1. AGNICO-EAGLE MINES LIMITED
Second Quarter 2012 Results
July 2012

2. Forward Looking Statements
The information in this document has been prepared as at July 26, 2012. Certain statements contained in this document constitute
“forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward
looking information under the provisions of Canadian provincial securities laws. When used in this document, the words “anticipate”,
“expect”, “estimate”, “forecast”, “will”, “planned”, and similar expressions are intended to identify forward-looking statements or
information.
Such statements include without limitation: statements regarding timing and amounts of capital expenditures and other assumptions;
estimates of future reserves, resources, mineral production, optimization efforts and sales; estimates of mine life; estimates of future
internal rates of return, mining costs, cash costs, minesite costs and other expenses; estimates of future capital expenditures and other
cash needs, and expectations as to the funding thereof; statements and information as to the projected development of certain ore
deposits, including estimates of exploration, development and production and other capital costs, and estimates of the timing of such
exploration, development and production or decisions with respect to such exploration, development and production; estimates of
reserves and resources, and statements and information regarding anticipated future exploration; the anticipated timing of events with
respect to the Company's mine sites and statements and information regarding the sufficiency of the Company's cash resources. Such
statements and information reflect the Company's views as at the date of this document and are subject to certain risks, uncertainties
and assumptions, and undue reliance should not be placed on such statements and information. Many factors, known and unknown
could cause the actual results to be materially different from those expressed or implied by such forward looking statements and
information. Such risks include, but are not limited to: the volatility of prices of gold and other metals; uncertainty of mineral reserves,
mineral resources, mineral grades and mineral recovery estimates; uncertainty of future production, capital expenditures, and other
costs; currency fluctuations; financing of additional capital requirements; cost of exploration and development programs; mining risks;
community protests; risks associated with foreign operations; governmental and environmental regulation; the volatility of the Company's
stock price; and risks associated with the Company's byproduct metal derivative strategies. For a more detailed discussion of such risks
and other factors that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements contained
in this document, see the Company's Annual Report on Form 20-F for the year ended December 31, 2011, as well as the Company's
other filings with the Canadian Securities Administrators and the U.S. Securities and Exchange Commission. The Company does not
intend, and does not assume any obligation, to update these forward-looking statements and information. Marc Legault, a Qualified
Person and the Company’s Senior Vice-President, Project Evaluations, reviewed the technical information disclosed herein. For a
detailed breakdown of the Company’s reserve and resource position see the February 15, 2012 press release on the Company’s
website. That press release also lists the Qualified Persons for each project.
2

3. Notes To Investors
Note Regarding The Use Of Non-GAAP Financial Measures
This document presents estimates of future "total cash cost per ounce" and "minesite cost per tonne" that are not recognized measures
under United States generally accepted accounting principles ("US GAAP"). This data may not be comparable to data presented by
other gold producers. These future estimates are based upon the total cash costs per ounce and minesite costs per tonne that the
Company expects to incur to mine gold at the applicable projects and do not include production costs attributable to accretion expense
and other asset retirement costs, which will vary over time as each project is developed and mined. It is therefore not practicable to
reconcile these forward-looking non-GAAP financial measures to the most comparable GAAP measure. A reconciliation of the
Company's total cash cost per ounce and minesite cost per tonne to the most comparable financial measures calculated and presented
in accordance with US GAAP for the Company's historical results of operations is set forth in the notes to the financial statements
included in the Company's Annual Information Form and Annual Report on Form 20-F, for the year ended December 31, 2011, as well
as the Company's other filings with the Canadian Securities Administrators and the SEC.
Note Regarding Production Guidance
The gold production guidance is based on the Company’s mineral reserves but includes contingencies and assumes metal prices and
foreign exchange rates that are different from those used in the reserve estimates. These factors and others mean that the gold
production guidance presented in this disclosure does not reconcile exactly with the production models used to support these mineral
reserves.
3

4. Agnico-Eagle Mines Limited
Strong Cash Generation With Measured, Focused Growth and
Attractive Dividend Yield
 Portfolio of quality, long-life mines that continue to perform well
 Low risk production growth from existing assets
 Significant exploration upside and reserve growth demonstrated at existing 100%-owned
assets
 Political risk profile expected to remain low
 Strong cash flow funds dividend, exploration, capital reinvestment programs and
enhances financial position
4

