Your SlideShare is downloading. ×
0
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Q4 2012 and full year results
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Q4 2012 and full year results

30,493

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
30,493
On Slideshare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. AGNICO-EAGLE MINES LIMITEDFourth Quarter and Full Year2012 ResultsFebruary 2013
  • 2. Forward Looking StatementsThe information in this document has been prepared as at Feb 14, 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 forwardlooking 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 statementsor 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 futureinternal rates of return, mining costs, cash costs, minesite costs and other expenses; estimates of future capital expenditures and othercash needs, and expectations as to the funding thereof; statements and information as to the projected development of certain oredeposits, including estimates of exploration, development and production and other capital costs, and estimates of the timing of suchexploration, development and production or decisions with respect to such exploration, development and production; estimates ofreserves and resources, and statements and information regarding anticipated future exploration; the anticipated timing of events withrespect to the Companys mine sites and statements and information regarding the sufficiency of the Companys cash resources. Suchstatements and information reflect the Companys views as at the date of this document and are subject to certain risks, uncertaintiesand assumptions, and undue reliance should not be placed on such statements and information. Many factors, known and unknowncould cause the actual results to be materially different from those expressed or implied by such forward looking statements andinformation. Such risks include, but are not limited to: the volatility of prices of gold and other metals; uncertainty of mineralreserves, mineral resources, mineral grades and mineral recovery estimates; uncertainty of future production, capital expenditures, andother costs; currency fluctuations; financing of additional capital requirements; cost of exploration and development programs; miningrisks; community protests; risks associated with foreign operations; governmental and environmental regulation; the volatility of theCompanys stock price; and risks associated with the Companys byproduct metal derivative strategies. For a more detailed discussionof such risks and other factors that may affect the Company’s ability to achieve the expectations set forth in the forward-lookingstatements contained in this document, see the Companys Annual Report on Form 20-F for the year ended December 31, 2011, as wellas the Companys other filings with the Canadian Securities Administrators and the U.S. Securities and Exchange Commission. TheCompany does not intend, and does not assume any obligation, to update these forward-looking statements and information. AlainBlackburn, a Qualified Person and the Company’s Senior Vice-President, Exploration, reviewed the technical information disclosedherein. For a detailed breakdown of the Company’s reserve and resource position see the February 13, 2013 press release on theCompany’s website. That press release also lists the Qualified Persons for each project. 2
  • 3. Notes To InvestorsNote Regarding The Use Of Non-GAAP Financial MeasuresThis document presents estimates of future "total cash cost per ounce" and "minesite cost per tonne" that are not recognized measuresunder United States generally accepted accounting principles ("US GAAP"). This data may not be comparable to data presented byother gold producers. These future estimates are based upon the total cash costs per ounce and minesite costs per tonne that theCompany expects to incur to mine gold at the applicable projects and do not include production costs attributable to accretion expenseand other asset retirement costs, which will vary over time as each project is developed and mined. It is therefore not practicable toreconcile these forward-looking non-GAAP financial measures to the most comparable GAAP measure. A reconciliation of theCompanys total cash cost per ounce and minesite cost per tonne to the most comparable financial measures calculated and presentedin accordance with US GAAP for the Companys historical results of operations is set forth in the notes to the financial statementsincluded in the Companys Annual Information Form and Annual Report on Form 20-F, for the year ended December 31, 2011, as wellas the Companys other filings with the Canadian Securities Administrators and the SEC.Note Regarding Production GuidanceThe gold production guidance is based on the Company’s mineral reserves but includes contingencies and assumes metal prices andforeign exchange rates that are different from those used in the reserve estimates. These factors and others mean that the goldproduction guidance presented in this disclosure does not reconcile exactly with the production models used to support these mineralreserves. 3
