BILLINGS, MT -- 06/27/08 --
STILLWATER MINING COMPANY (NYSE: SWC) reported
that it is continuing its meetings and negotiations with the USW
International Union for a new labor agreement. During this period of
negotiation, the parties have agreed to extend the expiration of the
existing agreement until 11:59 p.m. (MDT) on Thursday, July 10, 2008. In
the meantime, operations continue as normal.
Although, the company and the union are working hard to achieve a timely
renewal of the agreement satisfactory to both parties, there can be no
assurances that such a renewal will be made on a timely basis. If an
agreement is not reached, the company's ability to continue its normal
operations could be affected.
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 the Russian Federation. 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
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 2007 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.
CONTACT:
Stillwater:
John R. Stark
406-373-8700
USW:
Steven Gentry
406-656-1439
