Agnico Eagle

Gold Explorer in the North

Oulu Mining

Summit

September

2017

AGNICO EAGLE | BARSELE GOLD PROJECT 2

Forward Looking Statements

The information in this presentation has been prepared as at August 28, 2017. Certain statements contained in this presentation constitute “forward-looking

statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under the provisions of

Canadian provincial securities laws and are referred to herein as “forward-looking statements”. When used in this presentation, the words “anticipate”, “could”,

“estimate”, “expect”, “forecast”, “future”, “plan”, “potential”, “will” and similar expressions are intended to identify forward-looking statements. Such statements

include, without limitation: statements concerning projected exploration expenditures, including costs and other estimates upon which such projections are based;

statements regarding timing and amounts of capital expenditures and other assumptions; estimates of future mineral reserves, mineral resources; estimates of

future capital expenditures and other cash needs, and expectations as to the funding thereof; statements as to the projected development of certain ore deposits,

including estimates of exploration, development and production and other capital costs and estimates of the timing of such exploration, development and production

or decisions with respect to such exploration, development and production; estimates of mineral reserves and mineral resources; statements regarding the ability to

obtain the necessary permits and authorizations in connection with exploration, development and mining operations and the anticipated timing thereof; statements

regarding anticipated future exploration. Such statements reflect the Company’s views as at the date of this presentation and are subject to certain risks,

uncertainties and assumptions, and undue reliance should not be placed on such statements. Forward-looking statements are necessarily based upon a number of

factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business,

economic and competitive uncertainties and contingencies. The material factors and assumptions used in the preparation of the forward looking statements

contained herein, which may prove to be incorrect, include, but are not limited to, the assumptions set forth herein and in management's discussion and analysis

(“MD&A”) and the Company's Annual Information Form (“AIF”) for the year ended December 31, 2016 filed with Canadian securities regulators and that are included

in its Annual Report on Form 40-F for the year ended December 31, 2016 (“Form 40-F”) filed with the U.S. Securities and Exchange Commission (the "SEC") as

well as: that there are no significant disruptions affecting operations; that production, permitting, development and expansion at each of Agnico Eagle's properties

proceeds on a basis consistent with current expectations and plans; that the relevant metal prices, foreign exchange rates and prices for key mining and

construction supplies will be consistent with Agnico Eagle's expectations; that Agnico Eagle's current estimates of mineral reserves, mineral resources, mineral

grades and metal recovery are accurate; that there are no material delays in the timing for completion of ongoing growth projects; that the Company's current plans

to optimize production are successful; and that there are no material variations in the current tax and regulatory environment. Many factors, known and unknown,

could cause the actual results to be materially different from those expressed or implied by such forward looking statements. Such risks include, but are not limited

to: the volatility of prices of gold and other metals; uncertainty of mineral reserves, mineral resources, mineral grades and mineral recovery estimates; uncertainty of

future production, project development, capital expenditures and other costs; foreign exchange rate fluctuations; financing of additional capital requirements; cost of

exploration and development programs; mining risks; community protests; risks associated with foreign operations; governmental and environmental regulation; the

volatility of the Company’s stock price; and risks associated with the Company’s currency, fuel and by-product metal derivative strategies. For a more detailed

discussion of such risks and other factors that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements contained in

this presentation, see the AIF and MD&A filed on SEDAR at www.sedar.com and included in the Form 40-F filed on EDGAR at www.sec.gov, as well as the

Company’s other filings with the Canadian securities regulators and the SEC. Other than as required by law, the Company does not intend, and does not assume

any obligation, to update these forward-looking statements.

Currency

All amounts in this presentation are expressed in U.S. dollars except as otherwise noted.

AGNICO EAGLE | BARSELE GOLD PROJECT 3

AGNICO EAGLE

MINES LIMITED

North American Mining Company

with 8 mines in 3 countries

1957 Cobalt Consolidated Mining Company is reorganized and renamed to Agnico Mines Limited. Trading

started on TSE.

