North American Palladium commences shaft hoisting at Lac des Iles

|By:, SA News Editor

North American Palladium (PAL +4.9%) says it has begun hoisting material through the new shaft at its Lac des Iles palladium mine in Ontario, and the complete commissioning of the shaft ore handling system, including the crusher and loading pocket, is on target for completion later in October.

PAL maintains its target of increasing its underground mining production rate to more than 3K metric tons/day from the underground Offset Zone during Q4.