North American Palladium Ltd. (fka PALDF)

[Flygy481]

Don’t forget the reverse split(s)

[JD400]

$PALDF 3 Year Longs Pocketing a 236% Gain Today

$PALDF

If You Had Bought North American Palladium TSE:PDL Stock Three Years Ago, You Could Pocket A 236% Gain Today

Simply Wall St.October 2, 2019

It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes to zero. But when you pick a company that is really flourishing, you can make more than 100%. For instance the North American Palladium Ltd. (TSE:PDL) share price is 236% higher than it was three years ago. How nice for those who held the stock! On top of that, the share price is up 20% in about a quarter.

[JD400]

$PALDF 14.15 + 1.08 (8.26%)Welcome To The_TSX30

[JD400]

TORONTO, Sept. 26, 2019 (GLOBE NEWSWIRE) -- North American Palladium Ltd. ("NAP" or the "Company") (TSX:PDL) OTC PINK:PALDF is pleased to announce it has been recognized in the inaugural TSX30 as one of the top 30 Toronto Stock Exchange (“TSX”) listed stocks based on dividend-adjusted share price appreciation over the past three years. The TSX30 is aimed at recognizing the achievements of some of the best performing companies listed on the TSX.

“We are very proud to be included in the TSX30, alongside some of the most compelling success stories on the TSX,” stated Jim Gallagher, President and CEO. “North American Palladium has worked tirelessly to enhance its operational performance and further drive shareholder return. We are confident inclusion in this recognition program will further open up investment interest in North American Palladium by investors looking to track top-performing, dividend-paying companies.”

NAP has delivered record production and revenue in 2019 and almost $91 million in free cash flow in the first half of this year. The Company has paid a growing quarterly dividend for the past three quarters, with a special dividend being paid out in Q2 2019.

https://www.nap.com/investors/news-releases/news-releases-details/2019/North-American-Palladium-Recognized-as-TSX30-Company/default.aspx

[nowwhat2]

Palladium's needed for combustion engines.....




Was looking for it to come down (some) ex-dividend.....




And it BRIEFLY indeed did (it spiked down to the Red Line)






Man.....that chart's not even showing todays' freaking high/close (of 17.77) !



Which I believe has just neatly "filled the gap".....

[JD400]

13.32 + 1.10 (9.01%)

Looks like PALDF & Palladium liked Yesterdays Rate Cut.

and today "I'm the Luckiest Man On The Face Of The Earth"

Until tomorrows Quad-Witch Hehe

[nowwhat2]

Oh yeah of course no/eh - That's what explains it.....

Are gonna be needing just TONS of palladium....

Climate change deniers


I've just been watching (in awe) this darned stock -

All this even AFTER the special div

[JD400]

Auto Emission News

Trump blocks California auto emission rules

By ALEX GUILLÉN


Updated 09/19/2019 09:34 AM EDT


President Donald Trump said on Wednesday he was revoking California's power to enforce more stringent limits on vehicle carbon pollution than the federal government, sparking a battle with the state that has led a revolt against the Environmental Protection Agency's rollbacks of dozens of environmental regulations.

https://www.politico.com/story/2019/09/17/epa-california-obama-waiver-1500336

Whelp, theirs goes 29 years of auto emissions innovation !

Also tomorrow is a Quad-Witch day

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx


Quadruple Witching

What it is:

Quadruple witching refers to the third Friday of every March, June, September and December. On these days, market index futures, market index options, stock options and stock futures expire, usually resulting in increased volatility.
How it works/Example:

Although futures and options generally share simultaneous expirations on the third Friday of every month, quadruple witching days only occur four times a year. The last hour of these trading days, from 3:00 to 4:00 p.m. EST, is referred to as the quadruple witching hour.

On quadruple witching days, and especially during quadruple witching hours, many investors attempt to unwind their futures and options positions before the contracts expire. This activity frequently includes repurchasing contracts and closing out position market capitalizations.

