TORONTO, Nov. 25, 2015 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) would like to update investors on our plans to regain compliance with the New York Stock Exchange (NYSE) minimum share price requirement. The NYSE stipulates that the average closing price of a listed company’s stock be above US$1.00 per share, calculated over a period of 30 consecutive trading days. The Company was advised on July 1, 2015 that it no longer met this requirement.
“We’ve made good progress in a difficult market. This year we strengthened our balance sheet, increased production, and decreased our costs,” said Rob McEwen, Chief Owner. “I’m not going to take this lying down, I have no intention of being delisted from the world’s premier stock exchange.”