El Gallo Mine Production Continues To Increase

TORONTO – McEwen Mining Inc. reported that the El Gallo Mine, Mexico production in Q3 2015 was higher at 19,558 gold equivalent ounces as a result of higher grade ore being mined and placed on the leach pad in Q2 and Q3, and continued strong operational performance. In the first nine months of 2015, El Gallo produced 52,270 gold equivalent ounces, compared to 24,320 gold equivalent ounces during same period in 2014. Full year guidance for El Gallo was revised higher in September to 62,000 gold equivalent ounces.

The company has overall record total production for the third quarter, and the first nine months of 2015, of 43,390 and 115,988 gold equivalent ounces respectively.

At the San Jose in Argentina the attributable production from San Jose in Q3 was 12,201 gold ounces and 872,273 silver ounces, or 23,832 gold equivalent ounces. Compared to Q3 2014, gold and silver production was up 8% and 16% respectively. Full year guidance for San Jose remains at 46,500 gold ounces and 3.1 million silver ounces, or 88,000 gold equivalent ounces.