Stillwater Mining Upgrades 2011 Production Forecast To 515,000 Oz
July 11 2011 - 09:04AM
Dow Jones News
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
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