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/CORRECTED COPY from CNW - Agnico-Eagle Reports Fourth Quarter and Full Year 2012 Results; Record Annual Production and


/CORRECTED COPY from CNW - 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/

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

AEM (NYSE and TSX)

TORONTO, Feb. 13, 2013 /CNW/ - Agnico-Eagle Mines Limited ("Agnico-Eagle" or the "Company") (NYSE: AEM) (TSX: AEM) today reported a quarterly net income 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 would 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), which included a $907.7 million impairment loss on the Meadowbank mine.

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 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 $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 affected 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 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 
and 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 in the mine.  
Higher total cash costs were realized at Meadowbank as the mine production was 
from lower grade ore (as planned) 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 and larger contribution to overall production from the 
higher cost Meadowbank mine, partly offset  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 or will be 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 $151.8 million 
including $30.3 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 (including Creston Mascota). 
For the full year 2012, capital expenditures totaled $445.6 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.

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 production from the heap 
leach in the second quarter, with full production rates likely to be achieved 
by year end.  At LaRonde, additional cooling capacity, 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.  Furthermore, as 
LaRonde ramps up production at the deeper portion of the 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 (due to anticipated improving grades), Goldex (due to the planned 
start up in the second quarter) and La India (due to the planned 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 and Pinos Altos 
(due to anticipated improving grades) with payable gold production expected to 
exceed 1,200,000 ounces.

Estimated
Payable Gold             2013 Estimated 2014 Estimated 2015 Estimated
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                                         52,000         55,000
Mascota           51,175         32,000

La India                                        40,000         81,000

Goldex                                          49,000         85,000

Total Gold                                   1,120,000      1,207,000
Production     1,043,811        990,000
                

Total cash
costs
per ounce    2012 Actual 2013 Estimated

LaRonde             $569           $650

Lapa                 697            840

Kittila              565            660

Pinos Altos          276            300

Creston
Mascota              326            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 calculated 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 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.  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 may not be similar to methodology used 
by other gold producers that disclose all-in sustaining cost. The Company may 
change the methodology it uses to calculate all-in sustaining costs in the 
future, including in circumstances where the World Gold Council adopts formal 
industry guidelines regarding this measure.
(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 three-year production profile.  Descriptions of the major 
factors that contributed to these changes are detailed below.

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

 ____________________________________________________________________
|LaRonde|Ore Milled|Gold    |Silver  |Zinc (%),|Copper (%),|Minesite |
|2013   |('000     |(g/t),  |(g/t),  |Mill     |Mill       |Cost     |
|       |tonnes)   |Mill    |Mill    |Recovery |Recovery   |Per Tonne|
|       |          |Recovery|Recovery|         |           |(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 is expected to remain unchanged over the life of mine.

 _________________________________________________________
|Lapa             |2012            |2013   |2014   |2015  |
|Forecast         |                |       |       |      |
|_________________|________________|_______|_______|______|
|As of Feb'12 (oz)|100,000         |100,000|105,000|n.a.  |
|_________________|________________|_______|_______|______|
|Current (oz)     |106,191 (actual)|97,000 |96,000 |65,000|
|_________________|________________|_______|_______|______|

 ______________________________________________________________
|Lapa 2013|Ore Milled   |Gold (g/t)|Mill Recovery|Minesite Cost|
|         |('000 tonnes)|          |             |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, 
and could have the potential to extend the mine life at Lapa into 2016.

 ___________________________________________________________
|Kittila          |2012             |2013   |2014   |2015   |
|Forecast         |                 |       |       |       |
|_________________|_________________|_______|_______|_______|
|As of Feb'12 (oz)|155,000          |155,000|170,000|n.a.   |
|_________________|_________________|_______|_______|_______|
|Current (oz)     |175,878  (actual)|165,000|165,000|160,000|
|_________________|_________________|_______|_______|_______|

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

At Kittila, estimated production over the next three years is essentially 
unchanged from what was previously disclosed, but lower than the 175,878 
ounces produced in 2012 as gold grades 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 portions (the open pit 
portions of the mine were depleted in the fourth quarter of 2012).

