Mines Management Inc (MGN)

[stocktrader1]

Sounds great! Should be all good from here!!

[cjstocksup]

MGN churned big time in the .60 to .69 range this AM on big volume. Thinking tomorrow we break .70 and go for the 52 week high break.

[cjstocksup]

MGN~

Big news. All mining permits now in place! We should see a nice move up on Tuesday!

[cjstocksup]

MGN has more than doubled it has more than 200% recently. That was a nice 50K buy there on the ask just now. Largest trade of the day. They also have all the permits now. That is why today we see a volume increase. IMO we will not be below $1.00 for long. Check the 3 year charts. Looking for a new 52 week high ahead on the charts.
JMO

[Montanore]

This has quietly doubled in price in a short amount of time. It should start showing up on a lot of radars.

If silver ever runs again, this will easily go back up to multiple bucks because they have a lot of silver in the ground.

[cjstocksup]

MGN hit .69 this AM with ease. I think we will be looking at new 52 week highs ahead soon on the charts.

[stocktrader1]

Big news. All mining permits now in place! We should see a nice move up on Tuesday!

[Montanore]

.16 to .40 in a week. Not too shabby. I wonder what's going on?

[Montanore]

On October 6, 2015, Mines Management, Inc. (the “Company”) entered into a Bill of Sale of Equipment with Amalgamated Mining Inc. (“Amalgamated Mining”) pursuant to which the Company sold certain mining equipment to Amalgamated Mining for $1.25 million on an “as is” basis.

This isn't really good news, but MGN needs to keep making payroll to the owners.

[Montanore]

At an all-time low today. OTC is where its headed....no way will this be going to a buck any time soon.

[willlbone]

Delisting warning.

[Montanore]

MGN needs to hold at this level...

[stocktrademan]

$MGN recent news/filings

bullish
good green volume
breaking out over resistance
bullish divergence

## source: finance.yahoo.com

Fri, 15 May 2015 17:37:55 GMT ~ MINES MANAGEMENT INC Files SEC form 10-Q, Quarterly Report


read full: http://biz.yahoo.com/e/150515/mgn10-q.html
*********************************************************

Thu, 14 May 2015 22:27:21 GMT ~ Commission Report Concludes No Compensation is Due to Claimholders in Area of The Montanore Project

[at noodls] - COMMISSION REPORT CONCLUDES NO COMPENSATION IS DUE TO CLAIMHOLDERS IN AREA OF THE MONTANORE PROJECT May 14, 2015 Spokane, Washington - May 14, 2015 - MINES MANAGEMENT, INC. (NYSE-MARKET: 'MGN', TSX: 'MGT'; ...

read full: http://www.noodls.com/view/50750B1C4E17A7256CC3E8A08BBDE1CB4A78FB6E
*********************************************************

Thu, 14 May 2015 22:06:24 GMT ~ Commission Report Concludes No Compensation Is Due to Claimholders in Area of the Montanore Project

[GlobeNewswire] - SPOKANE, Wash. -- MINES MANAGEMENT, INC. (NYSE-MARKET: "MGN", TSX: "MGT"; the "Company") is pleased to announce that a three member commission, appointed by the Federal District ...

read full: http://finance.yahoo.com/news/commission-report-concludes-no-compensation-220624091.html
*********************************************************

Thu, 14 May 2015 21:43:01 GMT ~ Mines Management Inc. Commission Report Concludes No Compensation is Due to Claimholders in Area of The Montanore Project

[GlobeNewswire] - Spokane, Washington - May 14, 2015 - MINES MANAGEMENT, INC. (NYSE-MARKET: "MGN", TSX: "MGT"; the "Company") is pleased to announce that a three member commission, appointed ...

read full: http://finance.yahoo.com/news/mines-management-inc-commission-report-214301374.html
*********************************************************

Mon, 27 Apr 2015 00:14:01 GMT ~ 10-K for Mines Management, Inc.


read full: http://www.companyspotlight.com/routers/headline/27329/10004/6471151?cp_code=YAH1&1430093641
*********************************************************

$MGN charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$MGN company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/MGN/company-info
Ticker: $MGN
OTC Market Place: Not Available
CIK code: 0000066649
Company name: Mines Management, Inc.
Company website: http://www.minesmanagment.com
Incorporated In: ID, USA
$MGN share structure

## source: otcmarkets.com

Market Value: $20,273,547 a/o May 15, 2015
Shares Outstanding: 29,814,040 a/o Nov 14, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01

$MGN extra dd links

Company name: Mines Management, Inc.
Company website: http://www.minesmanagment.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/MGN/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/MGN/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=MGN+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=MGN+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=MGN+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/MGN/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/MGN/news - http://finance.yahoo.com/q/h?s=MGN+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/MGN/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/MGN/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/MGN/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/MGN/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/MGN/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/MGN/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/MGN/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/MGN/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=MGN+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/MGN
DTCC (dtcc.com): http://search2.dtcc.com/?q=Mines+Management%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Mines+Management%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Mines+Management%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.minesmanagment.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.minesmanagment.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.minesmanagment.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/MGN/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/MGN
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/MGN/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/MGN/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/MGN/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000066649&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/MGN/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/MGN/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/MGN/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/MGN/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=MGN&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=MGN
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/MGN/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=MGN+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=MGN+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=MGN
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=MGN
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=MGN+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/MGN/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=MGN+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/MGN.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=MGN
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/MGN/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/MGN/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/MGN/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/MGN/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/MGN
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/MGN
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/MGN:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=MGN
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=MGN



$MGN DD Notes ~ http://www.ddnotesmaker.com/MGN

[JohnCM]

[Montanore]

As gold and silver continue to get shellacked, there is no real hope. No hope until gold and silver prices start rising again. The speculative ones such as MGN will go up too...

[Betterthanyou]

Any hope for this one? Seems to be oversold?

[tre55]

.65

[Montanore]

I thought it looked over-bought in the short term. This is a sleeper and had been going up nicely without a lot of attention.

[c0llin]

Anyone have thoughts on if this holds its channel short term, or is this headed for a further major correction? $1.19 area? Sub $1? A bit uneasy how quickly it was pushed down today.

[cyberstan]

Ask €2,98 Lets go.!!!

[shifty50]

MGN moving higher this week

[shifty50]

the report seems like all good news

[tre55]

Kicking myself for not buying @ .50 lucky for those who did

[cyberstan]

€3 end of the week.!!

[cyberstan]

She's on the run

[Louis Rukeyser]

Mines Management Opportunity
(Ticker: MGN)
Silver Stock Report
by Jason Hommel, February 26, 2014

Mines Management. I own shares. The company has not paid me to write this article. That means I benefit financially only if my investment does well.

Some people think Mines Management is "too good to be true".

I know there is a lot of bad sentiment in the sector. Many people seem to be experiencing fear, doubt, anger at the losses over the last three years of a bear market in the gold and silver sector. These feelings are typical of market bottoms, because no good money has been made in silver stocks in quite some time.

This goes to show that it is a perfect time to buy, despite the quick gains across the silver stock sector last month.

I think the opportunity in Mines Management exists due to several bigger picture trends and events, company events, and things related to my own situation.

So, why does this great investment opportunity in MGN exist?

Mines Management's Montanore project was not economic back when silver prices were $5/oz., and their major partner Noranda walked away from the project. Their ore contained $10 of silver per metric tonne, and about $10-15 of copper. But with processing costs at $20/tonne, the project was big, but not viable.

This left a tiny market cap, (but publicly trading) company in full 100% ownership of a major silver project.

This created an unusual opportunity for investors. The public could actually buy into a piece of the action, if they believed that silver prices would go up.

