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The Agnico‐Eagle Exploration Show and Tell
145 King Street East, Suite 400January 6th and 7th
Featuring core and geologists from key projects: Suuri‐Roura Deep (Kittila),
Tiriganiaq‐F Zone (Meliadine), Westwood (Ellison), D Zone (Goldex), Zone 5 (Bousquet),
Cubiro (Pinos Altos)
CORE IN THE CORNER OFFICE
Pinos Altos – Mexico
2011 Estimated production of 168,000oz Au at cash costs of $400/oz Mascota: 31,000oz Au at cash costs of $439/oz
2012-2015 Estimated average annual production of 175,000oz Au at cash
costs of $345/oz Underground to account for majority of production Mascota: 55,000oz Au at cash costs of $299/oz
Exploration Focus Potential to develop satellite deposits (Cubiro, Sinter, San Eligio) Focus on resource conversion, expansion of
Pinos Altos zones, Reyna de Plata, Creston Mascota
Gold reserves (m oz) 3.4
Average reserve grade (g/t) 2.5
Measured & Indicated resource (m oz) 0.5
Inferred resource (m oz) 0.7
Est. LOM (years) 18
Estimated average production (k oz/yr) 170
2011 exploration budget $2M
Exploration Success Adding to Growth Opportunities
Mexico
Cubiro & Colorada Areas
Cubiro Vein – Geology Map
View Looking north-northeast (+/- 1.0 g/Au t grade shell over 2m width)
Cubiro Vein – Mineralization 3D Model
Cubiro Vein LongsectionContoured Au Intercepts (Approx. >2m @ + 0.3 g Au/t)
View Looking Northeast
Looking NortheastDecember, 2010
Cubiro Vein – Mineralization 3D Model Longsection View
Drillhole CB-09-015 Assay Summary
Cross Section-16(Showing Loc. of CB-09-015)200 meter Grid View Looking northeast December, 2010
Cubiro Vein – Mineralization 3D ModelCross Section View
Kittila Mine
2011 Estimated production of 150,000oz Au at cash costs
of $548/oz Expansion study to be reviewed Q3 2011
2012-2015 Estimated average annual production of 173,000oz
Au at cash costs of $501/oz
Exploration Focus Resource conversion, expansion below Suuri and
Roura, and along strike
Optimization Phase Bearing Significant Results
Gold reserves (m oz) 4.0
Average reserve grade (g/t) 4.8
Measured & Indicated resource (m oz) 1.4
Inferred resource (m oz) 0.6
Est. LOM (years) 22
Estimated average production (k oz/yr) 150
2011 exploration budget $16M
Kittila Mine - Longitudinal Section
ROU-100292.68 g/t / 2.3 m
ROU-10-024B3.85 g/t Au / 10.1 m
ROU-10-0246.42 g/t Au / 4.9 m
ROU-10-0263.98 g/t Au / 17.2 m
ROU-10-026B7.25 g/t Au / 10.0 m6.46 g/t Au / 12.8 m
ROU-100291.76 g/t Au / 2.1 m
Sect
ion
3787
0 m
N
Kittila Mine
N
Tonnes, Mt Au, g/t Au, Moz.
Proven + Probable Proven + Probable Mineral Reserve*Mineral Reserve* 26.0 4.8 4.0
Indicated Mineral Indicated Mineral ResourceResource 20.5 2.2 1.4
Inferred Mineral Inferred Mineral ResourceResource 5.2 3.4 0.6
* Reserve and Resource calculation as of December 31, 2009
Kittila Mine – Underground Operation
Kittila – Geology Map
Kittila - Cross Section 37870 mN
North Roura Zone
Central Roura Zone
ROU-10-026B7.25 g/t Au / 10.0 m6.46 g/t Au / 12.8 m
Increasing Gold Output in 2012
LaRonde – Canada
2011 Estimated production of 157,000oz Au at cash costs of
$54/oz
2012-2015 Estimated average annual production of 290,000oz Au
at cash costs of $381/oz
Exploration Focus Additional potential at depth, to the East and to the
West Tracing and potentially defining a gold resource at
Ellison (appr. 2km west of LaRonde)
Gold reserves (m oz) 4.8
Average reserve grade (g/t) 4.4
Measured & Indicated resource (m oz) 0.4
Inferred resource (m oz) 1.4
Est. LOM (years) 13
Estimated average production (k oz/yr) 324
2011 exploration budget $4M
Abitibi Regional Map
Ellison-Bousquet- LaRonde – Exploration Targets 2011
Building from Strength
Aerial Photo Looking West
LaRonde Puits 2
Laronde PENNA
LaRonde Puits 1
Bousquet 2Bousquet 1
DoyonMouska
Doyon-Bousquet-LaRonde Mining Camp
Bousquet Zone 5 - Surface View
Bousquet 1 shaft
Zone 5
Zone 3 (mined)
2500meters
Zone 4Bousquet 2
Bousquet Zone 5 Longsection - 2011 Program
-450m
-250m
Mineral inventory (0- 500 metres)20.1 Mt @ 1.90 g/t =>1.2 M ounces (Zone 5 only)9.1 Mt @ 1.70 g/t =>0.5 M ounces (Other parallel zones incl. Zone 4)
Re-sampling program±1500 samples (assays pending)
Drilling Program 2011 (0-500m)20 000m – 2 000 000 $
Drilling 2010 (started Nov 30th 2010)2 082 m
