AEM Agnico Eagle Mines Ltd

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934

For the month of February, 2015

Commission File Number 001-13422

AGNICO EAGLE MINES LIMITED

(Translation of registrant’s name into English)

145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F o Form 40-F x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)( 1): o

Note: Regulation S-T Rule 101 (b)( 1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(7): o

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes o No x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-              .

EXHIBITS

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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Exhibit 99.1

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

AGNICO EAGLE REPORTS FOURTH QUARTER AND FULL YEAR 2014 RESULTS —
STRONG OPERATIONAL PERFORMANCE YIELDS RECORD ANNUAL
PRODUCTION; INITIAL RESOURCE DECLARED AT AMARUQ

Toronto (February 11, 2015) — Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) (“Agnico Eagle” or the “Company”) today reported a quarterly net loss of $21.3 million, or a net loss of $0.10 per share for the fourth quarter of 2014.  This result includes a non-cash foreign currency translation loss on deferred tax liabilities of $20.3 million ($0.10 per share), various mark-to-market adjustment losses of $5.0 million ($0.02 per share), unrealized losses on financial instruments of $7.7 million ($0.04 per share), non-cash foreign currency translation losses of $7.0 million ($0.03 per share), non-cash stock option expense of $3.5 million ($0.02 per share) and non-recurring gains of $5.6 million ($0.03). Excluding these items would result in adjusted net income of $16.6 million ($0.08 per share) for the fourth quarter of 2014.  In the fourth quarter of 2013, the Company reported a net loss of $780.3 million or a net loss of $4.49 per share, which included a $1.0 billion impairment loss.

Fourth quarter 2014 cash provided by operating activities was $164.0 million ($152.2 million before changes in non-cash components of working capital), this compares to cash provided by operating activities of $140.8 million in the fourth quarter of 2013 ($135.8 million before changes in non-cash components of working capital).  The slight increase in cash flow before changes in working capital during the current period was largely due to higher production which more than offset lower realized gold and silver prices (down 10% and 23% respectively, period over period).

“Our operations continue to perform well, which allowed us to exceed both our production and cost guidance for the third year in a row.  With projected year-over-year production growth of 12%, lower fuel costs and weaker local currencies anticipated in Canada, Mexico and Finland, we expect to have another strong year in 2015”, said Sean Boyd, President and Chief Executive Officer.  “It should also be an exciting year on the exploration front, with drilling activities underway at most of our mines, and significant programs planned at our Amaruq project in Nunavut and El Barqueno project in Mexico.  Given the strong potential to expand the initial 1.5 million ounce resource at Amaruq, and the recent positive permitting news at Meliadine, we expect to unlock additional value from our Nunavut platform in 2015”, added Mr. Boyd.

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Fourth quarter, full year 2014 and recent highlights include:

·                  Record annual gold production — Payable gold production1 in 2014 was 1,429,288 ounces at total cash costs2 per ounce on a by-product basis of $637, compared to guidance of 1,400,000 ounces at total cash costs per ounce on a by-product basis of $663. All-in sustaining costs3 (“AISC”) for 2014 was $954 per ounce on a by-product basis, which is below the previous 2014 guidance of $990 per ounce on a by-product basis.

·                  Record fourth quarter production — Payable production in Q4 2014 was 387,538 ounces of gold at total cash costs per ounce on a by-product basis of $662

·                  2015 guidance maintained — Production for 2015 is expected to be approximately 1.6 million ounces of gold with total cash costs on a by-product basis of $610 to $630 per ounce. AISC are forecast to be approximately $880 to $900 per ounce

·                  Year-over-year increase in reserves and resources — With the acquisition of Osisko Mining Corporation, reserves at year end 2014 were 20.0 million ounces compared to 16.9 million ounces at year end 2013.  Measured and indicated

1Payable 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.

2Total cash costs per ounce is a Non-GAAP measure.  For a reconciliation to production costs, see “Reconciliation of Non-GAAP Financial Performance Measures — Reconciliation of Production Costs to Total Cash Costs per Ounce of Gold Produced by Mine” below.  Total cash costs per ounce of gold produced is presented on both a by-product basis (deducting by-product metal revenues from production costs) and co-product basis (before by-product metal revenues). Total cash costs per ounce of gold produced on a by-product basis is calculated by adjusting production costs as recorded in the consolidated statements of income (loss) for by-product revenues, unsold concentrate inventory production costs, smelting, refining and marketing charges and other adjustments, and then dividing by the number of ounces of gold produced. Total cash costs per ounce of gold produced on a co-product basis is calculated in the same manner as total cash costs per ounce of gold produced on a by-product basis except that no adjustment for by-product metal revenues is made. See “Note Regarding Certain Measures of Performance”. For information about the Company’s total cash costs per ounce on a co-product basis please see “Reconciliation of Non-GAAP Performance Measures”

3All-in-sustaining costs is a Non-GAAP measure and is used to show the full cost of gold production from current operations. For a reconciliation to production costs, see “Reconciliation of Non-GAAP Financial Performance Measures — Reconciliation of Production Costs to All-In Sustaining costs” below. The Company calculates all-in sustaining costs per ounce of gold produced as the aggregate of total cash costs on a by-product basis, sustaining capital expenditures (including capitalized exploration), general and administrative expenses (including stock option expense) and reclamation expenses divided by the amount of gold produced.  The Company’s methodology for calculating all-in sustaining costs may not be similar to the methodology used by other producers that disclose all-in sustaining costs. See “Note Regarding Certain Measures of Performance”.  The Company may change the methodology it uses to calculate all-in sustaining costs in the future, including in response to the adoption of formal industry guidance regarding this measure by the World Gold Council.

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resources and inferred resources also increased by approximately 56% and 33%, respectively, over the 2013 period

·                  Continued focus on reserve quality and improved grades - Increased gold reserve grades at LaRonde (5.20 g/t versus 5.00 g/t), Kittila (4.93 g/t versus 4.64 g/t) and Pinos Altos (3.01 g/t versus 2.84 g/t)

·                  Increased reserves, resources and positive permitting progress in Nunavut - Initial inferred resource of 1.5 million ounces (6.6 million tonnes grading 7.07 g/t gold) reported at Amaruq project.  Meliadine reserves increased by approximately 500,000 ounces to 3.3 million ounces (at a grade of 7.44 g/t gold), and the Project Certificate setting out the terms on which the project can proceed is expected within the next two months

·                  Proceeds from sale of Probe Mines shares used to reduce debt — In Q1 2015, $30 million was repaid on the credit line.

