GoldMinerPulse.com -- Agnico-Eagle Mines Limited:  (NI) 43-101 Metal Valuation Report

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Agnico-Eagle Mines Limited (AEM)

Company Web Site: www.agnico-eagle.com

(NI) 43-101 reports from projects located in: Canada (CA)  |  Finland (FI)  |  Mexico (MX)

This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2009-03-20. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-03-11.

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Recent Production

Source(s): 2009 and 2010 gold production outlook is from Agnico-Eagle reports Q1 2009 results, April 29, 2009
2008 gold production is from Agnico-Eagle reports 2008 results; Record quarterly and annual gold production; Record gold reserves and resources 02/18/2009.

GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-03-11

Project/Deposit CC MVpSh  PP%  MI%  I% GoldSilverCopperZinc
    LaRondeCA$61.1879%8%13%6.29 M oz    49.17 M oz    133.56 K t    720.35 K t    
    KittilaFI$39.1753%6%41%6.05 M oz                   
    Pinos AltosMX$38.8186%9%5%4.21 M oz    115.61 M oz              
    MeadowbankCA$36.3165%27%8%5.61 M oz                   
    GoldexCA$16.2662%1%37%2.51 M oz                   
    LapaCA$9.0376%10%14%1.39 M oz                   
    BousquetCA$4.58044%56%707.72 K oz                   
    EllisonCA$1.44034%66%222.61 K oz                   
 
GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-11
Metric / MetalGoldSilverCopperZinc
    Metal Totals26.99 M oz    164.78 M oz    133.56 K t    720.35 K t    
    Metal Prices in US$ (from 2010-03-11)$1,108.90 per oz    $17.15 per oz    $3.36580 per lb    $1.05510 per lb    
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below)
$174.71    $16.50    $5.79    $9.78    
    Percentage of Total Metal Value84.49%    7.98%    2.80%    4.73%    
    PP% | MI% | I%67% | 12% | 21%    85% | 10% | 5%    77% | 7% | 16%    81% | 14% | 5%    
 
GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-11
    Metal Value per Share (MVpSh)   US$206.78
    Average Ore Value per Tonne   US$
    Metal Value Leverage (MVL)    3.49
    Market Capitalization as % of Metal Value   28.7%
    Recent Stock Price   C$60.77   (TSX/TSXV close on 2010-03-11.)
  Conversion rate used: 1 Cnd$ = 0.976275 US$ )
    Fully Diluted Share Count   171.30 M    ( Diluted share count taken from p. 7 of 29 of the Third Quarter 2009 Results Presentation, dated October 29, 2009. )
    PP% | MI% | I%   69% | 12% | 19%
Gold Metrics-- all Projects/Deposits
    Average Gold Ore Grade    g/t
    Market Capitalization
    per oz of Gold In Ground
   $376.56   US$  |   385.71   C$
    Gold Eq Oz Estimate   31.94 M oz   ( 26.99 M oz are in ground)
    Market Capitalization
    per oz of Gold Equilavent
   $318.17   US$  |   325.90   C$
 
See terms for more about GoldMinerPulse metrics.

Additional Notes:

Gold Sales Hedging    -   About Us page at company web site, November 2008.

Quote:

Agnico-Eagle has traditionally sold all of its production at the spot price of gold, in keeping with a policy of not selling forward future gold production. This policy enables shareholders to participate fully in rising precious metal prices.
AEM is part of the AMEX Gold BUGS (Basket of Unhedged Gold Stocks) Index (November 2008). 

GoldMinerPulse Coverage Status:

  • GoldMinerPulse coverage of Agnico-Eagle Mines Limited is complete pending a final internal review.


Bousquet    -  ^top^

(NI) 43-101 Report:

Title:
Date: (0 pages)

Updates: Reserve and resource estimates taken from Agnico-Eagle reports 2008 results; Record quarterly and annual gold production; Record gold reserves and resources 02/18/2009.

