MCEWEN MINING REPORTS 2017 FULL YEAR AND Q4 RESULTS

20180222_Q4_2017_Operating_and_Financial_Results

TORONTO, Feb. 22, 2018 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) today reported fourth quarter and full year results for the period ended December 31, 2017. For the year, McEwen Mining achieved production of 152,329gold equivalent ounces(1)(“GEOs”). Our consolidated net loss for 2017 was $10.6 million(2), or $0.03 per share. Net cash outflow during the year from operating activities was $15.4 million, principally due to higher exploration, development and operating expenses associated with our long-term growth plans. As of February 21, 2018 the Company had cash, investments and precious metals of $60 million and no debt.

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