STILLWATER MNG CO
			Symbol			SWC

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Stillwater Mining Reports Profit for Third Quarter

2009-11-05 19:48 ET - News Release

COLUMBUS, MT -- (MARKET WIRE) -- 11/05/09

STILLWATER MINING COMPANY (NYSE: SWC) today reported net profit for the 2009 third quarter of $4.4 million, or $0.05 per diluted share, on revenues of $112.0 million. This compares to third quarter 2008 net income of $0.1 million, or less than $0.01 per diluted share, on revenues of $254.2 million. Although the 2009 third quarter reflects sharply lower PGM prices and much lower recycling volumes processed than last year's third quarter, the significant improvements in costs of production have contributed significantly towards the profitability.

For the first nine months of 2009, Stillwater Mining Company (the "Company") reported a net loss of $3.0 million, or $0.03 per diluted share, on revenues of $292.6 million. In the first nine months of 2008, the Company reported net income of $19.2 million, or $0.21 per diluted share, on revenues of $673.7 million. On the whole, the first nine months of 2009 were characterized by much lower PGM prices and lower volume in the Company's recycling segment than in the same period last year, again offset in part by significant improvements in costs of production.

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