Agnico-Eagle reports first quarter 2013 operating and financial results - Goldex and La India expected to commence production

  Agnico-Eagle reports first quarter 2013 operating and financial results -
    Goldex and La India expected to commence production ahead of schedule

PR Newswire

TORONTO, April 25, 2013

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

Stock Symbol: AEM (NYSE and TSX)

TORONTO, April 25, 2013 /PRNewswire/ - Agnico-Eagle Mines Limited (NYSE:AEM,
TSX:AEM) ("Agnico-Eagle" or the "Company") today reported quarterly net income
of $23.9 million, or $0.14 per share for the first quarter of 2013. This
result includes a non-cash foreign currency translation loss of $3.7 million
($0.02 per share), non-cash stock option expense of $11.2 million ($0.07 per
share), non-cash impairment loss on available for sale securities of $11.0
million ($0.06 per share) and other non-recurring expense of $3.9 million
($0.02 per share). Excluding these items would result in adjusted net income
of $53.6 million, or $0.31 per share. In the first quarter of 2012, the
Company reported net income of $78.5 million, or $0.46 per share.

First quarter 2013 cash  provided by operating  activities was $146.1  million 
($134.5 million before  changes in  non-cash components  of working  capital), 
compared to cash   provided by operating activities  of $196.5 million in  the 
first quarter of 2012 ($181.3 million before changes in non-cash components of
working capital).

The lower net  income and cash  provided by operating  activities in 2013  was 
primarily due to lower  gold prices and production  combined with higher  cash 
costs when compared to the first quarter of 2012.

"This year is  a building year  for Agnico-Eagle  as we prepare  to bring  two 
mines into production over the next  several quarters. In the first  quarter, 
our operations performed in line with  expectations and we remain on track  to 
achieve our  2013 production  guidance" said  Sean Boyd,  President and  Chief 
Executive Officer. "We are also pleased to announce that the expected startups
at Goldex and La India are ahead  of schedule. Goldex is expected to  commence 
production in the fourth quarter of 2013, while La India is scheduled to be in
commercial production  in the  first quarter  of 2014.  These two  mines  are 
expected to  make a  meaningful  contribution to  the  growth profile  of  the 
Company", added Mr. Boyd.

Operating highlights include:

  *First quarter 2013 production and costs in line with expectations
  *Goldex initial production expected in fourth quarter 2013, ahead of
    schedule and on budget - Estimated to contribute approximately 15,000
    ounces of gold in 2013
  *La India anticipated to start commissioning by year-end 2013, ahead of
    schedule - Construction proceeding well and on budget
  *Creston Mascota Phase Two leach pad now on line - leaching resumed at
    Creston Mascota in March 2013, approximately one month ahead of schedule
  *Record quarterly throughput at Meadowbank - the mill processed a record
    daily average of 11,320 tonnes during the first quarter.
  *Scheduled mill maintenance at Kittila expected to take longer than planned
    - relining of autoclave expected to be complete in late June. Estimated
    production impact is approximately 10,000 - 15,000 fewer ounces of gold in
    2013.
  *Total cash cost per ounce^1 guidance for 2013 revised upward to reflect
    current commodity prices and exchange rates - expected 2013 total cash
    costs to be between $735 and $785 per ounce

Payable gold production^2  in the  first quarter  of 2013  was 236,975  ounces 
compared to 254,955 ounces in the first quarter of 2012. The lower level  of 
production in the 2013  period was primarily due  to the Creston Mascota  heap 
leach being  suspended during  most  of the  quarter.  A description  of  the 
production and cost performance for each mine is set out further below.

Total cash costs  for the first  quarter of  2013 were $740  per ounce.  This 
compares with $594 per ounce in the first quarter of 2012. The higher cost in
2013 was largely  attributable to  lower byproduct revenue  at LaRonde,  lower 
grades at Meadowbank  and a  lack of production  from the  lower cost  Creston 
Mascota mine.

Agnico-Eagle's production guidance  for 2013 remains  unchanged at 970,000  to 
1,010,000 ounces of gold, as the expected 15,000 ounce production from  Goldex 
offsets anticipated production decrease  at Kittila related  to a longer  than 
anticipated maintenance shutdown. The Company's cash cost estimates have been
revised to reflect the  production changes at Goldex  and Kittila, as well  as 
changes in commodity  and currency  price assumptions since  the beginning  of 
2013. New and old  input assumptions and a  reconciliation of the total  cash 
cost estimates are provided below:

                                                             
Commodity and currency price assumptions  Feb 13, 2013   Apr 25, 2013
                                           press release   press release
                                                             
Silver price per ounce                         $34            $25
Copper price per metric tonne                $7,500         $7,000
Zinc price per metric tonne                  $2,000         $1,900
CAD per USD                                   1.00           1.03
USD per EURO                                  1.30           1.29
MXP per USD                                   13.00          12.25
                                                             
                                                             

                                                                            
Reconciliation of total cash costs estimates                                 
                                                                            
2013 Total Cash Cost Per Ounce Estimate (as per Feb 13, 2013     $ 700 - $ 750
release)
                                                                            
Change in Silver price assumptions                                        $ 29
Change in Copper price assumptions                                         $ 4
Change in Zinc price assumptions                                           $ 4
Change in CAD per USD assumptions                                        ($19)
Change in USD per EURO assumptions                                        ($1)
Change in MXP per USD assumptions                                           $3
Changes in Kittila production estimates                                    $10
Introduction of Goldex into total production profile                        $5
                                                                            
Revised 2013 Total Cash Cost Per Ounce Estimate                  $ 735 - $ 785

As noted in the  year-end 2012 results (see  February 13, 2013 news  release), 
the 2013 production is expected  to be higher in the  second half of the  year 
due to resumption of  production at Kittila,  increased production at  Creston 
Mascota, the ongoing ramp up of production at LaRonde, higher expected  grades 
at Meadowbank, and the start of production at Goldex. For the full year  2013, 
the all-in sustaining costs^3 are now expected to be approximately $1,110  per 
ounce at current metals prices and exchange rates.

