North American Palladium (“NAP” or the “Company”) (TSX:PDL) (OTC PINK:PALDF) is pleased to announce that its Lac des Iles Mine (the “Mine” or “LDI”) has met and exceeded the targeted underground production rate of 6,000 tonnes per day (“tpd”), ahead of the original 2017 production plan, and has also returned to full-time mill operations several weeks ahead of schedule.
During the 5-week period ending September 17, 2017, underground production at LDI averaged over 6,400 tpd, including 10 days of over 7,000 tpd, and a new underground production record of 7,991 tpd set on August 30th.
Jim Gallagher, North American Palladium’s President and CEO, said:
“We are pleased with the continued operational advancements we are seeing at the Lac des Iles Mine. These strategic milestones were achieved ahead of schedule due to a focused effort from the entire site team. The Company anticipates the Mine will continue to see underground production rates above 6,000 tpd for the remainder of the year and into 2018.”