Stillwater Mining Company has announced its production results for 2010, posting a total of 485,100 oz of platinum and palladium for the Stillwater and East Boulder mines.

Frank McAllister, chairman and chief executive officer of Stillwater, said he felt "encouraged" that mining productivities based on mill feed tons per day remained strong last year.

"In our 2011 mine planning, we have had the opportunity to focus carefully on the mix of ore grades available - in particular we intend to resume mining on the east side of the Stillwater Mine, which characteristically has had stronger ore grades, albeit often with more difficult ground conditions," he said.

Variation between ounce production between 2009 and 2010 was attributed to differences in realised ore grades.

Meanwhile, the company intends to increase spending on infrastructure development underground at both mines this year.

Recently, Canadian company Marathon Gold agreed a $3.4 million (£2.2 million) private placement of common shared with Stillwater.

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Stillwater Mining discloses 2010 mine production results (11/01/11)

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