First Quarter 2013 Results Conference Call and Webcast Tomorrow

The Company's senior management will host  a conference call on Friday,  April 
26, 2013  at 9:00  AM (E.D.T.)  to discuss  financial results  and provide  an 
update of the Company's operating activities.

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

Via Telephone:
For those  preferring to  listen  by telephone,  please dial  416-644-3414  or 
Toll-free  1-800-814-4859.  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 Toll-free 1-877-289-8525, access code 4568953#.
The conference call replay will expire on May 26, 2013.

The webcast along with presentation slides will  be archived for 180 days   on 
the website.

Annual and Special General Meeting ("AGM")

The AGM will begin on Friday, April 26, 2013 at 11:00am (E.D.T). The  meeting 
will be held at the Sheraton  Centre Hotel (Dominion Ballroom) located at  123 
Queen Street West,  Toronto, ON. For  those unable to  attend in person,  the 
meeting will be accessible on the internet or by telephone, as set out below.

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

Via Telephone:
For those  preferring to  listen  by telephone,  please dial  416-644-3415  or 
Toll-free  1-877-974-0445.  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 Toll-free 1-877-289-8525, access code 4611168#.
The AGM conference call replay will expire on June 26, 2013.

The AGM webcast along with presentation  slides will be archived for 180  days 
on the website.

Cash Position Remains Strong

Cash and cash equivalents  totaled $264 million at  March 31, 2013, down  from 
the December  31, 2012  balance of  $332  million. The  decline in  the  cash 
balance is largely due  to lower metal prices  and repayment of the  Company's 
bank credit  facility. The  outstanding  balance on  the credit  facility  was 
reduced from $30 million at December 31, 2012 to nil at March 31, 2013.

Capital expenditures in the first quarter of 2013 were $131 million, including
$25 million at LaRonde, $18 million  at Meadowbank, $7 million at Kittila,  $7 
million at  Pinos  Altos,  $5 million  at  Lapa,  and $2  million  at  Creston 
Mascota. Capital expenditures at development projects included $37 million at
La India, $17 million at Goldex, and $12 million at Meliadine.

In 2013, capital expenditures are now expected to be $621 million,  reflecting 
an accelerated schedule  at both Goldex  and La India.  The increases in  the 
capital expenditures budget include $27 million at La India and $5 million  at 
Goldex that were previously  budgeted for 2014,  as well as  a decrease of  $7 
million reflecting changes in foreign exchange rates. The previous estimate of
2013 capital  expenditures  was $596  million  (see February  13,  2013  press 
release).

With its  current 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 approved gold  projects 
in Canada, Finland and Mexico.

Available bank lines as of March 31, 2013 were approximately $1.2 billion.

LaRonde - Work on Cooling Plant Continues as Planned

The 100% owned LaRonde mine in northwestern Quebec, Canada, began operation in
1988. Current mine life is estimated to be through 2026.

The LaRonde mill processed an average of  6,603 tonnes per day ("tpd") in  the 
first quarter  of  2013,  compared  with  an  average  of  7,087  tpd  in  the 
corresponding period of 2012. The lower mill throughput in the current period
was largely due to heat and congestion challenges as the deeper levels of  the 
mine continue  to  be  developed. Increased  ventilation  and  cooling  plant 
infrastructure are expected  to be installed  in the fourth  quarter of  2013, 
which should provide additional mining  flexibility. In the first quarter  of 
2013, approximately 60% of the ore milled came from the deeper portion of  the 
LaRonde mine.  The proportion  of  production from  the  deeper mine  ore  is 
expected to increase  over the course  of the  year as two  higher grade  deep 
pyramids are  mined. The  mined grade  is expected  to continue  to  increase 
towards the average reserve grade over the next several years.

Minesite costs per tonne^4 were on  budget at approximately C$98 in the  first 
quarter of 2013. These costs are  higher than the C$90 per tonne  experienced 
in the first quarter  of 2012. The  increase in costs is  largely due to  the 
continued transition to mining the deeper ore at LaRonde.

On a per ounce basis, net of byproduct credits, LaRonde's total cash costs per
ounce were $718 in the first quarter of 2013 on production of 39,073 ounces of
gold. This compares with the first quarter of 2012 when total cash costs  per 
ounce were $216 on production of 43,281 ounces of gold. The increase in total
cash costs was  mainly due to  lower byproduct metal  production (as the  mine 
transitions to more gold-rich ore at  depth) and minesite costs per tonne,  as 
previously mentioned. Silver, copper and zinc production in the first quarter
of 2013  was 11%,  18% and  37%  lower, respectively,  compared to  the  first 
quarter of 2012.

After 2013, LaRonde is  expected to ramp up  production over the next  several 
years to an average  life of mine  production of more  than 300,000 ounces  of 
gold per year,  reflecting the  higher gold grades  expected at  depth. As  a 
result of the higher  grades, the value  of the ore  expected to be  processed 
over LaRonde's remaining  15-year life  is approximately 50%  higher than  the 
value of the ore mined in 2012 (assuming the same metals prices).

