In its third-quarter earnings report, North American Palladium (NAP) announced increased palladium production and a new plan to extend the mine life at the Lac de Iles mines (LDI).
Underground production was 565,277 metric tons (mt) at an average grade of 3.2 grams/mt (g/mt) this quarter compared to 500,560 mt at an average palladium grade of 3.8 g/mt in the third quarter of 2017. The company produced 56,852 ounces (oz) of payable palladium at an all-in sustaining cost (AISC) of US$733/oz compared to 53,118 oz of palladium at an AISC of US$688/oz in the third quarter of 2017.
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