CORPORATE

UPDATE

Tumazos Conference
March 31, 2014
FORWARD LOOKING STATEMENTS

The information in this document has been prepared as at March 31, 2014. Certain statements contained in this document constitute “forward-looking statements”
within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward looking information under the provisions of Canadian provincial
securities laws. When used in this document, the words “anticipate”, “expect”, “estimate”, “forecast”, “will”, “planned”, and similar expressions are intended to identify
forward-looking statements or information.

Such statements include without limitation: statements regarding timing and amounts of capital expenditures and other assumptions; estimates of future reserves,
resources, mineral production, optimization efforts and sales; estimates of mine life; estimates of future internal rates of return, mining costs, total cash costs,
minesite costs, all-in sustaining costs and other expenses; estimates of future capital expenditures and other cash needs, and expectations as to the funding
thereof; statements and information as to the projected development of certain ore deposits, including estimates of exploration, development and production and
other capital costs, and estimates of the timing of such exploration, development and production or decisions with respect to such exploration, development and
production; estimates of reserves and resources, and statements and information regarding anticipated future exploration; the anticipated timing of events with
respect to the Company’s mine sites and statements and information regarding the sufficiency of the Company’s cash resources. Such statements and information
reflect the Company’s views as at the date of this document and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be
placed on such statements and information. Many factors, known and unknown could cause the actual results to be materially different from those expressed or
implied by such forward looking statements and information. Such risks include, but are not limited to: the volatility of prices of gold and other metals; uncertainty of
mineral reserves, mineral resources, mineral grades and mineral recovery estimates; uncertainty of future production, capital expenditures, and other costs;
currency fluctuations; financing of additional capital requirements; cost of exploration and development programs; mining risks; community protests; risks associated
with foreign operations; governmental and environmental regulation; the volatility of the Company’s stock price; and risks associated with the Company’s byproduct
metal derivative strategies. For a more detailed discussion of such risks and other factors that may affect the Company’s ability to achieve the expectations set forth
in the forward-looking statements contained in this document, see the Company’s Annual Information Form for the year ended December 31, 2013 filed on SEDAR
at www.sedar.com and included in the Company’s Form 40-F for the year ended December 31, 2013 filed on EDGAR at www.sec.gov, as well as the Company’s
other filings with the Canadian securities regulators and the U.S. Securities and Exchange Commission. The Company does not intend, and does not assume any
obligation, to update these forward-looking statements and information. Alain Blackburn, a Qualified Person and the Company’s Senior Vice-President, Exploration,
reviewed the technical information disclosed herein. For a detailed breakdown of the Company’s reserve and resource position see the Company’s Annual
Information Form or Form 40-F.

AGNICO EAGLE | CORPORATE UPDATE | 2

NOTES TO INVESTORS

Note Regarding the Use of Non-GAAP Financial Measures

This document presents estimates of future “total cash cost per ounce”, “minesite cost per tonne”, and “all-in sustaining cost” that are not recognized measures
under United States generally accepted accounting principles (“US GAAP”). This data may not be comparable to data presented by other gold producers. These
future estimates are based upon the total cash costs per ounce and minesite costs per tonne that the Company expects to incur to mine gold at the applicable sites
and do not include production costs attributable to accretion expense and other asset retirement costs, which will vary over time as each project is developed and
mined. It is therefore not practicable to reconcile these forward-looking non-GAAP financial measures to the most comparable GAAP measure. A reconciliation of
the Company’s total cash cost per ounce, all-in sustaining cost per ounce, and minesite cost per tonne to the most comparable financial measures calculated and
presented in accordance with US GAAP for the Company’s historical results of operations is set forth in the Company’s annual management’s discussion and
analysis (“MD&A”) for the year ended December 31, 2013 available on SEDAR at www.sedar.com and included in the Company’s Form 40-F (the “Form 40-F”)
available on EDGAR at www.sec.gov, as well as the Company’s other filings with the Canadian securities regulators and the SEC.

Note Regarding Production Guidance

The gold production guidance is based on the Company’s mineral reserves but includes contingencies and assumes metal prices and foreign exchange rates that
are different from those used in the reserve estimates. These factors and others mean that the gold production guidance presented in this disclosure does not
reconcile exactly with the production models used to support these mineral reserves.

