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AGNICO-EAGLE MINES LIMITED



Fourth Quarter and Full Year
2012 Results
February 2013
Forward Looking Statements

The 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 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. 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.




                                                                                                                                                 2
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
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
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
2012 Financial Results
 Strong earnings and record cash flow from operations


All amounts are in US$,            Q4         Q4    Full Year    Full Year
unless otherwise indicated       2012       2011         2012         2011
Revenues (millions)             $449.4    $455.5     $1,917.7    $1,821.8
Earnings (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     $667.2
activities (millions)

Payable Production

Gold (ounces)                  236,535   227,792    1,043,811     985,460

Silver (ounces in thousands)     1,196     1,311         4,646      5,080

Zinc (tonnes)                    8,722    12,591        38,637     54,894

Copper (tonnes)                   814      1,002         4,126      3,216

Total cash costs ($/oz)          $769       $671         $640        $580




                                                                             6
Financial Position
Expect to generate free cash flow in 2013


ALL AMOUNTS ARE IN US$,
unless otherwise indicated                                                    Dec. 31, 2012


CASH AND CASH EQUIVALENTS (millions)                                                  $332



LONG TERM DEBT (millions)                                                             $830



AVAILABLE CREDIT FACILITIES                                                     $1.2 Billion



COMMON SHARES OUTSTANDING, BASIC (Q4’12 Weighted average, millions)                  171.8



COMMON SHARES OUTSTANDING, FULLY DILUTED (Q4’12 Weighted average, millions)          173.4




                                                                                               7
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          350,000
LaRonde                            177,000             650              215,000          250,000
Kittila                            165,000             660              165,000          160,000
Lapa                                97,000             840               96,000           65,000
Pinos Altos1                       159,000             300              136,000          161,000
Creston Mascota                     32,000             300               52,000           55,000
La India                                                                 40,000           81,000
Goldex                                                                   49,000           85,000
Total                              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
Moderate, Achievable Production Growth
Low political risk, mining-friendly jurisdictions


Payable Gold Production Profile (oz)


1,300,000


1,100,000


  900,000


  700,000


  500,000


  300,000


  100,000
             2008A      2009A          2010A   2011A   2012A   2013E    2014E     2015E


                                   Actual                              Estimate




                                                                                          9
Generating Net Free Cash Flow
          Well positioned to fund growth plans and dividends


           Capital Expenditures (US$ 000's)


            $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
Operations
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
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
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
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
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
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
Appendix




           18
Operating Metrics
                                                                   LaRonde - Ore milled ('000 tonnes)
            LaRonde                                                LaRonde - Minesite costs per tonne (C$)
7,500tpd                                                                                                      $140/t
7,000tpd                                                                                                      $120/t
6,500tpd                                                                                                      $100/t
6,000tpd                                                                                                      $80/t
5,500tpd                                                                                                      $60/t
5,000tpd                                                                                                      $40/t
4,500tpd                                                                                                      $20/t
4,000tpd                                                                                                      $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
Operating Metrics
                                                                                                                                     Kittila - Ore milled('000 tonnes)
           Kittila                                                                                                                   Kittila - Minesite costs per tonne (EUR)
3,500tpd                                                                                                                                                                                          €85/t

3,000tpd                                                                                                                                                                                          €80/t
                                                                                                                                                                                                  €75/t
2,500tpd
                                                                                                                                                                                                  €70/t
2,000tpd                                                                                                                                                                                          €65/t
1,500tpd                                                                                                                                                                                          €60/t
                                                                                                                                                                                                  €55/t
1,000tpd
                                                                                                                                                                                                  €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                                                                                             Meadowbank
5,100tpd                                                                                    $40/t    12,000tpd                                                                                    $140/t
5,000tpd                                                                                    $35/t
                                                                                                     10,000tpd                                                                                    $120/t
4,900tpd
                                                                                            $30/t
4,800tpd                                                                                                                                                                                          $100/t
                                                                                                      8,000tpd
4,700tpd                                                                                    $25/t
                                                                                                                                                                                                  $80/t
4,600tpd                                                                                    $20/t     6,000tpd
                                                                                                                                                                                                  $60/t
4,500tpd                                                                                    $15/t
                                                                                                      4,000tpd
4,400tpd                                                                                                                                                                                          $40/t
                                                                                            $10/t
4,300tpd
                                                                                                      2,000tpd                                                                                    $20/t
4,200tpd                                                                                    $5/t

4,100tpd                                                                                    $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
Gold and Silver Reserves and Resources
 December 31, 2012


                                   Tonnes            Gold                         Gold                                         Tonnes     Silver       Silver
Gold                                (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     14,281




Probable                          170,300             3.16                     17,286                Probable                   57,536    43.93     81,256




Total                                                                                                Total
                                  184,136             3.16                     18,681                                           66,926    44.40     95,537
Reserves                                                                                             Reserves



Measured &                                                                                           Measured &
                                  140,995             1.79                       8,104                                          23,379    31.95     24,015
Indicated                                                                                            Indicated




Inferred                          199,503             1.90                     12,159                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.
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   5,375




See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources. Reserves are not a subset of resources
                                                                                                                                                                     22
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.
                                                                                                                                                                   23
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.



