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LOS ANGELES, CA - (NewMediaWire) - August 14, 2024 - McEwen Mining (NYSE: MUX) (TSX: MUX), an asset rich diversified gold and silver producer in the Americas with a large exposure to copper through its subsidiary McEwen Copper, released its second-quarter and half-year 2024 financial results for the period ended June 30, 2024, along with key updates regarding the current mining situation in Argentina and infill drilling results at its Los Azules project.

• This has been the company's most profitable quarter in the last eight years, according to CEO Rob McEwen

• Revenue was up 38%, driven by an increase in gold prices and the amount of gold equivalent ounces sold

• Infill drilling at Los Azules copper project has been completed, confirming the geological model and the high-grade zone

• New Argentinian legislation designed to facilitate foreign investment is expected to significantly improve the economics of the Los Azules project and lower risks for investors

According to CEO and Chairman Rob McEwen during a conference call discussing the financial results, this has been the company's most profitable quarter since 2016, with revenue growing by 38% and overall production costs expanding by 8% quarter-over-quarter. Higher revenues, driven by a

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Forward-Looking Statements

Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law.