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April 7, 2014
08:26 EDTPALNorth American Palladium announces preliminary Q1 production results
North American Palladium reports operations continue to make good progress ramping up production through the shaft. In Q1, underground production averaged approximately 3,065 tonnes per day, ahead of the company's operating guidance for the first half of the year. Based on preliminary results, the company estimates that payable palladium production for the quarter ended March 31 totaled approximately 42,500 ounces. Production also benefited from higher underground grades which averaged approximately 4.96 grams per tonne palladium. The company continues to benefit from ongoing mill improvements, with Q1 recoveries averaging around 85%.
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