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STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2017

STOCK BASED COMPENSATION

Summary of outstanding stock options activity

		Year Ended December 31, 2017					Year Ended December 31, 2016
		Number of Stock Options			Weighted Average Exercise Price		Number of Stock Options			Weighted Average Exercise Price

Outstanding, beginning of year		5,478,837		C$	34.40		12,082,212		C$	43.65

Granted		2,018,140			56.57		2,160,075			36.65

Exercised		(1,538,729	)		37.18		(6,492,907	)		38.48

Forfeited		(99,644	)		42.09		(141,038	)		38.42

Expired		(1,100	)		37.05		(2,129,505	)		76.46

Outstanding, end of year		5,857,504		C$	41.18		5,478,837		C$	34.40

Options exercisable, end of year		2,628,998		C$	37.66		1,606,558		C$	40.27

Summary of stock options outstanding and exercisable

		Stock Options Outstanding							Stock Options Exercisable
Range of Exercise Prices		Number Outstanding		Weighted Average Remaining Contractual Life			Weighted Average Exercise Price		Number Exercisable			Weighted Average Exercise Price

C$28.03 – C$38.15		3,638,052		2.30 years		C$	32.10		1,903,646		C$	31.05

C$40.66 – C$66.57		2,219,452		3.52 years			56.05		725,352			55.01

C$28.03 – C$66.57		5,857,504		2.76 years		C$	41.18		2,628,998		C$	37.66

Summary of significant assumptions used to estimate the fair value

		Year Ended December 31,

		2017		2016

Risk-free interest rate		1.15%		0.89%

Expected life of stock options (in years)		2.3		2.5

Expected volatility of Agnico Eagle's share price		45.0%		45.0%

Expected dividend yield		1.09%		1.33%