Sometimes, these great silver projects are owned by majors, such as BHP Billiton, a $188 billion dollar company, or they are owned by private corporations or individuals, which means that an investment chance like this would never exist.

But when silver prices began to move up from 2003, then things got exciting.

So, investors jumped into Mines Management, driving the stock price up from under $1/share to $6-9/share between 2004 to 2006.

By 2008, there was a market crash in silver from $20 back down to $9 and the collapse of brokerage houses led to a loss of faith in the entire financial system by precious metals investors who are more sensitive to, and aware of, impending bankruptcies than typical investors. So the stock collapsed along with nearly all other silver stocks.

This led Mines Management stock to drop to $1.40 by 2009.

Mines Management stock peaked again up to $4.18/share in 2011 when silver flirted with the $50/oz. mark. But I was running my coin shops, and I did not participate either in investing or promoting silver stocks at that time. I was too busy. And perhaps too sour on my own investing experience, as I lost a lot of money in the 2008 crash.

Since 2011, silver has been in a bear market, losing value for nearly three years now. And Mines Management stock has dropped along with that decline.

And investors lose patience, and count opportunity costs, and get discouraged, and chase the latest trends, and forget things.

I think they forgot that silver at $20/oz. today is not like silver at $5/oz.!

And it seems silver stock investors forgot that what was once barely economic and barely profitable at $5/oz. is now wildly profitable and wildly economic with silver at $20.

Also, over the last ten years, copper prices have dramatically increased from about $1/lb. to over $3/lb.

Another key reason that Mines Management looks great today is that Mines Management did not excessively sell shares like a lot of other companies did in the last ten years. Excessive share selling can hurt a stock because it increases the market capitalization too much and puts too much cash into company pockets that is not always needed right away to move a project forward.

Some complain that Mines Management must be a fraudulent company, perhaps because the project is taking too long. But it is normal for projects to take a long time in the mining industry, especially when prices for the things they produce are not very stable. Mines Management is projected to have a 30 year mine life. It is important to not get into production too soon.

Other silver companies made this mistake of going into production too soon, notably Apex Silver and Sterling Silver, and they both went bankrupt.

If silver prices are headed back to $5/oz., then Mines Management's project is dead. (And that's not going to happen!) If $20/oz. is the new base and the new low for another massive move up to $50 to $100/oz., then those who invest in Mines Management stock today will be in a much better position than those who bought MGN stock at $1.25/share back in 2003, who then saw the stock rise to $6-9 share in one to four years.

Instead, people who buy MGN today at $1.20/share will likely see the stock rise to $5 to $10/share quite quickly. Or, at least, more quickly than it moved last time in the 2003-2004 time frame.

What I really like about MGN today is that silver prices don't need to move to make the company wildly profitable. $20 is just fine.

I also like that company insiders hold so much stock. This tells me that they believe in the company.

http://finance.yahoo.com/q/mh?s=MGN+Major+Holders

Glenn Dobbs holds over 1.7 million shares as of Nov 20, 2013. This means that his interests are mostly likely going to be aligned with shareholders.

I also like the Institutional Holders listed. I like Sprott Inc, and Cambridge Investment Research Advisors--they both promote mining companies!

It seems that it's either silver industry insiders, or big money outsiders are among the top ten institutional holders. Many of the big money outsiders are multi billion dollar funds. Any one of them could step up and provide the funding, either in part or in whole, to finance the company's mine construction needs going forward.

AQR Capital Management, LLC has $92 billion under management.

Northern Trust has assets of $97 billion, and manages $807 billion.

Calpers manages $257 billion

Vanguard Group, Inc. (The) manages $2 trillion.

Bank of New York Mellon Corporation has $1.4 trillion in assets under management and $27 trillion in assets under custody and administration.

See the list of major holders here: http://finance.yahoo.com/q/mh?s=MGN+Major+Holders

For such a tiny market cap company of $33 million, to have come to the attention of all of these large funds, enough for them to actually buy stock, is impressive and noteworthy. I can imagine a newsletter writer starting out with a headline, "Find out which tiny market cap silver mining stock 5 different multi billion dollar funds must own."

Sincerely,

Jason Hommel

http://campaign.r20.constantcontact.com/render?llr=lyiszpbab&v=001p_xH-twv5vVdiNUkNX9aCkGT31d0SBRsQ7ObHywZjNbDa4LlqB4XFOv7biofXL9XVMhUyz0VOni4V2toFGQpnLBb-rAJ6gW0XuGuVepWp1bwpwNt6qcT-w%3D%3D

[moxy7]

MGN: $1.00 TO $ 5.00 To~~? Will Be a Fun Ride. Accumulate the Dips GLA..

[zigland]

Not much chatter on here for an 60 day 80% increase cherry

[zigland]

So obvious that I didn't even notice, thanks for the assistance

[Louis Rukeyser]

zigland said,

What changed

A typographical error.

First press release:
In addition, the USFWS has issued a letter to Congressman Steve Daines and Congressman Doc Hastings (Chairman of the House Natural Resource Committee) indicating that the agency is targeting March 31, 2104 to issue Final BO for the project.

Amended press release:
In addition, the USFWS has issued a letter to Congressman Steve Daines and Congressman Doc Hastings (Chairman of the House Natural Resource Committee) indicating that the agency is targeting March 31, 2014 to issue Final BO for the project.

[zigland]

What changed

[Louis Rukeyser]

AMENDED press release - 02/25/2014

AMENDED PERMITTING FOR THE MONTANORE PROJECT MOVES FORWARD;
FINAL DRAFT BIOLOGICAL OPINIONS ISSUED

Mines Management, Inc. (the “Company”) is pleased to announce that the U.S. Fish and Wildlife Service (USFWS) has issued Final Draft Biological Opinions (BO) for the Montanore Silver-Copper Project, a critical step in the overall permitting process. In the Final Draft BO, the USFWS made a preliminary determination that a non-jeopardy decision can be made under the terms and conditions spelled out in the aquatics and terrestrial BO's.

In addition, the USFWS has issued a letter to Congressman Steve Daines and Congressman Doc Hastings (Chairman of the House Natural Resource Committee) indicating that the agency is targeting March 31, 2014 to issue Final BO for the project.

With the pending completion of the BO process, the few steps remaining include issuance of the Final Environmental Impact Study (EIS) and issuance of a Draft Record of Decision (ROD). Following issuance of the Draft ROD, completion of the Final ROD involves an objection and resolution process newly adopted by the U.S. Forest Service (USFS) for projects on public lands that has regulatory time controls, and may be limited to 120 days at which point, the Company will be fully authorized to advance the project as approved by the agencies.

Mines Management’s Chairman and CEO, Glenn M. Dobbs, stated, “We have seen significant movement in the permitting process for the Montanore, and we are increasingly optimistic that full approval for the project is within sight. Upon issuance of the Final ROD, and upon arrangement of funding, we plan to initiate preparations for an underground infill drilling program. Results from the infill drilling program are intended to support the final analysis and detailed engineering as part of the final feasibility study.”

Dobbs went on to say, “We are grateful for the excellent work completed by our consultants and contractors.. Support from the community of Libby, Lincoln County, and northwestern Montana has been substantial. The people of the area are deserving of the new jobs that will be created through development of the mine which should help reduce the current 20% unemployment rate. The process has been arduous to say the least, but all stakeholders will benefit from the environmental knowledge gained from the research and analysis, as well as the significant mitigative steps the Company will take to protect and promote the viability of wildlife in the area, and to ensure the project is developed, operated and reclaimed in a responsible manner.”

