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Stillwater Mining Company Reports Third Quarter 2015 Results EXHIBIT 99.1

The following excerpt is from the company's SEC filing.

Stillwater Mining Company Reports Third Quarter 2015 Results

(NYSE:SWC) today reported financial results for the quarter ended September 30, 2015.

Third Quarter 2015 Highlights:

All-in Sustaining Costs (AISC)* of $677 per mined ounce of palladium and platinum, down 19% from $837 per mined ounce for the third quarter of 2014

Mined palladium and platinum production of 128,100 ounces, a 4% increase over 123,000 ounces mined during the third quarter of 2014

Processed 161,000 ounces of recycled palladium, platinum a nd rhodium, an increase of 36.8% over 117,700 ounces recycled during the third quarter of 2014

Consolidated net loss attributable to common stockholders of $11.9 million or $0.10 per diluted share, reflecting the decrease in average sales price per mined ounce (palladium and platinum) to $693, a 30% decrease from $983 realized for the third quarter of 2014 and a $4.0 million (before-tax) net loss on the repurchase of the 1.75% and 1.875% convertible debentures

Repurchased $63.3 million of outstanding 1.75% and 1.875% convertible debentures for a total cash consideration of $61.0 million

Cash and cash equivalents plus highly liquid investments of $460.3 million at quarter end

For the third quarter of 2015, the Company reported a consolidated net loss attributable to common stockholders of $11.9 million, or $0.10 per diluted share, compared to consolidated net income attributable to common stockholders of $18.1 million, or $0.14 per diluted share for the third quarter of 2014. The decrease was primarily due to significantly lower realized metal prices and lower sales volumes partially offset by lower costs. In addition, the Company recognized a non-cash net loss of $4.0 million (before-tax) related to the repurchase of a portion of its convertible debentures and reorganization costs of $1.7 million (before-tax) during the third quarter of 2015.

Commenting on the 2015 third quarter results, Mick McMullen, the Company's President and Chief Executive Officer stated, "The results for the quarter clearly demonstrate progress we have made in many areas of the business. Total mined production was on target, the recycling business continues to grow, we eliminated a meaningful portion of our outstanding convertible debt while maintaining an enviable cash balance and, most importantly, we reduced AISC to $677 per mined ounce for the quarter. Unfortunately, as we delivered on our initiatives, metal prices moved significantly lower. Our realized basket price of $693 per mined ounce for the third quarter was down from the $842 per ounce we received in the last quarter and was the lowest quarter in the last five years. We did see an inventory build of mined ounces, which meant that sales were 10,800 ounces lower than production for the quarter. We expect to see this metal sold in the fourth quarter of 2015.

"To weather these storms in the PGM markets we continue to focus on costs and make improvements to gain additional efficiencies throughout the operations. During the third quarter of 2015 we executed the previously announced reorganization strategy which involved a staff reduction and modifying our mine plan to focus on the most profitable areas within the Stillwater Mine while maximizing production from the East Boulder Mine. Through our planned workforce reduction and natural attrition, the employee count decreased by 159 during the third quarter of 2015 to a total of 1,442 employees at the end of the period. We are already experiencing improved efficiencies as a result of these changes.

"Following the roll-out of the strategic direction for the Company at the beginning of last year, we introduced a goal to achieve AISC in the low $700 per mined ounce range. I am pleased to report, based on recent performance, we are achieving that goal. The current platinum group metals (PGM) market demonstrates we must strengthen the business to ensure long-term sustainability. As part of that effort, today we are instituting a new target of AISC in the mid $600 per mined ounce range over the medium term. As we continue to decrease costs in conjunction with gains in operational efficiencies, Stillwater will be best positioned for all stakeholders in any market environment," concluded Mr. McMullen.

2015 Full-Year Guidance:

Guidance for the full-year 2015 remains unchanged from the guidance released on July 31, 2015, which is detailed below:

2015 Guidance

Mined Production (palladium and platinum ounces)

500,000 - 515,000

Total Cash Costs per Mined Ounce (net of by-product and recycling credits)*

$490 -- $530

All-In Sustaining Costs per Mined Ounce*

$725 -- $775

General and Administrative (millions)

$30 -- $40

Exploration (millions)

$3 -- $5

Sustaining Capital Expenditures (millions)

$71 -- $76

Project Capital Expenditures (millions)

$42 -- $47

Total Capital Expenditures (millions)

$113 -- $123

(1) All-in sustaining costs per mined ounce guidance for 2015 assumes the exclusion of approximately $20 per ounce recycling credit and approximately $11 per ounce for foreign activities.

(2) Exploration includes expenses for Marathon, Altar and Montana operations.

(3) Excludes project capitalized interest and capitalized depreciation.

Mine Production Comparison:

Three Months Ended

Nine Months Ended

(Produced ounces)

Palladium

59,300

59,400

183,000

193,000

Platinum

17,700

17,500

54,500

57,600

Stillwater Mine Total

77,000

76,900

237,500

250,600

39,700

35,800

117,500

100,700

11,400

10,300

33,400

28,800

East Boulder Mine Total

51,100

46,100

150,900

129,500

99,000

95,200

300,500

293,700

29,100

27,800

87,900

86,400

128,100

123,000

388,400

380,100

Revenues from the Company's Mine Production segment (including proceeds from the sale of by-products) totaled $86.4 million, in the third quarter of 2015, down from $137.1 million for the third quarter of 2014. The decrease in Mine Production revenues reflects both lower average realized prices and volumes sold during the third quarter of 2015. The 2015 combined average realized price for the sales of mined palladium and platinum decreased for the third quarter of 2015 to $693 per ounce, compared to $983 per ounce realized in the third quarter of 2014. The total quantity of mined palladium and platinum sold in the third quarter of 2015 was 117,300 ounces compared to 132,400 ounces sold in the third quarter of 2014.