Why it matters:

Quadruple witching days are usually accompanied by considerable volatility in stock and derivative prices, as well as increased trading volume. As a result, investors can anticipate and plan for the potential effects of these relatively turbulent trading days.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Palladium bolting today in prep for tomorrows Quad witch.

https://finviz.com/futures_charts.ashx?p=d1&t=PA

[JD400]

North American Palladium Ltd. PALDF Delivered A Better ROE Than Its Industry

Simply Wall St.September 12, 2019


One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. To keep the lesson grounded in practicality, we'll use ROE to better understand North American Palladium Ltd. (TSE:PDL).

Our data shows North American Palladium has a return on equity of 27% for the last year. One way to conceptualize this, is that for each CA$1 of shareholders' equity it has, the company made CA$0.27 in profit.

https://finance.yahoo.com/news/north-american-palladium-ltd-tse-143550037.html

[JD400]

Great to see NAPs earnings have been skyrocketing_up_81%_per_year for the past five years.

A Sterling Combination

" North American Palladium has been growing earnings at a rapid rate, and has a conservatively low payout ratio, implying that it is reinvesting heavily in its business; "

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. North American Palladium paid out just 4.6% of its profit last year, which we think is conservatively low and leaves plenty of margin for unexpected circumstances. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. It paid out 6.0% of its free cash flow as dividends last year, which is conservatively low.

It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously.


PALDF

[Flygy481]

Wow

[nowwhat2]

What the heck ?.....Why, I'll never "get it".....Was thinking & hoping that it'd nosedive a bit - So's that I could re-enter but.....

Oh !.....It's the spot price soaring (that's why) I guess *

[nowwhat2]

Awww yeah - That there widget - I've used THAT before ;

Where, here one we see your leveling off :

There's certainly SOME kind of a case building alright....

T'would be a miracle if it went with more UP !....LoL

[JD400]

Cool Chart Widget you might like

https://s.tradingview.com/silverprice/widgetembed/?symbol=TVC%3ASILVER&interval=30&hidesidetoolbar=0&symboledit=1&saveimage=1&toolbarbg=f5f5f5&watchlist=TVC%3AGOLD%1FTVC%3ASILVER%1FTVC%3APLATINUM%1FTVC%3APALLADIUM%1FTVC%3AGOLDSILVER%1FTVC%3AUSOIL%1FOANDA%3AEURUSD%1FFX_IDC%3AUSDJPY%1FINDEX%3AHUI%1FINDEX%3AXAU%1FCOINBASE%3ABTCUSD&details=1&studies=%5B%5D&hideideas=1&theme=White&style=1&timezone=America%2FNew_York&hideideasbutton=1&withdateranges=1&studies_overrides=%7B%7D&overrides=%7B%7D&enabled_features=%5B%5D&disabled_features=%5B%5D&locale=en&utm_source=silverprice.org&utm_medium=widget&utm_campaign=chart&utm_term=TVC%3ASILVER

Click on palladium

See how it has leveled off since the 19th of Aug.

Palladium's in some kind of holding pattern.

I don't trade CFDs (Contract For Difference) trading but get insights from these widgets.

Oh brother you sure can see how palladium reacts to these wild market swings Aug 1 & 2nd

A number of things are happening right now.

Did you know that insiders are selling like mad

To the tune of 600 million each day in August

http://theeconomiccollapseblog.com/archives/preparing-for-a-financial-apocalypse-insiders-are-selling-600-million-of-stock-per-day-in-august

It's the treasury yield curve that's got everything on edge as you probably already know.

It needs more easy QE debt money just to stabilize But people are waking up and realizing QE won't keep it from falling and it will need more and more QE on every round cycle like were in now. It's a Rinse cycle where the only winner are the central banks.

Plus old Donald needs more and more QE to keep the massive bubble from bursting, so expect more QE, Debt money what ever you want to call it. It's coming.

If they don't raise the interest rates the treasury yield will continue to fall every time after it's stabilized with QE.

If they raise interest rates the bubble will burst markets will crash and the yield curve will normalize.

We're all in deep trouble, This market needs to correct like it does every 7 years or so, It's been 11 years

Ok enough ranting, What do you guys think

enJoy the widget

[nowwhat2]

Oh - Okay - so today was the day where a buyer did NOT receive the dividend....(no doubt that's why it's called EX-dividend)


What is record date and ex-dividend date?

Record date is the date by which an investor must be listed as a security holder on the company’s books and records in order to be eligible to receive the declared dividend or distribution. The company sets a record date upon announcement of the dividend.