1972 Agnico Mines Limited merges with Eagle Gold Mines Limited to form todays Agnico Eagle Mines Limited

1989 Agnico Eagle acquires the 100% of Dumagami project = LaRonde Mine

1993 Agnico Eagle acquires Goldex Mines, owner of the largest undeveloped gold deposit i Quebec

1994 Agnico Eagle begins trading on the New York Stock Exchange, symbol AEM

2005-2006, Agnico Eagle acquires Riddarhyttan Resources AB, owner of Suurikuusikko gold deposit in Finland

and Pinos Altos in Mexico

2008 Gold production begins at Goldex mine in Val-d’Or, Quebec

2009 Gold production begins at, Kittilä-, Lapa-, Pinos Altos mines

2010 Gold production begins at, Medowbanks mine in Nunavut and Creston Mascota Mexico

2012 Agnico Eagle approves the development and construction of the La India mine in Mexico

2014 Agnico Eagle acquired the Akasaba West gold-copper deposit and the Malartic mine (50% partnership with Yamana Gold)

2014 Agnico Eagle acquires Cayden Resources Inc for the advanced stage El Barqueño gold project, Mexico

2016 In February, Kittilä Mine celebrates pouring its one million ounce of gold since start up in 2009.

In April, LaRhonde Mine celebrates pouring its 5 millionth ounce of gold since start up in 1988

2017 In February the Board of Directors approved the development of the Amaruq deposit and the construction of Meliadine project, Nunavut

Agnico Eagle Mines LimitedMilestones

Agnico Eagle Mines LimitedKey facts

• We produced 1.66 million ounces of gold in 2016 and 4.8 million ounces of silver

• Strong track record of growing gold reserves and resources through exploration

• Gold reserves stand at 19.9 million ounces gold, 54 million ounces silver, 153,000t of

zinc and 77,000 t of coper in reserves as of December 31, 2016.

Agnico Eagle Mines LimitedFinancial Results

Agnico Eagle Mines LimitedStrong Financial Liquidity Support Next Phase of Growth

• As at June 30, 2017, the Company

had strong liquidity with $952 milion

in cash and cash equivalents and

$2.2 billion in undrawn credit lines

• Low share count of 234 million fully

diluted after 60 years of operating

history

Agnico Eagle Mines LimitedSecond quarter highlight

• Operations continue to deliver strong performance – Payable gold production in Q2 2017 was 427,743 ounces at total cash costs per ounce of $556 and all-in sustaining costs per ounce (“AISC”) of $785

• Full year production guidance increased and unit cost forecasts reduced – The 2017 production is expected to be 1.62 million ounces. Total cash costs per ounce are now expected to be $580 to $610 and AISC are expected to be $830 to $880 per ounce.

• Amaruq exploration program continues to yield positive results – At Amaruq, infill drilling has been completed on the Whale Tail and V Zone deposits, and other target areas are now being explored. Significant results include: 6.9 g/t over 6 metres on the western extension of the planned Whale Tail pit and 20.4 g/t gold over 10.4 metres at the V Zone at 225 metres depth, beneath the planned pit outline

• Infill and exploration drilling expected to result in mineral resource additions and conversions at multiple properties – Significant results include:

7.1 g/t gold over 33.5 metres at the Rimpi deposit at Kittila, Finland

23.7 g/t gold over 10.9 metres at LaRonde 3, Val d’Or Canada

1.6 g/t gold over 18.2 metres near surface at the Bravo deposit at Creston Mascota

Agnico Eagle Mines LimitedOperations

Agnico Eagle Mines LimitedCanadian Malartic

• Canadian Malartic is a large-tonnage,

low grade Archean gold system,

consisting of a widespread shell of

disseminated gold-bearing pyrite

mineralization hosted by porphyritic

felsic to intermediate intrusions and

altered meta-sediments

• A 55,000-tonnes/day open-pit mine.

Proven and probable reserves total 3.55

million ounces of gold (102 million

tonnes at 1.08 grams/tonne gold)

Agnico Eagle Mines LimitedGoldex

• Goldex is a large, relatively low-grade body defined

by the intensity of stockwork veins and gold grades

rather than by individual veins. Most of the gold

occurs as microscopic particles associated with

pyrite, while the rest of coarse native gold grains.

• Commercial production of the Goldex M and E

Zones was achieved in October 2013. The

operation uses largely the same underground

infrastructure as the original 2008 mine, but

different underground mining methods and reducing

the mining rate.

Agnico Eagle Mines LimitedKittilä

• The Suurikuusikko Trend (4.5km) hosts the

six main zones of the known gold reserves

and resources. Kittila ore is refractory,

making gold extraction relatively difficult

because the gold is generally locked inside

the two main sulphide minerals –

arsenopyrite and arsenic-rich pyrite.