  • 4. Key 2012 Highlights Record annual gold production of 1,043,811 oz at a total cash cost of $640/oz  Strong performance at all mines, especially Meadowbank and Pinos Altos Record annual cash flows from operations of $696 million ($4.06 per share) Goldex and La India projects proceeding well  Both projects expected to provide production growth in Q2 2014 Kittila expansion approved – should add to 2015 production profile Annualized dividend up 10% to $0.88 per share – 31 consecutive years of dividends 4
  • 5. 2012 Operating Results Record production and over $1 Billion in gross mine profit 2012 Production Total Cash Cost Operating Margin (Gold oz) ($/oz) ($, 000’s) LaRonde 160,875 $569 $173,596 Kittila 175,878 $565 $186,392 Lapa 106,191 $697 $100,377 Pinos Altos1 234,837 $286 $297,722 Meadowbank 366,030 $913 $261,915 Total 1,043,811 $640 $1,020,002 2012 Revenue By Metal 2012 Total Operating Margin - $1,020M Pinos Altos 29% Base Metals Gold 3% 89% Meadowbank Kittila 26% Silver 18% 8% Lapa Laronde 10% 17%1. Pinos Altos figures include Creston Mascota 5
  • 6. 2012 Financial Results Strong earnings and record cash flow from operationsAll amounts are in US$, Q4 Q4 Full Year Full Yearunless otherwise indicated 2012 2011 2012 2011Revenues (millions) $449.4 $455.5 $1,917.7 $1,821.8Earnings (millions) $82.8 ($601.4) $310.9 ($569.0)Earnings per share (basic) $0.48 ($3.53) $1.82 ($3.36)Cash provided by operating $106.0 $132.0 $696.0 $667.2activities (millions)Payable ProductionGold (ounces) 236,535 227,792 1,043,811 985,460Silver (ounces in thousands) 1,196 1,311 4,646 5,080Zinc (tonnes) 8,722 12,591 38,637 54,894Copper (tonnes) 814 1,002 4,126 3,216Total cash costs ($/oz) $769 $671 $640 $580 6
  • 7. Financial PositionExpect to generate free cash flow in 2013ALL AMOUNTS ARE IN US$,unless otherwise indicated Dec. 31, 2012CASH AND CASH EQUIVALENTS (millions) $332LONG TERM DEBT (millions) $830AVAILABLE CREDIT FACILITIES $1.2 BillionCOMMON SHARES OUTSTANDING, BASIC (Q4’12 Weighted average, millions) 171.8COMMON SHARES OUTSTANDING, FULLY DILUTED (Q4’12 Weighted average, millions) 173.4 7
  • 8. Estimated Payable Gold Production (2013 – 2015) 2013 Estimates 2014 2015 Estimated Estimated Estimated Mid Point Total Cash Mid Point Mid Point (Gold oz) Cost ($/oz) (Gold oz) (Gold oz)Meadowbank 360,000 985 367,000 350,000LaRonde 177,000 650 215,000 250,000Kittila 165,000 660 165,000 160,000Lapa 97,000 840 96,000 65,000Pinos Altos1 159,000 300 136,000 161,000Creston Mascota 32,000 300 52,000 55,000La India 40,000 81,000Goldex 49,000 85,000Total 990,000 725 1,120,000 1,207,000 Estimated Byproduct Production – 2013 Ag Production Zn Production Cu Production 000’s oz (tonnes) (tonnes) LaRonde 2,100 23,000 4,900 Pinos Altos1 2,150 - - Creston Mascota 50 - - Total 4,300 23,000 4,900 8
  • 9. Moderate, Achievable Production GrowthLow political risk, mining-friendly jurisdictionsPayable Gold Production Profile (oz)1,300,0001,100,000 900,000 700,000 500,000 300,000 100,000 2008A 2009A 2010A 2011A 2012A 2013E 2014E 2015E Actual Estimate 9
  • 10. Generating Net Free Cash Flow Well positioned to fund growth plans and dividends Capital Expenditures (US$ 000s) $1,200,000 Approximate Average EBITDA* $1,000,000 $800,000 $600,000 Illustrative Ongoing $400,000 Re-Investment $200,000 $0 2008A 2009A 2010A 2011A 2012A 2013E 2014 2015 Actual Estimate* 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/€ 10
  • 11. Operations
  • 12. LaRonde Ramp up at lower mine continues  Additional cooling capacity expected to P&P GOLD RESERVES (million oz) 4.2 be installed in 4Q 2013  Positive for operating flexibility and AVERAGE GOLD RESERVE GRADE (g/t) 4.5 production Indicated resource (million oz) 0.3  2012 gold grade 2.4g/t vs. reserves (5.4 M tonnes @ 1.88 g/t) grade of 4.5g/t. Expected to increase Inferred resource (million oz) 1.4 (11.9 M tonnes @ 3.73 g/t) going forward  Value of ore per tonne approximately Estimated LOM (years) 14 50% higher over life mine versus 2012 2013 exploration budget $2M (LaRonde & regional) See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.$240M Cash Operating Margin$160M$80M $0M 2010 2011 2012 12
  • 13. Lapa A steady performer in 2012  2012 gold production of 106koz P&P GOLD RESERVES (million oz) 0.4  Optimization led to increased mill AVERAGE GOLD RESERVE GRADE (g/t) 6.0 throughput on a year over year basis Indicated resource (million oz)  Ongoing exploration could extend the (1.1 M tonnes @ 4.08 g/t) 0.2 mine life beyond 2016. Inferred resource (million oz) (0.9 M tonnes @ 6.69 g/t) 0.2 Est. LOM (years) 3 2013 exploration budget $3M$120M See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources. Cash Operating Margin$80M$40M $0M 2010 2011 2012 13
