Agnico-Eagle strengthens Board and management
(All amounts expressed in U.S. dollars unless otherwise noted)
TORONTO, June 18, 2008 - Agnico-Eagle Mines Limited (TSX: AEM / NYSE: AEM) ("Agnico-Eagle" or the "Company") is pleased to announce the addition of Clifford J. Davis (B.Sc., Mining Engineering), J. Merfyn Roberts (B.Sc. Geology, M.Sc. Geochemistry, C.A.) and David A. Garofalo (B.Comm, C.A., ICD.D) to its Board of Directors. Mr. Davis is a mining industry veteran, currently Chairman of the Board of New Gold and formerly a member of the senior management of Gabriel Resources and TVX Gold and boards of TVX Gold, Rio Narcea and Tiberon. Mr. Roberts, based in London, England, has been a fund manager and investment advisor for over 20 years and has been closely associated with the mining industry. He sits on the boards of several resource companies, including European Minerals and Central China Goldfields. Mr. Garofalo has served as Chief Financial Officer of the Company for 10 years, serves as a director of Stornoway Diamond Corporation and was fo rmerly a member of the board of Tiberon.
"We welcome the addition of Clifford, Merfyn and David to the Board of Directors," said James D. Nasso, Chairman. "They bring a wealth of mining and financial expertise to an already very accomplished Board."
The Board of Directors is also pleased to announce several promotions among the Company's senior management. Daniel Racine has been promoted to Senior Vice President, Operations, Jean Robitaille to Senior Vice President, Technical Services and Paul Henri Girard to Vice President, Canada. Each of these officers has served the Company with distinction for over 20 years.
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 26 consecutive years.
For further information:
David Smith
VP, Investor Relations
(416) 947-1212
Renmark Financial Communications Inc.
John Boidman : jboidman@renmarkfinancial.com
Jen Power : jpower@renmarkfinancial.com
Media - Eva Jura : ejura@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com
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VanEck Vectors Global Alternative Energy ETF
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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 Mines is a gold producing company based in Canada. Agnico Eagle Mines 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 Mines is listed in Canada, in Germany and in United States of America. Its market capitalisation is 5.2 billions as of today (US$ 3.8 billions, € 3.5 billions). Its stock quote reached its lowest recent point on October 29, 1999 at 10.10, and its highest recent level on October 11, 2024 at 109.87. Agnico Eagle Mines has 47 442 200 shares outstanding. |