TORONTO, April 18, 2017 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to report its consolidated production for Q1 2017 was 20,096 gold ounces and 722,767 silver ounces, or 29,733 gold equivalent ounces(1), using a 75:1 gold to silver ratio.
|Consolidated Production Summary|
|Q1 ‘17||Q4 ‘16||Q3 ‘16||Q2 ‘16||Q1 ‘16|
|Gold Eq. ounces||29,733||31,521||36,496||39,555||37,958|
- Achieved gold and silver production in-line with guidance from our two producing mines.
- Strong balance sheet: No debt. $52 million(2) in cash, cash equivalents and precious metals. No sales of metal streams, royalties or hedges.
- Paid our 4th semi-annual return of capital of ½ cent per common share on February 14th, 2017.