The Company's Board of Directors has approved a 750 tonne per day expansion at 
Kittila, which is expected to increase the throughput capacity 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 (oz)|295,000         |305,000|310,000|n.a.   |
|_________________|________________|_______|_______|_______|
|Current (oz)     |366,030 (actual)|360,000|367,000|350,000|
|_________________|________________|_______|_______|_______|

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

At Meadowbank, the new forecast annual production is considerably higher than 
previously stated as a result of the improved operating performance achieved 
in 2012.  In particular, the Company expects throughput of approximately 
11,000 tonnes per day to be sustainable.  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 currently expected mine life 
now extends partially into 2018.  This is a slight extension of the 
previously disclosed mine life, in spite of the plan for much higher 
throughput rates, due to optimization of the mine plan largely at the Vault 
orebody. 

 __________________________________________________________
|Pinos Altos      |2012            |2013   |2014   |2015   |
|Forecast         |                |       |       |       |
|_________________|________________|_______|_______|_______|
|As of Feb'12 (oz)|149,000         |143,000|137,000|n.a.   |
|_________________|________________|_______|_______|_______|
|Current (oz)     |183,662 (actual)|159,000|136,000|161,000|
|_________________|________________|_______|_______|_______|

 _______________________________________________________________
|Pinos Altos|Total Ore    |Gold (g/t)|Silver (g/t)|Minesite Cost|
|2013       |('000 tonnes)|Recovery  |Recovery    |Per Tonne    |
|___________|_____________|__________|____________|_____________|
|           |2,570        |2.1, 89%  |64, 41%     |$47          |
|___________|_____________|__________|____________|_____________|

At Pinos Altos, the new production forecast for the three year period 
2013-2015 is higher than previously estimated, as a result of the strong 
operating performance in 2012 and higher mill throughput.  Year over year 
variances in guidance for 2013 and 2014 are attributable to mine sequence and 
ore grade.  In 2015, an increase in mill throughput is anticipated as the 
underground shaft project is expected to result in improved production.

 ______________________________________________________
|Creston Mascota  |2012           |2013  |2014  |2015  |
|Forecast         |               |      |      |      |
|_________________|_______________|______|______|______|
|As of Feb'12 (oz)|56,000         |67,000|53,000|n.a.  |
|_________________|_______________|______|______|______|
|Current (oz)     |51,175 (actual)|32,000|52,000|55,000|
|_________________|_______________|______|______|______|

 ___________________________________________________________________
|Creston Mascota|Total Ore    |Gold (g/t)|Silver (g/t)|Minesite Cost|
|2013           |('000 tonnes)|Recovery  |Recovery    |Per Tonne    |
|_______________|_____________|__________|____________|_____________|
|               |1,580        |1.3, 49%  |18, 4%      |$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.  The production forecast for 2013 reflects the expected buildup of 
inventory on the heap leach pad required before steady state is achieved.  In 
2014 and 2015, the production forecast for Creston Mascota reflects normal 
steady state operations.

 _______________________________
|La India    |2013|2014  |2015  |
|____________|____|______|______|
|Current (oz)|n.a.|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)|n.a |49,000|85,000|
|____________|____|______|______|

The Goldex mine is expected to commence 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. The Company's goal is to increase its 
dividend to shareholders, over time, on a sustainable basis.

The estimated capital expenditures for 2013 include approximately $201 million 
of sustaining capital at the mines and $357 million on new projects, as set 
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, which is expected to increase 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 $25 million expected to be spent in 2013.  The 
after-tax internal rate of return is expected to be approximately 23%. The 
expansion is expected improve unit costs and to offset a gradual reduction in 
realized grade towards the reserve grade over the next several years.
                                                           

Estimated 2013 Capital Sustaining Development Capitalized    Expensed
Expenditures                         Projects Exploration Exploration
($, 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 Capital          $596                                    
Expenditures
                                                           

Projects Not Yet Considered in Production and Capital Investment Plan

The current three year plan sets out estimated annual gold production which 
rises each year through 2015 to more than 1.2 million ounces.  However, these 
forecasts do not include the expansion and development projects set out below, 
which have not yet been approved for construction:

Kittila - Production Shaft

A study is underway that considers 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 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 and capital 
expenditures expected to be distributed over the 2013 to 2018 period. In 2014, 
the Company expects an updated study regarding building a medium sized 
operation on this multi-million ounce gold deposit, Meliadine is considered to 
be a long-term asset for the Company.

