WASHINGTON (dpa-AFX) - Mines Management Inc. (MGN, MGT.TO) reported second-quarter net loss of $1.6 million or $0.06 per share, wider than $1.2 million or $0.05 per share in the prior-year quarter.
The $0.4 million increase in net loss in the second quarter of 2011 is attributable to a decrease of $0.7 million in the gain recognized from the fair value of warrant derivatives.
For six months, net loss narrowed to $0.3 million or $0.01 per share from $4.6 million or $0.20 per share in the year-ago period.
Copyright RTT News/dpa-AFX
