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): April 16, 2007

                            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 7.01  REGULATION FD DISCLOSURE.

     On April 16, 2007, Stillwater Mining Company (the "Company") issued a press
     release announcing that it has entered into a Binding Letter of Intent with
     Benton Resource Corp whereby the Company will invest in Benton. Benton,
     (TSX: BTC.V), headquartered in Thunder Bay, Ontario, is an exploration and
     development company with a diverse property portfolio of Canadian projects
     prospective for nickel, copper, platinum group elements, gold, and uranium.
     Through these investments, the Company may participate in Benton's
     Goodchild Ni-Cu-PGM project. The Goodchild Project is located near
     Marathon, Ontario. The press release is attached hereto as Exhibit 99.1 and
     is incorporated herein by reference.

     The information, including the exhibit attached hereto, in this Current
     Report is being furnished and shall not be deemed "filed" for the purposes
     of Section 18 of the Securities Exchange Act of 1934, as amended, or
     otherwise subject to the liabilities of that Section. The information in
     this Current Report shall not be incorporated by reference into any
     registration statement or other document pursuant to the Securities Act of
     1933, as amended, except as otherwise expressly stated in such filing.

ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

99.1   Press release issued on April 16, 2007 by Stillwater Mining Company.



                                   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: April 16, 2007                              By:    /s/ John Stark
                                                          ----------------------
                                                   Name:  John Stark
                                                   Title: Vice President



                                  EXHIBIT INDEX

NUMBER   TITLE
- ------   -----------------------------------------------------------------------
99.1     Press release issued on April 16, 2007 by Stillwater Mining Company.

EX-99.1

                                                                    Exhibit 99.1

       STILLWATER MINING COMPANY ANNOUNCES MULTI-YEAR INVESTMENT IN BENTON
      RESOURCES CORP. AND PARTICIPATION IN THE GOODCHILD NI-CU-PGM PROJECT

    BILLINGS, Mont., April 16 /PRNewswire-FirstCall/ -- STILLWATER MINING
COMPANY (NYSE: SWC) announced today that it has entered into a Binding Letter
of Intent with Benton Resources Corp., under which Stillwater will invest in
Benton through one or more private placements over a multi-year period.
Stillwater will initially invest US$1.4 million and will have the option to
invest additional amounts in future years.  Through these investments,
Stillwater will finance and have the option to participate in Benton's
Goodchild Ni-Cu-PGM Project, located near Marathon, Ontario.

    Benton, (TSX: BTC.V), headquartered in Thunder Bay, Ontario, is an
exploration and development company with a diverse property portfolio of
Canadian projects prospective for nickel, copper, platinum group elements,
gold, and uranium.

    Commenting on the agreement, Francis R. McAllister, Chairman and Chief
Executive Officer of Stillwater said, "An initial US$1.4 million investment in
Benton will provide Stillwater with a desired venture opportunity at the
Goodchild Project, as well as an equity position in a respected and
progressive young exploration organization with a growing portfolio of base
and precious metal exploration projects.  Benton has an experienced
management, exploration and technical team well-positioned in regions which we
believe have discovery potential."

    Mr. McAllister continued, "Stillwater to date has primarily focused on the
expansion and development of its existing PGM mining properties, and the
growth of its PGM recycling business. While these internal efforts will
continue, we are pursuing external mine growth opportunities, including both
generative exploration projects such as those Benton conducts, as well as
later stage development or operating properties."

    The agreement is subject to review by the TSX Venture Exchange.

    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 Company
can be found at its website: www.stillwatermining.com.

    Cautionary note on Forward-Looking Statements

    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 2006 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-                             04/16/2007
    /CONTACT:  Dawn E. McCurtain of Stillwater Mining Company,
+1-406-373-8787/
    /Web site:  http://www.stillwatermining.com /
    (SWC BTC.V)