| | Business Summary | | Sunshine
Mining
and
Refining
Company
is
primarily
engaged
in
mining
silver,
and
owns
properties
in
Argentina,
Mexico
and
the
United
States
with
significant
silver
reserves
and
silver
resource
potential.
The
Company
owns
the
Sunshine
Mine
located
in
the
Coeur
d'Alene
Mining
District
near
Kellogg,
Idaho
and
the
Pirquitas
Mine
in
the
Jujuy
Province
of
northwest
Argentina.
The
Sunshine
Mine
produced
3.9
million
and
5.2
million
ounces
of
silver
in
2000
and
1999,
respectively.
On
August
23,
2000,
Sunshine
and
its
wholly
owned
subsidiaries,
Sunshine
Argentina,
Inc.,
Sunshine
Precious
Metals,
Inc.
and
Sunshine
Exploration,
Inc.,
all
filed
voluntary
petitions
for
relief
under
Chapter
11
of
the
Bankruptcy
Code. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Sunshine
Mining
and
Refining
is
a
holding
company
whose
principal
subsidiaries
mine,
refine
and
market
silver
and
certain
by-product
metals
to
commercial
customers.
For
the
three
months
ended
3/31/01,
revenues
fell
58%
to
$2.9
million.
Net
income
before
extraordinary
item
totaled
$5.9
million
vs.
a
net
loss
of
$4.1
million.
Revenues
reflect
the
closure
of
the
Sunshine
Mine
in
February.
Earnings
reflect
an
$8.2
million
gain
from
the
adjustment
of
accounts
to
fair
value. | | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| John Simko, 61
Chairman | $373K | William Davis, 46
Pres,
CFO, Chief Operating Officer | 293K | Harry Cougher, 57
Sr.
VP and COO-Mining | 145K | | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
