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 | January 2004 | |
Agnico-Eagle Mines Limited |
||
| (Translation of registrant's name into English) | ||
145 King Street East, Suite 500, Toronto, Ontario M5C 2Y7 |
||
[Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.]
| Form 20-F | ý | Form 40-F | o |
[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 | o | No | ý |
[If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
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: |
January 14, 2004 |
By: |
/s/ DAVID GAROFALO Vice President, Finance & Chief Financial Officer |
|
Stock Symbols: |
AEM (NYSE) AGE (TSX) |
For further information: Barry Landen, V.P. Corporate Affairs Agnico-Eagle Mines Limited (416) 947-1212 |
AGNICO-EAGLE REPORTS GRANTING OF STOCK
OPTIONS TO EXECUTIVE OFFICERS
Toronto, Canada (January 12, 2004) — Agnico-Eagle Mines Limited today granted stock options to its executive officers. A total of 360,000 options were granted to the executive group at an exercise price of C$16.69. The options expire on January 12, 2009 and vest over a for year period with 25% vesting immediately and an additional 25% vesting on each of the next three anniversary dates from the date of grant. The 360,000 options granted were allocated among the executive officers as follows:
| Sean Boyd – President & CEO | 90,000 | |
| Ebe Scherkus – Executive Vice-President & COO | 70,000 | |
| David Garofalo – Vice-President, Finance & CFO | 50,000 | |
| Alain Blackburn – Vice-President, Exploration | 50,000 | |
| Barry Landen – Vice-President, Corporate Affairs | 40,000 | |
| Donald Allan – Vice-President, Corporate Development | 40,000 | |
| Anton Adamcik – Vice-President, Environment | 20,000 |
The following table summarizes information relating to the executive officers' stock options after giving effect to the current grant.
| |
Options Outstanding |
|||||
|---|---|---|---|---|---|---|
| Range of Exercise Prices |
Number Outstanding |
Weighted Avg. Remaining Life |
Weighted Avg. Exercise Price |
|||
| C$6.55 - C$9.30 | 106,200 | 5.63 | 8.32 | |||
| C$10.20 - C$15.75 | 360,300 | 5.98 | 10.40 | |||
| C$15.93 - C$18.75 | 1,160,000 | 3.16 | 16.59 | |||
| C$21.72 - C$21.84 | 75,000 | 1.52 | 21.83 | |||
| Totals | 1,701,500 | 3.84 | 14.99 | |||
| |
Options Exercisable |
|||
|---|---|---|---|---|
| Range of Exercise Prices |
Number Outstanding |
Weighted Avg. Exercise Price |
||
| C$6.55 - C$9.30 | 106,200 | 8.32 | ||
| C$10.20 - C$15.75 | 322,300 | 10.40 | ||
| C$15.93 - C$18.75 | 890,000 | 16.56 | ||
| C$21.72 - C$21.84 | 75,000 | 21.83 | ||
| Totals | 1,393,500 | 14.79 | ||