Agnico-Eagle Reports Fourth Quarter and Full Year 2012 REsults; Record Annual Production and Operating Cash Flows; Provides

Agnico-Eagle Reports Fourth Quarter and Full Year 2012 REsults; Record Annual
 Production and Operating Cash Flows; Provides Three Year Production Guidance
                       and Reserve and Resource Update

PR Newswire

TORONTO, Feb. 13, 2013

(All amounts expressed in U.S. dollars unless otherwise noted)

AEM (NYSE and TSX)

TORONTO, Feb. 13, 2013 /PRNewswire/ - Agnico-Eagle Mines Limited
("Agnico-Eagle" or the "Company") (NYSE: AEM) (TSX: AEM) today reported a
quarterly profit of $82.8 million, or $0.48 per share for the fourth quarter
of 2012. This result includes a $16.5 million ($0.10 per share) gain on the
sale of Queenston Mining Inc. shares and a non-cash foreign currency
translation gain of $4.5 million ($0.03 per share). These items were partly
offset by stock option expense of $7.1 million ($0.04 per share) and a $1.1
million ($0.01 per share) partial write-down of the Creston Mascota heap leach
pad. Excluding these items wssould result in normalized net income of $69.9
million ($0.41 per share) for the fourth quarter of 2012. In the fourth
quarter of 2011, the Company reported net quarterly loss of $601.4 million
(loss of $3.53 per share).

Fourth quarter 2012 cash provided  by operating activities was $106.0  million 
($175.0 million before  changes in  non-cash components  of working  capital), 
down from cash   provided  by operating activities  of $132.0  million in  the 
fourth quarter of 2011 ($179.2  million before changes in non-cash  components 
of working  capital), primarily  due to  larger increases  in working  capital 
related to inventory and accounts payable in 2012.

"Congratulations are due to all of  our employees as our safety and  operating 
performance company-wide was excellent during 2012. Targets were met, and  in 
many cases, exceeded", said Sean Boyd, President and Chief Executive Officer.
"In 2013,  we  anticipate  continuing  our  solid  execution  at  the  current 
operations and advancing construction on our three near-term growth  projects, 
La India, Goldex and the LaRonde  Extension. The new projects, combined  with 
the forecast of higher grades at LaRonde  are expected to result in growth  of 
approximately 20%  in  our  gold  production from  2013  to  2015.  The  gold 
production growth  is expected  to result  in improvements  in the  unit  cost 
profile through 2015 as well." added Mr. Boyd.

Fourth quarter and full year 2012 highlights include:

  *Record annual gold production - record full year gold production of
    1,043,811 ounces at total cash costs^1 of $640 per ounce for the year,
    compared to guidance of 1,025,000 ounces at $660 per ounce
  *Record annual operating cash flows - cash provided by operating activities
    up year over year, to $696 million, or $4.06 per share
  *Goldex and La India construction according to plan - both projects
    expected to provide meaningful production growth in 2014
  *Quarterly dividend up 10% to $0.22 per share - Company has now declared a
    dividend for 31 consecutive years
  *Gold reserves, net of production, maintained at 18.7 million ounces at
    year end 2012 - inferred resources grow significantly at Kittila and
    Meliadine
  *Kittila expansion approved - expected to add to production profile in the
    second half of 2015

Agnico-Eagle is pleased to announce that  its Board of Directors has  approved 
the payment of a quarterly cash dividend of $0.22 per common share. The  next 
dividend will be paid on March 15, 2013 to shareholders of record as of  March 
1, 2013. Agnico-Eagle has  now declared a cash  dividend to its  shareholders 
for 31 consecutive years.

For the full year 2012, the Company recorded net income of $310.9 million,  or 
$1.82 per share. In 2011, Agnico-Eagle recorded a net loss of $568.9 million,
or a loss of $3.36 per share  (a $1.2 billion write-down of mining assets  was 
recorded in 2011 following  a re-evaluation of the  mining plan at  Meadowbank 
and the suspension of  production from the GEZ  deposit at Goldex).  Compared 
with the  prior year,  2012 earnings  were positively  impacted by  consistent 
performance at all operating mines and significant year over year  improvement 
at Meadowbank.

For 2012, the Company realized a  record amount of cash provided by  operating 
activities of  $696.0  million  ($737.9 million  before  changes  in  non-cash 
components of working capital).This represents  an increase over 2011,  when 
cash provided by operating activities  totaled $667.2 million ($705.1  million 
before changes in non-cash components  of working capital). The increase  was 
primarily due  to significant  improvement in  cash flow  generation from  the 
Meadowbank mine, as well as continued strong performance at Pinos Altos.  The 
overall improvement was  in spite of  significantly lower by-product  revenues 
and the absence of production from the Goldex mine in 2012.

Payable gold production^2  in the fourth  quarter of 2012  was 236,535  ounces 
compared to  227,792  ounces  in  the fourth  quarter  of  2011.  A  detailed 
description of the production and cost performance by mine may be found in the
respective sections later in this document.

Total cash costs for  the fourth quarter  of 2012 were  $769 per ounce  versus 
$671 per ounce for fourth quarter 2011.  The increase in total cash costs  per 
ounce in the fourth quarter of 2012 is mainly due to higher costs at  LaRonde, 
Meadowbank and the temporary suspension of operations at Creston Mascota.  At 
LaRonde, the ramp up of tonnage from the higher grade, deeper levels continues
to be challenging due  to heat and congestion.  Higher total cash costs  were 
realized at Meadowbank  as the mine  production was from  lower grade ore  (as 
expected) during the quarter. The temporary suspension of the relatively  low 
cost Creston Mascota heap leach operation  in October of 2012 also  negatively 
impacted total cash costs.

The Company's payable  gold production  for the full  year 2012  was a  record 
1,043,811 ounces at total cash costs per ounce of $640. This compares to  the 
full year 2011 level of 985,460 ounces  at total cash costs per ounce of  $580 
(which included  135,478  ounces from  the  low cost  Goldex  mine;  excluding 
Goldex, 2011 total  cash costs from  currently operating mines  were $609  per 
ounce). The significant improvement in gold  production in 2012 was a  result 
of strong operating results from all of the mines. The increase in total  cash 
costs per ounce in  2012 was primarily  due to the  impact of lower  byproduct 
credits at LaRonde, offset only partly  by better cost profiles at  Meadowbank 
and Kittila, when compared to 2011.

_______________________________________________________
^1 Total cash costs per ounce is a non-GAAP measure. For a reconciliation to
production costs, see Note 1 to the financial statements contained herein.
See also "Note Regarding Certain Measures of Performance".
^2 Payable production of a mineral means the quantity of mineral produced
during a period contained in products that are sold by the Company whether
such products are shipped during the period or held as inventory at the end of
the period.

Conference Call Tomorrow

The Company's  senior management  will  host a  conference call  on  Thursday, 
February 14, 2013  at 11:00  AM (E.S.T.)  to discuss  financial and  operating 
results.

Via Webcast:
A live audio webcast of the meeting will be available on the Company's website
homepage at www.agnico-eagle.com.

Via Telephone:
For those  preferring to  listen  by telephone,  please dial  416-644-3414  or 
Toll-free  800-814-4859.   To   ensure  your   participation,   please   call 
approximately five minutes prior to the scheduled start of the call.

Replay archive:
Please dial 416-640-1917 or the Toll-free access number 877-289-8525, passcode
4568952#.
The conference call replay will expire on Friday, March 14, 2013.
The webcast along with presentation slides will  be archived for 180 days   on 
the website.

Cash Position Remains Strong

Cash and cash equivalents  increased to $332.0 million  at December 31,  2012, 
from the September 30,  2012 balance of $320.8  million. The Company drew  on 
its bank facilities in the fourth quarter of 2012 during the normal course  of 
inter-Company fund flows. The $30 million which was drawn was repaid in early
2013.

Capital expenditures  in  the  fourth  quarter of  2012  were  $154.6  million 
including $29.3 million at La India,  $24.0 million at LaRonde, $23.4  million 
at Meadowbank,  $16.2 million  at Kittila,  $13.5 million  at Meliadine,  $9.1 
million at Lapa  and $7.3  million at  Pinos Altos.  For the  full year  2012, 
capital expenditures totaled $448.3 million.

With its  cash balances,  anticipated  cash flows  and available  bank  lines, 
management believes that Agnico-Eagle remains fully funded for the development
and exploration of its current pipeline  of gold projects in Canada,  Finland, 
Mexico and the USA.

Available credit lines as of December 31, 2012 were approximately $1.2 billion
and were entirely undrawn as of the time of writing.

Three Year Plan Outlines Further Production Growth

The Company is announcing its production and cost guidance for the  three-year 
period of 2013 through 2015.

In 2013, payable gold production is expected to be within the range of 970,000
ounces to 1,010,000 ounces. Total cash  costs per ounce in 2013 are  expected 
to be in the range of $700 to $750.

                                                     
Approximate Impact on Total Cash Costs per Ounce 2013
                                                        
$1 / oz change in price of Silver                       $4
$200 / dry metric tonne change in price of Copper       $1
$100 / dry metric tonne change in price of Zinc         $2
1% change in C$/US$                                     $7
1% change in US$/Euro                                   $1
1% change in US$/MXP                                    $1

During 2013,  several  factors are  expected  to  have a  positive  impact  on 
production in the second  half of the year.  At Creston Mascota, stacking  of 
ore has resumed, and the Company expects to resume heap leaching in the second
quarter, with full  production rates likely  to be achieved  by year end.  At 
LaRonde, additional cooling capacity, which is expected to be installed in the
fourth quarter of 2013, is anticipated to have a positive impact on  operating 
flexibility and production at the mine going forward. Furthermore, as LaRonde
ramps up production at the deeper mine, the Company expects its gold grade  to 
improve gradually over the  course of the year.  In addition, gold grades  at 
Meadowbank are expected to trend higher  in the fourth quarter. As a  result, 
the second half of  the year is  likely to make a  larger contribution to  the 
overall 2013 gold production forecast.

