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                       December 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)                            Sean Boyd, President and CEO
                                                    (416) 947-1212

For Immediate Release:

                             AND BOARD APPOINTMENTS

Toronto  (December  19,  2002) -  Agnico-Eagle  Mines  Limited  ("Agnico-Eagle")
announced  today  a  dividend  of  US$0.03  per  share,  representing  the  23rd
consecutive year that Agnico-Eagle has paid a distribution to its shareholders.

The Company has declared a dividend of US$0.03 per share, payable March 14, 2003
to shareholders of record March 6, 2003. The dividend rate has been increased by
50% from that paid in 2002,  reflecting the  improvement in the  fundamentals of
the gold price  market and the recent  successful  commissioning  of the LaRonde
Mine at its newly  expanded rate of 7,000 tons of ore per day. The dividend rate
was not increased  further at this time as management and the board of directors
have decided to conserve cash for acquisitions  and 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

James  D.  Nasso,  Chairman  of the  Board,  is also  pleased  to  announce  the
appointment  of Ms.  Leanne  M.  Baker  and Mr.  Mel  Leiderman  to the Board of
Directors, effective January 1, 2003.

Ms. Baker,  who currently acts as a consultant to a number of mining  companies,
previously  spent 11 years  with  Salomon  Smith  Barney as one of the top rated
equity analysts in the mining sector.  Prior to that, Ms. Baker was with Phillip
Brothers after earning an M.S. and Ph.D. in mineral  economics from the Colorado
School of Mines.

Mr.  Leiderman is the managing  partner of the Toronto  accounting  firm Lipton,
Wiseman, Altbaum & Partners LLP. Mr. Leiderman has been with the firm since 1978
before which he obtained his  chartered  accountancy  designation  with Clarkson
Gordon & Co. (now Ernst & Young) and a B.A. from the University of Windsor.

                                    - more -

Mr. Nasso and the rest of the board of directors  would like to thank Mr. Wencel
Hubacheck  and Mr.  Irving Dobbs for their  dedicated  service,  as they will be
retiring from the board effective December 31, 2002. Mr. Hubacheck and Mr. Dobbs
have each been associated with the  Agnico-Eagle  family of companies for nearly
40 years.

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 certain Canadian securities  regulators
(including the Ontario and Quebec  Securities  Commissions)  and with the United
States Securities and Exchange Commission (as Form 20-F).

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.



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:  December 19, 2002               By: /s/ David Garofalo
                                          David Garofalo
                                          Vice President, Finance and Cheif
                                          Financial Officer