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....

Mitsubishi buys 25% of Marathon PGM project

Billings, Montana-based palladium and platinum producer Stillwater Mining has agreed to sell a 25% stake in its Marathon project in Ontario to Mitsubishi for $94.6-million, including a commitment from the Japanese firm to meet the venture’s...

A year down the line, Marathon Gold team doing it again

Marathon Gold has been busy in the year since it was spun out of Marathon PGM when US-based Stillwater Mining bought the company, and aims to publish a preliminary economic assessment (PEA) of its flagship Valentine Lake project in Newfoundland by...

'Full speed ahead' for Peregrine at Nunavut diamond project

As choppy markets toss mining juniors around like pieces of driftwood, business is looking decidedly bright for exploration outfit Peregrine Diamonds, which owns properties on Nunavut’s Baffin Island. First, the company has a joint venture with...

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...

Stillwater slips on news Norilsk will sell shares

Shares in Stillwater Mining fell 8,4% on Monday morning, after the company announced that its biggest shareholder, Norilsk Nickel, plans to cut its holding in the US palladium miner . Norilsk subsidiary Norimet will sell 37-million Stillwater...

Former Barrick exec joins Anglo board

Diversified miner Anglo American has appointed former Barrick Gold executive Jack Thompson as a nonexecutive board member. The appointment of Thompson, who was vice-chairperson of the world's largest gold producer between 2001 and 2005, would be...

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...

Palladium stands to gain from growing PGM interchangeability

Recent technological advances mean that the three platinum-group metals – platinum, palladium and rhodium – can be increasingly substituted for one another in a variety of industrial applications, and particularly in emissions-reducing...