Stock Symbol: AEM (NYSE and TSX)
(All amounts expressed in U.S. dollars unless otherwise noted)
TORONTO, Dec. 12, 2012 /CNW/ - Agnico-Eagle Mines Limited (NYSE: AEM)(TSX:AEM) ("Agnico-Eagle" or the "Company") is pleased to announce that its Board
of Directors has approved a 10% increase in the quarterly cash dividend
to $0.22 per common share. The next quarterly dividend will be paid on
March 15, 2013 to shareholders of record as of March 1, 2013.
Agnico-Eagle has now declared a cash dividend to its shareholders for
31 consecutive years.
"We are proud to demonstrate the quality of our business with another
dividend increase" said Sean Boyd, President and Chief Executive
Officer. "With our proven strategy for increasing shareholder value
remaining unchanged, we look forward to advancing our growth projects
at La India, Goldex, LaRonde and Meliadine in 2013 and preparing for
our next phase of production and cash flow growth" added Mr. Boyd.
Other Expected Dividend Record and Payment Dates for 2013
Dividend Reinvestment Program
Please follow the link below for information on the Company's dividend
Senior Management Addition
Agnico-Eagle's Board of Directors is pleased to welcome Mr. Brian
Christie to its senior management team. Mr. Christie has been
appointed Vice-President, Investor Relations. In this role, he will
lead and oversee all aspects of the Company's Investor Relations
Brian has a Master's degree in Geology from Queen's University as well
as holding an Honours degree in Geology from the University of Toronto.
Most recently Brian was with Desjardins Securities as VP and Director,
Precious Metals Analyst.
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. The Company has full exposure to higher gold prices
consistent with its policy of no forward gold sales. It has declared a
cash dividend for 31 consecutive years. www.agnico-eagle.com
The information in this news release has been prepared as at December
12, 2012. Certain statements contained in this news release 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 and are referred to herein as "forward-looking statements". When
used in this document, words such as "expected", "will" and similar
expressions are intended to identify forward-looking statements or
Such statements and information include, without limitation, statements
relating to expected dividend payment and record dates, and dividend
amounts in 2013, as well as advancing growth projects and preparing for
production and cash flow growth.
These forward-looking statements are subject to numerous risks,
uncertainties and assumptions, certain of which are beyond the control
of Agnico-Eagle. Agnico-Eagle disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise except as required by
applicable securities laws.
SOURCE: Agnico-Eagle Mines Limited
For further information:
For further information regarding Agnico-Eagle, contact Investor Relations at email@example.com or call (416) 947-1212.