TORONTO, Jan. 16, 2017 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce annual consolidated production in 2016 was 145,530 gold equivalent ounces(1) using a gold to silver ratio of 75:1, or 101,482 gold ounces and 3,303,709 silver ounces.
|2016 Consolidated Production Summary|
|Gold Eq. ounces||144,000||145,530||37,958||39,555||36,496||31,521|
- Achieved gold and silver production in-line with guidance from our two producing mines.
- Doubled liquid assets during the year to $64 million(2) in cash, cash equivalents and precious metals, and no debt.
- 3rd semi-annual return of capital of ½ cent per common share will be paid on February 14th, 2017 to shareholders of record as of the close of business on February 3rd, 2017.