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North American palladium narrows Q1 loss

Canadian precious metals company North American Palladium Ltd’s first-quarter loss narrowed, but the company cut its 2011 palladium production forecast as it shifts focus to development from production.

The company cut its full-year production forecast to 145,000-155,000 ounces of palladium from its earlier view of 165,000-175,000 ounces.