·                  A quarterly dividend of $0.08 per share declared

New Three Year Guidance Plan - Stable Production and Cost Profile

Highlights from the new production and cost guidance for 2015 to 2017 include:

·                  In 2015, payable gold production is expected to be approximately 1,600,000 ounces (a 12% increase from 2014 levels), while total cash costs per ounce on a by-product basis are expected to be $610 to $630.  Previous guidance for 2015 (from the February 2014 forecast) was 1,250,000 ounces at a total cash cost on a by-product basis of less than $678 per ounce

·                  Consolidated AISC for 2015 are expected to be approximately $880 to $900 per ounce.  In 2016 and 2017, the goal is to further reduce the AISC below the forecast for 2015

·                  The estimated production level in 2017 is currently forecast to be approximately 1.5 million ounces.  However, studies are underway at the following projects and may further enhance the Company’s production profile:

·                  Expansion of the Vault Deposit at Meadowbank

·                  Development of the Deep Zone at Goldex

·                  Production from Akasaba West at Goldex

·                  Rimpi Zone Development at Kittila

·                  Development of the Kuotko satellite deposit at Kittila

·                  The Amaruq and Meliadine projects in Nunavut have the potential to add to the Company’s production profile in 2019 and beyond

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Fourth Quarter and Full Year 2014 Financial and Production Highlights

For the full year 2014, the Company recorded net income of $83.0 million, or $0.43 per share.  In 2013, Agnico Eagle recorded a net loss of $686.7 million, or a net loss of $3.97 per share (a $1.0 billion impairment loss on mining assets and goodwill was recorded in 2013 as a result of the sharp decline in the market price of gold).  Compared with the prior year, 2014 earnings were positively affected by higher gold production, favourable foreign exchange rate movements, the acquisition of the Canadian Malartic mine, the ramp up of the Goldex Mine and the start-up of the new La India mine.

For 2014, cash provided by operating activities was $668.3 million ($628.6 million before changes in non-cash components of working capital).  This represents an increase over 2013, when cash provided by operating activities totaled $481.0 million ($559.3 million before changes in non-cash components of working capital).  The increase was primarily due to significantly higher gold production in 2014 resulting from the acquisition of the Canadian Malartic mine.

In the fourth quarter of 2014, strong operational performance continued at the Company’s mines, which led to record quarterly and annual gold production.

Payable gold production in the fourth quarter of 2014 was a record 387,538 ounces compared to 322,443 ounces in the fourth quarter of 2013.  A detailed description of the production and cost performance of each mine is set out below.

Total cash costs per ounce on a by-product basis for the fourth quarter of 2014 were $662 versus $591 per ounce for the fourth quarter 2013.  The increase in total cash costs per ounce on a by-product basis in the fourth quarter of 2014 is mainly due to lower production levels at the Meadowbank mine (record quarterly gold production was realized in the fourth quarter of 2013), the inclusion of Canadian Malartic production (at slightly higher costs), lower mill recoveries at Kittila and lower by-product metals production and revenue.

For the fourth straight year, Agnico Eagle has reported record annual gold production. The Company’s payable gold production for the full year 2014 was 1,429,288 ounces at total cash costs per ounce on a by-product basis of $637.  This compares to the full year 2013 level of 1,099,335 ounces at total cash costs per ounce on a by-product basis of $648.  The improvement in gold production in 2014 was a result of strong operating results from all of the mines, particularly LaRonde and Meadowbank, the ramp up of the Goldex and La India mines and the acquisition of the Canadian Malartic mine.  The decrease in total cash costs per ounce on a by-product basis in 2014 was primarily due to strong cost control initiatives at all of the mines, the positive impact of foreign exchange and higher gold production for 2014.

AISC for 2014 was $954 per ounce on a by-product basis, which is below the previous 2014 guidance of $990 per ounce on a by-product basis. The lower AISC is primarily due to lower than forecast total cash costs per ounce on a by-product basis in 2014.

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Quarterly Dividend Declared

Agnico Eagle’s Board of Directors has declared a quarterly cash dividend of $0.08 per common share, payable on March 16, 2015 to shareholders of record as of March 2, 2015.  Agnico Eagle has now declared a cash dividend every year since 1983.

Expected Dividend Record and Payment Dates for the Remainder of 2015

*Declared

Dividend Reinvestment Plan

Please follow the link below for information on the Company’s dividend reinvestment program. Dividend Reinvestment Plan

Conversion to International Financial Reporting Standards

The Company adopted International Financial Reporting Standards (“IFRS”) as of July 1, 2014 to enhance the comparability of its financial statements to the Company’s peers within the mining industry.  Prior to this conversion financial reporting was under US GAAP.  Financial results herein, including those for prior periods, have been calculated in accordance with IFRS.

Additional disclosure regarding the IFRS conversion will be included in the Company’s Management’s Discussion and Analysis expected to be filed in late March 2015 in respect of the year ended December 31, 2014.

Conference Call Tomorrow

The Company’s senior management will host a conference call on Thursday, February 12, 2015 at 11:00 AM (E.S.T.) to discuss financial and operating results.

Via Webcast:

A live audio webcast of the meeting will be available on the Company’s website www.agnicoeagle.com.

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Via Telephone:

For those preferring to listen by telephone, please dial 416-260-0113 or Toll-free 1-800-524-8950.  To ensure your participation, please call approximately five minutes prior to the scheduled start of the call.

Replay Archive:

Please dial 1-647-436-0148 or Toll-free 1-888-203-1112, access code 8252919. The conference call replay will expire on March 15, 2015 at 2:00 PM (E.S.T.).  The webcast along with presentation slides will be archived for 180 days on www.agnicoeagle.com.

Liquidity - Existing Cash and Credit Facilities Provide Flexibility; Operations Expected to Generate Net Free Cash Flow

Cash and cash equivalents and short term investments increased to $182.2 million at December 31, 2014, from the September 30, 2014 balance of $165.6 million.

Capital expenditures in the fourth quarter of 2014 were $133.4 million including $26.0 million at Kittila, $23.4 million at LaRonde, $17.7 million at Pinos Altos, $17.4 million at Canadian Malartic, $16.2 million at Meliadine, $12.2 million at Meadowbank, $10.6 million at Goldex, $4.2 million at Lapa, $2.9 million at Creston Mascota, $2.6 million at La India, and $0.2 million on other Canadian projects.  For the full year 2014, capital expenditures totaled $475.4 million, which was below expected levels of $499 million announced in the third quarter news release on October 29, 2014.  This decrease in capital spending is a reflection of capital and cost reduction initiatives that have been ongoing through the second half of 2014.

As of December 31, 2014, the Company had drawn down $500 million on its credit lines.  This results in available lines of approximately $700 million.

