North American Palladium Ltd. (fka PALDF)

[JD400]

Operations Update

During the quarter, the mill processed 704,287 dry metric tonnes of ore at an average head grade of 2.9 grams of palladium per tonne and a palladium recovery rate of 82.3%, producing 6,101 tonnes of concentrate with an average grade of 276 grams of palladium per tonne.

Construction continued in the quarter on the center-line raise of the Company’s South Tailings Management Facility, which will be available to receive tailings in November 2017. This is expected to supplement the remaining capacity in the Company’s East Tailings Management Facility and meet operating requirements well into 2018. The next phase of the tailings dam construction includes downstream raises at both the South and East Tailings Management Facility. The Lac des Iles mine has completed the required consultations and submissions and expects final permits in the near future. Stripping of the Sheriff Pit is largely complete and initial production is expected before year end.

Nice drivers !

http://www.nap.com/investors/news-releases/news-releases-details/2017/Production-and-Profits-Increase-at-North-American-Palladium-with-the-Announcement-of-its-Third-Quarter-2017-Financial-Results/default.aspx