Stillwater Mining Company Announces Strategic Priorities and Fiscal Year 2014 Financial Guidance

Stillwater Mining Company Announces Strategic Priorities and Fiscal Year 2014 
Financial Guidance 
Company to Host Conference Call Today at 4:30 PM EST 
BILLINGS, MT -- (Marketwired) -- 01/21/14 --   STILLWATER MINING
COMPANY (NYSE: SWC) (TSX: SWC.U) (the "Company") today announced its
strategic priorities and financial guidance for fiscal year 2014. 
Mick McMullen, President and Chief Executive Officer, commented, "The
core strengths of Stillwater Mining Company, including its
world-class PGM mining assets, as well as processing and recycling
capabilities, in Montana, represent true differentiating aspects.
Furthermore, the Company is uniquely positioned to benefit from
forecasted supply side shortages and from growing industrial end
market demand. As we move forward, we are building on these
attractive characteristics to further strengthen the Company and its
performance by focusing on producing quality ounces and improving
cash flow, adding to the Company's already strong liquidity position,
capitalizing on the significant opportunity to increase value and
capacity utilization of refining and smelting facilities through
strategic supply alliances, and concentrating development efforts on
PGM assets in jurisdictions with low geopolitical risk." 
The Company's strategic objectives are centered on the following
priorities: 


 
--  Focusing on producing quality ounces from the core Montana mines;
    
    
--  Minimizing investments in non-core assets while maintaining their
    long-term optionality;
    
    
--  Optimizing performance of the Company's metallurgical facilities;
    
    
--  Reducing expenses, and particularly sales, general, and administrative
    expenses, in areas that do not impact operational or safety
    performance;
    
    
--  Optimizing the balance sheet;
    
    
--  Committing to best-in-class corporate governance; and
    
    
--  Focusing on driving return on capital and aligning actions with
    creating shareholder value.

  
Mr. McMullen added, "Our strategic objectives are reflected in our
guidance for 2014. We are focused on improving our operations,
optimizing our financial profile, managing our portfolio effectively,
and establishing strong corporate governance. I am very confident
that our team can deliver on these commitments and achieve the first
steps towards creating sustainable growth in value." 
Fiscal Year 2014 Financial Guidance 


 
--  Mined palladium and platinum production of 515,000 to 530,000 ounces;
    
    
--  Total cash cost per mined ounce (net of by-product and recycling
    credits) of $550 to $600;
    
    
--  Corporate overhead (including marketing, general and administrative,
    research and development, and exploration expenses) of $40 million to
    $50 million ($75 to $97 per mined ounce); and
    
    
--  Capital expenditures (reflecting Marathon on a 100% basis) of $165
    million to $175 million ($311 to $340 per mined ounce).

  
Conference Call Details 
Mick McMullen, President and Chief Executive Officer, and Greg Wing,
Vice President and Chief Financial Officer, will host a conference
call at 4:30 PM EST today to discuss the Company's strategic
priorities and 2014 financial guidance. Introductory remarks will be
followed by a brief question and answer session. A presentation to
accompany the conference call will be available on the Investor
Relations section of the Company's website at
www.stillwatermining.com. 
To access the call, participants may dial (800) 230-1093 (U.S.) or
(612) 288-0329 (International). A telephone replay will be available
for one week following the event. The replay dial-in numbers are
(800) 475-6701 (U.S.) or (320) 365-3844 (International), access code
316417. The conference call will be simultaneously webcast through
the Investor Relations section of the Company website at
www.stillwatermining.com. 
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 uses. Stillwater Mining Company is engaged in the development,
extraction, processing, smelting, refining and marketing of PGMs from
a geological formation in southern Montana known as the J-M Reef.
This is the only known significant source of PGMs in the United
States and one of the highest grade PGM resources 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. 
Contact: 
Mike Beckstead
(406) 373-8971