Markets

Stillwater Mining Completes Peregrine Metals Acquisition, Falls with Platinum Prices

Stillwater Mining Co. (SWC.TO) is down more than 4% today, falling with slumping platinum and palladium prices, and getting little apparent help from closing on its acquisition of Pergrine Metals (PGM.TO)

Peregrine were exchanged for US$1.35 in cash and 0.08136 shares of Stillwater common stock. Stillwater has applied to have the common shares of Peregrine delisted from the Toronto Stock Exchange.

At last look, platinum for January 2012 delivery was down more than $60 per ounce to $1460.60. March Palladium is off $47.50 to $547.05 an ounce.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos