Shares Fall 16% for North American Palladium on Preliminary Q1 Production Results

Stockhouse reported today that North American Palladium (TSX:PDL) shares fell 16.04% to $0.445 per share after the release of preliminary production results for the first quarter of 2014.

As quoted in the publication:

According to the news release, the company continues to move ahead with ramping up production through the shaft with underground production for the quarter averaging approximately 3,065 tonnes per day which is above operating guidance for the first half of the year.

PDL also announced payable palladium production for the quarter totaling an approximate 42,500 ounces with production benefiting from higher underground grades averaging approximately 4.96 grams per tonne palladium.

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