In 2014,  Agnico-Eagle  expects to  have  significant production  growth  from 
LaRonde (improving  grades), Goldex  (second quarter  start up)  and La  India 
(second quarter start up). The Company expects payable gold production to  be 
in the range of 1,100,000 ounces to 1,140,000 ounces.

In 2015, further production growth is expected from LaRonde (improving grades)
and Pinos Altos (improving  grades) with payable  gold production expected  to 
exceed 1,200,000 ounces.

                                                                           
                                                            2014        2015
Estimated Payable                   2013 Estimated Estimated Estimated
Gold Production    2012 Actual        Mid Point   Mid Point   Mid Point
                                                                       
Meadowbank                  366,030          360,000     367,000     350,000
LaRonde                     160,875          177,000     215,000     250,000
Kittila                     175,878          165,000     165,000     160,000
Lapa                        106,191           97,000      96,000      65,000
Pinos Altos                 183,662          159,000     136,000     161,000
Creston Mascota              51,175           32,000      52,000      55,000
La India                                                40,000      81,000
Goldex                                                  49,000      85,000
Total Gold Production     1,043,812          990,000   1,120,000   1,207,000
                    

Total cash costs
per ounce        2012 Actual 2013 Estimated
LaRonde                   $569             $650
Lapa                       697              840
Kittila                    565              660
Pinos Altos                285              300
Meadowbank                 913              985
                         $640             $725



For 2014 and  2015, total cash  costs per ounce  are expected to  be near  the 
bottom of the range forecast for 2013, or approximately $700 per ounce.

In an effort to provide more transparency into costs, Agnico-Eagle is
providing guidance with respect to its all-in sustaining costs^3 for 2013.
All-in sustaining costs are defined as:

Cash costs (net of by-product credits) + sustaining capital + corporate,
general and administrative expense (net of stock option expense) + exploration
expenditures.

To  reflect  the  full  cost  of  gold  production  from  current  operations, 
development capital  for new  projects is  not included  in the  calculation. 
All-in sustaining costs for 2013 are  expected to be approximately $1,075  per 
ounce.

In 2014, an updated  feasibility study is expected  to be completed  regarding 
the large  Meliadine project  located in  Nunavut, Canada.  While first  gold 
production is  unlikely before  2018, this  project has  the potential  to  be 
Agnico-Eagle's largest  single gold  producer.  Concurrent with  the  updated 
study, project permitting is currently proceeding on schedule.

_______________________________________________________
^3 All-in Sustaining cost is a non-GAAP measure. The Company's methodology for
calculating all-in sustaining costs was developed independently, and is
subject to change due to a number of factors including the possible adoption
of industry guidelines from the World Gold Council.
^4 Minesite costs per tonne is a non-GAAP measure. For reconciliation of this
measure to production costs, as reported in the financial statements, see Note
1 to the financial statements at the end of this news release.

Improvement In Three Year Gold Production Forecast

Since the prior  three-year production  guidance of February  16, 2012,  there 
have been a number of key operating developments, resulting in an  improvement 
to the overall  rolling three-year  production profile.  Descriptions of  the 
major factors that contributed to these changes are detailed below.

LaRonde          2012          2013       2014       2015
Forecast
As of Feb'12     157,500       220,000    280,000    n.a.
(oz)
Current (oz) 160,875       177,000 215,000 250,000
                 (actual)

LaRonde  Ore         Gold         Silver      Zinc        Copper       Minesite
      Milled      (g/t),       (g/t),      (%),        (%),         
2013 ('000       Mill         Mill        Mill        Mill         Cost
         tonnes) Recovery Recovery Recovery Recovery Per
                                                                       Tonne^4
        2,400       2.5, 92%     33, 83%     1.4, 84%    0.23, 80%    C$96

At LaRonde, challenges associated with heat and congestion in the deeper  part 
of the mine, have effectively delayed the ramp up of production as  previously 
outlined in February  2012. Despite  the delay, overall  gold production  and 
throughput at LaRonde remains unchanged over the life of mine.

Lapa Forecast 2012        2013       2014       2015
As of Feb'12     100,000     100,000 105,000 na
(oz)
Current (oz)     106,191  97,000     96,000     65,000
                 (actual)

Lapa 2013 Ore Milled       Gold (g/t) Mill        Minesite
             ('000 tonnes)               Recovery Cost
                                                        Per Tonne
            615              6.2           79%         C$130

At Lapa, 2013 and 2014 are the last two years of full production based on  the 
current life of mine.  In 2015, production is  expected to exhibit a  decline 
from the current  levels. Additional  exploration results  expected in  2013, 
however, could have  the potential  of extending the  mine life  at Lapa  into 
2016.

Kittila          2012        2013       2014       2015
Forecast
As of Feb'12 155,000   155,000    170,000    na
(oz)
Current (oz)     175,878 165,000 165,000 160,000
                 (actual)

Kittila  Ore Milled Gold (g/t), Mill        Minesite
2013         ('000                        Recovery Cost
             tonnes)                                  Per Tonne
            1,050         5.6            88%         €80

At Kittila, the forecast production profile is essentially unchanged from what
was previously disclosed, but lower than  the 175,878 ounces produced in  2012 
as a result of gold grades that are expected to gradually decline towards  the 
average reserve grade. Minesite costs per tonne in 2013 are anticipated to be
higher than  in 2012  as the  mine is  now processing  ore entirely  from  the 
relatively higher cost underground (the open pits were depleted in the  fourth 
quarter of 2012).

The Company's Board of Directors has approved a 750 tonne per day expansion at
Kittila, with the aim of increasing the throughput at the mine to 3,750 tonnes
per day starting in the second half of 2015. The current guidance for 2015 at
Kittila includes approximately 10,000  ounces resulting from this  expansion. 
Additional details on the expansion can  be found in the capital  expenditures 
section of this news release.

Meadowbank  2012       2013       2014       2015
Forecast
As of Feb'12   295,000    305,000    310,000    na
(oz)
Current (oz)   364,006 360,000 367,000 350,000
               (actual)

Meadowbank  Ore Milled Gold (g/t), Mill        Minesite
2013           ('000                        Recovery Cost
               tonnes)                                  Per Tonne
              4,100         2.9            94%         C$88

At Meadowbank, the new guidance is considerably higher than previously  stated 
as a result  of the  consistent operating  performance achieved  in 2012.  In 
particular, the Company expects throughput of approximately 11,000 tonnes  per 
day to be  sustainable over  the long  run. Following  two difficult  startup 
years, Meadowbank  exceeded expectations  in 2012  primarily due  to  improved 
operating  efficiencies,   higher  sustained   throughput,  better   equipment 
availability and improvements in dilution. The current mine life now  extends 
partially into 2018, a slight extension of the previously disclosed mine life,
in spite of the plan for much higher throughput rates due to xxx  (exploration 
success?).

Pinos Altos  2012       2013       2014       2015
Forecast
As of Feb'12    149,000    143,000    137,000    na
(oz)
Current (oz)    183,662 158,500 136,000 161,000
                (actual)

Pinos Altos Total Ore Gold  Gold Recovery Minesite
2013           ('000        (g/t)  (incl. heap      Cost
               tonnes)                leach)           Per Tonne
              2,570        2.1       92%              $47

At Pinos Altos, the new guidance for 2013 is higher than previously stated, as
a result of the consistently strong performance (tonnes? Grade? What made  us 
raise 2013?) experienced in 2012. In 2014, production is expected to  decline 
as a  result of  planned lower  grades in  the life  of mine.  In 2015,  mill 
optimization initiatives are  expected to result  in higher throughput  levels 
and increased production.

Creston Mascota  2012                2013      2014      2015
Forecast
As of Feb'12        56,000              67,000    53,000    na
(oz)
Current (oz)        51,175 (actual) 31,500 52,000 55,000

Creston      Total Ore Gold  Gold Recovery Minesite
Mascota ('000        (g/t)    (incl. heap      Cost
2013         tonnes)               leach)           Per Tonne
            1,580        1.3      49%              $12

The Company expects production from Phase 2 of the Creston Mascota heap  leach 
to commence in the second quarter of 2013 and to ramp up over the remainder of
the year.  Production guidance  for  2013 reflects  the expected  buildup  of 
inventory on the heap required before  steady state is achieved. In 2014  and 
2015, the production guidance for Creston Mascota reflects normal steady state
operations.

La India        2013 2014      2015
Current (oz) na      40,000 81,000

At the La India project, construction continues with commercial production now
anticipated in the second quarter of 2014, or approximately three months ahead
of  the  original  plan.  On  average,   the  mine  is  expected  to   produce 
approximately 90,000 ounces of gold annually at total cash costs per ounce  of 
approximately $500 over a mine life of approximately 9 years.

Goldex          2013 2014      2015
Current (oz)        49,000 85,000

The Goldex mine  is expected  to resume  operations from  the M  and E  zones, 
starting in the  second quarter of  2014. On an  annualized basis, Goldex  is 
expected to produce approximately 80,000 ounces of gold at total cash costs of
approximately $900 per ounce over a  mine life of approximately three to  four 
years. Exploration on several  other satellite zones,  including the deeper  D 
zone has the potential to extend the mine's life.

New Capital Allocated to Growth Projects in 2013

The Company's balance sheet  is well positioned to  fund the Company's  growth 
initiatives. At current spot input  prices, Agnico-Eagle expects to  generate 
free cash flow in 2013, after capital expenditures which are expected to total
approximately $596 million in 2013.  It is a goal  of the Company to  increase 
its dividend to shareholders, over time, on a sustainable basis.

