STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2013

STOCK-BASED COMPENSATION

Employee Stock option activity

	Three Months Ended March 31, 2013					Three Months Ended March 31, 2012
	Number of Employee Stock Options			Weighted Average Exercise Price		Number of Employee Stock Options		Weighted Average Exercise Price
Outstanding, beginning of period		10,587,126			C$56.60		8,959,051		C$62.88
Granted		2,803,000			52.13		3,228,000		36.96
Exercised		(212,500	)		37.06		—		—
Forfeited		(156,500	)		61.88		90,000		60.30
Expired		(1,294,635	)		54.44		449,150		48.09
Outstanding, end of period		11,726,491			C$56.05		11,647,901		C$56.29
Exercisable, end of period		7,505,295			C$59.41		7,246,739		C$59.09

Schedule of weighted average assumptions under the Black-Scholes option pricing model

	Three Months Ended March 31,
	2013		2012
Risk-free interest rate		1.49%		1.23%
Expected life of employee stock options (in years)		2.7		2.7
Expected volatility of Agnico Eagle's share price		35.0%		37.5%
Expected dividend yield		1.73%		2.17%