The Stillwater Mining Company (SMC) is one step closer to being sold to Sibayne Gold Limited of South Africa.
Stillwater Mining Company (SMC) is being bought for $2.2 billion by a South African company.
SMC’s board of directors unanimously approved the all-cash transaction, which was announced in a press release issued Dec. 9.
The Stillwater Mining Company posted a $9.9 million first quarter loss.
But officials said the news is not all bad, pointing to higher production and processing numbers and lower All-In Sustaining Costs (AISC).