Stillwater Mining Company (SWC) Misses Q4 EPS by 3c

Stillwater Mining Company (NYSE: SWC) reported Q4 EPS of $0.05, $0.03 worse than the analyst estimate of $0.08.

Fourth Quarter 2016 Highlights:

• Announced proposed acquisition of Stillwater by Sibanye Gold Limited ("Sibanye") for USD$18 per share in cash
• PGM mined sales of 134,500 ounces, an increase of 11.8% from 120,300 ounces sold during the fourth quarter of 2015
• Costs of metals sold of $525 per PGM mined ounce, down 1.7% from $534 per PGM mined ounce for the fourth quarter of 2015
• PGM mined production of 132,100 ounces, compared to 132,400 PGM mined ounces during the fourth quarter of 2015; fourth quarter 2016 planned mined production was reduced by approximately 3,000 ounces due to weather-related road closures
• All-in sustaining costs (AISC)* of $661 per PGM mined ounce produced, up 7.8% from $613 per PGM mined ounce for the fourth quarter of 2015
• AISC for the fourth quarter of 2016 includes $15 per PGM mined ounce spend on productivity enhancement projects
• Processed 169,200 ounces of recycled palladium, platinum and rhodium, an increase of 30.4% over 129,800 ounces recycled during the fourth quarter of 2015
• Cash and cash equivalents plus highly liquid investments of $450.1 million at quarter end
• Consolidated net income attributable to common stockholders of $6.0 million, equivalent to net income of $0.05 per diluted share

For earnings history and earnings-related data on Stillwater Mining Company (SWC) click here.

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