Stillwater reports huge Q1 profit drop

Billings, Montana-based Stillwater Mining said on Thursday first-quarter profit plunged 93% to $2.4-million, dragged down by exploration expenses on a copper property the palladium producer bought last year, as well as higher production costs....

Palladium price to continue gaining ground on platinum

Supply constraints out of South Africa, the biggest platinum producer, coupled with shrinking palladium shipments from Russia, mean that the prices of the two metals will continue to move closer together, Stillwater Mining CEO Francis McAllister...

Stillwater calls off notes offering because of bad markets

Platinum and palladium producer Stillwater Mining late on Monday said it was canning a planned debt offering because of dismal market conditions. Chairperson and CEO Francis McAllister said the company had “ample” cash liquidity available to...

Stillwater Mining to buy Peregrine Metals, adding copper

US platinum-group metals miner Stillwater Mining has agreed to buy Canada's Peregrine Metals for $487.1-million, sending shares in the smaller company up 220% by the close in Toronto on Monday. The deal will give Stillwater “immediate scale in...

Russian palladium stocks seen 'at or near exhaustion' - Stillwater

Billings, Montana-based Stillwater Mining believes it's likely that Russia's infamous stockpile of palladium metal is either almost or entirely gone, CEO Francis McAllister told analysts and investors on Tuesday. Any inventories that still remain...

Stillwater completes acquisition of Marathon PGM

US palladium-miner Stillwater Mining has closed its acquisition of Canada's Marathon PGM, the company said on Tuesday. Marathon's main asset was its Marathon PGM project in Ontario, for which the company completed a definitive feasibility study...

Rival bid for Marathon PGM not seen likely

US platinum-group metals (PGM) miner Stillwater Mining "conservatively" expects it will take about three years to permit and build the Marathon PGM/copper project in Ontario, CEO Francis McAllister said on Tuesday. Shares in TSX-listed Marathon...

Stillwater Mining agrees to buy Canada's Marathon PGM

US platinum-group-metals producer Stillwater Mining has agreed to buy TSX-listed Marathon PGM for about $118-million in cash and shares, the companies announced on Tuesday. Marathon's main asset is its Marathon PGM project in Ontario, for which...

Stillwater profit up on prices, but lowers FY outlook

US platinum-group-metals (PGM) miner Stillwater Mining earned $14,6-million in the second quarter, up from $4,6-million in the same period last year, after stronger metals prices more than offset lower production volumes. Revenue rose 42%, to...

Stillwater has no details on possible Norilsk stake sale

US platinum-group-metals producer Stillwater Mining has met with representatives of majority shareholder Norilsk Nickel, to discuss the Russian firm's plans for its shares in the company, Stillwater said late on Wednesday. Norilsk, the top...

Stillwater Mining gains ground on costs, boosts outlook

US platinum-group metals miner Stillwater Mining increased its profit in the third quarter to $4,4-million, compared with $0,1-million a year earlier, in large part thanks to improvements in operating costs at the company's two Montana mines, CEO...

GM won't reconsider cancelled supply contract – Stillwater

Stillwater Mining, the only US producer of palladium, platinum and rhodium, was unable to gain any ground in talks last week with automaker General Motors, which cancelled a metal-supply contract with the miner last month. In the meeting, held on...