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Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer -- Ignore unavailable to you. Want to Upgrade?

To: Ptaskmaster who wrote (359)	11/18/1999 8:17:00 PM
From: DRT	Read Replies (1) \| Respond to of 976

Great picture of the exploration program drilling! The second link illustrates a point I made to someone in response to the AVL-SOE press release ... LDI (NAP) have likely staked all the areas nearby with the most significant potential (as illustrated by the map). As for the area play - no question interest is picking up and I am still expecting more news on the financial side of LDI. P.S. History tells me, whenever SOE-V is involved, stop reading/one can visit that thread for the history lesson! DRT

To: Ptaskmaster who wrote (359)	11/22/1999 8:56:00 AM
From: DRT	Read Replies (1) \| Respond to of 976

THIS WEEK IN PLATINUM Number 486, November 19, 1999 Johnson Matthey Expects 530,000 Ounce Platinum Supply Deficit in 1999 Johnson Matthey released their 1999 Interim Review with estimates of 4% platinum demand growth for 1999, coupled with a platinum supply shortfall to the tune of 530,000 ounces, or a little under 10% of overall demand. If Russian shipments do indeed fail to materialize this year, the supply shortfall should be even higher. Under the assumption that supplies are forthcoming from Russia before the end of this year, Johnson Matthey forecasts a platinum price range from $370 to $440 for the next six months. Other highlights from JM's Interim Review: ú Total world supply of platinum is down by 6% in 1999. ú Demand for platinum has increased by 200,000 ounces to a new high of 5.59 million ounces. ú Platinum jewelry demand is expected to reach a new record level of 2.73 million ounces. ú Japanese jewelry demand is expected to increase, reversing the declining trend of the past two years. ú Overall Japanese platinum demand is forecast to increase by 0.5% in 1999. South African precious metals equity analyst Rene Hochreiter, of Barnard Jacobs Mellet, had forecast earlier this week a similar projection to Johnson Matthey's, saying the supply deficit for 1999 could be as high as 530,000 ounces, owing to a dropoff of Russian supply of about 400,000 ounces and other producers offering about 50,000 ounces less to market than had been originally expected. Mr. Hochreiter made his forecasts with the caveat that there remains the chance that a surprise shipment of Russian platinum may emerge before year's end, though the likelihood of that was considered low, prior to news regarding Duma action (below). Reuters reports that the Duma passed an amendment to alleviate the effects of "Clause 19" which had inadvertently barred the exports of platinum from Russia so far in 1999. The passage raises the hopes that perhaps shipments may occur this year, a thing that has been increasingly in doubt. For it to mean that platinum exports can resume, however, President Boris Yeltsin may have to specifically name the "exporter organization" authorized to ship platinum. If President Yeltsin fails to sign the amendment into law, this may be sufficient cause for exports to be further stymied, according to the report. Yeltsin is currently in Turkey, fending off Western criticism of Russia's military action in Chechnya. Interfax reported Friday that Russia's central bank is still waiting for its palladium export quota for 2000, quoting an undisclosed senior official at the bank. The official said he had "no idea" when President Boris Yeltsin will sign an order allowing the central bank to export palladium next year. Norilsk had been granted a 10-year palladium export quota last spring, with the amount of palladium to be permitted for exports left undisclosed.

To: Ptaskmaster who wrote (359)	11/25/1999 10:39:00 PM
From: Sleeper	Read Replies (1) \| Respond to of 976

Thursday November 25, 6:14 pm Eastern Time Company Press Release Third Quarter 1999 Results THUNDER BAY, Ontario--(BUSINESS WIRE)--Nov. 25, 1999--North American Palladium Ltd. (TSE:PDL. - news), announces financial results for the Third Quarter ended September 30, 1999. The Company reported a net loss for the three months ended September 30, 1999 of $3,159,000 or $0.36 per share on revenue from metal sales of $11,961,000 compared to net income of $706,000 or a loss of $0.05 per share on revenue from metal sales of $6,808,000 for the corresponding period a year earlier. The increase in revenue from the prior period is a result of higher average realized palladium prices offset in part by lower palladium production, which declined in the quarter to 15,602 ounces compared to 22,535 ounces in the third quarter 1998 as a result of processing lower grade ore. For the nine month period ended September 30, 1999 the net loss was $8,609,000 or $1.01 per share compared to a net loss of $15,169,000 or $1.60 per share for the nine months ended September 30, 1998. The net loss per share includes dividends in arrears on Series ``A' preferred shares of $1,219,000 for the third quarter of 1999 and $3,657,000 for the nine month period ended September 30, 1999. Cash provided by operating activities was $743,000 for the third quarter 1999 compared to cash provided of $1,956,000 for the third quarter 1998. Operating activities provided positive cash of $3,089,000 for the nine months ended September 30, 1999 compared to cash used of $8,087,000 for the corresponding 1998 period. -0- Third Quarter Nine Months September 30, September 30, 1999 1998 1999 1998 --------------------------------------------------------------------- (thousands of Canadian dollars, except per share amounts) Revenue from metal sales 11,961 6,808 29,523 17,937 Income(loss) from operations 151 34 298 (8,314) Net Income (Loss) (3,159) 706 (8,609) (15,169) Operating cash flow 743 1,956 3,089 (8,087) Net Loss per share (0.36) (0.05) (1.01) (1.60) OPERATIONS During the third quarter, the mine produced 419,192 tons of ore and stripped 1,007,467 tons of waste. Compared to the third quarter of 1998, ore production increased by 93% and is attributed to the mining production schedule. Waste production decreased by 28% for the quarter as mining continues to depth in Phase II of the Roby pit. Waste production will continue to decrease as Phase II mining continued at depth. Ore not treated during the quarter was stockpiled for future mill feed. The concentrator processed 254,564 tons during the third quarter of 1999 resulting in 15,602 ounces of palladium being shipped to the smelter. Compared to the same time period in 1998, palladium production decreased by 31%. The decrease in production is the result of lower grade material being processed from the upper level of Phase II. As mining continues at depth in Phase II, expected high grade ore will result in improved palladium production. -0- PRODUCTION STATISTICS Third Quarter Nine Months 1999 1998 1999 1998 ------------------------------------------------------------- Palladium( oz) 15,602 22,535 46,507 64,458 Platinum(oz) 1,178 1,376 3,459 4,220 Gold(oz) 1,270 1,014 3,384 3,829 Copper(lbs) 373,421 219,784 943,089 924,010 Nickel(lbs) 254,372 151,228 654,929 685,910 Ore Tons Milled 254,564 230,791 728,194 698,238 Ore Tons Mined 419,192 217,658 1,067,573 741,163 Waste Tons Stripped 1,007,467 1,399,919 3,835,264 3,185,955