8-K

================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

         Date of report (Date of earliest event reported): July 26, 2006

                            STILLWATER MINING COMPANY
             (Exact name of registrant as specified in its charter)

            Delaware                    1-13053                81-0480654
  ----------------------------        ------------         -------------------
  (State or Other Jurisdiction        (Commission             (IRS Employer
       of Incorporation)              File Number)         Identification No.)

       1321 Discovery Drive, Billings, Montana                  59102
       ----------------------------------------               ----------
       (Address of Principal Executive Offices)               (Zip Code)

       Registrant's telephone number, including area code (406) 373-8700

                                 Not applicable
          -------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities
     Act (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange
     Act (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

================================================================================



ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS.

(b)  Effective July 26, 2006, Jack E. Thompson resigned as a director of the
Company to pursue other interests. Mr. Thompson had been nominated to the
Company's Board of Directors by Norimet Limited ("Norimet"), a wholly-owned
subsidiary of MMC Norilsk Nickel, pursuant to its Stockholders Agreement with
the Company, dated as of June 23, 2003, as amended (the "Stockholders
Agreement"). Norimet owns approximately 54.6% of the Company's outstanding
shares. Under the Stockholders Agreement, Norimet is entitled to nominate
Mr. Thompson's replacement, subject to review by the Company's Nominating and
Corporate Governance Committee. Norimet has informed the Company that it is
currently reviewing appropriate candidates for such nomination.

     On August 01, 2006, the Company issued a press release regarding
Mr. Thompson's resignation, which is furnished herewith as Exhibit 99.1.



                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                                       STILLWATER MINING COMPANY


Dated: August 01, 2006                                 By:    /s/ John Stark
                                                              ------------------
                                                       Name:  John Stark
                                                       Title: General Counsel



                                  EXHIBIT INDEX

Number    Title
- ------    ---------------------------------------------------------------------
99.1      Press release issued by Stillwater Mining Company on August 01, 2006.

EX-99.1

                                                                    Exhibit 99.1

               STILLWATER MINING ANNOUNCES RESIGNATION OF DIRECTOR

     BILLINGS, Mont., Aug. 1 /PRNewswire-FirstCall/ -- STILLWATER MINING COMPANY
(NYSE: SWC) announced today the resignation of Jack E. Thompson from the
Company's Board of Directors, effective July 26, 2006.

     Commenting on his resignation, Jack E. Thompson said, "For personal
reasons, I have reluctantly concluded to resign from the Stillwater Board. I
have enjoyed my tenure on the Board and wish my fellow Board members and
Management continued success in the future."

     Commenting on the resignation, Stillwater Chairman and Chief Executive
Officer, Francis McAllister said, "The Board of Directors and I want to
acknowledge and express our appreciation for Jack's many contributions during
his tenure on the Company's Board of Directors. Jack has been an active,
hands-on director who has dedicated substantial time and effort to the Company.
Jack's experience and knowledge of the mining industry have been of great value
to us throughout his three years of service on the Board. We will miss him and
wish him the best in his future endeavors."

     Mr. Thompson was a nominee of Norimet Limited, the Company's majority
stockholder and a subsidiary of MMC Norilsk Nickel. Under its Stockholders
Agreement with the Company, Norimet is entitled to nominate Mr. Thompson's
replacement, subject to approval by the Company's nominating committee.

     Further information regarding Mr. Thompson's resignation is included in the
Current Report on Form 8-K filed with the SEC today.

     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.

SOURCE  Stillwater Mining Company
     -0-                             08/01/2006
     /CONTACT: Gregory A. Wing, Chief Financial Officer of Stillwater Mining
Company, +1-406-373-8724/
     /FCMN Contact: dmccurtain@stillwatermining.com /
     /Web site:  http://www.stillwatermining.com /
     (SWC)