BankM AG
BankM – biw AG is the new Designated Sponsor for Agnico-Eagle Mines Ltd., globally one of the largest and fastest growing gold production companies
BankM - Repräsentanz der biw Bank für Investments und Wertpapiere AG / Agreement/Contract Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- - Increased attractiveness of the Agnico-Eagle shares in the German market - BankM - biw AG facilitates liquid and transparent trading on Deutsche Boerse's leading in-ternational trading platform XETRA(R) Frankfurt, March 27, 2009 - Starting April 1st 2009, BankM - Repraesentanz der biw Bank für Investments und Wertpapiere AG will support the shares of Agnico-Eagle Mines Limited, Toronto, Canada, on the electronic trading platform XETRA(R) of Deutsche Boerse AG as the company's so called 'designated sponsor' (market maker). Designated Sponsors provide additional liquidity, in particular for less liquid instruments. They support trading on XETRA(R) by offering binding prices for the bid- and ask-side (known as quotes) and are responsible for alleviating any imbalances between supply and demand. Through BankM's service, it is ensured that the shares are permanently tradable on the German at marketable prices, resulting in an increased attractiveness of the Agnico-Eagle stock for Euro-pean investors. Agnico-Eagle's shares are listed on The New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSE) under the ticker symbol AEM. The shares also trade on the Frankfurt Stock Exchange's Entry Standard under the symbol AE9 (WKN: 860325). XETRA(R) is the internationally leading electronic trading platform of Deutsche Boerse AG. Over 260 participants in 19 countries and more than 4,700 authorized traders are connected to XETRA(R). Participants can access the XETRA(R)-trading system irrespective of their location. Banks, financial services institutions and financial companies can participate in XETRA(R)-trading. The price and the volume of the orders displayed in the trading systems, are visible for all market participants. This ensures the highest degree of transparency, speed and flexibility for all market participants. Agnico-Eagle: Agnico-Eagle Mines Ltd. is an international growth company focused on gold, with operations in Canada, and Finland and advanced-stage projects and opportunities in Canada, Mexico and the USA. The company with a current market cap of USD 8 billion is expecting an annual production of over 500,000 ounces of gold in 2009. Agnico-Eagle's LaRonde mine in Quebec is Canada's largest gold deposit in terms of reserves. The mine generates strong earnings and cash flows, and is an excellent foundation for Agnico-Eagle's international expansion. Agnico-Eagle maintains low production costs and has paid a cash dividend to its shareholders for 27 consecutive years. Agnico-Eagle has traditionally sold all of its production at the spot price of gold, in keeping with a policy of not selling forward future gold production. The company aims to expand gold production to 1,20 million ounces until 2010 while at the same time increasing gold reserves from at present 18.1 million ounces to more than 20 million ounces. Also, Agnico-Eagle posseses a solid financial profile and is fully funded for the 2009 capex, without considering internal cash flow. As a leading gold producer, Agnico-Eagle provides an increasing leverage to gold as the ounces of production per thousand shares ratio is expected to significantly improve to over 6 (2007: below 2; 2009e: approx. 4). Furthermore, Agnico-Eagle's shares outstanding increased only 3.1 times since 1998 while gold reserves went up 13.9 times. Find more information about Agnico-Eagle under: http://www.agnico-eagle.com BankM - biw AG: BankM - biw AG offers small- and micro-cap companies a long-term oriented one-stop-support in all relevant aspects that deal with the capital markets: out of an integrated team BankM's services range from pre-IPO consultancy to the execution of IPOs, Designated Sponsoring (market making) and research, up to the execution of road shows and secondary transactions as well as ongoing consulting and M&A support. BankM - biw AG has an experienced and co-ordinated team with more than 100 years of personal experience from over 90 transactions (including 29 IPOs). For further queries please contact: Thomas Stewens, Peter Sang BankM - Repraesentanz der biw Bank für Investments und Wertpapiere AG Mainzer Landstraße 61 60329 Frankfurt Germany Phone.: +49 (0) 69 71 91 838-10 Fax: +49 (0) 69 71 91 838-50 e-mail: presse@bankm.de Internet: www.bankm.de Agnico-Eagle Mines Ltd.'s exclusive partner for investor relations activities in Germany is the resources specialist AXINO. AXINO AG investor & media relations Königstraße 26 70173 Stuttgart Germany Phone.: +49 (0) 711 253592-30 Fax: +49 (0) 711 253592-33 e-mail: service@axino.de Internet: www.axino.de Contact: Thomas Stewens BankM - Repraesentanz der biw Bank für Investments und Wertpapiere AG Mainzer Landstraße 61 60329 Frankfurt Germany Phone.: +49 (0) 69 71 91 838-10 Fax: +49 (0) 69 71 91 838-50 e-mail: presse@bankm.de Internet: www.bankm.de 27.03.2009 Financial News transmitted by DGAP ----------------------------------------------------------------------
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