S10-022.0 g/t Au over 49.7m (42 tw)Incl. Zone 4 @ 2.9 g/t over 4.5m (3.8 tw)And Zone 5 @ 2.2 g/t over 39.4m (33.5 tw)
S10-01
S10-03
S10-04
S10-05
S10-06
S10-07 In progress
In progress
6 90
0EHistorical Pit Production (80’s) by Long Lac Mineral1.9 M tonnes @ 2.20 g/t Au => 124 000 ounces
Surface
S10-01Assays pending
Approx. Open Pit
S10-04Logging in progress
S10-02S10-022.0 g/t Au over 49.7m (42 tw)Incl. Zone 4 @ 2.9 g/t over 4.5m (3.8 tw)and Zone 5 @ 2.2 g/t over 39.4m (33.5 tw)
Zone
3 (m
ined
out
)
Zone
4Zo
ne 5
S10-03Assays pending
Cross Section 6900E
-250m
-450m
Surface
Bousquet Zone 5
Puits PennaPuits IPuits Bousquet IIPuits Bousquet I Puits II
1.8 / 4.1
3.0 / 14.3
3.8 / 5.4
In progress
In progress
In progress5 500m
863 500$
2 800m532 000$
4 250m484 500$
TOTAL BUDGET 201112 550m
TOTAL : 2 157 773 $2010 Results2011 Targets
LaRonde Exploration Targets – Budget 2011
Abitibi Regional Map
Ellison Project - Longitudinale Section
Ellison Project - Longitudinal Section
Ellison Project
Drill Site
Camping Resort
Goldex – Canada
2011 Estimated production of 185,000oz Au at cash costs of
$349/oz
2012-2015 Estimated average annual production of 179,000oz Au
at cash costs of $344/oz
Exploration Focus Resource definition and expansion at D zone at depth,
exploration to west, east and at depth
Gold reserves (m oz) 1.6
Average reserve grade (g/t) 2.1Measured & Indicated resource (m oz) 0.0
Inferred resource (m oz) 0.8
Est. LOM (years) 7Estimated average production (k oz/yr) 168
2011 exploration budget $6M
Strong Free Cash Flow Generator
Goldex - 2011 Exploration Budget
R-Zone9 000m / 1M$
38 level
View Looking North
D-Zone27 300m / 2.8M$(spacing 60x60m)
D-Zone13 200m / 1.3M$(spacing 90x90m)
1900 elev.
38 Level
73 Level
84 Level
105 Level
125 Level
East ofGEZ
8 500 m / 0.9M$
Total 2011
58,200m / 6M$
E-Zone
M-Zone
S-Zone
GEZ
Goldex
73-4062.07 g/t Au / 105.0 m
76-0031.27 g/t Au / 60.0 m
73-4031.23 g/t Au / 151.5 mincl. 3.30 g/t Au / 31.5 m
76-0081.88 g/t Au / 181.5 mIncl. 2.04 g/t Au / 165.0 m
73-4021.34 g/t Au / 96.0 mincl. 2.28 g/t Au / 51.0 m
76-0070.92 g/t Au / 159.0 mincl. 2.13 g/t Au / 16.5 mincl. 2.21 g/t Au / 19.5 m
76-0061.69 g/t Au / 216.0 mincl.2.04 g/t Au / 70.5 mincl. 2.06 g/t Au / 90.0 m
84-0501.51 g/t Au / 121.5 mincl. 2.10 g/t Au / 30.0 mincl. 2.68 g/t Au / 12.0 mincl. 2.16 g/t Au / 27.0 m
Goldex - Cross Section 6190E
Section 6040
Meliadine Project, Rankin Inlet, Nunavut
Tonnes Grade (g/t) Contained gold ounces
Measured Resource 0.3 million 10.6 101,000 oz Au*
Indicated Resource 13 million 7.9 3,191,000 oz Au*
Inferred Resource 8 million 6.4 1,731,000 oz Au*
* As per Jan 12, 2010 technical report by Snowden Mineral Industry Consultants
$129M – Three year exploration & development program underway
Meliadine – Regional Geology Plan Map
Meliadine – Tiriganiaq Schematic Cross Section
Western Meliadine Property - Local Geology
Meliadine - 2010 Drilling
Meliadine Project Total Magnetic FieldSurface rock samples with assay results > 10g/t Au
Surface rock sample locations
10 km
Meliadine Project - Tiriganiaq Longitudinal Section
M10-94010.94 g/t Au / 7.0 m
M10-10018.62 g/t Au / 19.3 mincl.15.01 g/t Au / 8.2 m
Meliadine - 2010 Drilling
Meadowbank – Canada
2011 Estimated production of 362,000oz Au at cash costs of
$597/oz
2012-2015 Estimated average annual production of 399,000oz Au
at cash costs of $511/oz
Exploration Focus Focus on resource conversion and expansion of Vault,
Goose South and Portage
Gold reserves (m oz) 3.7
Average reserve grade (g/t) 3.5
Measured & Indicated resource (m oz) 3.3
Inferred resource (m oz) 0.8
Est. LOM (years) 10
Estimated average production (k oz/yr) 350
2011 exploration budget $7M
Newest Mine - Largest Gold Producer Already
Meadowbank Regional Geology Map
Program Metres 2011 Budget (‘000’s)Minesite Exploration 19,000 $7,373Regional Exploration 13,000 $4,029Total 32,000 $11,402
Vault
Portage
Goose Island
Goose South
Meadowbank Exploration Budget 2011
Vault – Resource Conversion
Goose South Extension
Far West Iron Formation
Tern Lake Porphyry
Vault Pit
Vault South
Vault East
Exploration
MinesiteProgram Metres 2011 Budget
(‘000’s)Conversion 10,500 $3,814Exploration 8,500 $3,559Total 19,000 $7,373
Vault Cross Section 4675N
Goose South Cross Section 4300N
5
Meadowbank – Aerial View