About Mines Management

Mines Management, Inc. is engaged in the business of acquiring and exploring, and if exploration is successful, developing mineral properties containing precious and base metals. The Company’s primary focus is on the advancement of the Montanore silver-copper project located in northwestern Montana. The Montanore is an advanced stage exploration project, which contains an estimated resource of 116 million tons of material with average grades of 1.98 ounces silver per ton and 0.74% copper. The mineral resource is considered to be in the measured, indicated and inferred categories, and is in conformance with Canadian National Instrument 43-101.

Cautionary Note to U.S. Investors concerning estimates of Measured and Inferred Mineral Resources:
This press release uses the terms "Measured Mineral Resource”, “Indicated Mineral Resource”, and "Inferred Mineral Resource." We advise U.S. investors that while those terms are recognized and required by Canadian NI 43-101, the Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral reserves. Inferred Mineral Resources have a greater amount of uncertainty as to their existence and as to their economic and legal feasibility. In accordance with Canadian rules, estimates of Inferred Mineral Resources cannot form the basis of feasibility or other economic studies. U.S. investors are cautioned not to assume that part or all of the Inferred Mineral Resources exists, or is economically or legally mineable. The SEC normally only permits issuers to report mineralization that does not constitute 'reserves' by SEC standards as "in place" tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject to NI 43-101.

Statements Regarding Forward-Looking Information: Some statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable U.S. and Canadian securities laws. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially, including comments regarding anticipated permitting, drilling and engineering activities and geologic studies, the timing of issuance of Final Biological Opinions. the timing of issuance of a Final Environmental Impact Statement and Draft and Final Records of Decision, the effects and duration of the objection and resolution process regarding the Draft Record of Decision, the planned commencement of an underground infill drilling program and , financing needs including the financing to continue the Company’s business and the Montanore Project. Actual results may differ materially from those presented. Factors that could cause results to differ materially include delays in and increases in the cost of permitting at Montanore, continued disputes regarding claim ownership and rights in the Montanore project area, changes in interpretation of geological information, whether additional permitting may be required at Montanore in the future, whether external financing for the Company’s business can be obtained on acceptable terms or at all; world economic conditions or fluctuations in silver, gold and copper prices.. Mines Management, Inc. assumes no obligation to update this information. There can be no assurance that future developments affecting Mines Management, Inc. will be those anticipated by management. Please refer to the discussion of risk factors in the Company's Form 10-K for the year ended December 31, 2012, as amended.

FOR MORE INFORMATION:
Douglas D. Dobbs
President, Mines Management, Inc.
905 West Riverside Avenue - Suite 311
Spokane, WA 99201
Phone: [phone]
Fax: [phone]
Email: [e-mail]
Web: www.minesmanagement.com

[Louis Rukeyser]

Press release - 02/25/2014

PERMITTING FOR THE MONTANORE PROJECT MOVES FORWARD;
FINAL DRAFT BIOLOGICAL OPINIONS ISSUED

Mines Management, Inc. (the “Company”) is pleased to announce that the U.S. Fish and Wildlife Service (USFWS) has issued Final Draft Biological Opinions (BO) for the Montanore Silver-Copper Project, a critical step in the overall permitting process. In the Final Draft BO, the USFWS made a preliminary determination that a non-jeopardy decision can be made under the terms and conditions spelled out in the aquatics and terrestrial BO's.

In addition, the USFWS has issued a letter to Congressman Steve Daines and Congressman Doc Hastings (Chairman of the House Natural Resource Committee) indicating that the agency is targeting March 31, 2104 to issue Final BO for the project.

With the pending completion of the BO process, the few steps remaining include issuance of the Final Environmental Impact Study (EIS) and issuance of a Draft Record of Decision (ROD). Following issuance of the Draft ROD, completion of the Final ROD involves an objection and resolution process newly adopted by the U.S. Forest Service (USFS) for projects on public lands that has regulatory time controls, and may be limited to 120 days at which point, the Company will be fully authorized to advance the project as approved by the agencies.

Mines Management’s Chairman and CEO, Glenn M. Dobbs, stated, “We have seen significant movement in the permitting process for the Montanore, and we are increasingly optimistic that full approval for the project is within sight. Upon issuance of the Final ROD, and upon arrangement of funding, we plan to initiate preparations for an underground infill drilling program. Results from the infill drilling program are intended to support the final analysis and detailed engineering as part of the final feasibility study.”

Dobbs went on to say, “We are grateful for the excellent work completed by our consultants and contractors.. Support from the community of Libby, Lincoln County, and northwestern Montana has been substantial. The people of the area are deserving of the new jobs that will be created through development of the mine which should help reduce the current 20% unemployment rate. The process has been arduous to say the least, but all stakeholders will benefit from the environmental knowledge gained from the research and analysis, as well as the significant mitigative steps the Company will take to protect and promote the viability of wildlife in the area, and to ensure the project is developed, operated and reclaimed in a responsible manner.”

About Mines Management

Mines Management, Inc. is engaged in the business of acquiring and exploring, and if exploration is successful, developing mineral properties containing precious and base metals. The Company’s primary focus is on the advancement of the Montanore silver-copper project located in northwestern Montana. The Montanore is an advanced stage exploration project, which contains an estimated resource of 116 million tons of material with average grades of 1.98 ounces silver per ton and 0.74% copper. The mineral resource is considered to be in the measured, indicated and inferred categories, and is in conformance with Canadian National Instrument 43-101.

Cautionary Note to U.S. Investors concerning estimates of Measured and Inferred Mineral Resources:
This press release uses the terms "Measured Mineral Resource”, “Indicated Mineral Resource”, and "Inferred Mineral Resource." We advise U.S. investors that while those terms are recognized and required by Canadian NI 43-101, the Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral reserves. Inferred Mineral Resources have a greater amount of uncertainty as to their existence and as to their economic and legal feasibility. In accordance with Canadian rules, estimates of Inferred Mineral Resources cannot form the basis of feasibility or other economic studies. U.S. investors are cautioned not to assume that part or all of the Inferred Mineral Resources exists, or is economically or legally mineable. The SEC normally only permits issuers to report mineralization that does not constitute 'reserves' by SEC standards as "in place" tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject to NI 43-101.

Statements Regarding Forward-Looking Information: Some statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable U.S. and Canadian securities laws. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially, including comments regarding anticipated permitting, drilling and engineering activities and geologic studies, the timing of issuance of Final Biological Opinions. the timing of issuance of a Final Environmental Impact Statement and Draft and Final Records of Decision, the effects and duration of the objection and resolution process regarding the Draft Record of Decision, the planned commencement of an underground infill drilling program and , financing needs including the financing to continue the Company’s business and the Montanore Project. Actual results may differ materially from those presented. Factors that could cause results to differ materially include delays in and increases in the cost of permitting at Montanore, continued disputes regarding claim ownership and rights in the Montanore project area, changes in interpretation of geological information, whether additional permitting may be required at Montanore in the future, whether external financing for the Company’s business can be obtained on acceptable terms or at all; world economic conditions or fluctuations in silver, gold and copper prices.. Mines Management, Inc. assumes no obligation to update this information. There can be no assurance that future developments affecting Mines Management, Inc. will be those anticipated by management. Please refer to the discussion of risk factors in the Company's Form 10-K for the year ended December 31, 2012, as amended.

