McEwen Mining Reports Q1 Production Results, Royalty Acquisition

http://globenewswire.com/news-release/2016/04/19/830425/0/en/McEwen-Mining-Reports-Q1-Production-Results-Royalty-Acquisition.html

TORONTO, April 19, 2016 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce production highlights of the first quarter 2016 and one acquisition.

Highlights

• Total production in Q1 was 37,958 gold equivalent ounces⁽¹⁾, a 14% increase over Q1 2015.

• Increased production guidance for 2016 to 144,000 gold equivalent ounces.

• Acquired the Net Smelter Return (NSR) royalty on our El Gallo Mine and El Gallo Silver deposit.

• Strong balance sheet: $43 million⁽²⁾ in liquid assets and no debt!