1. Corporate Update
Raymond James 35th Annual
Institutional Investors Conference
March 2014
agnicoeagle.com
Sean Boyd
President and CEO

2. FORWARD LOOKING STATEMENTS
The information in this document has been prepared as at February 25, 2014. 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, total cash costs, minesite costs, all-in sustaining 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, 2012, as well as the Company’s other filings with the Canadian Securities Administrators and the U.S. Securities and
Exchange Commission. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and
information. Alain Blackburn, a Qualified Person and the Company’s Senior Vice-President, Exploration, reviewed the technical information
disclosed herein. For a detailed breakdown of the Company’s reserve and resource position see the February 12, 2014 press release on the
Company’s website. That press release also lists the Qualified Persons for each project.
agnicoeagle.com
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”, “minesite cost per tonne”, and “all-in sustaining cost per ounce of gold
produced” 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 sites 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, 2012, 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.
agnicoeagle.com
3

4. 2013 HIGHLIGHTS
Record annual production at lower costs
• Record annual gold production of 1.10M oz, vs. guidance of 1.06M oz
– 2013 total cash costs at $672/oz, below $690/oz guidance
– 2013 all-in sustaining cost at $952/oz, below guidance of $1,025/oz
• Record annual gold production at Meadowbank – 430,613 oz at a total cash
cost of $774/oz
• Commercial production declared at Goldex and commissioning on track at La
India
• Lower gold price environment leads to :
– Non-cash after-tax impairment charge of $436M at Meadowbank,
Meliadine and Lapa
– Quarterly dividend reduced to $0.08 per share to ensure financial
flexibility
– Average reserve grade increased by 11% to 3.5 g/t despite 0.7 Moz
reduction in reserves at year end 2013 (before production)
agnicoeagle.com
4

5. 2013 OPERATING RESULTS
Record production and improved cost performance
2013
Production (oz)
Northern Business
LaRonde
Lapa
Goldex
Kittila
Meadowbank
Southern Business
Pinos Altos
Creston Mascota
La India
Total
Total Cash Cost ($/oz)
Operating Margin ($, 000’s)
181,781
100,730
20,810
146,421
430,613
880,355
$763
$678
$782
$601
$774
$732
$99,989
$71,635
$8,246
$111,277
$227,579
$518,726
181,773
34,027
3,180
218,980
1,099,335
$412
$485
n.a.
$424
$672
$173,074
$21,679
n.a.
$194,753
$713,479
2013 Revenue By Metal
2013 Total Operating Margin - $713M
Pinos Altos,
24%
Creston
Mascota, 3%
Base Metals
2%
Silver
6%
Meadowbank,
32%
Gold
92%
Kittila, 16%
Goldex, 1%
Lapa, 10%
agnicoeagle.com
Laronde, 14%
5

6. FINANCIAL RESULTS
All amounts are in US$
Q4 2013 Q4 2012
Full Year 2013
Full Year 2012
unless otherwise indicated
Revenues (millions)
$437
$449
$1,638
$1,918
Earnings (millions)
($453)*
$83
($407)*
$311
Earnings per share (basic)
($2.61)*
$0.48
($2.35)*
$1.82
$136
$106
$438
$696
322,443 236,535
1,099,335
1,043,811
Cash provided by operating activities (millions)
Payable Production Gold (ounces)
Silver (ounces in thousands)
1,093
1,196
4,623
4,646
Zinc (tonnes)
4,472
8,722
19,814
38,637
Copper (tonnes)
1,232
814
4,835
4,126
Total cash costs (gold, $/oz)
$623
$769
$672
$640
*Including non-cash after-tax impairment loss of $436M, and other non-recurring non-cash items totaling a further $61 million
agnicoeagle.com
6

