X0306 4/A 2014-06-11 2014-06-13 0 0000066649 MINES MANAGEMENT INC MGN 0001281821 BABCOCK RUSSELL C 1418 E. KRISTIANNA CIRCLE SALT LAKE CITY UT 84103 1 0 0 0 Stock Options (Right to Buy) 0.91 2014-06-11 4 A 0 50000 0 A Common Stock 50000 50000 D This amendment is being filed solely to add the power of attorney. Vesting of the stock options is as follows: (i) 50% upon the earlier of (x) the issuance of the Final Draft of the Environmental Impact Statement by the U.S. Forest Service and the Montana Department of Environmental Quality in connection with the Montanore Project of Mines Management, Inc. (the "Company") or (y) November 30, 2014 and (ii) 50% upon the earlier of (x) issuance of a Record of Decision by the U.S. Forest Service and the Montana Department of the Environmental Quality in connection with the Company's Montanore Project or (y) April 15, 2015. The stock options were granted pursuant to a Company equity incentive plan. The expiration date of the stock options is equal to the five year anniversary of the date on which the stock options vest. EXHIBITS Exhibit 24.1 - Power of Attorney /s/ Douglas D. Dobbs for Russell C. Babcock Pursuant to Power of Attorney 2014-12-19