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FIDELITY MANAGEMENT AND RESEARCH COMPANY PURCHASES AGNICO-EAGLE MINES COMMON STOCK

 BOSTON, Feb. 10 /PRNewswire/ -- Fidelity Management & Research Company (FMR), and Fidelity Management Trust Company, (FMTC) 82 Devonshire Street, Boston, announced that certain open-end investment companies of which FMR serves as investment manager and several institutional accounts for which FMTC serves as investment manager have in public transactions purchased Agnico-Eagle Mines Ltd., common stock. The common stock, together with previously acquired shares, represents 13 percent of the issued shares of such class.
 Fidelity fund and trust account purchases have been made for investment; the Fidelity funds and trust accounts may, subject to market conditions, make additional investments in or dispositions of securities of Agnico-Eagle Mines Ltd. in the future, including additional purchases of the common stock. FMR and FMTC do not, however, intend to acquire 20 percent of any class of the outstanding voting or equity securities of Agnico-Eagle Mines Ltd.
 -0- 2/10/93
 /CONTACT: Charlotte Falkner, 617-570-7020 at Fidelity/


CO: Fidelity Management & Research Company ST: Massachusetts IN: FIN SU:

TM -- NE013 -- 5320 02/10/93 16:13 EST
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Publication:PR Newswire
Date:Feb 10, 1993
Words:169
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