8-K

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                       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): September 28, 2006

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

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

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

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

                                 Not applicable
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          (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))

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ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On September 28, 2006, the Company issued a press release reaffirming 2006
Guidance.

                                  EXHIBIT INDEX

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

EXHIBIT INDEX

EXHIBIT 99.1      Press Release dated September 28, 2006



                                   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: September 28, 2006                              By:    /s/John Stark
                                                              ------------------
                                                       Name:  John Stark
                                                       Title: General Counsel

EX-99.1

                                                                    Exhibit 99.1

                STILLWATER MINING COMPANY REAFFIRMS 2006 GUIDANCE

    BILLINGS, Mont., Sept. 28 /PRNewswire-FirstCall/ -- STILLWATER MINING
COMPANY (NYSE: SWC) in commenting on the effect on 2006 performance of the
recent wildfires in south central Montana, has reaffirmed its earlier
production and cost guidance for the year.
    Francis R. McAllister, the Company's chairman and CEO, offered the following
commentary:

    "We had a number of press releases in August and September regarding
temporary mine closures due to area wildfires. The fires covered a very large
area -- nearly a quarter of a million acres -- but never directly threatened our
mines."

    "In 2005, the Company's mine production was 554,000 ounces of PGMs, of which
428,000 ounces was palladium and 126,000 ounces was platinum. For 2006, the
Company expects PGM mine production of about 600,000 ounces, with total
consolidated cash costs of approximately $300 to $315 per ounce. This is in line
with our guidance for the year, despite the closures experienced due to the
wildfires."

    "The mine production is only part of our production story, as we expect
continued expansion of our recycling activities. For 2006, these are up 65% over
2005 at about 325,000 ounces of PGMs from spent catalytic converters."

    For the latest Stillwater Mining Presentation, delivered at the Denver Gold
Forum on September 25th, please visit
http://events.onlinebroadcasting.com/denvergold/092506/feed_live.php?co=stillw
ater.

    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, including the
full text of Mr. McAllister's remarks, can be found at its website:
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, labor matters
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" in the Company's 2005 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.

SOURCE  Stillwater Mining Company
    -0-                             09/28/2006
    /CONTACT:  Dawn E. McCurtain of Stillwater Mining Company, +1-406-373-8787/
    /Web site:  http://www.stillwatermining.com /