EXHIBIT 99.1

FOR IMMEDIATE RELEASE:     January 27, 2006

CONTACT:                   John W. Pearson
                           406-373-8742

             STILLWATER MINING REPORTS POTENTIAL CHARGE TO EARNINGS

BILLINGS, MONTANA, - STILLWATER MINING COMPANY (NYSE:SWC) announced today that
it has identified miscellaneous metal sales receivables that may be
uncollectible. The Company's major commercial agreements are not involved.

The Company anticipates this will likely result in a charge of up to $3 million
to earnings in 2005. The Company's internal auditors have reviewed control
deficiencies associated with this matter and it is expected the Company will be
reporting one or more material weaknesses in internal controls over financial
reporting in connection with its year-end review in accordance with Section 404
of the Sarbanes-Oxley Act of 2002.

The Company is in the process of modifying its contract administration processes
and strengthening accounting controls over miscellaneous metal purchases and
sales to remedy these deficiencies. Testing of the effectiveness of these new
controls is not expected to be completed until the end of the first quarter of
2006. Additional discussion of the company's remediation efforts will be
included in the forthcoming Annual Report on Form 10-K for 2005.

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 Russia. The Company's shares are traded on the New York Stock
Exchange under the symbol SWC. Information on Stillwater Mining can be found at
its Web site: www.stillwatermining.com.

Some statements contained in this news release are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, and, therefore,
involve uncertainties or risks that could cause actual results to differ
materially. These statements may contain words such as "believes,"
"anticipates," "plans," "expects," "intends," "estimates" or similar
expressions. These statements are not guarantees of the Company's future
performance and are subject to risks, uncertainties and other important factors
that could cause our actual performance or achievements to differ materially
from those expressed or implied by these forward-looking statements. Such
statements include, but are not limited to, comments regarding expansion plans,
costs, grade, production and recovery rates, permitting, financing needs, the
terms of future credit facilities and capital expenditures, increases in
processing capacity, cost reduction measures, safety, timing for engineering
studies, and environmental permitting and compliance, litigation and the
palladium and platinum market. Additional information regarding factors which
could cause results to differ materially from management's expectations is found
in the section entitled "Risk Factors" above in the Company's 2004 Annual Report
on Form 10-K. The Company intends that the forward-looking statements contained
herein be subject to the above-mentioned statutory safe harbors. Investors are
cautioned not to rely on forward-looking statements. The Company disclaims any
obligation to update forward-looking statements.

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