Ex-dividend date precedes the record date by a few business days (depending on the length of the settlement process). In order to be eligible to receive the declared dividend or distribution, an investor needs to buy the stock at least one day before the ex-dividend date to ensure the transaction is entered into the company's record/books. However, if the investor purchases the stock on or after its ex-dividend date, that investor will not receive the declared dividend or distribution on the record date (in this case, the declared dividend or distribution would be paid to the seller of the security).




Anyways okay so NOW it's definitely EX-dividend !.....




Closed near the lows at 14.40 (down 2.57 %)

[nowwhat2]

Is reflecting some of the volatility we're likely to see -

Just haven't been able to figure out how shell react !



Down 4 % Stateside ?

[nowwhat2]

Nice DD there - Thank you - Cheers

Not too many trading days now remaining for one to snag the special div

(along with the regular one)






So withOUT the special div, the annual yield = 2.75

and/but

WITH the special div it must (might be) up around maybe say 5 ?




He-he-he eh ?....Okay, right : So, obviously I ain't no "mathematician" eh but, sheesh does one actually NEED to be ?


No.


https://ca.finance.yahoo.com/news/why-north-american-palladium-ltd-144723955.html


Conference call Transcript
https://ca.finance.yahoo.com/news/edited-transcript-pdl-earnings-conference-231937979.html

That's good to hear as well. Sometimes you can buy timing, if you will, right. [color=blue]And I guess the last question I have obviously the special dividend is very good and the markets reacted to it as it opens here, but just want to get some parameters or understand a little bit more about how you guys are -- that you and the Board are thinking about that the potential for future special dividends. Are you guys obviously, above [1,200] you've stated that the $0.10 quarter dividend is solid. What do you guys are using as a percentage of free cash flow generated or is it why a base level of cash that is sort of setting the floor as far as how much you guys are willing to potentially put at a future special dividends?[/color]

Great question. It is a percentage of cash flow generated in the prior quarter and that's where we're looking at.

[JD400]

Visual Capitalist looks at palladium—the secret weapon in fighting pollution

by Nicholas LePan | posted with permission of Visual Capitalist | August 20, 2019

Despite the growing hype around electric vehicles, conventional gas-powered vehicles are expected to be on the road well into the future.

As a result, exhaust systems will continue to be a critical tool in reducing harmful air pollution.

The power of palladium

This infographic comes to us from North American Palladium TSX:PDL, and it shows the unique properties of the precious metal and how it’s used in catalytic converters around the world.

In fact, palladium enables car manufacturers to meet stricter emission standards, making it a secret weapon for fighting pollution going forward.


See it here
http://resourceclips.com/2019/08/20/visual-capitalist-looks-at-palladium%e2%80%94the-secret-weapon-in-fighting-pollution/

PALDF

[JD400]

North American Palladium Acquires a 51% Interest in the Sunday Lake PGM Project`

Aug 19 2019
Download this Press Release PDF Format (opens in new window)

TORONTO, Aug. 19, 2019 (GLOBE NEWSWIRE) -- North American Palladium Ltd. ("NAP" or the "Company") (TSX:PDL) (OTC PINK:PALDF) is pleased to announce that the Company has vested a 51% interest in the Sunday Lake Project (the “Project”). The decision to elect to continue investing in this platinum group metal (PGM) property was supported by encouraging drilling results from the PGM Zone, including the best intersection reported to date (41.2 m grading 3.22 g/t Pt, 2.08 g/t Pd and 0.21 g/t Au in drill hole SL-19-026). After completing two winter drilling programs, the Company has exceeded the mandated two-year exploration expenditure requirement and has completed the requisite cash payments to its partners, comprising $675,000 to Impala Platinum Holdings Limited (“Implats”) and $75,000 to Transition Metals Corp. (“Transition”). Accordingly, Implats’ interest in the joint venture has been reduced to 24% while Transition maintains a 25% free carried interest through to the completion of a Feasibility Study.

Commenting on the transaction, Company CEO and President Jim Gallagher stated, “We are very pleased to partner with Implats and Transition on the Sunday Lake Project, which is NAP’s best blue-sky opportunity and a key element of our long-term strategy to build an inventory of high-quality platinum group metal assets in the Thunder Bay region. We have demonstrated that the PGM Zone has significant lateral continuity and are now able to focus on areas of enhanced thickness and grade.”

