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Toronto, April 7, 2014 AEST (ABN Newswire) - 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. In addition, McEwen Mining is owed $11.6 million from the Mexican government in the form of a tax refund. The Company believed the refund would have been received by year-end. Due to delays by the Mexican government, the Company now expects to receive all or part of the refund in Q2. Subsequent to year-end McEwen Mining received $4.0 million in dividends from the San José mine with the majority having been repatriated back to the Company's head office in Canada.

Major expenditures in Q4 included $0.7 million for the El Gallo 1 mine expansion, $2.8 million in exploration costs, $0.5 million in annual land payments and $3.1 million in general and administrative expenses.

President Ian Ball provides a video of the company performance, to view, please visit:
http://www.abnnewswire.net/press/en/76880/mcewen


About McEwen Mining

McEwen Mining NYSE:MUXThe goal of McEwen Mining is to qualify for inclusion in the S&P 500 by creating a profitable gold producer focused in the Americas. McEwen Mining's principal assets consist of the gold/silver San José mine in Santa Cruz, Argentina (49% interest); the El Gallo complex in Sinaloa, Mexico; the Gold Bar project in Nevada, US; the Los Azules copper project in San Juan, Argentina. McEwen Mining has 305 million shares fully diluted at March 9, 2015. Rob McEwen, Chairman, and Chief Owner, owns 25% of the shares of the Company.


Contact

McEwen Mining
T: +1-647-258-0395
F: +1-647-258-0408
E: info@mcewenmining.com
WWW: www.mcewenmining.com


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