Platinum-Group-Metals Producer Stillwater Mining Gains New CEO; Indian Silver Shifts 5.8%

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Stillwater Mining Co. has named Michael “Mick” McMullen as its new chief executive officer.

“‘Mick McMullen has extensive experience in the metals and mining industry at the CEO and board level,’ says Brian Schweitzer, chairman of the board. ‘He has a proven track record of building and leading successful teams, employing strict capital discipline and delivering outstanding returns to investors. His time as chairman of our Technical and Ore Reserves Committee has provided him with valuable insight into the business and the opportunities available,’”(Kitco).

“Before joining Stillwater, McMullen previously served as a principal at MRI Advisory AG, a private company focusing on the development of metal and minerals projects in the Americas, Europe and Africa. During his 21-year career, he has been responsible for the development of several large open-pit and underground mines in Australia, Europe and Latin America.”

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The price of Indian silver closed up Monday, December 2, halting two days of weakening prices with a 5.8 percent shift. After a 1.1 percent increase, Japanese silver finished the day. Chinese silver ended the day, after the 0.5 percent drop on Monday. US silver stayed flat.

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After falling for two days, the price of Indian gold bullion rose 4.2 percent. Chinese gold bullion saw its price rise 0.3 percent. Japanese gold bullion gained 0.2 percent to finish. The price of US gold bullion remained essentially flat.

Chinese platinum bar prices rose 0.7 percent. The price of Japanese platinum bar rose 0.6 percent after a two-day drop. The price of US platinum bar was essentially unchanged.

Monday saw the price of Chinese palladium bar drift down 0.6 percent after a couple of stagnant days. After a 0.3 percent increase, Japanese palladium bar finished the day. The price of US palladium bar showed little movement yesterday.