Lapa (Zulapa And Tonawanda)

Lapa mine began production in April 2009. To date, three mining blocks, or stopes, have been extracted. The overall average mucked grade of these three stopes was 12.2 g/t compared with their expected reserve grade of 8.7 g/t.

Announced drill results.Highlights include:LA07-89-8:4.7m @ 9.64 g/t Au and hole LA07-89-10: 3.4m @ 12.24 g/t Au.

Agnico-Eagle announced that it arranged a US$250 million common share purchase. An underwriting syndicate, led by Merrill Lynch Canada Inc, agreed to purchase 8.46 million common shares at US$29.57 per share. Proceeds will be used to complete construction of the Lapa and Kittila mine projects. Funds will also be used for exploration, development, possible acquisitions and general corporate purposes.