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Technical Report on Production of the M and E Zones at Goldex Mine

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Technical Report on Production of the M and E Zones at Goldex Mine Technical Report on Production of the M and E Zones at Goldex Mine NTS 32C/04, UTM: 286,065 metres East, 5,330,586 metres North PREPARED FOR Agnico-Eagle Mines Limited 145 King Street East, Suite 400 Toronto, Ontario, Canada M5C 2Y7 Telephone: / 416.947.1212 Facsimile: / 416.367.4681 BY Richard Genest, P.Geo., ing. Jean-François Lagueux, ing. François Robichaud, ing. Sylvain Boily, ing. October 14, 2012 Date and Signature Page The effective date of this Technical Report is October 14, 2012. The undersigned are all qualified persons and were responsible for preparing or supervising the preparation of parts of this Technical Report, as described in Item 2. By (signed) Richard Genest Date November 1, 2012 Richard Genest P. Geo., ing. (OGQ #889; OIQ #33725); (sealed) By (signed) Jean-François Lagueux Date November 1, 2012 Jean-François Lagueux, ing. (OIQ #133421); (sealed) By (signed) François Robichaud Date November 1, 2012 François Robichaud, ing. (OIQ #122668); (sealed) By (signed) Sylvain Boily Date November 1, 2012 Sylvain Boily, ing. (OIQ #45681); (sealed) Goldex Mine Technical Report, October 14, 2012 ii Contents Date and Signature Page ................................................................................................................. ii List of Figures ................................................................................................................................. x List of Tables ............................................................................................................................... xiii Item 1. Executive Summary ...................................................................................................... 1 1.1 Property Description and Ownership ............................................................................... 1 1.2 Geology and Mineralization ............................................................................................. 1 1.3 Mine Development and Operation ................................................................................... 3 1.4 Mineral resource and reserve estimates ........................................................................... 4 1.5 Conclusions and Recommendations................................................................................. 5 Item 2. Introduction .................................................................................................................. 7 2.1 Terms of reference and sources of information ............................................................... 7 2.2 Qualified Persons ............................................................................................................. 8 2.3 Units of Measurement and Abbreviations ........................................................................ 9 Item 3. Reliance on Other Experts .......................................................................................... 10 Item 4. Property Description and Location ............................................................................. 11 4.1 Location .......................................................................................................................... 11 4.2 Claim status and royalties .............................................................................................. 11 4.3 Permitting ....................................................................................................................... 15 4.4 Environmental liabilities ................................................................................................ 16 Item 5. Accessibility, Climate, Local Resources, Infrastructure and Physiography ............... 17 5.1 Accessibility ................................................................................................................... 17 5.2 Climate and vegetation ................................................................................................... 18 5.3 Infrastructure .................................................................................................................. 18 5.4 Physiography and water ................................................................................................. 19 5.5 Local resources ............................................................................................................... 19 Item 6. History ........................................................................................................................ 21 6.1 Early Exploration ........................................................................................................... 21 Goldex Mine Technical Report, October 14, 2012 iii 6.2 Goldex Mines Ltd........................................................................................................... 22 6.3 Agnico-Eagle Mines Ltd. – 1997-2008 .......................................................................... 23 6.4 Goldex Operation 2008 to 2011 ..................................................................................... 26 6.5 NI 43-101 Reserve Estimates ......................................................................................... 27 Item 7. Geological Setting and Mineralization ....................................................................... 29 7.1 Regional geology............................................................................................................ 29 7.2 Local geology ................................................................................................................. 30 7.3 Property geology ............................................................................................................ 31 7.4 Mineralization ................................................................................................................ 33 7.4.1 Control of mineralization ........................................................................................ 34 7.4.2 South Zones ............................................................................................................ 35 7.4.3 West Zone ............................................................................................................... 36 7.4.4 D Zone .................................................................................................................... 36 7.4.5 M and M2 Zone ...................................................................................................... 37 7.4.6 Goldex Extension Zone (GEZ) ............................................................................... 38 7.4.7 S Zone ..................................................................................................................... 40 7.4.8 E Zone ..................................................................................................................... 40 7.4.9 P Zone ..................................................................................................................... 42 Item 8. Deposit Types ............................................................................................................. 43 Item 9. Exploration ................................................................................................................. 43 Item 10. Drilling........................................................................................................................ 44 10.1 Diamond drilling ............................................................................................................ 44 10.2 Drill-hole locations ......................................................................................................... 44 10.3 Chip sampling ................................................................................................................ 49 10.4 Drilling procedures ......................................................................................................... 49 10.4.1 Core size.................................................................................................................. 49 10.4.2 Drill-hole collar surveys ......................................................................................... 50 10.4.3 Downhole surveying ............................................................................................... 50 Goldex Mine Technical Report, October 14, 2012 iv 10.4.4 Core logging............................................................................................................ 50 10.4.5 Core storage ............................................................................................................ 50 10.4.6 Relationship between core length and true thickness ............................................. 50 10.5 Drill results and interpretation........................................................................................ 51 Item 11. Sample Preparation, Analyses and Security ............................................................... 52 11.1 Sample preparation and security .................................................................................... 52 11.1.1 Core sample quality and representativeness ........................................................... 53 11.1.2 Sample shipment ..................................................................................................... 53 11.2 Laboratory protocols ...................................................................................................... 54 11.2.1 Core samples (Bourlamaque Analytical Laboratories) ..........................................
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