About the Sunday Lake Project

The Sunday Lake PGM Project is located 25 km north of Thunder Bay in Jacques Township, approximately 60 km south of NAP’s Lac des Iles Mine operations (“LDI”). The property hosts the Sunday Lake Intrusion, which is part of the Proterozoic Mid-Continental Rift magmatic event that produced the Eagle nickel deposit in Michigan (Lundin Mining) and the Tamarack (Rio Tinto – Talon Resources) and Duluth Complex (Antofagasta PLC) magmatic sulphide deposits in Minnesota.

About the Agreement

Prior to NAP vesting a 51% interest, the Project was a joint venture between Transition and Implats, whereby Implats held a 75% interest and Transition held a 25% free carried interest until the completion of a Feasibility Study, at which time Transition’s interest would convert to a 25% participatory interest.

On June 20, 2017, Transition and Implats collectively signed an Option Agreement with NAP. The Agreement provides NAP with the exclusive right to acquire Implats’ 75% ownership in the Sunday Lake Project by completing the following exploration expenditures and cash payments:

Stage 1: NAP was entitled to acquire a 51% interest in the property by investing $1.5M in exploration expenditures and making cash payments of $75,000 to Transition and $675,000 to Implats within a two-year period. This stage has now been completed.

Stage 2: NAP may increase its interest from 51% to 65% by investing an additional $2.5M in exploration expenditures and making further cash payments of $125,000 to Transition and $1.125M to Implats within a two-year period.

Stage 3: NAP may further increase its interest from 65% to 75% by investing an additional $0.5M in exploration expenditures and making final cash payments of $150,000 to Transition and $1.35M to Implats within a one-year period.


https://www.nap.com/corp-home/default.aspx

[JD400]

NAP partners with Implats, Transition on Ontario project

19th August 2019

By: Mariaan Webb


North American Palladium (NAP), the owner of the Lac des Iles mine near Thunder Bay, Ontario, has vested a 51% interest in the Sunday Lake project, in which South African platinum major Impala Platinum (Implats) and Canadian project generator Transition Metals are the remaining shareholders.

Announcing its continued investment in the platinum group metal (PGM) property on Monday, the company said that its decision was supported by encouraging drilling results from the PGM Zone, including the best intersection reported to date – 41.2 m grading 3.22 g/t platinum, 2.08 g/t palladium and 0.21 g/t gold.

Prior to NAP vesting a 51% interest, the project was a joint venture (JV) between Transition and Implats, whereby Implats held a 75% interest and Transition held a 25% free-carried interest until the completion of a feasibility study, at which time Transition’s interest would convert to a 25% participatory interest.

After completing two winter drilling programmes, NAP had exceeded the mandated two-year exploration expenditure requirement and had completed the requisite cash payments to its partners, comprising $675 000 to Implats and $75 000 to Transition Metals. Accordingly, Implats’ interest in the JV has been reduced to 24% while Transition maintains a 25% free-carried interest through to the completion of a feasibility study.

Commenting on the transaction, CEO and president Jim Gallagher described Sunday Lake as NAP’s “best blue-sky opportunity” and a “key element” of its long-term strategy to build an inventory of high-quality platinum group metal assets in the Thunder Bay region.

“We have demonstrated that the PGM Zone has significant lateral continuity and are now able to focus on areas of enhanced thickness and grade.”

The Sunday Lake PGM project is located 25 km north of Thunder Bay in Jacques township, about 60 km south of NAP’s Lac des Iles mine

https://www.miningweekly.com/article/nap-partners-with-implats-transition-on-ontario-project-2019-08-19

PALDF

[nowwhat2]

Wha ???......Brookfield owned 91 % but now "only" owns 81 % ???


Man......Why that just seems too bizzare....


Regardless ;

[JD400]

xanadu Thank You Ole Brookfield will go down in the "Success" 'Hall of Fame' in how they turned NAP into the great business mining model ever.

