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Company News

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.

Stillwater Mining Reports Mined Production and Recycling Results for Q2

Stillwater Mining Company (NYSE:SWC,TSX:SWC.U) reported its second quarter 2014 platinum group metals production from its Montana mines and recycling activities. Production of palladium and platinum from Stillwater's Montana mine operations amounted to126,400 ounces in the second quarter of 2014, compared with total mine production of 131,500 in the same period of 2013.

NovX21 Shareholders Approve Resolutions at Annual Meeting

NovX21 Shareholders Approve Resolutions at Annual Meeting

NovX21 Inc. (TSXV:NOV) shareholders approved all resolutions at the Annual Meeting of Shareholders held on Friday, July 4, 2014, in Montreal, Quebec. André Boulanger, Sylvain Boulanger, René Branchaud, John LeBoutillier and Jean-Paul Schaack were re-elected as directors, and a shareholder rights plan was adopted.

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Market News

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.

Palladium Rises to 13 Year High on Russian Sanctions, Lower Anglo Output

Kitco News reported this week that further sanctions from the United States against Russia in the ongoing crisis surrounding Ukraine, together with a lower reported output of PGM's from Russia, shot palladium prices to another 13 year high, according to analysts.

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