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McEwen Mining Inc. (MUX)

NYSE - Nasdaq Real Time Price. Currency in USD
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1.3800+0.0200 (+1.47%)
At close: 4:00PM EDT

1.3700 -0.01 (-0.72%)
After hours: 7:37PM EDT

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Previous Close1.3600
Open1.3500
Bid1.3700 x 41800
Ask1.3700 x 34100
Day's Range1.3100 - 1.3800
52 Week Range0.7650 - 1.6000
Volume4,526,727
Avg. Volume4,676,783
Market Cap633.678M
Beta (5Y Monthly)1.18
PE Ratio (TTM)N/A
EPS (TTM)-0.1610
Earnings DateAug. 04, 2021 - Aug. 09, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMar. 07, 2019
1y Target Est1.88
  • McEwen Mining Reports Upbeat Exploration & Delineation Results
    GlobeNewswire

    McEwen Mining Reports Upbeat Exploration & Delineation Results

    Including true width intervals of 6.08 g/t Au over 25.7 m at Stock West, 3.40 g/t Au over 24.3 m at Gold Bar, and 62.5 g/t Au & 5,571 g/t Ag over 2.0 m at San Jose Figure 1 Stock Mine Trend Longitudinal Section Figure 2 Stock West Longitudinal Section Figure 3 Gold Bar Plan View TORONTO, May 10, 2021 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to report strong exploration results from the ongoing drilling at the Stock West project near Timmins, Ontario. The Stock West target, initially discovered in late-2019, is being drill-tested as part of a fully funded two-year $20 million exploration and delineation program at the Fox Complex. Drilling is designed to support a Preliminary Economic Assessment (PEA), currently underway, to evaluate the potential of expanding mining operations. The Company is also pleased to update progress on the $5 million drilling program at the Gold Bar mine property near Eureka, Nevada, where encouraging new results support our confidence in the geological and mineral resource model driving operational improvement. A new drill result from the San Jose Property in Argentina may have meaningful implications for ongoing exploration. Stock West Drilling, Ontario A total of 57 holes have been completed at the Stock West target since August 2020. The majority of these are designed to support litho-structural modeling and expand or infill an ongoing mineral inventory estimate. Encouraging new assay results (across true widths) from the 2020-2021 second exploration phase include the following: 8.43 g/t Au over 14.3 m including 23.68 g/t Au over 1.1 m – hole S20-138a6.76 g/t Au over 15.6 m including 43.00 g/t Au over 0.4 m – hole S20-1486.08 g/t Au over 25.7 m including 28.30 g/t Au over 0.6 m – hole S20-1496.21 g/t Au over 19.0 m – hole S20-1543.80 g/t Au over 7.3 m – hole S21-157 For several holes, some of which contain visible gold (VG), assay results that are pending. Figure 1 provides a longitudinal section view of the multiple target areas at Stock. Figure 2 focuses on Stock West with a longitudinal view of the mineralization showing the pierce points of the various intercepts detailed in Table 1. Figure 1: https://www.globenewswire.com/NewsRoom/AttachmentNg/d7f7f562-351a-41e3-a51e-aaf8ea22c326 Data from the current drilling campaign is being integrated into the geological and resource models. For a complete list of drilling results at Stock West since August 2020, please visit www.mcewenmining.com. Figure 2: https://www.globenewswire.com/NewsRoom/AttachmentNg/075f1df3-449f-470d-9460-21bae5c44bb2 Executive Vice President (Exploration) Stephen McGibbon commented: "The recent drilling results from Stock West are less than 1/3 of a mile (500 m) from our Fox Complex mill and are a great example of the near-term growth opportunities that will augment the Company's strategic decision-making over the next two years." Table 1 - Highlight drill intercepts from the 2020-21 program at Stock West IdentifierHole-IDFrom (m)To (m)Core Length (m)True Width (m)Au (g/t)Comment 1S20-129463.8471.67.85.54.23 2S20-131520.6529.69.07.43.02 3S20-133482.2488.56.35.44.32 4S20-134476.0488.312.310.46.70VG including476.6477.30.70.619.30 and483.0484.01.00.812.10 5S20-135373.5378.95.44.73.48 including374.2374.70.50.419.60 488.0491.23.22.84.13 6S20-137441.0450.09.06.92.25 531.0539.08.06.33.27 7S20-138A513.0531.018.014.38.43 including518.2519.61.41.123.68 8S20-139373.7377.43.73.45.38 9S20-143518.0524.36.35.53.09 including523.6524.30.60.617.10 10S20-148534.0554.720.715.66.76 including539.1539.70.60.443.00 11S20-149476.0509.033.025.76.08VG including503.5504.30.80.628.30 12S20-150505.8510.95.13.65.36 13S20-151536.0547.011.09.27.62VG14S20-152547.0561.114.110.94.26 including551.0552.01.00.816.80 15S20-154374.1376.12.01.624.15VG 421.9429.37.35.82.08 479.0503.024.019.06.21 16S20-155507.9517.09.06.84.25VG17S21-157535.1543.38.17.33.80 558.8574.015.313.62.04 18S21-158539.8549.09.27.82.43 including539.8541.31.51.210.54 19S21-162A544.0551.07.06.05.78VG20S21-165442.3449.77.46.22.21 458.3466.07.76.43.64 21S21-166537.0540.33.32.95.64 Mineralization at Stock West is characterized by a bright-green fuchsite-ankerite alteration. This alteration system has now been traced over a 1,600-foot (500-meter) segment of the east-west trending structural corridor. It currently remains poorly tested for two miles (3 km) to the west and below 2,000 feet (600 meters) vertical depth. Modeling efforts indicate that mineralization shows continuity that may represent an attractive mineable body. This is being evaluated in the upcoming PEA as a potential operation alongside the Grey Fox resource. The goal of the PEA is to evaluate opportunities in the district, including the Fuller and Davidson-Tisdale deposits near Timmins, to