North American Palladium Ltd. reported preliminary production results for the fourth quarter and year ended December 31, 2012. For the quarter, the LDI mine produced 44,294 ounces of payable palladium, with the LDI mill processing 511,226 tonnes of ore, of which 239,794 tonnes came from underground sources (with an average palladium mill head grade of 4.93 grams per tonne), and 271,432 tonnes from surface sources (with an average palladium mill head grade of 2.44 grams per tonne). The combined average palladium mill head grade was 3.61 grams per tonne, and the palladium recovery was 82%.

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%.