On January 21, 2015, Agnico Eagle entered into an agreement to sell a portion of its equity holdings in Probe Mines Limited to Goldcorp Inc.  Proceeds from this sale were used to make a $30 million repayment on the credit lines on February 9, 2015.

Three Year Guidance Plan Outlines a Stable Production and Cost Profile

The Company is announcing its production and cost guidance for the three-year period of 2015 through 2017.  Anticipated production in 2015 is expected to increase by approximately 12% from 2014 levels.

In 2015, payable gold production is expected to be approximately 1,600,000 ounces.  Total cash costs per ounce on a by-product basis in 2015 are expected to be in the range of $610 to $630.  Cash costs are expected to be lower in the second half of 2015 as a result of slightly higher production.  Previous guidance for 2015 (from the

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February 2014 forecast), which did not include the Canadian Malartic mine, was 1,250,000 ounces at a total cash cost on a by-product basis of approximately $678 per ounce.

LaRonde, Kittila, La India and Canadian Malartic are Key Production Growth Drivers Over the Next Three Years

At LaRonde, commissioning of the cooling plant in 2014 had a positive impact on operating flexibility and production at the mine.  With ongoing maturity of the mining fronts in the deeper portions of the mine, and a gradual increase in the grade towards the reserve grade of 5.2 g/t gold, production levels are expected to steadily increase through 2017 and beyond.

With the completion of the mill expansion in 2014, production at Kittila is expected to increase significantly. A priority focus at Kittila will be on developing the Rimpi zone through a ramp system to provide additional feed to the mill and enhance Kittila’s production profile.  Agnico Eagle is also evaluating the nearby Kuotko deposit (approximately 15 kilometers to the north) as potential open pit satellite feed for the Kittila mill.

In 2014, La India completed its ramp-up to full design capacity and is expected to maintain production at an annual rate of approximately 90,000 ounces over the next three years.  Initial studies are underway to evaluate the potential to expand future production at La India

By the second half of 2015, mill throughput at Canadian Malartic is expected to reach its design capacity of 55,000 tpd (partly contingent upon updating the existing operating permits), which should result in higher production levels.  Efforts are also underway to optimize the life-of-mine plan and further improve productivity and reduce costs.

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At current foreign exchange rates, total cash costs per ounce on a by-product basis for 2016 and 2017 are expected to be similar to the 2015 forecast.

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Consolidated all-in sustaining costs for 2015 are expected to be approximately $880 to $900 per ounce.  In 2016 and 2017, the goal is to further reduce the all-in sustaining cost below the level forecast for 2015.

Improved Three Year Gold Production Forecast

Since the prior three-year production guidance of February 12, 2014 (“Previous Guidance”), there have been a number of key operating developments, resulting in changes to the overall three-year production profile.  Descriptions of the major factors that contributed to these changes are detailed below.

Northern Business

At LaRonde, the new cooling and ventilation infrastructure that was commissioned in early 2014 has helped to enhance the productivity in the deeper portions of the mine.  Three mining horizons are now operational below level 215, which provides access to higher grade reserves.  A new coarse ore conveyor system that is scheduled to be commissioned in late 2015 should further enhance the flexibility in these areas.  The increased production forecasts through 2017 largely reflect an increase in grade closer to that of the average reserves.

4 Minesite costs per tonne is a non-GAAP measure. For a reconciliation of this measure to production costs as reported in the financial statements, see “Reconciliation of Non-GAAP Financial Performance Measures — Reconciliation of Production Costs to Minesite Costs per Tonne by Mine” below.  See also “Note Regarding Certain Measures of Performance”.

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*does not include the 5% NSR

At Canadian Malartic (in which Agnico Eagle has 50% ownership), the current crushing circuit has a nameplate capacity of 55,000 tpd.  Throughput levels are forecast to be approximately 52,500 tpd in the first half of 2015, increasing to approximately 55,000 tpd in the second half of 2015.  Production at Canadian Malartic is forecast to be approximately 280,000 ounces of gold in 2015 to Agnico Eagle’s account.  The potential second half increase in throughput in 2015 is partly contingent upon updating the existing operating permits.  Forecasts for 2016 and 2017 assume a daily throughput rate of approximately 55,000 tpd.

At Lapa, 2015 and 2016 are the last two years of full production based on the current life of mine plan.  Production in these two years is expected to progressively decline due to lower tonnage and stope availability.  The current plan considers that the Lapa mine will only operate for a portion of 2016.  Additional exploration results from the Zulapa Z7 and Z8 zones could potentially extend the mine life beyond 2016.

The Goldex mine successfully started operations at the M and E zones in the fourth quarter of 2013.  Production in 2014 was ahead of guidance due to a faster than expected ramp up in mining rates.  Existing reserves and exploitation of the M3 and M4 zones are expected to keep production levels and costs relatively constant through 2017. Exploration and development has been accelerated on the Deep Zone with the goal of outlining a mineable reserve and completion of a technical study by late 2015 or early 2016.  Development of the Deep Zone and the nearby Akasaba West deposit have the potential to extend the mine’s life and/or production rate well beyond 2017.

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Expansion of the Kittila mill was essentially completed at the end of the third quarter of 2014, approximately six months ahead of schedule.  The expansion provided upgrades to both the grinding and flotation circuits and the oxidation and cyanidation circuits. During the fourth quarter of 2014, activities focused on ramping up throughput to the 4,000 tpd nameplate capacity (early indications have shown that the plant can potentially exceed this capacity).  Production in 2014 fell short of expected guidance due to the advancement of a 2015 planned mill shutdown (related to the expansion) in September 2014, the inability to access the remaining high-grade stopes in high-grade Suuri crown pillar, and fluctuations in mill productivity during the mill ramp up in the fourth quarter.

In order to utilize this increased capacity, the Company is looking at a combination of increased mine throughput and the processing of surface stockpiles. As part of the program to increase mine throughput, a priority focus will be on developing the Rimpi zone through a ramp system to provide sufficient future feed to the mill and enhance Kittila’s production profile.

At Meadowbank, 2014 production exceeded guidance largely due to the mining of higher than expected grades in the Goose pit in the first half of the year. Production levels are expected to gradually decline from 2015 to 2017 due to a decline in grade as the current reserve base is depleted.  In 2015, approximately 45% of the production is expected to occur in the first half of the year. Expected production increases in the second half of 2015 would be due to higher grades being mined from the Portage E3 pit.

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The Company is evaluating a potential expansion of the Vault pit, which could result in approximately 150,000 to 200,000 ounces being added to the mine plan starting in 2017.  A positive decision on the Vault expansion could affect the distribution of ounces produced in 2016 to 2018.  A decision on this expansion is expected to be made by the second half of 2015.  In addition, a major drill program is planned at Amaruq in 2015 to expand the initial 1.5 million ounce inferred resource base (see the discussion on reserves and resources below) with the goal of potentially developing the deposit as a satellite operation to Meadowbank.

