North American Palladium Ltd. Reports Preliminary Production Results for the Fourth Quarter and Year Ended December 31, 2012
For the year, the LDI mine produced 163,980 ounces of payable palladium, achieving the higher end of management's annual production guidance of 150,000 to 160,000 ounces. LDI mill processed 2,063,260 tonnes of ore, of which 853,600 tonnes came from underground sources (with an average palladium mill head grade of 5.19 grams per tonne), and 1,209,660 tonnes from surface sources (with an average palladium mill head grade of 2.21 grams per tonne). The combined average palladium mill head grade for the year was 3.44 grams per tonne, and the palladium recovery was 78%.