Order: In the Matter of Agnico-Eagle Mines Limited
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
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IN THE MATTER OF
AGNICO-EAGLE MINES LIMITED
O R D E R
(Sections 127 and 127.1)
WHEREAS on April 22, 2005, the Ontario Securities Commission issued a Notice of Hearing pursuant to sections 127(1) and 127.1 of the Securities Act in respect of Agnico-Eagle Mines Limited ("Agnico-Eagle");
AND WHEREAS Agnico-Eagle entered into a settlement agreement with Staff of the Commission dated April 25, 2005 (the "Settlement Agreement") in which it agreed to a proposed settlement of the proceeding commenced by the Notice of Hearing, subject to approval of the Commission;
AND WHEREAS Staff recommend approval of the Settlement Agreement;
UPON reviewing the Settlement Agreement and the Notice of Hearing and upon hearing the submissions of Staff and counsel for Agnico-Eagle;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this Order;
IT IS HEREBY ORDERED THAT:
- the Settlement Agreement attached to this Order is hereby approved;
- pursuant to clause 4 of subsection 127(1) of the Act, Agnico-Eagle will initiate a review of its disclosure and reporting practices and procedures by an independent third party, acceptable to both Agnico-Eagle and Staff, at the expense of Agnico-Eagle; and
- pursuant to clause 4 of subsection 127(1) of the Act, Agnico-Eagle will implement any recommendations made by the independent third party referred to above that are approved by Staff, within a reasonable period of time, as approved by Staff.
DATED at Toronto this 28th day of April, 2005
“Wendell Wigle”
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Wendell S. Wigle
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“Suresh Thakrar”
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“Robert Davis ”
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Suresh Thakrar
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Robert W. Davis
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