Many of us here, after being hurt badly losing our .30 PAL shares right before Brookfield stepped in. Added to PALDF what was left when the company started showing signs of emerging again.

buying back in low 4 to 7s

They were all rewarded handsomely , I was one of them.:)

I'm too old to even think about 10 years out but one of these days a Major miner will M/A this some way, shape or form and we will lose that "F"

And Brookfield will win again on the sale

By getting their original investment back and making millions then after the sale millions more.

We are witnessing greatness here, In mining and Model

Many hubbers still play the dollar here, depends on how much powder they have.

[xanadu]

Thank you JD. I've done a little looking around and come up with an estimate that this is not a runner as iHubbers would call it, but it is one that can steadily climb by as much as 20% a year over a period of the next 10 years or longer because many peeps can't afford battery powered vehicles. NG should take off some but not all of the load. The return would be much better than the rate for a CD or the Blue Chips. JMO of course.

[JD400]

It had something to do with "the offering"

https://www.nap.com/investors/news-releases/news-releases-details/2019/North-American-Palladium-Ltd-and-Brookfield-Business-Partners-LP-Close-Secondary-Bought-Deal-Equity-Offering/default.aspx

[xanadu]

I'm lazy and ignorant. What happened around march that made this peak?

[nowwhat2]

Ohhhhh....Well that explains it : Thanks !

What a WILD week !.....Damn !

T'was coming on back down to where I felt ....* urges.

Applied to be a Mod here this morn.

: )

[JD400]

CORRECTION: North American Palladium Reports Record Revenue in Q2 2019, Announces Special Dividend
7:23 pm ET August 1, 2019 (Globe Newswire) Print

The press release that follows is re-issued due to a typographical error in the first quote of the original release (issued at 5:15pm ET August 1, 2019) whereby the value for the July average mill throughput was incorrect. The quote has been corrected and no data or any other information in the release, has changed. The complete and corrected release follows.

North American Palladium Ltd. ("NAP" or the "Company") (TSX:PDL) (OTC PINK:PALDF) today announced financial and operational results for the three months ended June 30, 2019.

Second Quarter Highlights

"Q2 2019 was another record quarter for North American Palladium and our Lac des Iles Mine," stated Jim Gallagher, President and CEO. "I am proud to report that the site continues to demonstrate its commitment to safety with another Lost Time Injury-free quarter. The team has worked hard to identify the issues related to the mill that were experienced in the first quarter and has implemented initiatives to rectify them, as evidenced by the increasing mill throughput month over month, with July's average achieving 12,784 tpd. Strong palladium prices combined with the highest-ever underground production enabled us to deliver record revenue for the second consecutive quarter. Overall, the Lac des Iles Mine operated exceptionally well and continues to demonstrate its ability to realize operational upside."

The mine expansion project is ahead of schedule this quarter in terms of both development metres and rate of underground production and the Company is well on its way to achieving 12,000 tpd by 2021. In addition, in June and July, the mill's average throughput met and exceeded budget figures, as a result of the Company's investment in remediation initiatives focused on maintenance and process improvements. These two positive outcomes have led to slightly higher operating expenses compared to Q2 2018.

Gallagher added, "Even with our increased spend in support of the mine expansion, tailings dam construction and mill improvements, North American Palladium delivered almost $91 million in free cash flow in the first half of the year."

Financial Results Three months ended June 30,
(expressed in millions of Canadian dollars) 2019 2018
Revenue $ 135.6 $ 94.1
Smelting, Refining, and Freight $ 4.0 $ 4.3
Royalty Expense $ 5.9 $ 4.0
Net Revenue $ 125.7 $ 85.8
Operating Expenses
Production Cost
Mining $ 31.2 $ 27.0
Milling $ 12.5 $ 9.9
General and Administration $ 7.5 $ 7.2
Inventory and Other Costs $ (1.1) $ 3.4
Total Production Costs $ 50.1 $ 47.5
Depreciation and Amortization $ 13.2 $ 13.0
(Gain) loss on disposal of equipment $ (0.1) $ (0.6)
Total Mining Operating Expenses $ 63.2 $ 59.9
Income from Mining Operations $ 62.5 $ 25.9
Net Income $ 36.6 $ 14.2
Net Income per Share $ 0.62 $ 0.24
Adjusted EBITDA $ 73.0 $ 37.2
Capital Investment, Including Leases $ 22.3 $ 17.5

Finance

Revenue for the quarter increased to $135.6 million, the highest in the Company's history, compared to $94.1 million for the same period in 2018. The revenue growth is largely due to the increase in the palladium price. Palladium revenue per ounce sold this quarter averaged US$1,429/oz compared to US$953/oz in Q1 2018 - a 50% increase. Positive pricing adjustments to accounts receivable amounted to an increase in quarterly revenue of $14.9 million.

