Stillwater Mining Upgrades 2011 Production Forecast To 515,000 Oz

Date : 07/11/2011 @ 9:04AM
Source : Dow Jones News
Stock : Stillwater Mining Company ($0.01 Par Value) (SWC)
Quote : 17.98  -0.02 (-0.11%) @ 3:59PM

Stillwater Mining Upgrades 2011 Production Forecast To 515,000 Oz

Stillwater Mining (NYSE:SWC)
Historical Stock Chart

5 Years : From Apr 2012 to Apr 2017

Click Here for more Stillwater Mining Charts.

Platinum and palladium producer Stillwater Mining Co. (SWC) said Monday it has increased its 2011 annual forecast for mined palladium and platinum production to 515,000 ounces, from its original guidance of 500,000 ounces, on higher-than-anticipated output in the first two quarters.

In the announcement of its preliminary second quarter results, Stillwater said production exceeded expectations in the first half of the year due to higher ore grades in the lower shaft area and east side of its Stillwater Mine and uninterrupted productivity during recent labor contract negotiations.

The company Monday announced the ratification of an agreement with the United Steel Workers International Union on the terms of a new four-year labor deal for workers at the Stillwater Mine and Columbus processing facilities.

-By Francesca Freeman, Dow Jones Newswires; +44 (0)20 7842 9412; francesca.freeman@dowjones.com




Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.