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Agnico-Eagle Provides Exploration Update; Announces Senior Management Change - Shrs Gained 4% Monday

Agnico-Eagle Mines Limited (AEM.TO) provided interim results from its 2012 exploration program. The 2012 program is primarily focused on drilling at Kittila (Finland), Meliadine (Canada) and Mascota/Bravo (Mexico), conversion of resources at La India (Mexico) and further exploration of the early-stage deposit at Tarachi (Mexico).

From January through May 2012, Agnico-Eagle spent approximately $43 million on exploration.

AEM also announced today that Ammar Al-Joundi, Senior Vice-President, Finance and Chief Financial Officer, is leaving the company, effective July 9, 2012, to assume a similar position with another resource company.

Agnico-Eagle's President and CEO Sean Boyd said: "Agnico-Eagle will take the necessary time to identify the best possible candidate to fill this position."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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