Sept 30 (Reuters) - North American Palladium Ltd PDL.TO
cut its production forecast for the year on Wednesday and also
said it was laying off 44 employees at its Lac des Iles mine in
Ontario, another casualty of weaker metal prices.
The Canadian-based miner producer said it now expects to
produce between 160,000 and 170,000 ounces of palladium, down
from a previous forecast of 185,000 to 205,000 ounces, as it
reduces how much of its low-grade surface stockpile it
processes. At current prices, the surface stockpile is not
economic.
The company is also not filling an extra 17 vacant jobs at
Lac des Iles. The site will now employ a total of 422 workers.