Boston, MA 03/04/2014 (wallstreetpr) – North American Palladium Ltd (USA) (NYSEMKT:PAL) the Toronto-based precious metals producer and lead palladium producer, mines most of its precious materials from its Canadian mines located in Lac des LLes mine in Ontario. The basic operations for the company are represented by its subsidiary – Lac des LLes Mines Ltd.
North American Palladium Ltd (USA) (NYSEMKT:PAL) has announced the result for the full year of 2013- on the operational as well as financial fronts.
The production of palladium for the company has been in the region of 135, 158 ounces, reportedly at a cash cost per ounce at $560. The selling price of palladium is $724 per ounce. The palladium operating margin is $164 per ounce, valued at $22.2 million. Additionally, the revenue is $153.2 million.
Financial Performance
North American Palladium Ltd (USA) (NYSEMKT:PAL) has also reported EBITDA of $13.4 million. The company has reported investment of $109.5 million as part of the capital expenditure (which includes $28.6 million). The company has also reported investment of $12.3 million in exploration.
North American Palladium Ltd (USA) (NYSEMKT:PAL) has also been busy on the operations happening on-site as well. Thus far the shaft construction is nearly completed, with the commission expected to be at the end of the year. This mining major has also reported that there is high room for the increase in the production in this year. The revelation was made in January and will lead to some changes for the company.
Decreased mining volumes
North American Palladium Ltd (USA) (NYSEMKT:PAL) will see movement on other business fronts as well. These are expected to be in relation to its funding of projects. One of the major financing options opening for the company has been in the financing of $32 million. Subsequently, the company is expected to see the year end on a profitable note. The 5% decrease in revenue was in tonnes.