Lapa - Continued Steady Performance

The 100% owned Lapa mine in northwestern Quebec achieved commercial production
in May 2009. Current mine life is estimated to be through 2015.

The Lapa circuit at the LaRonde mill processed an average of 1,778 tpd in  the 
first quarter of  2013. This compares  with an  average of 1,738  tpd in  the 
first quarter of 2012.

Minesite costs per tonne were C$115 in the first quarter of 2013, compared  to 
C$120 in the first quarter of 2012.  The lower minesite cost this quarter  is 
due  to  improved  maintenance  and  equipment  availability,  slightly  lower 
development costs and lower  milling costs versus  the comparable period  last 
year.

Payable production in the first quarter of  2013 was 26,868 ounces of gold  at 
total cash costs per ounce of $680.  This compares with the first quarter  of 
2012, when production was 28,499 ounces of  gold at total cash cost per  ounce 
of $664. In the  current period, the decrease  in gold production and  higher 
total cash costs per ounce are generally  due to the processing of lower  gold 
grades compared to the same quarter last year.

Kittila Mine - Scheduled Mill Maintenance Extended

The 100% owned Kittila mine in northern Finland achieved commercial production
in May 2009. Current mine life is estimated to be through 2044.

The Kittila mill processed an average of approximately 2,966 tpd in the  first 
quarter of 2013.  In the first  quarter of 2012,  the Kittila mill  processed 
3,180 tpd. Throughput for the 2013 period was lower due to a slight  increase 
of scheduled maintenance time compared to the prior year period.

Minesite costs  per tonne  at  Kittila were  approximately  €77 in  the  first 
quarter of 2013, below budget, compared to €67 in the first quarter of  2012. 
The increase  in  budgeted minesite  costs  is largely  due  to the  mine  now 
processing ore entirely from the relatively higher cost underground areas (the
open pit areas were depleted in the fourth quarter of 2012).

First quarter 2013 gold production at  Kittila was 43,145 ounces with a  total 
cash cost per ounce of $624. In  the first quarter of 2012 the mine  produced 
46,758 ounces at total cash costs per ounce of $565. Kittila achieved  record 
quarterly gold recoveries of 91.6% in the quarter. Lower production and higher
costs in the 2013 period were largely the result of slightly lower  throughput 
and grades, and higher minesite costs compared to the first quarter of 2012.

During the second quarter of 2013, the Kittila mill was scheduled to undergo a
planned 40-day maintenance  shutdown. Upon  commencement of  the shutdown,  a 
comprehensive  assessment  of   the  autoclave   determined  that   additional 
maintenance was required, including a  complete relining of all layers  inside 
the autoclave. As  a result, the  autoclave is expected  to resume  operation 
late in the second quarter. The Company estimates that the extended  shutdown 
will result in a reduction of approximately 10,000 - 15,000 ounces of gold  in 
2013. The impact of the shutdown on  total cash costs per pounce is  expected 
to be approximately $10 per ounce, as disclosed above.

In February  2013,  the  Company's  Board of  Directors  approved  a  750  tpd 
expansion at Kittila, which is expected  to increase the capacity at the  mine 
to 3,750 tpd starting in  the second half of  2015. The total expenditure  on 
the project is estimated to  be about $103 million  over a three year  period, 
with $25 million  expected to  be spent in  2013. To  date, the  Engineering, 
Procurement, and Construction Management  contract has been awarded,  detailed 
engineering has commenced and the procurement of long lead items is  underway. 
The expansion is expected to reduce total  cash costs per ounce and to  offset 
the production impact  of a gradual  reduction in realized  grade towards  the 
reserve grade over the next several years.

Given the  recent exploration  success  at Kittila  (especially on  the  Rimpi 
zone), a study is underway that  is evaluating the possible installation of  a 
production shaft  and  second  autoclave at  Kittila.  These  facilities  are 
anticipated to result in operating  flexibility and costs savings and  sustain 
long-term  production  at  higher  throughput  levels  from  multiple   zones, 
especially at depths below 700 metres.  Results of this study are expected  to 
be available in 2014.

Pinos Altos - Creston Mascota Leaching Resumes Ahead of Schedule

The 100%  owned  Pinos  Altos  mine in  northern  Mexico  achieved  commercial 
production in November 2009. Current mine  life is estimated to be  through 
2029.

The Pinos Altos mill processed an average of 5,250 tpd in the first quarter of
2013. This compares with 4,967 tonnes per day processed in the first  quarter 
of 2012. The increase is largely due to higher mechanical availability.

Approximately 484,000  tonnes of  ore  were stacked  on  the Pinos  Altos  and 
Creston Mascota leach  pads during the  first quarter of  2013. In the  first 
quarter of 2012, approximately 782,000 tonnes were stacked on the leach pads.
The decrease in tonnes stacked was mainly a result of the temporary suspension
of activities at the Creston Mascota mine. Leaching resumed on the Phase 2 pad
at Creston Mascota in March 2013,  which was approximately one month ahead  of 
schedule. A gradual ramp-up of production  at Creston Mascota is expected  to 
occur over the course of the year.

Minesite costs per tonne at Pinos  Altos (excluding Creston Mascota) were  $41 
in the first quarter of 2013, compared  to $37 in the first quarter of  2012. 
The slight increase in minesite costs per tonne over the prior year period  is 
primarily due to a higher proportion of milled ore in the 2013 period.

