McEwen Mining Inc (MUX)

[JD400]

$MUX McEwen Mining Operations Performing Better

December 21, 2022

Production Up, Costs per Ounce Down

TORONTO, Dec. 21, 2022 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to report our production for October and November along with our forecast for 2022 and guidance for 2023. The bottom line, production is increasing and costs per ounce are falling.

“As we end 2022, we would like to give our shareholders an update on our recent production results and costs which illustrate the turnaround we are executing as well as our guidance for 2023. We had a difficult start to 2022 but it is clear that we are trending up and in the right direction as we move into the new year.” said Rob McEwen, Chairman and Chief Owner.

Table 1 below provides production and cost results for 2021, October and November 2022, full year 2022 forecast, our production guidance range for full year 2022, and 2023 guidance.

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https://www.mcewenmining.com/investor-relations/press-releases/press-release-details/2022/McEwen-Mining-Operations-Performing-Better/default.aspx