checkAd

     350  0 Kommentare McEwen Mining Initiates Dividend Distribution

    TORONTO, ONTARIO--(Marketwired - June 18, 2015) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is extremely pleased to announce that as part of the Company's long-term strategy to maximize shareholder value, it will pay an annual dividend of $0.01 per share* which represents a yield of approximately 1% based on the current share price. The dividend will be paid on a semi-annual basis.

    Our inaugural dividend installment of $0.005 per share* will be paid on August 17, 2015 to shareholders of record on July 31, 2015. The second semi-annual dividend installment will occur in February 2016.

    The dividend policy is made possible by our improving operational performance and growing cash reserves. The philosophy behind the dividend is to pay an economic rent to our shareholders while we strive to build our asset and share value.

    "This is a major milestone for McEwen Mining. We have progressed to a point where we have strong enough cash flow to pay a dividend. As the major shareowner, I will be reinvesting my dividend in our company as I believe our current share price represents excellent value!" said Rob McEwen, Chief Owner.

    * Dividends will be paid to common shareholders of McEwen Mining Inc. and to holders of the exchangeable shares of its publicly traded Canadian subsidiary McEwen Mining - Minera Andes Acquisition Corp. (TSX:MAQ). The dividend has been approved by the Board of Directors and is payable from additional paid-in capital. All amounts are stated in United States Dollars.

    ABOUT MCEWEN MINING (www.mcewenmining.com)

    The goal of McEwen Mining is to qualify for the S&P 500 by creating a high growth gold/silver producer focused in the Americas. McEwen Mining's principal assets consist of the San José mine in Santa Cruz, Argentina (49% interest), the El Gallo 1 mine and El Gallo 2 project in Sinaloa, Mexico, the Gold Bar project in Nevada, USA, and the Los Azules copper project in San Juan, Argentina.

    As of June 18, 2015 McEwen Mining has an aggregate of 300,530,174 shares of common stock outstanding and issuable upon the exchange of the exchangeable shares. Rob McEwen, Chairman and Chief Owner, owns 25% of the shares of the Company (assuming all outstanding Exchangeable Shares are exchanged for an equivalent amount of Common Shares).

    Seite 1 von 3



    Verfasst von Marketwired
    McEwen Mining Initiates Dividend Distribution TORONTO, ONTARIO--(Marketwired - June 18, 2015) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is extremely pleased to announce that as part of the Company's long-term strategy to maximize shareholder value, it will pay an annual dividend of $0.01 per …