08/28 12:12P North Amer Palladium 2Q Net C$0.82/Shr Vs Loss C$0.42
North Amer Palladium Earns -2: 2Q, 6 Mos Fincl Tables
North American Palladium Ltd. - Thunder Bay, Ont.
2nd Quar June 30:
All figures in Canadian dollars
2000 1999
Sales C$25,358,000 C$7,711,000
Net income a 11,670,000 (3,885,000)
Avg shares 12,473,320 12,105,040
Shr ern (basic)
Net income a .82 (.42)
6 months:
Sales 48,660,000 17,562,000
Net income a 20,762,000 b (5,450,000)
Avg shares 12,421,564 12,083,516
Shr ern (basic)
Net income a 1.45 b (.65)
Figures in parentheses are losses
a. Includes a C$348,000 loss on the sale of capital assets. The impact on share earnings wasn't disclosed.
b. Includes a C$1,419,000 gain on palladium forward contracts. The impact on
share results wasn't disclosed.
The company said palladium production was 25,842 ounces versus 13,761 ounces
in the second quarter and 46,214 ounces versus 30,905 ounces in the six
months. Platinum production was 1,520 ounces versus 1,196 ounces in the second
quarter and 2,790 ounces versus 2,281 ounces in the six months.
It said gold production was 1,391 ounces versus 1,148 ounces in the second
quarter and 2,676 ounces versus 2,114 ounces in the six months. Cash-cost
figures weren't provided.
Copper production was 303,756 pounds versus 350,618 pounds in the second
quarter and 581,062 pounds versus 569,668 pounds in the six months, it said.
Nickel production was 218,018 pounds versus 243,539 pounds in the second
quarter and 418,705 pounds versus 400,557 pounds in the six months.
North American Palladium Ltd. (T.PDL) is a producer of platinum-group
metals.
Company Web Site: napalladium.com
-Matthew Sylvain, Dow Jones Newswires
PHIL |
