BILLINGS, MT--(Marketwired - Jul 17, 2014) - STILLWATER MINING COMPANY (NYSE: SWC) (TSX: SWC.U) (the "Company") today reported second quarter 2014 platinum group metals production from its Montana mines and from its recycling activities.
Production from Montana Mines
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. 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.
2014 Mine Production by Quarter
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| (Mined Ounces) |
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First Quarter |
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Second Quarter |
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Year-To-Date |
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| Stillwater Mine |
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89,700 |
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84,000 |
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173,700 |
| Palladium |
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68,900 |
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64,700 |
|
133,600 |
| Platinum |
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20,800 |
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19,300 |
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40,100 |
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| East Boulder Mine |
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41,000 |
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42,400 |
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83,400 |
| Palladium |
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31,900 |
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33,000 |
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64,900 |
| Platinum |
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9,100 |
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9,400 |
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18,500 |
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| Total |
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130,700 |
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126,400 |
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257,100 |
| Palladium |
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100,800 |
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97,700 |
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198,500 |
| Platinum |
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29,900 |
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28,700 |
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58,600 |
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Recycling Activities
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, recycled ounces processed totaled 235,800 ounces, compared to 329,200 ounces processed during the first six months of 2013 (a record year for the Company).
2014 Recycling Activity by Quarter
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| (Recycling Ounces Fed) |
| First Quarter |
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Second Quarter |
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Year-To-Date |
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| Total |
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101,500 |
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134,300 |
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235,800 |
| Palladium |
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57,600 |
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73,900 |
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131,500 |
| Platinum |
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36,300 |
|
50,300 |
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86,600 |
| Rhodium |
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7,600 |
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10,100 |
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17,700 |
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Note: Historical production and recycling information is available at www.stillwatermining.com.
Second Quarter 2014 Results Webcast and Conference Call
Stillwater Mining Company will conduct a conference call to discuss second quarter 2014 results at 12:00 noon Eastern Daylight Time on Thursday, July 31, 2014.
Dial-In Numbers:
United States: (877) 407-8037
International: (201) 689-8037
The conference call will be simultaneously webcast through the Company's website at www.stillwatermining.com in the Investor Relations section.
A telephone replay of the call will be available for one week following the event. The replay dial-in numbers are (877) 660-6853 (U.S.) and (201) 612-7415 (International), conference ID 13586838. In addition, the call transcript will be archived in the Investor Relations section of the Company's website.
About Stillwater Mining Company
Headquartered in Billings, Montana, Stillwater Mining Company is the only U.S. producer of platinum group metals (PGMs) and the largest primary producer of PGMs outside of South Africa and the Russian Federation. PGMs are rare precious metals used in a wide variety of applications, including auto catalysts, fuel cells, hydrogen purification, electronics, jewelry, dentistry, medicine, coinage and other applications. Stillwater Mining Company is engaged in the development, extraction, processing, smelting and refining of PGMs from a geological formation in southern Montana known as the J-M Reef and from the recycling of spent catalytic converters. The J-M Reef is the only known significant source of PGMs in the United States and the highest-grade PGM resource in the world. The Company also owns the Marathon PGM-copper deposit in Ontario, Canada, and the Altar porphyry copper-gold deposit located in the San Juan province of Argentina. The Company's shares are traded on the New York Stock Exchange under the symbol SWC and on the Toronto Stock Exchange under the symbol SWC.U. Information about Stillwater Mining Company can be found at its website: www.stillwatermining.com.