Payable production in  the first  quarter of 2013  was 46,071  ounces of  gold 
(including 1,907 ounces from Creston Mascota) at total cash costs per ounce of
$300^5. This  compares  with production  of  57,016 ounces  (including  13,724 
ounces from Creston Mascota) at a total cash cost of $278 in the first quarter
of 2012.

The higher production and  lower cash cost  per ounce in  the 2012 period  was 
largely due to the full quarter  contribution from Creston Mascota and  higher 
silver prices compared to the 2013 period.

The Pinos Altos shaft sinking  project achieved several milestones during  the 
quarter including the completion of the raise bore pilot hole, concrete  pours 
for the head  frame, and the  initial mobilization of  the contractor and  the 
first blasts in the shaft.

This project will allow better matching  of the mill capacity with the  future 
mining capacity at Pinos  Altos when the open  pit mining operation begins  to 
wind down as planned in the next several years.

Meadowbank - Record Quarterly Mill Throughput

The 100% owned Meadowbank  mine is located in  Nunavut, Canada. Current  mine 
life is estimated to be through 2018.

The Meadowbank mill processed an average of 11,320 tpd in the first quarter of
2013. This compares with 9,748 tpd in the first quarter of 2012. The  higher 
throughput, period  over  period,  is  largely due  to  the  continued  strong 
operating performance  of  the  permanent secondary  crushing  unit  that  was 
commissioned in July  2011. The secondary  crusher has consistently  exceeded 
the initial design rate of 8,500 tpd since startup.

Minesite costs per tonne were C$87 in the first quarter of 2013, compared with
C$92 per tonne  in the first  quarter of 2012.  Costs are lower  in the  2013 
period due to more tonnes  of ore processed in  2013 versus 2012, and  overall 
improved productivity.

Payable production in the first quarter of  2013 was 81,818 ounces of gold  at 
total cash costs per ounce of  $1,069. This compares with payable  production 
in the first quarter of 2012 of 79,401 ounces of gold at total cash costs  per 
ounce of $1,020. The improvement in  production in the first quarter of  2013 
was largely due to increased throughput,  which was partly offset by  slightly 
lower grades and recoveries.Costs for the current period increased mainly due
to mining and processing of lower grade ore.

Production at Meadowbank is expected to be  higher in the second half of  2013 
based on higher anticipated grades.

Goldex Mine - Expected To Commence Production In Fourth Quarter 2013

The 100% owned Goldex mine in northwestern Quebec began operation in 2008  but 
mining in the original GEZ orebody was suspended in October 2011 (see  October 
19, 2011 press release). In 2012, the  M and E satellite zones were  approved 
for construction, while the GEZ remains suspended.

Development activities at the mine have advanced ahead of schedule,  resulting 
in anticipated  commencement of  production  in the  fourth quarter  of  2013, 
approximately two  quarters  ahead  of previous  estimates.  Gold  production 
during 2013 is expected to be  approximately 15,000 ounces at relatively  high 
total cash costs of approximately $1,130 per ounce, reflecting the startup  of 
production.

Underground development is  ongoing, and  construction of the  paste plant  is 
proceeding as planned with about half of the main structure completed.  Given 
the advanced ramp up,  approximately $5 million  of capital expenditures  that 
were previously  planned for  2014  have been  included  in the  revised  2013 
capital budget.

In addition, drilling and technical studies are underway on a number of  other 
satellite zones at the mine, with results expected by the end of 2013.

La India - Development on Budget and Ahead of Schedule; Commissioning to start
by year-end 2013

The La India project in Sonora, Mexico, was acquired in November 2011.  Given 
the steady progress being made during the mine construction phase, the Company
now anticipates commissioning  La India late  in the fourth  quarter of  2013, 
with commercial production  anticipated in the  first quarter 2014.  Previous 
guidance had suggested start up in the second quarter of 2014.

With the advancement of expected  commissioning, approximately $27 million  of 
capital costs have been brought into the 2013 budget from planned expenditures
in 2014.

Results from  infill  drilling  on  the La  India  and  Main  zones  indicated 
conformity with the current block  models. Metallurgical testing continues  on 
the La India  sulphides and  Tarachi ores,  with results  expected later  this 
year.

Meliadine - Permitting Continues and Road Construction Progressing Well

Located near Rankin Inlet, Nunavut, Canada, the Meliadine project was acquired
in July 2010, and is one of  Agnico-Eagle's largest gold projects in terms  of 
resources.  Approximately $90  million is expected to  be spent on  Meliadine 
exploration, permitting and  infrastructure in  2013. The main  focus of  the 
exploration program is  resource to  reserve conversion drilling  on the  main 
deposit areas, which  will be  reflected in  an updated  technical study  that 
should be completed in the second quarter of 2014.

Permitting activities are on-going with  first production anticipated in  2018 
and capital expenditures  expected to  be distributed  over the  2013 to  2018 
period, subject to board approval and prevailing market conditions.

Construction is  continuing  on  the permanent  all-season  road  linking  the 
project with the community of Rankin Inlet, 24 kilometres away. The road  was 
connected to  the  Meliadine  camp  in March  and  is  functional,  with  full 
completion expected later this summer.

Investment Activity - Re-aligning The Equity Portfolio

Consistent   with    the   long    standing   approach    of   investing    in 
development/exploration stage companies, Agnico-Eagle has made several  recent 
equity  investments.In  all  cases,  Agnico-Eagle  acquired  the  shares  for 
investment purposes. These  acquisitions are  part of  the Company's  ongoing 
strategy to maintain a focused, streamlined portfolio of strategic investments
in promising junior mining companies.

