FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
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 May 2002
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Commission File Number
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Agnico-Eagle Mines Limited
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(Translation of registrant's name into English)
145 King Street East, Suite 500, Toronto, Ontario, Canada M5C 2Y7
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[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
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[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
1934.
Yes No X
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[If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):82- ]
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MATERIAL CHANGE REPORT
Section 75 of the Securities Act (Ontario)
Section 85 of the Securities Act (British Columbia)
Section 146 of the Securities Act (Alberta)
Section 84 of the Securities Act (Saskatchewan)
Section 73 of the Securities Act (Quebec)
Section 81 of the Securities Act (Nova Scotia)
Section 76 of the Securities Act (Newfoundland and Labrador)
ITEM 1: REPORTING ISSUER
Agnico-Eagle Mines Limited ("Agnico-Eagle")
410 Bay Street, Suite 2303
Toronto, Ontario
M5H 2Y4
ITEM 2: DATE OF MATERIAL CHANGE
May 13, 2002
ITEM 3: PRESS RELEASE
Agnico-Eagle's 67.5%-owned subsidiary, Sudbury Contact Mines Limited
("Sudbury Contact"), issued a press release through Canada Newswire on May 13,
2002 in Toronto, Ontario.
ITEM 4: SUMMARY OF MATERIAL CHANGE
On May 13, 2002, Agnico-Eagle completed a transaction with Sudbury
Contact which resulted in the elimination of Cdn. $25,640,785 in inter-company
debt owing by Sudbury Contact to Agnico-Eagle.
ITEM 5: FULL DESCRIPTION OF MATERIAL CHANGE
On May 13, 2002, Agnico-Eagle entered into an agreement with Sudbury
Contact whereby Agnico-Eagle forgave Cdn. $12,000,000 of Cdn.
$25,640,785 in inter-company debt owing by Sudbury Contact to
Agnico-Eagle. On the same day, Agnico-Eagle assigned the remaining Cdn.
$13,640,785 in inter-company debt to its wholly-owned subsidiary and
transferred all of the shares of such subsidiary to Sudbury Contact in
exchange for 44 common shares of Sudbury Contact. The subsidiary was
then dissolved into Sudbury Contact thereby eliminating the remaining
Cdn. $13,640,785 in inter-company debt. The inter-company debt had been
carried at nil on the balance sheet of Agnico-Eagle. The purpose of the
transaction was to eliminate the debt on Sudbury Contact's balance
sheet.
ITEM 6: RELIANCE ON SUBSECTION 75(3) OF THE
ONTARIO SECURITIES ACT OR EQUIVALENT PROVISIONS
Not applicable
ITEM 7: OMITTED INFORMATION
Not applicable
ITEM 8: SENIOR OFFICER
David Garofalo, Vice-President, Finance and Chief Financial Officer
(416) 947- 1212.
ITEM 9: STATEMENT OF SENIOR OFFICER The foregoing accurately discloses
the material change referred to herein.
DATED at Toronto, Ontario this 22nd day of May, 2002.
By: (signed) David Garofalo
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David Garofalo
Vice-President, Finance
and Chief Financial Officer
SIGNATURE
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 4, 2002 By: /s/ David Garofalo
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David Garofalo
Vice-President, Finance
and Chief Financial Officer