BILLINGS, Mont.— Montana's largest mining company says its precious metals production rose modestly while recycled metal volumes dropped sharply in the first quarter of 2014.. Stillwater Mining Co. reported that platinum and palladium production from the company's two mines in the Beartooth Mountains increased by more than 3,000 ounces.
Take a look at some of Thursday's midday movers:
Oct 12- Stillwater Mining Co:. *Moody's says stillwater's proposed debt issuance is credit positive; no. *Rpt-moody's says stillwater's proposed debt issuance is credit positive; no.
Rating Action On Oct. 12, 2012, Standard& Poor's Ratings Services affirmed its' B' corporate credit rating on Billings, Mont.- based mining operator Stillwater Mining Co. The outlook is stable.
Oct 11- Stillwater Mining Co:. *Prices offering of $345.00 million of convertible senior notes. *Source text* Further company coverage ().
NEW YORK-- Shares of Stillwater Mining Co. tumbled Thursday, after the palladium and platinum producer announced plans to sell $300 million in notes.
Oct 11- Stillwater Mining Co:. *Says intends to offer $300 million aggregate principal amount of convertible. 1.875% convertible debentures in March 2013.
Oct 3- Stillwater Mining Co:. *Reports on third quarter production and commissioning of the blitz project. tunnel boring machine; provides projects update.
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Like commodities in general, metals help investors diversify as their performance bears little resemblance to that of stocks.
On Wednesday the traders were looking at opportunities in the auto space after the latest GM sales data sparked optimism about the company's approaching IPO.
Financial advisors have long recommended that investors have some precious metals in their portfolios, but years of solid gains, as well as heightened interest in inflation hedges and safe havens, have made metals more alluring than ever.
Despite last week’s four-day rally in the U.S. stock markets, the Dow, S&P and Nasdaq Composite are lingering in negative territory for the year as the three major indices are currently down 17.7%, 16.2% and 9.3% respectively as of Friday the 13th close. Investors who may be more risk averse can find some comfort in metals Exchange-Traded Funds as precious metal futures serve as safe-haven plays.