AGNICO EAGLE | CORPORATE UPDATE | 3

GOLD – THE INVESTMENT THESIS REMAINS INTACT

Geopolitical
Instability

Continued
Central
Debasement
Bank
of International
Buying
Currencies

Flat Mine Inflation

Supply Hedge

Strong
Physical
Safe Haven
Demand in
Asset Class
China and
India

AGNICO EAGLE | CORPORATE UPDATE | 4

AGNICO EAGLE – A PREMIUM GOLD EQUITY

Delivering
on
Production
Guidance 16%
Diversified
Production
Technical
Growth
Expertise
Through 2016

Long term 2014 AISC

Experienced below $1000
Management per ounce

RUNNING A
MANAGEABLE
BUSINESS Highest
Reserve
Grade
Low Political
amongst
Risk
North
American
Peers

32 years
of Balance
Consecutive Sheet
Dividend Flexibility
Payments Low Share
Count after
57 Years

AGNICO EAGLE | CORPORATE UPDATE | 5

2013 HIGHLIGHTS

 Record annual gold production of 1.10M oz, vs. guidance of 1.06M oz

– Total cash costs at $672/oz, below $690/oz guidance
– All-in sustaining cost at $952/oz, below guidance of $1,025/oz
 Record annual gold production at Meadowbank – 430,613 oz at a total
cash cost of $774/oz
 Commercial production declared at Goldex
and commissioning on track at La India Meadowbank
Kittila

LaRonde
Lapa NORTHERN
Goldex BUSINESS

La India SOUTHERN
BUSINESS
Pinos Altos

 Lower gold price environment leads to :

– Non-cash after-tax impairment charge of
$436M at Meadowbank, Meliadine and Lapa
– Quarterly dividend reduced to $0.08 per share
to ensure financial flexibility
– Average reserve grade increased by 11% to
3.5 g/t and 0.7 M oz reduction in reserves
at year end 2013 (before production)

AGNICO EAGLE | CORPORATE UPDATE | 6

2013 OPERATING RESULTS
RECORD PRODUCTION AND IMPROVED COST PERFORMANCE

2013
Production (oz) Total Cash Cost ($/oz) Operating Margin ($, 000’s)
Northern Business
LaRonde 181,781 $763 $99,989
Lapa 100,730 $678 $71,635
Goldex 20,810 $782 $8,246
Kittila 146,421 $601 $111,277
Meadowbank 430,613 $774 $227,579
880,355 $732 $518,726
Southern Business
Pinos Altos 181,773 $412 $173,074
Creston Mascota 34,027 $485 $21,679
La India 3,180 n.a. n.a.
218,980 $424 $194,753
Total 1,099,335 $672 $713,479

2013 Revenue by Metal 2013 Total Operating Margin – $713 M

LaRonde, Meadowbank
14% 32%
Base Metals
2% Gold Lapa, 10%
92% Creston
Mascota, 3%
Silver
Goldex, 1%
6%

Kittila, 16% Pinos Altos,

24%

AGNICO EAGLE | CORPORATE UPDATE | 7

IMPROVED OPERATING METRICS
PRODUCTIVITY AND COST SAVING INITIATIVES DELIVERING RESULTS
Production (koz) Cost/tonne

Laronde Lapa Meadowbank

60 $112 30 $120 150 $94

50 25 125
$104 $115 $88
40 20 100

30 $96 15 $110 75 $82

20 10 50
$88 $105 $76
10 5 25

- $80 - $100 - $70

Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13

Kittila Pinos Altos Creston Mascota

60 $80 60 $56 12 $20

50 50 11
$76 $42 $15
40 40 10

30 $72 30 $28 9 $10

20 20 8
$68 $14 $5
10 10 7

- $64 - $- 6 $-
Q4-12 Q1-13 Q3-13 Q4-13 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q2-13 Q3-13 Q4-13
No production in Q2/13 due to scheduled shutdown Includes milling and heap leach tonnes No production in Q1/13 due to temporary suspension

AGNICO EAGLE | CORPORATE UPDATE | 8

MODERATE, ACHIEVABLE PRODUCTION GROWTH
16% FUNDED PRODUCTION GROWTH THROUGH 2016

Payable Gold Production Profile

Northern Business (oz) Southern Business (oz) Cash Costs ($)

