Stillwater Mining Company has cut its full-year production guidance slightly after bad weather affected its operations in Montana, it emerged yesterday (6th December).

The company confirmed that output at its Stillwater and East Boulder mines was halted for about a day and half in the latter stages of November amid wintry conditions.

As a result, it now expects to produce between 475,000 oz and 480,000 oz of platinum and palladium in 2010, compared to its previous estimate of 480,000 oz to 490,000 oz.

Although operations at both facilities have now resumed, Stillwater noted that electrical disruptions also occurred in the aftermath of its first 'snow-related' stoppage in more than ten years.

In addition, the miner's costs are now being seen at between $400 per oz and $405 per oz, having previously expected the figure to be between $395 per oz and $400 per oz.

Stillwater Mining Company is the only platinum and palladium producer currently operating in the US.

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Stillwater Mining cuts 2010 output view on bad weather (06/12/10)

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