Dividend Record and Payment Dates for the Second Quarter of 2013

The Board of Directors of the Company has approved the payment of a  quarterly 
cash dividend of $0.22 per common share. The next of these dividends will  be 
paid on June 15, 2013 to shareholders of record as of June 3, 2013.

Other Expected Dividend and Record Dates for 2013

Record Date Payment Date
Sept. 3     Sept. 17
Dec. 2      Dec. 16

Dividend Reinvestment Program

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

Dividend Reinvestment Plan

About Agnico-Eagle

Agnico-Eagle is a long established, Canadian headquartered, gold producer with
operations located  in  Canada, Finland  and  Mexico, and  exploration  and/or 
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 and maintains  a corporate strategy based on  increasing 
shareholder exposure to gold, on  a per share basis.  It has declared a  cash 
dividend for 31 consecutive years.

                          AGNICO-EAGLE MINES LIMITED
               SUMMARY OF OPERATIONS KEY PERFORMANCE INDICATORS
   (thousands of UnitedStates dollars, US GAAP basis, except where noted)
                                 (Unaudited)
                                                          Three months ended
                                                                March 31,
                                                            2013      2012
Operating margin by mine (Note 1):                                         
           LaRonde mine                                    $33,295   $63,266
           Lapa mine                                        21,788    27,677
           Kittila mine                                     44,956    49,049
           Pinos Altos mine (Note 2)                        53,827    69,135
           Meadowbank mine                                  36,503    48,772
Total operating margin                                     190,369   257,899
Amortization of property, plant and mine development         70,071    64,553
Exploration, corporate and other                             71,690    85,836
Income before income and mining taxes                       48,608   107,510
Income and mining taxes                                     24,749    28,962
Net income for the period                                  $23,859   $78,548
Net income per share - basic (US$)                            $0.14     $0.46
                                                                          
Cash provided by operating activities                     $146,072  $196,497
                                                                          
Realized prices(US$):                                                      
Gold (per ounce)                                            $1,611    $1,684
Silver (per ounce)                                          $28.70    $34.46
Zinc (per tonne)                                             $2,002    $2,125
Copper (per tonne)                                          $7,570    $9,006
                                                                          
Payable production (Note 3):                                               
           Gold (ounces):                                                 
                       LaRonde mine                        39,073    43,281
                       Lapa mine                           26,868    28,499
                       Kittila mine                        43,145    46,758
                       Pinos Altos mine (Note 2)           46,071    57,016
                       Meadowbank mine                     81,818    79,401
           Total gold (ounces)                             236,975   254,955
           Silver (thousands of ounces):                                  
                       LaRonde mine                           611       690
                       Kittila mine                             2         -
                       Pinos Altos mine (Note 2)              616       507
                       Meadowbank mine                         22        18
           Total silver (thousands of ounces)                1,251     1,215
           Zinc (tonnes)                                    8,239    12,978
           Copper (tonnes)                                  1,082     1,326
                                                                          
Payable metal sold:                                                        
           Gold (ounces):                                                 
                       LaRonde mine                        39,588    43,745
                       Lapa mine                           23,939    27,897
                       Kittila mine                        44,340    44,227
                       Pinos Altos mine (Note 2)           45,110    52,145
                       Meadowbank mine                     80,012    74,614
           Total gold (ounces)                             232,989   242,628
           Silver (thousands of ounces):                                  
                       LaRonde mine                           583       718
                       Kittila mine                             1         -
                       Pinos Altos mine (Note 2)              586       493
                       Meadowbank mine                         22        18
           Total silver (thousands of ounces)                1,192     1,229
           Zinc (tonnes)                                    6,999    13,032
           Copper (tonnes)                                  1,067     1,293
                                                                          
Total cash costs per ounce of gold produced (US$) (Note                    
4):
LaRonde mine                                                   $718      $216
Lapa mine                                                      $680      $664
Kittila mine                                                   $624      $565
Pinos Altos mine (Note 2)                                     $300      $278
Meadowbank mine                                              $1,069    $1,020
Weighted average total cash costs per ounce of gold            $740      $594
produced
                                                                          

Note 1
Operating margin by mine is calculated as revenues from mining operations less
production costs.

Note 2
Includes the Creston Mascota deposit at Pinos Altos, except for total cash
costs per ounce of gold produced in the first quarter of 2013.

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 of gold produced is based on commercial production
ounces. Total cash costs per ounce of gold produced is a non-GAAP measure that
the Company uses to monitor the performance of its operations. 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
                                       March 31, 2013     December 31, 2012
                                                                   
ASSETS                                                             
Current                                                           
  Cash and cash equivalents           $    264,395    $     332,008 
  Trade receivables                        70,526            67,750 
  Inventories:                                                    
     Ore stockpiles                        61,325            52,342 
     Concentrates and dore bars             68,312            69,695 
     Supplies                            191,479           222,630 
  Income taxes recoverable                   27,077            19,313 
  Available-for-sale securities              55,309            44,719 
  Fair value of derivative financial           5,308             2,112 
   instruments
  Other current assets                      97,988            92,977 
Total current assets                        841,719           903,546 
Other assets                               50,685            55,838 
Goodwill                                    229,279           229,279 
                                        
Property, plant and mine development        4,129,137         4,067,456 
                                 $  5,250,820     $   5,256,119 
                                                              
LIABILITIES AND SHAREHOLDERS' EQUITY                                  
Current                                                           
  Accounts payable and accrued         $    177,898     $     185,329 
   liabilities
  Reclamation provision                     14,158            16,816 
  Dividends payable                              -            37,905 
  Interest payable                           20,877            13,602 
                                         
