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SUNSHINE MINING ANNOUNCES THIRD QUARTER RESULTS

 SUNSHINE MINING ANNOUNCES THIRD QUARTER RESULTS
 DALLAS, Nov. 15 /PRNewswire/ -- Sunshine Mining Company (NYSE: SSC)


announced a net loss for the third quarter ended Sept. 30, 1991 of $8.4 million compared to $34.4 million for the third quarter of 1990. After giving effect to the preferred dividend requirements, the loss applicable to common shares was $.10 per share compared to $.39 per share for the third quarter of 1990.
 Production from the Sunshine Mine for the third quarter was approximately
685,000 ounces of silver, compared to 1.3 million ounces in 1990. Average silver prices were $4.09 per ounce in the third quarter of 1991 compared to $4.87 per ounce in the third quarter of 1990.
 Sunshine also announced that it would not pay the regular quarterly dividend due Dec. 31, 1991 on its outstanding shares of $11.94 (Stated Value) Cumulative Redeemable Preferred Stock.
 SUNSHINE MINING COMPANY
 Summary of Financial Information
 (Amounts in thousands, except per share amounts)
 Periods ended Quarter Nine Months
 Sept. 30 1991 1990 1991 1990
 Operating revenues $ 2,921 $ 9,464 $ 20,346 $ 29,520
 Loss from continuing
 operations (8,413) (35,384) (24,393) (50,755)
 Gain (loss) from
 discontinued operations -- 1,000 -- (3,186)
 Net loss (8,413) (34,384) (24,393) (53,941)
 Preferred dividend
 requirements 3,130 3,235 9,600 9,705
 Loss applicable to
 common shares $(11,543) $(37,619) $(33,993) $(63,646)
 Loss per common share:
 Continuing operations $ (.10) $ (.40) $ (.31) $ (.63)
 Discontinued operations -- .01 -- (.03)
 Loss per common share $ (.10) $ (.39) $ (.31) $ (.66)
 Weighted average common
 shares outstanding 113,923 97,581 109,463 95,766
 -0- 11/15/91
 /CONTACT: William W. Davis of Sunshine Mining, 214-855-8700/
 (SSC) CO: Sunshine Mining Company ST: Texas IN: MNG SU: ERN FC -- NY066 -- 1592 11/15/91 13:36 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Date:Nov 15, 1991
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