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Agnico-Eagle announces 24th consecutive annual dividend
Stock Symbols: AEM (NYSE) AGE (TSX)
TORONTO, Dec. 17 /PRNewswire-FirstCall/ -- Agnico-Eagle Mines Limited today
announced an annual dividend of $0.03 per share, representing the 24th
consecutive year that Agnico-Eagle has paid a distribution to its shareholders.
The Company has declared a dividend of $0.03 per share, payable March 15, 2004
to shareholders of record March 5, 2004. The dividend rate is unchanged from
last year as management and the board of directors have decided to conserve cash
for the longer-term development and growth of its asset base.
Under the Company's Dividend Reinvestment Plan, shareholders will have the
opportunity to reinvest their dividends into shares of Agnico-Eagle.
Shareholders who have not received details of the Plan should contact the
Company or visit its website at http://www.agnico-eagle.com/.
Forward Looking Statements
This news release contains certain "forward-looking statements" (within the
meaning of the United States Private Securities Litigation Reform Act of 1995)
that involve a number of risks and uncertainties. There can be no assurance that
such statements will prove to be accurate; actual results and future events
could differ materially from those anticipated in such statements. Risks and
uncertainties are disclosed under the heading "Risk Factors" in the Company's
Annual Information Form (AIF) filed with certain Canadian securities regulators
(including the Ontario and Quebec Securities Commissions) and with the United
States Securities and Exchange Commission (as Form 20-F).
About Agnico-Eagle
Agnico-Eagle is a long established Canadian gold producer with operations
located in northwestern Quebec and exploration and development activities in
eastern Canada and the southwestern United States. Agnico-Eagle's LaRonde Mine
in Quebec is Canada's largest gold deposit. 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 23 consecutive years.
DATASOURCE: Agnico-Eagle Mines Limited
CONTACT: Barry Landen, V.P. Corporate Affairs, Agnico-Eagle Mines
Limited, (416) 947-1212