5. Q2 2012 Operating Highlights
 Record quarterly gold production from currently operating mines
 34% y/y production growth from currently operating mines
 Record gold production at low cash costs from Mexico – 63,356 oz @ $358/oz
 Record gold production and throughput at Meadowbank – 98,403oz / 9,901 tpd
 Solid cash flow and earnings generation
 Record six-month cash provided by operating activities of $390.6M
 Zones M and E at the Goldex mine approved for construction
 First production expected in 2014
 Increased 2012E gold production guidance to approximately 975,000 oz
5

6. Operating Results
Record production from currently operating mines
Q2 2012 YTD 2012
Production Total Cash Cost Production Total Cash Cost
(Gold oz) ($/oz) (Gold oz) ($/oz)
LaRonde 40,206 784 83,487 489
Kittila 35,228 681 81,986 615
Lapa 28,157 634 56,656 650
Pinos Altos1 63,356 358 120,372 320
Meadowbank 98,403 804 177,804 901
Total 265,350 660 520,305 628
Q2 2012 Revenue By Metal YTD 2012
Q2 2012
2012 Forecast
Gold (000’s oz) 265 520 9752
Base Metals Silver (000’s oz) 1,095 2,310 4,150
3%
Gold
Silver
91% Zinc (t) 9,558 22,536 33,000
6%
Copper (t) 1,004 2,330 4,800
Total cash costs ($/oz) 660 628 690-7503
1. Pinos Altos figures include Creston Mascota 2. Adjusted forecast 3. 2012 assumptions include Ag $30/oz, Cu $7,000/tonne, Zn $1,800/tonne, C$/US$ 1.00, US$/Euro 1.35 6

7. Financial Results
Strong earnings and cash flow
Q2 2012 Q2 2011 YTD 2012 YTD 2011 H1 Y/Y Change
Gold 265 239 520 492 6%
(ounces in thousands)
Revenues from
mining operations $460 $434 $932 $846 10%
(millions)
Net income $43 $69 $122 $114 7%
(millions)
Net income per share $0.25 $0.41 $0.71 $0.68 4%
(basic)
Cash provided by operating
activities $194 $163 $391 $338 16%
(millions)
YTD 2012 Total Operating Margin - $498M
Lapa
Laronde 11%
19%
Kittila
16%
Meadowbank
24%
Pinos Altos
*All $ amounts are in US$ 30%
7

8. Financial Position
Net free cash flow expected to enhance balance sheet strength
ALL AMOUNTS ARE IN US$,
unless otherwise indicated Jun. 30, 2012
CASH AND CASH EQUIVALENTS (millions) $289
LONG TERM DEBT (millions) $830
AVAILABLE CREDIT FACILITIES (millions) $970
COMMON SHARES OUTSTANDING, BASIC (Q2’12 Weighted average, millions) 171.0
COMMON SHARES OUTSTANDING, FULLY DILUTED (Q2’12 Weighted average, millions) 171.3
8

9. Generating Net Free Cash Flow
Cash flow to fund dividend and growth plans
Capital Expenditures (USD $000's)
$1,200,000
Approximate Average EBITDA*
$1,000,000
$800,000
Illustrative Ongoing
Re-Investment
$600,000
$400,000
$200,000
$0
2007A 2008A 2009A 2010A 2011A 2012E 2013 2014
Actual Estimate
* Approximate average EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) estimate for illustrative purposes using $1700/oz gold, $32/oz silver, $2000/t zinc, C$/US$ 1.00, 1.35USD/€ 9

10. Operations and Projects

11. LaRonde
Challenging transition to lower mine
 YTD gold production of 83,487 oz at
total cash costs of $489 per ounce P&P GOLD RESERVES (million oz) 4.7
 Q2 gold grade 2.4 g/t vs. 1.6 g/t in AVERAGE GOLD RESERVE GRADE (g/t) 4.4
Q2’11
Indicated resource (million oz) 0.4
 Challenges include heat, congestion
and seismicity
Inferred resource (million oz) 1.3
 Value of ore per tonne approximately
50% higher over life of mine versus Estimated LOM (years) 15
2011 at same metals prices
2012 exploration budget
$1M
(LaRonde & regional)
See AEM Feb 15, 2012 press release for detailed breakdown of reserves and resources.
11

12. Lapa
Good tonnage and cost control
 Strong Q2 gold production of 28,157 oz P&P GOLD RESERVES (million oz) 0.5
at total cash costs per ounce of $634
 Anticipated life of mine extended through AVERAGE GOLD RESERVE GRADE (g/t) 6.5
2015
 Underground exploration drift to east will Indicated resource (million oz) 0.3
provide access to drill targets that could
extend mine life Inferred resource (million oz) 0.1
Est. LOM (years) 4
2012 exploration budget $3M
See AEM Feb 15, 2012 press release for detailed breakdown of reserves and resources.
12

