El Gallo 1 Mine Expansion Nears Completion

TORONTO, ON - McEwen Mining Inc. reported that the expansion of the El Gallo 1 mine in Sinaloa State, Mexico is scheduled to be completed by early April. The expansion is approximately three months ahead of schedule and capital costs are expected to total US$3 million versus the US$5 million originally budgeted. Production is anticipated to grow from 37,500 oz. gold this year to 75,000 oz. gold in 2015. Commissioning is expected to commence during Q2, with the expansion fully operational during the second half of the year.  El Gallo 1 is being expanded from 3,000 tones per day (tpd) to 4,500 tpd. In addition to the expansion, gold grades are expected to increase starting in 2015 from approximately 1.1 gpt to 2.0 gpt.