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Local News - Local News - August 30, 2012
Mines Management posts second-quarter loss
Mines Management says exploration at property in Peru added to red ink

By Treva Lind
Of the Journal of Business

Spokane-based Mines Man-agement Inc., which is involved in the acquisition, exploration, and development of precious- and base-mineral properties, has reported a second-quarter net loss of $2.4 million, compared with a net loss of $1.6 million for the year-earlier period.

In a recent press release, the company said the $800,000 increase in net loss includes $400,000 in expenses related to exploration of the La Estrella gold-silver project in Peru. Early this year, Mines Management...


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