The estimated  capital  expenditures  include approximately  $201  million  of 
sustaining capital at the  mines and $358 million  on new projects, as  broken 
out in the table below.  Additionally, approximately $38 million is  expected 
to be spent on capitalized exploration.

The Company's Board of Directors has approved a 750 tonne per day expansion at
Kittila, with the  aim of increasing  the throughput capacity  at the mine  to 
3,750 tonnes  per  day  starting  in  the second  half  of  2015.  The  total 
expenditure on the project is expected to be approximately $103 million over a
three-year period,  with $30  million  scheduled to  be  spent in  2013.  The 
after-tax internal rate of  return is expected to  be approximately xxx%.  The 
expansion is expected to offset a gradual decline in grade towards the reserve
grade over the next several years.

                                                            
Estimated 2013      Sustaining Development Capitalized      Expensed
Capital                                 Projects    Exploration Exploration
Expenditures
($, millions)
LaRonde                        61             30              1              1
Goldex                                       63              4              
Lapa                           19                            2              1
Meadowbank                     40             39              4              
Kittila                        39             34              6              1
Pinos Altos                    29             33              5              4
La India                                     92              2              2
Meliadine                                    59             14             17
Creston Mascota                13                                          
Tarachi                                                                   6
Project Evaluation                                                       18
Other                                         7                           21
Total                        $201           $357            $38            $71
Grand Total                  $596                                          
Capital
Expenditures

Projects Not Yet Considered in Production and Capital Investment Plan

The current three year  plan lays out estimated  annual gold production  which 
rises each year through 2015 to more than 1.2 million ounces. However,  these 
forecasts do not  currently include  the following  expansion and  development 
projects:

Kittila - Production Shaft

A study is  underway which  is considering  the construction  of a  production 
shaft at Kittila. This shaft would provide operating cost savings and sustain
long-term  production  at  higher  throughput  levels  from  multiple   zones, 
especially at depths below the 700 metres.

Meliadine - High Grade Project Continues To Grow

The Meliadine project, acquired in 2010, is one of Agnico-Eagle's largest gold
deposits in  terms  of  reserves  and  resources.  It  is  currently  in  the 
permitting phase with first production possible by 2018. With the expectation
of  an  updated  study  in  2014  defining  a  medium  sized  operation  on  a 
multi-million ounce gold deposit,  Meliadine is considered  to be a  long-term 
cornerstone asset for the Company.

First  production  at   Meliadine  is  anticipated   for  2018  with   capital 
expenditures expected to be  distributed over the 2013  to 2018 period.  While 
this  project  has   not  yet  been   approved  for  construction,   estimated 
company-wide capital expenditures of approximately $600 million per year, over
the next five or six years, does include estimates for this, and several other
projects which are yet to be approved.

Gold Reserves Maintained in 2012 and Improving in Quality

At year-end 2012, the Company's proven and probable gold reserves totaled 18.7
million ounces, essentially unchanged from 2011 levels. The Company's year-end
2012 gold reserves, net of the 1,043,811 ounces of gold production in 2012 (or
1,146,727 ounces before mill recovery), are set out below:

Gold Reserves    Proven & Probable    Average Gold Reserve 
By Mine         Reserve (000s ounces) Grade (g/t)
               2012    2011    Change  2012    2011   Change
                                                 
LaRonde         4,206   4,700   (494)   4.54    4.40   0.14

Lapa            395     501     (106)   5.95    6.54   (0.59)

Kittila         4,783   5,177   (394)   4.49    4.66   (0.17)

Pinos Altos     2,714   3,103   (389)   2.21    2.06   0.15

Meadowbank      2,294   2,201   93      2.82    2.79   0.03

Meliadine       2,987   2,877   110     6.98    7.18   (0.20)
                                (13)
Bousquet        178     191             1.88    2.02   (0.14)
Existing        17,556  18,750  (1,194) 3.80    3.71   0.09
Reserves
New Reserves                                      
Goldex          349                   1.55          
La India        776                   0.72          
Total           18,681  18,750  (69)    3.16          
Reserves

Amounts presented in the table and in this press release have been rounded  to 
the nearest thousand. See  Detailed Mineral Reserve and  Resource Data (as  at 
December 31, 2012) set out the end of this news release for more details.

The Company continues to focus on improving the quality of its reserve  base. 
In the case  of long life  assets, like  LaRonde, Pinos Altos  and Kittila,  a 
higher cut off grade for calculating the reserves was used than at assets with
short lives. This decision, all else being equal, results in fewer tonnes and
ounces, but  higher  grade and  higher  operating margins.  At  shorter  life 
assets, the cut off grades and subsequent mine plans are focused on maximizing
operating cash flow. The  gold price assumptions used  in generating the  cut 
off grades are shown with the detailed reserve and resource tables at the  end 
of this news release.

Due to ongoing  industry-wide cost pressure,  combined with more  conservative 
assumptions at  some mines,  some  assets had  reserve declines  greater  than 
depletion. Conversely, Meadowbank reserves grew,  and increased in grade,  in 
spite of record gold production and mining above reserve grade in 2012.  This 
was due to xxx

It is the Company's goal  to maintain its gold reserves  to between 15 and  20 
times  its  annual   gold  production  rate.   Currently,  this  amounts   to 
approximately 18 years of reserve life.

In addition  to proven  and probable  gold reserves  of 18.7  million  ounces, 
Agnico-Eagle's byproduct reserves include  approximately 96 million ounces  of 
silver, 220,000 tonnes of zinc and 73,000 tonnes of copper.

For a 10% change in the gold price (leaving all other assumptions  unchanged), 
there would be an estimated 4% change in proven and probable gold reserves.

Gold Resources Grow Significantly at Core Properties

Exploration drilling during 2012 resulted in  more than two million ounces  of 
gold being discovered. As  noted above, approximately  one million ounces  of 
gold were  converted from  the resource  category into  the reserve  category, 
essentially replacing the ore that was  mined during 2012, while the  majority 
of the new two million ounces were added into the inferred category.

Exploration drilling was most successful  at the Meliadine project, where  xxx 
tonnes, grading xxx g/t, or 0.5 million ounces of gold, was added in indicated
resources category  and an  additional  xxx tonnes  grading  xxx g/t,  or  0.5 
million ounces of gold, was added in the inferred resources category.

Approximately xxx tonnes grading xxx g/t, or 0.8 million ounces of gold,  were 
added to the inferred resource category  at Tarachi as well. Tarachi, on  the 
La India property remains one of  the most intriguing exploration targets  for 
2013.

Kittila / Rimpi - what to say?

2013 Exploration Program and Budget

The 2013 exploration  program will  be primarily focused  on accelerating  the 
drilling programs  at  Kittila,  Meliadine  and  La  India/Tarachi,  which  is 
expected  to  convert  resources  and  extend  the  regional  and  mine   site 
exploration. These programs will form part of the feasibility studies at  each 
of these  properties,  which represent  significant  upside potential  to  the 
Company's  near  term  growth  production  profile.  In  2013,  Agnico-Eagle's 
exploration budget  is  approximately  $97  million,  with  approximately  70% 
expected to be spent on mine-site and advanced project exploration.

Operating Review

LaRonde Mine - Ramp Up At Lower Mine Continues; Heat And Congestion To Ease in
2013

The 100%  owned  LaRonde  mine  in  northwestern  Quebec  achieved  commercial 
production in 1988.

The LaRonde mill processed an average of  6,379 tonnes per day ("tpd") in  the 
fourth quarter  of  2012,  compared  with  an average  of  6,767  tpd  in  the 
corresponding period of 2011. Milling performance for the full year 2012  was 
approximately 6,462 tpd versus  6,592 tpd in 2011.  The lower throughput  was 
largely due to  the transition  to the  lower mine,  and previously  mentioned 
challenges with heat and congestion at the deepest levels. These issues  are 
expected to be  largely mitigated  by the installation  of additional  cooling 
capacity in the fourth quarter of 2013.

Minesite costs per  tonne were  approximately C$98  in the  fourth quarter  of 
2012, higher than  the C$79  per tonne experienced  in the  fourth quarter  of 
2011. The 24% increase in costs over  the prior-year period is partly due  to 
fewer processed  tonnes,  as well  as  general cost  inflation  combined  with 
variations in underground ore inventory????.

Minesite costs  per tonne  for the  full year  2012 were  approximately  C$95, 
approximately 13%  higher  than  in  2011  (C$84)  mainly  due  to  the  lower 
throughput and cost pressure as mentioned above.

On a per ounce basis, net of byproduct credits, LaRonde's total cash costs per
ounce were $756 in the fourth quarter  of 2012 on production of 36,911  ounces 
of gold. This compares with the fourth quarter of 2011 when total cash  costs 
per ounce were $375 on production of  30,686 ounces of gold. The increase  in 
total cash  costs was  expected  and is  largely  due to  significantly  lower 
by-product revenue.

For the full year 2012, LaRonde's total cash costs per ounce were $569 on gold
production of 160,875 ounces. This compares to total cash costs per ounce  of 
$77 on gold production of 124,173 in 2011. Higher gold production in 2012  is 
a result of an  improvement in grade,  consistent with more  of the ore  being 
mined from the  lower mine. The  increase in  total cash costs  over 2011  is 
primarily due  to significantly  lower byproduct  revenues, and  general  cost 
inflation.

In 2012, the LaRonde  mine also produced approximately  39,000 tonnes of  zinc 
(30% less than in 2011), 2.2 million ounces of silver (29% less than in 2011),
and 4,100 tonnes of copper (28% more than in 2011), as byproducts to the  gold 
production, all as expected.

Kittila Mine - Record Annual Gold Production And Mill Recoveries

The 100% owned Kittila mine in northern Finland achieved commercial production
in 2009.

The Kittila mill processed an  average of 3,029 tonnes  per day in the  fourth 
quarter of 2012 (60%-70%  of the tonnes were  from underground), in line  with 
its 3,000  tonne per  day design  rate. In  the fourth  quarter of  2011,  the 
Kittila mill processed 2,627 tonnes per day.

