BNET Industries
Market Cap:$854.7M
Last Fiscal Year Sales:$619.2M
- Public
- US
Dow Jones Description
Stillwater mines deep. Founded in 1986 and headquartered in Billings, MT, Stillwater Mining Company (NYSE: SWC) explores for, develops, extracts, processes, and refines platinum and related minerals. The company mines for platinum group metals (PGMs) at its mine in Montana for use in catalytic converters, industrial applications, and in jewelry. It produces about 430,000 ounces of palladium and 135,000 ounces of platinum per year. It has proven and probable reserves of about 42 million tons of ore. It is the only major producer of palladium in the Western Hemisphere. The company had 2005 revenue of about $507.5 million and about 1,600 full-time employees. In January 2006, it amended its credit facility to reduce the effective interest rate spread by 100 basis points on the original $140 million six-year Term Loan entered into on August 3, 2004. At the company's current debt level, this will save approximately $1 million per year in interest expense.
Number of Employees 1,364
Peer Companies
NAICS Code All Other Metal Ore Mining: 212299
Recent Events
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Stillwater Mining Reports Profit for Third Quarter
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STOCKS NEWS US-State Street says legal reserve may not be enough
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GM won't reconsider Stillwater contract
News & Analysis
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stillwater mining co. - All News and Analysis
Palladium: The New Platinum
Ray submits: I am sure you are familiar with precious metals like gold, silver and platinum, but there is one more metal that gets ignored, palladium. Palladium is a member of the platinum family and is, actually, much more rare than platinum. This metal just might be...
The Future of Cold Fusion Investing
Cold Fusion, that pariah of established science, made a comeback in March as the US Navy’s Space and Naval Warfare Center went public with results which they believed confirmed that low energy nuclear reactions were present, repeatable and decisively demonstrable in their specialized palladium/heavy water experiments. by Roland Watson
Stilllwater Mining Co.: A Not for the Faint of Heart Palladium Mining Play
Ron Rowland submits: By Brandon Clay In 1803, scientist William Hyde Wollaston discovered a new metal in South America. Found in platinum ore, Wollaston isolated the metal using a complex chemical solution. This metal would eventually be used in everything from tuberculosis treatments to multilayer ceramic capacitors. Jewelers, photographers, artists,...
Stillwater Mining Company Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator instructions And we have on line John Bridges with JP Morgan, please go ahead. Frank McAllister Hi, John. Ankush Agarwal – JP Morgan Hi, Frank, Greg. This is Ankush Agarwal. Frank McAllister Ankush, how are you doing? Ankush Agarwal – JP Morgan Good...
Today's True Safe Haven Investments
Mark Anthony submits: Yesterday, barely one week after the fall of Fannie Mae FNM and Freddie Mac FRE, we saw the fall of the third and fourth largest financial institutions at the same time. Lehman Brothers LEH filed for bankruptcy, and Merrill Lynch MER sold itself to Bank of America...
Commodity Roundup: What to be Bullish On Now
Mark Anthony submits: In recent weeks, we have seen the worst sell-off of commodities in the history of commodity trading. The magnitude and viciousness of the sell-offs made many traders wonder whether a slowing global economy could mean commodities are no longer bullish fundamentally. These commodities sell-offs are precisely...
Seven Montana Stocks
Stockerblog submits: Ranked 48th in population when compared nationally, Montana has plenty of room to accommodate tourists and visitors, as well as plenty of natural wonders, including Yellowstone National Park and Glacier National Park. Tourism, agriculture, and mining are Montana’s primary sources of income. Below are some interesting facts...
Of Wars and Strategic Metals
Mark Anthony submits: Originally posted August 26 The 29th Olympics Games has concluded nicely in Beijing, and so ended the One Dream of One Harmonic World. The War of Georgia broke out on the very eve of the Olympics Opening. The fireworks we watched were so brilliantly streaming! And...
Stillwater Mining Company Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you sir. Operator instructions. And our first question will come from the line of John Ridges with JP Morgan. Please go ahead. Francis McAllister Hi John. Ankush Garg Hi Frank this is Ankush on behalf of John, congratulations on the results. Francis McAllister Thank you Ankush....
Stillwater Mining Company Q1 2008 Earnings Call Transcript
Question-and-Answer Session [Inaudible Audience Question] Francis R. McAllister That statistic would be all mine employees not just the miners. [Inaudible Audience Question] Francis R. McAllister That’s correct. [Inaudible Audience Question] Francis R. McAllister Yes. Let me go back to my earlier comment, and I’m sure it’s...
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