• Underground mining operations began at

Kittila in early 2010 at the Suuri and Roura

deposits. The underground method is open

stoping followed by delayed backfill.

Approximately 13.5 km of tunnels are

developed each year to ensure sufficient

ore production is available to keep the mill

supplied. After extraction, stopes are filled

with cemented backfill or paste backfill

Agnico Eagle Mines LimitedLapa

• Gold mineralization is located in zones of

deformation within the volcanic rocks. Gold

is known to occur in three styles: as quartz

veins, as tabular zones or as biotite-altered

zones. The Contact Zone is the major

economic lens of mineralization that has

been traced for up to 600 metres,

horizontally, and over 1,000 metres,

vertically. The zone is currently open at

depth in all directions

• Lapa hosts an underground mining

operation accessed by a 1,369-metre-deep

shaft. Two mining methods are used –

longitudinal retreat with cemented backfill,

and locally transverse open stoping with

cemented backfill. The dilution rate for

mining the reserves averages 71%. The

production rate averages 1,700 tonnes/day.

Agnico Eagle Mines LimitedLaRonde

• Gold-copper and zinc-silver mineralization

occurs in the form of massive and

disseminated sulphide lenses. The presence of

silver and base metals adds considerably to

the value of LaRonde’s gold ore, reducing the

total cash cost to produce each ounce of gold.

Five different mineralized horizons are known

to exist adjacent to the Penna Shaft.

• Access to LaRonde’s underground mining

operation is through the 2.2-km-deep Penna

Shaft, the deepest single-lift shaft in the

Western Hemisphere. The LaRonde mine

extension allows access to even deeper ore at

the lower part of the orebody. Two mining

methods are used at LaRonde – longitudinal

retreat with cemented rock or paste backfill,

and transverse open stoping with cemented

rock backfill, paste or unconsolidated backfill.

Agnico Eagle Mines LimitedMedowbank

• Gold deposits are found along two main

structural features that cross the property – the

Meadowbank Trend and the Pipedream Lake

(Northeast) Trend. Gold mineralization is

commonly associated with intense quartz

flooding, and the presence of sulphide minerals

(pyrite and/or pyrrhotite).

• Meadowbank has conducted surface mining

from a series of three pits all within 7 km of the

processing plant. The 11,000-tonne/day gold

processing plant uses conventional technology

adjusted to the Arctic climate. Any “free gold” is

removed by a gravity circuit. The remainder is

leached using cyanide, with the gold captured

using carbon-in-pulp technology and

electrowinning cells. Gold-plated cathodes and

gravity concentrate are smelted in an induction

furnace and poured as doré bars.

Agnico Eagle Mines LimitedOperations

Agnico Eagle Mines LimitedPinos Altos

• More than 55% of the current Pinos Altos

mineral reserve is located in the steeply

dipping Santo Niño vein zone, which is up to 40

metres thick and 2.5 km long.

• Pinos Altos is a series of open pits and an

underground mine. Mining is by conventional

open pit methods, using shovels and trucks to

remove about 5 million tonnes of ore and

waste in 2016, and about 2 million tonnes of

ore and waste per year in future years. The

underground mining method is sub-level

stoping (paste backfill) to extract ore from the

Santo Niño and Cerro Colorado deposits.

• Creston Mascota is an open-pit, heap-leach

facility. It mines an average of 5,500 tonnes of

ore/day and employs the same surface mining

method as Pinos Altos

Agnico Eagle Mines LimitedLa India

• La India lies in a large area of intrusion-related

alteration dominated by high-sulphidation

epithermal-style gold mineralization. The gold

mineralization is confined to zones of argillitic

alteration originally containing sulphides and

subsequently oxidized.

• The La India mine is a collection of deposits

grouped into three open pits that are being

mined over an estimated six-year life, providing

ore for a heap leach pad. The mining rate is

expected to be approximately 16,000

tonnes/day with a stripping ratio of

approximately 1:1.

