SEGMENTED INFORMATION

6 Months Ended

Jun. 30, 2011

11. SEGMENTED INFORMATION

Agnico-Eagle operates in a single industry, namely exploration for and production of gold. The Company's primary operations are in Canada, Mexico and Finland. The Company identifies its reportable segments as those operations whose operating results are reviewed by the Chief Executive Officer and Chief Operating Officer, and that represent more than 10% of the combined revenue, profit or loss or total assets of all reported operating segments. The following are the reporting segments of the Company and reflect how the Company manages its business and how it classifies its operations for planning and measuring performance:


	Canada:		LaRonde Mine, Lapa Mine, Goldex Mine, Meadowbank Mine, and the Regional Office
	Europe:		Kittila Mine
	Latin America:		Pinos Altos Mine and the Creston Mascota deposit at Pinos Altos
	Exploration:		USA Exploration office, Europe Exploration office, Canada Exploration office, Meliadine Mine Project and the Latin America Exploration office

The accounting policies of the reporting segments are the same as those described in the summary of significant accounting policies. There are no transactions between the reported segments affecting revenue. Production costs for the reported segments are net of intercompany transactions. The goodwill of $200.1 million on the Consolidated Balance Sheets relates to the Meliadine Mine Project that is a component of the Exploration segment.

Corporate Head Office assets are included in the Canada category and specific corporate income and expense items are noted separately below.

The Meadowbank Mine achieved commercial on production March 1, 2010. The Creston Mascota deposit at Pinos Altos achieved commercial production on March 1, 2011.

Three Months Ended June 30, 2011	Revenues from Mining Operations		Production Costs		Amortization		Exploration & Corporate Development		Foreign Currency Translation Loss (Gain)			Segment Income (Loss)

Canada	$	298,143	$	148,231	$	45,870	$	—	$	1,383		$	102,659
Europe		44,895		26,192		5,509		—		(76	)		13,270
Latin America		90,653		38,331		7,856		—		772			43,694
Exploration		—		—		—		17,289		634			(17,923	)

	$	433,691	$	212,754	$	59,235	$	17,289	$	2,713		$	141,700

Segment income												$	141,700
Corporate and Other Income (Loss)
Interest and sundry income (loss)													(224	)
Gain on sale of available-for-sale securities													420
Gain on derivative financial instruments													981
General and administrative expenses													(24,122	)
Provincial capital tax													—
Interest expense													(13,989	)

Income before income, mining and federal capital taxes												$	104,766

Three Months Ended June 30, 2010	Revenues from Mining Operations		Production Costs		Amortization		Exploration & Corporate Development		Foreign Currency Translation Loss (Gain)			Segment Income (Loss)

Canada	$	271,568	$	130,228	$	33,088	$	—	$	(13,836	)	$	122,088
Europe		34,725		17,937		6,176		—		(4,025	)		14,637
Latin America		41,163		18,408		4,739		—		434			17,582
Exploration		—		—		—		12,955		—			(12,955	)

	$	347,456	$	166,573	$	44,003	$	12,955	$	(17,427	)	$	141,352

Segment income												$	141,352
Corporate and Other Income (Loss)
Interest and sundry income													93
Gain on sale of available-for-sale securities													—
Gain on derivative financial instruments													6,395
General and administrative expenses													(23,240	)
Provincial capital tax													(742	)
Interest expense													(15,309	)

Income before income, mining and federal capital taxes												$	108,549

Six Months Ended June 30, 2011	Revenues from Mining Operations		Production Costs		Amortization		Exploration & Corporate Development		Foreign Currency Translation Loss		Segment Income (Loss)

Canada	$	575,714	$	287,391	$	92,971	$	—	$	11,688	$	183,664
Europe		101,226		54,692		12,777		—		3,787		29,970
Latin America		168,819		69,238		15,416		—		669		83,496
Exploration		—		—		—		34,267		634		(34,901	)

	$	845,759	$	411,321	$	121,164	$	34,267	$	16,778	$	262,229

Segment income											$	262,229
Corporate and Other Income (Loss)
Interest and sundry income												24
Gain on sale of available-for-sale securities												4,814
Gain on derivative financial instruments												2,332
General and administrative expenses												(59,274	)
Provincial capital tax												—
Interest expense												(27,997	)

Income before income, mining and federal capital taxes											$	182,128

Six Months Ended June 30, 2010	Revenues from Mining Operations		Production Costs		Amortization		Exploration & Corporate Development		Foreign Currency Translation Loss (Gain)			Segment Income (Loss)

Canada	$	448,183	$	211,588	$	53,449	$	—	$	(3,677	)	$	186,823
Europe		69,213		40,955		13,290		—		(4,687	)		19,655
Latin America		67,643		32,257		7,767		—		(162	)		27,781
Exploration		—		—		—		20,459		—			(20,459	)

	$	585,039	$	284,800	$	74,506	$	20,459	$	(8,526	)	$	213,800

Segment income												$	213,800
Corporate and Other Income (Loss)
Interest and sundry income													153
Gain on sale of available-for-sale securities													346
Gain on derivative financial instruments													7,162
General and administrative expenses													(51,670	)
Provincial capital tax													(155	)
Interest expense													(19,813	)

Income before income, mining and federal capital taxes												$	149,823