While the Meliadine 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 Meliadine, 
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)     |
|Bousquet      |178   |191   |(13)   |1.88|2.02|(0.14)     |
|______________|______|______|_______|____|____|___________|
|Subtotal      |17,556|18,750|(1,194)|3.80|3.71|0.09       |
|______________|______|______|_______|____|____|___________|
|New Reserves  |      |      |       |    |    |           |
|______________|______|______|_______|____|____|___________|
|Goldex        |349   |      |       |1.55|    |           |
|______________|______|______|_______|____|____|___________|
|La India      |776   |      |       |0.72|    |           |
|______________|______|______|_______|____|____|___________|
|Total Reserves|18,681|18,750|(69)   |3.16|    |           |
|______________|______|______|_______|____|____|___________|

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 at 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 grades and higher operating margins on extraction.  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 those 
from depletion resulting from 2012 production.  Conversely, Meadowbank 
reserves grew from conversion of resources at the Vault deposit.

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 times its annual production rate.

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 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.

The Company's measured and indicated resources now total approximately 141 
million tonnes grading 1.79 g/t, or 8.1 million ounces of gold.

The Company's inferred resources now total approximately 200 million tonnes 
grading 1.90 g/t, or 12.2 million ounces of gold.

The distribution of these resources by asset are presented in the following 
table.

December 31, 2012 Resources
                Measured &
                 Indicated   Inferred
            Resources* (Au Resources*
                      koz)   (Au koz)

LaRonde                329      1,425

Lapa                   147        201

Meadowbank             828        440

Kittila                669      2,366

Pinos Altos            878        942

La India               582      1,005

Meliadine            2,186      2,932

Goldex               1,611      1,690

Bousquet               844        740

Other                   31        420

Total                8,104     12,159

*For full details including tonnages and grade, see the Detailed Mineral 
Reserve and Resource Data table in this news release

Exploration drilling was most successful at the Meliadine project, where more 
than one million ounces of gold was discovered.  In the indicated category, 
approximately 0.5 million ounces of gold resource was added largely through 
conversion from inferred.  In addition to the ounces that were converted, 
approximately 0.5 million ounces of gold was also added in the inferred 
resource category.

Including the 2012 drilling program, Meliadine's Normeg deposit (discovered by 
Agnico-Eagle in 2012) now hosts 2.5 million tonnes grading 8.0 g/t, or 0.66 
million ounces of gold resource in the inferred category.  This deposit, 
which is approximately 100 metres from the main Tiriganiaq deposit, has the 
potential to enhance the Meliadine project economics as it continues to be 
drilled off.

At Tarachi, indicated resources now total approximately 450,000 ounces (up 
15%, or 60,000 ounces year over year) from 34.5 million tonnes grading 0.41 
g/t.  Inferred resources at Tarachi now total nearly 900,000 ounces (up 326%, 
or approximately 700,000 ounces, when compared to last year's total) from 72.0 
million tonnes grading 0.38 g/t.  Based on this ongoing drilling success, the 
Company has initiated a metallurgical testing program on Tarachi composite 
samples.

At Kittila, the Rimpi deposit, located to the north of the main Suuri deposit, 
continues to grow.  In 2012, the proven and probable reserves grew by more 
than 700,000 ounces.  The deposit now contains 6,847,474 tonnes grading 4.92 
g/t, or 1,083,712 ounces of gold.  The deposit remains open at depth.

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 potential. 
These programs could 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 $92 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 6,444 tpd versus 6,592 tpd in 2011.  The lower throughput was 
largely due to the transition to ore sourced from the lower mine, and 
previously mentioned challenges with heat  and congestion at the deeper 
levels.  These issues are expected to be largely mitigated by the 
installation of additional cooling capacity in the fourth quarter of 2013 
combined with more flexibility through advancement of the lateral development.

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 increase in costs over the prior-year period is partly due to 
fewer processed tonnes as well as general cost pressures.

Minesite costs per tonne for the full year 2012 were approximately C$95, 
approximately 13% higher than C$84 in 2011, 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 payable 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 ounces 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 3,030 tpd in the fourth quarter of 
2012 (60% to 70% of the tonnes were from underground), in line with its 3,000 
tpd design rate. In the fourth quarter of 2011, the Kittila mill processed 
2,627 tpd.

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 
improvement in Kittila's minesite cost per tonne performance compared to the 
prior period is largely due to more efficient use of contractors, higher 
autoclave availability in 2012, as well as the relatively lower cost per tonne 
associated with mining the last benches of the open pit in fourth quarter of 
2012.