1,250,000 1,275,000
1,190,000
1,099,335
1,043,811
985,460 $678
$672

$640

$580
955,000 975,000
808,974 880,355 955,000
781,080 295,000 300,000
234,837 218,980 235,000
204,380

2011A 2012A 2013A 2014E 2015E 2016E

AGNICO EAGLE | CORPORATE UPDATE | 9

NORTHERN BUSINESS – FINLAND AND CANADA
HIGHER CAPITAL REQUIREMENTS, BUT GENERALLY LONGER LIFE
PRODUCTION ASSETS

2014 FORECAST HIGHLIGHTS

 Cooling plant now operational

215,000 ozs – provides additional flexibility to mining plan
LARONDE at a total cash cost of
$671/oz  Production from deeper, higher grade area of the mine
expected to ramp up substantially through 2016

 Record low minesite costs per tonne in the fourth

430,000 ozs quarter 2013 expected to continue in 2014
MEADOWBANK at a total cash cost of
$629/oz  Higher grades at Goose expected to persist into 2014,
leading to strong first half production

 750 tpd mill expansion remains on budget with start-up

150,000 ozs expected in mid-2015
KITTILA at a total cash cost of
$759/oz  Production shaft and Rimpi zone development under
consideration

 Throughput expected to increase to 6,000 tpd in 2015

80,000 ozs
GOLDEX at a total cash cost of  Continuing evaluation of satellite deposits
$799/oz – potential to enhance production and cost profile

 Improved minesite costs due to ongoing cost saving

80,000 ozs measures
LAPA at a total cash cost of
$850/oz  Positive exploration at Zulapa 8 zone could extend
mine life

AGNICO EAGLE | CORPORATE UPDATE | 10

SOUTHERN BUSINESS – MEXICO
LOWER CAPITAL COST ASSETS WITH POTENTIAL FOR SIGNIFICANT
CASH FLOW GENERATION

2014 FORECAST HIGHLIGHTS

 Strong mill performance continued in 2013

145,000 ozs
PINOS ALTOS at a total cash cost of  Shaft sinking project at Pinos Altos on schedule
$532/oz for 2015 startup which should allow for better
matching of mill and mining capacity

 Phase 3 leach pad construction at Creston Mascota

40,000 ozs expected to be completed by late March 2014
CRESTON
at a total cash cost of  Stronger production expected in 2H 2014 with
MASCOTA
$754/oz commissioning of a new agglomerator

 Commercial production expected in Q1 2014

50,000 ozs
LA INDIA at a total cash cost of  Throughput continues to ramp up - stacking rates
$743/oz currently averaging approx. 12,000 tpd

AGNICO EAGLE | CORPORATE UPDATE | 11

CAPITAL SPENDING
CONTINUED FOCUS ON REDUCING CAPITAL SPENDING
TO GENERATE MORE FREE CASH FLOW

Capital Expenditures (US$ millions)

$908

$655
$577
$511
$482
$445
$416

2008A 2009A 2010A 2011A 2012A 2013A 2014E

Actual Estimate

AGNICO EAGLE | CORPORATE UPDATE | 12

CASH AND ALL-IN SUSTAINING COSTS
EXPECTED TO TREND LOWER GOING FORWARD

Cash and All-in Sustaining Costs (AISC) Per Ounce

Actual Guidance
$1,025
$952

Cash Costs and AISC

$672 $690 for 2014 expected to be
approximately

$678 and

$990*
*AISC per ounce are calculated as total cash
2013 Cash Costs 2013 AISC costs + sustaining capital (including capitalized
exploration) + general and administrative
expenses (including stock option expenses) +
reclamation remediation expense

AGNICO EAGLE | CORPORATE UPDATE | 13

HIGHEST RESERVE GRADE AMONGST NORTH AMERICAN PEERS

Reserve Grade (g/t)

Approximately

of Agnico’s gold reserves have

3.87
3.51
89% forecast total cash costs below
$950/oz and

64% have forecast total cash costs

below $700/oz
Note: Estimates not based on detailed mining plans

AVERAGE 1.35

1.17 1.14
1.02 1.01 0.98 0.88
0.74

GOLD* AEM EGO IAG NEM OSK GG AUY KGC

*Reserve grade at December 31, 2012

Source: Bloomberg, company reports AGNICO EAGLE | CORPORATE UPDATE | 14

FINANCIAL POSITION
CASH, EXPECTED CASH FLOWS, AND AVAILABLE CREDIT PROVIDE FLEXIBILITY

All Amounts Are In US$, (Unless Otherwise Indicated) Dec 31, 2013

Cash And Cash Equivalents (millions) $170

Outstanding Debt (billion) $1.0

Available Credit Facilities (billion) $1.0

Common Shares Outstanding, Basic (FY 2013 Weighted Average, millions) 172.9

Common Shares Outstanding, Fully Diluted (FY 2013 Weighted Average, millions) 172.9

