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Company News

PolyMet Mining Releases Q2 Financial Results

PolyMet Mining Releases Q2 Financial Results

PolyMet Mining Corp. (TSX:POM,NYSE MKT:PLM) reported its financial results for the second quarter and first half of 2014. The company owns a 100 percent interest in the NorthMet copper-nickel-precious metals ore-body and the nearby Erie Plant, both located in Minnesota.

Stillwater Mining to Slow Down at Marathon Project

Stillwater Mining Company (NYSE:SWC,TSX:SWC.U) reported Tuesday that it is planning to scale back activities regarding its Marathon PGM-copper project. Limited exploration activities will still continue for the current field season, however.

Ivanhoe Mines’ Q2 Loss Totals $135.8 Million

Ivanhoe Mines Ltd. (TSX:IVN) announced its financial results for the second quarter of 2014, commenting that it was hit by a total comprehensive loss of $135.8 million, up $84.7 million from the year-ago period.

Stillwater Mining Reports Q2 Earnings

Stillwater Mining Company (NYSE:SWC,TSX:SWC.U) today reported earnings results for the second quarter of 2014. Highlights included a rise of total cash and investments to $501.9 million during the quarter and the reduction of corporate overhead down 50 percent year on year.

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Market News

High-flying Palladium ETF May be Set for a Fall

ETF Trends reported that while the ETFS Physical Palladium Shares (ARCA:PALL) has gained 18.4 percent so far this year, putting all the other physically backed precious metals ETFs to shame, its reign may be set to end.

Rising Palladium Prices Could Mean Platinum Switch, SP Angel

Bloomberg reported that high palladium prices could drive a switch to using platinum for catalytic converts, SP Angel Corporate Finance LLP has said. Palladium has gained 22 percent this year while platinum has risen only 8.1 percent.

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