North American Palladium Announces 2011 Guidance on Production, Capital Expenditures and Exploration Budgets

North American Palladiumn (TSX:PAL) has released guidance for its’ palladium and gold production.

The press release is quoted as saying:

Payable palladium production from the Lac des Iles mine to increase by approximately 75% from 95,100 ounces in 2010 to between 165,000 to 175,000 ounces in 2011;

William J. Biggar, President and CEO of North American Palladium, said:

“Over the next two years, we plan to achieve our ambitious growth strategy to become a mid-tier precious metals producer by significantly increasing our palladium and gold production. During this transition period, we will invest over a quarter of a billion dollars in our mine expansions, exploration, and the development of our gold properties, thereby creating significant value for our shareholders,

To access the full press release, click here.