XML 136 R58.htm IDEA: XBRL DOCUMENT v2.4.0.6
ACQUISITIONS (Details) (USD $)
0 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 3 Months Ended 12 Months Ended
Jul. 26, 2010
Dec. 31, 2010
Nov. 18, 2011
Grayd
Jan. 23, 2011
Grayd
Dec. 31, 2011
Grayd
Dec. 31, 2010
Grayd
Dec. 20, 2011
Summit Gold Project
Jul. 06, 2010
Meliadine Mine Project
Sep. 30, 2010
Meliadine Mine Project
Dec. 31, 2010
Meliadine Mine Project
Dec. 31, 2009
Meliadine Mine Project
Apr. 01, 2010
Meliadine Mine Project
Business acquisition details                        
Percentage of outstanding shares acquired     94.77%       100.00%          
Percentage of net smelter return the Company has to pay in royalties             2.00%          
Shares issued for acquisition of mining property 15,000   1,250,477 68,941       10,210,848        
Number of Agnico-Eagle common shares Comaplex shareholders received for each Comaplex share held                       0.1576
Number of Geomark shares Comaplex shareholders other than Agnico-Eagle and Performa received for each Comaplex share held                       1
Percentage of outstanding shares (fully diluted) of Comaplex held by Perfora prior to the acquisition                       17.30%
Percentage of outstanding shares (fully diluted) of Comaplex held by Agnico-Eagle prior to the acquisition                       12.30%
Transaction costs associated with the acquisition     $ 3,800,000         $ 7,000,000        
Total purchase price:                        
Comaplex shares previously purchased               88,683,000        
Maximum cash payable to total consideration     165,954,000 9,300,000     8,500,000          
Newly issued Agnico-Eagle shares value     56,146,000         578,955,000        
Total purchase price to allocate     222,100,000 11,800,000       667,638,000        
Fair value of assets acquired:                        
Property     282,000,000         642,610,000        
Goodwill     29,215,000         200,064,000        
Cash and cash equivalents     2,907,000                  
Trade receivables     469,000                  
Other current assets     1,700,000                  
Supplies               542,000        
Equipment     56,000         2,381,000        
Accounts payable and accrued liabilities     (9,767,000)                  
Asset retirement obligation               (3,400,000)        
Deferred tax liability     (72,229,000)         (174,559,000)        
Non-controlling interest     (12,251,000)                  
Net assets acquired     222,100,000         667,638,000        
Cost base of Comaplex shares previously purchased               24,100,000        
Non-cash gain on acquisition of Comaplex   64,508,000             64,500,000      
Pro forma results of operations                        
Pro forma net income (loss) attributed to common shareholders         $ (582,762,000) $ 324,708,000       $ 331,516,000 $ 85,371,000  
Pro forma net income (loss) per share-basic (in dollars per share)         $ (3.42) $ 1.98       $ 2.04 $ 0.55