Minesite costs  per tonne  at Kittila  were approximately  €69 in  the  fourth 
quarter of  2012,  compared  to  €80  in the  fourth  quarter  of  2011.  The 
meaningful improvement in  Kittila's cost  performance compared  to the  prior 
period is  largely  due to  optimized  use of  contractors,  higher  autoclave 
availability in 2012, as  well as exclusively  underground operations for  the 
majority of the fourth quarter  in 2012 (compared to  cost from both open  pit 
and underground in  the 2011 period).  I suspect  there was a  shutdown in  q4 
2011….

For the full year 2012, the mill processed an average of 2,986 tpd as compared
with 2011 when the mill  processed an average of  2,824 tpd. The increase  in 
full year throughput is largely due to higher autoclave availability. For the
full year 2012,  the minesite costs  per tonne  were €69, compared  to €75  in 
2011. The improvement  in full year  costs is due  to the reasons  explained 
above.

Fourth quarter 2012 gold production at Kittila was 45,273 ounces with a  total 
cash cost per ounce of $569. In the fourth quarter of 2011 the mine  produced 
34,508 ounces at  total cash  costs per  ounce of  $751. Significantly  higher 
production and lower total cash costs were largely the result of higher grades
and mill recoveries during 2012, further assisted by improvements in the  cost 
structure described above.

For the full  year 2012,  payable gold production  from Kittila  was a  record 
175,878 ounces at  total cash  costs of  $565 per  ounce. In  2011, the  mine 
produced 143,560 ounces of gold  at total cash costs  of $739 per ounce.  The 
higher production  in 2012  was  largely due  to improvements  in  throughput, 
grades and recoveries compared to 2011. Total cash costs were 24% lower  than 
in 2011 largely due to autoclave availability, improved usage and economics of
consumables and explosives, as well as an optimized usage of contractors.

In 2012, the Kittila mill realized average mill recoveries of 88.3%, an annual
record.

Lapa - Steady Performance During 2012

The 100% owned Lapa mine in northwestern Quebec achieved commercial production
in May 2009.

The Lapa circuit, at the  LaRonde mill, processed an  average of 1,746 tpd  in 
the fourth quarter of 2012. This compares with an average of 1,598 tpd in the
fourth quarter of 2011,  as Lapa has  continued to exceed  its design rate  of 
1,500 tpd. For  the full year  2012, Lapa averaged  1,754 tpd, compared  with 
1,701 tpd in 2011.  The improvements in throughput  compared to 2011  periods 
are a result of  an optimized maintenance  schedule in 2012,  as well as  mill 
optimization.

Minesite costs per tonne  were C$113 in the  fourth quarter of 2012,  slightly 
better than the C$117 realized in the fourth quarter of 2011. Considering the
general cost pressures in the industry, this is viewed as a positive result.

Full-year minesite costs  in 2012  were C$115  per tonne,  slightly above  the 
C$110 achieved in 2011.

Payable production in the fourth quarter of 2012 was 24,621 ounces of gold  at 
total cash costs per ounce of $742.  This compares with the fourth quarter  of 
2011, when production was 23,721 ounces of  gold at total cash cost per  ounce 
of $723. Slightly lower  grades and recoveries during  the fourth quarter  of 
2012, that were  mainly a  result of mining  sequence, were  offset by  better 
throughput, when compared to the 2011 period.

For the full year 2012, payable production was 106,191 ounces of gold at total
cash costs of $697 per ounce. The prior year production was 107,068 ounces of
gold at total cash  costs of $650 per  ounce. General industry cost  pressure 
was the primary driver of the cost differences between periods.

Pinos Altos - Record Annual Gold Production at Low Costs

The 100%  owned  Pinos  Altos  mine in  northern  Mexico  achieved  commercial 
production in November 2009. 

The Pinos Altos mill processed an average  of 5,122 tpd in the fourth  quarter 
of 2012. This  compares favourably with  4,924 tonnes per  day in the  fourth 
quarter of 2011, and well above its initial design capacity of 4,000 tpd.

Payable production in  the fourth quarter  of 2012 was  52,492 ounces of  gold 
(including residual  drain-down  production  from  Creston  Mascota  of  3,558 
ounces) at total cash costs per ounce of $295. This compares with  production 
of 40,103 ounces at total cash costs  per ounce of $281 in the fourth  quarter 
of 2011. The higher  production in 2012  was largely due  to higher grade  ore 
being processed in the 2012 period.

Full year 2012  production at Pinos  Altos (including Creston  Mascota) was  a 
record 234,837 ounces of gold at total cash costs per ounce of $286,  compared 
to 2011 production of 204,380 ounces at  total cash cost per ounce of gold  of 
$299. For the full year period, Pinos Altos benefitted from a 25% increase in
silver grades in 2012, as well as improved throughput performance compared  to 
2011.

Minesite costs per tonne were $46 in  the fourth quarter of 2012, compared  to 
$24 in the fourth quarter of 2011.  The increase in minesite costs per  tonne 
over the prior year period is primarily due to the lack of production from the
Creston Mascota heap leach in the 2012 period, as well as significantly  fewer 
lower-cost heap leach tonnes being processed in 2012.

For the full year 2012, minesite costs per tonne were $31, compared to $28  in 
2011. The minesite costs at Pinos Altos  for 2012 were higher than the  prior 
year primarily due to the factors  described above. Total production costs  at 
Pinos Altos (including Creston Mascota) during 2012 were largely in line  with 
2011 levels, while the mine operating margin was a record $298 million.  This 
compares to $233 million in 2011.

The Company produced 2.3 million ounces of silver byproduct at Pinos Altos  in 
2012.

Meadowbank - Biggest Contributor To Strong Company Performance in 2012

The  100%  owned  Meadowbank  mine  in  Nunavut,  northern  Canada,   achieved 
commercial production in March 2010.

The Meadowbank mill processed an average  of 11,193 tpd in the fourth  quarter 
of 2012, 26% more than the 8,866 tpd achieved in the fourth quarter of  2011. 
The improved mill throughput is  due to significant improvements in  equipment 
availability  and  maintenance,  and  the  Company  believes  this  level   of 
throughput is  sustainable. Since  the  June 2011  startup of  the  permanent 
secondary crusher,  the  design  rate  of  8,500  tpd  has  been  consistently 
exceeded.

Minesite costs per tonne were C$90 in the fourth quarter and C$88 for the full
year of 2012. These costs were lower than the C$98 and C$91 per tonne in  the 
fourth quarter and full year 2011, respectively. The improvement in cost  per 
tonne was primarily driven by  less waste tonnes being  moved in the new  mine 
plan.

Payable production in the fourth quarter of 2012 was 77,238 ounces of gold  at 
total cash cost per ounce  of gold of $1,200.  This compares with the  fourth 
quarter of 2011 when 71,547 ounces were produced at total cash costs per ounce
of $1,088. The higher cost in 2012 was  due to a lower grade cycle (only  79% 
of the 2012 average grade) in  the fourth quarter, as previously announced  by 
the Company.

Full year 2012 production was  a record 366,030 ounces  of gold at total  cash 
costs per ounce of gold of $913. In 2011, the mine produced 270,801 ounces at
total cash costs  per ounce  of $1,000.  The improvements  in production  and 
costs at Meadowbank in  2012 were a result  of a successful implementation  of 
the new  mine plan  developed  in the  beginning  of the  year.  Meadowbank's 
operating performance  has been  a key  contributor to  the overall  operating 
success of the Company in 2012.

Depreciation Guidance

Agnico-Eagle expects its 2013 amortization expense to be in the range of  $280 
to $310 million.

General & Administrative Cost Guidance

Agnico-Eagle expects 2013  General and  Administration expense  on its  income 
statement to amount to $70  - $75 million, net  of stock option expense.  The 
stock option expense (which  is non-cash) has averaged  $xxx million over  the 
past xxx years.

Please see  the  supplemental financial  data  section of  the  Financial  and 
Operating  Database  on  the  Company's  website  for  additional   historical 
financial data.

Annual General Meeting

Friday April 26, 2013 at 11:00 am

Sheraton Centre Toronto Hotel (Dominion Ballroom)

123 Queen Street West

Toronto, ON M5J 1A6

Expected Dividend Record and Payment Dates for the Remainder of 2013

Record           Payment
Date             Date
March 1          March 15
June 3           June 17
September 3 September 17
December 2       December 16

Dividend Reinvestment Program

Please follow  the  link  below  for information  on  the  Company's  dividend 
reinvestment program.