13. Kittila
Large long-life gold deposit continues to grow
P&P GOLD RESERVES (million oz) 5.2
 YTD gold production of 81,986oz at
total cash costs of $615 per ounce
AVERAGE GOLD RESERVE GRADE (g/t) 4.7
 Initial 25% expansion study expected
in late 2012 Indicated resource (million oz) 1.0
 Good exploration results at Rimpi
suggest potential for ongoing phased Inferred resource (million oz) 1.2
expansions
Estimated LOM (years) 32
2012 exploration budget $16M
See AEM Feb 15, 2012 press release for detailed breakdown of reserves and resources.
2006
2007 – 2008
2012
Focus Area
2011
2009 – 2010
13

14. Mexico
Largest cash flow generator
 Record production in Q2 of 63,356 oz at
P&P GOLD RESERVES (million oz) 3.1
total cash costs per ounce of $358
 H1 mine operating margin - $149 M AVERAGE GOLD RESERVE GRADE (g/t) 2.1
 La India may add to production profile in
2014 Indicated resource (million oz) 0.8
 Update on La India and Tarachi expected
Inferred resource (million oz) 0.8
in Q3
Estimated LOM (years) 18
2012 exploration budget $15M
See AEM Feb 15, 2012 press release for detailed breakdown of reserves and resources.
14

15. Meadowbank
Lower risk plan delivering strong cash flows
 Record gold production in Q2 of 98,403
P&P GOLD RESERVES (million oz) 2.2
oz at total cash costs per ounce of $804;
 New mine plan hitting targets on AVERAGE GOLD RESERVE GRADE (g/t) 2.8
throughput (9,901 tpd in Q2) and grade
(3.6 g/t in Q2)
Indicated resource (million oz) 1.3
 H1 operating margin of $121M
Inferred resource (million oz) 0.5
Est. LOM (years) 6
2012 exploration budget $7M
See AEM Feb 15, 2012 press release for detailed breakdown of reserves and resources.
15

16. Meliadine
Growing gold reserve and resource
 Permitting and road construction
underway; Updated feasibility study P&P GOLD RESERVES (million oz) 2.9
expected in late 2013
AVERAGE GOLD RESERVE GRADE (g/t) 7.2
 Exploration success at Wesmeg,
Normeg improving open pit and
underground production scenarios Indicated resource (million oz) 1.7
 Recent exploration results at Pump, F
Inferred resource (million oz) 2.4
Zone and Wesmeg expected to add
meaningful reserve and resource
ounces at year-end 2012 exploration budget $30M
See AEM Feb 15, 2012 press release for detailed breakdown of reserves and resources.
Tiriganiaq
Wolf Wesmeg
Pump F Zone
Discovery
16

17. Goldex
GEZ remains suspended
Measured & Indicated Gold Resource
2.1
(million oz)
 M & E satellite zones have been approved for Average Measured & Indicated Gold
1.8
construction following extensive review Resource Grade (g/t)
Inferred resource (million oz) 1.6
 Estimated parameters for M & E zones:
Est. LOM (years) 4
Daily Throughput 5,100 tpd
2012 exploration budget $18M
Gold Grade 1.5 g/t
Mill Recovery 92 %
LOM Gold Prod’n to 2017 300,000 oz
Minesite Cost C$41 per tonne
Total Cash Costs $900 per ounce
Life of Mine 4 years
Exchange Rate C$1.03 per USD
Net Free Cash Flow $70 million
17

18. Exploration Upside
Large, Growing Gold Deposits
18

19. Meliadine Project – Local Geology Map
Fastest growing deposit with multiple high-grade zones
Exploration target areas
19

20. Kittila – Our Largest Gold Deposit
 Still open for exploration at depth and to the North
 2011 exploration expanded reserves and resources in Roura and Rimpi trends
 $16M in exploration, up to 12 drills in 2012
2012 Focus
Area
20

21. La India and Tarachi
La India property located 70km from Pinos Altos
 Open pit, heap leach
operation with stripping
ratio less than 1:1.
 Estimated annual gold
production of 90-100koz
 Estimated minelife of 9-
10 years
 Drilling program
underway

22. Sound Business Continues To Deliver
No change in strategy or focus
 AEM is among industry leaders in per share production, reserves, cash flows and dividends
 Meaningful near-term production growth driven by LaRonde, La India and Goldex, with
manageable, fully funded capex
 Solid, achievable production and cost guidance
 Expecting growth in reserves through exploration of existing assets
 Business generating strong cash flows in regions of low political risk
 Allocated to dividends, exploration and reinvesting in our core assets
22