understand the potential value represented for future exploration and development work. A total of seven surface drills are active on the Fox Complex, including four at Stock West, one at Stock Main and two drills recently activated at Grey Fox. Drilling will continue during the remainder of 2021. Gold Bar Drilling, Nevada McEwen Mining has committed $5 million toward drilling at the Gold Bar Mine in order to delineate new mineral resources, replace mining depletion, and further de-risk the geological and metallurgical models that are the basis of future production planning. During Q1 2021, the resource model reconciliation of actual mining depletion performed within 5% on contained ounces. Recent results are summarized in Table 2 and Figure 3. Core holes drilled partly for metallurgical purposes returned strong mineralization and potentially high gold recoveries (Au:CN Ratio %) from lab-based cyanidation work. Table 2 - Drill intercepts from metallurgical targeted holes at Gold Bar Mine Hole-IDFrom (m)To (m)Core Length (m)True Width (m) Au g/tAu:CN Ratio%RGM043M25.057.132.128.9 1.5086.0%61.367.76.45.7 0.8693.4%RGM044M28.346.017.715.1 1.0489.5%54.3103.148.843.9 2.0289.7%including68.095.027.024.3 3.4090.8%RGM045M3.75.82.11.9 0.3897.8%11.632.921.318.1 3.0790.9%44.549.14.63.3 15.4790.6%49.164.014.913.4 1.7233.8%RGM046M69.3100.631.328.2 1.5493.0%including78.695.416.8 2.4394.1% Several holes have samples whose assays remain pending and are expected to be reported on in the near future. The Ridge oriented core drill program successfully confirmed mineralization, locally increasing the average grade of existing resource model blocks and extending mineralization into new areas. This phase of the 2021 program consists of twenty reverse circulation holes and seven oriented core holes for a cumulative 3,417 meters. Figure 3: https://www.globenewswire.com/NewsRoom/AttachmentNg/a2898b55-a1f1-4ca1-9224-598bcc07cace San Jose Drilling, Argentina (49% MUX) McEwen Mining’s joint venture partner and mine operator Hochschild Mining is undertaking a $9.3 million drill program in 2021 at San Jose, of which $5.7 million is earmarked for exploration drilling of priority targets including the Escondida Vein and the Telken target (located proximal to Newmont’s Cerro Negro Mine). In Q1, 1,396 m of drilling was completed at Escondida and Telken. The Escondida Vein is a high-grade exploration target hosting both gold and silver mineralization. Recently, hole SJM-529 intersected 2.0 meters of Escondida vein material containing 62.5 g/t Au and 5,571 g/t Ag. Mineralization to-date has been outlined over a 100-meter strike length by 180-meter vertical extent. Drilling will continue during the second quarter with 1,000 meters planned for resource delineation at Escondida. Want News Fast? Subscribe to our email list by clicking here: https://www.mcewenmining.com/contact-us/#section=followUs and receive news as it happens! TECHNICAL INFORMATION Technical information pertaining to Stock West and Gold Bar geology and exploration contained in this news release has been prepared under the supervision of Ken Tylee, P.Geo., a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 "Standards of Disclosure for Mineral Projects." Technical information pertaining to Gold Bar geology and exploration contained in this news release has been prepared under the supervision of Kevin Kunkel, P.Geo., a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 "Standards of Disclosure for Mineral Projects." Reliability of Information Regarding San JoséMinera Santa Cruz S.A., the owner of the San José Mine, is responsible for and has supplied to the Company all reported results from the San José Mine. McEwen Mining's joint venture partner, a subsidiary of Hochschild Mining plc, and its affiliates other than MSC do not accept responsibility for the use of project data or the adequacy or accuracy of this release. CAUTION CONCERNING FORWARD-LOOKING STATEMENTS This news release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as at the date of this news release, contain McEwen Mining Inc.'s (the "Company") estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, effects of the COVID-19 pandemic, fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated with foreign operations, the ability of the corporation to receive or receive in a timely manner permits or other approvals required in connection with operations, risks associated with the construction of mining operations and commencement of production and the projected costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty as to the calculation of mineral resources and reserves, and other risks. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See McEwen Mining's Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and other filings with the Securities and Exchange Commission, under the caption "Risk Factors", for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement. The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by the management of McEwen Mining Inc. ABOUT MCEWEN MINING McEwen Mining is a diversified gold and silver producer and explorer focused in the Americas with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina. CONTACT INFORMATION: Investor Relations:(866)-441-0690 Toll-Free(647)-258-0395Website: www.mcewenmining.com150 King Street WestSuite 2800, P.O. Box 24Toronto, ON, CanadaM5H 1J9 Facebook: facebook.com/mcewenmininFacebook: facebook.com/mcewenrob Mihaela Iancu ext. 320 Twitter: twitter.com/mcewenmining info@mcewenmining.comTwitter: twitter.com/robmcewenmux Instagram: instagram.com/mcewenmining

