Toronto (November 9, 2005) - Agnico-Eagle Mines Limited (“Agnico-Eagle”) announced today that it has completed its tender offer relating to the acquisition of Riddarhyttan Resources AB (publ) (“Riddarhyttan”).

During the final tender period, an additional 712,320 shares of Riddarhyttan were tendered to its offer to acquire all the outstanding shares of Riddarhyttan not owned by Agnico-Eagle, representing 0.7% of the outstanding shares and voting rights of Riddarhyttan. Together with the 102,168,631 shares already owned by Agnico-Eagle, representing 96.6% of the outstanding shares and voting rights of Riddarhyttan, Agnico-Eagle now owns an aggregate of 102,880,951 shares, or approximately 97.3% of the outstanding shares and voting rights of Riddarhyttan. Settlement of shares tendered during this final tender period is expected to be initiated on, or about, November 11, 2005.

Agnico-Eagle intends to initiate the compulsory acquisition of the remaining 2.7% of the Riddarhyttan shares...