FOR MORE INFORMATION:
Douglas D. Dobbs
President, Mines Management, Inc.
905 West Riverside Avenue - Suite 311
Spokane, WA 99201
Phone: [phone]
Fax: [phone]
Email: [e-mail]
Web: www.minesmanagement.com

[Louis Rukeyser]

And in the pursuit of solid, honest DD, a contrary viewpoint:

http://www.goldstockbull.com/articles/mines-management-jason-hommel/

[Louis Rukeyser]

Second follow-up:

http://campaign.r20.constantcontact.com/render?llr=lyiszpbab&v=001VJlu5GGZPDRN3CXTiT0ZDhHIjhHjpafdEasN9pdhgQg50Mlwi9YmEyOFz74HxIslLKiyhjwMNdBGcsRE2QAps7ZMc3d2I4F0Uml9AzOEIMTykdwC5FVR6g%3D%3D

[AmericaTheBrave]

Getting interesting. The volume is also very nice.

[Montanore]

Nice pop over a buck here!

[cyberstan]

Slow and study climb.!!

[Louis Rukeyser]

Follow-up:

http://campaign.r20.constantcontact.com/render?llr=lyiszpbab&v=001e5WobZtxxKSX0I7mQhwJmWgCica8wPLzZjk519O1lT2MWoF_l1yHk7myv7iPnPt7MWufo5GZ3LPABS0mOrp0JD0TUHJ07nYz874ExHEq5o6vN9Hfc9h6FA%3D%3D

[Louis Rukeyser]

Interesting read:

http://silverstockreport.com/2014/mgn.html

[Montanore]

They really do have that silver and copper under the ground, but the legal hurdles are high and complex...mining probably not going to happen in the current environment. Speaking of environment, that area is very pristine (I know, I've been there) and if they ever do mine the cost per ounce would be very high. Silver prices would have to go much higher to make it viable.

Meanwhile, management is pretty good--but they fund operations by diluting and selling shares. I bailed a long time ago. Given the suppression in precious metals, this could go still lower. It might be a bargain 'round a quarter or so.

But who knows....

[maverick one]

I think they have to many legal issues here to jump through. I was going to wait til the .50 but today decided I'm selling off.

[maverick one]

Been buying bits and pieces on the downslope of large dips since 2nd week of May...this has been on my radar for many years now. If it slips 10% below .50 I'm out...and will watch again for other buying opportunities. Not many shares I have to say...just a few. If that does occur...I'll watch this drop even further see how this plays out. It's been in developmental stage for many many years. I've spoken with the key players several times a long time ago. Glad that I didn't buy in when it was $1.50 5 years ago. It just trades on the street no revenues...it's an absolute huge silver and copper basin with amazing potential. It's located in amazingly gorgeous pristine area. I know the mountains very well and have climbed, fished and spent alot of time in that area since 1990. That's one of the problems with this company and Montanores location...it's overly sensitive to the US Forest Service and other Govt Agencies for permitting and regs. Grizzly bears and native Golden Cut Throat trout are just some of the wildlife in that area. The water run off and the tailings are an issue...for eventually it drains South into the massive pristine Pon River (slang for locals) which empties into one of the deepest lakes in America where they have protected Bull Trout. I know this for a fact. I avoided buying years ago because I didn't like the price and they haven't been moving forward with progress that would show me ok we're on the right track to invest long term to their stock. I thought their stock was WAY overvalued based on what I stated up above here. It's a massive silver discovery...question is can and will they ever be able to develop it? That's why I was smart and watched this over time collapse in PPS I knew it had to eventually. When you look at Hecla biggest silver miner in world and their Lucky Friday and it's prolific silver mining and it was trading for under $6. How can you justify paying $1.50 to $3.00 for a stock and company that was years if EVER from ever being able to develop it and open the shafts up and ACTUALLY mine it? I don't know how this small Spokane company has managed to hold on after all these years without opening that mine. The PPS kind of reflects their slide...we'll see what happens. I could see this going further down as time goes by with no serious forward progress. Not so sure that's a positive sign Glenn stepped down and his son stepped in recently this past year and is taking a huge salary of over $230,000+ perks...and they haven't mined one ounce of Silver let alone made enough progress to open it. This could easily slide down a slippery slope. It could also be a huge play down the road we're talking years here. But, like I said if this slips below 10% below .50 I'm out! But, if that were to occur I will not come back to this until I am satisfied the pps has truly bottomed out. My thoughts are this could be sold to a JV or forge a JV partner-merge possibility with a Canadian company down the road. That's been happening in the area lately for smaller companies and mines last few years. When it does or anything happens I'll go deep.

[AmericaTheBrave]

Crazy. Only 500 shares on the ask at 0.8 !! at the TMX. This could move up another easy 10% today!

[AmericaTheBrave]

This has still a lot of room left to the upside...

[chmcnfunds]

Mines Management Inc. Reports Positive Exploration Results at La Estrella; Elects to Proceed with Second Year

(Thomson Reuters ONE via COMTEX) -- Spokane, Washington - May 7, 2013 -

Mines Management, Inc. (nyse-amex:"MGN") (the "Company") has elected to extend the exploration program at its La Estrella gold-silver project in central Peru under the terms of its agreement with the owner, Estrella Gold Corp, whereby the Company may earn a 75% interest in the property. The Company has made notification to Estrella Gold Corp., along with an annual lease payment, and has submitted proposed modifications for the exploration permit to the Peruvian regulatory agencies governing the permits.

"We are gratified to extend our commitment to advance exploration on the Estrella project for a second year. Results from the 2012 drilling program and subsequent interpretation of new 3D-IP/Resistivity data indicate potential for further expansion of the mineralized zone, and we are excited to see what unfolds as we undertake the next phase of exploration," stated the Company's CEO, Glenn M. Dobbs."

2012 Exploration of La Estrella

In 2012, eight diamond drill holes totaling approximately 2,700 meters were completed, seven of which intercepted significant thicknesses of gold and silver mineralization (see News Release, Sept. 13, 2012). Highlights of the drill program include E-23 with 112.8 meters (m) @ 0.41 grams per tonne (gpt) gold (Au) and 21.4 gpt silver (Ag); E-24 with 160.6 m @ 0.37 gpt Au and 23.0 gpt Ag; and E-25 with 201.4 m @ 0.35 gpt Au and 12.9 gpt Ag. These intercepts expand the historically known area of mineralization toward greater depths on the west and southwest side of the project's 2012 area of interest.

Because a strong positive correlation between higher grade gold mineralization and moderate to high values of chargeability had previously been demonstrated on the Estrella Project, a 3-D Induced-Polarization/Resistivity survey by Val D'Or Geophysics Peru was contracted in December 2012 to February 2013 to provide indications of mineralized trends and directions useful for exploration. The survey identified a large, previously unknown area of anomalous chargeability extending north and northwest from the 2012 area of interest for a distance of approximately 1,400 meters. This new area, when combined with previously known areas of anomalous chargeability, forms a prospective zone over 2000 meters in N-S extent and up to 1100 meters in E-W extent. The Company expects that targets for the next phase of drilling will include sites across these newly-recognized chargeability trends. Other targets will include follow-up of structurally-controlled high grade silver intercepts as in E-29 with 26.1 m @ 0.04 gpt Au and 157 gpt Ag. All drillhole data is posted and available for review on our website at www.minesmanagement.com.

2013 Activities

Activities thus far in 2013 include the modification of exploration permits to encompass the expanded areas prospective for drilling, and metallurgical studies with completion expected in May, 2013. Activities planned for the remainder of the year will be conducted in accordance with the Company's current cash conservation activities.

