McEwen Mining Reports 2016 Full Year and Q4 Production Results

http://globenewswire.com/news-release/2017/01/16/905950/0/en/McEwen-Mining-Reports-2016-Full-Year-and-Q4-Production-Results.html?ev=1

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
Guidance 2016 Q1 Q2 Q3 Q4
Gold ounces 99,500 101,482 28,975 27,888 24,281 20,337
Silver ounces 3,337,000 3,303,709 673,767 875,006 916,168 838,768
Gold Eq. ounces 144,000 145,530 37,958 39,555 36,496 31,521

Highlights

  • 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.

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