North American Palladium Ltd. (NYSEAMEX:PAL) announced today its initial palladium production results for 2012 and at the same time, provided an update on its Lac des Iles mine expansion.
As quoted in the press release:
During the fourth quarter, the Company made significant progress advancing the critical aspects of its mine expansion.
On surface, the major construction components are now completed. The headframe, the main substation, the hoist house building, the service hoist (which is used for shaft sinking) and the auxiliary hoist are all fully operational and 100% completed. The installation of the production hoist has commenced and commissioning is scheduled for the first quarter. The remaining work on surface includes the installation of the main skip dump and the surface ore bins.