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...

Peregrine announces $11.8m rights offering

Peregrine Diamonds, which has an exploration joint-venture with BHP Billiton in Nunavut, on Tuesday said it planned to raise C$11.8-million through a rights issue. Under the proposed offering, shareholders of record at the close of business on...

Stillwater's McAllister 'not discounting' $3 000/oz platinum in 12 months

The platinum price could reach as high as $2 500/oz and palladium $1 400/oz, Montana-based miner Stillwater CEO and chairperson Frank McAllister said on Wednesday. The combination of sharp cost increases in South Africa, the world’s source for...

Stillwater looking at more assets for potential acquisitions

US platinum-group-metals producer Stillwater Mining is looking at “a number of things” for continued growth of the company, CEO Frank McAllister told analysts on Tuesday. Stillwater, which produces palladium and platinum from two mines in the...

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...

Platinum-palladium price gap will narrow further - Stillwater

The difference between the prices for platinum and palladium will likely continue to decrease, Stillwater Mining CEO Frank McAllister said on Thursday. Both metals are used primarily in emissions-reducing autocatalysts, but platinum is currently...

Stillwater Mining increased platinum, palladium output in Q3

US platinum-group metals (PGM) producer Stillwater Mining increased its production in the third quarter to 129 100 oz, compared with 120 000 oz in the same period a year earlier, and expects to beat its full-year guidance of 496 000 oz for 2009....

GM offers talks on cancelled contract – Stillwater

Automaker General Motors (GM) has offered to hold talks with US platinum-group metals producer Stillwater Mining over the car manufacturer's decision to suddenly scrap a metal supply contract, Stillwater CEO Francis McAllister said on Thursday.

Stillwater to lose PGM sales contract under GM bankruptcy petition

US platinum-group metals producer Stillwater Mining said on Wednesday it plans to file an objection after automaker General Motors petitioned the bankruptcy court to reject a palladium and rhodium supply agreement between the two firms....