McEwen Mining Regains Compliance with NYSE Listing Requirements

McEwen Mining Inc. (TSX:MUX,NYSE:MUX) announced that the NYSE has notified it that it’s regained compliance with the exchange’s continued listing standards.
Rob McEwen, chief owner of McEwen Mining, commented:

This is wonderful news and it highlights our strong operational performance in 2015, where we increased our gold/silver production, decreased our production cost/oz., generated free cash flow and steadily built our treasury over the year. Also, during the year we declared and paid our first ever semi-annual capital distribution.  Our share price appreciation since July, 2015 reflects the value in exercising financial discipline and resisting the temptation to finance at the bottom of the market. We refused to give away our future upside. We have not and will not sell metal streams, sell royalties or hedge our future production. At this time, we are debt free, we have $33 million in cash and bullion.  As you can see, we have no pressure on our balance sheet and we will be paying our second capital distribution on February 12^th. This is a great way to start 2016.

Click here to read the full McEwen Mining Inc. (TSX:MUX,NYSE:MUX) press release.