The Meadowbank and Meliadine Experience “ and Exploring North of 60”

Jean Robitaille SVP Technical Services and Project Development Agnico Eagle Mines Limited RBC Capital Markets Louise Grondin North of 60 Conference SVP Environment and April 30, 2013 Sustainable Development Toronto agnicoeagle.com Agnico Eagle Mines Limited FORWARD LOOKING STATEMENTS

The information in this document has been prepared as at April 30, 2013. 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, 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 13, 2013 press release on the Company’s website. That press release also lists the Qualified Persons for each project.

agnicoeagle.com 2 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, 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 AGENDA • Introduction • History of AEM’s 1st venture in • Why Meadowbank ? • Permitting in Nunavut • Meadowbank Mine: - Infrastructure - Geology - Challenges - Accomplishments - Meadowbank Today

• History of AEM’s 2nd venture in Nunavut • Meliadine Project: - Infrastructure - History and Acquisition Rationale - Geology - Exploration - Current Status • Summary

agnicoeagle.com 4 INTRODUCTION

Agnico Eagle has a 100% interest in the Meadowbank gold mine and the Meliadine gold development project, both located in Nunavut.

NUNAVUT TERRITORY NUNAVUT • • Railway Seasonal Shipping Scheduled Air Route

POLARIS MINE (closed)

NANISIVIK MINE (closed) MEADOWBANK LUPIN GOLD PROJECT (closed)

TAHERA DIAMONDS DIAVIK DIAMONDS

EKATI BAKER YELLOWKNIFE DIAMONDS LAKE RANKIN RAGLAN INLET MINE H u d s o n CHURCHILL B a y

agnicoeagle.com 5 HISTORY OF AEM’S FIRST VENTURE IN NUNAVUT: MEADOWBANK History & Permitting Milestones • 1987: First gold discovery • 1990-1992: AEM former 55% option (spent C$3.5 M) • 1997: Cumberland Resources acquires 100% for C$3.2M and 1.5M shares • 2005: Feasibility announced: 2.8 Moz P&P within 3.8 MI&I • 2006: Nunavut Impact Review Board recommends development of the project and an Impact & Benefits Agreement (IIBA) is signed with Kivalliq Inuit Association • 2007: Agnico Eagle acquires Cumberland for $750 million ($650 net of cash) • 2007 - 2010: Project construction – 8,500 tpd open pit and conventional mill with initial capex of $710 million • 2010: Commercial production achieved March 1

agnicoeagle.com 6 WHY MEADOWBANK?

Strategic Rationale

• Construction stage project with feasibility and permitting Finland essentially complete Kittila • Open pit operation, i.e. shorter time to production

• Synergy: could be operated from Canada its base of operations in Val d’Or Meadowbank

• Forecasted to provide significant U.S.A. Canada gold production starting in 2010 Nevada LaRonde, Goldex & Lapa • Located in a politically stable, pro- Canada mining jurisdiction Toronto, HQ • Offered additional exploration Mexico potential in a new camp Pinos Altos

agnicoeagle.com 7 PERMITTING IN NUNAVUT - INUIT OWNED LAND

Inuit Land Ownership

Inuit owned subsurface rights (35,000 km2 or less than 2% of Nunavut)

Inuit owned surface rights (350,000 km2 or 16% of Nunavut)

If claim on Inuit Owned Lands, agreements with Inuit Organisations will be required

Nunavut 1.9 million km2

agnicoeagle.com 8 INUIT ORGANIZATIONS

Sub-surface rights on Inuit Owned Lands are owned by Nunavut Tungavik Incorporated Qikiqktani or NTI

Surface rights on Inuit Kitikmeok Owned Lands are owned by the Regional Inuit Organization

Kivalliq

Meadowbank and Meliadine on Inuit Owned Lands in the

agnicoeagle.com 9 PERMITTING FOR EXPLORATION IN NUNAVUT

EXPLORATION

Screening by Nunavut Impact Review Board Approximately 6-12 months

Federal Gov’t or Nunavut Water Board Inuit Organization

Exploration Lease Type B Water License agnicoeagle.com 10 PERMITTING FOR MINING IN NUNAVUT – PROJECT CERTIFICATE

Construction and Submit Project Description to Nunavut Impact Operation Review Board with Application for Water Licence

Approved land use permit conformity with Nunavut Planning Commission

Screening by Nunavut Impact Review Board (NIRB)

Referred to NIRB Hearings Process Approximately Agreements with Inuit Organizations 3-4 years Environmental Impact Inuit Impact Mining Lease Assessment & Public Benefit Hearings Agreement (IIBA) Nunavut Water Board (NWB) Project Certificate Assessment and Public Hearings Water Surface Lease Compensation Agreement Type A Water License

Project Construction can start agnicoeagle.com 11 MEADOWBANK INFRASTRUCTURE : Air and water access

• Meadowbank supported from Val d’Or (air): - Mine staff - Technical Services - Administration - Supplies • Supplies shipped by barge (2-3 month shipping season )

agnicoeagle.com 12 MEADOWBANK INFRASTRUCTURE: Road

All season access via a 102 • MEADOWBANK km conventional gravel road

• Construction started winter 2007 and finished in 2008

Whitehills Lake

Conventional Road

Bridge Crossing

0 10 Kilometres AIRPORT BAKER LAKE Baker agnicoeagle.com Lake 13 MEADOWBANK PROJECT – APRIL 2007 Current Status - 2006 Site Construction

