Agnico-Eagle Completes Private Placement of US$600M Notes

On April 7, 2010, Agnico-Eagle Mines Limited completed a private placement of US$115,000,000 6.13 per cent guaranteed senior unsecured notes due 2017; US$360,000,000 6.67 per cent guaranteed senior unsecured notes due 2020; and US$125,000,000 6.77 per cent guaranteed senior unsecured notes due 2022 (collectively, the “Notes”).

Agnico-Eagle was represented in-house by R. Gregory Laing, General Counsel, Senior Vice-President, Legal and Corporate Secretary, and by Davies Ward Phillips & Vineberg LLP with a team in Toronto that included Patricia Olasker, Scott Hyman, Robert Murphy, Jennifer Pankratz, Mark O'Brien and Bradley Ashkin (corporate and securities) and Neal Armstrong and Paul Lamarre (tax), and in New York, Bonnie Roe and Paul Watkins (corporate and securities).

Milbank, Tweed, Hadley & McCloy LLP acted as counsel to the purchasers of the Notes with a team comprised of Langdon Van Norden Jr., Nicholas Robinson and Jeeseon Ahn (Global Alternative Investments) and Bruce Kayle (tax), all in New York.