McEwen Mining Reports Q1 2017 Production Results

http://www.mcewenmining.com/Media-Events/News-Releases/News-Releases-Details/2017/McEwen-Mining-Reports-Q1-2017-Production-Results/default.aspx

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.

 

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