Long-term Debt Maturities

2017 2020 2022 2024

Notes Outstanding (millions) $115 $360 $225 $100

Coupon 6.13% 6.67% 5.93% 5.02%

AGNICO EAGLE | CORPORATE UPDATE | 15

32 YEARS OF CONTINUOUS DIVIDEND PAYMENTS

Annualized 2014E Dividend Yield

2.22%

1.48%

0.89% 0.87%
0.64% 0.62%
0.44%

0.00% 0.00%
GG AUY AEM ABX NEM GOLD EGO IAG KGC

Source: Bloomberg, company reports AGNICO EAGLE | CORPORATE UPDATE | 16

LOW POLITICAL RISK, MINING FRIENDLY JURISDICTIONS
HELPS CREATE A MANAGEABLE BUSINESS

NA Gold Producers Political Risk Ranking

72%
68%
64%
60% 59%
54%
52%

40% 40%

AEM NEM ABX NGD GG AUY KGC IAG EGO

Production weighted Fraser Institute Policy Potential Index scores by company (2012-2015)

Source: Fraser Institute, Barclays Research AGNICO EAGLE | CORPORATE UPDATE | 17

 PROJECT PIPELINE EXPECTED TO PROVIDE FURTHER GROWTH

Expansion
EXPANSIONS FEASIBILITY EXPLORATION

Hanhimaa
NORTHERN BUSINESS

Kittila Plant Expansion

Kittila Shaft

IVR

Goldex Satellites

Meliadine

Pinos Altos Satellites

SOUTHERN BUSINESS

Pinos Altos Shaft

Tarachi

AGNICO EAGLE | CORPORATE UPDATE | 18

COST EFFECTIVE EXPLORATION
REFLECTS SUCCESSFUL M&A STRATEGY
SIGNIFICANT EXPLORATION RESULTS AT ACQUIRED PROPERTIES

Mined through 2013 (koz) Proven & Probable (koz) Measured & Indicated (koz) Inferred (koz) Cost per Oz ($)

Kittila Meadowbank Meliadine Pinos Altos La India

+4,717 koz +3,615 koz 8,635 koz

7,517 koz

+527 koz +2,548 koz

5,020 koz
4,648 koz
4,357 koz
3,830 koz
+1,157 koz
2,800 koz
2,423 koz
2,100 koz
1,266 koz

2005 2013 2007 2013 2010 2013 2006 2013 2011 2013

$186
$173

$121
$107

$54
$43
$35
$23 $28
$16

Purchase Discovery Purchase Discovery Purchase Discovery Purchase Discovery Purchase Discovery

Note: The terms “measured resources”, “indicated resources” and “inferred resources” are not recognized under the SEC
guidelines. Detailed information can be found in the February 13, 2013 press release. AGNICO EAGLE | CORPORATE UPDATE | 19
 15-YEAR INDEXED SHARE PERFORMANCE
AGNICO EQUITY POISED FOR OUTPERFORMANCE

AEM US Equity Gold Spot XAU Index

2500%

AEM US Equity
CAGR
2000%

12.94%
1500%

Gold Spot
CAGR

10.00% 1000%

XAU Index
CAGR

1.68% 500%

0%
1/4/1999 1/4/2001 1/4/2003 1/4/2005 1/4/2007 1/4/2009 1/4/2011 1/4/2013

Source: Bloomberg AGNICO EAGLE | CORPORATE UPDATE | 20

FUTURE CATALYSTS

 Strong H1 2014 production expected at Meadowbank due to increased grades and

accelerated stripping at Goose deposit
 Commercial production expected at La India in Q1 2014
 Continuing evaluation of satellite deposits at Pinos Altos and Goldex, which could enhance
production and cost profiles
 Updated Meliadine technical study in Q4 2014
 Update on a production shaft and Rimpi Zone development at Kittila in late 2014
 Completion of 750 tpd mill expansion at Kittilla by mid-2015
 Installation of new ore conveyor at LaRonde Deep in 2015 – should help reduce costs and
congestion