Cash flow from operations increased by $25.7 million to $58.8 million in Q2 2019, compared to the same period in 2018, despite increased operating development and mill costs.

As a result, adjusted EBITDA increased to $73.0 million in Q2 2019 from $37.2 million in Q2 2018 and net income increased to $36.6 million from $14.2 million in Q2 2018.

Total capital investment increased in Q2 2019 to $22.3 million compared to $17.5 million in Q2 2018 in support of the Company's continued investment in the underground mine expansion and ongoing Tailings Management Facility construction.

Total production costs for the second quarter of 2019, before inventory and other cost adjustments, were $51.2 million or $54 per tonne milled, compared to $44.1 million or $41 per tonne milled in Q2 2018. Lower mill tonnage was the largest contributing factor to the unit production cost increase, in addition to mill optimization initiatives and increased underground operating development costs. Production costs were, however, partially offset by lower surface operations costs.

The Company remains debt-free, excluding capital leases, while building its cash balance. The Company's total liquidity as of June 30, 2019 was $185.5 million, including $58.2 million in cash and $127.3 million available under its Credit Facility.

All-in sustaining costs ("AISC") increased in the quarter to US$834 per ounce of payable palladium produced compared to US$658 per ounce in Q2 2018. A large part of this increase resulted from increased operating costs associated with the mine expansion and the need to address mill performance issues. Additional contributing factors included increased royalties due to higher palladium prices, lower by-product revenue and fewer ounces produced compared to Q2 2018.

Operating Results Three months ended June 30,
2019 2018
Ore mined (tonnes)
Underground 637,639 532,865
Sheriff Pit - 114,820
Surface stockpiles 335,914 414,265
Total 973,553 1,061,950
Mined ore grade (Pd g/t)
Underground 2.9 3.0
Sheriff Pit - 1.1
Surface 0.9 1.0
Milling
Tonnes ore milled (dry metric tonnes) 955,659 1,077,472
Head grade (grams palladium per tonne milled) 2.4 2.2
Palladium recoveries (%) 80.6 79.5
Palladium concentrate grade (g/t) 207 239
Tonnes of concentrate produced (dry metric tonnes) 8,879 7,735
Production cost per tonne ore milled $ 54 $ 41
Payable production
Palladium - ounces 56,472 57,652
Other results
Underground cost per tonne mined $ 41 $ 38
AISC per ounce of palladium produced, net of by-product revenues (US$) $ 834 $ 658
Cash cost per ounce of palladium sold, net of by-product revenues (US$) $ 623 $ 500

Operations

Positive results were reported by the Company's operations.

The underground mine expansion is ahead of schedule as a result of increased development rates and infrastructure upgrades. A total of 3,249 metres of development occurred during the quarter at an average daily rate of 35.7 metres. The project is currently on track to achieve its 12,000 tpd production target by 2021.

Underground production remains above budget and increased to a record average of 7,007 tpd in Q2 2019 from 5,856 tpd in Q2 2018. This is the highest quarterly production in the Company's history. Underground costs per tonne increased slightly to $41 in Q2 2019 from $38 in Q2 2018. In June, an average of 8,720 tpd of ore and waste material was moved underground, which represents a 25% increase over the 2018 average.

Mill recovery increased this quarter to 80.6% from 79.5% in Q2 2018. The Company produced a total of 56,472 payable ounces of palladium, a slight decrease from the 57,652 payable ounces produced in Q2 2018. Mill throughput was, as anticipated, below target at 10,502 tpd due to the ongoing mechanical issues communicated in the first quarter. These challenges have largely been resolved and mill production is continuing to deliver on a positive trajectory, further evidenced by July 2019's throughput of 12,784 tpd.

