Agnico-Eagle Mines Limited

Agnico-Eagle Mines Limited
Stock Symbols: AEM (NYSE) AGE (TSX) 


TORONTO, March 18  /PRNewswire-FirstCall/ -- Agnico-Eagle Mines Limited
announced today that Staff of the Ontario Securities Commission have advised the
Company by letter dated March 17, 2004 that Commission Staff are contemplating
commencing proceedings against the Company and some members of management in
relation to the timing and content of the Company's disclosure concerning the
rock fall that occurred at Agnico's LaRonde mine in Quebec early 2003. The rock
fall was announced by press release dated March 31, 2003. The Board of Directors
of the Company met today to discuss the matter and investigate the issues
arising out of the Commission's letter. The Company intends to co-operate fully
with the Ontario Securities Commission and will respond as soon as practical to
the Commission's letter. 

DATASOURCE: Agnico-Eagle Mines Limited



CONTACT: James D. Nasso - Chairman, Agnico-Eagle Mines Limited,

[phone]

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