The Production of platinum and palladium by The Stillwater Mining Company during the second quarter of 2008

Press releases

The Stillwater Mining Company produced 126,200 oz of platinum and palladium during the second quarter of 2008.

The figure is a reduction on the 133,100 oz produced in the same quarter during 2007.

However, production at the Stillwater Mine increased to 88,100 oz, up from the 84,500 oz produced in the same period last year.

The East Boulder Mine saw production dip from 48,600 oz to 38,100 oz in the second quarter of last year.

A lack of workers with the necessary skills was the reason behind the poor performance at the East Boulder Mine operation, the firm said in a statement.

Francis McAllister, Chairman and Chief Executive Officer of the firm, said that the group was re-assessing its production expectations for the coming year.

“We now believe production for full-year 2008 will be in a range between 515,000 and 525,000 oz,” he said.

Smelting and refining facilities in Columbus produced 115,000 oz of platinum group metals, an increase of 25 per cent.