La Estrella Project

The Estrella property ("La Estrella") contains approximately 2,500 hectares of land within the Central Peru Polymetallic Belt, and is located 130 km south of Huancayo in the Department of Huancavelica, a region with a history of silver mining dating to the 1500's. The Project is in an area of established infrastructure, with roads and electricity, and lies approximately 30 km from Minera Buenaventura's historic Julcani Silver Mine which began operation in 1955. Mines Management, Inc. conducts work on the project subject to its agreement to earn 75% of the project through $5 million in exploration activities and a preliminary economic assessment. (See NR April 10, 2012)

La Estrella Geology and Mineralization

La Estrella concessions cover a large area of gold-silver mineralization hosted by a thick west-dipping dacite sill beneath a sequence of andesitic volcanic rocks. Gold mineralization occurs as pyrite-associated disseminations in silicified and phylically-altered dacite; also as quartz-sulfide stockworks in brecciated or structurally-disrupted andesitic rocks. Higher-grade silver intervals (>100 gpt) occur with galena and a variety of sulfosalts in mineralized structures cutting the dacite sill and volcanic package, reflecting an event later than the more widespread gold-silver dacite-hosted mineralization. To date, historic and current sampling and drilling activities have identified a roughly tabular zone of mineralization generally conformable to the dacite sill over 1,500 meters in strike length, 300-500 meters in width, and 50-150 meters thick. As previously mentioned, geophysical indications of mineralization include this known area and extend across a strike length of 2000 m and up to 1100 meters width in the central portion of the deposit. The system remains open to the north, south, west, and at depth in the central, widest portion of the anomalous zone.

Michael G. Rasmussen, PhD, Vice President of Exploration for Mines Management, Inc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has approved the technical information contained in this news release.

About Mines Management

Mines Management, Inc. is engaged in the business of acquiring and exploring, and if exploration is successful, developing mineral properties containing precious and base metals. The Company's primary focus is on the advancement of the Montanore silver-copper project located in northwestern Montana. The Montanore is an advanced stage exploration project containing a Canadian NI 43-101 measured resource of 4.03 million tons of material grading 1.85 ounces per ton ("opt") silver and 0.74% copper, an indicated resource of 77.5 million tons grading 2.05 opt silver and 0.75% copper, and an inferred resource of 35.1 million tons grading 1.85 opt silver and 0.71% copper, and is currently undergoing the permitting process. Additionally, the company conducts exploration activities on the Estrella gold-silver project located in central Peru.

Additional information is available at Mines Management's website: www.minesmanagement.com.

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated and Inferred Mineral Resources: This press release uses the terms "Measured Mineral Resource", "Indicated Mineral Resource", and "Inferred Mineral Resource." We advise U.S. investors that while those terms are recognized and required by Canadian NI 43-101, the Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral reserves. Inferred Mineral Resources have a greater amount of uncertainty as to their existence and as to their economic and legal feasibility. In accordance with Canadian rules, estimates of Inferred Mineral Resources cannot form the basis of feasibility or other economic studies. U.S. investors are cautioned not to assume that part or all of the Inferred Mineral Resources exists, or is economically or legally mineable. Disclosure of "contained ounces" in a Mineral Resource is permitted under Canadian regulations, however, the SEC normally only permits issuers to report mineralization that does not constitute 'reserves' by SEC standards as "in place" tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject to NI 43-101.

Statements Regarding Forward-Looking Information: Some statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable U.S. and Canadian securities laws. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially, including planned exploration activities and geologic studies at the Estrella exploration property in Peru. Actual results may differ materially from those presented. Factors that could cause results to differ materially include delays or problems with exploration at La Estrella, unsatisfactory exploration results, changes in geologic interpretations, political unrest or delays in obtaining community agreements or permitting in Peru in connection with planned exploration activities, world economic conditions or fluctuations in silver and copper prices. Mines Management, Inc. assumes no obligation to update this information. There can be no assurance that future developments affecting Mines Management, Inc. will be those anticipated by management. Please refer to the discussion of risk factors in the Company's Form 10-K for the year ended December 31, 2012, as amended.

Contact:

President, Mines Management, Inc.

Phone: [phone]

Email: [e-mail]

Website: www.minesmanagement.com

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the

information contained therein.

Source: Mines Management Inc. via Thomson Reuters ONE

HUG#1699778
_______________________________________________________
http://www.marketwatch.com/story/mines-management-inc-reports-positive-exploration-results-at-la-estrella-elects-to-proceed-with-second-year-2013-05-07?pagenumber=1

MGN

[WillESmashem]

--------------------------------------------------------------------------------

MINES MANAGEMENT ANNOUNCES 2012 FINANCIAL RESULTS AND OPERATIONS UPDATE
April 25, 2013

Press Release: 13-02
Spokane, Washington - April 25, 2013 - MINES MANAGEMENT, INC. (NYSE-MARKET: MGN, TSX: MGT) announces financial and operating results for the fiscal year, which ended December 31st, 2012, and subsequent progress on the permitting process for the Montanore Project.

Mr. Glenn M. Dobbs, the Company’s Chairman and CEO, stated, “There was significant progress made on the permitting process for the Montanore in 2012, setting the stage for advancement through the final phase toward completion. We are pleased that the Biological Consultation has commenced, marking a significant milestone that leaves the Final Environmental Impact Statement, concluding with the Record of Decision, the only remaining major activity following the Biological Opinion. In addition, an important new front for potentially adding value came from exploration on the Estrella gold-silver project in Peru. Data gathered from surface exploration and drilling activities has significantly expanded the known zone of gold and silver mineralization, and identified additional new targets, justifying extension of our exploration agreement into the second year.”

“We continue to manage our funds in a prudent manner, and plan to balance expenditures in accordance with our priorities,” Mr. Dobbs added. “Suffice to say, both the Montanore and Estrella projects have advanced markedly during the year, although declining valuations have plagued the entire minerals sector and we are hopeful for a rebound in the junior metals market. Set forth below is a summary of the Company’s accomplishments during 2012, and a discussion of our individual activities.”

Overview

Montanore Project biological assessments (“BA”) for aquatics and terrestrial species were advanced during the year, leading to the initiation of the biological consultation between the U.S. Forest Service (”USFS”) and the U.S. Fish and Wildlife Service (”USFWS”) in March 2013.


Development of the Final Environmental Impact Statement (”EIS”) is underway. During the year, the USFS and Montana Department of Environmental Quality incorporated into the Final EIS responses to comments on the Supplemental Draft EIS, completed in September 2011.


The Company continued an active communication program by meeting with federal and state agencies, members of Congress, Montana legislators, local Lincoln County commissioners and City of Libby officials, business leaders and community members in an effort to keep them informed of the Project’s status.


The Company executed an Exploration Earn-In Agreement with Estrella Gold Corporation, for an option to acquire 75% of the La Estrella gold and silver exploration property located in central Peru.


During the year, the Company exceeded work commitments under the Earn-In Agreement on the La Estrella project by completing 2,700 meters of diamond core drilling and conducting a 3D IP/Resistivity survey which included 21 lines consisting of a total of 38 line kilometers.


Results of the exploration were encouraging and the Company decided to extend exploration activities into the second year.


The Company continues to control expenditures and conserve cash pending the completion of Montanore permitting.


Cash and investment position remains strong at $11.8 million, as of December 31, 2012.

Montanore Permitting Update

In 2012 the USFS and Montana Department of Environmental Quality (“MDEQ”) continued to develop the Final EIS that assesses the environmental impacts of the Montanore Project, including wetlands mitigation and water quality analyses. In working to develop the Final EIS, the USFS and MDEQ incorporated public comments which were invited following release of the Supplement Draft EIS in September 2011.

