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McEwen Mining Reports 2016 Full Year and Q4 Results

McEwen Mining Inc. (MUX) 
Last mcewen mining inc. earnings: 3/16 05:01 pm Check Earnings Report
Company Research Source: GlobeNewswire
TORONTO, March 01, 2017 (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, 2016. During the year McEwen Mining achieved production of 145,530 gold equivalent ounces(1). Net cash flow generated from operating activities in 2016 was $25.2 million.(2) On February 27, 2017, the Company had cash, cash equivalents and precious metals of approximately $55.2 million and no debt. Our year end conference call will occur tomorrow at 11am, EST. Details are provided at the end of this news release. “On many important fronts, 2016 was a good year for McEwen Mining. We generated significantly higher cash flow and earnings per share despite producing 6% fewer ounces. We grew our treasury by 84% without resorting to equity financing, or sale of  metal streams, or royalties, or taking on debt. Looking forward into 2017, our next chapter of growth begins. Pending government approval we are Show less Read more
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