North American Palladium Ltd (PDL.TO), a Canadian precious metals company, has reported its Q1 net loss of C$14,6-million ($14,27 million). This is converted to 11 Canadian cents per share.

2009′s operating expenses of the company was only at C$738,000 but rose to C$18.2 million for the first quarter of 2010 due to production costs from the restart of its flagship Lac des Iles (LDI) mine in Ontario.  The ramp-up at its Sleeping Giant gold mine in Quebec has added to the expenses.

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