Increasing Shareholders’ Leverage to gold (ounces of gold production per thousand AEM shares)   With gold production poised to double in 2009 and Double again in 2010, Agnico-Eagle has the most dramatic growth profile of any senior or intermediate gold producer. We also enjoy a strong reserve position with special attention paid to per share metrics. Our growth projects are 100% owned, with low total acquisition costs. They are located in regions of low political risk and long-term potential. With approximately $900 million spent in 2008 on capital expenditures, we are well into our biggest-ever capital program. As we open new mines, increasing cash flow will enable us to execute on new growth opportunities – several of which are at the scoping stage.