Stillwater Mining Company (NYSE:SWC,TSX:SWC.U) reported Tuesday that it is planning to scale back activities regarding its Marathon PGM-copper project. Limited exploration activities will still continue for the current field season, however.
As quoted in the press release:
Stillwater Canada Inc has been exploring ways to improve the economics of the Marathon PGM-copper project. While several alternatives under review have the potential to enhance the project’s economic performance, in today’s markets these options do not provide an acceptable economic return on the project. As a result, Stillwater Canada Inc is scaling back activities for the Marathon PGM-copper project.