DividendReinvestmentPlan

About Agnico-Eagle

Agnico-Eagle is a long established, Canadian headquartered, gold producer with
operations  located  in  Canada,  Finland  and  Mexico,  and  exploration  and 
development activities in Canada, Finland, Mexico and the United States.  The 
Company has full exposure to higher gold prices consistent with its policy  of 
no forward gold  sales. It has  declared a cash  dividend for 31  consecutive 
years. www.agnico-eagle.com

                          AGNICO-EAGLE MINES LIMITED
               SUMMARY OF OPERATIONS KEY PERFORMANCE INDICATORS
   (thousands of UnitedStates dollars, except where noted, US GAAP basis)
                                 (Unaudited)
                             
                                Three months ended         Year ended
                                    December 31,             December 31,
                                 2012       2011       2012        2011
Operating margin by mine (Note                                
1):
  LaRonde mine                  $35,363     $34,581   $173,596    $188,662
  Goldex mine                         -      24,677          -     160,723
  Lapa mine                      20,755      23,736    100,377      98,937
  Kittila mine                   53,199      33,619    186,392     115,135
  Pinos Altos mine (Note 2)      61,533      67,111    297,722     232,715
  Meadowbank mine                36,170      44,212    261,915     149,549
Total Operating Margin          207,020     227,936  1,020,002     945,721
Amortization of property, plant   72,680      73,513    271,861     261,781
and mine development
Impairment loss on Meadowbank          -     907,681          -     907,681
mine
Loss on Goldex mine                    -       4,710          -     302,893
Corporate and other               36,232      92,204    313,000     251,994
Income (loss) before income and   98,108   (850,172)    435,141   (778,628)
mining taxes
Income and mining taxes          15,338   (248,742)    124,225   (209,673)
Net income (loss) for the        $82,770  ($601,430)   $310,916  ($568,955)
period
Attributed to non-controlling         $0       ($60)         $0       ($60)
interest
Attributed to common             $82,770  ($601,370)   $310,916  ($568,895)
shareholders
Net income (loss) per share -      $0.48     ($3.53)      $1.82     ($3.36)
basic
                                                             
Cash provided by operating      $105,964    $132,028   $696,007    $667,185
activities
                                                             
Realized price per sales volume                               
(US$):
Gold (per ounce)                 $1,684      $1,640     $1,667      $1,573
Silver (per ounce)               $31.25      $26.83     $31.66      $34.39
Zinc (per tonne)                  $1,906      $2,188     $1,955      $1,892
Copper (per tonne)               $7,668      $8,510     $8,083      $7,162
                                                             
Payable production (Note 3):                                  
  Gold (ounces):                                             
          LaRonde mine          36,911      30,686    160,875     124,173
          Goldex mine                -      14,756          -     135,478
          Lapa mine             24,621      23,721    106,191     107,068
          Kittila mine          45,273      34,508    175,878     143,560
          Pinos Altos mine      52,492      52,574    234,837     204,380
            (Note 2)
          Meadowbank mine       77,238      71,547    366,030     270,801
  Total gold (ounces)           236,535     227,792  1,043,811     985,460
  Silver (000s ounces):                                      
          LaRonde mine             547         785      2,244       3,169
          Pinos Altos mine         628         508      2,311       1,851
            (Note 2)
          Meadowbank mine           21          18         91          60
  Total silver (000s ounces)      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
                                                             
Payable metal sold:                                           
  Gold (ounces):                                             
          LaRonde mine          37,726      31,342    158,823     124,119
          Goldex mine                -      20,863          -     141,702
          Lapa mine             24,073      23,854    104,535     107,334
          Kittila mine          46,620      37,769    170,478     145,006
          Pinos Altos mine      50,201      55,611    229,984     204,239
            (Note 2)
          Meadowbank mine       79,752      78,579    364,006     273,690
  Total gold (ounces)           238,372     248,018  1,027,826     996,090
  Silver (000s ounces):                                      
          LaRonde mine             566         865      2,233       3,171
          Pinos Altos mine         582         546      2,235       1,858
            (Note 2)
          Meadowbank mine           19          18         87          60
  Total silver (000s ounces)      1,167       1,429      4,555       5,089
  Zinc (tonnes)                  9,073      11,516     42,604      54,499
  Copper (tonnes)                  800         978      4,115       3,194
                                                             
   Total cash costs per ounce
  of gold produced (US$) (Note                               
   4):
  LaRonde mine                     $756        $375       $569         $77
  Goldex mine                         -        $344          -        $401
  Lapa mine                        $742        $723       $697        $650
  Kittila mine                     $569        $751       $565        $739
  Pinos Altos mine (Note 2)       $295        $292       $286        $299
  Meadowbank mine                $1,200      $1,088       $913      $1,000
  Weighted average total cash      $769        $671       $640        $580
   costs per ounce
                                                           

Note 1
Operating margin by mine is calculated as Revenues from mining operations less
Production costs.

Note 2
Includes Creston Mascota deposit at Pinos Altos except for fourth quarter 2012
total cash costs per ounce  of gold produced and  Minesite costs per tonne  as 
heap leach operations at Creston  Mascota were suspended effective October  1, 
2012.s

Note 3
Payable production  is  the  quantity  of mineral  produced  during  a  period 
contained in products that are  or will be sold  by the Company, whether  such 
products are sold during  the period or  held as inventory at  the end of  the 
period.

Note 4
Total cash  costs per  ounce of  gold produced  is calculated  net of  silver, 
copper, zinc and other byproduct  revenue credits. The weighted average  total 
cash costs per  ounce is based  on commercial production  ounces. Total  cash 
costs per ounce of gold produced  is a non-GAAP measure. See  "reconciliation 
of production  costs  to total  cash  costs per  ounce  of gold  produced  and 
minesite costs per tonne" contained herein for details.



                          AGNICO-EAGLE MINES LIMITED
                         CONSOLIDATED BALANCE SHEETS
             (thousands of United States dollars, US GAAP basis)
                                 (Unaudited)

                                               As at               As at
                                        December 31, 2012     December 31,
                                                                    2011
                                                                      
ASSETS          
Current           
 Cash and cash equivalents             $          332,008    $      221,458
 Trade receivables                              67,750          75,899
 Inventories:
     Ore stockpiles                             52,342            28,155
     Concentrates and dore bars                  69,695            57,528
     Supplies                                 222,630           182,389
 Income taxes recoverable                         19,313               371
 Available-for-sale securities                    44,719           145,411
 Fair value of derivative financial                  1,835                 -
  instruments 
 Other current assets                            92,977           110,369
Total current assets                             903,269           821,580
Other assets                                    55,838            88,048
Goodwill                                       229,279           229,279
Property, plant and mine development             4,067,456         3,895,355
                                 $       5,255,842    $    5,034,262
                                                                
LIABILITIES AND SHAREHOLDERS' EQUITY
Current           
 Accounts payable and accrued           $          185,329   $     203,547
  liabilities                                               
 Environmental remediation liability                16,816           26,069
                                                            
 Dividends payable                                  37,905                -
                                                            
 Interest payable                                   13,602            9,356
                                                            
 Income taxes payable                               10,061                -
                                                            
 Capital lease obligations                          12,955           11,068
                                                            
 Fair value of derivative financial                      -            4,404
  instruments                                              
Total current liabilities                        276,668          254,444
                                                            
Long-term debt                                      830,000          920,095
                                                            
Reclamation provision and other                     127,735          145,988
liabilities                                                 
Deferred income and mining tax                      611,227          498,572
liabilities                                                 
SHAREHOLDERS' EQUITY        
Common shares
 Authorized - unlimited
 Issued - 172,296,610 (December 31,                         
  2011 - 170,859,604)                             3,241,922         3,181,381
Stock options                                   148,032          117,694
                                                            
Warrants                                             24,858           24,858
                                                            
Contributed surplus                              15,665           15,166
                                                            
Retained earnings (deficit)                           7,046        (129,021)
                                                            
Accumulated other comprehensive loss               (27,311)          (7,106)
                                                              
                                          3,410,212        3,202,972
                                                            
Non-controlling interest                               -           12,191
                                                            
Total shareholders' equity                     3,410,212        3,215,163
                                                            
                                 $       5,255,842   $   5,034,262
                                                            



                          AGNICO-EAGLE MINES LIMITED
                   CONSOLIDATED STATEMENTS OF INCOME (LOSS)
 (thousands of United States dollars, except share and per share amounts, US
                                 GAAP basis)
                                 (Unaudited)

                        Three months ended               Year ended
                           December 31,                 December 31,
                       2012          2011          2012          2011
                                                                             
REVENUES
Revenues from mining $ 449,383  $   455,503  $ 1,917,714  $  1,821,799
operations
Interest and sundry        1,487        (2,137)            847         (1,505)
income (expense) and                                         
other
Gain (loss) on sale
of and impairment
loss on                                                      
available-for-sale
securities                15,913        (5,074)        (2,999)         (3,662)
                        466,783       448,292     1,915,562      1,816,632
                                                                             
COSTS AND EXPENSES
Production               242,363       227,567       897,712        876,078
Exploration and           16,083         31,844        109,500          75,721
corporate                                                    
development
Environmental              (11)             -         4,055              -
remediation
Amortization of           72,680         73,513        271,861         261,781
property, plant and                                          
mine development
General and              27,726        28,242       119,085        107,926
administrative
Provincial capital            -         9,223         4,001          9,223
tax
Interest expense         14,287        12,124        57,887         55,039
Impairment loss on             -       907,681             -        907,681
Meadowbank mine
Loss on Goldex mine           -         4,710             -        302,893
Foreign currency         (4,453)          3,560         16,320         (1,082)
translation (gain)                                           
loss
Income (loss) before      98,108      (850,172)        435,141       (778,628)
income and mining                                            
taxes
Income and mining        15,338     (248,742)       124,225      (209,673)
taxes
Net income (loss)     $  82,770  $ (601,430)  $   310,916  $          
for the period                                                       (568,955)
Attributed to        $       -   $      (60)   $         -   $       (60)
non-controlling                                              
interest
Attributed to common $  82,770  $ (601,370)  $   310,916  $          
shareholders                                                         (568,895)
                                                                             
Net income (loss)    $    0.48  $    (3.53)  $      1.82  $     (3.36)
per share - basic
Net income (loss)    $    0.48  $    (3.53)  $      1.81  $     (3.36)
per share - diluted
                                                                             
Weighted average number of common shares outstanding
(inthousands)       
Basic                171,837       170,276       171,250        169,353
Diluted              173,432       170,276       171,486        169,353



                          AGNICO-EAGLE MINES LIMITED
                    CONSOLIDATED STATEMENTS OF CASH FLOWS
             (thousands of United States dollars, US GAAP basis)
                                 (Unaudited)

                         Three months ended              Year ended
                             December 31,                 December 31,
                        2012         2011          2012         2011
                                                                            
