Sunshine Mining Posts Loss For 1999

Sat., March 18, 2000

From Staff

Sunshine Mining and Refining Co. lost $10.8 million last year.

The loss, which amounts to 31 cents a share, compared with a $64.8 million loss for 1998 - mainly due to the write-down of the Sunshine Mine that year.

The Sunshine Mine near Big Creek, Idaho, produced 5.2 million ounces of silver last year. Cash production costs were $4.36 per ounce of silver.

Sunshine also owns the Pirquitas property in Argentina, an underground silver and tin mine that the company hopes to turn into an open-pit, low-cost producer. Several other exploration projects are under way in Argentina, company officials said.

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Sunshine Mining Posts Loss For 1999

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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