 0.8 AVERAGE GOLD RESERVE GRADE (g/t) 0.7 Indicated gold resource (million oz) (43.2 M tonnes @ 0.4 g/t) 0.6 Inferred gold resource (million oz) (81 M tonnes @ 0.4 g/t) 1.0 Estimated LOM (years) 8 See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources. 29
  30. 30. agnicoeagle.com MEXICO – INTERNAL GROWTH OPPORTUNITIES  Evaluation of underlying sulfide mineralization at La India – metallurgical results expected by year end  Drill testing of other regional targets at La India  Potential starter pit at Tarachi – further drilling and metallurgical work pending 30
  31. 31. agnicoeagle.com ADAPTING BUSINESS TO CURRENT GOLD PRICE ENVIRONMENT Operational review results in significant cost savings going forward • AEM continues to be among industry leaders in per share reserves, production and dividends • Meaningful near-term production growth expected to be driven by LaRonde, La India and Goldex, with manageable capex • Solid, achievable production and cost guidance • 22% production growth expected in 2013–2015 at stable costs • Business generating strong cash flows in regions of low political risk • Allocated to dividends, exploration and investing in strategic assets 31 0% 500% 1000% 1500% 6/30/1998 12/17/2001 6/03/2005 11/17/2008 5/03/2012 AEM-NYSE XAU Spot Gold Source: FactSet 15-Year Indexed Price Performance
  32. 32. agnicoeagle.com APPENDIX
  33. 33. agnicoeagle.com OPERATING METRICS $0/t $20/t $40/t $60/t $80/t $100/t $120/t $140/t 4,000tpd 4,500tpd 5,000tpd 5,500tpd 6,000tpd 6,500tpd 7,000tpd 7,500tpd Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 LaRonde - Ore milled ('000 tonnes) LaRonde - Minesite costs per tonne (C$) $50/t $70/t $90/t $110/t $130/t $150/t $170/t 1,400tpd 1,450tpd 1,500tpd 1,550tpd 1,600tpd 1,650tpd 1,700tpd 1,750tpd 1,800tpd 1,850tpd 1,900tpd Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Lapa - Ore milled ('000 tonnes) Lapa - Minesite costs per tonne (C$) Lapa LaRonde 33
  34. 34. agnicoeagle.com OPERATING METRICS €40/t €50/t €60/t €70/t €80/t €90/t 0tpd 500tpd 1,000tpd 1,500tpd 2,000tpd 2,500tpd 3,000tpd 3,500tpd 4,000tpd Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 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 $140/t 0tpd 2,000tpd 4,000tpd 6,000tpd 8,000tpd 10,000tpd 12,000tpd Q111 Q211 Q311 Q411 Q112 Q212 Q312 Q412 Q113 Q213 Meadowbank - Ore milled ('000 tonnes) Meadowbank - Minesite costs per tonne (C$) $0/t $10/t $20/t $30/t $40/t $50/t $60/t 4,000tpd 4,200tpd 4,400tpd 4,600tpd 4,800tpd 5,000tpd 5,200tpd 5,400tpd Q111 Q211 Q311 Q411 Q112 Q212 Q312 Q412 Q113 Q213 Pinos Altos - Ore milled ('000 tonnes) Pinos Altos - Minesite costs per tonne (USD$) Kittila Pinos Altos Meadowbank 34
  35. 35. agnicoeagle.com GOLD AND SILVER RESERVES AND RESOURCES December 31, 2012 Gold Tonnes (000’s) Gold (g/t) Gold (ounces) (000’s) Proven 13,836 3.13 1,394 Probable 170,300 3.16 17,286 Total Reserves 184,136 3.16 18,681 Measured & Indicated 140,995 1.79 8,104 Inferred 199,503 1.90 12,159 Silver Tonnes (000’s) Silver (g/t) Silver (ounces) (000’s) Proven 9,390 47.30 14,281 Probable 57,536 43.93 81,256 Total Reserves 66,926 44.40 95,537 Measured & Indicated 23,379 31.95 24,015 Inferred 36,479 20.66 24,228 See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources. Reserves are not a subset of resources. 35
  36. 36. agnicoeagle.com COPPER, ZINC AND LEAD RESERVES AND RESOURCES December 31, 2012 See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources. Reserves are not a subset of resources. Copper Tonnes (000’s) Copper (%) Copper (tonnes) Proven 6,323 0.30 18,744 Probable 22,462 0.24 53,835 Total Reserves 28,786 0.25 72,580 Indicated 5,432 0.12 6,644 Inferred 11,887 0.25 29,317 Zinc Tonnes (000’s) Zinc (%) Zinc (tonnes) Proven 6,323 1.06 67,211 Probable 22,462 0.68 152,973 Total Reserves 28,786 0.76 220,184 Indicated 5,432 1.50 81,551 Inferred 11,887 0.58 69,048 Lead Tonnes (000’s) Lead (%) Lead (tonnes) Proven 6,323 0.12 7,738 Probable 22,462 0.05 10,304 Total Reserves 28,786 0.06 18,042 Indicated 5,432 0.15 8,071 Inferred 11,887 0.05 5,375 36
  37. 37. agnicoeagle.com 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 at the Lapa, Meadowbank and Creston Mascota mines and the Goldex and Meliadine projects reported by the Company on February 13, 2013 are based on three-year average prices for the period ending December 31, 2012 of $1,490 per ounce gold, $29.00 per ounce silver, $0.95 per pound zinc, $3.67 per pound copper, $1.00 per pound lead and C$/US$, US$/Euro and MXP/US$ exchange rates of 1.00, 1.34 and 12.75, respectively. The assumptions used for the mineral reserves and resources estimates at the LaRonde, Pinos Altos and Kittila mines and the La India and Tarachi projects reported by the Company on February 13, 2013 were based on three-year average prices for the period ending June 30, 2012 of $1,345 per ounce gold, $25.00 per ounce silver, $0.95 per pound zinc, $3.49 per pound copper, $0.99 per pound lead and C$/US$, US$/Euro and MXP/US$ exchange rates of 1.00, 1.30 and 13.00, 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. 37agnicoeagle.com
  38. 38. agnicoeagle.com 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 press release is December 31, 2012. 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 the Technical Reports referred to above, which may be found at www.sedar.com. Other important operating information can be found in the Company’s Form 20-F and this news release dated February 13, 2013. Alain Blackburn, a Qualified Person and the Company’s Senior Vice-President, Exploration, reviewed the technical information disclosed herein. 38agnicoeagle.com
  39. 39. agnicoeagle.com agnicoeagle.com Trading Symbol: AEM on TSX & NYSE Investor Relations: 416-847-8665 info@agnicoeagle.com
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