Total costs of metals sold (excludes depletion, depreciation and amortization) decreased 25.0% to $147.9 million in the third quarter of 2015 from $197.3 million in the third quarter of 2014. Mine Production costs included in total costs of metals sold decreased to $69.0 million in the 2015 third quarter from $85.2 million in the 2014 third quarter.

Recycling Activity Comparison:

Average tons of catalyst fed per day

22.7

18.7

21.9

Tons processed

2,087

1,717

5,987

5,100

Tons tolled

794

309

2,420

804

Tons purchased

1,293

1,408

3,567

4,296

PGM ounces fed

161,000

117,700

421,300

353,500

PGM ounces sold

88,800

101,400

231,500

296,400

PGM tolled ounces returned

73,700

22,900

150,300

53,900

Recycling material processed during the third quarter of 2015 contained 161,000 ounces of palladium, platinum and rhodium, an increase of 36.8% from the total of 117,700 ounces processed during the third quarter of 2014. The proportion of ounces processed on a toll basis has increased compared to purchased ounces as a result of a shift in customer mix that began during the first quarter of 2015.

PGM Recycling revenues totaled $82.0 million for the 2015 third quarter, a decrease from $109.5 million in the same period of 2014. This decrease was driven by the shift from purchased to tolled ounces processed. The Company's combined average realized price for sales of recycled palladium, platinum and rhodium was $881 per ounce in the third quarter of 2015 compared to $1,068 per ounce in the third quarter of 2014. Recycling sales volumes for the third quarter of 2015 decreased to 88,800 ounces from 101,400 ounces sold in the third quarter of 2014. In conjunction, tolled ounces returned increased to 73,700 ounces for the third quarter of 2015 from 22,900 ounces in the third quarter of 2014.

PGM Recycling costs of metals sold totaled $78.9 million in the third quarter of 2015, down from the $106.8 million reported in the third quarter of 2014. This decrease was primarily due to the shift from purchased to tolling ounces processed during the quarter, as overall contained ounces volume increased. Net income, before income taxes, from the recycling segment totaled $3.3 million for the third quarter of 2015 compared to $3.1 million for the same quarter of 2014. Earnings in the recycling segment typically lag corresponding volume processed by approximately two to three months.

General and administrative costs were $8.9 million in the third quarter of 2015, a decrease from $10.1 million incurred during the same period of 2014.

All-In Sustaining Costs Per Mined Ounce:

All-in Sustaining Costs per Mined Ounce (AISC)* totaled $677 for the third quarter of 2015, a decrease from $837 recorded for the same period of 2014.

All-In Sustaining Costs Per Mined Ounce

Combined Montana Mining Operations

Reported Total Cash Costs per Mined Ounce (Net of Credits)*

$ 465

$ 554

$ 511

$ 557

PGM Recycling Income Credit

24

Corporate General & Administrative Costs (Before DD&A)

66

74

67

65

Capital Outlay to Sustain Production at the Montana Operating Mines

121

184

145

159

$ 677

$ 837

$ 742

$ 805

Cash Costs Per Mined Ounce:

Combined Total Cash Costs per Mined Ounce (net of by-product and recycling credits)* averaged $465 per ounce for the third quarter of 2015, compared to $554 per ounce for the third quarter of 2014. The table below illustrates the effect of by-product and recycling credits on the total cash costs per mined ounce, net of credits, for the combined Montana mining operations.

Combined Montana Mining Operations

By-Product Revenue Credit

56

48

Total Cash Costs per Mined Ounce (Before Credits)*

$ 529

$ 635

$ 578

$ 640

Labor Matters:

The labor contract with employees represented by the USW International Union Local 11-0001 at the Stillwater Mine and Columbus processing facilities expired on June 12, 2015. On July 30, 2015, the Company notified the union that negotiations had reached an impasse and that it would implement its last, best and final offer. This is the same agreement previously recommended by the USW International Local 11-001 and rejected by the represented employees. The Company implemented the new agreement on September 1, 2015.

Cash Flow and Liquidity:

At September 30, 2015, the Company's cash and cash equivalents balance was $134.0 million, compared to $280.3 million at December 31, 2014. The Company's cash and cash equivalents plus highly liquid investments totaled $460.3 million at September 30, 2015, compared to $531.5 million at December 31, 2014. A significant driver of the decrease in cash was the Company's repurchase of a portion of its outstanding convertible debentures for $61.0 million during the third quarter of 2015. Net working capital decreased to $553.1 million at September 30, 2015, compared to $619.4 million at the end of 2014.

Net cash provided by operating activities (which includes changes in working capital) totaled $75.7 million for the nine months ended September 30, 2015, compared to $131.7 million of cash provided by operating activities for the same period in 2014. Cash capital expenditures were $83.4 million for the nine months ended...


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