For the full year 2012, the mill processed an average of 2,979 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, more efficient use of and 
prices for consumables and explosives, as well a more efficient 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.  For the full year 2012, Lapa averaged 1,749 tpd, 
compared with 1,701 tpd in 2011.  The improvements in throughput compared to 
2011 periods are a result of an improved 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.

Full-year minesite costs in 2012 were C$115 per tonne, slightly above the 
C$110 achieved in 2011.  Considering the general cost pressures in the 
industry, the mine demonstrated good cost control at the site.

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 (mainly the 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 5,121 tpd in the fourth quarter 
of 2012.  This compares favourably with 4,925 tpd in the fourth quarter of 
2011, and well above the mill's initial design capacity of 4,000 tpd.

Payable production in the fourth quarter of 2012 was 52,492 ounces of gold 
(including 3,560 ounces of residual production from the temporarily suspended 
Creston Mascota mine) at total cash costs per ounce of $295.  This compares 
with production of 52,574 ounces of gold at total cash costs per ounce of $292 
in the fourth quarter of 2011 (including 12,471 gold ounces from Creston 
Mascota).

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.  Gold production was higher in 2012 largely due to higher higher gold 
grades at both the heap leach and in the mill.  Pinos Altos also benefitted 
from a 25% increase in silver grades in 2012, as well as improved throughput 
compared to 2011.

Minesite costs per tonne at Pinos Altos (including Creston Mascota) 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 fourth quarter of 2012, as well as significantly fewer lower-cost heap 
leach tonnes being processed at Pinos Altos 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 
(including Creston Mascota) 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.  The Company believes this level of throughput 
is sustainable.  Since the June 2011 startup of the permanent secondary 
crusher, the initial 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 and overall productivity gains.

Payable production in the fourth quarter of 2012 was 77,238 ounces of gold at 
total cash costs 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 in the 
fourth quarter (only 79% of the full year 2012 average grade), 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 to be between $70 
- $75 million, net of stock option expense.  The stock option expense (which 
is a non-cash expesne) has averaged approximately $40 million over the past 3 
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 M5H 2M9

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 United States 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   61,533       67,111     297,722      232,715
  2)

  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 and mine   72,680       73,513     271,861      261,781
development

Impairment loss on              -      907,681           -      907,681
Meadowbank mine

Loss on Goldex mine             -        4,710           -      302,893

Corporate and other        36,232       92,204     313,000      251,994

Income (loss) before       98,108    (850,172)     435,141    (778,628)
income and mining taxes 

Income and mining taxes    15,338    (248,742)     124,225    (209,673)

Net income (loss) for     $82,770   ($601,430)    $310,916   ($568,955)
the period 

Attributed to                  $0        ($60)          $0        ($60)
non-controlling interest

Attributed to common      $82,770   ($601,370)    $310,916   ($568,895)
shareholders

Net income (loss) per       $0.48      ($3.53)       $1.82      ($3.36)
share - basic 
                                                              

Cash provided by         $105,964     $132,028    $696,007     $667,185
operating 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        1,196        1,311       4,646        5,080
  ounces)

  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        1,167        1,429       4,555        5,089
  ounces)

  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     $295         $292        $286         $299
  2) 

  Meadowbank mine          $1,200       $1,088        $913       $1,000

  Weighted average total     $769         $671        $640         $580
  cash 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.

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               69,695                   57,528
    bars    
    Supplies                           222,630                  182,389

  Income taxes recoverable              19,313                      371
     

  Available-for-sale                    44,719                  145,411
  securities    

  Fair value of derivative               1,835                        -
  financial 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 4,067,456 3,895,355 development

$ 5,255,842 $ 5,034,262

LIABILITIES AND SHAREHOLDERS' EQUITY

Current

Accounts payable and $ 185,329 $ 203,547 accrued liabilities

Environmental remediation 16,816 26,069 liability

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 - 4,404 financial instruments

Total current liabilities 276,668 254,444

Long-term debt 830,000 920,095

Reclamation provision and 127,735 145,988 other liabilities

Deferred income and mining 611,227 498,572 tax 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 (27,311) (7,106) comprehensive loss

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       $ 449,383    $   455,503    $ 1,917,714    $ 1,821,799
mining operations

Interest and            1,487        (2,137)            847        (1,505)
sundry 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              -          4,710              -        302,893
mine

Foreign currency      (4,453)          3,560         16,320        (1,082)
translation (gain)                                           
loss 

Income (loss)          98,108      (850,172)        435,141      (778,628)
before 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       $  82,770    $ (601,370)    $   310,916    $         
common                                                           (568,895)
shareholders
                                                                          