7. FINANCIAL POSITION
Cash balances, anticipated cash flows, and available credit provide financial flexibility
Dec 31, 2013
ALL AMOUNTS ARE IN US$, (unless otherwise indicated)
CASH AND CASH EQUIVALENTS (millions)
$170
LONG TERM DEBT
$1.0 Billion
AVAILABLE CREDIT FACILITIES
$1.0 Billion
COMMON SHARES OUTSTANDING, BASIC (FY 2013 weighted average, millions)
172.9
COMMON SHARES OUTSTANDING, FULLY DILUTED (FY 2013 weighted average, millions)
172.9
Long-Term Debt Maturities
2017
Notes Outstanding (millions)
Coupon
agnicoeagle.com
2020
2022
2024
$115
$360
$225
$100
6.13%
6.67%
5.93%
5.02%
7

8. INCREASING PRODUCTION AND IMPROVING PRODUCTIVITY
Productivity and cost saving initiatives delivering results at each operation
$110
Laronde Operating Metrics
Production (koz)
Cost/tonne
Meadowbank Operating Metrics
Lapa Operating Metrics
Production (koz)
Cost/tonne
60 $120
30 $100
50 $116
25 $95
$100
40
30
$90
20
$85
10 $104
140
20 $90
$95
160
Production (koz)
Cost/tonne
$105
$80
0
Q4/12 Q1/13 Q2/13 Q3/13 Q4/13
$112
$108
5
60
Q4/12
Q1/13
Q2/13
Q3/13
Q4/13
40
$75
0
$100
$70
20
0
Q4/12 Q1/13 Q2/13 Q3/13 Q4/13
Pinos Altos Operating Metrics
60
50
$76
40
$72
$50
70
Production (koz)
Cost/tonne
$46
60
50
$42
40
$38
30
30
20
$68
20
10
Q4/13
$34
0
$64
Q4/12
Q1/13
Q3/13
*No production in Q2/13 due to scheduled shutdown
80
10 $80
Production (koz)
Cost/tonne
agnicoeagle.com
100
15 $85
Kittila Operating Metrics*
$80
120
$30
10
0
Q4/12
Q1/13
Q2/13
Q3/13
Q4/13
8

9. ESTIMATED PAYABLE GOLD PRODUCTION (2014 – 2016)
2014
Estimated Mid Point
(oz)
Total Gold Production
2016
Estimated Mid Point
(oz)
$671
$850
$799
$759
$629
$692
245,000
75,000
100,000
160,000
375,000
955,000
285,000
45,000
90,000
170,000
385,000
975,000
145,000
40,000
50,000
235,000
1,190,000
Southern Business
Pinos Altos
Creston Mascota
La India
2015
Estimated Mid Point
(oz)
215,000
80,000
80,000
150,000
430,000
955,000
Northern Business
LaRonde
Lapa
Goldex
Kittila
Meadowbank
Total Cash Cost
($/oz)
$532
$754
$743
$615
$678
165,000
40,000
90,000
295,000
1,250,000
170,000
40,000
90,000
300,000
1,275,000
Estimated Byproduct Production – 2014
Ag Production
000’s oz
Northern Business
LaRonde
Meadowbank
Northern Total
Southern Business
Pinos Altos
Creston Mascota
La India
Southern Total
Total
agnicoeagle.com
Zn Production
(tonnes)
Cu Production
(tonnes)
1,272
72
1,344
7,461
6,023
7,461
6,023
2,075
87
117
2,279
3,623
7,461
6,023
9

10. MODERATE, ACHIEVABLE PRODUCTION GROWTH
Low political risk, mining-friendly jurisdictions
Payable Gold Production Profile (oz)
1,300,000
1,250,000
1,200,000
1,150,000
1,100,000
1,050,000
1,000,000
950,000
900,000
2011A
2012A
2013A
Actual
agnicoeagle.com
2014E
2015E
2016E
Estimate
10

11. PROJECTED CAPITAL SPENDING
Capital Expenditures (US$ 000’s)
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
2008A
2009A
2010A
Actual
agnicoeagle.com
2011A
2012A
2013A
2014E
Estimate
11

12. PROVEN AND PROBABLE RESERVES
Reserves remain robust at $1200 gold – average grade increased by 11% to 3.5 g/t gold
Proven & Probable Reserves as December 31, 2013
20,000
19,000
18,681
963
18,000
Au oz ('000)
-440
- 1,099
17,000
16,865
-1,240
16,000
15,000
14,000
13,000
12,000
11,000
10,000
Reserves
Dec 2012
agnicoeagle.com
Production 2013
(Oz Insitu)
Drilling
Impact
New Mining Plan
Lower Metal Prices
Reserves
Dec 2013
12