Exploration

Exploration expenditures for Q2 2019 were $5.1 million compared to $2.4 million in Q2 2018 as a result of significant increases in diamond drilling at both the LDI and the Sunday Lake property. A total of 15,599 metres of drilling was completed in the quarter, comprising 7,004 metres of underground drilling at LDI, 8,019 metres of surface drilling at LDI, and 576 metres of surface drilling at Sunday Lake.

Exploration results received during the quarter are described in three recent news releases available on the Company's website, www.nap.com. Highlights include:

Plans for the third quarter include additional underground exploration drilling to target the down dip extension of the C Zone, the Offset Satellite Zones (B Zones), and the modeled southward and down-plunge continuation of the Roby-Offset deposit to the south of the Camp Lake fault. Much of the planned drilling will utilize the nearly-completed new exploration drift located on the 1,065-metre level of the underground mine. Additional surface drilling will be completed in the East Mine Block area with the focus shifting to initial testing of several recently-developed geophysical targets.

Dividend

After giving consideration to the long-term plan for LDI, current operating performance, market conditions and a provision for minimum liquidity, the Board has determined that a quarterly dividend of $0.10 per share should be sustainable during periods when palladium prices exceed US$1200 per ounce. During periods of high prices and/or improved operating results, the Company has the potential to generate cash flow surplus to its business requirements even after the payment of the existing dividend. In these circumstances and on a quarterly basis, the Board intends to assess and determine whether an additional dividend payment would be appropriate.

Reflecting on the operating and financial performance during the second quarter, the Board approved a dividend of $0.45 per share payable to common shareholders of record as of September 1, 2019. This dividend reflects a regular quarterly dividend of $0.10 per share plus an additional special dividend of $0.35 per share.

Outlook

The Company reiterated its previous 2019 production guidance of 220,000 to 235,000 ounces of payable palladium.

Based on planned higher production and anticipated mill throughput improvement in the second half of the year, the Company expects to be near the upper end of its 2019 AISC guidance of US$785 to US$815 per payable ounce of palladium produced.

Shareholder Information

The Company's complete consolidated financial statements for the quarter ending June 30, 2019 and the related management team discussion and analysis can be found on NAP's website at www.nap.com, and on SEDAR at www.sedar.com.

The Company invites you to join its webcast and conference call on Friday, August 2, 2019 at 9:00 a.m. E.T.

Conference Call Details:
Date: Friday, August 2, 2019
Time: 9:00 a.m. ET
Dial-In: North America: 1-800-319-4610 | International: 1-604-638-5340
Recording: Available within 24 hours following the call at www.nap.com.
Webcast: http://services.choruscall.ca/links/nap20190802.html
Replay: International Toll: 1-604-674-8052 | North America Toll-Free: 1-855-669-9658
Replay Passcode: 3347 (available until August 16, 2019)

Notes:

Non-IFRS measures. Such non-IFRS measures do not have a standardized meaning under the financial reporting framework used to prepare the Company's financial statements and may not be comparable to similar financial measures presented by other issuers. For information regarding how the non-IFRS measures provide useful information and the additional purposes for which management uses the non-IFRS measure, please refer to Non-IFRS Measures in the Company's management team discussion and analysis.

The determination of mined tonnes requires reliance upon various estimates, including estimated load factors assigned to trucks and the shaft skips, density factors assigned to the size of ore being mined, the impact of seasonal conditions, and the variability of the moisture content at the time of extraction.

All figures are in Canadian dollars except where noted.

The analyses reported in this news release were performed by ALS Global in Vancouver, British Columbia. The Company's rigorous internal quality control and quality assurance protocols are described in detail in the current Technical Report for LDI (September 2018 - available on SEDAR).

Qualified Person

The technical content of this news release was reviewed and approved by the Company's Vice-President, Exploration, Dr. Dave Peck. Dr. Peck is a Qualified Person under the meaning of National Instrument 43-101 and a registered Professional Geoscientist with the Association of Professional Geoscientists of Ontario, the Association of Professional Engineers and Geoscientists of British Columbia, and the Association of Professional Engineers and Geoscientists of Manitoba.

