Agnico Eagle reported its second quarter 2013 results in July 2013. Q2 gold production was 224,089 ounces at total cash costs of $785 per ounce, in line with expectations. Financial results were impacted by lower commodity prices, a maintenance shutdown at the Kittila mine, and concentrate settlement adjustments. The company announced significant capital and cost reductions of approximately $50 million in 2013 and $200 million in 2014 while maintaining production guidance for 2013 to 2015.

1. agnicoeagle.com
Second Quarter 2013 Results
July 2013

2. agnicoeagle.com
FORWARD LOOKING STATEMENTS
The information in this document has been prepared as at July 24, 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. 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. 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
4
1 Expenditures at Kittila have been excluded from calculations in the second quarter of 2013, given that the mine operated only 14 days during the quarter.

5. agnicoeagle.com
INVESTMENT HIGHLIGHTS
Significant reductions in capital and operating costs
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 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
5

6. agnicoeagle.com
OPERATING RESULTS
Second quarter production and operating costs in line with expectations
Q2 2013 Total Operating Margin – $110 M
Gold
91%
Silver
6%
Base
Metals
3%
6
LaRonde
13% Kittila
0%
Lapa
15%
Pinos Altos
43%
Meadowbank
29%
Q2 2013 Revenue by Metal
Q2 2013 YTD 2013
Production Total Cash Cost Production Total Cash Cost
(Gold oz) ($/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.

7. agnicoeagle.com
Q2 2013 FINANCIAL RESULTS
Results impacted by lower commodity prices, Kittila autoclave shut down and
byproduct settlement adjustments
7
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 calculations in the second quarter of 2013, given that the mine operated only 14 days during the quarter.

8. agnicoeagle.com
FINANCIAL POSITION
Balance sheet flexibility maintained
Long-Term Debt Maturities
2017 2020 2022 2024
Notes Outstanding (millions) $115 $360 $225 $100
Coupon 6.13% 6.67% 5.93% 5.02%
8
ALL AMOUNTS ARE IN US$,
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

9. 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)
9

10. 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)
10

11. agnicoeagle.com
OPERATIONS

12. agnicoeagle.com
LARONDE
Cooling plant infrastructure development progressing well
• Additional cooling capacity expected to be
installed in 4Q 2013
• Positive for operating flexibility
and production
• Approximately 60% of ore in Q2 2013 sourced
from deeper mine
• Value of ore per tonne approximately 50%
higher over life mine versus 2012 (assuming
the same metal prices)
P&P GOLD RESERVES (million oz) 4.2
AVERAGE GOLD RESERVE GRADE (g/t) 4.5
Indicated resource (million oz)
(5.4 M tonnes @ 1.88 g/t)
0.3
Inferred resource (million oz)
(11.9 M tonnes @ 3.73 g/t)
1.4
Estimated LOM (years) 14
See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.
$0M
$80M
$160M
$240M
2010 2011 2012
Cash Operating Margin
12

13. agnicoeagle.com
LAPA
Zulapa drilling could have a positive impact on production and grades
• Lower unit costs due to reduced cement
consumption, productivity improvements,
and cost reductions
• Ongoing exploration could extend
the mine life beyond 2016
$0M
$40M
$80M
$120M
2010 2011 2012
Cash Operating Margin
P&P GOLD RESERVES (million oz) 0.4
AVERAGE GOLD RESERVE GRADE (g/t) 6.0
Indicated resource (million oz)
(1.1 M tonnes @ 4.08 g/t)
0.2
Inferred resource (million oz)
(0.9 M tonnes @ 6.69 g/t)
0.2
Estimated LOM (years) 3
13
See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.

14. agnicoeagle.com
KITTILA
Autoclave successfully restarted after extended maintenance
• Normal operations restarted at the end of Q2
• Throughput and recoveries back to steady state
• 750 tpd per day expansion on schedule for
completion in 2H 2015
$0M
$80M
$160M
$240M
2010 2011 2012
Cash Operating Margin
P&P GOLD RESERVES (million oz) 4.8
AVERAGE GOLD RESERVE GRADE (g/t) 4.5
Indicated resource (million oz)
(7.8 M tonnes @ 2.65 g/t)
0.7
Inferred resource (million oz)
(19.0 M tonnes @ 3.88 g/t)
2.4
Estimated LOM (years) 25
14
See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.

15. 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
15
See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.

16. agnicoeagle.com
MEADOWBANK
Production expected to increase further in 2H 2013
• Production expected to be higher in H2 2013
due to higher anticipated grades
• Throughput maintained consistently above
11,000 tpd
• Excellent cost control due to improved
productivity and cost reduction initiatives
P&P GOLD RESERVES (million oz) 2.3
AVERAGE GOLD RESERVE GRADE (g/t) 2.8
Measured & Indicated resource (million oz)
(10.3 M tonnes @ 2.49 g/t)
0.8
Inferred resource (million oz)
(3.6 M tonnes @ 3.81 g/t)
0.4
Estimated LOM (years) 6
$0M
$80M
$160M
$240M
$320M
2010 2011 2012
Cash Operating Margin
16
See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.

17. agnicoeagle.com
DEVELOPMENT

18. 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.
18

19. agnicoeagle.com
GOLDEX
Commercial production expected in Q4 2013
• Expected to produce 15,000 oz, in 2013
• Construction of paste plant and ore pass
systems on target
• Initial focus on the M & E satellite zones –
GEZ remains suspended
• Technical studies are underway on several
other satellite zones with results expected
by year-end
P&P GOLD RESERVES (million oz) 0.35
AVERAGE GOLD RESERVE GRADE (g/t) 1.6
Measured & Indicated gold resource (million oz)
(27.2 M tonnes @ 1.8 g/t)
1.6
Inferred gold resource (million oz)
(34.6 M tonnes @ 1.5 g/t)
1.7
Estimated LOM (years) 4
See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.
19

20. agnicoeagle.com
P&P GOLD RESERVES (million oz) 3.0
AVERAGE GOLD RESERVE GRADE (g/t) 7.0
Indicated gold resource (million oz)
(17.2 M tonnes @ 3.9 g/t)
2.2
Inferred gold resource (million oz)
(14.8 M tonnes @ 6.2 g/t)
2.9
• 2013 project expenditures reduced by $10
million
• 2014 capital expenditures reduced by $80
million to $45 million
– Initial production could still be
achievable in 2018 under new
expenditures schedule
– Program will focus on ramp
development and exploration
drilling
• Updated technical study on track for Q2
2014
• Encouraging results from Tiriganiaq,
Normeg, Pump South, and F Zones
MELIADINE
Project size and scope evaluated under current gold price scenarios
20
See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.

21. 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 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
21
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

22. agnicoeagle.com
APPENDIX

23. 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.
23

24. 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
24

25. 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
25

26. 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.
26

27. 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
27

28. 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.
28agnicoeagle.com

29. 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.
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