McEwen Mining Inc

McEwen Mining Inc (NYSE:MUX) (TSE: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 totalled 15,391 gold equivalent ounces with year-to-date production of approximately 31,000 gold equivalent ounces.

McEwen Mining Inc. (NYSE:MUX) (TSE: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.

McEwen Mining Inc. (NYSE:MUX) (TSE:MUX) is pleased to announce drill results that we expect will extend the mine life and improve the gold grade of El Gallo 1. Drilling is ongoing and an updated resource estimate for El Gallo 1 will be released in Q3 2015.

McEwen Mining Inc. (NYSE:MUX) (TSE:MUX) reports gold production increased 23% and silver production decreased 10% in Q1 2015 vs Q1 2014. Gold and silver recoveries were artificially low as a result of the recent gold theft and will return to normal in Q2. Production costs for Q1 2015 will be reported with the quarterly financial results in early May 2015.

The Company had record production in the fourth quarter and full-year 2014, beating both production and cost guidance. The strong operational performance in the fourth quarter is projected to continue throughout 2015.

McEwen Mining Inc. (NYSE:MUX) (TSE:MUX) has subscribed, by way of a private placement, 8,333,333 common share units (the "Units") of Visible Gold Mines Inc.

McEwen Mining's (NYSE:MUX) (TSE:MUX) Chief Owner, Rob McEwen, along with members of senior management, will be hosting a conference call Thursday May 8, 2014 at 11 AM EDT to provide the Q1 2014 Company update.

At December 31, 2013, McEwen Mining (TSE:MUX) (NYSE:MUX) had cash and liquid assets of $25.6 million, comprised of cash totaling $24.3 million and gold and silver of $1.3 million. The Company remains debt free.

McEwen Mining Inc. (NYSE:MUX) (TSE:MUX) is pleased to announce an updated mineral reserve and resource estimate for the San Jose mine (49% owned by McEwen Mining), located in Santa Cruz province, Argentina.

McEwen Mining's (NYSE:MUX) (TSE:MUX) Chief Owner, Rob McEwen, along with members of senior management, will be hosting a conference call Tuesday March 11, 2014 at 11 AM EST to provide the Q4 and full-year 2013 Company update.