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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 VYJmNSN2oVPCFDt0xbwLYvJsLvEYoIxEkdoqgSnTw8Di7WVFq9HismWPj1zpEzU/
 nqURPqRXvqsdw/fWsgAAKw==

<SEC-DOCUMENT>0000912282-07-001094.txt : 20071109
<SEC-HEADER>0000912282-07-001094.hdr.sgml : 20071109
<ACCEPTANCE-DATETIME>20071109165705
ACCESSION NUMBER:		0000912282-07-001094
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20071105
FILED AS OF DATE:		20071109
DATE AS OF CHANGE:		20071109

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MINES MANAGEMENT INC
		CENTRAL INDEX KEY:			0000066649
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				910538859
		STATE OF INCORPORATION:			ID
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		905 W RIVERSIDE AVENUE
		STREET 2:		SUITE 311
		CITY:			SPOKANE
		STATE:			WA
		ZIP:			99201
		BUSINESS PHONE:		5098386050

	MAIL ADDRESS:	
		STREET 1:		905 W RIVERSIDE AVENUE
		STREET 2:		SUITE 311
		CITY:			SPOKANE
		STATE:			WA
		ZIP:			99201

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Silver Wheaton Corp.
		CENTRAL INDEX KEY:			0001323404
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32074
		FILM NUMBER:		071232563

	BUSINESS ADDRESS:	
		STREET 1:		PARK PLACE, SUITE 3150 - 666 BURRARD ST.
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2X8
		BUSINESS PHONE:		604 684 3123

	MAIL ADDRESS:	
		STREET 1:		PARK PLACE, SUITE 3150 - 666 BURRARD ST.
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2X8
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>silverw_form3-minesex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2007-11-05</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000066649</issuerCik>
        <issuerName>MINES MANAGEMENT INC</issuerName>
        <issuerTradingSymbol>MGN</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001323404</rptOwnerCik>
            <rptOwnerName>Silver Wheaton Corp.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>PARK PLACE, SUITE 3150 - 666 BURRARD ST.</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>VANCOUVER</rptOwnerCity>
            <rptOwnerState>A1</rptOwnerState>
            <rptOwnerZipCode>V6C 2X8</rptOwnerZipCode>
            <rptOwnerStateDescription>BRITISH COLUMBIA, CANADA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Shares</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2500000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>/s/ Michael Johnson, VP, Legal</signatureName>
        <signatureDate>2007-11-09</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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