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 ounces | 20,096 | 20,337 | 24,281 | 27,888 | 28,975 |
| Silver ounces | 722,767 | 838,768 | 916,168 | 875,006 | 673,767 |
| Gold Eq. ounces | 29,733 | 31,521 | 36,496 | 39,555 | 37,958 |
Highlights
- 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.