28 July 2014securities registration● Neutral
MINES MANAGEMENT INC filed a prospectus supplement for an offering off its existing shelf.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
25 July 2014securities registration● Neutral
MINES MANAGEMENT INC filed a prospectus supplement for an offering off its existing shelf.
18 June 2014agm notice● Neutral
MINES MANAGEMENT INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
15 May 2014quarterly activities report▼ Bad
MINES MANAGEMENT INC reported a quarterly net loss of $1.5 million for the period ended 2014-03-31.
30 Apr 2014agm notice● Neutral
MINES MANAGEMENT INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
14 Nov 2013quarterly activities report▼ Bad
MINES MANAGEMENT INC reported a quarterly net loss of $1.8 million for the period ended 2013-09-30.
1 Oct 2013quarterly activities report▼ Bad
MINES MANAGEMENT INC reported a quarterly net loss of $1.8 million for the period ended 2013-09-30.
27 Aug 2013securities registration● Neutral
MINES MANAGEMENT INC registered a securities offering with the SEC using its shelf eligibility.
17 June 2013agm notice● Neutral
MINES MANAGEMENT INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
30 Apr 2013agm notice● Neutral
MINES MANAGEMENT INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
19 June 2012agm notice● Neutral
MINES MANAGEMENT INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
30 Apr 2012agm notice● Neutral
MINES MANAGEMENT INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
14 Feb 2012substantial holder notice● Neutral
Frank E. Holmes, U.S. Global Investors, Inc, U.S. Global Investors World Precious Minerals Fund disclosed a new substantial MINES MANAGEMENT INC shareholding (4.38% of votes).
11 Oct 2011material agreement● Neutral
On October 6, 2011 the board extended the 2005 warrants, now over 2,105,748 shares at $2.56, from October 20, 2011 to April 20, 2012, subject to Toronto Stock Exchange approval. This continues the earlier extension of these warrants; the share count is lower than the 2,375,368 stated in the 2010 filing (the filing does not explain the difference), and no other terms changed.
21 June 2011agm notice● Neutral
MINES MANAGEMENT INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
3 Mar 2011material agreement● NeutralMajor
On March 3, 2011 the company agreed with Roth Capital Partners to sell 4,800,000 new shares at $3.15 each, for about $15.1 million gross and about $13.8 million net per the filing (the press release says about $14.2 million before offering expenses), with a 30-day option for 720,000 more shares. This is the additional financing the February update said was needed; the press release says proceeds are for Montanore permitting and the drilling program, and for general purposes. It adds shares, which dilutes existing holders, and the company and its officers and directors agreed not to sell shares for 90 days.
3 Mar 2011securities registration● Neutral
MINES MANAGEMENT INC filed a prospectus supplement for an offering off its existing shelf.
2 Mar 2011securities registration● Neutral
MINES MANAGEMENT INC filed a prospectus supplement for an offering off its existing shelf.
23 Feb 2011resource reserve update● NeutralMajor
The company gave an update on its 100%-owned Montanore project after finishing a Preliminary Economic Assessment (PEA). The PEA estimated initial capital costs of $552.3 million (±35%) and concluded the project has favorable economic potential justifying a resource evaluation program and pre-feasibility study; it did not update the 2005 resource estimate of 81.5 million short tons, and the filing says it should not be relied on to value the project. Permitting steps (supplemental draft EIS, biological opinion, 404 permit) are expected in 2011, with a Record of Decision possibly by end of 2011. The drilling program would cost about $20-25 million over about 18 months once permitting is done and needs external financing; 2011 cash use is estimated at $7.5 million against $10.0 million of cash and securities at December 31, 2010, which the company says must be augmented by additional financing in 2011. This sharpens the open funding question for the drilling program.
5 Oct 2010material agreement● Neutral
On September 30, 2010 the board approved a one-year extension of the 2005 warrants over 2,375,368 shares (exercise price $2.56), which were due to expire October 20, 2010. The extension takes effect October 19, 2010 and needs Toronto Stock Exchange approval. These are the warrants from the October 2005 private placement, whose price is now below the original $8.50.
20 May 2010securities registration● Neutral
MINES MANAGEMENT INC filed the final prospectus for a registered offering.
31 Mar 2010financial restatement▼ BadMajor
On March 25, 2010 the Audit Committee concluded the 2008 financial statements should no longer be relied on, because certain Montanore exploration costs previously recorded as property, plant and equipment should have been expensed. The SEC staff had questioned this treatment in reviewing the 2008 10-K. 2008 net loss rises from $10,306,637 to $10,768,116 ($0.48 per share) and property, plant and equipment falls from $9,714,191 to $6,207,844; the restatement will appear in the 2009 10-K.
11 Feb 2010material agreement● Neutral
On February 9, 2010 the board extended the 2004 warrants (now stated as 362,250 shares) to June 10, 2010 and cut their exercise price from $4.00 to $2.56; they cannot be exercised between February 11 and February 25, 2010. This continues the earlier extension of these warrants and lowers the price holders pay (the share count differs from the 337,000 stated in the 2009 filing).
10 Nov 2009securities registration● Neutral
MINES MANAGEMENT INC filed a prospectus supplement for an offering off its existing shelf.
28 Oct 2009securities registration● Neutral
MINES MANAGEMENT INC filed the final prospectus for a registered offering.
16 Oct 2009securities registration● Neutral
MINES MANAGEMENT INC registered a securities offering with the SEC using its shelf eligibility.
29 Jan 2009material agreement● Neutral
On January 28, 2009 the board extended the expiry of warrants over 337,000 shares (exercise price $4.00), originally issued in February 2004 private placements, from February 2009 to February 10, 2010. The price was not changed.
9 May 2008late filing notice▼ Bad
MINES MANAGEMENT INC notified the SEC that its quarterly report would be filed late.
17 Apr 2008auditor change● Neutral
On April 11, 2008 the company engaged Tanner LC as its auditor for fiscal 2008, recommended by the Audit and Finance Committee and approved by the board. This fills the vacancy left by LeMaster & Daniels' resignation; the filing says the company had not consulted Tanner on accounting matters before.
4 Jan 2008auditor change● Neutral
This amendment to the December 2007 auditor-resignation filing adds the disclosure required by SEC rules, stating there were no disagreements with LeMaster & Daniels during 2006, 2005 and the period through December 20, 2007. The facts of the resignation are unchanged.