Washington, D.C. 20549

                            Report of Foreign Issuer

                      Pursuant to Rule 13a-16 or 15d-16 of

                       the Securities Exchange Act of 1934

For the Month of                       November 2002

Commission File Number

                           Agnico-Eagle Mines Limited
                 (Translation of registrant's name into English)

        145 King Street East, Suite 500, Toronto, Ontario, Canada M5C 2Y7

         [Indicate  by check  mark  whether  the  registrant  files or will file
annual reports under cover Form 20F or Form 40-F.]

         Form 20-F       X                            Form 40-F
                    -----------                                -----------

         [Indicate  by check mark  whether  the  registrant  by  furnishing  the
information contained in this Form is also thereby furnishing the information to
the Commission  pursuant to Rule 12g3- 2(b) under the Securities Exchange Act of

                  Yes                        No      X
                     -----------                -----------

         [If "Yes" is marked,  indicate  below the file  number  assigned to the
registrant in connection with Rule 12g3-2(b):82-         ]

Stock Symbols:        AEM (NYSE)              For further information:
                      AGE (TSE)               David Garofalo, VP Finance and CFO
                                              (416) 847-3708



         TORONTO,    November   14,   2002   -   Agnico-Eagle    Mines   Limited
("Agnico-Eagle")  today  announced  that it has closed its US$192 million public
offering  of  13,800,000  common  shares and  6,900,000  common  share  purchase
warrants in Canada and the United States,  including  common shares and warrants
issuable  under the  underwriters'  over-allotment  option.  Each whole  warrant
entitles  the holder to purchase one common share at a price of US$19 per common
share at any time during the five year term of the warrant.  The  warrants  will
trade in United  States  dollars on both the Toronto Stock  Exchange,  under the
symbol AGE.WT.U,  and on the Nasdaq National Market, under the symbol AEMLW. The
joint-lead  managers and  joint-bookrunners  of the underwriting  syndicate were
Merrill Lynch & Co. and TD Securities Inc. Co-managers were Scotia Capital Inc.,
Yorkton  Securities  Inc., CIBC World Markets Inc.,  Salomon Smith Barney Canada
Inc., Dundee Securities  Corporation and Sprott Securities Inc. The net proceeds
of the  offering  will be used to fund future  potential  acquisitions,  capital
expenditures and for other general corporate purposes.

         As previously  announced,  Agnico-Eagle has also filed a US$500 million
unallocated  shelf  prospectus in each of the provinces of Canada and the United
States and a prospectus  supplement relating to the offering of common shares on
the exercise of the warrants in the United States.

         Agnico-Eagle  is an established  Canadian gold producer with operations
located  principally in  northwestern  Quebec and  exploration  and  development
activities  in  Canada  and  the  southwestern  United  States.   Agnico-Eagle's
operating   history  includes  three  decades  of  continuous  gold  production,
primarily  from  underground  mining  operations.  Current  proven and  probable
reserves stand at 3.3 million contained  ounces,  with an additional 5.2 million
ounces in the mineral resource category at LaRonde.

         This  press  release  contains  certain  "forward-looking   statements"
(within the meaning of the United States Private  Securities  Litigation  Reform
Act of 1995) that involve a number of risks and  uncertainties.  There can be no
assurance  that such  statements  will prove to be accurate;  actual results and
future events could differ materially from those anticipated in such statements.
Risks and  uncertainties  are disclosed  under the heading "Risk Factors" in the
Company's  Annual   Information  Form  (AIF)  filed  with  Canadian   securities
regulators  (including the Ontario and Quebec  Securities  Commissions) and with
the United States Securities and Exchange Commission (on Form 20-F).

         This  press  release  shall  not  constitute  an  offer  to sell or the
solicitation of an offer to buy nor shall there be any sale of these  securities
in any state in which such offer,  solicitation  or sale would be unlawful prior
to the  registration  or  qualification  under the  securities  laws of any such


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

                                      AGNICO-EAGLE MINES LIMITED

Date:  November 14, 2002               By: /s/ David Garofalo
                                          David Garofalo
                                          Vice President, Finance and Chief
                                          Financial Officer