| Business Summary | | Stillwater
Mining
Company
mines,
processes
and
refines
to
a
PGM
(platinum
group
metals)-rich
filter
cake
palladium,
platinum
and
associated
metals
from
a
geological
formation
in
southern
Montana,
known
as
the
J-M
Reef.
Associated
by-product
metals
of
PGMs
include
rhodium,
gold,
silver,
nickel
and
copper.
The
J-M
Reef
is
a
mineralized
zone
containing
PGMs
that
has
been
traced
over
a
strike
length
of
approximately
28
miles.
All
of
the
Company's
mining
operations
are
conducted
at
the
Stillwater
Mine
in
Nye,
Montana.
The
Company
is
expanding
production
at
the
Stillwater
Mine,
and
is
developing
a
second
mine
at
the
East
Boulder
Mine,
approximately
13
miles
west
of
the
J-M
Reef.
As
of
December
31,
2000,
the
Company
had
proven
and
probable
reserves
of
approximately
35.6
million
tons
of
ore,
with
an
average
grade
of
0.71
ounces
of
PGMs
per
ton,
containing
approximately
25.3
million
ounces
of
palladium
and
platinum,
in
a
ratio
of
approximately
3.3
parts
palladium
to
one
part
platinum. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SWC
mines,
processes
and
refines
palladium,
platinum
and
related
metals
from
a
geological
formation
in
southern
Montana
called
the
J-M
Reef,
which
is
the
only
major
source
of
platinum
group
metals
outside
of
South
Africa
and
Russia.
For
the
six
months
ended
6/30/01,
revenues
increased
69%
to
$165.2
million.
Net
income
before
acct.
change
rose
66%
to
$50.7
million.
Results
reflect
an
increase
in
palladium
group
metal
prices,
and
tons
milled,
partially
offset
by
higher
costs
per
ounce. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Francis McAllister, 58 Chairman,
CEO | -- | Harry Smith, 52 Pres
and COO | $462K | James Sabala, 46 VP
and CFO | 251K | John Stark, 47 VP,
HR | -- | Ronald Clayton, 42 VP,
Stillwater Mine Operations | 122K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|