  • McEwen (MUX) Reports Q1 Loss, Misses Revenue Estimates
    Zacks

    McEwen (MUX) Reports Q1 Loss, Misses Revenue Estimates

    McEwen (MUX) delivered earnings and revenue surprises of -50.00% and -3.10%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

  • McEwen Mining: Q1 2021 Results
    GlobeNewswire

    McEwen Mining: Q1 2021 Results

    TORONTO, May 07, 2021 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its first quarter (Q1) results for the period ended March 31st, 2021. Production was 23,300 gold ounces and 493,200 silver ounces, or 30,600 gold equivalent ounces(1) (GEOs)(see Table 1), at the average gold:silver price ratio for the quarter of 68:1.Cash and liquid assets(2) and positive working capital at March 31st, 2021, were $52.5 million and $35.3 million, respectively.Two financings were completed for aggregate net proceeds of $42 million.We invested $6.8 million on exploration and advanced projects, and reported a net loss of $12.5 million, or ($0.03) per share, compared to a net loss of $99.2 million, or ($0.25) per share, in Q1 2020.We invested $5.0 million on exploration drilling and other exploration work, with the primary focus on growing the Fox Complex resource base.All operations delivered production results in line with our expectations. Production is expected to increase throughout 2021 and end 20 to 40% higher than 2020.We successfully reached the first development horizon at the new Froome deposit, part of the Fox Complex.A Preliminary Economic Assessment (PEA) to expand the production from the Fox Complex is expected to be released at the end of Q2 2021.Stephen McGibbon has joined as the Executive Vice President of Exploration, and Ruben Wallin has joined as the Vice President of Environment, Health, Safety and Sustainability.Our quarterly webcast will take place on Monday, May 10th at 11 am EDT. Please see the details below. Operations Update San José Mine, Argentina (49% Interest) Our attributable production from San José in Q1 was 9,500 gold ounces and 492,300 silver ounces, for a total of 16,700 GEOs. For Q1, total cash costs(2) and all-in sustaining costs (AISC)(2) were $1,088 and $1,328 per GEO, respectively. This compares to 14,900 GEOs at total cash costs and AISC of $1,138 and $1,592 per GEO, respectively, in Q1 2020. We received $5 million in dividends in Q1, compared to no dividends during the same period in 2020. In 2021, the exploration budget is $10 million. Recent exploration results generated by our partner and mine operator have been encouraging, including an outstanding result from the Escondida vein: 62.5 g/t gold and 5,571 g/t silver over 2.0 meters – hole SJM-529 Gold Bar Mine, USA (100% Interest) Gold Bar produced 7,400 GEOs in Q1 at total cash costs and AISC of $1,865 and $1,934 per GEO, respectively. This compares to 9,100 GEOs at total cash costs and AISC of $1,887 and $2,177 per GEO, respectively, in Q1 2020. Production for the remainder of the year is expected to increase, and correspondingly costs are expected to decrease. Updated resource and reserve estimates were completed. The exploration budget for 2021 is $5 million and is focusing on testing near-mine targets and further defining oxide resources on the neighboring Tonkin property. Near-mine exploration during Q1 has delivered encouraging results from the North Ridge target, which will be provided in an upcoming exploration update. Fox Complex, Canada (100% Interest) Black Fox produced 5,200 GEOs in Q1 at total cash costs and AISC of $1,262 and $1,560 per GEO, respectively. This compares to 8,300 GEOs at total cash costs and AISC of $838 and $1,339 per GEO, respectively, in Q1 2020. Mining at Black Fox has begun transitioning to the Froome deposit, where a progressive ramp-up is planned through Q3, with commercial production expected in Q4. Costs are expected to fall considerably towards the latter half of the year as production rates increase to reach commercial production in Q4. At the Stock property, surface exploration is underway with four drills at the Stock West target, and one drill at the historic Stock Mine. We spent $3.4 million in Q1 of the total $9 million exploration budget for 2021. A Preliminary Economic Assessment (PEA) to expand the production from the Fox Complex will be released late in Q2. We are targeting improved production and cost profiles at the Fox Complex leveraging the potential for operational synergies through shared resources and infrastructure, a longer life of mine, and expanded production scale for the combined projects. El Gallo Project, Mexico (100% Interest) In Q1, El Gallo produced 1,300 GEOs from residual leaching of the heap leach pad. Operations were disrupted for three weeks by a blockade of the mine entrance by members of the local community, which has been resolved. A new 10-year agreement was reached between the El Gallo operation and the neighboring communities. Los Azules Copper Project, Argentina (100% Interest) Work continued on engineering and developing cost estimates to advance the proposed low altitude all-year access route to the project. Work is also progressing on identifying opportunities to accelerate the development and improve the economics of Los Azules. Concurrently, two strategic alternatives are being aggressively evaluated to determine what we believe will be the optimal way to finance the rapid development of Los Azules to create the greatest long-term value from this large copper resource for Argentina, the nearby communities, our shareholders, and employees. Table 1 below provides production and cost results for Q1 2021 and 2020. Q1 20212020Consolidated Production Gold (oz)23,30029,200Silver (oz)493,200553,200GEOs(1)30,60035,100San José Mine, Argentina (49%) Gold production (oz)(3)9,5009,000Silver production (oz)(3)492,300551,900GEOs(1)(3)16,70014,900Cash Costs ($/GEO)(1)1,0881,138AISC ($/GEO)(1)1,3281,592Gold Bar Mine, Nevada GEOs(1)7,4009,100Cash Costs ($/GEO)(1)1,8651,887AISC ($/GEO)(1)1,9342,177Black Fox Mine, Canada GEOs(1)5,2008,300Cash Costs ($/GEO)(1)1,262838AISC ($/GEO)(1)1,5601,339El Gallo Mine, Mexico GEOs(1)1,3002,700Cash Costs ($/GEO)(1)(4)(4)AISC ($/GEO)(1)(4)(4) Notes: 'Gold Equivalent Ounces' are calculated based on a gold to silver price ratio of 68:1 for Q1 2021, 94:1 for Q1 2020, 86:1 for the FY 2020, and 75:1 for 2021 Production Guidance.Cash gross profit, cash costs per ounce, all-in sustaining costs (AISC) per ounce, and liquid assets are non-GAAP financial performance measures with no standardized definition under U.S. GAAP. For a description of the non-GAAP measures see "Non-GAAP Financial Measures" section in this press release; for the reconciliation of the non-GAAP measures to the closest U.S. GAAP measures, see the Management Discussion and Analysis for the year ended December 31st, 2020 filed on Edgar and SEDAR.Represents the portion attributable to us from our 49% interest in the San José Mine.Both cash costs and AISC per GEO no longer represent key metrics used by management to evaluate residual leaching at the El Gallo Project. For this reason, the Company has ceased relying on, and disclosing, cash costs and all-in-sustaining costs per ounce as a key metric. For the SEC Form 10-Q Financial Statements and MD&A refer to: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000314203 Conference Call and Webcast Management will discuss our Q1 2021 financial results and project developments and follow with a question-and-answer session. Questions can be asked directly by participants over the phone during the webcast. To call into the conference call over the phone, please regis ter here: Monday, May 10th, 2021http://www.directeventreg.com/registration/event/2562066 at 11:00 am EDT Audience URL: https://event.on24.com/wcc/r/3082266/913742C4F6945BAA9039EE61980F124A The webcast will be archived on McEwen Mining's website at https://www.mcewenmining.com/media following the call. COVID-19 All our operations have implemented rigorous health and safety measures to prevent the spread of the COVID-19 virus. Currently, the COVID-19 pandemic is not materially affecting our operations, or our future plans and objectives. Reliability of Information Regarding San JoséMinera Santa Cruz S.A., the owner of the San José Mine, is responsible for and has supplied to the Company all reported results from the San José Mine. McEwen Mining's joint venture partner, a subsidiary of Hochschild Mining plc, and its affiliates other than MSC do not accept responsibility for the use of project data or the adequacy or accuracy of this release. Technical InformationThe technical contents of this news release have been reviewed and approved by G. Peter Mah, P.Eng., COO of McEwen Mining and a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 "Standards of Disclosure for Mineral Projects." CAUTIONARY NOTE REGARDING NON-GAAP MEASURESIn this release, we have provided information prepared or calculated according to United States Generally Accepted Accounting Principles ("U.S. GAAP"), as well as provided some non-U.S. GAAP ("non-GAAP") performance measures. Because the non-GAAP performance measures do not have any standardized meaning