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stillwater mining co (SWC*) Snapshot

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52 Week High
07/9/14 - $246.11
52 Week Low
10/11/13 - $136.65
Market Cap
28.6B
Average Volume 10 Days
3.9K
EPS TTM
--
Shares Outstanding
119.8M
EX-Date
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Current Stock Chart for STILLWATER MINING CO (SWC*)

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stillwater mining co (SWC*) Details

Stillwater Mining Company is engaged in developing, extracting, processing, smelting, refining, and marketing platinum group metals (PGMs). The company operates through Mine Production, PGM Recycling, Canadian Properties, and South American Properties segments. It primarily explores for palladium, platinum, and other PGMs, as well as for nickel, copper, gold, silver, and rhodium ores. The company conducts its mining operations at the Stillwater mine, which is located near Nye, Montana; and at the East Boulder mine located in Sweet Grass County, Montana. It is also involved in developing Marathon, a PGM-copper project located in Ontario, Canada; and exploring Altar, a copper-gold project, which includes 8 wholly-owned mining concessions covering 7,771 hectares, 5 optioned mining concessions covering 3,705 hectares, and 1 staked mineral concession comprising 469 hectares in San Juan, Argentina. It also operates a smelter and base metal refinery located in Columbus, Montana, as well as recycles spent catalyst material to recover palladium, platinum, and rhodium at its smelter and base metal refinery. Stillwater Mining Company was founded in 1992 and is headquartered in Billings, Montana.

1,729 Employees
Last Reported Date: 05/1/14
Founded in 1992

stillwater mining co (SWC*) Top Compensated Officers

Chief Executive Officer, President, Executive...
Total Annual Compensation: $51.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $371.0K
Vice President of Legal Affairs and Corporate...
Total Annual Compensation: $239.3K
Vice President of Human Resources, Safety & H...
Total Annual Compensation: $225.0K
Vice President of Corporate Development
Total Annual Compensation: $386.2K
Compensation as of Fiscal Year 2013.

stillwater mining co (SWC*) Key Developments

Stillwater Mining Co. Reports Production Results for the Second Quarter and Year-to-Date of 2014

Stillwater Mining Co. reported production results for the second quarter and year-to-date of 2014. Production of palladium and platinum from the Company's Montana mine operations totaled 126,400 ounces in the second quarter of 2014 compared with total mine production of 131,500 in the same period of 2013. During the second quarter of 2014, total volumes of palladium, platinum and rhodium processed from recycled material totaled 134,300 ounces, a decrease from 175,000 ounces processed during the same period in 2013. For the first six months of 2014, total mined production was 257,100 ounces, down slightly from the 258,600 ounces produced during the first six months of 2013. For the first six months of 2014, recycled ounces processed totaled 235,800 ounces, compared to 329,200 ounces processed during the first six months of 2013.

Stillwater Mining Company and Johnson Matthey Agree to a Five-Year Platinum Group Metal Refining and Sales Agreement

Stillwater Mining Co. announced that it has agreed to a five-year platinum group metal (PGM) refining and sales contract with Johnson Matthey. The key terms of the agreement are: Johnson Matthey will purchase all of Stillwater's mined palladium and a significant share of their mined platinum based on an annual pricing mechanism linked to various industry benchmarks, with Stillwater retaining the ability to opt out of the metal sales agreement under certain terms and the payment of a nominal fee. Stillwater will utilize Johnson Matthey's refining services for all of its mined production and recycling material at competitive terms. Stillwater will realize a one-time working capital release in the range of $17 million to $22 million because of the timing of the new sales agreement. Stillwater and Johnson Matthey agree to cooperate, where appropriate, to secure material for Stillwater's recycling business. Johnson Matthey will provide its proprietary PGM market analysis services to Stillwater. Stillwater and Johnson Matthey agree to actively collaborate on technical items in an effort to optimize the PGM smelting and refining process. The agreement will be effective on July 1, 2014 and has a term of five years. The contract contains a clause allowing Stillwater the ability to terminate the agreement for a nominal fee.

Stillwater Mining Company Reports Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Year 2014

Stillwater Mining Company reported unaudited consolidated earnings and operating results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues of $219,499,000 against $250,648,000 a year ago. Operating income was $24,977,000 against $19,224,000 a year ago. Income before income tax provision was $24,164,000 against $19,154,000 a year ago. Net income was $19,039,000 compared to $14,304,000 a year ago. Net income attributable to the common stockholders was $19,572,000 or $0.15 per diluted share against $14,583,000 or $0.12 per diluted share a year ago. Net cash provided by operating activities were $4,765,000 compared to $15,502,000 a year ago. Capital expenditures were $26,133,000 compared to $29,406,000 a year ago. For the first quarter of 2014, the company's Montana mines produced a total of 130,700 ounces of palladium and platinum, a 2.8% increase compared to mine production of 127,100 ounces in the first quarter of 2013. The 18.8% increase in East Boulder Mine production in this year's first quarter compared to the first quarter of 2013 was driven by slightly higher realized ore grades and higher tons mined. The 3.0% decline in ounces produced at the Stillwater Mine reflected lower ore tons mined and increased allocation of resources to development activities during the 2014 first quarter compared to the first quarter of 2013. Combined total cash costs per mined ounce, net of by-product and recycling credits, (a non-GAAP measure) averaged $568 per ounce for the quarter ended March 31, 2014. The company's Stillwater Mine produced 89,700 ounces of palladium and platinum, a decrease of 3.1% from the 92,600 ounces produced in the first quarter of 2013. Production at the company's East Boulder Mine of 41,000 ounces in the first quarter of 2014 reflected an increase of 18.8% over the 34,500 ounces produced in the same quarter of 2013. The company provided earnings guidance for the year 2014. For the year, the company updated and improved its previously provided financial guidance, the company expects mined production (palladium and platinum ounces) to be in the range of 520,000 ounces to 535,000 ounces compared to 520,000 ounces to 535,000 ounces. Capital expenditures expected to be in the range of $130 million to $140 million from previous guidance of $145 million to $155 million. Sustaining capital expenditures expected to be in the range of $85 million to $90 million from previous guidance of $97 million to $103 million. Project capital expenditures expected to be in the range of $45 million to $50 million from previous guidance of $48 million to $52 million. The company also lowered its total cash cost per mined ounce range to $540 to $590 from previously $560 to $600.

 

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