Agnico Eagle

FinlandSeptember 2017

Agnico Eagle Mines LimitedFinancial Results

Agnico Eagle Mines LimitedKittilä Mine History

Agnico Eagle Mines LimitedKittilä Mine Geology

• Alteration: Carb, alb, chlor

• Shearing + brecciation

• Several ore zones

• Pinch and swell

• Submicroscopic refractory gold

• 75 % in arsenopyrite

• 21 % in pyrite

• 4 % free gold

Agnico Eagle Mines LimitedKittilä Mine Reserves and Resources

Au (g/t) Tonnage (000’s t) Au(000’s oz)

Proven / probable reserves 4.64 30,055 4,479

Indicated resources 2.92 20,721 1,946

Inferred resources 4.05 11,059 1,442

As December 31, 2016

Agnico Eagle Mines LimitedKittilä Mine Underground mine and open pits

7/2017

Agnico Eagle Mines LimitedKittilä Mine Drilling

• 895 000m drilled within mining concession (1987 – 2016)

• 741 000m drilled by Agnico Eagle (2006 – 2016)

• 223 000m production drilling (2007 – 2016)

• 518 000n Exploration drilling

Agnico Eagle Mines LimitedKittilä Mine Personnel

AEF Contactors Total

Geology 30 10 40

Mine Department 252 227 479

Mill 80 26 106

Maintenance 62 46 108

Administration 77 64 141

Projects 0 0 0

Exploration 17 13 30

AEF management 3 0 3

Total 521 386 907

AEF

Management 15

Senior staff 83

Staff 98

Workers 386

As per July 31, 2017

Agnico Eagle Mines LimitedMain businesses in Kittilä

Tourism• Tourism provides ca. 1100 jobs = 42 % of Kittilä’s total workforce.• During the high season 2000 jobs in total

Kittilä mine• Kittilä mine provides ca. 900 jobs in total.• More than 50 % of employees are from Kittilä.• More than 90 % of employees are from Lapland.

The unemployment rate of Kittilä is 11 – 12 % on average; during the high season it is under 10 %.

Agnico Eagle Mines LimitedEconomic impact on the region

• In 2016, income tax paid by the Kittilä mine’s employees amounted to ca. 8.6 million euros. Of this sum, the share of the municipal tax was approximately 6.1 million euros. Of this, the Kittilä municipality receives approximately 3 million euros.

• Income tax to the state paid by the Kittilä mine’s employees amounts to ca. 2.5 million euros a year.

• Annual real estate tax paid by the mine amounts to ca. 340,000 euros a year.

• Annual royalty payment to the state amounts to ca. 3.2 – 3.6 million euros a year.

• Annual corporate tax to the state amounted to ca. 18 million euros in 2012 – 2013. In 2014 and 2015, the corporate tax was not paid. In 2016, the corporate tax amounted to ca. 1.5 million euros.

• Kittilä mine’s revenue was 229 million euros in 2016.

(For comparison: Tourism’s revenue is ca. 200 million euros a year.)

Agnico Eagle Mines LimitedKittilä population

Agnico Eagle

SwedenSeptember 2017

AGNICO EAGLE | BARSELE GOLD PROJECT 31

Barsele Project – General LocationLocated at the intersection of the Skellefte-belt and the Gold Line metallogenic trends in Sweden

Located approximately 600 km due north of Stockholm & 40 km southeast of Storuman, a small town situated in

Västerbottens Län, which is a regional district of Northern Sweden.

Agnico Eagle has a 55% interest

with an option for an additional

15% interest through the

completion of a pre-feasibility

study.

AGNICO EAGLE | BARSELE GOLD PROJECT 32

Barsele Project

Good infrastructure

AGNICO EAGLE | BARSELE GOLD PROJECT 33

Barsele Project – General Location

Property status

31 350 ha• 20 claims

• 2 exploitation concessions

AGNICO EAGLE | BARSELE GOLD PROJECT 34

Barsele Project – General Location

Exploration work 2015 -

• Data compilation work and target generation

• Regional field mapping and sampling

• Trenching

• Detailed structural mapping

• Surface till sampling

• Base of till / Rock chip sampling

• 156 drill holes totaling (70 373m) during period October 2015 – July 2017

• Ground geophysical survey to examine potential at depth

• Environmental, metallurgical and geotechnical studies

AGNICO EAGLE | BARSELE GOLD PROJECT 35

Barsele Project – Geological Setting

• Project area covers a sequence of Proterozoic aged metasedimentary and metavolcanic rocks that

have been intruded by three main phases of granitoid rocks

• Early granitoids (tonalites and granodiorite) are the most important from a mineralization perspective

Potential for Additional Mineralization Along a 7 Kilometre Strike Length

AGNICO EAGLE | BARSELE GOLD PROJECT 36

Barsele Project – Composite Schematic Longitudinal Section

Initial total inferred mineral resources of 21.7Mt grading 1.72g/t

totaling 1.2 million oz.

