Denver Gold Group > Member Company Profile > North American Palladium Ltd.

Address

Royal Bank Plaza, South Tower, 200 Bay Street, Suite 2350
Toronto, ON M5J 2J2
Canada

Value Drivers

• Growth-oriented precious metals producer in mining-friendly jurisdictions
• Robust pipeline of projects to increase palladium and gold production
• Significant commitment to palladium and gold exploration
• Experienced senior management and operating teams
• Strong balance sheet and no long-term debt

Management

Chairman:	André J. Douchane
CEO/President/MD:	William J. Biggar
CFO:	Jeffrey A. Swinoga
COO:	Greg Struble
Other Key Staff:	Michel Bouchard, Vice President, Exploration & Development Trent Mell, Vice President, Corporate Development & General Counsel

IR Contact

Camilla Bartosiewicz
416-360-7590
camilla@nap.com
www.nap.com

Cautionary Information

© Copyright 2012, Denver Gold Group & North American Palladium Ltd..

Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use. Certain information contained in this profile, including any information as to strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "will", "anticipate", "contemplate", "target", "plan", "continue", "budget", "may", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of the Company to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; changes in the worldwide price of commodities and energy inputs; fluctuations in currency markets; changes in global and national interest rates; risks arising from holding derivative instruments; the ability of the Company to complete or successfully integrate an announced acquisition proposal; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; availability and costs associated with mining inputs and the construction of capital projects; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves; changes in costs and estimates associated with the Company’s projects; adverse changes in the Company's credit rating, level of indebtedness and liquidity, contests over title to properties, particularly title to undeveloped properties; the risks involved in the exploration, development and mining business, including, without limitation, environmental hazards. Certain of these factors are discussed in greater detail in the Company's most recent regulatory filings with various national securities and other authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

North American Palladium Ltd.

Toronto Stock Exchange : PDL

Last Updated: September 15, 2011

Status:	Producer
Primary Mineral:	Palladium
Secondary Mineral:	Gold
Primary Country of Operation:	Canada

North American Palladium Ltd. (NAP) is a Canadian precious metals company focused on growing its production of palladium and gold in mining-friendly jurisdictions. As an established producer, the Company operates two 100%-owned mines in Canada and has a pipeline of growth projects near these mine sites where both mills have excess capacity available for production growth.

Lac des Iles (LDI), the Company's flagship mine, is one of the world’s two primary palladium producers. Located approximately 85 kilometres northwest of Thunder Bay, Ontario, LDI started producing palladium in 1993. The Company is currently expanding the LDI mine to transition from mining via ramp access to mining via shaft while utilizing a high volume bulk mining method. The mine expansion is currently underway, with commercial production from the shaft at an increased mining rate targeted for the fourth quarter of 2012. It is expected that this expansion will transform LDI into a long life, low cost producer of palladium.

NAP also owns and operates the Sleeping Giant gold mine located in the Abitibi region of Quebec, north of Val d’Or, where the Company plans to organically grow the gold operations through the development of its other gold assets. The Company is also currently advancing the Vezza gold project towards a production decision expected at the end of 2011, and is continuing to advance its other projects through exploration and permitting.

The Company has a strong portfolio of development and exploration assets near the LDI and Sleeping Giant mines, and is pursuing a significant exploration program in 2011 aimed at increasing its reserves and resources. With an experienced senior management team, a strong balance sheet and no long-term debt, NAP is well positioned to pursue its growth strategy.

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.

Other Markets Traded On

NYSE Amex: PAL

Top Shareholders

• Kaiser-Francis Oil Co.
• RBC Global Asset Management Inc.
• T. Rowe Price Associates Inc.

Capital Structure

Common Shares Outstanding:	162,607,368
Float (%):	100
Warrants Outstanding:	8,760,000
Options Outstanding:	3,854,582
Fully Diluted Shares:	175,221,950

Stock as of April 24, 2012

	Local: CAD	USD
Stock Price:	2.56	2.59
52-Week Range:	2.1000 - 6.1800	2.12 - 6.25
Market Cap:	416 MM	421 MM
Fully Diluted Market Cap:	449 MM	453 MM
1-Year Return:	-57.62%