STILLWATER MINING COMPANY (NYSE: SWC) today announced net profit of $4.4 million, or $0.05 per diluted share, on revenues of $112.0 million for the 2009 third quarter.

The press release is quoted as saying:

Reflecting the Company’s restructuring efforts, production of palladium and platinum at the Company’s Stillwater Mine increased to 95,100 ounces in the third quarter of 2009 at a total cash cost of $344 per ounce(1), compared to 83,800 ounces in the same quarter of 2008 at a total cash cost of $331 per ounce. Stillwater Mine’s higher production benefited from a restructuring plan that redeployed miners from the East Boulder Mine, with offsetting reductions in support manpower which overall held the total workforce there essentially flat.

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