  • 14. Kittila Record annual production and mill recoveries Record 2012 production of 176koz P&P GOLD RESERVES (million oz) 4.8 Record 2012 cash operating profit of $186M AVERAGE GOLD RESERVE GRADE (g/t) 4.5 750tpd mill expansion approved to 3,750 tpd Indicated resource (million oz) 0.7 (7.8 M tonnes @ 2.65 g/t)  Expected to improve unit costs and partially Inferred resource (million oz) (19.0 M tonnes @ 3.88 g/t) 2.4 offset a grade decline over medium term Estimated LOM (years) 26  Total capital cost of $103 million to be spread 2013 exploration budget $7M over three years ($25 million in 2013) See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.$240M Cash Operating Margin$160M$80M $0M 2010 2011 2012 14
  • 15. Mexico - Pinos Altos & Creston Mascota Largest contributor to operating margin - $298M in 2012  Record annual production of 235koz in 2012 P&P GOLD RESERVES (million oz) 2.7  3-yr guidance improved due to strong AVERAGE GOLD RESERVE GRADE (g/t) 2.2 operating performance in 2012 and higher mill throughput Indicated resource (million oz) 0.9 (17.9 M tonnes @ 1.52 g/t)  Production from Phase 2 of Creston Inferred resource (million oz) 0.9 (24.6 M tonnes @ 1.19 g/t) Mascota heap leach expected to begin in 2Q 2013 and ramp up through year-end Estimated LOM (years) 16 2013 exploration budget $9M See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.$320M Cash Operating Margin$240M$160M$80M $0M 2010 2011 2012 15
  • 16. Meadowbank Record performance in 2012  Record production of 366koz of gold in 2012 P&P GOLD RESERVES (million oz) 2.3  Improved operating efficiencies AVERAGE GOLD RESERVE GRADE (g/t) 2.8  Higher sustained throughput – 11,000 tpd Measured & Indicated resource (million oz) (10.3 M tonnes @ 2.49 g/t) 0.8  Better equipment availability Inferred resource (million oz)  Improved dilution (3.6 M tonnes @ 3.81 g/t) 0.4  2012 reserve growth (at higher grades) could have a positive impact on the mine life Est. LOM (years) 6 2013 Exploration Budget $4M See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.$320M Cash Operating Margin$240M$160M$80M $0M 2010 2011 2012 16
  • 17. Sound Business Continues To Deliver No change in strategy or focus AEM is among industry leaders in per share reserves, production, cash flows and dividends Meaningful near-term production growth driven by LaRonde, La India and Goldex, with manageable, fully funded capex Solid, achievable production and cost guidance  22% production growth 2013-2015 at stable costs Expecting growth in reserves through exploration of existing assets Business generating strong cash flows in regions of low political risk  Allocated to dividends, exploration and reinvesting in our core assets 17
  • 18. Appendix 18
  • 19. Operating Metrics LaRonde - Ore milled (000 tonnes) LaRonde LaRonde - Minesite costs per tonne (C$)7,500tpd $140/t7,000tpd $120/t6,500tpd $100/t6,000tpd $80/t5,500tpd $60/t5,000tpd $40/t4,500tpd $20/t4,000tpd $0/t Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Lapa - Ore milled (000 tonnes) Lapa Lapa - Minesite costs per tonne (C$) 2,000tpd $170/t 1,800tpd $150/t 1,600tpd 1,400tpd $130/t 1,200tpd 1,000tpd $110/t 800tpd $90/t 600tpd 400tpd $70/t 200tpd 0tpd $50/t Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 19
  • 20. Operating Metrics Kittila - Ore milled(000 tonnes) Kittila Kittila - Minesite costs per tonne (EUR)3,500tpd €85/t3,000tpd €80/t €75/t2,500tpd €70/t2,000tpd €65/t1,500tpd €60/t €55/t1,000tpd €50/t 500tpd €45/t 0tpd €40/t Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Pinos Altos Meadowbank5,100tpd $40/t 12,000tpd $140/t5,000tpd $35/t 10,000tpd $120/t4,900tpd $30/t4,800tpd $100/t 8,000tpd4,700tpd $25/t $80/t4,600tpd $20/t 6,000tpd $60/t4,500tpd $15/t 4,000tpd4,400tpd $40/t $10/t4,300tpd 2,000tpd $20/t4,200tpd $5/t4,100tpd $0/t 0tpd $0/t Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Pinos Altos - Ore milled (000 tonnes) Meadowbank - Ore milled (000 tonnes) Pinos Altos - Minesite costs per tonne (USD$) Meadowbank - Minesite costs per tonne (C$) 20
  • 21. Gold and Silver Reserves and Resources December 31, 2012 Tonnes Gold Gold Tonnes Silver SilverGold (000’s) (g/t) (ounces) Silver (000’s) (g/t) (ounces) (000’s) (000’s)Proven 13,836 3.13 1,394 Proven 9,390 47.30 14,281Probable 170,300 3.16 17,286 Probable 57,536 43.93 81,256Total Total 184,136 3.16 18,681 66,926 44.40 95,537Reserves ReservesMeasured & Measured & 140,995 1.79 8,104 23,379 31.95 24,015Indicated IndicatedInferred 199,503 1.90 12,159 Inferred 36,479 20.66 24,228See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources. Reserves are not a subset of resources.
