FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION

                            Report of Foreign Issuer
                      Pursuant to Rule 13a-16 or 15d-16 of
                       The Securities Exchange Act of 1934


For the month of April, 2004                    Commission File Number:  0-20235


                          NORTH AMERICAN PALLADIUM LTD.

                              (Name of Registrant)

                            130 Adelaide Street West
                                   Suite 2116
                                Toronto, Ontario
                                 Canada M5H 3P5

                    (Address of Principal Executive Offices)

 Indicate by checkmark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:

         Form 20-F [ ]                               Form 40-F [X]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): __

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): __

Indicate by checkmark whether the registrant, by furnishing the information
contained in this Form is also thereby furnishing the information to the SEC
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

         Yes [ ]    Assigned    File No.  ____________        No [X]

If "Yes" is marked, indicate the file number assigned to the Registrant in
connection with Rule 12g3-2(b).




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This report on Form 6-K, dated April 6, 2004, is specifically incorporated by
reference into North American Palladium's registration statement on Form S-8,
filed in July 2001.

                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


                                              NORTH AMERICAN PALLADIUM LTD.


Date:     April 6, 2004                       By:      /s/ Mary Batoff
     ------------------------------              ------------------------------
                                                       Mary Batoff

                                              Title:  Secretary




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                                  EXHIBIT INDEX

Exhibit                 Description of Exhibit
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1                       Management's Discussion and Analysis of Operations and
                        Financial Results for the 2003 Audited Annual Financial
                        Statements

2                       Audited Annual Consolidated Balance Sheets as at
                        December 31, 2003 and 2002 and the consolidated
                        statements of earnings and deficit and cash flows for
                        each of the years in the three-year period ended
                        December 31, 2003.

3                       Audited Annual Consolidated Balance Sheets as at
                        December 31, 2003 and 2002 and the consolidated
                        statements of earnings and deficit and cash flows for
                        each of the years in the three-year period ended
                        December 31, 2003, with Item 18 US GAAP Note Disclosure.

4                       Confirmation of Mailing of Items 1 and 2 above.