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On today's Canada's Business Report... Ramping up production at Agnico-Eagle

February 22, 2002

TORONTO, Feb. 22 /CNW/ - Sean Boyd, President and Chief Executive Officer of Agnico-Eagle Mines Limited, will be live today on Canada's Business Report in the Company In Profile segment. Mr. Boyd will talk about the company's fourth quarter financial results, plans for increasing production at Agnico- Eagle's LaRonde Mine, a potential new gold zone near the mine, and how the company is positioned to take advantage of current gold prices.

Agnico-Eagle Mines Limited is an established Canadian gold producer with operations located principally in Northwestern Quebec and exploration and development activities in Canada and the Southwestern United States. Agnico- Eagle's operating history includes almost three decades of gold production primarily from underground mining operations. The Company is focused on an expansion program at LaRonde that is expected to increase annual gold production and reduce cash costs to produce an ounce of gold. Current proven and probable reserves stand at 3.3 million contained ounces, with an additional 4.5 million ounces in the mineral resource category at its LaRonde Mine.

Executive produced by Canada NewsWire, Canada's Business Report provides listeners with the most comprehensive Canadian market information and analysis on radio. The half-hour weekday program airs on 7 stations coast to coast including CFRB 1010 in Toronto and can be heard live on the Canada NewsWire Web site beginning at 5:06 p.m. (ET) at www.newswire.ca/cbr.

For further information

    Robert Graham, Host, Canada's Business Report (416) 863-5728
    Bryan Woodruff, Executive Producer, Canada's Business Report (416) 863-2104
    Leon Wu, Canada NewsWire (416) 863-2092
    Archived images on this organization are available through CNW E-Pix at http://www.newswire.ca. Images are free to members of The Canadian Press.

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