- Stillwater Mining (NYSE:SWC) fell 4.5% today after saying it will scale back activities associated with the Marathon PGM-copper project.
- The permitting process for the project has been suspended previously, with limited exploration activities continuing for the current field season and continuation depending on positive results, SWC says.
- SWC's 2014 capex for the Marathon PGM-copper project are now seen at $4M-$6M vs. previous guidance for $5M-$10M; going forward, SWC expects project costs of $1M-$3M/year, depending on the level of exploration activity.
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