23. Appendix
23

24. Operating Metrics
LaRonde - Ore milled ('000 tonnes)
LaRonde LaRonde - Minesite costs per tonne (C$)
7,500tpd $140/t
7,000tpd $120/t
6,500tpd $100/t
6,000tpd $80/t
5,500tpd $60/t
5,000tpd $40/t
4,500tpd $20/t
4,000tpd $0/t
Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12
Lapa - Ore milled ('000 tonnes)
Lapa
Lapa - Minesite costs per tonne (C$)
2,000tpd $170/t
1,800tpd
$150/t
1,600tpd
1,400tpd
$130/t
1,200tpd
1,000tpd $110/t
800tpd
$90/t
600tpd
400tpd
$70/t
200tpd
0tpd $50/t
Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12
24

25. Operating Metrics
Kittila - Ore milled('000 tonnes)
Kittila Kittila - Minesite costs per tonne (EUR)
3,500tpd €85/t
3,000tpd €80/t
€75/t
2,500tpd
€70/t
2,000tpd €65/t
1,500tpd €60/t
€55/t
1,000tpd
€50/t
500tpd €45/t
0tpd €40/t
Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12
Pinos Altos Meadowbank
6,000tpd $60/t 12,000tpd $140/t
5,000tpd $50/t 10,000tpd $120/t
$100/t
4,000tpd $40/t 8,000tpd
$80/t
3,000tpd $30/t 6,000tpd
$60/t
2,000tpd $20/t 4,000tpd
$40/t
1,000tpd $10/t 2,000tpd $20/t
0tpd $0/t 0tpd $0/t
Q3 10
Q4 10
Q1 11
Q2 11
Q3 11
Q4 11
Q1 12
Q2 12
Q3 10
Q4 10
Q1 11
Q2 11
Q3 11
Q4 11
Q1 12
Q2 12
Pinos Altos - Ore milled ('000 tonnes) Meadowbank - Ore milled ('000 tonnes)
Pinos Altos - Minesite costs per tonne (USD$) Meadowbank - Minesite costs per tonne (C$)
25

26. Gold and Silver Reserves and Resources
December 31, 2011
Tonnes Gold Gold Tonnes Silver Silver
Gold (000’s) (g/t) (ounces) Silver (000’s) (g/t) (ounces)
(000’s) (000’s)
Proven 11,029 2.80 994 Proven 7,318 45.35 10,670
Probable 146,057 3.78 17,757 Probable 72,693 45.06 105,319
Total Total
157,086 3.71 18,750 80,011 45.09 115,989
Reserves Reserves
Measured & Measured &
168,336 1.78 9,633 27,801 27.24 24,344
Indicated Indicated
Inferred 131,216 2.30 9,712 Inferred 34,513 19.00 21,082
See AEM Feb 15, 2012 press release for detailed breakdown of reserves and resources. Reserves are not a subset of resources.

27. Copper, Zinc and Lead Reserves and Resources
December 31, 2011
Tonnes Copper Copper Tonnes Zinc Zinc Tonnes Lead Lead
Copper Zinc Lead
(000’s) (%) (tonnes) (000’s) (%) (tonnes) (000’s) (%) (tonnes)
Proven 5,331 0.28 15,025 Proven 5,331 2.04 108,626 Proven 5,331 0.23 12,391
Probable 27,901 0.27 76,160 Probable 27,901 0.77 215,522 Probable 27,901 0.05 13,441
Total Total Total
33,232 0.27 91,184 33,232 0.98 324,149 33,232 0.08 25,832
Reserves Reserves Reserves
Indicated 7,225 0.12 8,629 Indicated 7,225 1.49 107,338 Indicated 7,225 0.15 11,127
Inferred 11,400 0.26 29,664 Inferred 11,400 0.44 49,745 Inferred 11,400 0.05 5,138
See AEM Feb 15, 2012 press release for detailed breakdown of reserves and resources. Reserves are not a subset of resources
27

