McEwen Mining: Q3 2019 Results

20191030_Q3_2019_Operating_and_Financial_Results

TORONTO, Oct. 30, 2019 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) announces its results for the third quarter ended September 30, 2019 (“Q3”). Total production during Q3 was 35,042 gold ounces and 947,145 silver ounces, or 45,930 gold equivalent ounces(1)(“GEOs”) using the average gold:silver price ratio for Q3 of 87:1. Our four producing mines generated Earnings From Mining Operations of $9.4 million(2)(3) during the quarter. We continued to invest in exploration and development, spending $15.8 million on advanced projects during Q3, which contributed to our consolidated net loss of $11.5 million, or $0.03 per share.

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