OPERATING ACTIVITIES
Net income (loss) for $  82,770  $            $ 310,916  $ (568,955)
the period                             (601,430)
Add (deduct) items not affecting cash:
  Amortization of         72,680         73,513     271,861         261,781
 property, plant and                                         
  mine development
 Deferred income and    25,358      (228,339)      72,145      (275,773)
  mining taxes
  Gain on sale of      (16,464)           (93)     (9,733)         (4,907)
 available-for-sale                                          
  securities
 Impairment loss on           -        907,681           -        907,681
  Meadowbank mine
 Loss on Goldex mine         -          4,710           -        302,893
          Stock-based     10,658         23,139      92,732          82,352
        compensation,
    foreign currency                                         
      translation and
                other
Adjustment for           (5,682)        (7,616)    (21,449)        (7,616)
settlement of
environmental
remediation
Changes in non-cash            -                                       
working capital
balances:
 Trade receivables       9,294          2,880       8,149         37,050
  Income taxes          (29,687)       (24,331)      13,304        (29,867)
 (payable)                                                   
  recoverable
 Inventories              6,811         23,827    (44,145)       (43,066)
 Other current           7,156          2,788      18,909       (25,838)
  assets
  Accounts payable      (49,550)       (34,202)    (20,928)          31,837
 and accrued                                                 
  liabilities
 Interest payable       (7,380)       (10,499)       4,246          (387)
Cash provided by        105,964        132,028     696,007        667,185
operating activities
                                                                            
INVESTING ACTIVITIES
Additions to           (151,843)      (107,577)   (445,550)      (482,831)
property, plant and
mine development
Acquisitions,            42,626      (163,239)      61,323      (244,727)
investments and other
Cash used in          (109,217)      (270,816)   (384,227)      (727,558)
investing activities
                                                                            
FINANCING ACTIVITIES
Dividends paid         (29,331)       (25,650)   (118,121)       (98,354)
Repayment of capital     (3,274)        (3,289)    (12,063)       (13,092)
lease obligations
Proceeds from             60,000        270,000     315,000        475,000
long-term debt
Repayment of            (30,000)              -   (605,000)      (205,000)
long-term debt
Notes Issuance                -              -     200,000              -
Long-term debt                 -           (51)     (3,133)        (2,545)
financing costs
Repurchase of common           -              -    (12,031)        (3,723)
shares for restricted
share unit plan
Common shares issued      16,741          3,451      32,742         26,536
Cash provided by          14,136        244,461   (202,606)        178,822
(used in) financing
activities
                                                                            
Effect of exchange           318          (885)       1,376        (1,636)
rate changes on cash
and cash equivalents
                                                                            
Net increase in cash      11,201        104,788     110,550        116,813
and cash equivalents
during the period
Cash and cash            320,807        116,670     221,458        104,645
equivalents,
beginning of period
Cash and cash         $ 332,008  $    221,458  $ 332,008   $   221,458
equivalents, end of
period
                                                                            
Supplemental cash flow information:
Interest paid        $  21,889  $     21,090  $  52,213   $    52,833
Income and mining     $  29,973  $     21,413  $  56,962   $   110,889
taxes paid



                         AGNICO-EAGLE MINES LIMITED
           RECONCILIATION OF PRODUCTION COSTS TO TOTAL CASH COSTS
           PER OUNCE OF GOLD PRODUCED AND MINESITE COSTS PER TONNE
                                 (Unaudited)

Total Cash Costs per Ounce of Gold Produced
(thousands of United States dollars, except where noted)    
                          Three months Three months Year ended  Year ended
                            ended        ended
                           December    December    December    December
                            31, 2012     31, 2011     31, 2012     31, 2011
                                                                  
Total Production costs
per Consolidated              $242,363     $227,567     $897,712     $876,078
Statements of Income
                                                                        
Attributable to LaRonde         58,106       52,480      225,647      209,947
Attributable to Goldex               -        7,679            -       56,939
Attributable to Lapa            19,482       16,834       73,376       68,599
Attributable to Kittila         25,406       28,602       98,037      110,477
Attributable to Pinos           33,606       36,541      146,503      145,614
Altos^(i)
Attributable to                 99,324       85,431      347,710      284,502
Meadowbank
    Total                   $235,924     $227,567     $891,273     $876,078
    
LaRonde    
                          Three months Three months Year ended  Year ended
                            ended        ended
                          December 31, December 31, December 31, December 31,
                              2012         2011         2012         2011
Production costs              $58,106      $52,480     $225,647     $209,947
Adjustments:                                                             
    Byproduct revenues      (29,214)     (34,299)    (131,750)    (194,000)
    Inventory and other         (367)      (5,125)          107      (2,309)
     adjustments^(ii)
    Non-cash reclamation        (611)      (1,546)      (2,422)      (4,062)
     provision
Cash operating costs          $27,914      $11,510      $91,582       $9,576
Gold production (ounces)       36,911       30,686      160,875      124,173
Total cash costs ($               $756         $375         $569          $77
perounce)^(iii)

Goldex
                          Three months Three months Year ended  Year ended
                            ended        ended
                           December   December   December   December
                            31, 2012     31, 2011     31, 2012     31, 2011
Production costs                    -       $7,679            -      $56,939
Adjustments:                                                             
    Byproduct revenues             -          269            -          395
    Inventory and other             -      (2,836)            -      (2,778)
     adjustments^(ii)
    Non-cash reclamation            -         (36)            -        (173)
     provision
Cash operating costs                -       $5,076            -      $54,383
Gold production (ounces)            -       14,756            -      135,478
Total cash costs ($                  -         $344            -         $401
perounce)^(iii)


Lapa
                          Three months Three months Year ended  Year ended
                            ended        ended
                          December 31, December 31, December 31, December 31,
                              2012         2011         2012         2011
Production costs              $19,482      $16,834      $73,376      $68,599
Adjustments:                                                             
    Byproduct revenues           167          349          513          663
    Inventory and other       (1,365)          283         (71)          631
     adjustments^(ii)
    Non-cash reclamation         (15)        (312)          191        (348)
     provision
Cash operating costs          $18,269      $17,154      $74,009      $69,545
Gold production (ounces)       24,621       23,721      106,191      107,068
Total cash costs ($               $742         $723         $697         $650
perounce)^(iii)

Kittila
                          Three months Three months Year ended  Year ended
                            ended        ended
                          December 31, December 31, December 31, December 31,
                              2012         2011         2012         2011
Production costs              $25,406      $28,602      $98,037     $110,477
Adjustments:                                                             
    Byproduct revenues             65           38          391          152
    Inventory and other           432      (2,648)        1,564      (1,267)
     adjustments^(ii)
    Non-cash reclamation        (148)         (66)        (551)        (206)
     provision
     Stripping
    (capitalized vs                 -            -            -      (3,018)
     expensed)^(iv)
Cash operating costs          $25,755      $25,926      $99,441     $106,138
Gold production (ounces)       45,273       34,508      175,878      143,560
Total cash costs ($               $569         $751         $565         $739
perounce)^(iii)

Pinos Altos (includes Creston Mascota)^(i)
                          Three months Three months Year ended  Year ended
                            ended        ended
                          December 31, December 31, December 31, December 31,
                              2012         2011         2012         2011
Production costs              $33,602      $36,541     $146,499     $145,614
Adjustments:                                                             
    Byproduct revenues      (19,006)     (13,559)     (69,478)     (60,653)
    Inventory and other         2,192      (1,779)        2,658        1,871
     adjustments^(ii)
    Non-cash reclamation         (51)        (386)        (764)      (1,372)
     provision
     Stripping
    (capitalized vs           (2,291)      (5,472)     (12,762)     (24,260)
     expensed)^(iv)
Cash operating costs          $14,450      $15,345      $66,157      $61,200
Gold production (ounces)       48,932       52,574      231,277      204,380
Total cash costs ($               $295         $292         $286         $299
perounce)^(iii)

Meadowbank
                          Three months Three months Year ended  Year ended
                            ended        ended
                          December 31, December 31, December 31, December 31,
                              2012         2011         2012         2011
Production costs              $99,324      $85,431     $347,710     $284,502
Adjustments:                                                             
    Byproduct revenues            (6)          718      (1,651)        (546)
    Inventory and other         2,084      (7,261)        4,582      (1,670)
     adjustments^(ii)
    Non-cash reclamation        (406)        (414)      (1,611)      (1,679)
     provision
     Stripping
    (capitalized vs           (8,341)        (606)     (14,806)      (9,746)
     expensed)^(iv)
Cash operating costs          $92,655      $77,868     $334,224     $270,861
Gold production (ounces)       77,238       71,547      366,030      270,801
Total cash costs ($             $1,200       $1,088         $913       $1,000
perounce)^(iii)


Minesite Costs per Tonne
(thousands of United States dollars, except where
noted)
LaRonde
                          Three months Three months Year ended  Year ended
                            ended        ended
                          December 31, December 31, December 31, December 31,
                              2012         2011         2012         2011
Production costs               $58,106      $52,480     $225,647     $209,947
Adjustments:                                                  
Inventory                        (282)      (2,195)          984         (22)
adjustments^(v)
Non-cash reclamation             (610)      (1,546)      (2,421)      (4,062)
provision
Minesite operating costs       $57,214      $48,739     $224,210     $205,863
Minesite operating costs       $57,280      $49,372     $225,159     $202,957
(C$)
Tonnes of ore milled               587          622        2,359        2,406
(000s)
Minesite costs per tonne           $98          $79          $95          $84
(C$)^(vi)

Goldex
                          Three months Three months Year ended  Year ended
                            ended        ended
                          December 31, December 31, December 31, December 31,
                              2012         2011         2012         2011
Production costs                     -       $7,679            -      $56,939
Adjustments:                                                  
Inventory                            -      (2,836)            -      (2,407)
adjustments^(v)
Non-cash reclamation                 -         (36)            -        (173)
provision
Minesite operating costs             -       $4,807            -      $54,359
Minesite operating costs             -       $4,903            -      $53,208
(C$)
Tonnes of ore milled                 -          237            -        2,477
(000s)
Minesite costs per tonne             -          $21            -          $21
(C$)^(vi)

