SEGMENTED INFORMATION

6 Months Ended

Jun. 30, 2012

SEGMENTED INFORMATION

SEGMENTED INFORMATION

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 that represent more than 10% of the combined revenue, profit or loss or total assets of all 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, Meliadine project and the Regional Office
Europe:	Kittila mine
Latin America:	Pinos Altos mine, Creston Mascota deposit at Pinos Altos and the La India project
Exploration:	USA Exploration office, Europe Exploration office, Canada Exploration offices, 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. Of the $229.3 million of goodwill reflected on the interim consolidated balance sheets at June 30, 2012, $200.1 million relates to the Meliadine project that is a component of the Canada segment and $29.2 million relates to the La India project that is a component of the Latin America segment.

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

  The Creston Mascota deposit at Pinos Altos achieved commercial production on March 1, 2011. The LaRonde mine extension achieved commercial production on December 1, 2011.

Three Months Ended June 30, 2012	Revenues from Mining Operations		Production Costs		Amortization of Property, Plant and Mine Development		Exploration and Corporate Development		Foreign Currency Translation Loss (Gain)			Segment Income (Loss)
Canada	$	283,851	$	155,572	$	48,799	$	12,250	$	(6,946	)	$	74,176
Europe		55,004		23,515		7,056		—		152			24,281
Latin America		120,706		40,819		10,455		—		(3,953	)		73,385
Exploration		—		—		—		22,036		(262	)		(21,774	)
	$	459,561	$	219,906	$	66,310	$	34,286	$	(11,009	)	$	150,068
Segment income												$	150,068
Corporate and Other:
Interest and sundry expense													(23	)
Impairment loss on available-for-sale securities													(11,581	)
Loss on sale of available-for-sale securities													(6,731	)
Loss on derivative financial instruments													(4,321	)
General and administrative													(32,015	)
Provincial capital tax													(4,001	)
Interest expense													(14,220	)
Income before income and mining taxes												$	77,176

Three Months Ended June 30, 2011	Revenues from Mining Operations		Production Costs		Amortization of Property, Plant and Mine Development		Exploration and 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:
Interest and sundry expense													(224	)
Gain on sale of available-for-sale securities													420
Gain on derivative financial instruments													981
General and administrative													(24,122	)
Interest expense													(13,989	)
Income before income and mining taxes												$	104,766

Six Months Ended June 30, 2012	Revenues from Mining Operations		Production Costs		Amortization of Property, Plant and Mine Development		Exploration and Corporate Development		Foreign Currency Translation Loss (Gain)			Segment Income (Loss)
Canada	$	577,410	$	309,416	$	95,904	$	23,963	$	1,667		$	146,460
Europe		130,083		49,545		14,451		—		1,216			64,871
Latin America		225,002		75,980		20,508		—		1,791			126,723
Exploration		—		—		—		33,431		(166	)		(33,265	)
	$	932,495	$	434,941	$	130,863	$	57,394	$	4,508		$	304,789
Segment income												$	304,789
Corporate and Other:
Interest and sundry income													246
Impairment loss on available-for-sale securities													(11,581	)
Loss on sale of available-for-sale securities													(6,731	)
Loss on derivative financial instruments													(3,426	)
General and administrative													(65,943	)
Provincial capital tax													(4,001	)
Interest expense													(28,667	)
Income before income and mining taxes												$	184,686

Six Months Ended June 30, 2011	Revenues from Mining Operations		Production Costs		Amortization of Property, Plant and Mine Development		Exploration and 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:
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												(59,274	)
Interest expense												(27,997	)
Income before income and mining taxes											$	182,128

	Total Assets as at
	June 30, 2012		December 31, 2011
Canada	$	3,224,312	$	3,205,158
Europe		813,156		771,714
Latin America		984,590		1,020,078
Exploration		45,492		37,312
	$	5,067,550	$	5,034,262