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
(in thousands)              

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)     $  82,770    $              $ 310,916    $  (568,955)
for 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        25,358      (228,339)       72,145       (275,773)
  and 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              -          4,710            -         302,893
  mine
         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 31,  December 31,  December 31,  December 31,
               2012          2011          2012          2011
                                                          

Total
Production
costs per           $242,363      $227,567      $897,712      $876,078
Consolidated
Statements of
Income 
                                                                      

Attributable          58,106        52,480       225,647       209,947
to LaRonde

Attributable               -         7,679             -        56,939
to Goldex

Attributable          19,482        16,834        73,376        68,599
to Lapa

Attributable          25,406        28,602        98,037       110,477
to Kittila

Attributable
to Pinos Altos        33,606        36,541       146,503       145,614
((i))

Attributable          99,324        85,431       347,710       284,502
to 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           $58,106       $52,480      $225,647      $209,947
costs 

Adjustments:                                                          

  Byproduct         (29,214)      (34,299)     (131,750)     (194,000)
  revenues 

  Inventory
  and other            (367)       (5,125)           107       (2,309)
  adjustments(
  (ii)) 

  Non-cash
  reclamation          (611)       (1,546)       (2,422)       (4,062)
  provision 

Cash operating       $27,914       $11,510       $91,582        $9,576
costs 

Gold
production            36,911        30,686       160,875       124,173
(ounces) 

Total cash
costs ($                $756          $375          $569           $77
per ounce)(
(iii)) 
    Goldex 
               Three months  Three months
                                            Year ended    Year ended 
                   ended         ended
                December 31,  December 31,  December 31,  December 31,
               2012          2011          2012          2011

Production                 -        $7,679             -       $56,939
costs 

Adjustments:                                                          

  Byproduct                -           269             -           395
  revenues 

  Inventory
  and other                -       (2,836)             -       (2,778)
  adjustments(
  (ii)) 

  Non-cash
  reclamation              -          (36)             -         (173)
  provision 

Cash operating             -        $5,076             -       $54,383
costs 

Gold
production                 -        14,756             -       135,478
(ounces) 

Total cash
costs ($                   -          $344             -          $401
per ounce)(
(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           $19,482       $16,834       $73,376       $68,599
costs 

Adjustments:                                                          

  Byproduct              167           349           513           663
  revenues 

  Inventory
  and other          (1,365)           283          (71)           631
  adjustments(
  (ii)) 

  Non-cash
  reclamation           (15)         (312)           191         (348)
  provision 

Cash operating       $18,269       $17,154       $74,009       $69,545
costs 

Gold
production            24,621        23,721       106,191       107,068
(ounces) 

Total cash
costs ($                $742          $723          $697          $650
per ounce)(
(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           $25,406       $28,602       $98,037      $110,477
costs 

Adjustments:                                                          

  Byproduct               65            38           391           152
  revenues

  Inventory
  and other              432       (2,648)         1,564       (1,267)
  adjustments(
  (ii)) 

  Non-cash
  reclamation          (148)          (66)         (551)         (206)
  provision 

  Stripping
  (capitalized             -             -             -       (3,018)
  vs expensed)
  ((iv)) 

Cash operating       $25,755       $25,926       $99,441      $106,138
costs 

Gold
production            45,273        34,508       175,878       143,560
(ounces) 

Total cash
costs ($                $569          $751          $565          $739
per ounce)(
(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           $33,602       $36,541      $146,499      $145,614
costs 

Adjustments:                                                          

  Byproduct         (19,006)      (13,559)      (69,478)      (60,653)
  revenues 

  Inventory
  and other            2,192       (1,779)         2,658         1,871
  adjustments(
  (ii)) 

  Non-cash
  reclamation           (51)         (386)         (764)       (1,372)
  provision 

  Stripping
  (capitalized       (2,291)       (5,472)      (12,762)      (24,260)
  vs expensed)
  ((iv)) 

Cash operating       $14,450       $15,345       $66,157       $61,200
costs 

Gold
production            48,932        52,574       231,277       204,380
(ounces) 

Total cash
costs ($                $295          $292          $286          $299
per ounce)(
(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           $99,324       $85,431      $347,710      $284,502
costs 

Adjustments:                                                          

  Byproduct              (6)           718       (1,651)         (546)
  revenues

  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       (8,341)         (606)      (14,806)       (9,746)
  vs expensed)
  ((iv))