As a result of public comments, new and updated technical data generated by the EIS contractor, the Company and its consultants was incorporated into the Final EIS, and the agencies prepared updates to monitoring requirements and mitigation for each of the alternatives analyzed.

The USFS prepared BA’s for terrestrial and aquatic wildlife for review by the USFWS in support of a biological opinion (“BO”), which the USFWS is required to complete prior to the granting of a record of decision by the USFS. The USFWS provided general comments to the USFS early in 2012, and the USFS completed both BA’s in early 2013.

Also, as part of the development of the Final EIS and determination of the agencies' preferred alternatives, the U.S. Army Corps of Engineers (“USACE”) must complete an analysis of potential Project discharges of dredged or fill material into waters of the United States, including wetlands. These discharges are regulated under Section 404 of the Clean Water Act which requires a permit for construction of the tailings facility and subsequent discharge of dredged or fill material.

In 2012, the Company completed a conceptual mitigation plan for aquatic resources affected by the proposed tailings impoundment and continues to work with the USACE to analyze extensive aquatic habitat data and advance the mitigation plan. During 2012, the Company also provided extensive technical analyses for alternative tailings impoundment areas and the feasibility of each site in connection with the 404 analysis.

During 2012, the Company expanded its Project monitoring activities, as well, in order to establish baseline conditions prior to the initiation of Project development activities. The increased monitoring activities are tied to expected agency requirements prior to or during initial Project development activities that will be incorporated into the Final EIS.

Also during 2012, the Company developed water rights applications which request authorization for beneficial use of water resources and submitted them to the State of Montana. Submittal of these applications followed selection of the preferred alternatives, and comments from the agencies are pending.

La Estrella Exploration Update

On April 10, 2012, following a period of due diligence, the Company announced an Earn-In Agreement on the Estrella gold-silver exploration property located in central Peru. Previous exploration on the property had identified a zone of gold and silver mineralization approximately 1,500 meters long, north to south by 300 meters wide, east to west. Terms of the agreement are described in the press release 12-03 on April 10, 2012.

The Company rapidly mobilized, and by August had completed approximately 2,700 meters of diamond core drilling in eight holes in the southwestern quadrant of the area of mineralization. Seven holes intercepted mineralization exceeding 100 meters in thickness over an additional area approximately 500 meters long, north to south, which extended known mineralization by 300 meters to the west.

Results from drilling and surface exploration activities, including a 3D IP/Resistivity survey, indicate that the mineralized zone remains open to the north, south and west.

Subsequent to year-end 2012, the Company decided to extend exploration activities into a second year. Permit modifications are underway, and the Company is assessing plans for further exploration including 2,300 meters of additional drilling required to fulfill the requirements of the agreement for the second year.

Financial and Operating Results

For 2012, our net cash expenditures for operating activities totaled $7.2 million. Cash outlays were less than projected due to delays in the USFS approval of our EIS and the absence of additional expense for adit rehabilitation. In 2013, we plan to continue to focus on planning for our exploration and delineation drilling program at the Montanore Project pending the final permitting approvals. Our current cash position should be sufficient to complete the permitting process and initiate the adit rehabilitation and drill station development. Additional external financing would be required to complete the evaluation drilling program and a bankable feasibility study. Development activities would be deferred if the permitting process is delayed or if commodity prices make the project difficult to finance or increase the cost of such financing.

We reported a net loss for the year ended December 31, 2012 of $8.2 million or $0.28 per share compared to a loss of $5.6 million or $0.20 per share for the year ended December 31, 2011. The following table summarizes expenses and other income by category and year:

Expenditures (Millions) 2012 2011

Montanore Project Expense $2.7 $2.9

Estrella Project Expense $1.2 $0.0
Administrative Expense $3.4 $3.9
Depreciation $1.0 $1.0
Non Cash Stock Option Expense $0.3 $1.6
Other Income ($0.4) ($3.8)

Montanore Project Expense includes exploration, fees, filing and licenses, and technical services, including environmental, engineering and permitting expense. Montanore Project Expense decreased by $0.2 million during 2012, compared to 2011, because of the absence in 2012 of (i) $0.1 million in compensation of the general manager of the Project who retired in February 2012, and (ii) $0.1 million in stock exchange listing fees for the 2011 public offering.

Estrella project expenses, which commenced in 2012, included drilling and related technical services.

Administrative Expense, which includes general overhead and office expense, legal, accounting, compensation, rent, taxes, and investor relations expense, decreased in 2012 by $0.5 million. This decrease resulted from: (i) a decrease in investor and public relations expenditures of $0.2 million, (ii) a decrease in expenditures related to the evaluation of mineral properties of $0.2 million, and (iii) a decrease in salaries and bonuses of $0.1 million.

Non-Cash Stock Option Expense (which is included in general and administrative and technical services expenses in our statement of operations) decreased by $1.3 million during 2012 because the number of options granted and the fair value of options granted during 2012 was lower than those granted during 2011.

We had Other Income of $0.4 million and $3.8 million in 2012 and 2011, respectively. Other income in 2012 includes a gain from the change in fair value of our derivative liability of $0.4 million and a minor amount of interest income. Other income in 2011 includes a gain from the change in fair value of our derivative liability of $1.7 million, a gain on the sale of marketable securities of $2.0 million, and interest income of $0.1 million.

Liquidity and Capital Resources

As of December 31, 2012, our aggregate cash, short term investments and long term investments totaled $11.8 million compared to $18.7 million at December 31, 2011. Cash flows provided by financing activities were $0.3 million in proceeds from stock options exercised during 2012 compared to $15.3 million in 2011, primarily from the public offering completed during the year. The net cash used in operating activities during 2012 was $7.2 million, which consisted primarily of permitting, environmental, exploration, engineering expenses for the Montanore Project, the Estrella exploration program and general and administrative expenses, compared with $6.9 million of cash used in operating activities in 2011. Cash provided by investing activities for 2011 was $3.8 million of proceeds from the sale of marketable securities compared with a nominal amount derived from investing activity in 2012. The net decrease in cash and cash equivalents for the year ending December 31, 2012 was $6.9 million.

We anticipate expenditures in 2013 of approximately $6.2 million, consisting of (i) $1.2 million in each quarter for ongoing operating and general administrative expenses, (ii) $0.3 million in each quarter for permitting, engineering and geologic studies to finalize our permitting of the Montanore Project, and (iii) $0.25 million on exploration at La Estrella during 2013. We expect to use cash on hand to fund ongoing environmental, engineering, permitting and general administrative expenses for 2013. Additional financing, however, would be required to complete the evaluation drilling program and a bankable feasibility study and increased exploration efforts at the La Estrella property in 2014 based on current year drilling results.

About Mines Management

Mines Management, Inc. is engaged in the business of acquiring and exploring, and if exploration is successful, developing mineral properties containing precious and base metals. The Company's primary focus is on the advancement of the Montanore silver-copper project located in northwestern Montana. The Montanore is an advanced stage exploration project containing a Canadian NI 43-101 compliant measured resource of 4.03 million tons of material grading 1.85 ounces per ton ("opt") silver and 0.74% copper, an indicated resource of 77.5 million tons grading 2.05 opt silver and 0.75% copper, and an inferred resource of 35.1 million tons grading 1.85 opt silver and 0.71% copper, and is currently undergoing the process to obtain permitting approval. Additional information is available at Mines Management's website: www.minesmanagement.com.

