McEwen Mining Inc. announced production results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported ore production of 128,940 tones against 136,577 tones a year ago. Average grade gold was 6.00 gpt against 5.24 gpt a year ago. Average head silver was 422 gpt against 402 gpt a year ago. Average gold recovery was 90.4% against 91.1% a year ago. Average silver recovery was 88.3% against 87.9% a year ago. Gold produced was 22,498 ounces against 20,967 ounces a year ago. Silver produced was 1,544,917 ounces against 1,552,000 ounces a year ago. Gold equivalent produced was 52,208 ounces against 50,813 ounces a year ago.

For the year, the company reported ore production of 509,851 tones against 462,825 tones a year ago. Average grade gold was 5.79 gpt against 5.86 gpt a year ago. Average head silver was 417 gpt against 444 gpt a year ago. Average gold recovery was 90.4% against 92.9% a year ago. Average silver recovery was 87.0% against 88.8% a year ago. Gold produced was 85,768 ounces against 80,948 ounces a year ago. Silver produced was 5,952,534 ounces against 5,869,564 ounces a year ago. Gold equivalent produced was 200,240 ounces against 193,824 ounces a year ago.

The company announced that production in 2013 is forecasted to grow by 24% to 130,000 gold eq. oz (72,310 gold oz and 3,000,000 silver oz) with production coming from 2 mines: San Jose and El Gallo 1. El Gallo 1 in Mexico commenced commercial production on January 1, 2013. The company's share of production from San Jose in 2013 is forecasted at 102,700 gold eq. oz (45,000 gold oz and 3,000,000 silver oz).