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Press release from Business Wire

Faruqi & Faruqi, LLP Announces Investigation of Agnico-Eagle Mines Limited

Friday, November 18, 2011

Faruqi & Faruqi, LLP Announces Investigation of Agnico-Eagle Mines Limited12:05 EST Friday, November 18, 2011 NEW YORK (Business Wire) -- Faruqi & Faruqi, LLP, a national law firm concentrating on investor rights, consumer rights and enforcement of federal antitrust laws, is investigating potential wrongdoing at Agnico-Eagle Mines Limited (“Agnico-Eagle” or the “Company”) (Nasdaq: AEM). Faruqi & Faruqi, LLP seeks to determine whether certain officers and directors at Agnico-Eagle violated federal securities laws in connection with statements made to the Company's shareholders. Request more information now by clicking here: The investigation focuses on whether the Company violated federal securities laws by, among other things, failing to disclose that: (1) Agnico-Eagle was facing serious problems in the operation of its Goldex mine in Val d'Or, Quebec; (2) those problems would require the Goldex mine to be shut down; (3) Agnico-Eagle would have to write off its $260 million investment as a result of the Goldex closure; and (4) Agnico-Eagle had artificially inflated its financial results by withholding information regarding its mining operations. On October 19, 2011, Agnico-Eagle announced that it was suspending mining operations and gold production at its Goldex mine effective immediately and that the Company was writing off its $260 million dollar Goldex investment. On the news, Agnico-Eagle shares declined 18.54% or $10.59 per share to close at $46.51. Take Action If you purchased Agnico-Eagle securities between April 29, 2010 and October 19, 2011 and you would like to discuss your legal rights, visit You can also contact us by calling Anthony Vozzolo or Richard W. Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to or Faruqi & Faruqi, LLP also encourages anyone with information regarding Agnico-Eagle's conduct during the period in question to contact the firm, including whistleblowers, former employees, shareholders and others. About Faruqi & Faruqi, LLP Faruqi & Faruqi, LLP is a national law firm, representing investors, consumers and companies in the prosecution of claims under state corporate and consumer laws and the federal securities and antitrust laws. The lawyers at Faruqi & Faruqi, LLP have demonstrated a clear commitment to championing the rights of shareholders and consumers nationwide. Anthony Vozzolo, Esq.Richard W. Gonnello, Esq.FARUQI & FARUQI, LLP369 Lexington Avenue, 10th FloorNew York, NY 10017Telephone: (877) 247-4292 or (212) 983-9330E-mail: