Stillwater Mining Records Q3 Net Loss of $201.5 Million

Precious Metals

Stillwater Mining Co. (TSX:SWC.U,NYSE:SWC) announced its results for the third quarter of 2013, commenting that it recorded a consolidated net loss attributable to common stockholders of $201.5 million, or $1.69 per diluted share. That includes a $290.4-million (before-tax) impairment charge on its Argentina-based Altar property.

Stillwater Mining Co. (TSX:SWC.U,NYSE:SWC) announced its results for the third quarter of 2013, commenting that it recorded a consolidated net loss attributable to common stockholders of $201.5 million, or $1.69 per diluted share. That includes a $290.4-million (before-tax) impairment charge on its Argentina-based Altar property.

Other highlights include:

  • Third quarter mine production of 124,200 PGM ounces, 2013 full-year mine production guidance increased to a range of 505,000 to 515,000 ounces of PGMs
  • 167,500 ounces of PGMs processed from recycled material during the third quarter, a 74.1% increase over the third quarter of 2012
  • Third quarter total cash costs of $427 per mined ounce – 2013 total cash costs guidance reduced to a range of $530 to $540 per ounce
  • Capital expenditure guidance for 2013 reduced further to a range of $125 to $135 million
  • Cash and highly liquid investments totaling $464.2 million at September 30, 2013

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

The Conversation (0)
×