North American Palladium Ltd. is a precious metals producer. The Company is operating the Lac des Iles (LDI) palladium mine, which is located northwest of Thunder Bay, Ontario, Canada. The Company is engaged in an exploration program focused on increasing its palladium reserves and resources. The Company's operations at LDI consist of an underground mine accessed through a substantial low-grade surface stockpile and a mill with a processing capacity of approximately 15,000 tons per day. The underground deposits on the property are the Offset and Roby zones. The mill operates on a 14-day on and 14-day offbatch schedule processing primarily underground ore, which is supplemented with low-grade surface material from the stockpile. The Company's subsidiary is Lac des Iles Mines Ltd.