Stillwater Mining Company (SWC) Misses Q2 EPS by 33c
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Stillwater Mining Company (NYSE: SWC) reported Q2 EPS of ($0.23), $0.33 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $185.4 million versus the consensus estimate of $209.04 million.
Second Quarter 2015 Highlights:
- Processed 151,600 ounces of recycled palladium, platinum and rhodium, an increase of 12.9% over 134,300 ounces recycled during the second quarter of 2014
- Consolidated net loss attributable to common stockholders of $27.5 million or $0.23 per share, including a $46.8 million (before-tax) impairment charge taken on the Marathon mineral properties
- Mined palladium and platinum production of 127,000 ounces, a slight increase from 126,400 ounces mined during the second quarter of 2014
- All-in Sustaining Costs (AISC)* of $785 per mined ounce of palladium and platinum, compared to $792 per mined ounce for the second quarter of 2014
- Cash and cash equivalents plus highly liquid investments of $531.2 million at quarter end, after $11.0 million increase in recycle working capital during the second quarter
- Labor contract with employees expired during the quarter; represented employees at the Stillwater Mine and Columbus processing facilities continue to work under the terms of the previous agreement
For earnings history and earnings-related data on Stillwater Mining Company (SWC) click here.
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