Agnico Eagle's La India mine in Mexico is slated for production in the latter half of 2014.

The initial probable reserves at La India total approximately 44.6 million tonnes grading 0.65 grams per tonne ("g/t") of gold, containing 930,000 ounces. These amounts are based on drilling completed before the end of May, 2012. Infill and step-out exploration drilling will continue at La India in an effort to further delineate and expand the mineral resources and reserves.

"The acquisition and development of the La India project is consistent with Agnico-Eagle's strategy of delivering measured, low-risk, quality gold production growth in areas supportive of mining" said Sean Boyd, President and CEO. "We are pleased to be able to bring this high-return project on board in a relatively short period of time. This project should add meaningful operating cash flows and provide us with opportunities to create additional value as we explore our large land package surrounding the deposits" added Mr. Boyd.