Stock Symbol: AEM (NYSE and TSX)
AGNICO-EAGLE RECEIVES $130,640,561 AND ISSUES 6,875,819 COMMON SHARES ON EXERCISE OF SHARE PURCHASE WARRANTS
(All amounts expressed in US dollars unless otherwise noted)
Toronto (November 20, 2007) - Agnico-Eagle Mines Limited ("Agnico-Eagle") announced today that 6,875,819 share purchase warrants were exercised prior to their expiry at 5:00 p.m. on November 14, 2007 for proceeds to Agnico-Eagle of $130,640,561. The warrants were issued pursuant to a warrant indenture dated November 14, 2002 with Computershare Trust Company of Canada. Each warrant entitled the holder to purchase one common share of Agnico-Eagle for $19.00. Agnico-Eagle issued 6,875,819 common shares upon the exercise of the warrants.
About Agnico-Eagle
Agnico-Eagle is a long established Canadian gold producer with operations located in Quebec and exploration and development activities in Canada, Finland, Mexico and the United States. Agnico-Eagle's LaRonde Mine is Canada's largest gold deposit in terms of reserves. The Company has full exposure to higher gold prices consistent with its policy of no forward gold sales. It has paid a cash dividend for 25 consecutive years.
For further information:
David Smith; VP, Investor Relations
(416) 947-1212
RENMARK FINANCIAL COMMUNICATIONS INC.
JOHN BOIDMAN : JBOIDMAN@RENMARKFINANCIAL.COM
HENRI PERRON : HPERRON@RENMARKFINANCIAL.COM
MEDIA - EVA JURA : EJURA@RENMARKFINANCIAL.COM
TEL.: (514) 939-3989
FAX: (514) 939-3717
WWW.RENMARKFINANCIAL.COM
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Agnico-Eagle Mines Limited
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PRODUCER |
CODE : AEM.TO |
ISIN : CA0084741085 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Agnico-Eagle is a gold producing company based in Canada. Agnico-Eagle produces gold, copper, lead, silver and zinc in Canada, in Finland and in Mexico, develops copper, gold, lead, silver and zinc in Canada, and holds various exploration projects in Canada. Its main assets in production are LARONDE, LARONDE (EL COCO) MINE, MEADOWBANK and LARONDE EXTENSION in Canada, PINOS ALTOS in Mexico and KITTILA in Finland, its main assets in development are LAPA, GOLDEX and LARONDE in Canada and its main exploration properties are BOUSQUET MINE, JOUTEL, NIGHTHAWK, GERMAN PROPERTY, MOUNTJOY PROPERTY, THORNLOE, REID, NW DELORO, CARR - WILKIE, WHITNEY TISDALE, WARK, EASTER DOME, MELIADINE, ELLISON, BOUSQUET AND ELLISON, COLOMAC MINE, CABALLO BLANCO PROPERTY and VICTORY LAKE in Canada and MORELOS SUR in Mexico. Agnico-Eagle is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 20.2 billions as of today (US$ 14.7 billions, € 13.8 billions). Its stock quote reached its lowest recent point on October 29, 1999 at CA$ 10.10, and its highest recent level on November 13, 2020 at CA$ 99.66. Agnico-Eagle has 230 990 000 shares outstanding. |