( All amounts expressed in United States dollars unless otherwise
noted)
TORONTO, March 27, 2017 /PRNewswire/ - Agnico Eagle
Mines Limited (NYSE: AEM, TSX: AEM) ("Agnico Eagle") announced today that it has agreed to issue and sell 5,003,412
common shares of Agnico Eagle (the "Common Shares") directly to an institutional investor in the United
States at a price of US$43.97 per Common Share, for total consideration of approximately
US$220 million (the "Offering"). The net proceeds of the Offering will be used for general
corporate purposes. The Offering is expected to close on or about March 31, 2017, subject to stock
exchange approval and the satisfaction of customary conditions.
The Common Shares were offered and are being sold directly by Agnico Eagle without an underwriter or placement agent.
Maxit Capital LP and Sprott Capital Partners are acting as financial advisors to Agnico Eagle in connection with the
Offering.
"Agnico Eagle is pleased to welcome an important new strategic institutional investor to our share register, and we look
forward to continuing to develop this relationship over time," said Sean Boyd, Agnico Eagle's
Chief Executive Officer. "The offering also further enhances our financial flexibility as we build out our platform of high
quality growth projects," added Mr. Boyd.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Common Shares, nor shall
there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Agnico Eagle
Agnico Eagle is a senior Canadian gold mining company that has produced precious metals since 1957. Its eight mines are
located in Canada, Finland and Mexico, with exploration and development activities in each of these countries as well as in the United States and Sweden. Agnico Eagle and its shareholders have full
exposure to gold prices due to its long-standing policy of no forward gold sales. Agnico Eagle has declared a cash dividend every
year since 1983.
Other Information
The Common Shares were offered by way of a prospectus supplement under Agnico Eagle's shelf prospectus and registration
statement on Form F-10 previously filed with the U.S. Securities and Exchange Commission (the "SEC") under the U.S./Canadian
multijurisdictional disclosure system. The prospectus supplement will be filed with the securities commissions or similar
regulatory authorities in each of the provinces of Canada and with the SEC.
Forward-Looking Statements
The information in this news release has been prepared as at March 27, 2017. Certain statements
in this news release, referred to herein as "forward-looking statements", 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. These statements can be identified by the use of words such as "expected",
"may", "will" or similar terms.
Forward-looking statements in this news release include, but are not limited to, statements relating to Agnico Eagle's
expected use of the net proceeds from the Offering, the expected timing of the closing of the Offering and the filing by Agnico
Eagle of a prospectus supplement relating to the Offering.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by
Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive
uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from
those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date made. Other than as required by law, Agnico Eagle does not intend,
and does not assume any obligation, to update these forward-looking statements
SOURCE Agnico Eagle Mines Limited