Stillwater Mining Co is still on target to meet its full-year production forecast, according to the company's Chief Financial Officer.

The platinum group metals (PGM) producer issued an output prediction of between 515,000 and 525,000 oz on August 11th as part of its second-quarter results.

Now Greg Wing has explained in an interview at the Denver Gold Forum that "we can achieve that level, but we doubt that we will go much higher than that".

The company has faced a number of challenges in the past month, with a lack of mining skills and high personnel attrition rates posing problems for its reduced production outlook at its East Boulder mine.

However, Mr Wing also noted that with other firms closing mines in the west of the US of late, he is expecting to see a number of experienced miners looking to return to Stillwater.

The company - which has a mining production ratio of 3.3 oz of palladium to 1 oz of platinum - recorded £108.2 million in second-quarter revenue from PGM recycling, compared to $103.7 million in sales from mine production.



Source:
Stillwater to meet PGM production forecast-CFO (Reuters) (08/09/08)