Cash operating       $92,655       $77,868      $334,224      $270,861
costs 

Gold
production            77,238        71,547       366,030       270,801
(ounces) 

Total cash
costs ($              $1,200        $1,088          $913        $1,000
per ounce)(
(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           $58,106       $52,480      $225,647      $209,947
costs

Adjustments:                                              

Inventory
adjustments(           (282)       (2,195)           984          (22)
(v)) 

Non-cash
reclamation            (610)       (1,546)       (2,421)       (4,062)
provision 

Minesite
operating            $57,214       $48,739      $224,210      $205,863
costs

Minesite
operating            $57,280       $49,372      $225,159      $202,957
costs (C$) 

Tonnes of ore            587           622         2,359         2,406
milled (000s)

Minesite costs
per tonne (C$)           $98           $79           $95           $84
((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                 -        $7,679             -       $56,939
costs

Adjustments:                                              

Inventory
adjustments(               -       (2,836)             -       (2,407)
(v)) 

Non-cash
reclamation                -          (36)             -         (173)
provision 

Minesite
operating                  -        $4,807             -       $54,359
costs

Minesite
operating                  -        $4,903             -       $53,208
costs (C$) 

Tonnes of ore              -           237             -         2,477
milled (000s)

Minesite costs
per tonne (C$)             -           $21             -           $21
((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           $19,482       $16,834       $73,376       $68,599
costs

Adjustments:                                              

Inventory
adjustments(         (1,343)           394            54         1,071
(v)) 

Non-cash
reclamation             (15)         (312)           191         (348)
provision 

Minesite
operating            $18,124       $16,916       $73,621       $69,322
costs

Minesite
operating            $18,142       $17,152       $73,813       $68,403
costs (C$) 

Tonnes of ore            161           148           641           621
milled (000s)

Minesite costs
per tonne (C$)          $113          $117          $115          $110
((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           $25,406       $28,602       $98,037      $110,477
costs

Adjustments:                                              

Inventory
adjustments(             432       (2,705)         1,569       (1,324)
(v)) 

Non-cash
reclamation            (148)          (66)         (551)         (206)
provision

Stripping
(capitalized               -             -             -       (3,018)
vs expensed)(
(iv))

Minesite
operating            $25,690       $25,831       $99,055      $105,929
costs

Minesite             €       €       €       €
operating             19,148        19,383        75,305        76,817
costs (EUR) 

Tonnes of ore            279           242         1,090         1,031
milled (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           $33,606       $36,541      $146,503      $145,614
costs

Adjustments:                                              

Inventory
adjustments(           2,248       (1,704)         2,755         (169)
(v)) 

Non-cash
reclamation             (51)         (386)         (764)       (1,372)
provision 

Stripping
(capitalized         (2,291)       (5,472)      (12,762)      (24,260)
vs expensed)(
(iv))

Minesite
operating            $33,512       $28,979      $135,732      $119,813
costs

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           $99,324       $85,431      $347,710      $284,502
costs

Adjustments:                                              

Inventory
adjustments(           1,806       (6,773)         4,407           253
(v)) 

Non-cash
reclamation            (406)         (414)       (1,610)       (1,679)
provision 

Stripping
(capitalized         (8,341)         (606)      (14,806)       (9,746)
vs expensed)(
(iv))

Minesite
operating            $92,383       $77,638      $335,701      $273,330
costs

Minesite
operating            $92,471       $79,643      $336,431      $272,157
costs (C$) 

Tonnes of ore          1,030           816         3,821         2,978
milled (000s)

Minesite costs
per tonne (C$)           $90           $98           $88           $91
((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 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 exchange rates.

(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)