Southern Business

At Pinos Altos, mill throughput has steadily increased from the original design rate of 4,000 tpd to the current average of approximately 5,500 tpd.  A series of improvements have contributed to increased production and cost reduction in the mining and processing areas. As a result of these improvements, the current production guidance for 2015 to 2017 is slightly higher than previously estimated.  Year-over-year variances in guidance for 2015 and 2016 are attributable to mine sequence and ore grade.

The completion of the Phase III heap leach pad and agglomeration projects, combined with the future expansion of the Phase IV heap leach pad, have resulted in slightly higher expected annual production for 2015 through 2017 at Creston Mascota. In 2015, further drilling is planned on the Bravo deposit to evaluate it as a potential source of additional production.

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Commercial production was declared at La India in February 2014, and the mine has now achieved its design expectation with annual production rates in 2015 to 2017 expected to be between 90,000 and 95,000 ounces.  The current guidance is unchanged from previous levels reported last year.

Near-term Projects Could Potentially Enhance Production in 2017 and Beyond

The current three year plan sets out estimated average annual gold production of approximately 1.6 million ounces through 2016.  The estimated production level in 2017 is currently forecast to be approximately 1.5 million ounces.  However, studies are underway at the following projects (none of which have yet been approved for construction) to further enhance the Company’s production profile:

·                  Expansion of the Vault Deposit at Meadowbank

·                  Development of the Deep Zone at Goldex

·                  Production from Akasaba West at Goldex

·                  Rimpi Zone Development at Kittila

·                  Development of the Kuotko satellite deposit at Kittila

Last year at Meadowbank, approximately 246,000 ounces were removed from reserves at the Vault deposit due to a change in the gold price assumption used to calculate reserves at the end of 2013.  Given the current favourable US to Canadian dollar foreign exchange rate and lower fuel costs, the Company is evaluating the potential for a portion of these ounces to be added back into the mine plan at Meadowbank starting in 2017.  A decision to proceed with the extraction of these additional ounces will likely be made by the second half of 2015.

At the Goldex mine, exploration and development activities have been accelerated on the Deep Zone (top of the D Zone) with the goal of outlining a mineable reserve and completion of a technical study by late 2015 or early 2016.  Development of the Deep Zone and the Akasaba West deposit (see below) could enhance production levels or extend the current mine life and reduce operating costs.

In January 2014, Agnico Eagle acquired the Akasaba West gold-copper deposit from Alexandria Minerals (AZX:TSXV) for C$5.0 million and a 2% NSR royalty on any gold production exceeding 210,000 ounces.  Located less than 30 km from Goldex, the Akasaba West deposit could potentially create flexibility and synergies for the Company’s operations in the Abitibi region by utilizing extra milling capacity at both Goldex and LaRonde, while reducing overall costs. Akasaba currently hosts an indicated resource of

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approximately 200,000 ounces (8.1 million tonnes at 0.77 g/t gold and 0.44% copper). Permitting and technical studies are underway with the goal of moving the project towards a production decision.

Drilling on the Rimpi Zone at Kittila has outlined a significant zone of mineralization with potentially wider widths and better grades than those currently being mined.  The underground ramp at Kittila is being extended to reach the Rimpi Zone, and it will also provide further underground drill access to test for additional depth extensions of the Rimpi, Suuri and Roura mineralized zones.  In addition, a surface ramp has been collared to test the Rimpi Zone at shallower depths.  With the potential for higher mill capacity, development of the Rimpi zone could result in increased future production levels at Kittila.

At the Kuotko deposit, located approximately 15 kilometers north of Kittila, a drilling program is expected to begin in March 2015 to infill and expand the existing 170,000 ounce inferred resource (1.8 million tonnes at 2.9 g/t gold).  Upon completion of the drilling, studies will be carried out to assess the viability of mining the deposit via an open pit.

Development/Expansion Projects in Nunavut and Mexico Expected to Provide Longer-term Growth Opportunities beyond 2017

The expansion and development projects set out below, which have not yet been approved for construction, have the potential to add to the Company’s production profile in 2018 and beyond.

Amaruq — Maiden Resource Suggests Good Potential to Extend Meadowbank Mine Life

The Amaruq project, which is located approximately 50 kilometres northwest of the Meadowbank mine in Nunavut, has declared its first resource within approximately 18 months from the commencement of exploration drilling.  In 2014, a $10 million exploration program was completed that consisted primarily of 31,598 metres of drilling (144 holes) and collection of environmental baseline data.

Permitting and preliminary engineering activities have continued for the possible construction of an all-weather exploration road linking the Amaruq exploration site to the Meadowbank mine. This road would facilitate exploration activities such as fuel, equipment and personnel transportation.

The 100% owned Amaruq property consists of 114,760 hectares of Inuit and federal crown land. Agnico Eagle acquired its initial interest in April 2013 pursuant to a mineral exploration agreement with Nunavut Tunngavik Incorporated.

A large portion of last year’s drill program was focused on the Whale Tail Zone, where 60 holes (17,261 metres) outlined up to 5 mineralized lenses along a strike length of 1.2

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kilometre and to a depth of up to 350 metres below surface.  Mineralization at Whale Tail remains open in all directions.

At year-end 2014, inferred resources at Amaruq were estimated to be 6.6 million tonnes at 7.1 g/t gold for a total of 1.5 million ounces of gold.  Of the total inferred resource, approximately 1.4 million ounces are contained in the Whale Tail deposit, with the balance hosted in the I, V, and R zones.

A 50,000 metre drill program (costing approximately $20 million) is expected to begin in March 2015, with the intent of infilling and expanding the known mineralized zones and testing other favourable targets (for additional details see the exploration section below). A resource update is expected in the second half of 2015, and the Company hopes to ultimately develop Amaruq as a satellite operation to Meadowbank.

Meliadine — Reserves Increased, and Technical Study Nearing Completion

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. The Company owns 100% of the 111,757 hectare property.

Activities in 2014 included infill and step-out diamond drilling, ramp development, permitting, camp operation and work on an updated technical study. In 2014, approximately 1,363 metres of underground development were completed, with the ramp now extending to a vertical depth of approximately 215 metres below the surface.

On January 27, 2015, the Minister of Aboriginal Affairs and Northern Development for Canada approved the environmental assessment findings and recommendations made by the Nunavut Impact Review Board (NIRB) on their Part 5 Review of the Meliadine project under the Nunavut Land Claim Agreement. The Minister directed the NIRB to issue Agnico Eagle with a Project Certificate for the Meliadine Gold Project setting out the terms and conditions under which the Meliadine project can proceed. These conditions were set out in the NIRB report that was submitted to the Minister on October 10, 2014. The NIRB will now convene all of the regulatory agencies for a final workshop which is expected to lead to the issuance of the Project Certificate within the next two months.

