TORONTO, Nov 1, 2002 /PRNewswire-FirstCall via COMTEX/ --Stock Symbols: AEM (NYSE) AGE (TSX) Agnico-Eagle Mines
Limited ("Agnico-Eagle") today announced that to satisfy requirements under the
terms of its recently announced offering of common shares and warrants, it has
filed a preliminary short form base shelf prospectus with the securities
commissions in each of the provinces of Canada and a shelf registration
statement with the United States Securities and Exchange Commission. Under this
prospectus, Agnico-Eagle may from time to time offer by way of shelf prospectus
supplement debt securities, common shares or warrants to purchase debt
securities or common shares in the aggregate amount of up to US$500,000,000.
Agnico-Eagle has no present intention to offer securities under the shelf
prospectus other than common shares issuable upon the exercise of the warrants
in the United States.
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.
The shelf registration statement relating to these securities filed with the
United States Securities and Exchange Commission has not yet become effective.
Securities may not be sold nor may offers to buy be accepted prior to the time
the shelf registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state.
This press release contains certain "forward-looking statements" (within the
meaning of the United States Private Securities Litigation Reform Act of 1995)
that involve a number of risks and uncertainties. There can be no assurance that
such statements will prove to be accurate; actual results and future events
could differ materially from those anticipated in such statements. Risks and
uncertainties are disclosed under the heading "Risk Factors" in the Company's
Annual Information Form (AIF) filed with Canadian securities regulators
(including the Ontario and Quebec Securities Commissions) and with the United
States Securities and Exchange Commission (on Form 20-F).
SOURCE Agnico-Eagle Mines Limited
CONTACT:
David Garofalo, VP Finance and CFO, (416) 847-3708
(AGE. AEM)
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