Mines Management Posts $1.5-million Loss, Staying Optimistic

Mines Management Inc. (NYSEMKT:MNG) released its third-quarter results for 2014, showing a $1.5-million loss. However, the company said the loss is down from this time last year due to a reduction in operating expenditures.

According to the press release:

The Company reported a net loss of $1.5 million and $1.8 million for the quarters ended September 30, 2014 and 2013, respectively. The most significant differences in operating expenditures between the two quarters include a decrease in technical services of $0.1 million during the 2014 quarter, primarily due to a reduction of the amount of environmental baseline data collected in 2014 compared to 2013 as part of the pre-mining activity monitoring requirements included in the FEIS.

Click here to read the Mines Management Inc. (NYSEMKT:MNG) press release.