The issuance of the Project Certificate would enable Agnico Eagle to apply for the various operating permits/licenses/authorizations required to actually start construction and operation of a gold mine at Meliadine. One of the key permits is the Type A Water License which authorizes all water use and waste disposal requirements for the Meliadine mine during the construction, operation and ultimate reclamation phases of the project. The Company is currently working on this application with the intent to file with the Nunavut Water Board in the next few months.

The expected capital budget for 2015 is approximately $64 million.  Of this total, approximately $21 million is allocated towards underground development (2,500 metres).

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This development will allow for cost-effective exploration and conversion drilling of the deeper parts of the Tiriganiaq and Wesmeg/Normeg zones, which should provide a better understanding of the mineralization and help to optimize potential mining plans. A portion of the 2015 budget is also allocated to camp operation, construction activities, and permitting and technical services.

An updated technical study is progressing with completion expected later in the first quarter of 2015. The timing of estimating or making capital expenditures on the project beyond 2015 will be subject to Board approval and prevailing market conditions.

Pinos Altos/Mascota — Drilling and Further Studies Planned on Satellite Zones

At Pinos Altos and Mascota, approximately 14,000 metres of infill and conversion drilling are planned in 2015 for the Sinter, Bravo and Cubiro satellite deposits.  This drilling along with additional metallurgical testing and geotechnical studies will be used to further evaluate the potential to develop these zones as satellite deposits to the existing operations.

El Barqueno— Targeting an Initial Resource by the end of 2015

The El Barqueno property in Jalisco State, Mexico covers a land position which is larger than the strike radius of the mineralization at both the La India and Pinos Altos properties combined. Previous operators outlined several mineralized zones through surface exploration and diamond drilling.

The Company believes this property has the potential to host Pinos Altos style gold-silver mineralization (with potential copper credits) that could be developed as a combination open pit/underground mine with mill and heap leach processing.  As such, Agnico Eagle plans to carry out a $15 million exploration program this year to evaluate several of the known mineralized zones with a focus on developing an initial resource by year-end 2015. For additional details see the exploration section below.

Continued Capital Discipline Expected in 2015

At current spot input prices, Agnico Eagle expects to fund this year’s capital expenditures, which are estimated to total approximately $481 million, from operating cash flow.

The estimated capital expenditures for 2015 include approximately $304 million of sustaining capital at the mines and $164 million on new projects and expansions, as set out in the table below.  Additionally, approximately $13 million is estimated to be spent on capitalized exploration and approximately $94 million on expensed exploration (which is a 68% increase over 2014 levels), project evaluation and corporate development.

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2015 Exploration Program and Budget — Main Focus on Amaruq and El Barqueno

A large component of the 2015 exploration program will be focused on the Amaruq project near the Meadowbank mine in Nunavut and the El Barqueno project in Jalisco State, Mexico. These exploration programs are designed to infill and expand known deposits and test other favourable target areas.  The ultimate goal is to delineate reserves and resources that can supplement the Company’s existing production profile.

The Amaruq exploration camp is expected to reopen in late February 2015, with winter drilling to start in March 2015 and completion of the camp expansion to accommodate 80 personnel by late March 2015.

Drilling and field work in 2015, including ground geophysics, is planned to again focus on the Whale Tail zone (especially under the lake), with additional investigation of the I, V and R deposits and other known zones and targets (such as the boulder field with visible gold near Mammoth Lake).  The initial 2015 exploration program contemplates approximately 50,000 metres of drilling with a budget for approximately $20 million.  The 2015 program also includes engineering and permitting activities.

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At El Barqueno, the 2015 exploration budget is approximately $15 million and includes approximately 25,000 metres of drilling.  Currently, one drill rig is testing targets at the Angostura and Azteca zones, and two portable drills are operating at the Peña de Oro zone.

Depreciation Guidance

Agnico Eagle expects its 2015 depreciation and amortization expense to be in the range of $550 to $575 million.

General & Administrative Cost Guidance

Agnico Eagle expects 2015 general and administration expense to be between $68 to $78 million, excluding share based compensation.  In 2015, share based compensation is expected to be between $20 to $25 million including stock option expense (which is a non-cash item) of between $18 to $22 million, which is in line with previous years.

Please see the supplemental financial data section of the Financial and Operating Database on the Company’s website for additional historical financial data.

Tax Guidance for 2015

For 2015, the jurisdictional tax rates are expected to be:

Canada - 40% to 50%
Mexico - 35% to 40%
Finland - 20%

The Company’s overall tax rate is expected to be between 40% and 45%.

Gold Reserves increase 18% to Approximately 20.0M ounces, Reserve Grade Increased at Key Operations

To calculate the 2014 year-end reserves, the Company continued to use conservative assumptions ($1,150/ounce gold and $18/ounce silver, and a C$/US$ exchange rate of 1.08).

At year-end 2014, the Company’s proven and probable gold reserves (net of 2014 production) totaled 259 million tonnes grading 2.40 g/t gold, containing approximately 20.0 million ounces of gold. This is an increase of approximately 3.1 million ounces of gold in addition to the 1,429,288 ounces of payable gold production in 2014 (1,656,174 ounces of in-situ gold mined).

The increase in the Company’s reserves is largely due to its acquisition of a 50% interest in the Canadian Malartic mine in mid-June 2014. As of the end of 2014, Canadian

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Malartic (50% basis) has the Company’s second largest mineral reserves containing approximately 4.3 million ounces of gold.

While the Company’s reserves have increased 18% based on contained gold, the grade has decreased to 2.40 g/t gold. This is the result of the Canadian Malartic reserves being significantly lower grade than most of the other operations at 1.06 g/t gold. The average grade for the rest of the Company’s operations has increased to 3.69 g/t gold as of year-end 2014, compared with 3.51 g/t gold a year earlier.  Agnico Eagle has one of the highest reserve grades among its North American peers.

Highlights from the December 31, 2014 Reserve Statement:

·                  Gold reserves increased to approximately 20.0 million ounces from approximately 16.9 million a year ago

·                  Increased gold reserve grades at LaRonde (5.20 g/t versus 5.0 g/t), Kittila (4.93 g/t versus 4.64 g/t) and Pinos Altos (3.01 g/t versus 2.84 g/t)

·                  Not including Canadian Malartic, the average gold reserve grade at the Company’s operations increased to 3.69 g/t as of year-end 2014, compared with 3.51 g/t a year earlier.

