TORONTO, March 11, 2016 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to report consolidated financial results for the fourth quarter and year ended December 31, 2015. During the year McEwen Mining achieved record production of 154,529 gold equivalent ounces(1) and earnings from mining operations of $53.1 million(2)(4). Net cash flow generated from operating activities in 2015 was $15.6 million [...]
TORONTO, Feb. 24, 2016 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce that it has completed the purchase of the Afgan-Kobeh property in Nevada for $450,000 in cash. Afgan-Kobeh is an attractive acquisition for McEwen Mining because it hosts a near surface, oxide gold resource in close proximity to our Gold Bar Complex which is expected to begin development in 2017. The objective is to [...]
TORONTO, Feb. 02, 2016 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce receipt of notification from the New York Stock Exchange (the “NYSE”) that it has regained compliance with the NYSE’s continued listing standards regarding the minimum price of its common stock. Chief Owner, Rob McEwen, stated: “This is wonderful news and it highlights our strong operational [...]
TORONTO, Jan. 13, 2016 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce record annual production in 2015, solid fourth quarter production results, and the outlook for 2016. Highlights 22% increase in production year-over-year to 154,529 gold equivalent ounces(1) in 2015. New pro-business government elected in Argentina, positive policy changes already enacted. 4.2 grams per tonne (gpt [...]
TORONTO, Jan. 04, 2016 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce the appointment of Colin Sutherland as its President. Colin will be responsible for the financial and operational performance of the Company. Rob McEwen will remain the Chairman and CEO. Colin is a Chartered Professional Accountant with over 20 years of financial and operational experience. Most recently he served as [...]
TORONTO, Dec. 15, 2015 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce that Andrew Elinesky has been promoted to Senior Vice President & Chief Financial Officer, and Andrew Iaboni has been promoted to Vice President, Finance. “I’m delighted to announce these two key appointments. Andrew Elinesky and Andrew Iaboni bring a great deal of knowledge and experience about our [...]
TORONTO, Dec. 7, 2015 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to report that it has filed the report entitled "NI 43-101 Technical Report Gold Bar Project Feasibility Study, Eureka County, Nevada" ("Feasibility Study") on SEDAR (www.sedar.com). The Feasibility Study will also be available on McEwen Mining's website (www.mcewenmining.com). Summary results from the Feasibility Study were [...]
TORONTO, Nov. 25, 2015 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) would like to update investors on our plans to regain compliance with the New York Stock Exchange (NYSE) minimum share price requirement. The NYSE stipulates that the average closing price of a listed company's stock be above US$1.00 per share, calculated over a period of 30 consecutive trading days. The Company was advised on July 1, 2015 [...]
TORONTO, Nov. 6, 2015 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX), announces that while it is continuing to consider internal and external candidates for the position of Chief Financial Officer, the Board of Directors has appointed Rob McEwen as Interim Chief Financial Officer. ABOUT MCEWEN MINING (www.mcewenmining.com) The goal of McEwen Mining is to qualify for the S&P 500 by creating a high growth [...]
TORONTO, Nov. 5, 2015 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to report record quarterly production of 43,390 gold equivalent ounces(1) and earnings from mining operations of $13.4 million(2)(4) for the three months ended Sept. 30th, 2015. The El Gallo Mine in Mexico was the star performer in the quarter, producing at total cash costs and all-in sustaining costs (AISC) per gold equivalent [...]
TORONTO, Oct. 27, 2015 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce record total production for the third quarter, and the first nine months of 2015, of 43,390 and 115,988 gold equivalent ounces(1) respectively. The star performer during the quarter was the El Gallo Mine. Highlights Total Q3 2015 production was of 43,390 gold equivalent ounces(1), an increase of 54% over Q3 2014. For [...]
McEwen Mining is pleased to announce results of a Feasibility Study (FS) for its 100% owned Gold Bar Project in Nevada. The key outcomes of the study include: Low initial capital of $60 million; Attractive IRR of 20% at current gold price; Average annual gold production of 65,000 oz; and Estimated average cash cost of $728/oz. The FS was prepared by SRK Consulting Inc. (SRK) of Reno, Nevada in accordance with the [...]
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