North American Palladium Ltd. (TSX:PDL,NYSE:PAL) announced financial and operational results for the third quarter ended September 30, 2012.
As quoted in the press release:
Revenue for the third quarter was $36.2 million, compared to $38.3 million in the third quarter the prior year. The decrease is primarily due to a lower realized palladium price and no gold production from the Sleeping Giant mine. During the quarter, the Company realized a palladium selling price of US$632 per ounce, as compared to US$742 per ounce in the third quarter last year.