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Stillwater Mining CEO McMullen extends contract by 2 years

StillwaterMining Co. said March 28 that its President and CEO Mick McMullenhas agreed a contract extension by two years, meaning he will remain in hisposts until Dec. 31, 2018.

McMullen was elected to the company board in May 2013, andwas appointed president and CEO later in December 2013.

Chairman Brian Schweitzer said the extended contract willprovide shareholders with certainty of leadership.

Thisyear, Stillwater Mining expects to produce between 515,000 ounces and 535,000 ounces ofpalladium and platinum at lower all-in sustaining costs of US$615 per minedounce to US$665 per mined ounce, compared to US$709 per mined ounce ofpalladium and platinum in 2015.