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North American Palladium Ltd (PDL.TO)

PDL.TO on Toronto Stock Exchange

5.82CAD
19 Sep 2017
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Latest Key Developments (Source: Significant Developments)

North American Palladium •Q2 earnings per share C$0.14
Tuesday, 1 Aug 2017 05:10pm EDT 

Aug 1 (Reuters) - North American Palladium Ltd :North American Palladium announces return to profitability with its second quarter 2017 financial results.Q2 earnings per share C$0.14.Q2 revenue rose 76 percent to C$70.3 million.North American Palladium Ltd qtrly mill production of 50,222 ounces of payable palladium in comparison to 38,203 payable ounces produced in Q2 2016.North American Palladium Ltd- ‍all in sustaining costs were US$644 per ounce sold in Q2 versus US$699 in Q2 2016​.North American Palladium-Q3 production to be "slightly impacted" by rehabilitation work in underground ore bins, will reduce production over 3 week period.Qtrly ‍underground production was 455,169 tonnes, at an average grade of 3.9 grams per tonne, up 66 percent​.  Full Article

North American Palladium signs option agreement for sunday lake project
Tuesday, 20 Jun 2017 04:10pm EDT 

June 20 (Reuters) - North American Palladium Ltd :North American Palladium signs option agreement for the sunday lake project and commences new exploration strategy.North American Palladium Ltd - signing of a definitive option agreement with Impala Platinum Holdings Limited and Transition Metals Corp.North American Palladium -agreement provides co with exclusive right to acquire 75% ownership position in Sunday Lake project located near thunder bay.North American Palladium Ltd - ‍commenced implementation of a new exploration strategy, as part of its overall business plan​.North American Palladium Ltd - ‍new exploration strategy features up to $10 million of annual exploration spending over next three years​.North American Palladium -deal for cumulative cash payment of $3.5 million, completing minimum $4.5 million in qualified expenditures over 5-year staged earn-in period.  Full Article

North American Palladium announces filing of final base shelf prospectus
Monday, 19 Jun 2017 09:22am EDT 

June 19 (Reuters) - North American Palladium Ltd ::North American Palladium announces filing of final base shelf prospectus, proposed marketed offering of flow-through shares and common shares and proposed amendment to credit facility.North American Palladium - file draft prospectus supplement to shelf prospectus in connection a proposed marketed offering of about $40 million common shares.North American Palladium - intends to use net proceeds for repayment of portion of indebtedness owing to Brookfield Capital Partners, Bank Of Nova Scotia.North American Palladium - will file draft prospectus supplement to shelf prospectus in connection with offering about$10 million "flow-through" common shares.North American Palladium - amendment of its existing credit facility with Bank Of Nova Scotia to extend maturity from December 31, 2017 to June 30, 2018.  Full Article

North American says average mill operating rate is of about 12,250 tonnes per day for Lac Des Iles mine property
Wednesday, 7 Jun 2017 08:17am EDT 

June 7 (Reuters) - North American Palladium Ltd :North American palladium - announces results of a feasibility study including a new life of mine ("lom") plan for its lac des iles mine property.North American palladium ltd - "bullish outlook for palladium is based on current and projected supply deficits".North american palladium - as per feasibility study, average mill operating rate is of about 12,250 tonnes per day for lac des iles mine property.North American palladium-plan includes average mining rate of 6,250 tpd from underground sources, 5,420 tpd from surface sources, averaged over 2018-2025.North American palladium ltd - cash flow analysis associated with lom plan resulted in a cumulative after-tax cash flow of $678 million.North American palladium ltd - lom plan commences on july 1, 2017 and includes continuous production from lac des iles mine for 9.5 years.As per feasibility study, total lom capital expenditures is of $303 million for lac des iles mine property.  Full Article

North American Palladium announces Q1 loss per share C$0.07
Thursday, 4 May 2017 05:42pm EDT 

May 4 (Reuters) - North American Palladium Ltd :North American Palladium announces first quarter 2017 results.Q1 loss per share C$0.07.Q1 revenue rose 36 percent to C$44.3 million.North American Palladium Ltd - Qtrly mill production of 40,252 ounces of payable palladium was comparable to 40,216 payable ounces produced in q1 2016.North American Palladium Ltd - Company's previous 2017 guidance of Palladium production remains unchanged.Qtrly palladium sales of 33,297 ounces versus sales of 37,768 ounces.All in sustaining cost for second half of 2017 is expected to drop to $550-560 per ounce.North American Palladium Ltd - Conversion of underground mining operations to sls mining method is expected to be complete by mid-year.North American Palladium Ltd - AISC for second half of 2017 is expected to drop to $550-560 per ounce.  Full Article

North American Palladium sees 2017 production of between 180,000 and 190,000 ounces of palladium
Wednesday, 22 Feb 2017 08:02pm EST 

North American Palladium Ltd : North American Palladium announces year end 2016 results and 2017 guidance .Sees 2017 production of between 180,000 and 190,000 ounces of palladium at average aisc cost of $700-720/oz of palladium.  Full Article

North American Palladium announces third quarter 2016 results
Thursday, 3 Nov 2016 05:40pm EDT 

North American Palladium Ltd : North American Palladium Ltd- Commercial production from B2 zone is expected to commence in Q3 2017 . North American Palladium Ltd - Produced 33,165 ounces of payable palladium in Q3 compared to 57,914 ounces of palladium in Q3 2015 . North American Palladium - Production guidance for 2016 of between 160,000 to 175,000 payable ounces is revised to between 150,000 to 155,000 ounces . North American Palladium Ltd - Commercial production from B2 zone is expected to commence in Q3 2017 . North American Palladium announces third quarter 2016 results . Q3 loss per share C$0.03 .Q3 revenue C$48.5 million versus C$64.7 million.  Full Article

North American Palladium Q2 revenue rises 46 pct to C$39.9 mln
Thursday, 4 Aug 2016 06:00pm EDT 

North American Palladium Ltd : Q2 loss per share c$0.17 . North american palladium announces second quarter 2016 results .Q2 revenue rose 46 percent to c$39.9 million.  Full Article

North American Palladium Ltd Revises FY 2015 production guidance
Wednesday, 30 Sep 2015 04:05pm EDT 

North American Palladium Ltd:Revising its 2015 guidance to 160,000 to 170,000 ounces of palladium produced down from the previously announced 185,000 to 205,000 ounces.  Full Article

North American Palladium Announces Workforce Reduction
Wednesday, 30 Sep 2015 04:05pm EDT 

North American Palladium Announces Workforce Reduction:Says that as a result of weak metal prices it has taken the step to reduce its workforce at the Lac des Iles (LDI) mine by a total of 44 employees including 18 staff and 26 unionized positions.Says an additional 17 vacancies will not be filled resulting in a net reduction of 61 positions.After these reductions the site will employ a total of 422 workers.Tied to this reduction is the decision to stop blending the low grade surface stockpile with the higher grade underground ore and return to a 14 day on, 14 day off operating schedule for the mill at a planned throughput of 13,400 tonnes per day when the mill is operating.Says surface stockpile at less than one gram per tonne palladium is not economic at current prices.  Full Article

BRIEF-North American Palladium •Q2 earnings per share C$0.14

* North American Palladium announces return to profitability with its second quarter 2017 financial results