·                  At Meliadine, there was an addition of 494,000 ounces of reserves and an increase in the reserve grade to 7.44 g/t gold from 7.38 g/t gold.

The Company’s year-end 2014 gold reserves are set out below:

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Amounts presented in the table and in this news release have been rounded to the nearest thousand. See “Detailed Mineral Reserve and Resource Data (as at December 31, 2014)” set out at the end of this news release for more details.

In prior years, economic parameters used to model reserves for all properties were calculated 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 SEC has interpreted to mean historic three-year average prices.  Given the current lower commodity price environment, Agnico Eagle has decided to continue to use more conservative gold and silver prices of $1,150 per ounce and $18 per ounce, respectively, for the December 2014 reserve estimates.  These prices are well below the three-year historic gold and silver price averages (from January 1, 2012 to December 31, 2014) of approximately $1,448 per ounce and $25 per ounce, respectively.

For the December 2014 reserve calculations, the same economic parameters were used at all of the Company’s mines and advanced projects, except for the Canadian Malartic mine. The Canadian Malartic Partnership, owned by Agnico Eagle (50%) and Yamana Gold Inc. (50%), which owns and operates the Canadian Malartic mine, has estimated the mine’s current reserves using the following parameters: US$1,300/ounce gold and a C$/US$   exchange rate of 1.10.  On August 13, 2014, the Partnership filed a NI 43-101 report on the Canadian Malartic mine, which provided an update on reserves and resources (for details please see the news release dated August 13, 2014).

Details of the economic parameters used in generating the December 2014 reserves are shown with the detailed reserve and resource tables near the end of this news release.

While the gold price (in US dollars) and currency exchange rates have changed since a year ago, the gold price has remained relatively stable over the past 12 months, when reported in the Canadian dollar, Euro or Mexican peso. The following table shows the changes in gold price (in various currencies) and exchange rates over the past two years.

Comparison of assumptions used in 2013 and 2014 to estimate reserves

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The other increase in reserves came at the Meliadine advanced exploration project, where revisions to the estimation parameters based on an updated technical study, that is currently being prepared, have led to an increase of almost 500,000 ounces of gold in reserves. The Meliadine project now has more gold in reserves than all but the three largest of Agnico Eagle’s operating mines.

The decline in reserves at the other mines was largely due to mine production during 2014 and an increase in cut-off grade, partially offset by the conversion of resources to reserves from drilling programs.

The Meadowbank mine had the largest decline in reserves due to 479,245 ounces of in-situ gold mined in 2014 (for a record high 453,000 ounces of gold production).

It is the Company’s goal to maintain its gold reserves at approximately 10 to 15 times its annual gold production rate.  The current reserves are well within this range when compared to the Company’s projected annual 2015 production rate.

In addition to gold, Agnico Eagle’s proven and probable reserves include by-product metals of approximately 67 million ounces of silver at the Pinos Altos, LaRonde, La India and Creston Mascota mines (69.5 million tonnes grading an average of 29.93 g/t silver), plus 131,231 tonnes of zinc and 51,250 tonnes of copper at the LaRonde mine (20.5 million tonnes grading 0.64% zinc and 0.25% copper).

At a gold price of $1,300 per ounce (leaving all other assumptions unchanged), there would be an approximate 6.3% increase in the gold contained in proven and probable reserves. Conversely, using a gold price of $1,000 (leaving all other assumptions unchanged), there would be an estimated 6.2% decrease in the gold contained in proven and probable reserves.

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Measured and Indicated Gold Resources Grow by Approximately 56%, While Inferred Resources Increase by Approximately 33%

Highlights from the December 31, 2014 Resource statement:

·                  Measured and indicated resources now total approximately 317 million tonnes grading 1.47 g/t, or approximately 15.0 million ounces of gold. This represents an increase of about 56% or 5.4 million ounces

·                  At LaRonde, conversion drilling led to the establishment of the first indicated resource below the 311 level of approximately 444,000 ounces gold

·                  Conversion drilling at the Meliadine project led to an approximately 211,000 ounce increase in indicated gold resources

·                  At Goldex, there was an increase of 191,000 ounces of gold contained in indicated resources from the Deep zone

·                  Inferred resources total approximately 209 million tonnes grading 2.01 g/t, or 13.5 million ounces of gold. This represents an increase of 33% or approximately 3.4 million ounces of gold in inferred resources

·                  An initial inferred resource of approximately 1.5 million ounces was declared at the Amaruq discovery

·                  The Meliadine inferred resource increased 28% (750,000 ounces gold) to 14.1 million tonnes grading 7.65 g/t gold (containing approximately 3.5 million ounces gold)

The Company’s measured and indicated resources now total approximately 317 million tonnes grading 1.47 g/t, or 15.0 million ounces of gold. This represents an increase of about 56% or 5.4 million ounces and a 23% decrease in grade over the December 2013 measured and indicated resource (see the February 12, 2014 news release for comparison). The increase in contained gold is due to the acquisition of a 50% interest in the Canadian Malartic mine in mid-June 2014 and the successful conversion drilling from inferred resources at many of the operations.

The largest factor contributing to the increase in the measured and indicated resources this year was the addition of a 50% interest in the Canadian Malartic mine and other properties with the June 2014 acquisition of Osisko Mining, as shown in the table below. While the Canadian Malartic mine has approximately 1.0 million ounces of gold in measured and indicated resources (Agnico Eagle’s 50% portion), as of December 31, 2014, the exploration properties brought even larger resources to the Company.  Agnico Eagle’s 50% interest in the Hammond Reef project in northwest Ontario contains a measured and indicated resource of 104.2 million tonnes grading 0.67 g/t gold (approximately 2.3 million ounces of gold). A new mineral resource estimate for the Upper Beaver deposit in the Kirkland Lake project in northeast Ontario resulted in an indicated resource of 3.2 million tonnes grading 7.00 g/t gold and 0.26% copper (approximately 0.7 million ounces of gold - Agnico Eagle’s 50% interest).

Year-end 2014 reserves and resources of the properties gained by the June 2014 acquisition of Osisko Mining (Agnico Eagle’s 50% portion)

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The Canadian Malartic mine reserves were estimated in the method described in the June 16, 2014 Canadian Malartic technical report using the assumptions of $1,300/oz gold and a C$/US$ exchange rate of 1.10. The Hammond Reef project resources were estimated using the assumptions of $1,400 per ounce gold and a 0.32 g/t gold cut-off grade for the West Pit and a 0.34 g/t gold cut-off grade for the East Pit.  The Upper Beaver deposit is in the Kirkland Lake project; its resources were estimated using the assumptions of $1,200 per ounce gold, $3.00/pound copper and a C$/US$ exchange rate of 1.08.  Underground resources at Upper Beaver use a cut-off grade of 2.5 g/t gold-equivalent, and metallurgical recoveries for gold and copper of 95% and 90%, respectively.

