Edition:
United States

Stillwater Mining Co (SWC.N)

SWC.N on New York Stock Exchange

17.40USD
24 Mar 2017
Change (% chg)

$-0.01 (-0.06%)
Prev Close
$17.41
Open
$17.45
Day's High
$17.46
Day's Low
$17.39
Volume
316,088
Avg. Vol
541,951
52-wk High
$17.53
52-wk Low
$9.03

Latest Key Developments (Source: Significant Developments)

Sibanye receives S.African Reserve Bank clearance for Stillwater deal
Tuesday, 21 Feb 2017 01:44am EST 

Sibanye Gold Ltd : Sibanye receives SARB approval for proposed Stillwater acquisition . Received approval of South African Reserve Bank for proposed acquisition of Stillwater Mining Company .Says transaction remains on schedule for closure during second calendar quarter of 2017.  Full Article

Stillwater Mining reports Q4 earnings per share $0.05
Thursday, 16 Feb 2017 08:00am EST 

Stillwater Mining Co - : Stillwater Mining Company reports fourth quarter and full-year 2016 results . Q4 earnings per share $0.05 . Q4 earnings per share view $0.08 -- Thomson Reuters I/B/E/S . Quarterly total revenues $215.4 million versus $172.0 million .Q4 revenue view $193.3 million -- Thomson Reuters I/B/E/S.  Full Article

Sibanye says U.S. antitrust condition satisfied for Stillwater deal
Thursday, 19 Jan 2017 01:13am EST 

Sibanye Gold Ltd : Has received early termination of waiting period under Hart-Scott-Rodino Act with respect to proposed acquisition of Stillwater by Sibanye . Effect of early termination is that antitrust condition required for transaction has now been satisfied .Transaction is expected to close in second calendar quarter of 2017.  Full Article

Sibanye to acquire stillwater mining company for $2.2 billion
Friday, 9 Dec 2016 01:04am EST 

Stillwater Mining Co : Stillwater mining-deal for an all-cash transaction at $18.00 per share, a 25% premium to stillwater's 30 day volume-weighted average share price . Stillwater-Sibanye secured bridge financing of $2.7 billion provided by citi and hsbc to fund deal ,repay certain existing indebtedness of stillwater . Stillwater mining -co required to pay break-up fee of $16.5 million,reimburse sibanye for up to $10 million of expenses in event merger is terminated . Stillwater mining-sibanye's two largest shareholders, gold one international ltd. & ublic investment corporation ltd have confirmed support of deal . Stillwater-Sibanye required to pay reverse break-up fee of $33 million and reimburse stillwater for up to $10 million of expenses in event merger agreement .Sibanye to acquire stillwater mining company for $2.2 billion.  Full Article

S.Africa's Sibanye to buy Stillwater Mining for $2.2 bln
Friday, 9 Dec 2016 12:55am EST 

Sibanye Gold Limited : Proposed acquisition of stillwater Mining Company: creating a premier, global precious metals miner . Has agreed to acquire all of outstanding common stock of Stillwater Mining for $18.00 per share in cash, or $2.2 billion in aggregate . Consideration represents a premium of 23 pct to Stillwater's prior day closing share price . Post-closing of transaction, Sibanye expects to raise in capital markets new debt and at least $750 million in equity through a rights issue . Sibanye's two largest investors, which in aggregate represent 29 pct of Sibanye's issued share capital, have confirmed their support of deal . Board of directors of Stillwater has recommended that stockholders of Stillwater vote in favour of transaction . Transaction is expected to close in Q2 of 2017 . Sibanye is targeting a net debt-to-2017 EBITDA ratio of no greater than 1.5x by end of fiscal year 2017 . Has obtained a $2.7 bln bridge loan commitment from Citi and HSBC to fund transaction consideration and repay stillwater's convertible debentures .Board of directors of Stillwater has unanimously determined and resolved that transaction is advisable, fair to and in best interests of co and stockholders.  Full Article

Stillwater Mining reports Q2 EPS of $0.01
Friday, 29 Jul 2016 08:00am EDT 

Stillwater Mining Co : Q2 earnings per share $0.01 . Q2 earnings per share view $0.00 -- Thomson Reuters I/B/E/S . Q2 revenue view $157.2 million -- Thomson Reuters I/B/E/S . Quarterly total revenues $165.7 million versus $185.4 million . Quarterly mined palladium and platinum sales of 150,900 ounces, an increase of 13.5 percent from 133,000 ounces sold during Q2 of 2015 .Forecasting $155 million to $175 million capital expenditures for Blitz project to first production.  Full Article

Stillwater Mining posts Q1 loss of $0.08/share
Friday, 6 May 2016 08:00am EDT 

Stillwater Mining Co : Stillwater Mining Company reports first quarter 2016 results . Q1 loss per share $0.08 . Q1 earnings per share view $-0.06 -- Thomson Reuters I/B/E/S . Says guidance for full-year 2016 remains unchanged . Qtrly total revenue $133.6 million versus $200.5 million . Q1 revenue view $153.0 million -- Thomson Reuters I/B/E/S .Qtrly mined palladium and platinum production of 137,300 ounces, an increase of 3.0%.  Full Article

Stillwater Mining Company announces tentative agreement reached on labor contract at Stillwater Mine and Columbus Processing Facility
Thursday, 28 May 2015 08:00am EDT 

Stillwater Mining Company:Reaches tentative agreement with the United Steel Workers International Union on the terms of a new labor agreement at the Stillwater Mine and Columbus processing facility.Says current contract, scheduled to expire on June 1, 2015, has been extended for one week.Says members of United Steel Workers Local 11-001 will vote on the proposed agreement on June 4 and June 5.Negotiating Committee for the Union and the representative for USW International are unanimously recommending ratification of the tentative agreement to members of the United Steel Workers Local 11-001.Approval by the union membership is required to ratify the tentative agreement.  Full Article

More From Around the Web

U.S. extends scrutiny of South Africa's Sibanye Gold takeover of Stillwater

JOHANNESBURG The Committee on Foreign Investment in the United States will extend its scrutiny of a $2.2 billion takeover by South Africa's Sibanye Gold of the only U.S. miner of platinum and palladium, Stillwater Mining , Sibanye said on Friday.