SOURCE: Stillwater Mining Company

Stillwater Mining Company

July 17, 2014 16:15 ET

Stillwater Mining Company Reports Second Quarter 2014 Mined Production and Recycling Results and Announces Second Quarter 2014 Results Conference Call

BILLINGS, MT--(Marketwired - Jul 17, 2014) -  STILLWATER MINING COMPANY (NYSE: SWC) (TSX: SWC.U) (the "Company") today reported second quarter 2014 platinum group metals production from its Montana mines and from its recycling activities.

Production from Montana Mines

Production of palladium and platinum from the Company's Montana mine operations totaled 126,400 ounces in the second quarter of 2014 compared with total mine production of 131,500 in the same period of 2013. For the first six months of 2014, total mined production was 257,100 ounces, down slightly from the 258,600 ounces produced during the first six months of 2013.

2014 Mine Production by Quarter

             
(Mined Ounces)   First Quarter   Second Quarter   Year-To-Date
             
Stillwater Mine   89,700   84,000   173,700
Palladium   68,900   64,700   133,600
Platinum   20,800   19,300   40,100
             
East Boulder Mine   41,000   42,400   83,400
Palladium   31,900   33,000   64,900
Platinum   9,100   9,400   18,500
             
Total   130,700   126,400   257,100
Palladium   100,800   97,700   198,500
Platinum   29,900   28,700   58,600
             
             

Recycling Activities

During the second quarter of 2014, total volumes of palladium, platinum and rhodium processed from recycled material totaled 134,300 ounces, a decrease from 175,000 ounces processed during the same period in 2013. For the first six months of 2014, recycled ounces processed totaled 235,800 ounces, compared to 329,200 ounces processed during the first six months of 2013 (a record year for the Company).

2014 Recycling Activity by Quarter

             
(Recycling Ounces Fed)   First Quarter   Second Quarter   Year-To-Date
             
Total   101,500   134,300   235,800
Palladium   57,600   73,900   131,500
Platinum   36,300   50,300   86,600
Rhodium   7,600   10,100   17,700
             
             

Note: Historical production and recycling information is available at www.stillwatermining.com.

Second Quarter 2014 Results Webcast and Conference Call

Stillwater Mining Company will conduct a conference call to discuss second quarter 2014 results at 12:00 noon Eastern Daylight Time on Thursday, July 31, 2014.

Dial-In Numbers:
United States: (877) 407-8037
International: (201) 689-8037

The conference call will be simultaneously webcast through the Company's website at www.stillwatermining.com in the Investor Relations section.

A telephone replay of the call will be available for one week following the event. The replay dial-in numbers are (877) 660-6853 (U.S.) and (201) 612-7415 (International), conference ID 13586838. In addition, the call transcript will be archived in the Investor Relations section of the Company's website.

About Stillwater Mining Company

Headquartered in Billings, Montana, Stillwater Mining Company is the only U.S. producer of platinum group metals (PGMs) and the largest primary producer of PGMs outside of South Africa and the Russian Federation. PGMs are rare precious metals used in a wide variety of applications, including auto catalysts, fuel cells, hydrogen purification, electronics, jewelry, dentistry, medicine, coinage and other applications. Stillwater Mining Company is engaged in the development, extraction, processing, smelting and refining of PGMs from a geological formation in southern Montana known as the J-M Reef and from the recycling of spent catalytic converters. The J-M Reef is the only known significant source of PGMs in the United States and the highest-grade PGM resource in the world. The Company also owns the Marathon PGM-copper deposit in Ontario, Canada, and the Altar porphyry copper-gold deposit located in the San Juan province of Argentina. The Company's shares are traded on the New York Stock Exchange under the symbol SWC and on the Toronto Stock Exchange under the symbol SWC.U. Information about Stillwater Mining Company can be found at its website: www.stillwatermining.com.