Agnico-Eagle closes $600,000,000 issuance of long-term unsecured notes

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

Stock Symbol: AEM (NYSE and TSX)

TORONTO, April 7 /CNW/ - Agnico-Eagle Mines Limited ("Agnico-Eagle" or the "Company") announced today that the Company has closed its previously announced private placement of an aggregate of $600,000,000 of guaranteed senior unsecured notes due 2017, 2020 and 2022 (the "Notes") with a weighted average maturity of 9.84 years and weighted average yield of 6.59%. Net proceeds from the sale of the Notes will be used to reduce amounts outstanding under the Company's credit lines.

The Notes will not be registered under the Securities Act of 1933 (the "Securities Act") as amended, or under any state securities laws, nor will the Notes be qualified by a prospectus under Canadian securities laws. Unless so registered or qualified, as the case may be, the Notes may not be offered or sold in the United States or Canada, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws or the prospectus requirements of Canadian securities laws, respectively.

About Agnico-Eagle

Agnico-Eagle is a long established Canadian headquartered gold producer with operations located in Canada, Finland and Mexico, and exploration and development activities in Canada, Finland, Mexico and the United States. Agnico-Eagle's registered office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7.

SOURCE Agnico Eagle Mines Limited

For further information: For further information: Investor Relations, (416) 947-1212


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