13. MANAGING TO THE LOWER GOLD PRICE
• Record production in 2013 helps offset lower commodity price impact
• Continued higher grades at Meadowbank expected to drive strong 1H 2014
production
• Cost optimization programs lead to lower minesite costs per tonne at all assets
• 16% production growth forecast through 2016
• Reserve quality improves at most assets (average gold grade up11%) despite
lower gold price assumption
• Reduced dividend payout provides financial flexibility to reinvest in the business
agnicoeagle.com
13

14. APPENDIX
agnicoeagle.com

15. NORTHERN
BUSINESS
agnicoeagle.com

16. MEADOWBANK
Record production in 2013
•
•
•
In 2013, reserve grade at Meadowbank
improved 16% to 3.24 g/t gold due to
reinterpretation of Goose and Portage
block models
Record low minesite costs per tonne in
the fourth quarter expected to continue in
2014
With increased grades and accelerated
stripping at Goose, Meadowbank
expected to have strong first half
production in 2014
agnicoeagle.com
P&P GOLD RESERVES (million oz)
1.8
AVERAGE GOLD RESERVE GRADE (g/t)
3.2
Indicated gold resource (million oz)
(7.3 M tonnes @ 3.28 g/t)
0.8
Inferred gold resource (million oz)
(3.3 M tonnes @ 3.96 g/t)
0.4
Estimated LOM (years)
4
See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources.
16

17. LARONDE
In 2014, 80% of ore expected to be sourced from deeper higher grade zones
•
Cooling plant now operational - provides
additional flexibility to mining plan
•
Production from deeper, higher grade
area of the mine expected to ramp up
substantially through 2016
•
•
In 2015, new ore conveyor system
expected to be installed in the deeper
portion of the mine – should help further
reduce costs and congestion
P&P GOLD RESERVES (million oz)
3.9
AVERAGE GOLD RESERVE GRADE (g/t)
5.0
Indicated gold resource (million oz)
(4.2 M tonnes @ 2.12 g/t)
0.3
Inferred gold resource (million oz)
(10.5 M tonnes @ 4.61 g/t)
1.6
Estimated LOM (years)
14
See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources.
Reserve grade increased from 4.5 g/t to
5 g/t gold
agnicoeagle.com
17

18. FINLAND - KITTILA
Long life asset with further expansion potential
•
Record annual mill recovery of 90.2% in 2013
•
750 tpd mill expansion remains on budget with start-up expected in
mid-2015
•
Production shaft and Rimpi Zone development under consideration
– shaft could provide operational savings and sustain long-term
production at higher throughput levels
P&P GOLD RESERVES (million oz)
4.7
AVERAGE GOLD RESERVE GRADE (g/t)
4.6
Measured & Indicated gold resource
(million oz)
(11.0 M tonnes @ 2.79 g/t)
1.0
Inferred gold resource (million oz)
(7.5 M tonnes @ 4.12 g/t)
1.0
Estimated LOM (years)
25
See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources.
agnicoeagle.com
18

19. GOLDEX
Commercial production declared on the M and E satellite zones in Q4 2013
P&P GOLD RESERVES (million oz)
•
•
19,305 oz gold produced during fourth
quarter 2013, exceeding 15,000 oz
guidance
Throughput expected to increase to
6,000 tpd in 2015
0.4
AVERAGE GOLD RESERVE GRADE (g/t)
1.5
Measured & Indicated gold resource (million oz)
(30.1 M tonnes @ 1.96 g/t)
1.9
Inferred gold resource (million oz)
(26.1 M tonnes @ 1.64 g/t)
1.4
Estimated LOM (years)
•
Development activities will begin on
the MX and E2 satellite zones in 2014
with exploration activities to continue
on other zones
•
4
Newly acquired Akasaba West deposit
could provide future mill feed to
Agnico’s Abitibi facilities
agnicoeagle.com
See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources.
19

