McEwen Mining Announces Stock Repurchase Program

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Go back to McEwen Mining Announces Stock Repurchase Program

Mcewen Mining (MUX) Approves 15M Share Common Stock Buyback Plan

October 1, 2015 4:49 PM EDT

Mcewen Mining (NYSE: MUX) announced its intention to commence a share repurchase program that authorizes the Company to purchase up to 15,000,000 shares of its common stock (the "Common Shares") over a twelve month period.

Management and the Board of Directors believe that prevailing market conditions have resulted in McEwen Mining's shares being undervalued, and the stock repurchase program is an opportunity to minimize the adverse effects of market volatility and recapture value for shareholders. The repurchase plan is indicative of McEwen Mining's commitment to enhancing shareholder value.

Purchases of Common... More