AGNICO EAGLE REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS – RECORD ANNUAL GOLD OUTPUT; PRODUCTION GUIDANCE INCREASED FOR 2018 AND 2019; RESERVES INCREASE YEAR-OVER-YEAR

AEM-Q4-and-Full-Year-2017-ResultsL

TORONTO, Feb. 14, 2018 /CNW/ – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) (“Agnico Eagle” or the “Company”) today reported quarterly net income of $35.1 million, or net income of $0.15 per share for the fourth quarter of 2017.  This result includes mark-to-market adjustments and derivative losses of $1.0 million ($0.01 per share), non-recurring losses of $6.8 million ($0.03 per share) and non-cash foreign currency translation losses of $5.5 million ($0.02 per share).  Excluding these items would result in adjusted net income1$48.4 million ($0.21 per share) for the fourth quarter of 2017.  In the fourth quarter of 2016, the Company reported net income of $62.7 million or $0.28 per share.

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