20. LAPA
Strong cost containment and steady production in 2013
•
Improved minesite costs due to ongoing
cost saving measures
•
Steady state operation
•
Positive exploration results in the Zulapa
area could extend the mine life
P&P GOLD RESERVES (million oz)
0.3
AVERAGE GOLD RESERVE GRADE (g/t)
6.0
Indicated gold resource (million oz)
(1.6 M tonnes @ 4.28 g/t)
0.2
Inferred gold resource (million oz)
(1.0 M tonnes @ 5.49 g/t)
0.2
Estimated LOM (years)
3
See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources.
agnicoeagle.com
20

21. MELIADINE
Ramp extension in 2014 provides development flexibility
• 2014 capital expenditures forecast to be
$47 million
– Main focus on ramp development
– Program also includes in-fill
drilling on Tiriganiaq and
Wesmeg/ Normeg zones
• Reserve grade increased from 7.0 g/t to
7.4 g/t gold
P&P GOLD RESERVES (million oz)
2.8
AVERAGE GOLD RESERVE GRADE (g/t)
7.4
Indicated gold resource (million oz)
(19.0 M tonnes @ 5.05 g/t)
Inferred gold resource (million oz)
(11.7 M tonnes @ 7.20 g/t)
3.1
2.7
See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources.
• Encouraging exploration results from
Tiriganiaq, Normeg, Pump South, and F
Zones in 2013
• Updated technical study on track for Q4
2014
agnicoeagle.com
21

22. SOUTHERN
BUSINESS
agnicoeagle.com

23. MEXICO – PINOS ALTOS & CRESTON MASCOTA
Strong mill performance at Pinos Altos continued in 2013
•
Phase 3 leach pad construction at Creston
Mascota expected to be completed by late
March 2014
•
Shaft sinking project at Pinos Altos on
schedule for 2015 startup which should allow
for better matching of mill and mining capacity
•
At Pinos Altos, evaluation continues on a
number of potential satellite deposits that could
enhance production and cost profile
P&P GOLD RESERVES (million oz)
2.3
AVERAGE GOLD RESERVE GRADE (g/t)
2.5
Indicated gold resource (million oz)
(13.9 M tonnes @ 1.54 g/t)
0.7
Inferred gold resource (million oz)
(17.7 M tonnes @ 1.28 g/t)
0.7
Estimated LOM (years)
17
See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources.
agnicoeagle.com
23

24. LA INDIA
Commercial production expected in Q1 2014
•
In 2013 mine reported 3,180 oz precommercial gold production
•
Throughput continues to ramp up - stacking
rates currently averaging approx. 12,000 tpd
•
Further work planned in 2014 to better
define mineral domains of known sulfide
mineralization
P&P GOLD RESERVES (million oz)
0.8
AVERAGE GOLD RESERVE GRADE (g/t)
0.9
Measured & Indicated gold resource (million
oz)
(56.2 M tonnes @ 0.38 g/t)
0.7
Inferred gold resource (million oz)
(82.1 M tonnes @ 0.36 g/t)
1.0
Estimated LOM (years)
8
See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources.
agnicoeagle.com
24

25. GOLD AND SILVER RESERVES AND RESOURCES
December 31, 2013
Gold
Tonnes
Gold (g/t)
(000’s)
Gold (ounces)
(000’s)
Silver
Tonnes
Silver (g/t)
(000’s)
Silver (ounces)
(000’s)
North Proven & Probable
93,618
4.60
13,841
North Proven & Probable
24,127
19.59
15,192
South Proven & Probable
55,800
1.69
3,024
South Proven & Probable
28,703
64.32
59,354
149,418
3.51
16,865
Total Reserves
52,830
43.89
74,546
North Measured &
Indicated Resources
86,869
2.96
8,276
North Measured &
Indicated Resources
4,242
32.53
4,436
South Measured &
Indicated Resources
70,171
0.61
1,378
South Measured &
Indicated Resources
13,935
33.63
15,066
Total Measured &
Indicated Resources
157,040
1.91
9,654
Total Measured &
Indicated Resources
18,177
33.37
19,502
North Inferred Resources
69,674
3.77
8,434
North Inferred Resources
10,536
14.72
4,986
South Inferred Resources
99,795
0.53
1,686
South Inferred Resources
17,707
26.28
14,962
Total Inferred Resources
169,470
1.86
10,121
Total Inferred Resources
28,243
21.97
19,948
Total Reserves
See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources. Reserves are not a subset of resources.
agnicoeagle.com
25

