Last $0.81 USD
Change Today -0.02 / -2.41%
Volume 13.0K
MGN On Other Exchanges
Symbol
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As of 11:07 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

mines management inc (MGN) Snapshot

Open
$0.85
Previous Close
$0.83
Day High
$0.85
Day Low
$0.79
52 Week High
03/6/14 - $1.80
52 Week Low
11/26/13 - $0.48
Market Cap
24.0M
Average Volume 10 Days
49.1K
EPS TTM
$-0.23
Shares Outstanding
29.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MINES MANAGEMENT INC (MGN)

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mines management inc (MGN) Details

Mines Management, Inc., together with its subsidiaries, acquires, explores, and develops various mineral properties in North and South America. The company explores for silver, and associated base and precious metals. It primarily holds interests in the Montanore property that consists of 10 patented mining claims and 825 unpatented mining claims located in northwestern Montana. The company was founded in 1947 and is based in Spokane, Washington.

11 Employees
Last Reported Date: 03/31/14
Founded in 1947

mines management inc (MGN) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $370.0K
President and Corporate Secretary
Total Annual Compensation: $228.0K
Principal Financial Officer, Principal Accoun...
Total Annual Compensation: $106.0K
Compensation as of Fiscal Year 2013.

mines management inc (MGN) Key Developments

Mines Management Mulls Acquisition

Mines Management, Inc. (AMEX:MGN) has closed the previously announced financing in which it had agreed to sell 0.004 million units. The net proceeds from this offering will be used for advancement of the permitting process for its Montanore Project and preparation for the delineation drilling program, which will include completion of the dewatering and rehabilitation of the Libby adit and general corporate purposes, including possible acquisition and exploration of new mining properties.

Mines Management, Inc. to File an Articles of Amendment to the Articles of Incorporation with the Secretary of State of the State of Idaho

On July 25, 2014, Mines Management, Inc. will file an Articles of Amendment to the Articles of Incorporation with the Secretary of State of the State of Idaho, designating 4,000 shares of its preferred stock as Series B 6% Convertible Preferred Stock, no par value per share. Each share of Preferred Stock has a stated value of $1,000 and is convertible, at the option of the holder, subject to adjustment under certain circumstances, at any time, into shares of common stock of the Company at a conversion price of $0.7866. Except as otherwise required by law, holders of Preferred Stock shall not be entitled to voting rights. The Preferred Stock is convertible at any time at the option of the holders, or at the Company's discretion when the Company's common stock trades above 150% of the then current conversion price for 30 consecutive trading days with a daily trading volume above 70,000 shares. The holders of the Preferred Stock are entitled to receive a dividend payable, at the election of the Company (subject to some conditions), in cash or shares of common stock of the company, at a rate of 6% per annum.

Mines Management Mulls Acquisitions

Mines Management, Inc. (AMEX:MGN) is looking for acquisitions. Mines Management intends to use the net proceeds from the sale of 4000 units in an offering, for the advancement of the permitting process for its Montanore Project and preparation for the delineation drilling program, which will include completion of the dewatering and rehabilitation of the Libby adit and general corporate purposes, including possible acquisition and exploration of new mining properties.

 

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MGN:US $0.81 USD -0.02

MGN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Coeur Mining Inc $8.14 USD -0.02
Golden Minerals Co $1.18 USD +0.01
Hecla Mining Co $3.31 USD 0.00
Pan American Silver Corp C$15.63 CAD +0.05
Silver Standard Resources Inc C$10.19 CAD -0.10
View Industry Companies
 

Industry Analysis

MGN

Industry Average

Valuation MGN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 811.3x
Price/Book 5.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 711.5x
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