Lapa
                          Three months Three months Year ended  Year ended
                            ended        ended
                          December 31, December 31, December 31, December 31,
                              2012         2011         2012         2011
Production costs               $19,482      $16,834      $73,376      $68,599
Adjustments:                                                  
Inventory                      (1,343)          394           54        1,071
adjustments^(v)
Non-cash reclamation              (15)        (312)          191        (348)
provision
Minesite operating costs       $18,124      $16,916      $73,621      $69,322
Minesite operating costs       $18,142      $17,152      $73,813      $68,403
(C$)
Tonnes of ore milled               161          148          641          621
(000s)
Minesite costs per tonne          $113         $117         $115         $110
(C$)^(vi)

Kittila
                          Three months Three months Year ended  Year ended
                            ended        ended
                          December 31, December 31, December 31, December 31,
                              2012         2011         2012         2011
Production costs               $25,406      $28,602      $98,037     $110,477
Adjustments:                                                 
Inventory                          432      (2,705)        1,569      (1,324)
adjustments^(v)
Non-cash reclamation             (148)         (66)        (551)        (206)
provision
Stripping (capitalized vs            -            -            -      (3,018)
expensed)^(iv)
Minesite operating costs       $25,690      $25,831      $99,055     $105,929
Minesite operating costs      € 19,148     € 19,383     € 75,305     € 76,817
(EUR)
Tonnes of ore milled               279          242        1,090        1,031
(000s)
Minesite costs per tonne          € 69         € 80         € 69         € 75
(EUR)^(vi)

Pinos Altos (includes Creston Mascota)^(i)
                          Three months Three months Year ended  Year ended
                            ended        ended
                          December 31, December 31, December 31, December 31,
                              2012         2011         2012         2011
Production costs               $33,606      $36,541     $146,503     $145,614
Adjustments:                                                  
Inventory                        2,248      (1,704)        2,755        (169)
adjustments^(v)
Non-cash reclamation              (51)        (386)        (764)      (1,372)
provision
Stripping (capitalized vs      (2,291)      (5,472)     (12,762)     (24,260)
expensed)^(iv)
Minesite operating costs       $33,512      $28,979     $135,732     $119,813
Tonnes of ore processed            730        1,203        4,316        4,509
(000s)
Minesite costs per tonne           $46          $24          $31          $27
(US$)^(vi)

Meadowbank
                          Three months Three months Year ended  Year ended
                            ended        ended
                          December 31, December 31, December 31, December 31,
                              2012         2011         2012         2011
Production costs               $99,324      $85,431     $347,710     $284,502
Adjustments:                                                  
Inventory                        1,806      (6,773)        4,407          253
adjustments^(v)
Non-cash reclamation             (406)        (414)      (1,610)      (1,679)
provision
Stripping (capitalized vs      (8,341)        (606)     (14,806)      (9,746)
expensed)^(iv)
Minesite operating costs       $92,383      $77,638     $335,701     $273,330
Minesite operating costs       $92,471      $79,643     $336,431     $272,157
(C$)
Tonnes of ore milled             1,030          816        3,821        2,978
(000s)
Minesite costs per tonne           $90          $98          $88          $91
(C$)^(vi)




(i)Includes Creston  Mascota deposit  at Pinos  Altos except  for  fourth 
quarter 2012 total cash  costs per ounce of  gold produced and minesite  costs 
per tonne as suspension  of as heap leach  operations at Creston Mascota  were 
suspended effective October 1, 2012.

(ii)Under the Company's revenue recognition policy, revenue is recognized
on concentrates when legal title passes. As total cash costs are calculated on
a production basis, this inventory adjustment reflects the sales margin on the
portion of concentrate production not yet recognized as revenue.

(iii)Total cash  cost per  ounce of  gold produced  is not  a  recognized 
measure under US GAAP and this data may not be comparable to data presented by
other gold  producers.  The  Company believes  that  this  generally  accepted 
industry measure is  a realistic  indication of operating  performance and  is 
useful in allowing year  over year comparisons. As  illustrated in the  tables 
above, this measure is  calculated by adjusting production  costs as shown  in 
the Consolidated Statements  of Income for  net byproduct revenues,  inventory 
adjustments, non-cash  reclamation provisions,  deferred stripping  costs  (as 
described in iv  below) and  other adjustments.  This measure  is intended  to 
provide investors with information about  the cash generating capabilities  of 
the Company's mining operations. Management  uses this measure to monitor  the 
performance of the Company's mining operations. As market prices for gold  are 
quoted on a per ounce basis, using this per ounce measure allows management to
assess the  mine's  cash  generating  capabilities  at  various  gold  prices. 
Management is aware that this per ounce measure of performance can be impacted
by fluctuations  in  byproduct metal  prices  and exchange  rates.  Management 
compensates for  the limitation  inherent with  this measure  by using  it  in 
conjunction with the  minesite costs  per tonne measure  (discussed below)  as 
well as  other data  prepared  in accordance  with  US GAAP.  Management  also 
performs sensitivity analyses in order to quantify the effects of  fluctuating 
metal prices and exchangerates.

(iv)The Company  reports  total  cash costs  using  the  common  industry 
practice of deferring certain stripping costs that can be attributed to future
production. The methodology  is in  line with the  Gold Institute  Production 
Cost Standard. The purpose of adjusting for stripping costs is to enhance the
comparability of  total cash  costs to  the majority  of the  Company's  peers 
within the mining industry.

(v)This inventory adjustment  reflects production  costs associated  with 
unsold concentrates.

(vi)Minesite costs per tonne  is not a recognized  measure under US  GAAP 
and this data may not be comparable to data presented by other gold producers.
As illustrated in the  tables above, this measure  is calculated by  adjusting 
production costs  as  shown  in  the Consolidated  Statements  of  Income  for 
inventory, non-cash reclamation  provisions and deferred  stripping costs  (as 
described in iv above), and then dividing by tonnes of ore processed. As total
cash costs data can be affected by fluctuations in byproduct metal prices  and 
exchange  rates,  management  believes  minesite  costs  per  tonne   provides 
additional information  regarding the  performance  of mining  operations  and 
allows management to monitor operating costs on a more consistent basis as the
per tonne  measure eliminates  the cost  variability associated  with  varying 
production levels. Management also uses this measure to determine the economic
viability of mining blocks. As each mining block is evaluated based on the net
realizable value of each tonne mined,  in order to be economically viable  the 
estimated revenue on a per tonne basis must be in excess of the minesite costs
per tonne. Management  is aware  that this per  tonne measure  is impacted  by 
fluctuations in  production  levels and  thus  uses this  evaluation  tool  in 
conjunction with production costs  prepared in accordance  with US GAAP.  This 
measure supplements production cost information prepared in accordance with US
GAAP and allows investors to  distinguish between changes in production  costs 
resulting from changes in production versus changes in operating performance.

Note Regarding Production Guidance

The gold production guidance  is based on the  Company's mineral reserves  but 
includes contingencies, assumed 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.

Note Regarding Certain Measures of Performance

This news release presents  measures including "total  cash costs per  ounce," 
"minesite costs  per  tonne"  and  "all-in  sustaining  costs"  that  are  not 
recognized measures under  US GAAP. This  data may not  be comparable to  data 
presented by other gold producers.  The Company believes that these  generally 
accepted industry measures are  realistic indicators of operating  performance 
and useful for  year-over-year comparisons.  However, both  of these  non-GAAP 
measures should be considered together with other data prepared in  accordance 
with US  GAAP.  These  measures,  taken by  themselves,  are  not  necessarily 
indicative of operating  costs or  cash flow measures  prepared in  accordance 
with US GAAP. A reconciliation of the Company's total cash costs per ounce and
minesite costs 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 out above.

The mineral  reserve and  resource contents  of this  news release  have  been 
prepared under the supervision  of, and reviewed  by, Alain Blackburn  P.Eng., 
Senior Vice-President, Exploration and a  "Qualified Person" for the  purposes 
of NI 43-101.

Detailed Mineral Reserve and Resource Data (as at December 31, 2012)

Category and      Au      Ag       Cu     Zn     Pb     Au         Tonnes
Operation          (g/t) (g/t)    (%)    (%)    (%)    (000s      (000s)
                                                         oz.)
Proven Mineral Reserve
Goldex             1.70                                       3         59
(underground)
 Kittila (open   4.30                                      38        272
pit)
 Kittila         4.66                                     178      1,189
(underground)
Kittila total      4.59                                     216      1,461
proven
Lapa (underground) 6.25                                     227      1,129
LaRonde            2.96    30.81  0.30 1.06 0.12       602      6,323
(underground)
Meadowbank (open   1.56                                      88      1,764
pit)
 Pinos Altos     0.93    19.45                              14        457
(open pit)
 Pinos Altos     2.82    92.14                             237      2,610
(underground)
Pinos Altos total  2.54    81.31                             250      3,067
proven
Meliadine (open    7.31                                       8         34
pit)
Subtotal Proven    3.13                                   1,394     13,836
Mineral Reserve
                                                                             
Probable Mineral Reserve
Bousquet (open        1.88                                  178      2,943
pit)
Goldex                1.55                                  346      6,936
(underground)
 Kittila (open     3.51                                   21        182
pit)
 Kittila           4.49                                4,547     31,480
(underground)
Kittila total         4.49                                4,567  31,662
probable
Lapa (underground)    5.58                                  168        939
LaRonde              4.99 20.54 0.24 0.68 0.05      3,604     22,462
(underground)
Meadowbank (open      2.91                                2,206     23,560
pit)
 Meliadine         5.85                                  973      5,172
(open pit)
 Meliadine       7.71                                2,006      8,094
(underground)
Meliadine total       6.98                                2,979     13,266
probable
 Pinos Altos       1.75    37.43                          884     15,692
(open pit)
 Pinos Altos       2.54    76.29                        1,580     19,382
(underground)
Pinos Altos total     2.18    58.90                        2,464     35,074
probable
La India projects     0.72                                  776     33,457
(open pit)
Subtotal Probable     3.16                            17,286 170,300
Mineral Reserve
Total Proven and     3.16                              18,681   184,136
Probable Mineral
Reserves