26. COPPER, ZINC AND LEAD RESERVES AND RESOURCES
December 31, 2013
Copper
North Proven &
Probable
Tonnes Copper Copper
(000’s)
(%) (tonnes)
24,127
0.25
59,519
North Measured
& Indicated
Resources
24,127
4,242
0.25
0.16
59,519
Total Reserves
6,981
North Measured
& Indicated
Resources
South Measured
& Indicated
Resources
Total Measured
& Indicated
Resources
North Inferred
Resources
24,127
0.67 161,108
4,242
0.16
6,981
10,536
0.27
28,118
Total Measured &
Indicated
Resources
North Inferred
Resources
24,127
0.27
28,118
Total Inferred
Resources
North Proven &
Probable
Tonnes
(000’s)
Lead
(%)
Lead
(tonnes)
24,127
0.04
9,964
4,242
0.67 161,108
Total Reserves
24,127
0.04
9,964
1.61
North Measured
& Indicated
Resources
4,242
0.16
6,793
4,242
0.16
6,793
10,536
0.05
5,176
10,536
0.05
5,176
68,127
South Measured
& Indicated
Resources
4,242
1.61
68,127
Total Measured
& Indicated
Resources
10,536
0.55
58,463
North Inferred
Resources
South Inferred
Resources
South Inferred
Resources
10,536
Lead
South Proven &
Probable
South Measured
& Indicated
Resources
South Inferred
Resources
Total Inferred
Resources
North Proven &
Probable
Tonnes Zinc
Zinc
(000’s) (%) (tonnes)
South Proven &
Probable
South Proven &
Probable
Total Reserves
Zinc
10,536
0.55
58,463
Total Inferred
Resources
See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources. Reserves are not a subset of resources.
agnicoeagle.com
26

27. 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 and
other U.S. filings, which may be obtained from us, or from the SEC’s website at: http://sec.gov/edgar.shtml.
In prior periods, reserves for all properties were typically estimated using historic three-year average metals prices and foreign exchange rates in accordance with the SEC
guidelines. These guidelines require 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. Given the current lower commodity price environment, Agnico Eagle has decided to use price assumptions that are below the three-year
averages. The assumptions used for the mineral reserves estimates at all mines and advanced projects as of December 31, 2013, reported by the Company on February 12,
2014, are $1,200 per ounce gold, $18.00 per ounce silver, $0.82 per pound zinc, $3.00 per pound copper, $0.91 per pound lead and C$/US$, US$/Euro and MXP/US$ exchange
rates of 1.03, 1.32 and 12.75, 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.
agnicoeagle.com
agnicoeagle.com
27

28. 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 presentation is December 31, 2013. Additional information about each of the mineral
projects that is required by NI 43-101, sections 3.2 and 3.3 and paragraphs 3.4 (a), (c) and (d) can be found in the Technical Reports referred to above, which may be found at
www.sedar.com. Other important operating information can be found in the Company’s Form 20-F and the news release dated February 12, 2014.
The mineral reserve and resource information has been reviewed and approved by Daniel Doucet, Corporate Director, Reserve Development, under the supervision of Alain
Blackburn, Senior Vice-President, Exploration. Both Mr. Doucet and Mr. Blackburn are designated P.Eng. with the Ordre ingenieurs du Quebec and qualified persons as defined
by NI 43-101.
agnicoeagle.com
agnicoeagle.com
28

29. agnicoeagle.com
Trading Symbol:
AEM on TSX & NYSE
Investor Relations:
416-847-8665
info@agnicoeagle.com
agnicoeagle.com