28. Notes to Investors Regarding the Use of Resources
Cautionary Note to Investors Concerning Estimates of Measured and Indicated Resources
This document uses the terms "measured resources" and "indicated resources". We advise investors that while those terms are recognized and required
by Canadian regulations, the SEC does not recognize them. Investors are cautioned not to assume that any part or all of mineral deposits in these
categories will ever be converted into reserves.
Cautionary Note to Investors Concerning Estimates of Inferred Resources
This document also uses the term "inferred resources". We advise investors that while this term is recognized and required by Canadian regulations, the
SEC does not recognize it. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and
legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules,
estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to
assume that part or all of an inferred resource exists, or is economically or legally mineable.
Scientific and Technical Data
Agnico-Eagle Mines Limited is reporting mineral resource and reserve estimates in accordance with the CIM guidelines for the estimation, classification and
reporting of resources and reserves.
Cautionary Note To U.S. Investors - The SEC permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a
company can economically and legally extract or produce. Agnico-Eagle uses certain terms in this press release, such as “measured”, “indicated”, and
“inferred”, and “resources” that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are
urged to consider closely the disclosure in our Form 20-F, which may be obtained from us, or from the SEC’s website at: http://sec.gov/edgar.shtml. A
“final” or “bankable” feasibility study is required to meet the requirements to designate reserves under Industry Guide 7.
Estimates for all properties were calculated using historic three-year average metals prices and foreign exchange rates in accordance with the SEC
Industry Guide 7. Industry Guide 7 requires the use of prices that reflect current economic conditions at the time of reserve determination, which the Staff
of the SEC has interpreted to mean historic three-year average prices. The assumptions used for the mineral reserves and resources estimates reported
by the Company on February 15, 2012 were based on three-year average prices for the period ending December 31, 2011 of $1,255 per ounce gold,
$23.00 per ounce silver, $0.91 per pound zinc, $3.25 per pound copper, $0.95 per pound lead and C$/US$, US$/Euro and MXP/US$ exchange rates of
1.05, 1.37 and 12.86, 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.
28

29. Notes to Investors Regarding the Use of Resources
A mineral reserve is the economically mineable part of a measured or indicated mineral resource demonstrated by at least a preliminary feasibility study.
This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of
reporting, that economic extraction can be justified. A mineral reserve includes diluting materials and allows for losses that may occur when the material is
mined. A proven mineral reserve is the economically mineable part of a measured mineral resource demonstrated by at least a preliminary feasibility study.
A probable mineral reserve is the economically mineable part of an indicated, and in some circumstances, a measured mineral resource demonstrated by
at least a preliminary feasibility study.
A mineral resource is a concentration or occurrence of natural, solid, inorganic material, or natural solid fossilized organic material including base and
precious metals in or on the Earth’s crust in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction.
The location, quantity, grade, geological characteristics and continuity of a mineral resource are known, estimated or interpreted from specific geological
evidence and knowledge. A measured mineral resource is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical
characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic
parameters, to support production planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable
exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill
holes that are spaced closely enough to confirm both geological and grade continuity. An indicated mineral resource is that part of a mineral resource for
which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate
application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is based
on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits,
workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed. An inferred mineral resource is that
part of a mineral resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and
reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through
appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. Mineral resources which are not mineral reserves do not
have demonstrated economic viability.
Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.
A Feasibility Study is a comprehensive technical and economic study of the selected development option for a mineral project that includes appropriately
detailed assessments of realistically assumed mining, processing, metallurgical, economic, marketing, legal, environmental, social and governmental
considerations together with any other relevant operational factors and detailed financial analysis, that are necessary to demonstrate at the time of
reporting that extraction is reasonably justified (economically mineable). The results of the study may reasonably serve as the basis for a final decision by a
proponent or financial institution to proceed with, or finance, the development of the project. The confidence level of the study will be higher than that of a
Pre-Feasibility Study.
The effective date for all of the Company’s mineral resource and reserve estimates in this document is December 31, 2011. 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 Technical Reports,
which may be found at www.sedar.com. Other important operating information can be found in the Company’s Form 20-F and its news release dated
February 15, 2012.
Marc Legault, a Qualified Person and the Company’s Senior Vice-President, Project Evaluations, reviewed the technical information disclosed herein.
29

30. A solid financial position, low-cost structure, well-funded growth projects in regions
of low political risk, and a focused, consistent strategy put Agnico-Eagle in a strong
position to continue creating exceptional per share value.
Sean Boyd Executive and Registered Office:
President and 145 King Street East, Suite 400
Chief Executive Officer Toronto, Ontario, Canada, M5C 2Y7
David Smith Tel: 416-947-1212
SVP, Strategic Planning & Investor Toll-Free: 888-822-6714
Relations Fax: 416-367-4681
Trading Symbol:
AEM on TSX & NYSE
Investor Relations:
416-947-1212
info@agnico-eagle.com
agnico-eagle.com