TORONTO, Aug. 02, 2017 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) today reported consolidated financial results for the second quarter ending June 30, 2017. Continued investments in exploration and project development, particularly related to the updated PEA on our Los Azules copper project and the advancement of our Gold Bar project towards construction, were the key features of the quarter. As a result, the Company reported a net loss of $1.7 million or $0.01 per share and negative cash flow of $4.1 million or $0.01 per share.
During the quarter McEwen Mining achieved consolidated production of 32,584 gold equivalent ounces(1)(3). The El Gallo mine produced 9,780 gold equivalent ounces(1) and reported earnings from mining operations of $6.8 million(2)(4) and the San José mine produced 22,804 gold equivalent ounces(1) and reported earnings from mining operations of $4.1 million(2)(4).
Our quarterly management conference call will take place on August 3rd, 2017 at 11 am, EDT. Webcast and call-in details are provided at the end of this news release.