A separating installation for separating magnetic and non-magnetic particles present in a suspension includes a stirring stage having a stirrer configured to create the suspension, a filter stage configured to filter the suspension according to grain size by at least one particle filter, and a screening stage having at least one wet screen. The separating installation further includes a magnetic filter stage having at least one magnetic filter. The stirring stage, the filter stage, the screening stage, and the magnetic stage are interconnected by a pipe system in such a way that they form a circuit.