  Income taxes payable                       13,917            10,061 
                                         
  Capital lease obligations                  11,347            12,955 
                                         
  Fair value of derivative financial             700               277 
   instruments
Total current liabilities                   238,897           276,945 
Long-term debt                             800,000           830,000 
Reclamation provision and other               125,289           127,735 
liabilities
Deferred income and mining tax                623,253           611,227 
liabilities
SHAREHOLDERS' EQUITY                                                 
Common shares                                                     
  Authorized - unlimited                                           
  Issued - 172,867,524 (December 31,       3,249,744         3,241,922 
                  2012 - 172,296,610)
Stock options                              158,437           148,032 
Warrants                                    24,858            24,858 
Contributed surplus                         15,665            15,665 
Retained earnings                           31,000             7,046 
Accumulated other comprehensive loss         (16,323)          (27,311) 
Total shareholders' equity                3,463,381         3,410,212 
                                  $  5,250,820     $   5,256,119 
                                                               



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

                                                       Three months ended
                                                            March 31,
                                                        2013       2012
                                                                       
REVENUES                                                                
Revenues from mining operations                       $  420,422  $  472,934
Interest and sundry income and other                      2,770      1,164
                                                       423,192    474,098
                                                                       
COSTS AND EXPENSES                                                      
Production                                              230,053    215,035
Exploration and corporate development                     8,571     23,108
Amortization of property, plant and mine development     70,071     64,553
General and administrative                               37,320     33,928
Impairment loss on available-for-sale securities         10,995          -
Interest expense                                         13,916     14,447
Foreign currency translation loss                         3,658     15,517
Income before income and mining taxes                    48,608    107,510
Income and mining taxes                                  24,749     28,962
Net income for the period                             $  23,859  $  78,548
                                                                       
Net income per share - basic                          $     0.14  $     0.46
Net income per share - diluted                        $     0.14  $     0.46
                                                                       
Weighted average number of common shares outstanding                    
(inthousands):
Basic                                                   172,280    170,837
Diluted                                                 172,623    171,017



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

                                                    Three months ended
                                                           March 31,
                                                  2013        2012
                                                                   
OPERATING ACTIVITIES                                                
Net income for the period                       $    23,859  $    78,548
Add (deduct) items not affecting cash:                              
  Amortization of property, plant and mine         70,071      64,553
   development
  Deferred income and mining taxes                  7,026      10,320
  Stock-based compensation, foreign currency       36,061      34,088
   translation and other
Adjustment for settlement of environmental         (2,552)     (6,232)
remediation
Changes in non-cash working capital balances:                       
  Trade receivables                               (2,776)    (14,993)
  Income taxes                                    (3,908)      19,869
  Inventories                                      27,992      11,549
  Other current assets                            (5,765)      18,810
  Accounts payable and accrued liabilities       (10,102)    (29,852)
  Interest payable                                  6,166       9,837
Cash provided by operating activities              146,072     196,497
                                                                   
INVESTING ACTIVITIES                                                
Additions to property, plant and mine            (130,634)    (75,995)
development
Acquisitions, investments and other               (12,675)    (11,325)
Cash used in investing activities                (143,309)    (87,320)
                                                                   
FINANCING ACTIVITIES                                                
Dividends paid                                    (29,890)    (30,515)
Repayment of capital lease obligations             (2,553)     (3,112)
Proceeds from long-term debt                        40,000           -
Repayment of long-term debt                       (70,000)    (90,000)
Repurchase of common shares for restricted        (19,000)    (12,031)
share unit plan
Common shares issued                                11,939       3,580
Cash used in financing activities                 (69,504)   (132,078)
                                                                   
Effect of exchange rate changes on cash and          (872)         518
cash equivalents
                                                                   
Net decrease in cash and cash equivalents         (67,613)    (22,383)
during the period
Cash and cash equivalents, beginning of period     332,008     221,458
Cash and cash equivalents, end of period        $  264,395  $   199,075
                                                                   
Supplemental cash flow information:                                 
Interest paid                                   $     6,832  $     4,093
Income and mining taxes paid                    $    21,633  $     4,305



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

                                                                        
Total Production Costs by Mine                                           
                                        Three months     Three months ended
                                             ended
                                      March 31, 2013      March 31, 2012
                                      (thousands of United States dollars)
Production costs per consolidated                                      
statements of income and
comprehensive income           $         230,053     $        215,035
LaRonde mine                                   57,903              58,180
Lapa mine                                      16,610              18,657
Kittila mine                                   27,182              26,030
Pinos Altos^(i)                               31,652              35,161
Meadowbank mine                                93,589              77,007
Total                               $         226,936     $        215,035
                                                                      
                                                                      
Reconciliation of Production Costs to Total Cash Costs per Ounce of Gold
Produced by Mine
                                                                      
                                       Three months         Three months
LaRonde Mine - Total Cash Costs              ended                 ended
per Ounce of Gold Produced           March 31, 2013       March 31, 2012
                                      (thousands of United States dollars,
                                                except as noted)
Production costs                    $          57,903     $         58,180
Adjustments:                                                           
Byproduct metal revenues, net
smelting, refining and marketing             (29,556)            (47,518)
charges
Inventory and other                               262               (715)
adjustments^(ii)
Non-cash reclamation provision                 (542)               (604)
Cash operating costs                $          28,067     $          9,343
Gold production (ounces)                      39,073              43,281
Total cash costs per ounce of gold   $             718     $            216
produced ($ perounce)^(iii)
                                                                      
