Agnico Eagle Mines Limited

Agnico EagleÕs mines set another gold production record in 2015 and generated approximately $990 million of total operating margin. In 2016, we expect to produce approximately 1,590,000 ounces of gold. Our primary objective is to build a high-quality business focused on solid execution that drives growth in cash flow per share. Our strategy has been consistent for many years Ñ to minimize financial and political risk while using our broad range of technical skills and experience to build long-life, manageable operations in recognized mining regions. This strategy has worked well for us and our owners over our 59 years, and we see no need to change our approach.