prescribed by U.S. GAAP, they may not be comparable to similar measures presented by other companies. Cash Costs and All-in Sustaining CostsCash costs consist of mining, processing, on-site general and administrative costs, community and permitting costs related to current operations, royalty costs, refining and treatment charges (for both doré and concentrate products), sales costs, export taxes and operational stripping costs, and exclude depreciation and amortization. All-in sustaining costs consist of cash costs (as described above), plus accretion of retirement obligations and amortization of the asset retirement costs related to operating sites, sustaining exploration and development costs, sustaining capital expenditures, and sustaining lease payments. Both cash costs and all-in sustaining costs are divided by the gold equivalent ounces sold to determine cash costs and all-in sustaining costs on a per ounce basis. We use and report these measures to provide additional information regarding operational efficiencies on an individual mine basis, and believe that these measures provide investors and analysts with useful information about our underlying costs of operations. A reconciliation to production costs applicable to sales, the nearest U.S. GAAP measure is provided in McEwen Mining's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021. Cash Gross ProfitCash gross profit is a non-GAAP financial measure and does not have any standardized meaning under GAAP. We use cash gross profit to evaluate our operating performance and ability to generate cash flow; we disclose cash gross profit as we believe this measure provides valuable assistance to investors and analysts in evaluating our ability to finance our ongoing business and capital activities. The most directly comparable measure prepared in accordance with GAAP is gross profit or loss. Cash gross profit is calculated by adding back the depreciation and depletion expense to gross profit or loss. A reconciliation to gross profit, the nearest U.S. GAAP measure is provided in McEwen Mining's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021. Liquid assetsThe term liquid assets used in this report is a non-GAAP financial measure. We report this measure to better understand our liquidity in each reporting period. Liquid assets is calculated as the sum of the Balance Sheet line items of cash and cash equivalents, restricted cash and investments, plus ounces of doré held in precious metals inventories valued at the London PM Fix spot price at the corresponding period. A reconciliation to the nearest U.S. GAAP measure is provided in McEwen Mining's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021. CAUTION CONCERNING FORWARD-LOOKING STATEMENTSThis news release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as at the date of this news release, McEwen Mining Inc.'s (the "Company") estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements and information. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, effects of the COVID-19 pandemic, fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated with foreign operations, the ability of the corporation to receive or receive in a timely manner permits or other approvals required in connection with operations, risks associated with the construction of mining operations and commencement of production and the projected costs thereof, risks related to litigation, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves, and other risks. Readers should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date hereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See McEwen Mining's Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and other filings with the Securities and Exchange Commission, under the caption "Risk Factors", for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement. The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by the management of McEwen Mining Inc. ABOUT MCEWEN MINING McEwen Mining is a diversified gold and silver producer and explorer focused in the Americas with operating mines in Nevada, Canada, Mexico and Argentina. It also owns a large copper deposit in Argentina. CONTACT INFORMATION: Investor Relations:Website: www.mcewenmining.com 150 King Street West(866)-441-0690 Toll Free Suite 2800, P.O. Box 24(647)-258-0395Facebook: facebook.com/mcewenmining Toronto, ON, Canada Facebook: facebook.com/mcewenrob M5H 1J9Mihaela Iancu ext. 320 Twitter: twitter.com/mcewenmining info@mcewenmining.com Twitter: twitter.com/robmcewenmux Instagram: instagram.com/mcewenmining