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United States Securities and Exchange Commission
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(check one)
_X_ Form 10-K/10KSB
___ Form 20-F
___ Form 11-K
___ Form 10-Q/10-QSB
___ Form N-SAR
December 31, 1998
For Period Ended : _________________________________
___ Transition Report on Form 10-K/10KSB
___ Transition Report on Form 20-F
___ Transition Report on Form 11-K
___ Transition Report on Form 10-Q/10QSB
___ Transition Report on Form N-SAR
For the Transition Period Ended: _____________________________________
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PART 1 - REGISTRANT INFORMATION
Full Name of Registrant: Mines Management Inc.
Address of Principal Executive Office: 905 W. Riverside Ave
City, State and Zip Code: Spokane WA 99201
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PART II - RULES 12B-25(b) AND (c)
If the subject report could not be filed without unreasonable effort ore
expense and the registrant seeks relief pursuant to rul 12b-25(b){section
23,047], the following should be completed. (Check box if appropriate)
___ (a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable
effort or expense;
_X_ (b) The subject annual report, semi-annual report, transition
report, on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion
thereof will be filed on or before the fifteenth calendar
day following the prescribed due date; or the subject
quarterly report on Form 10-Q, or portion there of will be
filed on or before the fifth calendar day following the
prescribed due day; and
___ (c) The accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail why the Form 10-K and Form 10-KSB, 11-K, 10-Q
and Form 10QSB, N-SAR, or the transition report or portion thereof, could not
be filed within the prescribed time period.
The Registrant has just become aware and has informed its legal counsel that
the U.S. Court of Appeals for the Ninth Circuit has upheld a decision for the
U.S. District Court regarding the Registrant's Montanore Property. Counsel
was unable to verify this information in a timely manner for inclusion in the
Form 10-KSB.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Gregory B. Lipsker (509) 455-9077
__________________ ____________ _____________________
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d)
of the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months (or for such
shorter period that the registrant was required to file such reports)
been filed? If the answer is no, identify report(s).
_X_ Yes ___ No
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(3) Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report
or portion thereof?
___ Yes _X_ No
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
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SIGNATURE
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Mines Management Inc.
has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
By: /s/ William R Green Date: March 31, 1998
_____________________________________ ______________________________
William R. Green
President