Cautionary Note to U.S. Investors concerning estimates of Measured, Indicated and Inferred Mineral Resources: This press release uses the terms "Measured Mineral Resource”, “Indicated Mineral Resource”, and "Inferred Mineral Resource." We advise U.S. investors that while those terms are recognized and required by Canadian NI 43-101, the Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral reserves. Inferred Mineral Resources have a greater amount of uncertainty as to their existence and as to their economic and legal feasibility. In accordance with Canadian rules, estimates of Inferred Mineral Resources cannot form the basis of feasibility or other economic studies. U.S. investors are cautioned not to assume that part or all of the Inferred Mineral Resources exists, or is economically or legally mineable. Disclosure of "contained ounces" in a Mineral Resource is permitted under Canadian regulations, however, the SEC normally only permits issuers to report mineralization that does not constitute 'reserves' by SEC standards as "in place" tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject to NI 43-101.

Statements Regarding Forward-Looking Information: Some statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable U.S. and Canadian securities laws. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially, including comments regarding anticipated permitting and engineering activities and geologic studies, planning for the exploration and delineation drilling program at the Montanore Project pending permitting approvals, planned exploration expenditures and activities at the La Estrella exploration property in Peru, interpretation of the significance of initial drilling results at La Estrella including the extension of the gold and silver mineralized zone, financing needs, including the financing required to fund the final phases of the advanced exploration and delineation drilling program and a bankable feasibility study, the sufficiency of cash on hand to complete certain planned activities for 2013 and 2014. Actual results may differ materially from those presented. Factors that could cause results to differ materially include delays in and increases in the cost of permitting at Montanore, delays in and the increase of the cost of exploration at La Estrella, changes in interpretation of geological information, political unrest or delays in obtaining community agreements or permitting in Peru in connection with planned exploration activities, world economic conditions or fluctuations in silver, gold and copper prices, and inability to obtain external funding on acceptable terms or at all. Mines Management, Inc. assumes no obligation to update this information. There can be no assurance that future developments affecting Mines Management, Inc. will be those anticipated by management. Please refer to the discussion of risk factors in the Company's Form 10-K for the year ended December 31, 2012, as amended.

FOR MORE INFORMATION:
Douglas Dobbs, Vice President Corporate Development & Investor Relations
Mines Management, Inc.
905 West Riverside Ave - Suite 311
Spokane, WA 99201
Phone: [phone]
Fax: [phone]
Email: [e-mail]
Web: www.minesmanagement.com

[chmcnfunds]

Estrella Gold Announces Wide Zones of Gold and Silver Mineralization at La Estrella Project, Central Peru

• DDH E-29 includes 23.4 meters of 0.97 gpt gold
• Seven holes intercept gold over 100 meters or more
• Optionee Mines Management planning additional exploraiton

Vancouver, Canada, September 13, 2012 -- Estrella Gold Corporation (TSX V: EST) ("Estrella" or the "Company") is pleased to announce drill results from the recently completed core program at the Company's namesake La Estrella gold-silver project, located within the Central Peru polymetallic belt. Mines Management, Inc. (NYSE-MKT: "MGN", TSX: "MGT") is funding the exploration program and can earn a 75% interest in the property.

Eight recently completed holes totaling approximately 2,700 meters were designed to test the south-western extent of a large gold and silver mineralized zone, which remains open to the north, south, and west. Seven of the eight holes intersected gold and silver mineralization exceeding 100 meters in thickness. Previous drilling on the property, totaling approximately 5,800 meters among 33 holes, intersected mineralization approximately 1,800 meters in length along strike north to south by 300 meters wide east to west. The known mineralization defines a tabular, west dipping, stratabound zone up to 200 meters thick that crops out to the east.

The property hosts a volcanic-hosted epithermal gold-silver system with associated base-metal mineralization in a north-south trending graben. The eight recently completed holes were drilled to depths ranging from 200 -- 509 meters. Significant gold and silver mineralization was intersected in 7 of the holes with mineralized intervals ranging from 93 -- 201 meters. Drill holes were spaced along a 500 meter strike and 300 meters width with the following significant intercepts: (See Appendix I for location details):

(Click link below for charts)

Reported intervals were selected based upon general in situ economic value above $25.00 per tonne, metals prices were assumed at $1,000 gold and $20.00 silver.

Mr. Keith Laskowski, QP, President and CEO of Estrella commented "We are pleased with the results from the recent drill program which have confirmed the presence of a large mineralized gold-silver system, that remains open for further expansion. The planning and work by the team has verified and extended the previous mineralization model, and they have done a very efficient and professional job completing the entire program, from planning to reclamation within 6 months."

Drill hole samples were collected in 1-2 meter intervals in accordance with accepted industry standards and procedures. The samples were submitted to the ALS Chemex Labs (ISO 9001:2000 accredited) in Lima, Peru for analysis. Gold was analyzed by fire assay with an AAS finish and multi-element analyses were determined with aqua regia digestion and ICP MS/AAS techniques. The Company conducts routine QA/QC analysis on all assay results, including the systematic utilization of certified reference materials, blanks and field duplicates.

FUTURE EXPLORATION PLANS: Mines Management has performed sufficient activities and expenditures to complete its work commitments for the year and is pleased that results warrant additional exploration. Analysis, interpretation, and modeling of these results are ongoing and will form the basis for future activities. Future exploration programs will primarily seek to (1) delineate the extent of La Estrella mineralization, (2) define the orientation and extent of high grade silver veins and structures, (3) conduct sufficient infill drilling for rigorous resource calculation, and will include metallurgic and additional geophysical studies.

Michael G. Rasmussen, PhD, Vice President of Exploration for Mines Management, Inc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has reviewed and approved the technical information contained in this news release.

AGREEMENT WITH MINES MANAGEMENT: The property is being explored subject to Estrella' s Agreement with Mines Management which allows Mines Management to acquire a 75% interest in the property by spending $5,000,000 in work commitment, and by making the following payments: ( amounts are US$): (Click link for table)

Payments: On Signing:
Year 1 Anniversary Payment:
Year 2 Anniversary Payment:
Subsequent Anniversaries: $ 50,000
$100,000
$200,000
$200,000 (Until exercising its Option)
Work Expenditures Year 1:
Year 2: $500,000 including 2,500 meters of drilling
$500,000 including 2,500 meters of drilling

COMMUNITY RELATIONS UPDATE

The local community has demonstrated cordial relations toward the project throughout the program, and much effort on the part of the Company has been directed toward communication and community involvement. The exploration program has been designed to use community labor in the construction of drill platforms and access roads, and has utilized manually-portable drilling equipment. All excavation work has been manually performed and has preserved soil layers in an organized manner, to provide for restoration when reclamation is underway. An exploration camp under the direction of ExploSupport, Lima, has provided continuous logistic support for the project.

About Estrella Gold Corporation (TSX-V: EST) Estrella is a "Prospect Generator" company focused on gold exploration and resource definition in Latin America. Estrella has 35 exploration properties in Perú, with thirty-two held in Venture Agreements. Estrella holds 29 properties within the exploration area that is subject to its Alliance Agreement with Cliffs. The Company has 24.1 million shares issued and outstanding on the TSX Venture Exchange (TSX-V: EST). The Company has three other properties that are available for Venture Agreements. Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has reviewed and verified the technical information contained in this news release. Further information is available at Estrella Gold's website: www.estrellagold.com.

For further information, contact:

Estrella Gold Corporation
Keith Laskowski
President , MSc., QP,

Direct Tel: [phone] or [phone]
Fax: [phone]
Email: [e-mail]

To learn more visit: www.estrellagold.com

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.