Other than the properties acquired through the acquisition of Osisko Mining, there was an increase of about 1.4 million ounces of gold in measured and indicated resources in 2014. The largest increase in indicated resources came at the LaRonde mine, where conversion drilling below the 311 level (3,110 metres below surface) led to establishing indicated resources containing approximately 444,000 ounces gold, the first indicated resources at this depth. Conversion drilling at the Meliadine project led to an approximately 236,000 ounce increase in indicated gold resources.  There was also an increase of approximately 210,000 ounces of gold in the indicated resources at the Kittila

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mine, as a result of underground conversion drilling from the exploration ramp that is extending to the north.

At Goldex, there was an increase of approximately 191,000 ounces of gold contained in indicated resources from the Deep zone. The objective is to outline initial reserves from the Deep zone in late 2015 or early 2016.  The other large increase came at the Akasaba project, purchased in January 2014 and located about 30 kilometres from Goldex, where approximately 200,000 ounces of gold contained in 8.1 million tonnes grading 0.77 g/t gold and 0.44% copper has been estimated as of December 31, 2014.

The Company’s inferred resources now total 209 million tonnes grading 2.01 g/t, or approximately 13.5 million ounces of gold. This represents an increase of 33% or approximately 3.4 million ounces of gold in inferred resources (see the February 12, 2014 news release for comparison).

The largest part of this increase is the significant initial inferred resource of 6.6 million tonnes grading 7.07 g/t gold (approximately 1.5 million ounces gold) at the high-grade Amaruq discovery, which is 50 kilometres from the Meadowbank mine in Nunavut. Two-thirds of the Amaruq-resources are near-surface, and more than 90% are in the Whale Tail zone.

The properties that were obtained through the June 2014 acquisition of Osisko Mining account for approximately 1.1 million ounces of inferred gold resources (on a 50% basis).  Of this increase, approximately 556,000 ounces are at the Canadian Malartic mine and approximately 523,000 ounces are at Upper Beaver.

The Meliadine inferred resources increased 28% (approximately 750,000 ounces gold) to 14.1 million tonnes grading 7.65 g/t gold (containing approximately 3.5 million ounces gold).  Exploration drilling at Meliadine on the Pump and Wesmeg zones and a review of the 3D model were responsible for the increase.

Exploration drilling at depth was responsible for a 24% increase (approximately 234,000 ounces) in inferred gold resources at Kittila, and for a 12% (approximately 167,000 ounces) increase in inferred gold resources at Goldex.  Successful conversion drilling at depth at the LaRonde mine removed approximately 400,000 ounces gold from the inferred resource category to measured and indicated resources.

The distribution of resources by property is set out in the following table. For full details including tonnages and grade, see the Detailed Mineral Reserve and Resource Data table in this news release.

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December 31, 2014 Mineral Resources

Northern Business Operating Review

LaRonde Mine — Production Increasing, Cash costs Declining

The 100% owned LaRonde mine in northwestern Quebec achieved commercial production in 1988.

The LaRonde mill processed an average of 5,847 tpd in the fourth quarter of 2014, compared with an average of 6,726 tpd in the corresponding period of 2013.  Minesite costs per tonne were approximately C$97 in the fourth quarter of 2014, higher than the C$89 per tonne experienced in the fourth quarter of 2013.  The lower tonnage and increase in costs compared to the prior-year period is primarily due to 10 days of unscheduled downtime related to a production hoist drive failure at shaft #4 in December. Production hoisting has since returned to normal and the integrity of the drive has been restored.

Milling performance for the full year 2014 was approximately 5,713 tpd versus 6,354 tpd in 2013.  The lower throughput in 2014 compared to 2013 relates primarily to the planned shutdown for the installation of new hoist drives to replace obsolete production and service hoist equipment in the Penna shaft. Minesite costs per tonne for the full year 2014 were approximately C$99, unchanged from C$99 per tonne in 2013.

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LaRonde’s total cash costs per ounce on a by-product basis were $590 in the fourth quarter of 2014 on payable production of 59,316 ounces of gold.  This compares with the fourth quarter of 2013 when total cash costs per ounce on a by-product basis were $653 on production of 51,336 ounces of gold.  The decrease in total cash costs in the 2014 period was largely due to higher production (due to higher gold grades and the improved recoveries from the CIP circuit) and ongoing cost savings (especially labour, electricity and chemicals).

For the full year 2014, LaRonde’s total cash costs per ounce on a by-product basis were $668 on gold production of 204,652 ounces.  This compares to total cash costs per ounce on a by-product basis of $767 on gold production of 181,781 ounces in 2013.  The higher production and lower costs in the 2014 period are primarily due to the reasons outlined above.

In 2014, the LaRonde mine also produced approximately 10,515 tonnes of zinc (47% less than in 2013), 1.3 million ounces of silver (39% less than in 2013), and 4,997 tonnes of copper (3% more than in 2013) as by-products to the gold production. These totals are consistent with the change in the metals mix as the mine goes deeper and becomes more gold rich as opposed to zinc/silver rich in the upper levels.  In 2015, approximately 81% of production is expected to come from the lower mine area (below the 215 level).

In 2014, work continued on the installation of the coarse ore conveyor system that will extend from the 293 level to the crusher on the 280 level.  This new conveyor, which is expected to be commissioned in the second half of 2015, should help mining flexibility and reduce congestion in the deeper portions of the mine.

Studies are underway to assess the potential to extend the reserve base and carry out mining activities between the 311 and 371 levels at LaRonde.  At present, the reserve base extends to the 311 level, which is 3.1 kilometers below the surface.  In 2014, conversion drilling below the 311 level added approximately 444,000 ounces of gold to the indicated resources.

Canadian Malartic General Partnership — New Quarterly Record for Mill Throughput

In June 2014, Agnico Eagle and Yamana Gold Inc. (“Yamana”) acquired all of the issued and outstanding common shares of Osisko Mining Corporation and created the 50:50 Partnership (“the Partnership”) that now owns and operates the Canadian Malartic mine in northwestern Quebec through a joint management committee.

During the fourth quarter of 2014, the Canadian Malartic mill (on a 100% basis) processed an average of 53,232 tpd, which was a new quarterly record. Minesite costs per tonne were lower than budget at approximately C$19 (excluding royalties) as throughput improved and optimization efforts continued. The fourth quarter included a five day scheduled shutdown for mill maintenance.

