Stillwater Mining Announces Q4 and Full-year 2014 Results

Stillwater Mining Co. (NYSE:SWC) announced its financial results for the year ended December 31, 2014.

As quoted in the press release:

Consolidated net income attributable to common stockholders of $70.3 million or $0.56 per diluted share, after expensing $10.4 million (before-tax) of reorganization costs

Net growth in cash and cash equivalents plus highly liquid investments of $65.5 million (before $30.0 million in debt repayment), ending 2014 with total cash and investments of $531.5 million

All-in Sustaining Costs (AISC)* averaged $784 per mined ounce of palladium and platinum, at the low end of the guidance range

Mick McMullen, president and CEO of Stillwater, stated:

I am pleased to report that 2014 was a year of significant progress on several key fronts for Stillwater Mining Company. Our annual financial results were solid, and we finished the year with a higher cash balance as well as strong fourth quarter production and AISC reductions. This momentum has continued into early 2015 which gives me confidence that the hard work performed in 2014 is starting to pay off.

Click here for the full Stillwater Mining Co. (NYSE:SWC) press release