                                                                      
                                       Three months         Three months
Lapa Mine - Total Cash Costs per             ended                 ended
Ounce of Gold Produced               March 31, 2013       March 31, 2012
                                      (thousands of United States dollars,
                                                except as noted)
Production costs                    $          16,610     $         18,657
Adjustments:                                                           
Byproduct metal revenues, net
smelting, refining and marketing                   77                  61
charges
Inventory and other                             1,610                (17)
adjustments^(ii)
Non-cash reclamation provision                  (17)                 236
Cash operating costs                $          18,280     $         18,937
Gold production (ounces)                      26,868              28,499
Total cash costs per ounce of gold   $             680     $            664
produced ($ perounce)^(iii)
                                                                      
                                                                      
                                       Three months         Three months
Kittila Mine - Total Cash Costs              ended                 ended
per Ounce of Gold Produced           March 31, 2013       March 31, 2012
                                      (thousands of United States dollars,
                                                except as noted)
Production costs                    $          27,182     $         26,030
Adjustments:                                                           
Byproduct metal revenues, net
smelting, refining and marketing                  157                 119
charges
Inventory and other                             (294)                 440
adjustments^(ii)
Non-cash reclamation provision                 (120)               (157)
Cash operating costs                $          26,925     $         26,432
Gold production (ounces)                      43,145              46,758
Total cash costs per ounce of gold   $             624     $            565
produced ($ perounce)^(iii)
                                                                      
                                                                      
Pinos Altos Mine - Total Cash          Three months         Three months
Costs per Ounce of Gold                      ended                 ended
Produced^(i)                         March 31, 2013       March 31, 2012
                                      (thousands of United States dollars,
                                                except as noted)
Production costs                    $          31,652     $         35,161
Adjustments:                                                           
Byproduct metal revenues, net
smelting, refining and marketing             (16,566)            (16,449)
charges
Inventory and other                             (430)               1,754
adjustments^(ii)
Non-cash reclamation provision                  (74)               (433)
Stripping costs^(iv)                         (1,319)             (4,180)
Cash operating costs                $          13,263     $         15,853
Gold production (ounces)                      44,164              57,016
Total cash costs per ounce of gold   $             300     $            278
produced ($ perounce)^(iii)
                                                                      
                                                                      
                                       Three months         Three months
Meadowbank Mine - Total Cash Costs           ended                 ended
per Ounce of Gold Produced           March 31, 2013       March 31, 2012
                                      (thousands of United States dollars,
                                                except as noted)
Production costs                    $          93,589     $         77,007
Adjustments:                                                           
Byproduct metal revenues, net
smelting, refining and marketing                (563)               (634)
charges
Inventory and other                               992               5,254
adjustments^(ii)
Non-cash reclamation provision                 (393)               (394)
Stripping costs^(iv)                         (6,124)               (222)
Cash operating costs                $          87,501     $         81,011
Gold production (ounces)                      81,818              79,401
Total cash costs per ounce of gold   $           1,069     $          1,020
produced ($ perounce)^(iii)
                                                                      
                                                                      
                                                                      
Reconciliation of Production Costs to Minesite Costs per Tonne by Mine
                                                                      
                                       Three months         Three months
LaRonde Mine - Minesite Costs per            ended                 ended
Tonne                                 March 31, 2013       March 31, 2012
                                      (thousands of United States dollars,
                                                except as noted)
Production costs                     $          57,903     $         58,180
Adjustments:                                                           
Inventory adjustment^(v)                         434               (125)
Non-cash reclamation provision                 (542)               (604)
Minesite operating costs             $          57,795     $         57,451
Minesite operating costs             $          58,420     $         57,730
(thousands of C$)
Tonnes of ore milled (thousands of                594                 645
tonnes)
Minesite cost per tonne (C$)^(vi)    $              98     $             90
                                                                      
                                                                      
                                       Three months         Three months
Lapa Mine - Minesite Costs per               ended                 ended
Tonne                                 March 31, 2013       March 31, 2012
                                      (thousands of United States dollars,
                                                except as noted)
Production costs                     $          16,610     $         18,657
Adjustments:                                                           
Inventory adjustment^(v)                       1,671                  20
Non-cash reclamation provision                  (17)                 236
Minesite operating costs             $          18,264     $         18,913
Minesite operating costs             $          18,445     $         18,904
(thousands of C$)
Tonnes of ore milled (thousands of                160                 158
tonnes)
Minesite cost per tonne (C$)^(vi)    $             115     $            120
                                                                      
                                                                      
                                       Three months         Three months
Kittila Mine - Minesite Costs per            ended                 ended
Tonne                                 March 31, 2013       March 31, 2012
                                      (thousands of United States dollars,
                                                except as noted)
Production costs                     $          27,182     $         26,030
Adjustments:                                                           
Inventory adjustment^(v)                       (294)                 440
Non-cash reclamation provision                  (120)               (157)
Minesite operating costs             $          26,768     $         26,313
Minesite operating costs             €          20,580     €         19,458
(thousands of €)
Tonnes of ore milled (thousands of                267                 289
tonnes)
Minesite cost per tonne (€)^(vi)     €              77     €             67
                                                                      
