North American Palladium Announces Third Quarter Production Results

North American Palladium Ltd. (TSX:PDL,NYSE:PAL) announced its preliminary palladium production results for the third quarter.

As quoted in the press release:

In the third quarter of 2012, the LDI mine produced 37,908 ounces of payable palladium, bringing the nine month total to 119,685 ounces. The Company remains well positioned to achieve its annual production guidance of 150,000 to 160,000 ounces of palladium in 2012.

During the third quarter, the LDI mill processed 504,022 tonnes of ore, of which 172,879 tonnes came from underground sources (with an average palladium mill head grade of 5.20 grams per tonne), and 331,143 tonnes from surface sources (with an average palladium mill head grade of 2.35 grams per tonne). The combined average palladium mill head grade was 3.33 grams per tonne, and the palladium recovery was 77%.

Click here to read the North American Palladium Ltd. (TSX:PDL) press release.