Stillwater Mining Company Reports Third-Quarter Production ResultsBILLINGS, MT -- (Marketwired - October 24, 2013) - STILLWATER MINING COMPANY (NYSE: SWC) (TSX: SWC.U) (the "Company") announced today that mined production of palladium and platinum from its Montana operations for the third quarter of 2013 totaled 124,200 ounces, a 2.2% reduction compared with total mine production in the third quarter of 2012 of 127,000 ounces.
During the third quarter of 2013, the Company increased total volumes of palladium, platinum and rhodium (PGMs) processed from recycled material by 74.1% to 167,500 ounces compared to the same period of 2012.
Production from Montana Mines
2013 Mine Production by Quarter
----------------------------------------------------------------------------
(Mined Ounces) First Quarter Second Quarter Third Quarter Year-To-Date
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Stillwater Mine 92,600 91,000 83,800 267,400
----------------------------------------------------------------------------
Palladium 71,300 70,200 64,500 206,000
----------------------------------------------------------------------------
Platinum 21,300 20,800 19,300 61,400
----------------------------------------------------------------------------
----------------------------------------------------------------------------
East Boulder Mine 34,500 40,500 40,400 115,400
----------------------------------------------------------------------------
Palladium 26,800 31,500 31,200 89,500
----------------------------------------------------------------------------
Platinum 7,700 9,000 9,200 25,900
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Company Total 127,100 131,500 124,200 382,800
----------------------------------------------------------------------------
Palladium 98,100 101,700 95,700 295,500
----------------------------------------------------------------------------
Platinum 29,000 29,800 28,500 87,300
----------------------------------------------------------------------------
For the first nine months of 2013, total mined production was 382,800 ounces, slightly more than the 381,200 ounces reported in the first nine months of 2012.
Production from Recycling Activities
During the third quarter of 2013, the Company processed 167,500 ounces of PGMs from recycled material. This compares to 96,200 ounces processed during the same period of 2012. During the first nine months of 2013, the Company processed a record 496,700 ounces of PGMs from recycled material, a 52.1% increase from approximately 326,600 ounces processed during the first nine months of 2012. Recycled material reported as processed for the third quarter of 2013 includes an allocation of approximately 4,200 PGM ounces recovered from reprocessed furnace brick.
2013 Recycling Production by Quarter
----------------------------------------------------------------------------
(Recycled Ounces
Processed) First Quarter Second Quarter Third Quarter Year-To-Date
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Company Total 154,200 175,000 167,500 496,700
----------------------------------------------------------------------------
About Stillwater Mining Company
Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and the Russian Federation. 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 on Stillwater Mining can be found at its website: www.stillwatermining.com.
CONTACT:
Mike Beckstead
(406) 373-8971