AGNICO EAGLE | CORPORATE UPDATE | 21

APPENDIX
ESTIMATED PAYABLE GOLD PRODUCTION (2014 – 2016)

2014 2015 2016

Estimated Mid Point (oz) Total Cash Cost ($/oz) Estimated Mid Point (oz) Estimated Mid Point (oz)

Northern Business
LaRonde 215,000 $671 245,000 285,000
Lapa 80,000 $850 75,000 45,000
Goldex 80,000 $799 100,000 90,000
Kittila 150,000 $759 160,000 170,000
Meadowbank 430,000 $629 375,000 385,000
955,000 $692 955,000 975,000
Southern Business
Pinos Altos 145,000 $532 165,000 170,000
Creston Mascota 40,000 $754 40,000 40,000
La India 50,000 $743 90,000 90,000
235,000 $615 295,000 300,000
Total Gold Production 1,190,000 $678 1,250,000 1,275,000

Estimated Byproduct Production – 2014

2014
Ag Production (000’s oz) Zn Production (tonnes) Cu Production (tonnes)

Northern Business 1,027 7,830 5,126

Southern Business 2,173 - -
Total Byproduct Production 3,200 7,830 5,126
AGNICO EAGLE | CORPORATE UPDATE | 23
GOLD AND SILVER RESERVES AND RESOURCES
DECEMBER 31, 2013

Gold Silver
Tonnes Gold Gold Tonnes Silver Silver
(000’s) (g/t) (ounces) (000’s) (000’s) (g/t) (ounces) (000’s)

Reserves
Northern Business 93,618 4.60 13,841 24,127 19.59 15,192
Southern Business 55,800 1.69 3,024 28,703 64.32 59,354
Total 149,418 3.51 16,865 52,830 43.89 74,546

Measured & Indicated

Resources
Northern Business 86,869 2.96 8,276 4,242 32.53 4,436
Southern Business 70,171 0.61 1,378 13,935 33.63 15,066
Total 157,040 1.91 9,654 18,177 33.37 19,502

Inferred Resources
Northern Business 69,674 3.77 8,434 10,536 14.72 4,986
Southern Business 99,795 0.53 1,686 17,707 26.28 14,962
Total 169,470 1.86 10,121 28,243 21.97 19,948

See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources. Reserves are not a subset of resources. AGNICO EAGLE | CORPORATE UPDATE | 24
COPPER, ZINC AND LEAD RESERVES AND RESOURCES
DECEMBER 31, 2013

Copper Zinc Lead

Tonnes Copper Copper Tonnes Zinc Zinc Tonnes Lead Lead
(000’s) (%) (tonnes) (000’s) (%) (tonnes) (000’s) (%) (tonnes)

Reserves
Northern Business 24,127 0.25 59,519 24,127 0.67 161,108 24,127 0.04 9,964
Southern Business
Total 24,127 0.25 59,519 24,127 0.67 161,108 24,127 0.04 9,964

Measured & Indicated

Resources
Northern Business 4,242 0.16 6,981 4,242 1.61 68,127 4,242 0.16 6,793
Southern Business
Total 4,242 0.16 6,981 4,242 1.61 68,127 4,242 0.16 6,793

Inferred Resources
Northern Business 10,536 0.27 28,118 10,536 0.55 58,463 10,536 0.05 5,176
Southern Business
Total 10,536 0.27 28,118 10,536 0.55 58,463 10,536 0.05 5,176

See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources. Reserves are not a subset of resources. AGNICO EAGLE | CORPORATE UPDATE | 25
NORTHERN
BUSINESS
MEADOWBANK
RECORD PRODUCTION IN 2013

P&P Gold Reserves (million oz) 1.8

Average Gold Reserve Grade (g/t) 3.2

Indicated gold resource (million oz) 0.8

(7.3 M tonnes @ 3.28 g/t)

Inferred gold resource (million oz) 0.4

(3.3 M tonnes @ 3.96 g/t)

Estimated LOM (years) 4

 In 2013, reserve grade at Meadowbank improved Production (oz) Cash Costs

16% to 3.24 g/t gold due to reinterpretation of

Goose and Portage block models
430,613
 Record low minesite costs per tonne in the fourth 366,030
quarter expected to continue in 2014 270,801