                                                                                                                                                                  24
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 continue
creating exceptional per share value.

Sean Boyd                                 Executive and Registered Office:
President and                             145 King Street East, Suite 400
Chief Executive Officer                   Toronto, Ontario, Canada, M5C 2Y7
David Smith                               Tel:                416-947-1212
SVP Finance and Chief Financial Officer   Toll-Free:          888-822-6714
                                          Fax:                416-367-4681
Trading Symbol:
AEM on TSX & NYSE
Investor Relations:
416-847-8665
info@agnico-eagle.com




agnico-eagle.com

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Q4 2012 and full year results

  • 1. AGNICO-EAGLE MINES LIMITED Fourth Quarter and Full Year 2012 Results February 2013
  • 2. Forward Looking Statements The 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 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. 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. 2
  • 3. 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
  • 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 - $1,020M Pinos Altos 29% Base Metals Gold 3% 89% Meadowbank Kittila 26% Silver 18% 8% Lapa Laronde 10% 17% 1. Pinos Altos figures include Creston Mascota 5
  • 6. 2012 Financial Results Strong earnings and record cash flow from operations All amounts are in US$, Q4 Q4 Full Year Full Year unless otherwise indicated 2012 2011 2012 2011 Revenues (millions) $449.4 $455.5 $1,917.7 $1,821.8 Earnings (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 $667.2 activities (millions) Payable Production Gold (ounces) 236,535 227,792 1,043,811 985,460 Silver (ounces in thousands) 1,196 1,311 4,646 5,080 Zinc (tonnes) 8,722 12,591 38,637 54,894 Copper (tonnes) 814 1,002 4,126 3,216 Total cash costs ($/oz) $769 $671 $640 $580 6
  • 7. Financial Position Expect to generate free cash flow in 2013 ALL AMOUNTS ARE IN US$, unless otherwise indicated Dec. 31, 2012 CASH AND CASH EQUIVALENTS (millions) $332 LONG TERM DEBT (millions) $830 AVAILABLE CREDIT FACILITIES $1.2 Billion COMMON SHARES OUTSTANDING, BASIC (Q4’12 Weighted average, millions) 171.8 COMMON SHARES OUTSTANDING, FULLY DILUTED (Q4’12 Weighted average, millions) 173.4 7
  • 8. Estimated Payable Gold Production (2013 – 2015) 2013 Estimates 2014 2015 Estimated Estimated Estimated Mid Point Total Cash Mid Point Mid Point (Gold oz) Cost ($/oz) (Gold oz) (Gold oz) Meadowbank 360,000 985 367,000 350,000 LaRonde 177,000 650 215,000 250,000 Kittila 165,000 660 165,000 160,000 Lapa 97,000 840 96,000 65,000 Pinos Altos1 159,000 300 136,000 161,000 Creston Mascota 32,000 300 52,000 55,000 La India 40,000 81,000 Goldex 49,000 85,000 Total 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 Growth Low political risk, mining-friendly jurisdictions Payable Gold Production Profile (oz) 1,300,000 1,100,000 900,000 700,000 500,000 300,000 100,000 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$ 000's) $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
  • 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/t 7,000tpd $120/t 6,500tpd $100/t 6,000tpd $80/t 5,500tpd $60/t 5,000tpd $40/t 4,500tpd $20/t 4,000tpd $0/t Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Lapa - Ore milled ('000 tonnes) Lapa Lapa - Minesite costs per tonne (C$) 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/t 3,000tpd €80/t €75/t 2,500tpd €70/t 2,000tpd €65/t 1,500tpd €60/t €55/t 1,000tpd €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 Meadowbank 5,100tpd $40/t 12,000tpd $140/t 5,000tpd $35/t 10,000tpd $120/t 4,900tpd $30/t 4,800tpd $100/t 8,000tpd 4,700tpd $25/t $80/t 4,600tpd $20/t 6,000tpd $60/t 4,500tpd $15/t 4,000tpd 4,400tpd $40/t $10/t 4,300tpd 2,000tpd $20/t 4,200tpd $5/t 4,100tpd $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 Silver Gold (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 14,281 Probable 170,300 3.16 17,286 Probable 57,536 43.93 81,256 Total Total 184,136 3.16 18,681 66,926 44.40 95,537 Reserves Reserves Measured & Measured & 140,995 1.79 8,104 23,379 31.95 24,015 Indicated Indicated Inferred 199,503 1.90 12,159 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.
  • 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 5,375 See 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 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. 23
  • 24. 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. 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 continue creating exceptional per share value. Sean Boyd Executive and Registered Office: President and 145 King Street East, Suite 400 Chief Executive Officer Toronto, Ontario, Canada, M5C 2Y7 David Smith Tel: 416-947-1212 SVP Finance and Chief Financial Officer Toll-Free: 888-822-6714 Fax: 416-367-4681 Trading Symbol: AEM on TSX & NYSE Investor Relations: 416-847-8665 info@agnico-eagle.com agnico-eagle.com