11:47 AM EST - North American Palladium Ltd : provided an update on its mineral reserve and resource estimates and life of mine plan for its Lac des Iles mine property in northwestern Ontario. Palladium production and operating costs in January and February were ahead of guidance with positive variances in both months. Total reserves and resources of 5.2 million ounces of contained Pd is an increase of 24% above the January 2013 technical report. Of the total reserve, underground reserve accounts for 9.2 million tonnes at a diluted grade of 3.9 g/t Pd. Total reserve is 15.0 million tonnes at a grade of 2.8 grams per tonne palladium which now includes salvage mining in the open pit and a portion of the low grade stockpile on surface. North American Palladium Ltd
shares T.PDL are trading up $0.06 at $0.58.