 With increased grades and accelerated stripping at

Goose, Meadowbank expected to have strong first $1,000 $913
$774
half production in 2014
2011 2012 2013

See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources. AGNICO EAGLE | CORPORATE UPDATE | 27
LARONDE
IN 2014, 80% OF ORE EXPECTED TO BE SOURCED FROM DEEPER
HIGHER GRADE ZONES

P&P Gold Reserves (million oz) 3.9

Average Gold Reserve Grade (g/t) 5.0

Indicated resource (million oz) 0.3

(4.2 M tonnes @ 2.12 g/t)

Inferred resource (million oz) 1.6

(10.5 M tonnes @ 4.61 g/t)

Estimated LOM (years) 14

 Cooling plant now operational – provides Production (oz) Cash Costs

additional flexibility to mining plan

181,781
 Production from deeper, higher grade area of mine 160,875
expected to ramp up substantially through 2016
124,173
 In 2015, new ore conveyor system expected to be $763
installed in the deeper portion of the mine $569
– should help further reduce costs and congestion
 Reserve grade increased from 4.5 to 5.0 g/t gold $77
2011 2012 2013

See AEM Feb 13, 2014 press release for detailed breakdown of reserves and resources. AGNICO EAGLE | CORPORATE UPDATE | 28
KITTILA
LONG LIFE ASSET WITH FURTHER EXPANSION POTENTIAL

P&P Gold Reserves (million oz) 4.7

Average Gold Reserve Grade (g/t) 4.6

Measured & Indicated gold resource (million oz) 1.0

(11.0 M tonnes @ 2.79 g/t)

Inferred gold resource (million oz) 1.0

(7.5 M tonnes @ 4.12 g/t)

Estimated LOM (years) 25

 Record annual mill recovery of 90.2% in 2013 Production (oz) Cash Costs

 750 tpd mill expansion remains on budget with

175,878
start-up expected in mid-2015
143,560 146,421
 Production shaft and Rimpi Zone development
under consideration – shaft could provide $739
operational savings and sustain long-term $565 $601

production at higher throughput levels

2011 2012 2013

See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources. AGNICO EAGLE | CORPORATE UPDATE | 29
GOLDEX
COMMERCIAL PRODUCTION DECLARED ON THE M AND E ZONES IN Q4 2013

P&P Gold Reserves (million oz) 0.4

Average Gold Reserve Grade (g/t) 1.5

Measured & Indicated gold resource (million oz) 1.9

(30.1 M tonnes @ 1.96 g/t)

Inferred gold resource (million oz) 1.4

(26.1 M tonnes @ 1.64 g/t)

Estimated LOM (years) 4

 19,305 oz gold produced during fourth quarter Production (oz) Cash Costs

2013, exceeding 15,000 oz guidance

 Throughput expected to increase to 6,000 tpd 135,478

in 2015 from 5,500 tpd in 2014

 Development activities will begin on the MX and $782

E2 satellite zones in 2014 with exploration

activities to continue on other zones $401
20,810
 Newly acquired Akasaba West deposit could
provide future mill feed to Agnico’s Abitibi facilities 2011 2013
Note: Goldex did not operate in 2012
See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources. AGNICO EAGLE | CORPORATE UPDATE | 30
LAPA
STRONG COST CONTAINMENT AND STEADY PRODUCTION IN 2013

P&P Gold Reserves (million oz) 0.3

Average Gold Reserve Grade (g/t) 6.0

Indicated gold resource (million oz) 0.2

(1.6 M tonnes @ 4.28 g/t)

Inferred gold resource (million oz) 0.2

(1.0 M tonnes @ 5.49 g/t)

Estimated LOM (years) 3

 Improved minesite costs due to ongoing cost Production (oz) Cash Costs

saving measures
 Steady state operation 107,068 106,191
100,730
 Positive exploration results in the Zulapa area
could extend the mine life $697 $678
$650

2011 2012 2013

See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources. AGNICO EAGLE | CORPORATE UPDATE | 31
MELIADINE
RAMP EXTENSION IN 2014 PROVIDES DEVELOPMENT FLEXIBILITY

P&P Gold Reserves (million oz) 2.8

Average Gold Reserve Grade (g/t) 7.4

Indicated gold resource (million oz) 3.1

(19.0 M tonnes @ 5.05 g/t)

