Filed by Agnico-Eagle Mines Limited

Pursuant to Rule 165 and Rule 425 under

the United States Securities Act of 1933, as amended


Filing Company: Agnico-Eagle Mines Limied

Commission File No. 001-13422

Date: May 13, 2005




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Building from Strength


Riddarhyttan Presentation

May 2005





No Offer / Forward Looking Statement




Certain statements contained in this presentation constitute “forward-looking statements” including within the meaning of the United States Private Securities Litigation Reform Act of 1995. In this presentation, the words “anticipate”, “expect”, “estimate”, “forecast”, “plan” and similar words and expressions are intended to identify forward-looking statements.  Such statements reflect Agnico-Eagle’s views at this time with respect to future events and are subject to certain risks, uncertainties and assumptions.  Many factors could cause the actual results to be materially different from those expressed or implied by such forward-looking statements, including, among others, those discussed under the heading “Risk Factors” in Agnico-Eagle’s Annual Information Form and Annual Report on Form 20-F for the year ended December 31, 2004.  Agnico-Eagle does not intend, and does not assume any obligation, to update these forward-looking statements.


This presentation does not constitute an offer to purchase or sell or a solicitation of an offer to sell or purchase shares of Riddarhyttan or Agnico-Eagle.  The Offer will be made to any person in the United States or America, its possessions and other areas subject to its jurisdiction or to, or for the account or benefit of, a U.S. person (as defined in Regulation S under the United States Securities Act of 1933, as amended) solely under the registration statement, offer to purchase, prospectus and other offer documents that Agnico-Eagle expects to file with the United States Securities and Exchange Commission.  U.S. investors and security holders are advised to read these documents carefully when they become available, because they will include important information regarding the Offer.  At that time, investors and stockholders may obtain a free copy of the offer to purchase, prospectus, the related letter of transmittal and certain other offer documents from the Securities and Exchange Commission’s website at  Free copies of these documents can also be obtained by directing a request to Agnico-Eagle.  YOU SHOULD READ THE OFFER TO PURCHASE, PROSPECTUS AND OTHER OFFER DOCUMENTS CAREFULLY BEFORE MAKING A DECISION CONCERNING THE OFFER.



Acquisition of Riddarhyttan


Transaction Details


                  Agnico-Eagle currently owns approximately 14% of Riddarhyttan


                  Agnico-Eagle intends to acquire all outstanding shares of Riddarhyttan not already owned for U.S.$129.4 million


                  Agnico-Eagle to exchange 0.1137 of its common shares for each Riddarhyttan share (10.3 million common shares of Agnico-Eagle)


                  Premium of 27.3% to Riddarhyttan shareholders (based on May 11 closing prices)


                  No due diligence condition


                  Subject to Agnico-Eagle acquiring at least 90% of all shares


                  Unanimously supported by Riddarhyttan Board of Directors


                  Offer document to be mailed after regulatory review



About Riddarhyttan


                  Approximately 105.7 million Riddarhyttan shares outstanding

                  No options

                  No warrants


                  Listed on Stockholm Stock Exchange; May 11th close SEK8.05/share


                  Net cash of $US 5.9 million and no debt  (as at March 31, 2005)


                  Agnico-Eagle team began to look at Riddarhyttan approximately 3 years ago


                  Key project – Suurikuusikko Advanced Gold Exploration Project in Northern Finland





Riddarhyttan’s Suurikuusikko Project


                  Riddarhyttan owns 102 contiguous claims in the area


                  Claims cover 15 km strike length shear zone


                  Suurikuusikko strike length currently greater than 4 km




Source: GTK, Geological Survey of Finland



Suurikuusikko Project -Northern Finland


Growing Gold Resource


                  Gold bearing disseminated sulphide deposit


                  Open at depth and along strike


























Indicated Resource**
















Inferred Resource**









**  Refer to Appendix A.  Source: Riddarhyttan Resources AB





Why Riddarhyttan?


                  Agnico-Eagle’s strategy is to build a multi-mine gold company to strengthen and increase shareholder value


                  Riddarhyttan is a logical next step in Agnico-Eagle’s expansion process

                  Agnico-Eagle is familiar with Riddarhyttan, and has assisted in creating shareholder value

                  Agnico-Eagle has the expertise to add further significant value


                  Good fit with stated Agnico-Eagle company values


                  Low political risk

                  Potential to become a gold camp


                  Consistent with Agnico-Eagle’s template for growth

                  Foothold strategy worked well with LaRonde, Goldex

                  Similar strategy with Riddarhyttan



                  Meaningful diversification from LaRonde mining camp


                  Agnico-Eagle believes the challenges and opportunities of Suurikuusikko fit well with its technical and financial abilities


                  Suurikuusikko is similar in climate, topography and geography to Northern Quebec


                  Suurikuusikko project has operating and environmental permits


                  Excellent access and project infrastructure including skilled local workforce


                  Strong government support in Finland, both local and federal, for the Suurikuusikko project





Building from Strength


Leveraging our Expertise


                  LaRonde is operating very well at a steady state of 8,000 tpd.

                  Low cost production provides solid foundation for future growth

                  Cash flow from operating activities US$28.1 million in Q1 2005


                  Expected production growth from LaRonde mining camp

                  Goldex (production decision June 2005)

                  Lapa (Phase 1: $30million U/G program underway)


                  Strong Agnico-Eagle balance sheet

                  Cash position US$117 million at March 31, 2005

                  Substantially undrawn credit facility of US$100 million


                  Technical expertise – strong, established team in place

                  Able to drive internal growth projects/exploration

                  Critical to acquisition evaluation and success





Benefits to Riddarhyttan Shareholders


                  An immediate 27.3% premium to Riddarhyttan shareholders


                  Riddarhyttan shareholders will gain significantly enhanced liquidity

                  Agnico-Eagle listed on both the TSX (AGE) and NYSE (AEM)

                  Approximately US$11 million of shares traded daily


                  Riddarhyttan shareholders have the opportunity to participate in an excellent growth opportunity in the gold sector


                  Agnico-Eagle provides the financial capabilities and mining expertise to significantly increase value for all shareholders


                  Agnico-Eagle has paid dividends for 25 consecutive years



Agnico-Eagle Going Forward


                  Transaction provides additional gold ounces


                  Creates exceptional project pipeline, with team in place to develop

                  Goldex, Lapa, Suurikuusikko and LaRonde II


                  Meaningful exploration upside from large land position in two gold camps with active exploration programs


                  Strong balance sheet with LaRonde generating significant cash flow


                  Will remain unhedged


                  Uniquely positioned with value drivers in place – team, growth projects, balance sheet and proven ability to deliver





Appendix A




The terms “measured”, “indicated” and “inferred” mineral resources are terms recognized and required under the securities legislation of certain countries, United States investors are advised that the SEC does not recognize these terms.  “Inferred mineral resources” have a great amount of uncertainty as to their existence and as to their economic and legal feasibility.  It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category.  Estimates of inferred mineral resources may not form the basis of feasibility or other economic studies.  United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves.  United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable.





Building from Strength


Riddarhyttan Presentation

May 2005