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February 13, 2014
03:25 EDTPALNorth American Palladium reports positive production ramp up progress
North American Palladium is pleased to report on the progress of its production ramp up from the lower Offset Zone utilizing the new shaft infrastructure at its Lac des Iles palladium mine in northern Ontario. In January, underground production averaged over 3,100 tonnes per day, ahead of the company's operating guidance, which forecasted an average underground mining rate of approximately 3,000 tonnes per day for the first half of the year. The company estimates that payable palladium production in January totaled approximately 15,200 ounces, which was approximately 15% above internal forecasts and represented one of the best months in the last two years of operation. Production in January also benefited from higher underground grades which averaged approximately 4.90 grams per tonne palladium. The company has also started to benefit from its ongoing mill improvements, with January recoveries averaging around 84% from a blended concentrate mill head grade of approximately 3.35 grams per tonne. The company's plans to modify the design of the underground ore handling system are on track, which upon completion should increase the tonnage hoisted through the shaft and accordingly result in decreased mining costs.
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December 11, 2014
06:10 EDTPALNorth American Palladium provides update on ramp-up progress at Lac des Iles
North American Palladium announces an update for selected operating results for the months of October and November and year to date from the ongoing successful ramp-up of its operations at its Lac des Iles, or LDI, mine in Thunder Bay, Ontario. For October and November, the company produced 41,986 payable ounces of palladium from its Lac des Iles mine at a cash cost per ounce of $375. The mill commenced a trial full time run on October 1, and production cost per tonne milled for the two months averaged $36. Production of payable palladium year to date to the end of November is 156,409 ounces, and the Company expects to achieve its guidance for 2014. Year to date cash cost per ounce is $495 and production cost per tonne milled is $50. Underground production from LDI continues to ramp-up with daily mining rates for October averaging 3,736 tonnes, November 4,216 tonnes and to December 9, 4,765 tonnes. During this time period, the company has surpassed daily production rates of 5,000 tonnes per day on numerous occasions.

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