Detailed information on mineral reserves and mineral resources can be found in Agnico’s February 15, 2017 news release

AGNICO EAGLE | BARSELE GOLD PROJECT 37

Notes to Investors Regarding

The use of Mineral ResourcesCautionary Note to Investors Concerning Estimates of Inferred Mineral Resources

This presentation uses the term “inferred mineral resources”. Investors are advised that while this term is recognized and required by Canadian regulations, the SEC does not

recognize it. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be

assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form

the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that any part or all of an inferred mineral resource exists, or is

economically or legally mineable.

Scientific and Technical Data

Cautionary Note To U.S. Investors - The SEC permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically

and legally extract or produce. Agnico Eagle reports mineral reserve and mineral resource estimates in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum

Best Practice Guidelines for Exploration and Best Practice Guidelines for Estimation of Mineral Resources and Mineral Reserves in accordance with the Canadian securities regulatory

authorities' (the "CSA") National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). These standards are similar to those used by the SEC’s Industry Guide

No. 7, as interpreted by Staff at the SEC ("Guide 7"). However, the definitions in NI 43-101 differ in certain respects from those under Guide 7. Accordingly, mineral reserve

information contained herein may not be comparable to similar information disclosed by U.S. companies. Under the requirements of the SEC, mineralization may not be classified as a

"reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. A

"final" or "bankable" feasibility study is required to meet the requirements to designate mineral reserves under Industry Guide 7. Agnico Eagle uses certain terms in this presentation,

such as "measured", "indicated", "inferred" and "resources" that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC.

In prior periods, mineral reserves for all properties were typically estimated using historic three-year average metals prices and foreign exchange rates in accordance with the SEC

guidelines. These guidelines require the use of prices that reflect current economic conditions at the time of mineral reserve determination, which the Staff of the SEC has interpreted

to mean historic three-year average prices. Given the current commodity price environment, Agnico Eagle has decided to use price assumptions that are below the three-year

averages. The assumptions used for the December 2016 mineral reserves estimate reported by the Company for the Barsele Project were $1,150 per ounce gold, $16.50 per ounce

silver, $0.95 per pound zinc, $2.15 per pound copper and foreign exchange rates of C$1.20 per $1.00 and $1.15 per €1.00. The mineral resources at all properties are estimated using

75% of the cut-off grades used to estimate the mineral reserves.

NI 43-101 requires mining companies to disclose mineral reserves and mineral resources using the subcategories of "proven mineral reserves”, "probable mineral reserves”, "measured

mineral resources”, "indicated mineral resources” and "inferred mineral resources”. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

An inferred mineral resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling.

Geological evidence is sufficient to imply but not verify geological and grade or quality continuity. Investors are cautioned not to assume that part or all of an inferred mineral

resource exists, or is economically or legally mineable.

A feasibility study is a comprehensive technical and economic study of the selected development option for a mineral project that includes appropriately detailed assessments of

applicable modifying factors together with any other relevant operational factors and detailed financial analysis that are necessary to demonstrate, at the time of reporting, that

extraction is reasonably justified (economically mineable). The results of the study may reasonably serve as the basis for a final decision by a proponent or financial institution to

proceed with, or finance, the development of the project. The confidence level of the study will be higher than that of a Pre-Feasibility Study.

The effective date for all of the Company's mineral resource and mineral reserve estimates in this presentation is December 31, 2016. Other important operating information can be

found in the Company's AIF and Form 40-F.

The scientific and technical information relating to Agnico Eagle’s mineral reserves and mineral resources contained herein has been approved by Daniel Doucet, Eng., Senior

Corporate Director, Reserve Development. Mr. Doucet is a "Qualified Person" for the purposes of NI 43-101.

Trading Symbol:

AEM on TSX & NYSE

Investor Relations:

416-947-1212

info@agnicoeagle.com

agnicoeagle.com