 _____________________________________________________________________
|                      |Au   |Ag   |Cu  |Zn  |Pb  |Au        |Tonnes  |
|Category and Operation|(g/t)|(g/t)|(%) |(%) |(%) |(000s oz.)|(000s)  |
|______________________|_____|_____|____|____|____|__________|________|
|Proven Mineral Reserve                                               |
|_____________________________________________________________________|
|Goldex (underground)  | 1.70|     |    |    |    |         3|      59|
|______________________|_____|_____|____|____|____|__________|________|
|  Kittila (open pit)  | 4.30|     |    |    |    |        38|     272|
|______________________|_____|_____|____|____|____|__________|________|
|  Kittila             | 4.66|     |    |    |    |       178|   1,189|
|(underground)         |     |     |    |    |    |          |        |
|______________________|_____|_____|____|____|____|__________|________|
|Kittila total proven  | 4.59|     |    |    |    |       216|   1,461|
|______________________|_____|_____|____|____|____|__________|________|
|Lapa (underground)    | 6.25|     |    |    |    |       227|   1,129|
|______________________|_____|_____|____|____|____|__________|________|
|LaRonde (underground) | 2.96|30.81|0.30|1.06|0.12|       602|   6,323|
|______________________|_____|_____|____|____|____|__________|________|
|Meadowbank (open pit) | 1.56|     |    |    |    |        88|   1,764|
|______________________|_____|_____|____|____|____|__________|________|
|  Pinos Altos (open   | 0.93|19.45|    |    |    |        14|     457|
|pit)                  |     |     |    |    |    |          |        |
|______________________|_____|_____|____|____|____|__________|________|
|  Pinos Altos         | 2.82|92.14|    |    |    |       237|   2,610|
|(underground)         |     |     |    |    |    |          |        |
|______________________|_____|_____|____|____|____|__________|________|
|Pinos Altos total     | 2.54|81.31|    |    |    |       250|   3,067|
|proven                |     |     |    |    |    |          |        |
|______________________|_____|_____|____|____|____|__________|________|
|Meliadine (open pit)  | 7.31|     |    |    |    |         8|      34|
|______________________|_____|_____|____|____|____|__________|________|
|Subtotal Proven       | 3.13|     |    |    |    |     1,394|  13,836|
|Mineral Reserve       |     |     |    |    |    |          |        |
|______________________|_____|_____|____|____|____|__________|________|
|                                                                     |
|_____________________________________________________________________|
|Probable Mineral Reserve                                             |
|_____________________________________________________________________|
|Bousquet (open pit)   | 1.88|     |    |    |    |       178|   2,943|
|______________________|_____|_____|____|____|____|__________|________|
|Goldex (underground)  | 1.55|     |    |    |    |       346|   6,936|
|______________________|_____|_____|____|____|____|__________|________|
|  Kittila (open pit)  | 3.51|     |    |    |    |        21|     182|
|______________________|_____|_____|____|____|____|__________|________|
|  Kittila             | 4.49|     |    |    |    |     4,547|  31,480|
|(underground)         |     |     |    |    |    |          |        |
|______________________|_____|_____|____|____|____|__________|________|
|Kittila total probable| 4.49|     |    |    |    |     4,567|  31,662|
|______________________|_____|_____|____|____|____|__________|________|
|Lapa (underground)    | 5.58|     |    |    |    |       168|     939|
|______________________|_____|_____|____|____|____|__________|________|
|LaRonde (underground) | 4.99|20.54|0.24|0.68|0.05|     3,604|  22,462|
|______________________|_____|_____|____|____|____|__________|________|
|Meadowbank (open pit) | 2.91|     |    |    |    |     2,206|  23,560|
|______________________|_____|_____|____|____|____|__________|________|
|  Meliadine (open pit)| 5.85|     |    |    |    |       973|   5,172|
|______________________|_____|_____|____|____|____|__________|________|
|  Meliadine           | 7.71|     |    |    |    |     2,006|   8,094|
|(underground)         |     |     |    |    |    |          |        |
|______________________|_____|_____|____|____|____|__________|________|
|Meliadine total       | 6.98|     |    |    |    |     2,979|  13,266|
|probable              |     |     |    |    |    |          |        |
|______________________|_____|_____|____|____|____|__________|________|
|  Pinos Altos (open   | 1.75|37.43|    |    |    |       884|  15,692|
|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 (ppen 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 cash 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, Quebec, Canada|Blanchet Ing.,           |                 |
|                         |LaRonde Division         |                 |
|                         |Superintendent of geology|                 |
|_________________________|_________________________|_________________|
|Kittila, Kuotko          |Daniel Doucet, Ing.,     |March 4, 2010    |
|and Kylmakangas, Finland |Corporate Director of    |                 |
|                         |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, Nunavut,      |Dyane Duquette,          |March 8, 2011    |
|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.

 

 

 

Investor Relations  (416) 947-1212

SOURCE: Agnico-Eagle Mines Limited

To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/February2013/13/c5245.html

CO: Agnico-Eagle Mines Limited
ST: Ontario
NI: MNG ERN CONF 

-0- Feb/14/2013 01:28 GMT

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