TORONTO, Oct. 21, 2015 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) ("McEwen Mining" or the "Company") 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 [...]
TORONTO, ONTARIO--(Marketwired - Oct 1, 2015) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) today announces that Perry Ing, VP & CFO, will be resigning on October 30, 2015. Internal and external candidates for this role are currently being considered. "We wish to thank Perry for his significant contribution our growth from an exploration company to a 150,000 ounce gold equivalent producer, and wish him well in his new [...]
TORONTO, ONTARIO--(Marketwired - Oct 1, 2015) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is pleased to announce its intention to commence a share repurchase program that authorizes the Company to purchase up to 15,000,000 shares of its common stock (the "Common Shares") over a twelve month period. Management and the Board of Directors believe that prevailing market conditions have resulted in McEwen Mining's shares being [...]
TORONTO, ONTARIO--(Marketwired - Sep 9, 2015) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX), is pleased to announce that it has increased its production guidance for 2015 to 150,000 gold equivalent ounces from 138,000. This increase is the result of higher grades and better recoveries at our El Gallo Mine. The El Gallo Mine is now forecast to produce 62,000 gold equivalent ounces in 2015, versus the earlier guidance of 50,000 [...]
TORONTO, ONTARIO--(Marketwired - Aug 5, 2015) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) ("McEwen Mining" or the "Company") is pleased to report our financial and operating results for the three months ended June 30th, 2015(1). The Company had record quarterly production of 39,164 gold equivalent ounces and reported cash flow from operations of approximately $6 million or $0.02 per share. The El Gallo Mine in Mexico was the [...]
McEwen Mining President Rob McEwen Speaks with ABN Newswire via Skype about the recent increase in grade and lower cost of production at the company's Gold mining operation in Mexico. To view the video interview, please visit. About McEwen Mining The goal of McEwen Mining is to qualify for the S&P 500 by creating a high growth gold/silver producer focused in the Americas. McEwen Mining's principal assets consist of the [...]
TORONTO, ONTARIO--(Marketwired - July 16, 2015) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) ("McEwen Mining" or the "Company") is pleased to announce it has received reimbursement for approximately 80% of the fair value of the loss due to the robbery that occurred on April 7th, 2015 at the El Gallo Mine. Consequently, the financial impact of the robbery is reduced to approximately US$1.6 million, and McEwen Mining now has [...]
TORONTO, ONTARIO--(Marketwired - Jul 15, 2015) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) ("McEwen Mining" or the "Company") is pleased to announce record quarterly production at the El Gallo Mine in Mexico of 17,325 gold equivalent ounces1, 15% above guidance for the quarter. On a consolidated basis, gold production for the quarter was 39,164 gold equivalent ounces1. Highlights Record quarterly production at the El Gallo [...]
Gold Miner McEwen Mining announced today that it has fallen below the New York Stock Exchange continued listing requirement related to the price of its common stock. Rob McEwen Chief Owner said "We do not believe that McEwen Mining's current share price is reflective of the true value of the Company's assets. Our share price has been under pressure as a result of the decline in gold and silver prices and a general [...]
TORONTO, ONTARIO--(Marketwired - Jul 2, 2015) - McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) announced today that it has fallen below the New York Stock Exchange ("NYSE") continued listing requirement related to the price of its common stock. The NYSE requires that the average closing price of a listed company's common stock be above US$1.00 per share, calculated over a period of 30 consecutive trading days. The Company was [...]
TORONTO, ONTARIO--(Marketwired - Jun 23, 2015) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is pleased to announce that production at the El Gallo Mine has exceeded our guidance for the second quarter. With approximately 15,600 gold equivalent ounces produced so far in Q2, this marks the third consecutive quarter of record production at the El Gallo Mine. Our production in Q1 this year totaled 15,391 gold equivalent ounces [...]
TORONTO, ONTARIO--(Marketwired - Jun 18, 2015) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is extremely pleased to announce that as part of the Company's long-term strategy to maximize shareholder value, it will pay an annual dividend of $0.01 per share* which represents a yield of approximately 1% based on the current share price. The dividend will be paid on a semi-annual basis. Our inaugural dividend installment of $0.005 [...]