Throughput in the second half of 2014 averaged approximately 53,000 tpd, compared to approximately 49,500 tpd in the first half of 2014.  This improvement in throughput is

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largely due to productivity improvements made by the Partnership since the acquisition in June 2014.

For the full year 2014, the Canadian Malartic (on a 100% basis) mill processed an average of 51,248 tpd, with minesite costs per tonne of approximately C$19.76 (excluding royalties). Minesite costs per tonne have been better than the guidance of C$21 per tonne (excluding royalties) that was issued on July 30, 2014, largely due to better productivity. The average stripping ratio in 2014 was 2.54 to 1.0.

For the fourth quarter of 2014, Agnico Eagle’s share of production at the Canadian Malartic mine was 66,369 ounces of gold at a total cash cost per ounce of $684 on a by-product basis.

Given the strong operational performance in the second half of 2014, total gold production in 2014 (on a 100% basis) was 535,470 ounces, which exceeded the 2014 guidance forecast range of 510,000 ounces to 530,000 ounces.

Since acquiring its interest in the Canadian Malartic mine on June 16, 2014, Agnico Eagle’s share of production was 143,008 ounces of gold at total cash costs per ounce of $701 on a by-product basis.

On August 13, 2014, the Company filed a technical report on the Canadian Malartic mine which provided an update on reserves and resources (for details please see the news release dated August 13, 2014).

In Agnico Eagle’s third quarter news release, total capital costs for 2014 at the Canadian Malartic mine (on a 100% basis) were estimated at approximately C$154.6 million. Actual capital costs for the full year 2014 were approximately C$139 million. The change is largely due to optimization of the Gouldie pit and minor capital spending deferrals into 2015.

Mr. Serge Blais was appointed General Manager of the Canadian Malartic Mine, effective February 9, 2015, replacing Mr. Eric Tremblay who is leaving effective February 27, 2015.

Prior to joining Canadian Malartic, Mr. Blais spent nine years at Agnico Eagle, where he was most recently the Assistant General Manager at the LaRonde mine.  Mr. Blais has extensive experience in the mining industry. He spent 12 years with Cambior where he served as Mine Superintendent at the Sleeping Giant mine and Senior Supervisor at the Rosebel open pit mine in Suriname.  Mr. Blais is a Mining Engineer with a degree from Laval University.

Canadian Malartic Mine - Optimization Efforts Continuing

Since acquiring the mine in June 2014, the Partnership has been looking at a variety of ways to optimize the operations. The current crushing circuit has a nameplate capacity of 55,000 tpd.  Throughput levels are forecast to be approximately 52,500 tpd in the first half of 2015, increasing to approximately 55,000 tpd in the second half of 2015.

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Production at Canadian Malartic is forecast to be approximately 280,000 ounces (Agnico Eagle’s 50% share) in 2015. The potential second half increase in throughput in 2015 is partly contingent upon updating the existing operating permits.

The study evaluating increasing throughput rates to 60,000 tpd has been put on hold until the 55,000 tpd pre-crushing throughput level has been consistently achieved.

Ounce reconciliation with the block model continues to be positive (3% to 4% higher) and is an opportunity provide additional production flexibility going forward.

Proposed throughput optimization activities in 2015 include:

·                  Use of a 994 loader to feed the gyratory crusher between trucks

·                  Reduced truck waiting time at the crusher

·                  North wall project — focus on accelerated stripping to access more tonnes at higher grades from the north side of the pit

·                  Improved blasting fragmentation to reduce the size of ore sent to the primary crusher

·                  Increase the crusher circuit uptime

·                  Add a new auxiliary feeder

·                  Reduce the loss of loading equipment teeth

Proposed productivity improvements include:

·                  Creation of a productivity/continuous improvement team with a focus on reducing operating costs

·                  Evaluating the potential to convert to LNG fueled trucks, which are cheaper to operate and have lower greenhouse gas emissions

·                  Renegotiation of major contracts on fuel and consumables (evaluating potential synergies with other Agnico Eagle Abitibi operations)

·                  Program to review manpower requirements (including contractors)

·                  Optimization of the maintenance program for mobile equipment — audit done — action plan in place

·                  Optimization of liner wear in all major crushing components — trials ongoing

·                  Looking at possible modification of the SAG mill liner design to increase the grinding efficiency and expected liner life — testing ongoing with potential benefits being realized after Q2 2015

·                  Potential to use larger grinding media in the SAG mill — testing continuing

·                  Initiation of projects to reduce consumables consumption (being carried out in conjunction with the continuous improvement project)

·                  Optimization of waste rock management plans with an aim of trying to reduce cycle times — this should ultimately result in shorter hauling distances

·                  Optimization of the life-of-mine plan — work is ongoing, completion expected in Q2

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Exploration Activities - C$14 million Budget Approved for 2015

In addition to joint, indirect ownership of the Canadian Malartic mine, Agnico Eagle and Yamana are also jointly exploring a portfolio of properties in the Kirkland Lake area and the Pandora and Wood-Pandora properties in the Abitibi region of Quebec.  Agnico Eagle and Yamana, indirectly through Canadian Malartic Corporation each hold a 50% interest in Kirkland Lake and Pandora properties, while the Wood-Pandora property is a joint venture between Globex Mining Enterprises Inc. (50%) and Canadian Malartic Corporation.

From June 16 to December 31, 2014, Canadian Malartic Corporation spent C$8.15 million (on a 100% basis) on these properties with a focus on the Upper Beaver project in Kirkland Lake, and the Pandora property, which adjoins Agnico Eagle’s Lapa mine. Activities included the compilation of historical work at the various Kirkland Lake properties and an update of the resource base at the Upper Beaver project. Exploration expenditures in the fourth quarter of 2014 were approximately C$4.0 million (on a 100% basis).

Work at Upper Beaver focused on testing for near surface mineralization, and several holes were drilled to test for mineralization below the current intercepts that encountered high-grade intervals at depths below 1,500 metres. Near surface drilling outlined a small, potentially open-pit resource.  Drilling at depth below 1,500 metres encountered mineralization that is comparable in grade and width to that obtained by previous operators.

This new drilling has been incorporated into a new resource estimate that is included in Agnico Eagle’s December 31, 2014 reserve and resource update (for additional details see the reserve and resource section outlined above).  The updated resources are scheduled to be incorporated into a study that will evaluate potential production scenarios at Upper Beaver.

The proposed budget for Kirkland Lake in 2015 (100% basis) is approximately C$6.7 million.

At Pandora, seven holes were drilled to test the near surface North Branch zone, and five drill holes were completed from the 101-W Exploration drift at the adjacent Lapa mine to test the mineralization at the South Branch target.  A select summary of significant drill results from the North and South Branch zones at Pandora are presented in the table below.