Project Location: Quebec, Canada  /  Mining Region: Cadillac-Larder Lake

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$2.00    308.44 K oz     5.630 g/t     1.70 M t    
Estimate notes: See Record gold reserves and resources NR, 02/18/2009
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$2.58    399.28 K oz     7.450 g/t     1.67 M t    
Estimate notes:


Ellison    -  ^top^

(NI) 43-101 Report:

Title:
Date: (0 pages)

Updates: Reserve and resource estimates taken from Agnico-Eagle reports 2008 results; Record quarterly and annual gold production; Record gold reserves and resources 02/18/2009.

Project Location: Quebec, Canada  /  Mining Region: Cadillac-Larder Lake

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.49    75.79 K oz     5.680 g/t     415.00 K t    
Estimate notes:
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.95    146.82 K oz     5.810 g/t     786.00 K t    
Estimate notes:


Goldex    -  ^top^

(NI) 43-101 Report:

Title: TECHNICAL REPORT ON THE ESTIMATION OF MINERAL RESOURCES AND RESERVES FOR THE GOLDEX EXTENSION ZONE GOLDEX PROJECT, VAL-D’OR, QUÉBEC, CANADA
Date: 2005-09-09 (171 pages)

Updates: Reserve and resource estimates taken from Agnico-Eagle reports 2008 results; Record quarterly and annual gold production; Record gold reserves and resources 02/18/2009.

Project Location: Quebec, Canada

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Proven
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.18    27.21 K oz     1.950 g/t     434.00 K t    
Estimate notes: See Record gold reserves and resources NR, 02/18/2009
   •Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$9.98    1.54 M oz     2.050 g/t     23.39 M t    
Estimate notes:
   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.08    12.66 K oz     1.790 g/t     220.00 K t    
Estimate notes:
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$6.02    929.69 K oz     2.420 g/t     11.95 M t    
Estimate notes:


Kittila    -  ^top^

(NI) 43-101 Report:

Title: Technical Report on the July 31, 2008 Mineral Resource and Mineral Reserve Estimate of the Kittila Mine Project, Finland
Date: 2008-12-01 (146 pages)

Updates: Reserve and resource estimates taken from Agnico-Eagle reports 2008 results; Record quarterly and annual gold production; Record gold reserves and resources 02/18/2009.

Project Location:  , Finland

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.20    30.97 K oz     4.840 g/t     199.00 K t    
Estimate notes: See Record gold reserves and resources NR, 02/18/2009
   •Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$20.67    3.19 M oz     4.690 g/t     21.17 M t    
Estimate notes:
   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$2.16    333.67 K oz     2.990 g/t     3.47 M t    
Estimate notes:
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$16.14    2.49 M oz     4.420 g/t     17.55 M t    
Estimate notes:


LaRonde    -  ^top^

(NI) 43-101 Report:

Title: 2005 LaRonde Mineral Resource & Mineral Reserve Estimate Agnico-Eagle Mines Ltd. LaRonde Division
Date: 2007-03-23 (115 pages)

Updates: Reserve and resource estimates taken from Agnico-Eagle reports 2008 results; Record quarterly and annual gold production; Record gold reserves and resources 02/18/2009.

Project Location: Quebec, Canada  /  Mining Region: Cadillac-Larder Lake

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Proven
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$2.34    361.69 K oz     2.760 g/t     4.08 M t    
   Silver$0.89    8.89 M oz     67.870 g/t     4.08 M t    
   Copper$0.58    13.45 K t       3,300.000 g/t     4.08 M t    
   Lead$0.20    15.08 K t       3,700.000 g/t     4.08 M t    
   Zinc$1.81    133.29 K t       32,700.000 g/t     4.08 M t    
Estimate notes: See Record gold reserves and resources NR, 02/18/2009
   •Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$29.85    4.61 M oz     4.520 g/t     31.74 M t    
   Silver$3.19    31.81 M oz     31.180 g/t     31.74 M t    
   Copper$3.85    88.86 K t       2,800.000 g/t     31.74 M t    
   Lead$0.50    38.08 K t       1,200.000 g/t     31.74 M t    
   Zinc$6.12    450.64 K t       14,200.000 g/t     31.74 M t    
Estimate notes:
   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$2.42    373.55 K oz     1.830 g/t     6.35 M t    
   Silver$0.55    5.46 M oz     26.770 g/t     6.35 M t    
   Copper$0.41    9.52 K t       1,500.000 g/t     6.35 M t    
   Lead$0.13    10.16 K t       1,600.000 g/t     6.35 M t    
   Zinc$1.34    98.41 K t       15,500.000 g/t     6.35 M t    
Estimate notes:
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$6.07    938.08 K oz     5.910 g/t     4.94 M t    
   Silver$0.30    3.00 M oz     18.910 g/t     4.94 M t    
   Copper$0.94    21.72 K t       4,400.000 g/t     4.94 M t    
   Lead$0.05    3.95 K t       800.000 g/t     4.94 M t    
   Zinc$0.52    38.01 K t       7,700.000 g/t     4.94 M t    
Estimate notes:


Lapa    -  ^top^

(NI) 43-101 Report:

Title: Technical Report on the Lapa Gold Project, Cadillac Township, Quebec, Canada
Date: 2006-05-32 (185 pages)

Updates: Reserve and resource estimates taken from Agnico-Eagle reports 2008 results; Record quarterly and annual gold production; Record gold reserves and resources 02/18/2009.

Project Location: Quebec, Canada

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Proven
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.04    5.57 K oz     7.530 g/t     23.00 K t    
Estimate notes: See Record gold reserves and resources NR, 02/18/2009
   •Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$6.83    1.06 M oz     8.800 g/t     3.73 M t    
Estimate notes:
   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.90    138.35 K oz     4.360 g/t     987.00 K t    
Estimate notes:
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$1.26    195.00 K oz     7.970 g/t     761.00 K t    
Estimate notes:


Meadowbank    -  ^top^

(NI) 43-101 Report:

Title: TECHNICAL REPORT ON THE MINERAL RESOURCES AND MINERAL RESERVES Dated September 30th, 2008 MEADOWBANK GOLD PROJECT NUNAVUT, CANADA
Date: 2008-12-05 (169 pages)

Updates: Reserve and resource estimates taken from Agnico-Eagle reports 2008 results; Record quarterly and annual gold production; Record gold reserves and resources 02/18/2009.

Project Location: Nunavut, Canada

Map View: View Meadowbank project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$23.53    3.64 M oz     3.450 g/t     32.77 M t    
Estimate notes: See Record gold reserves and resources NR, 02/18/2009
Cut-off: breakeven grade of 1.57 g/t for the Portage and Goose Island pits, and 1.58 g/t for the Vault pit.
   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$9.92    1.53 M oz     2.170 g/t     21.96 M t    
Estimate notes:
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$2.87    442.69 K oz     2.780 g/t     4.95 M t    
Estimate notes:


Pinos Altos    -  ^top^

(NI) 43-101 Report:

Title: PINOS ALTOS GOLD-SILVER PROJECT CHIHUAHUA STATE, MEXICO TECHNICAL REPORT ON THE MINERAL RESOURCES AND RESERVES AS OF DECEMBER 31ST 2008
Date: 2009-03-20 (310 pages)

Updates: Reserve and resource estimates taken from Agnico-Eagle reports 2008 results; Record quarterly and annual gold production; Record gold reserves and resources 02/18/2009.

Project Location: Chihuahua, Mexico  /  Mining Region: Sierra Madre Occidental

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

   •Proven
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$0.03    4.21 K oz     1.350 g/t     97.00 K t    
   Silver$0.01    59.50 K oz     19.080 g/t     97.00 K t    
Estimate notes: See Record gold reserves and resources NR, 02/18/2009
   •Probable
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$23.24    3.59 M oz     2.680 g/t     41.67 M t    
   Silver$10.01    99.95 M oz     74.610 g/t     41.67 M t    
Estimate notes:
   •Indicated
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$2.59    400.86 K oz     1.000 g/t     12.47 M t    
   Silver$1.05    10.45 M oz     26.080 g/t     12.47 M t    
Estimate notes:
   •Inferred
MetalMVpShContained Metal QuantityOre GradeOre Quantity
   Gold$1.37    212.19 K oz     1.650 g/t     4.00 M t    
   Silver$0.51    5.14 M oz     39.950 g/t     4.00 M t    
Estimate notes:

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