Inferred gold resource (million oz) 2.7

(11.7 M tonnes @ 7.20 g/t)

Estimated LOM (years)

 2014 capital expenditures forecast to be $47 million

 Main focus on ramp development
 Program also includes in-fill drilling on Tiriganiaq and Wesmeg/ Normeg zones
 Reserve grade increased from 7.0 g/t to 7.4 g/t gold
 Encouraging exploration results from Tiriganiaq, Normeg, Pump South, and F Zones in 2013
 Updated technical study on track for Q4 2014

See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources. AGNICO EAGLE | CORPORATE UPDATE | 32
SOUTHERN
BUSINESS
PINOS ALTOS

P&P Gold Reserves (million oz)* 2.3

Average Gold Reserve Grade (g/t) 2.5

Indicated gold resource (million oz)* 0.7

(13.9 M tonnes @ 1.54 g/t)

Inferred gold resource (million oz)* 0.7

(17.7 M tonnes @ 1.28 g/t)

Estimated LOM (years) 17

 Strong mill performance continued in 2013 Production (oz) Cash Costs

 Shaft sinking project at Pinos Altos on schedule for

183,662 181,773
2015 startup which should allow for better 166,158
matching of mill and mining capacity
 At Pinos Altos, evaluation continues on a number
of potential satellite deposits that could enhance $412

production and cost profile $284 $276

*Pinos Altos reserves and resources include the Creston Mascota mine 2011 2012 2013
See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources.

AGNICO EAGLE | CORPORATE UPDATE | 34

CRESTON MASCOTA

P&P Gold Reserves (million oz)* 2.3

Average Gold Reserve Grade (g/t) 2.5

Indicated gold resource (million oz)* 0.7

(13.9 M tonnes @ 1.54 g/t)

Inferred gold resource (million oz)* 0.7

(17.7 M tonnes @ 1.28 g/t)

Estimated LOM (years) 17

 Phase 3 leach pad construction at Creston Production (oz) Cash Costs

Mascota expected to be completed by late

March 2014 51,175
 Stronger production expected in 2H 2014 with
38,222
commissioning of a new agglomerator 34,027

$485
$366 $326

*Pinos Altos reserves and resources include the Creston Mascota mine 2011 2012 2013
See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources.

AGNICO EAGLE | CORPORATE UPDATE | 35

LA INDIA
COMMERCIAL PRODUCTION EXPECTED IN Q1 2014

P&P Gold Reserves (million oz) 0.8

Average Gold Reserve Grade (g/t) 0.9

Measured & Indicated gold resource (million oz) 0.7

(56.2 M tonnes @ 0.38 g/t)

Inferred gold resource (million oz) 1.0

(82.1 M tonnes @ 0.36 g/t)

Estimated LOM (years) 8

 In 2013 mine reported 3,180 oz pre-commercial gold production

 Throughput continues to ramp up - stacking rates currently averaging approx. 12,000 tpd
 Further work planned in 2014 to better define mineral domains of known sulfide mineralization

See AEM Feb 12, 2014 press release for detailed breakdown of reserves and resources. AGNICO EAGLE | CORPORATE UPDATE | 36
NOTES TO INVESTORS REGARDING THE USE OF RESOURCES

Cautionary Note to Investors Concerning Estimates of Measured and Indicated Resources

This document uses the terms “measured resources” and “indicated resources”. We advise investors that while those terms are recognized and required by Canadian regulations, the
SEC does not recognize them. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves.

Cautionary Note to Investors Concerning Estimates of Inferred Resources

This document also uses the term “inferred resources”. We advise investors that while this term is recognized and required by Canadian regulations, the SEC does not recognize it.
“Inferred resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of
an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-
feasibility studies, except in rare cases. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.

Scientific and Technical Data

Agnico Eagle Mines Limited is reporting mineral resource and reserve estimates in accordance with the CIM guidelines for the estimation, classification and reporting of resources and
reserves.

Cautionary Note To U.S. Investors – The SEC permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically
and legally extract or produce. Agnico Eagle uses certain terms in this press release, such as “measured”, “indicated”, and “inferred”, and “resources” that the SEC guidelines strictly
prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 40-F and other U.S. filings, which
may be obtained from us, or from the SEC’s website at: http://sec.gov/edgar.shtml.

