Profile: Stillwater Mining Co (SWC)
29 Mar 2017
Stillwater Mining Company, incorporated on December 2, 1992, is engaged in the development, extraction, processing, smelting and refining of palladium, platinum and associated metals (platinum group metals (PGMs)) produced by mining a geological formation in south-central Montana, known as the J-M Reef. The Company operates through five segments: Mine Production, PGM Recycling, Canadian Properties, South American Properties and All Other. The Company is engaged in recycling spent catalytic converters and other industrial sources. The Company is also engaged in expanding its mining development along the J-M Reef, and holds exploration-stage properties at the Marathon PGM copper property, adjacent to Lake Superior in northern Ontario, Canada (Marathon), and at the Altar copper-gold property in San Juan province, Argentina. In addition to palladium and platinum, the Company's operations produce associated by-product metals, including nickel, copper and minor amounts of gold, silver and rhodium. The Company conducts mining operations at its Stillwater Mine near Nye, Montana, and at its East Boulder Mine south of Big Timber, Montana. The Company operates a smelter and base metal refinery in Columbus, Montana, which upgrades the mined concentrates into a PGM-rich filter cake.
As of December 31, 2016, the Company was engaged in developing the Blitz project, which included elements, such as a tunnel boring machine (TBM), which was focused to drive approximately 23,000 feet of access tunnel to the east from the existing Stillwater Mine infrastructure; a second underground drift parallel to the TBM drive and approximately 600 feet above it, driven by conventional methods, and the construction of a surface portal and a decline focused to intersect the two Blitz drifts approximately four miles to the east of the existing Stillwater Mine facilities.
The Mine Production segment consists of business components, including the Stillwater Mine and the East Boulder Mine. The Mine Production segment is engaged in the development, extraction, processing and refining of PGMs. The Company sells PGMs from mine production under short-term and long-term sales agreements. The PGM Recycling segment is engaged in the recycling of spent catalyst material to recover the PGMs contained in the material. The Canadian Properties segment consists mainly of the Marathon mineral property assets. The exploration-stage Marathon mineral properties include a PGM and copper deposit located near the town of Marathon, Ontario, Canada, as well as additional mineral properties located adjacent to the Marathon properties. The South American Properties segment consists of the Peregrine Metals Ltd. assets. The principal Peregrine asset is the Altar property, an exploration-stage copper-gold resource located in the San Juan province of Argentina.
Stillwater Mining Co
1321 Discovery Dr
BILLINGS MT 59102-7343
Company Web Links
- U.S. extends scrutiny of South Africa's Sibanye Gold takeover of Stillwater
- UPDATE 1-U.S. extends scrutiny of South Africa's Sibanye Gold takeover of Stillwater
- BRIEF-Sibanye receives S.African Reserve Bank clearance for Stillwater deal
- BRIEF-Stillwater Mining reports Q4 earnings per share $0.05
- South Africa's Sibanye secures $2.65 billion finance for Stillwater deal