Palladium
Stillwater Mining Company (TSX:SWC.U, NYSE:SWC) announced its first quarter income attributable to common stockholders, which amounts to $14.6 million, or approximately $0.12 per share.
Noront Resources Ltd (TSXV:NOT) announced that pursuant to a loan agreement between the company and Resource Capital Funds V L.P., it has paid interest for the first quarter of 2013 through the issuance of 474,941 common shares at a price of $0.2942/interest share to RCF.
Stillwater Mining Company (NYSE:SWC) announced that in the first quarter, the company produced 98,100 ounces of palladium, exceeding the company’s forecast.
Reuters reported that palladium declined 2.7% on news that the demand for new vehicles in the European Union continues to weaken.
Bloomberg reported that palladium slid 5.4% on the Tokyo Commodity Exchange after a sell-off brought about by a drop in spot prices and a stronger yen.
Reuters reported that Japan Oil, Gas and Metals National Corp (JOGMEC) confirmed the presence of 188 tons of palladium in South Africa’s Waterberg region.
Reuters reported that palladium was up 1.6% as the dollar weakened on Thursday, triggering bargain hunting.
Reuters reported that palladium dropped 0.8% on Wednesday on signs that the US Federal Reserve is moving closer to ending its stimulus program.
Marketwatch reported that commodities economists at Capital Economics say palladium is set to see big gains by the end of 2014 as production for this precious metal continues to decline.
Reuters reported that palladium advanced 22cents to $724.22 per ounce as a weaker US jobs data suggests the US Federal Reserve will continue to purchase bullion-friendly bonds.
