North American Palladium +16% after strong Lac des Iles guidance


North American Palladium (PAL) +16.6% AH after releasing its 2014 production guidance along with capital expenditure and exploration forecasts for its Lac des Iles palladium mine.

PAL continues to estimate 2013 LDI payable palladium production totaling ~135K oz. and is targeting 2014 output of 170K-175K oz.; underground mining is expected to average ~3K metric tons/day for H1 2014 and rise to 5K by year-end.

Capital investment and exploration budgets are significantly reduced to ~$30M and $4M, respectively.

Comments (3)
  • WPSPIKER
    , contributor
    Comments (1149) | Send Message
     
    yes good for me lol
    6 Jan 2014, 07:10 PM Reply Like
  • berniespear
    , contributor
    Comments (251) | Send Message
     
    Bounce back up PAL
    6 Jan 2014, 08:37 PM Reply Like
  • WPSPIKER
    , contributor
    Comments (1149) | Send Message
     
    only 3 or 4 more points and back to even lol
    6 Jan 2014, 10:51 PM Reply Like
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