Palladium

North American Palladium Ltd. (TSE:PDL,NYSE:PAL) reports financial results and operational updates for the second quarter.

North American Palladium Ltd. (TSX:PDL,NYSE:PAL) reports financial results and operational updates for the second quarter.

The press release is quoted as saying,

Q2 Highlights
  • Production of 46,971 ounces of payable palladium at a cash cost1 of US$335 per ounce;
  • Realized palladium price of US$751 per ounce, giving an operating margin of US$416 per ounce, and total operating margin of US$20 million for the palladium produced;
  • Revenue of $51.4 million;
  • Adjusted EBITDA of $15.4 million;
  • Net income of $5.4 million, or $0.03 per share; and
  • Increase in credit facility with the Bank of Nova Scotia, from $30 million to $60 million.

For the complete press release, click here.

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