MCEWEN MINING ANNOUNCES CLOSING OF FINANCING

20200910_closing

TORONTO, Sept 10, 2020 – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce that it has closed its previously announced “bought deal” private placement in the upsized amount of 6,298,166 common shares of the Company that will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the “Flow-Through Shares”) at a price of US$1.65 (Cdn$2.18) per Flow-Through Share for total gross proceeds of US$10.4 million (Cdn$13.7 million). The Offering was completed through a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation as sole bookrunner, and includes Roth Capital Partners, LLC, Red Cloud Securities Inc., and Maison Placements Canada Inc.

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