Stock Symbols: AEM (NYSE and TSX) (All amounts expressed in U.S. dollars unless otherwise noted) TORONTO, Feb. 15 /CNW/ - Agnico-Eagle Mines Limited announced today thatit has fully redeemed its $144 million principal amount 4.50% convertiblesubordinated debentures due February 15, 2012. The Company paid cash tosatisfy interest on the debentures up to and including February 15, 2006 andissued approximately 10.3 million shares to discharge all of its remainingobligations under the indenture governing the convertible debentures. "Agnico-Eagle now has no long-term debt", said Sean Boyd, Vice Chairmanand Chief Executive Officer. "With over $120 million in cash and asubstantially undrawn credit line of $150 million, the Company is wellpositioned to advance its pipeline of projects towards achieving its goal oftripling gold production and doubling its gold reserves by 2009", added Mr.Boyd Flow Through Common Shares Issuances In the first quarter, the Company agreed to issue 1.2 million flowthrough common shares for gross proceeds of approximately $35 million, througha series of transactions. The proceeds will be used to finance exploration andunderground development at the Company's Lapa and Goldex projects andgrassroots exploration in Canada. Forward Looking Statements The information in this press release has been prepared as at February15, 2006. Certain statements contained in this press release constitute"forward-looking statements" within the meaning of the United States PrivateSecurities Litigation Reform Act of 1995. When used in this document, thewords "anticipate", "expect", "estimate," "forecast," "planned" and similarexpressions are intended to identify forward-looking statements. Suchstatements reflect the Company's views at the time with respect to futureevents and are subject to certain risks, uncertainties and assumptions. Manyfactors could cause the actual results to be materially different from thoseexpressed or implied by such forward-looking statements, including, amongothers, those which are discussed under the heading "Risk Factors" in theCompany's most recently filed Annual Information Form and Annual Report onForm 20-F. The Company does not intend, and does not assume any obligation, toupdate these forward-looking statements. About Agnico-Eagle Agnico-Eagle is a long established Canadian gold producer with operationslocated in Quebec and exploration and development activities in Canada,Finland, the United States and Mexico. Agnico-Eagle's LaRonde Mine is Canada'slargest gold deposit. The Company has full exposure to higher gold pricesconsistent with its policy of no forward gold sales. It has paid a cashdividend for 26 consecutive years.

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