Market slide cut short by tragedy
Denver — Bombing of the World Trade Center in New York on Sept. 11 halted trading among financial markets already battered by bad economic news. The Dow Jones industrial average fell 391.98 points (4…
Stillwater Mining Company - Metallurgical Complex
Dow dips below 10,000 mark
Denver — Growing market pessimism pushed the Dow Jones industrial average below the 10,000 mark, down 224.54 points, or 2.2%, to 9997.49 points during the report period ended Sept. 4. The Nasdaq drop…
Interest rate cut falls flat
Denver — Financial markets sank in response to the U.S. Federal Reserve’s latest quarter-point interest rate cut, sending the Dow Jones industrial average down 238.03 points, or 2.3%, for the report …
High PGM prices are here to stay
Robust prices can mask a multitude of sins, though not for long in mining, the most cyclical of all major industries. Producers of platinum group metals (PGMs) seem relatively immune to the old adage,…
IDO misses the mark
Vancouver — A 7-hole drill program by Idaho Consolidated Metals (IDO-V) has failed to cut any significant platinum-palladium mineralization at the Stillwater property in Montana.Five of the holes wer…
Gold miners take a beating
Denver — The Dow Jones industrial average climbed 281.69 points, or 2.8%, during the report period ended July 31 to close at 10,522.81, while spot gold on the Comex division of the New York Mercantil…
Gold hangs on as market teeters
Denver — The Dow Jones industrial average fell 472.36 points, or 4.4%, to 10,175.64 in the U.S. holiday-shortened report period ended July 10, amid warnings of poor second-quarter earnings. The Nasda…
Market waits for Fed cut
Denver — The prospect of an interest rate cut by the U.S. Federal Reserve held back the Dow Jones industrial average, which sank 124.19 points, or 1.2%, to 10,472.48 for the June 20-26 report period….
Market weakens entering summer
Denver — The Dow Jones industrial average slumped 351.71 points, or 3.2%, to 10,596.67 for the report period ended June 19, as the market slipped into the summer doldrums. The Nasdaq dipped below 2,0…
Gold regains lost ground
Denver — The Dow Jones industrial average sunk 227.46 points, or 2%, to close at 10,948.38 for the report period ended June 12, while spot gold on the Comex division of the New York Mercantile Exchan…
Stillwater enjoys record year at mine
With a new chairman and chief executive officer at the helm, Stillwater Mining (SWG-A) is forging ahead with an ambitious expansion program at its namesake mine and East Boulder project in the Beartoo…
Idaho Cons. drills at Stillwater
Denver — In search of the JM Reef, Idaho Consolidated Metals (IDO-V) has begun drilling at the Crescent Creek and Iron Creek targets in the Stillwater complex of southwestern Montana. Initially, the …