Cautionary Statement on Forward-Looking Information

Certain information contained in this news release constitutes 'forward-looking statements' and 'forward-looking information' within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. The words 'target,' 'plan,' 'should,' 'could,' 'estimate,' 'guidance,' and similar expressions identify forward-looking statements. Forward-looking statements in this news release include, without limitation: information pertaining to the Company's future dividend payments; information pertaining to the Company's strategy, strategic process, plans or future financial or operating performance, such as statements with respect to, long term fundamentals for the business, operating performance expectations, project timelines, tailings management plan, mining method change, production forecasts, operating and capital cost estimates, expected mining and milling rates, cash balances, projected grades, mill recoveries, metal price and foreign exchange rates and other statements that express management's expectations or estimates of future performance. Forward-looking statements involve known and unknown risk factors that may cause the actual results to be materially different from those expressed or implied by the forward-looking statements. Such risks include, but are not limited to: the possibility that metal prices and foreign exchange rates may fluctuate, the risk that LDI may not perform as planned, that the Company may not be able to meet production forecasts, the possibility that the Company may not be able to generate sufficient cash to pay a dividend and/or to service its indebtedness and may be forced to take other actions, inherent risks associated with development, exploration, mining and processing including environmental risks and risks to tailings capacity, employment disruptions, including in connection with collective agreements between the Company and unions and the risks associated with obtaining necessary licenses and permits. For more details on these and other risk factors see the Company's most recent management's discussion and analysis and the Company's annual information form on file with Canadian securities regulatory authorities on SEDAR at www.sedar.com under the heading "Risk Factors."

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The factors and assumptions contained in this news release, which may prove to be incorrect, include, but are not limited to: that the Company will be able to continue normal business operations at LDI, that metal prices and exchange rates between the Canadian and United States dollar will be consistent with the Company's expectations, that there will be no significant disruptions affecting operations, and that prices for key mining and construction supplies, including labour, will remain consistent with the Company's expectations. The forward-looking statements are not guarantees of future performance. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except as expressly required by law. Readers are cautioned not to put undue reliance on these forward-looking statements.

About North American Palladium Ltd.

North American Palladium (TSX: PDL) (OTC PINK: PALDF) is a Canadian company with 25 years of production at the Lac des Iles Mine in a low-risk jurisdiction northwest of Thunder Bay, Ontario. North American Palladium is the world's only pure play palladium producer. With over 700 employees, the Lac des Iles Mine features a unique, world-class ore body and modern infrastructure, including both an underground mine and surface operations.

For further information, please contact:

North American Palladium Investor Relations at 416-360-7374 or [e-mail].

https://ml.globenewswire.com/media/aec7cf07-7ad4-4034-9cc4-76f2fae1061e/small/nap-logodevelopment-final-01-png.png

[nowwhat2]

Sorry to learn that you'll be lessening your role here !

Your DD has been very helpful !.....I may TRY to apply - and just see how that goes

[JD400]

If anyone would like to help moderate this board it would be appreciated.

I'll be away for awhile pursuing some other opportunities but I'll still be around.

NAP is a very good pure play palladium company with tons of upside potential coming, Always plenty of company news to report and palladium always has news investors like to read too.

Keep in mind, Their comes a day in NAPs future when PALDF will lose that "F"

This stock has been and still is my best miner. a great long

Thanks everyone it has been a pleasure to serve.

J:D

[JD400]

North American Palladium Announces Details of Second Quarter Investor Conference Call and Webcast
Jul 16 2019
Download this Press Release PDF Format (opens in new window)

TORONTO, July 16, 2019 (GLOBE NEWSWIRE) -- North American Palladium Ltd. ("NAP" or the "Company") (TSX:PDL) (OTC PINK:PALDF) today announced that the Company will release its financial and operating results for the second quarter of 2019 on Thursday, August 1, 2019.

The Company will host a conference call to review the results Friday, August 2, 2019 at 9:00 am ET. Interested parties are invited to join the call via the telephone numbers below, to listen to the webcast or to access a replay of the call at www.nap.com.

NAP Q2 Investor Conference Call
Date: Friday, August 2, 2019
Time: 9:00 a.m. ET
Dial-in: North America: 1-800-319-4610 | International: 1-604-638-5340

https://www.nap.com/investors/news-releases/news-releases-details/2019/North-American-Palladium-Announces-Details-of--Second-Quarter-Investor-Conference-Call-and-Webcast/default.aspx