STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2013

STOCK-BASED COMPENSATION

Employee Stock option activity

	Six Months Ended June 30, 2013					Six Months Ended June 30, 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		3,251,000			36.98
Exercised		(213,500	)		37.06		(15,250	)		37.05
Forfeited		(181,750	)		60.68		(120,750	)		60.37
Expired		(1,340,885	)		54.86		(481,650	)		47.49
Outstanding, end of period		11,653,991		C$	56.02		11,592,401		C$	56.32
Exercisable, end of period		7,469,045		C$	59.36		7,209,989		C$	59.20

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

	Six Months Ended June 30,
	2013		2012
Risk-free interest rate		1.51%		1.25%
Expected life of employee stock options (in years)		2.7		2.8
Expected volatility of Agnico Eagle's share price		35.0%		37.5%
Expected dividend yield		1.79%		2.17%