                                                                      
                                       Three months         Three months
Pinos Altos Mine - Minesite Costs            ended                 ended
per Tonne^(i)                        March 31, 2013       March 31, 2012
                                      (thousands of United States dollars,
                                                except as noted)
Production costs                     $          31,652     $         35,161
Adjustments:                                                           
Inventory adjustment^(v)                       (403)               1,754
Non-cash reclamation provision                  (74)               (433)
Stripping costs^(iv)                         (1,319)             (4,180)
Minesite operating costs             $          29,856     $         32,302
Tonnes of ore milled (thousands of                726               1,234
tonnes)
Minesite cost per tonne^(vi)         $              41     $             26
                                                                      
                                                                      
                                       Three months         Three months
Meadowbank Mine - Minesite Costs             ended                 ended
per Tonne                             March 31, 2013       March 31, 2012
                                      (thousands of United States dollars,
                                                except as noted)
Production costs                     $          93,589     $         77,007
Adjustments:                                                           
Inventory adjustment^(v)                         902               5,429
Non-cash reclamation provision                 (393)               (394)
Stripping costs^(iv)                         (6,124)               (222)
Minesite operating costs             $          87,974     $         81,820
Minesite operating costs             $          88,601     $         81,730
(thousands of C$)
Tonnes of ore milled (thousands of              1,019                 887
tonnes)
Minesite cost per tonne (C$)^(vi)    $              87     $             92



(i)   Includes the Creston Mascota deposit at Pinos Altos for the first
           quarter of 2012. Excludes the Creston Mascota deposit at Pinos
           Altos for the first quarter of 2013.
(ii)  Under the Company's revenue recognition policy, revenue is
           recognized on concentrates when legal title passes. As total cash
           costs per ounce of gold produced 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 costs 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. This measure is calculated by
           adjusting production costs as recorded in the consolidated
           statements of income and comprehensive income for byproduct
           revenues, unsold concentrate inventory production costs, non-cash
           reclamation provisions, deferred stripping costs and other
           adjustments, and then dividing by the number of ounces of gold
           produced. The Company believes that this generally accepted
           industry measure is a realistic indication of operating performance
           and is a useful comparison point between periods. Total cash costs
           per ounce of gold produced is intended to provide investors with
           information about the cash generating capabilities of the Company's
           mining operations. Management also 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 a 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 these inherent limitations by using this measure in conjunction
           with minesite costs per tonne (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 per ounce of gold produced and
           minesite costs per tonne using a common industry practice of
           deferring certain stripping costs that can be attributed to future
           production. The purpose of adjusting for these stripping costs is
           to enhance the comparability of total cash costs per ounce of gold
           produced and minesite costs per tonne to 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. This measure is calculated by adjusting production costs
           as shown in the consolidated statements of income and comprehensive
           income for unsold concentrate inventory production costs, non-cash
           reclamation provisions, deferred stripping costs and other
           adjustments, and then dividing by tonnes of ore milled. As the
           total cash costs per ounce of gold produced measure can be impacted
           by fluctuations in byproduct metal prices and exchange rates,
           management believes that the minesite costs per tonne measure
           provides additional information regarding the performance of mining
           operations, eliminating the impact of 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 of performance can be impacted by
           fluctuations in processing levels and compensates for this inherent
           limitation by using this measure in conjunction with production
           costs prepared in accordance with US GAAP.

Note Regarding Certain Measures of Performance

This press release presents  financial performance measures, including  "total 
cash costs per ounce of gold produced", "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 in  allowing  year-over-year 
comparisons. However, each of these non-US 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.  Reconciliations of  the 
Company's total cash costs per ounce  of gold produced and minesite costs  per 
tonne  financial  performance  measures   to  comparable  financial   measures 
calculated and presented in accordance with US GAAP are detailed above.

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

Forward-Looking Statements

The information in this news release has  been prepared as at April 25,  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", "possible", "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 
estimates, production estimates,  total cash costs  per ounce, minesite  costs 
per tonne and  all-in sustaining  costs estimates, cash  flows, the  estimated 
timing of  scoping  and  other studies,  the  methods  by which  ore  will  be 
extracted or processed, expansion  projects, recovery rates, mill  throughput, 
and projected exploration and capital expenditures, including costs and  other 
estimates upon which such projections are based; the Company's ability to fund
its current  pipeline of  projects;  the impact  of maintenance  shutdowns  at 
Kittila; the  Company's goal  to  build a  mine  at Meliadine;  the  Company's 
ability to complete construction and bring into production mines at Goldex  or 
La India; 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, 2012 ("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.

______________________________

^1 Total cash costs per ounce is a non-GAAP measure. For reconciliation to
production costs, see footnote (iii) to the "Reconciliation of production
costs to Total Cash Costs per Ounce and Minesite Costs per Tonne" contained
herein. See also "Note Regarding Certain Measures of Performance".

^2 Payable production of a mineral means the quantity of mineral produced
during a period contained in products that are sold by the Company whether
such products are shipped during the period or held as inventory at the end of
the period.

^3 All-in sustaining cost is a non-GAAP measure. The Company calculates all-in
sustaining costs as the sum of total cash costs (net of byproduct credits),
sustaining capital expense, corporate, general and administrative expense (net
of stock option expense) and exploration expense. 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 to
production costs, see footnote (vi) to the "Reconciliation of production costs
to Total Cash Costs per Ounce and Minesite Costs per Tonne" contained herein.
See also "Note Regarding Certain Measures of Performance".

^5 Total cash costs per ounce of gold produced and minesite costs per tonne of
ore processed for Creston Mascota are excluded from figures for first quarter
2013, due to the suspension of heap leach operations at Creston Mascota
effective October 1, 2012











SOURCE Agnico-Eagle Mines Limited

Contact:

Investor Relations
(416) 947-1212
 
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