Stock Symbols: AEM (NYSE)
AGE (TSE)
TORONTO, Dec. 19 /PRNewswire-FirstCall/ - Agnico-Eagle Mines Limited
("Agnico-Eagle") today announced that it has sold its entire holdings of
1,228,821 common shares of Consolidated Thompson-Lundmark Gold Mines Limited
("CTL"). The common shares, which represent approximately 24.6% of the issued
and outstanding common shares of CTL, were sold in private transactions with
six purchasers for aggregate proceeds to Agnico-Eagle of $50,000.
Agnico-Eagle is an established Canadian gold producer with operations
located principally in northwestern Quebec and exploration and development
activities in Canada and the southwestern United States. Agnico-Eagle's
operating history includes three decades of continuous gold production,
primarily from underground mining operations. Current proven and probable
reserves stand at 3.3 million contained ounces, with an additional 5.2 million
ounces in the mineral resource category at LaRonde. Agnico-Eagle's head office
is located at 145 King Street East, Suite 500, Toronto, Ontario M5C 2Y7.
SOURCE Agnico-Eagle Mines Limited
-0- 12/19/2002
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