Frequently Asked Questions

1. How much gold does the company have in the ground?
As of year-end 2007, we have 16.7 million ounces reserves in the ground, targeting 18-20 million ounces within the next 18 months (2008 Est.) and over 1.2 million ounces by 2010.

2. How much gold will you produce this year and at what cost?
Gold production is estimated to be 360,000 ounces in 2008. The total cash cost to produce an ounce is expected to average under $50 this year.

3. How do you keep your production costs low?
Low-cost production is a result of the economies of scale afforded by the high tonnage mined at LaRonde, byproduct revenue, and a stable, highly skilled and motivated workforce dedicated to cost-efficient mining operations.

4. What is the Company's hedging policy?
Agnico-Eagle does not sell forward any of its gold or silver production. The company participates fully in the upside increase in the price of both of its precious metals, and always has.

5. Where are your operations located?
The LaRonde Mine is located in northwestern Quebec, approximately 40 kilometres from the town of Rouyn-Noranda. We have five mines under construction at Kittila in Finland; at Pinos Altos in Mexico; and at Meadowbank, Lapa and Goldex in Canada.

6. What stock exchange do your shares trade on?
The shares of Agnico-Eagle trade on the TSX, and the NYSE under the symbol AEM. In 2006, our shares commenced trading on the Frankfurt Stock Exchange's Entry Standard under the symbol AE9(WKN:860325).

7. Can I buy shares directly from the company?
Yes, you can, as long as you are a current shareholder. Once a year, after a dividend has been declared a shareholder is eligible to purchase up to US $20,000 of company shares. Further details can be found in our Dividend Reinvestment Plan - 135 KB PDF.

8. How do I enrol in the Dividend Reinvestment Plan?
You can enrol in the Dividend Reinvestment Plan (DRIP) by downloading, filling out and sending in the form found at the end of the Dividend Reinvestment Plan - 135 KB PDF.

9. I can't find my share certificates. How do I get them replaced?
In order to get the certificates replaced you must forward an original letter, to the Company's head office requesting the necessary documents required to replace the lost certificates.

10. How do I go about changing the registration of my current share certificates?
If you simply require your address to be changed, please forward the original certificates to our office with an original request to change the address on the certificate. If the name on the share certificate is to be changed then certain legal documents will be requested. Please contact our office at 416 947-1212 ext 3707 to request further information.

11. Does Agnico-Eagle hedge its gold sales? Are there any gold forward contracts in place, or does it in any other gold derivative transactions?
No on all counts.

12. Is Agnico-Eagle using any derivative products for financing?
No.

13. Does Agnico-Eagle have any non-recourse project development loans? Does it have such loans with properties used as collateral?
No.

14. Is Agnico-Eagle in development partnership with another miner on any of its properties? If so which miner, what are the properties and what is the % of partnership?
Agnico-Eagle owns 100% of all of its operations and development stage properties.

15. Does Agnico-Eagle own any asset-backed comercial paper?
No, our funds are invested in Treasury Bills, Bankers Acceptances and in A1P1-rated issue Commercial Paper.