Officials at Stillwater Mining Co. have reported the scaling back of the Marathon PGM-copper project owned by their subsidiary, Stillwater Canada Inc. Limited exploration will continue for the current season and continuation contingent on positive results; permitting had previously been suspended.

Although alternatives are under review with potential to enhance the project’s economic performance, “today’s markets do not provide an acceptable return,” the Billings, Montana-based Stillwater said in a statement.

Stillwater previously advised 2014 project expenditures between $5 and $10 million; reductions now mean a range of $4 to $6 million, according to company officials. Representatives also forecast annual project costs between $1 to $3 million based on exploration activity.


DFP Boombox Upper


Resource Center Whitepapers, Videos, Case Studies

Let's stay in touch!

All of the latest mining news and our digital edition sent to your inbox once a week.

We'll never share your email address, and you can opt out at any time, we promise.