Key Highlights
•Solid operational performance - Payable gold production in the first quarter of 2018 was 389,278 ounces at production costs per ounce of $759, total cash costs per ounce of $648 and all-in sustaining costs per ounce of $889
•Production and cost guidance reiterated for 2018 - Full year production guidance is unchanged at 1.53 million ounces of gold at total cash costs per ounce of $625 to $675 and AISC of $890 to $940 per ounce
•Nunavut development projects progressing on schedule and on budget - Amaruq permitting is on track for approval in the second quarter of 2018 and the underground exploration ramp is proceeding as planned. Meliadine construction and development is progressing well and procurement activities for the 2018 barge season are now complete
•A quarterly dividend of $0.11 per share has been declared

Comment by Sean Boyd, Chief Executive Officer

"Our operations continued to deliver strong cash flow in the first quarter with unit production costs on the lower end of full year guidance and gold production tracking slightly above full year guidance. We remain focused on optimizing unit costs and increasing production as we transition through 2018 and begin to see the positive results of our growth phase in 2019", said Sean Boyd, Agnico Eagle's Chief Executive Officer. "During the first quarter, we continued to make very good progress at our Nunavut growth projects, with Amaruq permitting activities advancing as expected and development of the underground exploration ramp proceeding as planned. Construction activities and underground development remain on schedule and on budget at Meliadine", added Mr. Boyd.

Financial Results
Continued Strong Operational Performance
Q1 2018 Q1 2017
Gold (ounces in thousands) 389 418
Total cash costs ($ per ounce) $648 $539
Revenues from mining operations (millions) $578 $548
Net income (millions) $45 $76
Net income per share (basic) $0.19 $0.33
Cash provided by operating activities (millions) $208 $223

more infromation on
https://www.agnicoeagle.com/English/investor-relations/financial-information/quarterly-summary/default.aspx