STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2013

STOCK-BASED COMPENSATION

Stock option activity

	2013				2012				2011
	Number of Stock Options		Weighted Average Exercise Price		Number of Stock Options		Weighted Average Exercise Price		Number of Stock Options		Weighted Average Exercise Price
Outstanding, beginning of year	10,587,126		C$	56.60	8,959,051		C$	62.88	6,762,704		C$	56.94
Granted	2,803,000			52.13	3,257,000			36.99	2,630,785			76.12
Exercised	(213,500	)		37.06	(416,275	)		43.51	(308,688	)		43.62
Forfeited	(540,206	)		58.15	(731,000	)		59.72	(125,750	)		67.47
Expired	(1,352,885	)		54.67	(481,650	)		47.49	–			–
Outstanding, end of year	11,283,535		C$	56.02	10,587,126		C$	56.60	8,959,051		C$	62.88
Options exercisable at end of year	7,248,295				6,510,464				5,178,172

Activity of nonvested stock options

	2013
	Number of Stock Options		Weighted Average Grant Date Fair Value
Non-vested, beginning of year	4,076,662		C$13.33
Granted	2,803,000		11.21
Vested	(2,661,216	)	12.84
Forfeited (non-vested)	(183,206	)	11.38
Non-vested, end of year	4,035,240		C$11.44

Options outstanding and exercisable by exercise price ranges

• • The following table summarizes information about Agnico Eagle's stock options outstanding and exercisable at December 31, 2013:

					Weighted Average Exercise Price
		Weighted Average Remaining Contractual Life	Weighted Average Exercise Price	Number Exercisable
	Number Outstanding
				Stock Options Exercisable
Range of Exercise Prices	Stock Options Outstanding
C$33.39 – C$59.71	7,341,556	2.81 years	C$48.28	3,851,056	C$50.50
C$60.72 – C$83.08	3,941,979	1.14 years	70.43	3,397,239	69.46
C$33.39 – C$83.08	11,283,535	2.23 years	C$56.02	7,248,295	C$59.39

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

	2013	2012	2011
Risk-free interest rate	1.50%	1.26%	1.95%
Expected life of stock options (in years)	2.6	2.8	2.5
Expected volatility of Agnico Eagle's share price	35.0%	37.5%	34.70%
Expected dividend yield	1.82%	2.14%	0.89%