Effective August 5, 2011, Agnico-Eagle Mines Limited entered into a US$1.2 billion unsecured amended and restated credit agreement with The Bank of Nova Scotia, as joint lead arranger and administrative agent, The Toronto-Dominion Bank, as joint lead arranger and syndication agent, and a syndicate of lenders.  The previous credit facility was scheduled to mature on June 22, 2014.  The new credit facility matures on June 22, 2016. It relaxes certain covenants and reduces pricing.

Borden Ladner Gervais LLP acted for the administrative agent and the lenders, with a team that included Howard Silverman and Tiffany Murray.