Stillwater Mining Reports Record Quarterly Earnings for the First Quarter

Stillwater Mining Company (NYSE:SWC) reports a record net income for the 2011 first quarter of $36.2 million, or $0.34 per diluted share, on revenues of $170.1 million.

The press release is quoted as saying,

The Company mines palladium and platinum from two underground mines located in south-central Montana. The mines produced a total of 131,200 ounces of palladium and platinum during the first quarter of 2011, a 1.7% improvement over the 129,000 ounce production in the first quarter of 2010 and an 8.3% increase from the 121,100 ounces produced during the fourth quarter of 2010.

Fot the complete press release, click here.