Appendix I -- Drill Hole Locations and Orientations
______________________________________________
http://www.estrellagold.com/s/NewsReleases.asp?ReportID=547804

CSRFF

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Mines Management Commences Drilling on La Estrella Gold-Silver Project

Wednesday , 13 Jun 2012 Mines Management, Inc.
Spokane, Washington - June 12, 2012 -

Mines Management, Inc. (NYSE-Amex: "MGN", TSX: "MGT") (the "Company") is pleased to announce the commencement of drilling at the La Estrella gold-silver project located in central Peru, in which the Company has an option to earn 75% from Estrella Gold Corp. (TSX-V: "EST"), as described in the press release dated April 10, 2012.

The goals of the initial program are to confirm continuity of mineralization on the southwest side of the deposit, to better define the extent of high grade mineralization at depth in that area, and to test a recently-identified geophysical target. Surface exploration, including soil geochemistry, is also planned for selected areas adjacent to the principal area of mineralization.

The La Estrella property contains approximately 2,500 hectares of land in the Central Peru polymetallic belt, in the Department of Huancavelica, a region with a history of silver mining dating to the 1500's. The Project area contains well-developed roads and electricity, and is located within 30 km of the Julcani Silver Mine which began operation in 1955. Previous drilling at La Estrella included 5,796 meters of core and RVC in 33 holes. The drilling focused on a volcanic-hosted mineralized area approximately 1,800 long and 300 meters wide. Mineralization was shown by drilling to continue to 200 meters below the surface and remains open at depth on the southwest side of the deposit. Mineralized intervals averaging 133.5 meters wide are present in 18 holes. The property is an advanced stage exploration project which contains a volcanic-hosted epithermal gold-silver system with associated base-metal mineralization. Additional information regarding the La Estrella Gold-Silver Project is available at the Company's website: www.minesmanagement.com.

Michael G. Rasmussen, PhD, Vice President of Exploration for Mines Management, Inc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has approved the technical information contained in this news release.

About Mines Management
Mines Management, Inc. is engaged in the business of acquiring and exploring, and if exploration is successful, developing mineral properties containing precious and base metals. The Company's primary focus is on the advancement of the Montanore silver-copper project located in northwestern Montana. The Montanore is an advanced stage exploration project containing a Canadian NI 43-101 compliant measured resource of 4.03 million tons of material grading 1.85 ounces per ton ("opt") silver and 0.74% copper, an indicated resource of 77.5 million tons grading 2.05 opt silver and 0.75% copper, and an inferred resource of 35.1 million tons grading 1.85 opt silver and 0.71% copper, and is currently undergoing the process to obtain permitting approval. Additional information is available at Mines Management's website: www.minesmanagement.com.

Cautionary Note to U.S. Investors concerning estimates of Measured and Inferred Mineral Resources:
This press release uses the terms "Measured Mineral Resource", "Indicated Mineral Resource", and "Inferred Mineral Resource." We advise U.S. investors that while those terms are recognized and required by Canadian National Instrument 43-101, the Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral reserves. Inferred Mineral Resources have a greater amount of uncertainty as to their existence and as to their economic and legal feasibility. In accordance with Canadian rules, estimates of Inferred Mineral Resources cannot form the basis of feasibility or other economic studies. U.S. investors are cautioned not to assume that part or all of the Inferred Mineral Resources exists, or is economically or legally mineable. Disclosure of "contained ounces" in a Mineral Resource is permitted under Canadian regulations, however, the SEC normally only permits issuers to report mineralization that does not constitute 'reserves' by SEC standards as "in place" tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject to NI 43-101.
Statements Regarding Forward-Looking Information: Some statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable U.S. and Canadian securities laws. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially, including planned exploration activities and geologic studies at the La Estrella exploration property in Peru. Actual results may differ materially from those presented. Factors that could cause results to differ materially include delays in commencing or problems with exploration at La Estrella, unsatisfactory exploration results, changes in geologic interpretations, political unrest or delays in obtaining community agreements or permitting in Peru in connection with planned exploration activities, world economic conditions or fluctuations in silver and copper prices. Mines Management, Inc. assumes no obligation to update this information. There can be no assurance that future developments affecting Mines Management, Inc. will be those anticipated by management. Please refer to the discussion of risk factors in the Company's Form 10-K for the year ended December 31, 2011, as amended.

FOR MORE INFORMATION:
Douglas Dobbs, Vice President Corporate Development & Investor Relations
Mines Management, Inc.
905 West Riverside Ave - Suite 311
Spokane, WA 99201
Phone: [phone]
Fax: [phone]
Email: [e-mail]
Web: www.minesmanagement.com
___________________________________________________________
http://www.mineweb.com/mineweb/view/mineweb/en/page674?oid=153206&sn=Detail&pid=102055

MGN

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Estrella Gold Corp. Announces Drilling at La Estrella Gold-Silver Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 12, 2012) -
Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to announce the start of a 2,500 meter core drilling program at the Company's namesake La Estrella project in Central Peru. Goals of the program are to drill test a strong induced polarization geophysical target located adjacent to the main mineralized zone and to expand the southwest extend of mineralization and define the distribution of high-grade mineralization. Geological mapping and soil sampling will also be completed to evaluate new areas adjacent to the main zone of mineralization. The program is funded and operated by Mines Management Inc ("MMI") under Estrella's recently announced Option Agreement. Estrella is also funded by MMI to provide geological and administrative support and remains responsible for community relations programs. MMI can earn a 75% interest in the property by making payments of US$550,000 to Estrella, spending US$5 million on exploration, and completing a NI 43-101 compliant Preliminary Economic Analysis ("PEA") on the property.

The La Estrella property contains approximately 2,500 hectares in the Central Peru polymetallic belt, Department of Huancavelica, a region with a history of silver mining dating to the 1500's. The Project area contains well-developed roads and electricity, and is located within 30 km of the Julcani Silver Mine, which began operation in 1955. Previous core and RC drilling at La Estrella included 5,796 meters in 33 holes and identified a mineralized area approximately 1,800 long and 300 meters wide. Drilling has tested only 200 meters below the surface and the mineralization remains open at depth. Mineralized intervals average 133.5 meters wide in 18 holes. The property is an advanced stage exploration project which contains a volcanic-hosted epithermal gold-silver system with associated base-metal mineralization.

About Estrella Gold Corporation (TSX VENTURE:EST): Exploration is risky and Estrella is seeking to increase the chances of success as a "Prospect Generator" focused on gold exploration in Latin America. Estrella identifies and acquires new mineral properties, and then conducts initial, low-cost exploration to define a potential new deposit. Once defined, Estrella forms joint ventures with other companies that will provide funding and reduce Estrella's risk and expenditures. The Prospect Generator business model allows Estrella to aggressively seek the next major discovery. Estrella has thirty-two exploration properties in Perú, with twenty-eight held in venture agreements, most in a strategic exploration alliance with Cliffs Natural Resources Exploration Inc. Of the four properties held 100% by Estrella, the Company also established a NI 43-101 compliant inferred resource containing a minimum of 313,000 ounces of oxide gold at its Colpayoc Project in Peru (from 19.3 Mt @ 0.5 g/t gold, NI 43-101 Inferred Resource, 2011 Global Geotechnologies Inc.; News Release dated 12/21/2011). The Company has 24.1 million shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has prepared, reviewed and verified the technical information contained in this news release.

Further information is available at Estrella Gold's website: www.estrellagold.com.

STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contact Information
Estrella Gold Corporation
Keith Laskowski
President/CEO, MSc./QP
Direct: [phone], [phone] or [phone]
[phone] (FAX)
[e-mail]
www.estrellagold.com
_______________________________________________
http://www.marketwire.com/press-release/estrella-gold-corp-announces-drilling-at-la-estrella-gold-silver-project-tsx-venture-est-1668228.htm