Stillwater’s Q2 Platinum, Palladium Production Sinks from 2012

Stillwater Mining Co. (TSX:SWC,NYSE:SWC) announced that during the second quarter of 2013, mined platinum and palladium production at its Montana operations came to a total of 131,500 ounces, down from 133,400 ounces in the year-ago quarter.

As quoted in the press release:

For the first six months of 2013, total mined production of 258,600 ounces was up 1.7% from the 254,200 ounces reported in the first half of 2012. Based on results to date and projections for the remainder of the year, the Company reiterates its full year guidance for 2013 of approximately 500,000 ounces of mined palladium and platinum.

During the first half of 2013, the Company processed a record 329,200 ounces of PGMs from recycled material, a 42.9% increase from approximately 230,400 ounces processed during the first six months of 2012. Supporting this were two successive record quarters at the Company’s recycling facilities, with 175,000 ounces of palladium, platinum and rhodium processed in the second quarter of 2013, following on 154,200 ounces processed during the first quarter. In the second quarter of 2012, the Company processed 123,100 ounces of recycled PGMs.

Click here to read the full Stillwater Mining Co. (TSX:SWC,NYSE:SWC) press release.