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Stillwater Mining Reports Highest Earnings in a Decade
Feb. 22, 2011 09:27PM PST
Base Metals Investing Stillwater Mining Company (NYSE:SWC) announces 2010 net income of $50.4 million.
Stillwater Mining Company (NYSE:SWC) announces 2010 net income of $50.4 million.
The press release is quoted as saying:
The 2010 net income compares to a full-year 2009 net loss of $8.7 million, or $0.09 per share, on revenues of $394.4 million. Factoring into the net loss in 2009 was an $8.1 million non-cash charge related to the issuance during the fourth quarter of approximately 1.8 million common shares to retire $15 million principal amount of the Company’s outstanding 1.875% convertible debentures.
Click here to access the entire press release