Agnico-Eagle Mines Limited Annual Report

Business

strategy

At Agnico-Eagle Mines Limited (AEM), our strategy is simple: create exceptional shareholder value by maintaining a focus on per share metrics; acquire attractive assets at the right time and price; increase gold production and reserves; remain a low-cost leader and maintain a solid financial profile. It's that simple. And that's why it works.

people

On their own, machines and technology won't mine gold or keep a business running. To do those things, you need people. To do them well, you need great people. AEM has great people. Many have been with the company for decades, while others have joined us during our growth phase and injected fresh ideas and approaches. We attract good people with opportunity, reward them with challenge and keep them by showing that we are committed to their success.

assets

We admit it. We're choosy. AEM is only interested in acquiring and operating properties with exceptional long-term potential that are located in regions supportive of mining at every level. That's why our mines are in Canada, Finland and northern Mexico. We also like to own our properties outright. This allows us to focus our efforts on getting the most out of every mine we operate.

performance

From 2006 to 2010, AEM built five new mines and increased annual gold production fourfold. We grew gold reserves by 70% and positioned the Company to enjoy more long-term growth. Through much of this period, we also generated industry-leading returns for shareholders – topped off with a 256% dividend increase announced in 2010. That's good business. And that's the AEM way.

investment

Agnico-Eagle Mines Limited (AEM) is the gold stock of choice for investors interested in strong share performance and EXCEPTIONAL growth. We own SIX HIGHLY PROFITABLE GOLD mines that have the potential to grow, and WE have a long-term consistent strategy focused on increasing shareholders' exposure to gold on a per-share basis. our conservative strategy has served our shareholders well with a 42% share price increase in 2010 and 288% over the past five years. Agnico-Eagle Mines remains A WELL-RUN AND WELL-MANAGED COMPANY.