                                Au    Ag      Cu     Zn     Pb     Tonnes
Category and Operation           (g/t) (g/t)   (%)    (%)    (%)    (000s)
Measured Mineral Resource                                               
Goldex (underground)              1.86                              12,360
Meadowbank (open pit)             0.93                               1,441
La India projects (open pit)      0.29                               1,662
Total Measured Mineral Resource   1.60                              15,463
Indicated Mineral Resource                                              
 Bousquet (open pit)            1.76                               8,101
 Bousquet (underground)         5.63                               1,704
Bousquet total indicated          2.44                               9,805
Ellison (underground)             5.68                                 415
Goldex (underground)              1.83                            14,808
Kittila (underground)             2.65                               7,854
Lapa (underground)                4.08                               1,118
LaRonde (underground)             1.88 28.04 0.12 1.50 0.15     5,432
 Meadowbank (open pit)          2.00                               6,544
 Meadowbank (underground)       4.85                               2,341
Meadowbank total indicated        2.75                               8,885
 Meliadine (open pit)           3.32                               7,247
 Meliadine (underground)        4.40                               9,987
Meliadine total indicated         3.94                              17,234
 Pinos Altos (open pit)         1.12   14.27                        7,925
 Pinos Altos (underground)      1.84   48.05                       10,022
Pinos Altos total indicated       1.52   33.13                       17,947
Swanson (open pit)                1.93                                 504
La India projects (open pit)      0.42                              41,530
Total Indicated Mineral Resource  1.81                          125,532
Total Measured & Indicated        1.79                            140,995
Mineral Resources

                                Au    Ag      Cu     Zn     Pb     Tonnes
Category and Operation           (g/t) (g/t)   (%)    (%)    (%)    (000s)
Inferred Mineral Resource                                               
 Bousquet (open pit)            1.16                                 679
 Bousquet (underground)         4.54                               3,888
Bousquet total inferred           4.04                               4,567
Ellison (underground)             5.81                                 786
Goldex (underground)              1.52                              34,645
 Kittila (open pit)             3.91                                 311
 Kittila (underground)          3.88                              18,655
Kittila total inferred            3.88                              18,966
Kuotko, Finland (open pit)        2.89                               1,823
Kylmäkangas, Finland              4.11   31.11                        1,896
(underground)
 Lapa (open pit Zulapa)         3.14                                 391
 Lapa (underground)             9.25                                 543
Lapa total inferred               6.69                                 934
LaRonde (underground)             3.73   11.68   0.25   0.58   0.05     11,887
 Meadowbank (open pit)          2.93                               1,376
 Meadowbank (underground)       4.36                               2,213
Meadowbank total inferred         3.81                               3,589
 Meliadine (open pit)           4.32                               5,208
 Meliadine (underground)        7.15                               9,608
Meliadine total inferred          6.15                              14,816
 Pinos Altos (open pit)         0.98   18.93                       20,951
 Pinos Altos (underground)      2.42   59.91                        3,641
Pinos Altos total inferred        1.19   25.00                       24,592
La India projects (open pit)      0.39                              81,002
Total Inferred Resource           1.90                            199,503

Tonnage amounts and contained metal amounts presented in this table have been
rounded to the
nearest thousand. Reserves are not a sub-set of resources.

Forward-Looking Statements

The information in  this news  release has been  prepared as  at February  13, 
2013.  Certain   statements  contained   in  this   news  release   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 and are  referred 
to herein as "forward-looking statements".  When used in this document,  words 
such as  "anticipate", "expect",  "estimate", "forecast",  "planned",  "will", 
"likely",  "schedule"  and  similar  expressions  are  intended  to   identify 
forward-looking statements.

Such statements  include  without limitation:  the  Company's  forward-looking 
production  guidance,  including  estimated  ore  grades,  project  timelines, 
drilling results,  orebody  configurations,  metal production,  life  of  mine 
trends, production estimates,  total cahs costs  per ounce, all-in  sustaining 
costs, minesite costs per tonne, cash  flows, the estimated timing of  scoping 
and other studies, the  methods by which ore  will be extracted or  processed, 
recovery  rates,  mill  throughput,  and  projected  exploration  and  capital 
expenditures, including costs and other estimates upon which such  projections 
are based; the Company's goal to increase its mineral reserves and  resources; 
the Company's goal to  increase its dividends; the  Company's goal to build  a 
mine at La India, Meliadine and Goldex; the Company's plan to expand  capacity 
at Kittila and other statements  and information regarding anticipated  trends 
with respect to the Company's operations, exploration and the funding thereof.
Such statements  reflect the  Company's views  as  at the  date of  this  news 
release and  are  subject to  certain  risks, uncertainties  and  assumptions. 
Forward-looking statements are necessarily based upon a number of factors  and 
assumptions that, while considered reasonable  by Agnico-Eagle as of the  date 
of such statements, are inherently  subject to significant business,  economic 
and competitive uncertainties and  contingencies. The factors and  assumptions 
of Agnico-Eagle  contained  in  this  news release,  which  may  prove  to  be 
incorrect, include, but are not limited  to, the assumptions set forth  herein 
and in management's discussion and analysis and the Company's Annual Report on
Form 20-F for the year ended December 31, 2011 ("Form 20-F") as well as:  that 
there are  no significant  disruptions affecting  operations, whether  due  to 
labour  disruptions,  supply   disruptions,  damage   to  equipment,   natural 
occurrences, equipment failures, accidents, political changes, title issues or
otherwise; that permitting, production and expansion at each of Agnico-Eagle's
mines and  growth  projects  proceeds  on  a  basis  consistent  with  current 
expectations, and that Agnico-Eagle does not change its plans relating to such
projects; that the exchange rate  between the Canadian dollar, European  Union 
euro, Mexican  peso  and  the  United States  dollar  will  be  approximately 
consistent with current levels or as set out in this news release; that prices
for gold, silver, zinc, copper and lead will be consistent with Agnico-Eagle's
expectations; that prices for key mining and construction supplies,  including 
labour costs, remain consistent with Agnico-Eagle's current expectations; that
Agnico-Eagle's current  estimates  of  mineral  reserves,  mineral  resources, 
mineral grades and  metal recovery are  accurate; that there  are no  material 
delays in  the timing  for completion  of ongoing  growth projects;  that  the 
Company's current plans to optimize production are successful; and that  there 
are no material  variations in  the current tax  and regulatory  environment. 
Many factors,  known  and  unknown,  could cause  the  actual  results  to  be 
materially different from those expressed  or implied by such  forward-looking 
statements. 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 metal 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; 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, see the Form 20-F,  as well as the  Company's other filings with  the 
Canadian Securities  Administrators  and  the  U.S.  Securities  and  Exchange 
Commission (the "SEC"). The Company does  not intend, and does not assume  any 
obligation, to update these forward-looking statements and information, except
as required  by law.  Accordingly,  readers are  advised  not to  place  undue 
reliance on forward-looking statements.  Certain of the foregoing  statements, 
primarily related to projects, are based  on preliminary views of the  Company 
with respect to, among other  things, grade, tonnage, processing,  recoveries, 
mining methods, capital costs, total cash costs, minesite costs, and  location 
of  surface  infrastructure.  Actual  results  and  final  decisions  may  be 
materially different from those currently anticipated.

Notes to Investors Regarding the Use of Resources

Cautionary Note to  Investors Concerning Estimates  of Measured and  Indicated 
Resources

This  news  release  uses  the  terms  "measured  resources"  and   "indicated 
resources". Investors are advised 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 press release  also uses  the term "inferred  resources". Investors  are 
advised  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.

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 mineral reserves presented in this disclosure are separate from and not a
portion of the mineral resources.

Property/Project  Qualified Person          Date of most
name and location responsible for           recent Technical
                  the current               Report (NI 43-
                  Mineral Resource          101) filed on
                  and Reserve               SEDAR
                  Estimate and
                  relationship to
                  Agnico-Eagle
LaRonde, Bousquet François                  March 23, 2005
& Ellison,        Blanchet Ing.,
Quebec, Canada    LaRonde Division
                  Superintendent of geology
Kittila, Kuotko   Daniel Doucet, Ing.,      March 4, 2010
and Kylmakangas,  Corporate Director of
Finland           Reserve Development
Pinos Altos,      John Reddick              March 25, 2009
Mexico.          P.Geo., Independent
                  Consultant
Swanson, Quebec,  Dyane Duquette,           
Canada            P.Geo., Goldex
                  Division Superintendent
                  of geology
La India, Mexico  Daniel Doucet, Ing.,      August 31, 2012
                  Corporate Director
                  of Reserve
                  Development;
Meadowbank,       Alex Proulx,              February 15, 2012
Nunavut, Canada   Meadowbank Division
                  Mine Operations Manager
Goldex, Quebec,   Dyane Duquette,           October 14, 2012
Canada            P.Geo., Goldex
                  Division Superintendent
                  of geology
Lapa, Quebec,     Richard Dubuc,            June 8, 2006
Canada            P.Geo., Lapa
                  Division Superintendent
                  of geology
Meliadine,        Dyane Duquette,           March 8, 2011
Nunavut, Canada   P.Geo., Goldex
                  Division Superintendent
                  of geology

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.











SOURCE Agnico-Eagle Mines Limited

Contact:

Investor Relations
(416) 947-1212
 
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