Agnico-Eagle announces 24th consecutive annual dividend
18 December 2003 - 7:58AM
PR Newswire (US)
Agnico-Eagle announces 24th consecutive annual dividend Stock
Symbols: AEM (NYSE) AGE (TSX) TORONTO, Dec. 17
/PRNewswire-FirstCall/ -- Agnico-Eagle Mines Limited today
announced an annual dividend of $0.03 per share, representing the
24th consecutive year that Agnico-Eagle has paid a distribution to
its shareholders. The Company has declared a dividend of $0.03 per
share, payable March 15, 2004 to shareholders of record March 5,
2004. The dividend rate is unchanged from last year as management
and the board of directors have decided to conserve cash for the
longer-term development and growth of its asset base. Under the
Company's Dividend Reinvestment Plan, shareholders will have the
opportunity to reinvest their dividends into shares of
Agnico-Eagle. Shareholders who have not received details of the
Plan should contact the Company or visit its website at
http://www.agnico-eagle.com/. Forward Looking Statements This news
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 certain Canadian
securities regulators (including the Ontario and Quebec Securities
Commissions) and with the United States Securities and Exchange
Commission (as Form 20-F). About Agnico-Eagle Agnico-Eagle is a
long established Canadian gold producer with operations located in
northwestern Quebec and exploration and development activities in
eastern Canada and the southwestern United States. Agnico-Eagle's
LaRonde Mine in Quebec is Canada's largest gold deposit. The
Company has full exposure to higher gold prices consistent with its
policy of no forward gold sales. It has paid a cash dividend for 23
consecutive years. DATASOURCE: Agnico-Eagle Mines Limited CONTACT:
Barry Landen, V.P. Corporate Affairs, Agnico-Eagle Mines Limited,
(416) 947-1212
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