On December 23, 2004, Agnico-Eagle Mines Limited entered into a revolving credit facility of up to US$100 million made available by a syndicate of domestic and foreign lenders.  Agnico-Eagle Mines Limited is an established Canadian gold producer with operations located in northwestern Quebec and exploration and development activities in eastern Canada and the southwestern United States. The syndicate of lenders was led by The Bank of Nova Scotia, as co-arranger, administrative agent and technical agent, Société Générale (Canada), as co-arranger and syndication agent, and N M Rothschild & Sons Limited, as co-arranger and documentation agent.

Agnico-Eagle was represented in the transaction by a team from Davies Ward Phillips & Vineberg LLP composed of Patricia Olasker, Scott Hyman, Melanie Koszegi and Cynthia Cline (corporate) and Sarah Powell (environmental) in Toronto.