In prior periods, reserves for all properties were typically estimated using historic three-year average metals prices and foreign exchange rates in accordance with the SEC guidelines.
These guidelines require the use of prices that reflect current economic conditions at the time of reserve determination, which the Staff of the SEC has interpreted to mean historic
three-year average prices. Given the current lower commodity price environment, Agnico Eagle has decided to use price assumptions that are below the three-year averages. The
assumptions used for the mineral reserves estimates at all mines and advanced projects as of December 31, 2013, reported by the Company on February 12, 2014, are $1,200 per
ounce gold, $18.00 per ounce silver, $0.82 per pound zinc, $3.00 per pound copper, $0.91 per pound lead and C$/US$, US$/Euro and MXP/US$ exchange rates of 1.03, 1.32 and
12.75, respectively.

The Canadian Securities Administrators’ National Instrument 43-101 (“NI 43-101”) requires mining companies to disclose reserves and resources using the subcategories of “proven”
reserves, “probable” reserves, “measured” resources, “indicated” resources and “inferred” resources. Mineral resources that are not mineral reserves do not have demonstrated
economic viability.

AGNICO EAGLE | CORPORATE UPDATE | 37

NOTES TO INVESTORS REGARDING THE USE OF RESOURCES

A mineral reserve is the economically mineable part of a measured or indicated mineral resource demonstrated by at least a preliminary feasibility study. This study must include
adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified. A
mineral reserve includes diluting materials and allows for losses that may occur when the material is mined. A proven mineral reserve is the economically mineable part of a measured
mineral resource demonstrated by at least a preliminary feasibility study. A probable mineral reserve is the economically mineable part of an indicated, and in some circumstances, a
measured mineral resource demonstrated by at least a preliminary feasibility study.

A mineral resource is a concentration or occurrence of natural, solid, inorganic material, or natural solid fossilized organic material including base and precious metals in or on the
Earth’s crust in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction. The location, quantity, grade, geological characteristics
and continuity of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge. A measured mineral resource is that part of a mineral
resource for which quantity, grade or quality, densities, shape and physical characteristics are so well established that they can be estimated with confidence sufficient to allow the
appropriate application of technical and economic parameters, to support production planning and evaluation of the economic viability of the deposit. The estimate is based on detailed
and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that are
spaced closely enough to confirm both geological and grade continuity. An indicated mineral resource is that part of a mineral resource for which quantity, grade or quality, densities,
shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine
planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate
techniques from locations such as outcrops, trenches, pits, workings and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed. An
inferred mineral resource is that part of a mineral resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and
reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from
locations such as outcrops, trenches, pits, workings and drill holes. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.

A Feasibility Study is a comprehensive technical and economic study of the selected development option for a mineral project that includes appropriately detailed assessments of
realistically assumed mining, processing, metallurgical, economic, marketing, legal, environmental, social and governmental considerations together with any other relevant operational
factors and detailed financial analysis, that are necessary to demonstrate at the time of reporting that extraction is reasonably justified (economically mineable). The results of the study
may reasonably serve as the basis for a final decision by a proponent or financial institution to proceed with, or finance, the development of the project. The confidence level of the
study will be higher than that of a Pre-Feasibility Study.

The effective date for all of the Company’s mineral resource and reserve estimates in this presentation is December 31, 2013. Additional information about each of the mineral projects
that is required by NI 43-101, sections 3.2 and 3.3 and paragraphs 3.4 (a), (c) and (d) can be found in the Technical Reports referred to above, which may be found at www.sedar.com.
Other important operating information can be found in the Company’s annual information form dated March 21, 2014 available on SEDAR at www.sedar.com and incorporated in the
Form 40-F available on EDGAR at www.sec.gov.

The mineral reserve and resource information has been reviewed and approved by Daniel Doucet, Corporate Director, Reserve Development, under the supervision of Alain Blackburn,
Senior Vice-President, Exploration. Both Mr. Doucet and Mr. Blackburn are designated P.Eng. with the Ordre ingenieurs du Quebec and qualified persons as defined by NI 43-101.

AGNICO EAGLE | CORPORATE UPDATE | 38

Trading Symbol:
AEM on TSX & NYSE
Investor Relations:
416-847-8665
info@agnicoeagle.com

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