Camp Facilities Airstrip

Crushing Plant

5.6 M litre Fuel Tank Pad

agnicoeagle.com 14 MEADOWBANK PROJECT – 2012

Meadowbank Access Goose Pit

airstrip

Portage Pit

agnicoeagle.com 15 MEADOWBANK GEOLOGY

agnicoeagle.com 16 MEADOWBANK CHALLENGES

Prior to Start Up • AEM had limited experience • Logistics – limited shipping season, air transport issues • Fuel storage and management • Mining in a lake: dewatering dikes • Staffing – management team, training of Inuit workforce

After Start Up • Mining – blizzard and cold temperatures– temporary shutdowns and equipment issues – mining in permafrost – dewater to mine • Process plant - challenges reaching 8,500 tpd capacity • Ore storage - frozen stockpiles • Dilution - narrow mining widths, ore zone angle and ore dispersion from blasting • Turnover: 229 Inuit departures in 2011 (permanent and temporary) • Kitchen fire in 2011

agnicoeagle.com 17 MEADOWBANK ACCOMPLISHMENTS

• Block model confirmed – locally better grade reconciliation • June 2011 - Installed permanent secondary crusher, which allowed Q1 : 11,300 tpd designed mill throughput of 8,500 tpd to be consistently exceeded (now >11,000 tpd) • Feb. 2012 - New optimized mine plan which reduced ore and waste Secondary crusher increased throughput from 6,800 tpd in mid tonnes by 36% 2011 to 11,300 in Q1, 2013 • Now have a well trained Inuit and expat workforce with arctic experience, ~32% Inuit workforce

agnicoeagle.com 18 MEADOWBANK TODAY

• Record performance in 2012 P&P GOLD RESERVES (million oz) 2.3

• Expected to produce about 360,000 AVERAGE GOLD RESERVE 2.8 ozs at $985/oz in 2013. GRADE (g/t) Measured & Indicated resource • 2012 reserve growth (at higher (million oz) 0.8 grades) could have a positive impact (10.3 M tonnes @ 2.49 g/t) Inferred resource (million oz) on the current six year mine life 0.4 (3.6 M tonnes @ 3.81 g/t)

2013 Sustaining capital (est.) $40 2013 exploration budget $4M

See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.

agnicoeagle.com 19 MELIADINE - PROJECT HISTORY

History & Permitting Milestones • 1972: First gold discovery reported by Rankin Nickel Syndicate at Tonic Lake

• 1989: Asamera & Comaplex Minerals find the Discovery deposit (4.4 g/t over 4.0m) and form a 50:50 JV

• 1993: Discovery of Tiriganiaq (17.2/ g/t over 1.1m), F Zone and Pump Zones

• 1994: Asamera sells its interest to Cumberland Resources

• 1995: WMC options the Meliadine West property

• 2003: Comaplex Minerals buys WMC 56% interest to own 78% of the property, Resource Capital Fund holds 50% interest in Meliadine East

• 2010: Comaplex acquires remaining interest in Meliadine East

• 2010: AEM acquires Comaplex in July for $668 million and gets 100% of the Meliadine property.

agnicoeagle.com 20 MELIADINE INFRASTRUCTURE

• Similar concept to Meadowbank • Shorter road access (~24 km) to a larger community () • Airport can support larger aircraft • Slightly longer shipping season with better port facility

agnicoeagle.com 21 WHY MELIADINE?

Strategic Rationale

• Better infrastructure than Meadowbank • Large resource base with higher-grade UG component • Successor operation to Meadowbank • Management and workforce now well experienced with arctic operations • AEM has built up strong relationships with the government and local suppliers in Nunavut • Located in a politically stable, pro-mining jurisdiction • 100% ownership of an 80 km long belt with significant exploration potential

agnicoeagle.com 22 MELIADINE GEOLOGY – 80 KM LONG BELT

agnicoeagle.com 23 MELIADINE PROJECT – RESERVES & RESOURCES

• 2012 exploration resulted in significant new P&P GOLD RESERVES (million oz) 3.0 resources, primarily at the new Normeg AVERAGE GOLD RESERVE GRADE 7.0 deposit (g/t) Indicated gold resource (million oz) 2.2 • Normeg is about 100 metres from the main (17.2 M tonnes @ 3.9 g/t) Inferred gold resource (million oz) 2.9 Tiriganiaq deposit (14.8 M tonnes @ 6.2 g/t) - could enhance overall project economics

See AEM Feb 13, 2013 press release for detailed breakdown of reserves and resources.

agnicoeagle.com 24 2013 MELIADINE EXPLORATION PROGRAM

• $31 million exploration program Portal for 2013 • Drilling restarted in March • 9 rigs currently operating • 90,000 m drilling planned - Conversion of existing resources - Extension of known deposits • Potential for the discovery of new zones like Normeg

• Portal cover will be installed this year to allow restart of exploration ramp

agnicoeagle.com 25 MELIADINE PROJECT – CURRENT STATUS

• Road connected to camp in March - Final construction this summer • Alternate energy study underway - LNG and wind power 65m bridge span over Meliadine river • Expect updated technical study in 2014 - Potential OP and UG operation • Permitting activities are ongoing - Project certificate expected in 2014 - Potential for first production in 2018

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