  • 22. Copper, Zinc and Lead Reserves and Resources December 31, 2012 Tonnes Copper Copper Tonnes Zinc Zinc Tonnes Lead Lead Copper Zinc Lead (000’s) (%) (tonnes) (000’s) (%) (tonnes) (000’s) (%) (tonnes) Proven 6,323 0.30 18,744 Proven 6,323 1.06 67,211 Proven 6,323 0.12 7,738 Probable 22,462 0.24 53,835 Probable 22,462 0.68 152,973 Probable 22,462 0.05 10,304 Total Total Total 28,786 0.25 72,580 28,786 0.76 220,184 28,786 0.06 18,042 Reserves Reserves Reserves Indicated 5,432 0.12 6,644 Indicated 5,432 1.50 81,551 Indicated 5,432 0.15 8,071 Inferred 11,887 0.25 29,317 Inferred 11,887 0.58 69,048 Inferred 11,887 0.05 5,375See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources. Reserves are not a subset of resources 22
  • 23. Notes to Investors Regarding the Use of ResourcesCautionary Note to Investors Concerning Estimates of Measured and Indicated ResourcesThis document uses the terms "measured resources" and "indicated resources". We advise investors that while those terms are recognized and requiredby Canadian regulations, the SEC does not recognize them. Investors are cautioned not to assume that any part or all of mineral deposits in thesecategories will ever be converted into reserves.Cautionary Note to Investors Concerning Estimates of Inferred ResourcesThis document also uses the term "inferred resources". We advise investors that while this term is recognized and required by Canadian regulations, theSEC does not recognize it. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic andlegal 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 toassume that part or all of an inferred resource exists, or is economically or legally mineable.Scientific and Technical DataAgnico-Eagle Mines Limited is reporting mineral resource and reserve estimates in accordance with the CIM guidelines for the estimation, classification andreporting 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 acompany 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 areurged 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 SECIndustry Guide 7. Industry Guide 7 requires the use of prices that reflect current economic conditions at the time of reserve determination, which the Staffof the SEC has interpreted to mean historic three-year average prices. The assumptions used for the mineral reserves and resources estimates at theLapa, Meadowbank and Creston Mascota mines and the Goldex and Meliadine projects reported by the Company on February 13, 2013 are based onthree-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 perpound 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 usedfor the mineral reserves and resources estimates at the LaRonde, Pinos Altos and Kittila mines and the La India and Tarachi projects reported by theCompany 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 ouncesilver, $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 thesubcategories of “proven” reserves, “probable” reserves, “measured” resources, “indicated” resources and “inferred” resources. Mineral resources that arenot mineral reserves do not have demonstrated economic viability. 23
  • 24. Notes to Investors Regarding the Use of ResourcesA 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 ofreporting, that economic extraction can be justified. A mineral reserve includes diluting materials and allows for losses that may occur when the material ismined. 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 byat 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 andprecious 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 geologicalevidence and knowledge. A measured mineral resource is that part of a mineral resource for which quantity, grade or quality, densities, shape and physicalcharacteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economicparameters, to support production planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliableexploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drillholes that are spaced closely enough to confirm both geological and grade continuity. An indicated mineral resource is that part of a mineral resource forwhich quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriateapplication of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is basedon 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 thatpart of a mineral resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling andreasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered throughappropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. Mineral resources which are not mineral reserves do nothave 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 appropriatelydetailed assessments of realistically assumed mining, processing, metallurgical, economic, marketing, legal, environmental, social and governmentalconsiderations together with any other relevant operational factors and detailed financial analysis, that are necessary to demonstrate at the time ofreporting that extraction is reasonably justified (economically mineable). The results of the study may reasonably serve as the basis for a final decision by aproponent 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 aPre-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 informationabout 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 TechnicalReports 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 andthis 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. 24
  • 25. A solid financial position, well-funded growth projects in regions of low political risk,and a focused, consistent strategy put Agnico-Eagle in a strong position to continuecreating exceptional per share value.Sean Boyd Executive and Registered Office:President and 145 King Street East, Suite 400Chief Executive Officer Toronto, Ontario, Canada, M5C 2Y7David Smith Tel: 416-947-1212SVP Finance and Chief Financial Officer Toll-Free: 888-822-6714 Fax: 416-367-4681Trading Symbol:AEM on TSX & NYSEInvestor Relations:416-847-8665info@agnico-eagle.comagnico-eagle.com

×