News

McEwen posts profit of $13 million in 1st quarter

TORONTO – TORONTO (AP) _ McEwen Mining Inc. (MUX) on Thursday reported first-quarter net income of $13 million.

The Toronto-based company said it had net income of 4 cents per share.

The gold and silver mining company posted revenue of $21.2 million in the period.

The company’s shares closed at $2.46. A year ago, they were trading at $1.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MUX at http://www.zacks.com/ap/MUX

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Keywords: McEwen, Earnings Report